Record Sales and Production Increase
Sales were up 35% quarter-on-quarter, with full-year sales of 3.55 million tonnes, surpassing the average of the last 5-6 years. Production increased by 22% from the previous quarter.
Significant Profit and EBITDA Growth
EBITDA quadrupled quarter-on-quarter, leading to an AUD 140 million increase, in line with previous guidance on sensitivity to manganese prices.
Land Logistics Achievement
Land logistics volumes increased by 55% on the March quarter, achieving a record for the June quarter.
Positive Market Dynamics for HP MSM Project
The HP MSM project is progressing with pre-feasibility studies and growing demand for manganese in the EV market projected by 2028.