Response to ASX Aware Query

Summary by 6ix AI

Greatland Resources Limited has submitted a response to an ASX Aware Letter regarding its updated production and cost forecasts for the Telfer Project, addressing concerns raised by the ASX about the materiality of this information. The company acknowledges that the updated production target represents a downgrade compared to previous forecasts, which could materially affect the value of its securities. However, it does not consider the updated operating cost information to be material, as the change is relatively minor. The filing outlines the company's budgeting process and the timeline for finalizing these updates, emphasizing that the information was not complete until approved by the board.

Written by 6ix AI from the company’s filing. How 6ix writes summaries