Australia · Delayed Price · Currency is AUD Core Lithium Earnings Call Transcripts
Fiscal Year 2026
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Transitioned from planning to execution with all major contracts awarded and mining underway at Grants and BP33. Fully funded through to steady state production, with plant recommissioning and first concentrate shipment expected by year-end. Exploration at Blackbeard progressing well.
Fiscal Year 2025
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Significant operational changes include moving to underground mining, acquiring key infrastructure, and simplifying the processing flow sheet. The project is restart-ready, with strong government support, robust cost controls, and potential for rapid production growth.
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The restart study outlines a 20-year, low-cost lithium operation with AUD 1.2 billion in free cash flow, leveraging underground mining, improved recoveries, and strong logistics. The project is fully permitted, capital-efficient, and positioned for rapid restart and future expansion.
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Quarterly results show a strong cash position, no debt, and stabilized costs after transitioning to care and maintenance. Exploration at Blackbeard and Shoobridge delivered positive results, while restart studies and plant optimization remain on track for mid-year updates.
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Finniss operations are in care and maintenance with a strong cash position and no debt. Updated ore reserves support a 9.5-year mine life, and restart studies focus on cost optimization, with results due in 1H 2025. Exploration at Shoobridge shows promising lithium and gold potential.
Fiscal Year 2024
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Record Q4 shipments and strong cost control led to a year-end cash balance of AUD 87.6 million with no debt. Operations are paused but restart-ready, with a detailed plan targeting the first half of 2025, and exploration investment set to build future resources.