Greatland Resources Limited - Shaun Day, Managing Director

📅 Aug 03, 2026 Diggers & Dealers Mining Forum 20 MIN 2990 VIEWS 23 SEGMENTS · 2 SPEAKERS

What Shaun Day said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Shaun Day, managing director of Greatland Resources, discussed the company's transformation since acquiring Telfer and a 70% stake in Havieron from Newmont. He highlighted that the acquisition cost of around $541 million was paid back in just five months, with over $1.1 billion generated post-acquisition and $1.3 billion in cash, debt-free. Day detailed production of 329,000 ounces of gold and 15,000 tonnes of copper, and a resource base of 15 million ounces. He emphasized a significant exploration program, with 450 km of drilling over two years, boosting Telfer's reserves from zero to 1.8 million ounces. Havieron, a brownfield development, is projected as Australia's lowest-cost mine at $1,610 per ounce all-in sustaining cost, with a 17-year mine life. Day also mentioned potential underground mines, including a sublevel cave with 2.4 million ounces, and praised operational improvements like increased recoveries and safety.

Key takeaways

Greatland paid back the $541 million Telfer acquisition cost in just five months.
Havieron will be Australia's lowest-cost mine with an all-in sustaining cost of $1,610 per ounce.
Telfer's gold recoveries improved from 80% to 88% this financial year.
Greatland has $1.3 billion in cash and no debt, plus an undrawn $500 million facility.
West Dome underground is the highest-grade ore at Telfer since 2005.

Numbers and commitments

Figure	What it refers to	Type	At
$541 million	Acquisition price for Telfer and Havieron stake	price	1:52
$1.3 billion	Cash in bank, debt-free	metric	1:52
$1,610 an ounce	Havieron all-in sustaining cost	metric	3:48
329,000 oz	Gold production this year	metric	1:01
15,000 t	Copper production this year	metric	1:01
15 million ounces	Total resource	metric	1:52
1.8 million oz	Telfer reserves now	metric	10:11
235,000 m	Drilling completed post-acquisition	metric	2:55
88%	Average gold recovery	metric	7:09
270,000 oz	Havieron annual production	metric	16:51

Chapters

0:00Introduction and acquisition overview
1:01Production and financial results
2:55Exploration program and resource growth
3:48Havieron development details
5:28Infrastructure and cost advantages
6:24Operational improvements and safety
9:09Telfer reserves and resource expansion
10:36Future mining options and West Dome
16:51Havieron feasibility and synergies
19:03Nifty asset and closing remarks

Courtney 0:00 ↗

Next up, we have Shaun Day, managing director of Greatland Resources. Shaun has over 25 years of experience in executive and commercial roles across mining, infrastructure, and investment banking. Shaun was previously the CFO of Northern Star Resources and the CFO of SGX-listed Sarama Resources, which operated multiple mines before it was eventually taken over. Over to you, Shaun.

2 more exchanges in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Day, S. (2026, August 3). Greatland Resources Limited - Shaun Day, Managing Director [Interview transcript]. Diggers & Dealers Mining Forum. CEOInterviews.AI. https://ceointerviews.ai/interview/3037010/

MLA

Shaun Day. "Greatland Resources Limited - Shaun Day, Managing Director." Diggers & Dealers Mining Forum, 3 Aug. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3037010/.

BibTeX

@misc{day2026_3037010,
  author       = {Shaun Day},
  title        = {Greatland Resources Limited - Shaun Day, Managing Director},
  howpublished = {Interview transcript, Diggers \& Dealers Mining Forum. CEOInterviews.AI},
  year         = {2026},
  month        = {aug},
  url          = {https://ceointerviews.ai/interview/3037010/},
  note         = {Speaker-attributed transcript with timestamps}
}

▶

Key Quotes (2)

“Just over a year ago, Greatland acquired from Newmont the Telfer asset together with the 70% of Havieron next door that we didn't already own. This propelled us to be one of Australia's largest gold producers coupled with just an outstanding growth profile. This year, we delivered 329,000 oz. Just to put that in context for those who have looked at the Perth Mint world record gold bar, that's arou”

▶ 1:01 POLICY

“This is my favorite slide of the deck. And it's a great credit to the team led by our president COO Otto Richter has just done a tremendous job. Mark Benson, site GM at Telfer. In just in terms of giving Mark and the team another boost, we've just finished our major plan shutdown for the year. Actually brought that bring that back online ahead of schedule for a major shutdown. So, again, just the ”

▶ 6:24 POLICY

Mentioned in this interview

Newmont NEM: Sold Telfer and 70% of Havieron to Greatland.

Northern Star: Compared as major competitor and Day's previous employer.

Evolution EVO.ST: Mentioned as a larger gold miner in Australia.

Gold Road: Credited for walking down all-in sustaining cost at Telfer.

Newcrest: Previous operator of Telfer; Day tried to buy Nifty off them.

Otto Richter: President COO leading the site team, praised for performance.

Joe Hockey: Spoke on the importance of critical minerals at the conference.

Nifty: Tungsten asset, one of the world's great assets.

Earlier, on the same topics

“In FY26 we've guided to 260,000 plus to 310,000 ounces of gold at an all-in sustaining cost of 2,400 to 2,800 per ounce. I wanted to acknowledge that at its midpoint that this was an 11% reduction in ounces and a 4% increase in cost relative to our previous production target. We feel this guidance a”

Aug 04, 2025 at 1:54 →

“When we bought the asset, it was famously had a short life. But we saw the opportunity through due diligence to reinvest in the drill bit and reinvigorate Telfer and demonstrate that life. We acquired it with around 600,000 oz of drill resource. Today we have 8 million oz just 15 months later. That'”

Apr 16, 2026 at 9:19 →

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About Shaun Day

Shaun Day, Managing Director of Greatland Gold, appeared on the Monday Upbeat Markets podcast on September 7, 2026, to discuss the company's recent performance and outlook. He reported a strong financial year ending in June and said the company is planning to deliver the Havieron project and the West Underground development. Day noted that the company has debt facilities in place and, combined with its cash, has access to nearly $1.8 billion to fund a project with an estimated cost of $1.1 billion, which he said provides flexibility and confidence in delivery. Day also discussed the company's acquisition of a mine from Newmont, stating that while the mine had a 15-month life at acquisition in December 2024, it has now operated past the expected closure date of January 2026. He said the company has increased reserves from zero at acquisition to 1.8 million ounces as of June 30. Additionally, Day mentioned exploration work at Eagle Lake, where 10 of 16 cells covered for license fall in the top 1% nationally for gold, and expressed optimism about AI-driven exploration results from companies using Minimal technology.

All Shaun Day appearances → Diggers & Dealers Mining Forum on YouTube →