29Metals Limited (29M) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Now I'd like to hand the conference over to Mr James Palmer, CEO. Please go ahead. Thank you. Good morning all. James Palmer here and thanks for joining this 29 Medals update for the March quarter 2025. Today we'll be speaking to the presentation released this morning alongside our March quarter report and joining me are Ed Cooney, our Chief Operating Officer, Peter Herbert, our Chief Financial Officer and Christian Speller, our Group Executive, Corporate Development. It's great news speaking with you all again. What was another quarter of significant milestones for the business. The team are delivering on commitments and on track to deliver full year guidance. On slide three, briefly before getting into the quarter results, the 29 medal investment thesis remains strong. It's all about copper, which remains a critical medal as the world transitions further towards electrification. At 29 Metals we have two assets, lots of copper, over 2 million tonnes of contained copper and resources across Golden Grove and Capricorn Copper. Both assets have long life potential and significant geological upside that we have plans to capitalise on. Slide 4 lays out our key priorities. Health and safety first always and a great result on this front with zero recordable and zero lost time injuries during the quarter. across the group, discipline in productivity and cost improvements which remain a focus and at Golden Grove it's all about the drum beater delivery. Delivery of 2025 guidance and delivery of Gossam Valley First Ore in H226, both of which remain on track. At Capricorn Cooperate it's all about the imperatives for a successful and sustainable restart with water reduction the immediate focus. Fantastic progress made on this front during the quarter and post quarter end with a s...