Bathurst Resources Limited (BRL) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:01.533 website 00:00:01.533 -- 00:00:06.336 and we'll attempt to get those answered straight after again 00:00:06.839 -- 00:00:09.723 thanks very much for attending uh 00:00:09.723 -- 00:00:14.867 usual disclosures we have had an update to the resource and reserves 00:00:14.889 -- 00:00:20.096 which was put out on the 31st of october so any reference to resource and reserves 00:00:20.096 -- 00:00:24.819 will be related to to that recent announcement not 00:00:25.543 -- 00:00:30.553 a lot's changed in our shareholding Base in particular, since the last time 00:00:30.553 -- 00:00:36.141 I spoke to you, share price has been sort of bouncing between 70 cents to 80 cents. 00:00:36.141 -- 00:00:38.904 And again, we've got about the same amount of cash in the bank. 00:00:38.904 -- 00:00:43.370 So just under 140 million New Zealand dollars in the bank 00:00:43.370 -- 00:00:46.415 and still no debt. And we'll sort of talk about that more as we go through. 00:00:46.415 -- 00:00:47.917 For 00:00:47.917 -- 00:00:51.081 anyone who's not familiar with Bathurst, we are a coal mining operator. 00:00:51.081 -- 00:00:55.527 We're based all of our operations in New Zealand, but we've also got two projects in 00:00:55.527 -- 00:01:00.974 Canada. So we've got four operating mines, two in the North Island, Maumaroa, Rotowara, 00:01:00.974 -- 00:01:05.781 principally supplying a thermal coal to a steel making process. 00:01:05.781 -- 00:01:10.808 The only steel mill in New Zealand, which is about 60 odd percent of New Zealand's 00:01:10.808 -- 00:01:15.795 cladding and structural steel. Stockton is our export mine on the West Coast of the South 00:01:15.795 -- 00:01:20.822 Island, which is about 1.2 million tonnes of high quality coking coal for the export 00:0...