MGX Resources Limited (MTGRY) Q4 2026 Earnings Call Prepared Remarks Transcript

MGX's Chief Executive Officer, Peter Kerr, will be leading the discussion and is joined by Chief Financial Officer, Gill Dobson; and External Relations Manager, John Phaceas.

Mr. Kerr will provide a brief overview, after which there will be an opportunity to ask questions. Due to time constraints, only institutional participants will be invited to ask questions at that time. A recording of the call will also be available via the MGX website shortly after completion of today's teleconference.

Good morning, everyone, and thank you for joining us to discuss MGX's financial results for the '26 financial year. As usual, I'll give a brief overview before handing back to Lisa for any questions. And also, as usual, any dollar references that we state are in Australian dollars unless we say otherwise.

It's a brief webcast call this morning as our results have already been well flagged in the recent June quarter activities report and the financial position of the company is robust and relatively simple. MGX recorded a reasonable underlying financial performance in fiscal '26 in the context of the October 2025 Main Pit rockfall that we had at Koolan Island and the resultant noncash impairments on the accounting carrying values of the operation. Importantly, the low-grade sales program at Koolan exceeded our initial expectations and effectively funded the rockfall response, subsequent accelerated site rehabilitation work and the recent ramp-down activities. On top of this, we announced in June an