December quarter 2023 activities report

On January 30, we announced our December quarter FY24 results to the market.

Highlights included strong operating cash flow at both Peak and Dargues that is funding our growth, the continuation of an operational turnaround at Peak, exploration programs that delivered exciting results, and several milestones at Federation to ensure first stope ore is on track for Q1 FY25.

Managing Director and Chief Executive Officer, Bryan Quinn spoke about our quarter performance.

“It is pleasing to see continued strong development performance at Peak and Federation, and the production performance at Dargues, which will support our ability to deliver our FY24 targets and growth agenda. This quarter, our operations again funded all the development capital for Federation and our exploration programs.

“We remain focused upon implementing the actions required to make a step change in performance at Peak and prepare for higher utilisation of our processing infrastructure as Federation is brought into production.

“Our progress this quarter was in line with our key strategies to fill our mills and improve our value to shareholders. Improving our safety performance remains a key priority across the Company, which is fundamental to our success,” Bryan said.

Visit our ‘Investor centre’ to see the full report and presentation.