29Metals Limited (29M) Q1 2026 Earnings Call

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Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:00] Speaker 1: Thank you for standing by and welcome to the 29 Medals Limited March 0.25 2026 [00:05] Speaker 1: conference call. [00:06] Speaker 1: All participants are in a listen-only mode. [00:09] Speaker 1: There will be a presentation followed by a question and answer session. [00:13] Speaker 1: If you wish to ask a question you will need to press the star key followed by the number 1 on your telephone keypad. [00:20] Speaker 1: I would now like to hand the conference over to Mr James Palmer, CEO. [00:23] Speaker 1: Please go ahead. [00:27] Speaker 2: Thank you and good morning all. James Palmer here and thanks for joining the 29 Medals Update for the March 0.25 2026. [00:34] Speaker 2: Today we'll be speaking to the presentation released this morning alongside our March 0.25 report and joining me are Ed Cooney, our Chief Operating Officer, Peter Herbert, our Chief Financial Officer, and Christian Seller, our Group Executive Corporate Development. [00:48] Speaker 2: So 0.25 with some strong results and post-quarter end, a challenging decision to undertake additional work to further de-risk Xantho Extended, which are now underway. [00:58] Speaker 2: So zooming out 1st before I talk to the quarterly. The 29 Metals investment thesis remains strong. [01:05] Speaker 2: The company's intrinsic value underpinned by 2 large copper resources across Golden Grove and Capricorn Copper. [01:11] Speaker 2: As outlined on slide 4, both assets have long life potential and significant [01:16] Speaker 2: geological upside. [01:18] Speaker 2: At Golden Grove we're nearing the end of a significant investment phase to enable mining of high-grade ore sources, so from the end of 2026 we expect reduction of capital ex...