AIC Mines Limited (A1M) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to hand the conference over to Mr. Aaron Colloran, Chief Executive Officer. Please go ahead. Thank you, Mel. I'll provide a brief overview of the June quarter and then open for questions. The June quarter was a good quarter. As you'll see from the chart on page four, though, page four of the quarterly, it was a good quarter that contained our worst month and our best month. It was a rollercoaster ride of a quarter, but a great effort by the Eloise team to deliver the quarter on guidance and bring the year home on guidance. Thank you to the team at Eloise, but for the record, I don't need the suspense. I'm happy for you to come out of the blocks hard each quarter and then coast home. Eloise produced 3,202 tonnes of copper in con and importantly sold 3,469 tonnes of copper in due to the big stockpile decision we had at the end of March. Costs were down, a great all in sustaining cost result of Aussie $4.58 per pound which translates to US $2.98 a pound sold and an AIC of Aussie $4.90 per pound copper sold as the level of capital spend decreased as the budget year came to a close. So lots of copper sold, plus low costs, saw an excellent cash flow result. Aloise generated net mine cash flow of $16 million after capital expenditure. A great little mine, a truly great little mine. Aloise achieved its quarterly guidance and also full year FY25 guidance. For the full year, Aloise came in 3% above the production target, 5% under the AISC target, and 2% under the AIC target. An amazing level of accuracy there. It's almost as though we know what we're doing. This is the second year and eighth quarter in a row that Eloise has met or exceeded guidance. We do know what we're doing at Eloise. We have a great team at Eloise led by Ben McInerney. Thank you to the tea...