Private investment group Wyloo has increased its shareholding in ASX- and Aim-listed Greatland Gold to 18.13% after exercising its option to acquire Newmont’s remaining 9.9% interest in the company.

The transaction further strengthens Wyloo’s position as Greatland’s largest shareholder and reinforces its support for the development of the Havieron gold/copper project and the extension of mine life at the Telfer operation, in Western Australia’s Paterson region.

Wyloo said the acquisition builds on its previous investments in Greatland and follows its support for the company’s recent acquisition of Newmont’s interests in Havieron and Telfer.

Wyloo CEO Luca Giacovazzi said the increased shareholding reflected the group’s confidence in Greatland’s strategy and growth potential.

“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.

Giacovazzi added that Greatland was 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,” he said.

Greatland is advancing development of the Havieron underground gold/copper project, which is regarded as one of Australia’s most significant recent discoveries, while also working to extend the operating life of the Telfer mine following its acquisition from Newmont.

Wyloo, which is privately owned by Tattarang, holds a diversified portfolio of mining and energy transition investments. Its interests include an integrated nickel business in Western Australia and Canada, the Eagle’s Nest nickel/copper/platinum group metals project in Ontario, the Yangibana rare earths joint venture in Western Australia, and a range of base and battery metals assets.

The group said it remained focused on supporting the sustainable development of high-quality mineral projects and strengthening supply chains for critical minerals.