Vault Minerals Limited (VAU) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and good morning to everyone on the call today. On the call we have Richard Hay, Redfire's Chief Operating Officer and myself, David Coyne, CFO and Joint Company Secretary. As Mark Williams, REDD5 Managing Director and CEO, is committed to other external meetings on the east coast of Australia this morning, Richard and I will present REDD's Q2 results for FY24, referencing the slide deck that was released to the market this morning alongside the quarterly report. As explained by the operator, there will be time for Q&A at the end of the presentation. moving to slide three please i'll now hand over to red five's coo richard hay for opening remarks and an overview of our quarter two results thanks david red five has three active mines at the koth open pit koth underground and dala underground with the ore being centrally processed at the koth hub which in the December quarter achieved significant periods of throughputs well in excess of 5.5 million tonnes per annum. Red 5 also owns a 3.25% royalty from the Siana Gold Project in the Philippines, and we note that the project's owners have announced receiver of their debt funding to advance mine development and production. Additionally, during the quarter, Red 5 was included in VanEck's GDX ETF, which is good recognition of Red 5's production scale and maturity. Moving to slide four. We are pleased to see the continued improvement trend in safety performance. Over the past 12 months, the TRIFA has reduced from 15.5 to 4.7 and the LTIFR has reached zero. Our operations leadership team continues to focus on activities to improve our leading indicator safety statistics, which we know ultimately over time has a positive impact on our lagging safety results. Production for the first half of FY24 was an excellent resu...