Strong Copper Production
Delivered just over 10,000 tonnes of copper at a head grade of 4% milled, with a clear pathway to 50,000 tonnes plus in the next couple of years.
Robust Liquidity Position
Pro forma liquidity of approximately $226 million USD, providing significant flexibility and optionality.
Successful Equity Raise
Raised AUD 150 million, which delevers the balance sheet and allows for strategic opportunities.
Exploration Success
Continued high-grade copper hits in QTS South Upper, with significant resource expansion potential.
Operational Consistency
Maintained a strong EBITDA margin of about 50%, with 77% converted to cash.
Debt Reduction
Reduced senior debt by $8.1 million over the quarter, with a net gearing ratio of approximately 16%.