Metals Acquisition Limited (MTAL) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Metals Acquisition First Quarter 2024 Results Conference. At this time, all parties are in a listen-only mode. Later, you will have an opportunity to ask questions. To ask a question, you may press the star and 1 key on your phone keypad. It is star 1 if you would like to ask a question. To remove your from the queue, press star 2. Please note that this call is being recorded, and I will be standing by should you require any assistance. I would now like to turn the call over to CEO Mick McMullen. Please begin. Thank you and thank you everyone for joining. I'll be speaking to these presentation slides today along with Morne Engelbrecht, our CFO. We're going to give an update on our Q1 2024 results as well as a bit of an update on the business up until now. So CSA obviously we own is a very high grade copper mine sitting in a tier one jurisdiction in Western New South Wales. And as most of the people on the call would know, it's been operating for a very long period of time. And so it's a sort of a known quantity in terms of infrastructure and great relationships with local stakeholders and a very stable regulatory tax and loyalty regime, which in this day and age is becoming increasingly rare. The company's got just under 70 million shares in issue. As everyone would know, we're listed on the New York Stock Exchange as well as the ASX. and the enterprise value is near enough to about 1.1 billion US dollars. We have a very strong register, large institutional backing, not a lot of retail in the company, and we view CSA as a great foundational asset for us in terms of a phenomenal resource in the ground with a lot of excess infrastructure. We thought we'd put in a bit of a scorecard for us to sort of mark how we've progressed along our journey ...