29Metals Limited (29M) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the 29 Medals Limited June quarter 2025 conference call. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now 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 us again for the 20-hour metals update for the June quarter 2025. Today I'll be speaking to the presentation released this morning alongside our June quarter report. Joining me are Ed Cooney, our Chief Operating Officer, Peter Herbert, Chief Financial Officer and Christian Seller, our Group Executive, Corporate Development. So it's great to be here speaking with you all again. What was another quarter of significant milestones for the business. We're delivering on our commitments. We've broken ground on a new mine in Gotham Valley and we remain on track to deliver full year guidance. Briefly to slide three to touch on why 29 metals for copper investment exposure. So as the world electrifies, we're going to need a lot more copper. 29 metals, we have lots of copper, two Australian-based assets, one producing asset, Golden Grove, and one growth option with Capricorn Copper. Both assets have long-life potential and significant geological upside. At Golden Grove, we are growing metal production year-on-year, guiding copper 7% up, zinc 15% up, and gold 7% up from our 2024 to the midpoint of 2025 guidance. Currently market cap around 400 million, 187 million cash in the bank and total liquidity of 202 million at the end of the June quarter. So a compelling opportunity. Slide four lays out ou...