THARISA PLC (THS) — Interim Results for the H1 FY2024

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the THARISA PLC Investor Presentation. Throughout this recorded presentation, investors will be in a listen only mode. Questions are encouraged and can be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Simply type in your questions 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, I'd like to submit the following poll. And I'd now like to hand you over to CEO, Vivos Prullis. Good morning, sir. Good morning, everyone, and welcome to this half year twenty twenty four interim results held virtually, and we will get straight into it. So we ask the question, why mining? Why now? And why THARISA? I think we all acknowledge that if it's not mined, it's grown. If it's not grown, it's mined. And these minerals that we mine are critical to the clean energy transition. There's a recognition that to achieve our decarbonization strategies, we need to extract these critical minerals in a sustainable and responsible manner. So mining is not an option, but the way in which we do it is, and I think that's part of our culture and our ethos. If we look at why now, we can clearly see that the demand for these minerals and metals will more than double by 2060 to meet these targets for climate change. There are limited and finite resources, and over and above that, there's been a lack of investment in existing operations and expansion capital, new operations. And we know firsthand that it takes approximately twelve years to develop a mine from discovery into first production. So the lead times are long, the decisions are stra...