Wyloo has exercised its option to acquire Newmont Corporation’s remaining 9.9 per cent interest in Greatland (ASX:GGP, AIM:GGP), a leading gold-copper producer and developer in Western Australia.
This strategic transaction increases Wyloo’s interest in Greatland to 18.13 per cent, strengthening our long-term partnership at a critical stage, as the company advances development of the world-class Havieron project and extends mine life at Telfer, located in the Paterson region of the East Pilbara.
The decision to exercise this option builds on Wyloo’s previous investments in Greatland, and its role in supporting Greatland’s transformative acquisition of Newmont’s interests in Havieron and Telfer.
Wyloo CEO Luca Giacovazzi said the decision reflected strong confidence in Greatland and the long‑term value of its broader vision.
“We are proud to continue deepening our partnership with Greatland as its largest shareholder. We believe in the company’s disciplined approach, the quality of its assets and the capability of its team,” he said.
“Greatland is emerging as a leading multi-asset gold and copper producer with the potential to become one of the most significant mining companies on the ASX.
“We believe there is substantial value yet to be unlocked from Havieron and Telfer, and we look forward to continuing our support as Greatland drives operational excellence and delivers disciplined, sustainable growth.”