ECORA ROYALTIES PLC (ECOR) — Half Year Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the ECORA Resources PLC Half Year Results Investor Presentation. Perhaps the recorded meeting, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the Q and A tab situated in the right hand corner of your screen. Just click Q and A, type in your question and press send. Company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll. I'd now like to hand you over to Mark Bishop LaFeche, CEO. Good afternoon, sir. Good afternoon, all. Thanks very much for joining us here today to discuss our H1 results. In the period, we saw a really strong portfolio contribution, 52,000,000, translating to adjusted earnings per share of $0.01 $06 This was driven primarily by really strong level of cash flow operations within our royalty area. During the period, we acquired a royalty over a advanced stage Palabora rare earth project for $8,500,000 It's a very high quality rare earth development project that we're delighted to get into our portfolio given it has consistently screened amongst one of the best, if not the best, undeveloped rare earth project globally ex China. We also saw in h one very, very positive news, a big milestone in terms of the development of the Voisey's Bay project. In h two, we anticipate a second key milestone will be met such that on that basis, and we'll talk more about it in the presentation, we have a very good line of sight on volume ramp up there. In in the period, in light of weak nickel, weak nickel price environment, BHP announced an intention to temporarily put their enti...