Bathurst Resources Limited (BRL) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

website and we'll attempt to get those answered straight after again thanks very much for attending uh usual disclosures we have had an update to the resource and reserves which was put out on the 31st of october so any reference to resource and reserves will be related to to that recent announcement not a lot's changed in our shareholding Base in particular, since the last time I spoke to you, share price has been sort of bouncing between 70 cents to 80 cents. And again, we've got about the same amount of cash in the bank. So just under 140 million New Zealand dollars in the bank and still no debt. And we'll sort of talk about that more as we go through. For anyone who's not familiar with Bathurst, we are a coal mining operator. We're based all of our operations in New Zealand, but we've also got two projects in Canada. So we've got four operating mines, two in the North Island, Maumaroa, Rotowara, principally supplying a thermal coal to a steel making process. The only steel mill in New Zealand, which is about 60 odd percent of New Zealand's cladding and structural steel. Stockton is our export mine on the West Coast of the South Island, which is about 1.2 million tonnes of high quality coking coal for the export market. We've got offices in Wellington and Christchurch. We've got a distribution route in Timaru. And our fourth operating mine, 100% owned by Bathurst, is Takatimu in the Deep South, which produces coal for Pro CSE, Valleyware to New Zealand Prime Production. We're a medium-sized business within New Zealand. We employ directly about 675 people. Quite a bit of money going out of those operations into the particularly regional areas, west coast, centre of the North Island and the deep south, the southern area. We're in a growth phase at the present time i...