Kenmare Resources plc (KMRPF) Q2 2026 Earnings Call Transcript

Good morning, and welcome to the Kenmare Resources plc H1 2026 Results Investor Presentation.

Good morning, and thank you. Thank you all for taking the time to join us today to run through our half year 2026 results.

While you're reading the disclaimer, I'll just highlight that in the room with me, I have James McCullough, our CFO; Ben Baxter, our COO; Cillian Murphy, our Head of Marketing, is also on the call; and Katharine Sutton, our Head of Investor Relations.

So we'll be running you through the presentation today and hopefully answering any questions you have.

Just a few quick reminders about Kenmare's business. We operate the Moma Titanium Minerals Mine in Mozambique. We've been in Mozambique for nearly 40 years now. We've been producing for nearly 20. And Moma is a pretty unique resource. It's got over 100 years of mineral resources at our current production rate. So of course, we need to think about the long term, about living through multiple cycles and about investing to produce for many years to come. And suppose if you're going to be in the country for a long time, you've got to behave well, and we believe we do. We're a good corporate citizen. We work hard to improve the lives and outcomes of the community around us to