29Metals Limited (29M) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to hand the conference over to Mr. James Palmer, CEO. Please go ahead. Good morning all. James Palmer here and thanks for joining this 29 Metals update for the December quarter 2024. Today we'll be speaking to the presentation released this morning alongside our December quarter report and joining me are Ed Cooney, our Chief Operating Officer, Peter Herbert, our Chief Financial Officer and Christian Steller, our Group Executive, Corporate Development. So it's great to be speaking with you all again today on what was another great quarter, meeting full year production and cost guidance and so delivering on our commitments and setting our guidance for 2025 that is a step up from 2024. So stretching but achievable through the same focus on delivery. Importantly, during the December quarter, we fixed the balance sheet, providing us with the depth of liquidity to pursue our strategic objectives for 2025 and beyond. The first of those being to trigger a compelling project in Gotham Valley, so a big quarter. Briefly decide three before getting into the quarter results. The 29 Metals investment thesis remains strong, with the group having large copper resources across Golden Grove and Capricorn Copper. Both assets have long life potential, significant geological upside. Both have lots of copper, which is a critical metal as the world transitions further towards electrification. With the balance sheet now recapitalised, we are looking forward to unlocking this embedded value within the portfolio for the benefit of all stakeholders. Slide four lays out our key priorities. They remain the same as when I spoke to you three months ago. Health and safety first, always, and across the group discipline in productivity and cost improvements, which remains a key focus...