Bathurst Resources Limited (BRL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, I'm Richard Dager, CEO of Bathurst Resources. Welcome to the quarter one FY26 result webcast. We'll move on through this. So Bathurst is an operating company. All its operations are based in New Zealand, but we've also got two projects in British Columbia in Canada. So we've got four operating lines, Takatimu, Stockton, Rotowara, Marlborough, Uh, getting two in the North Island. We'll show you a map in a minute. Uh, one on the West coast and one on the deep South, the bullet project, which is right next door to Stockton. We'll talk about more as we go through, uh, to NASA's in Northern BC and, uh, crown mountain is a joint venture with Jamison, which is in the Eastern BC. Look, I suppose the key thing on this page really is that we've got a very low enterprise value. We've got cash in the bank and we've got significant earnings generation going on and particularly in the future. So really just moving on to strategy, we've got existing operations that are making money. The key there is to maintain those operations in a safe and efficient way, not doing any damage to the environment and also making money. And out of those then build on the organic growth opportunities within those existing projects or right next door to them, utilizing existing infrastructure. And then more importantly, looking at some new areas, and in our case, British Columbia, to then build and add to our coking coal capability in terms of export tonnage. So that was the set of the intention with the Crown Mountain Project, which we got into in 2018 as a place to learn with our partners, Jamieson. and then onto the 100% owned TANAS project. And ultimately, we're looking to generate capital returns that we can then flow back to our long-suffering shareholders. You know, we've built a successful ...