2339 GMT - Greatland Resources is developing what could be one of the best greenfield gold mines in a decade at its Havieron deposit, says Citi analyst Kate McCutcheon. Citi initiates coverage on the stock with a neutral rating and A$8.00 target for ASX-listed shares. The bank targets GBP3.85/share for Greatland's AIM listing. "The prize is Havieron with expected first-quartile costs and 20-year-plus mine life," McCutcheon says in a note. Havieron can be funded by cash from Greatland's Telfer operation, acquired last year, she says. "That said, West Dome Underground has delivered some of the best intercepts on the ASX this year," McCutcheon says of a new potential mining area at Telfer. Greatland ended Wednesday at A$7.20. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
June 25, 2025 19:39 ET (23:39 GMT)
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