MGX Resources Limited. (MGX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining today's teleconference for the release of Mount Gibson Iron's December quarter activities report. Mount Gibson Chief Executive Officer Peter Kerr will be leading the discussion and he's joined by Chief Financial Officer Jill Dobson and External Relations Manager John Fascius. Mr Kerr will provide a brief overview after which there'll be an opportunity to ask questions. Due to time constraints only institutional participants will be invited to ask questions at that time. A recording of the call will also be available via the Mount Gibson website shortly after completion of today's teleconference. Thank you, and go ahead, please, Peter. Thanks, Lisa. Good morning, everyone, and thanks for joining us to discuss Mount Gibson's December 2024 quarterly activities report. As usual, I'll give a brief overview before handing back to Lisa for any questions, and as a reminder, all currency we mention on the call is denominated in Australian dollars unless So as expected, Mount Gibson delivered a significantly stronger performance from Kulin Island in the December quarter, and that gave the company a strong finish to the end of calendar 24. This reflected the successful reconfiguration of the primary in-pit haul ramp in the prior quarter, and we've already talked about that, enabling us to increase all production in the eastern half of the pit, which will be the primary source of high-grade iron ore over the remaining two-year life of the operation. The improved performance for production and sales and costs means that the company remains on track to achieve a shipping guidance of 2.7 to 3 million wet metric tonnes in fiscal 25, and our targeted cash operating cost is AUD $95 to 100 per wet metric tonne shipped FOB. So touching in more detail on the Kulin I...