Trending Top Performer this Week, Surging 14.6% in Recent Sessions
This ASX 200 stock has skyrocketed since Monday because of a major resource upgrade and improved investor confidence in the company’s long-term production potential.
Greatland Resources Limited (ASX: GGP)
Greatland Resources Limited (ASX: GGP) on 30 March 2026 announced a major mineral resource update which highlighted strong growth across its gold, copper and tungsten assets.
Since 30 March, the stock has surged 25% and market capitalisation at the time of writing is $8.7 billion.
The company reported that the Telfer and Havieron Mineral Resource increased to 14.9Moz of gold and 645kt of copper which shows strong growth compared to the previous update and supports a long-life mining operation.
The Telfer resource alone increased by 4.8Moz to 8.0Moz which represents a 150% increase and this was achieved at a very low discovery cost of $5 per ounce which is a strong industry metric.
Measured and Indicated resources also increased significantly which improves confidence in future reserve conversion and supports long-term production planning.
At the O’Callaghans project, the company reported a high-grade 70Mt tungsten-copper-zinc-lead resource which is considered one of the largest high grade tungsten deposits in the world.
Tungsten is a critical mineral because it is used in defence, aerospace, industrial and automotive applications which increases the strategic value of this asset.
The company also stated that tungsten prices have increased significantly in recent years because of supply constraints and geopolitical factors which improves project economics.
Recent developments include major drilling programs and the company completed more than 134000 metres of drilling in 2025 and plans more than 100000 metres which may lead to further resource growth.
The company is also targeting an updated Ore Reserve estimate in the June 2026 quarter which could act as another important catalyst for the stock.
The Telfer operation provides processing infrastructure and a production base which supports the development of nearby projects such as Havieron and O’Callaghans.
The outlook is positive because continued drilling, resource growth and reserve upgrades are bound to support long-term production growth.
(Source: Company Announcements)
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