Metals Acquisition Limited (MTAL) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. This is the conference operator. Welcome to the Max Cooper Limited Q4 2024 conference call and webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. I would now like to turn the conference over to Mick McMullen, CEO of MacCooper Limited. Please go ahead. Thank you and thank you everyone for joining. Obviously it's a busy couple of days for quarterlies in Australia. We'll try and get through this fairly quickly for people. So there's a presentation online there that people can see that's also been lodged on both the exchange platforms and I'll talk to that. Joining me today is Mornay Engelbrecht, our CFO. And so as we go through the presentation, there's the usual disclaimer and forward-looking statements that people can read. In terms of Q4, where did we land? We landed at 11,320 tonnes of copper at a grade of 4.1% milled. So that brings us in just above the midpoint of guidance that we had for last year. And pleasingly, the grade continues to be good as we continue to work on... dilution control. Morne will talk to the financial shortly but you can also see on that slide that we had a C1 for the quarter of $1.66 US a pound and so that's quite a good result. We saw really only about a month of benefit from the lower exchange rate and so that bodes well for 2025 obviously as the Aussie dollar has fallen significantly. Again liquidity, we had about $213 million US of liquidity at the end of the year. which in Aussie dollars is actually ...