Balance Sheet And Capital AllocationStrong cash generation and a solid cash balance underpin management's stated M&A mandate and provide flexibility for capital allocation that could enhance investor confidence and support growth plans in FY26.
Cost ControlActual operating costs were reported below analyst expectations, supporting the view that ongoing cost programs could drive stronger margins and improved profitability through FY26.
Operations And ThroughputTargeted site initiatives at Costerfield and pre-crushing at Tomingley focus on better drilling, operator training, and feed preparation, which are expected to boost recovery, reduce dilution, and increase milling throughput during FY26.