June Quarter FY25 Results

On 21 July 2025, we released our June quarter FY25 results to the market.

Highlights from the quarter included the achievement of production and cost guidance for FY25 across all metrics. Production at Federation continues to ramp up in line with plans, and productivity improvements at Peak remain a key focus.

Managing Director and Chief Executive Officer, Bryan Quinn spoke about the results.

“Thanks to our team for their continuous focus on safety, our TRIFR at year end improved 54% on results recorded in FY24. Nothing is more important than the health, safety and wellbeing of our workforce and the communities,” Bryan said.

“On the back of a solid June quarter, where our team achieved FY25 guidance across all metals and cost metrics, our balance sheet strengthened further with cash of $110M, an increase from $107M at the end of Q3.

“I am particularly pleased we commenced ramping up Federation Mine and delivered strong cash flows from Peak in FY25 to fund our growth, which sets us up for success in FY26.

“What’s more, we have also established the Great Cobar Project to commence decline development at the start of Q1 FY26. Overall, we are well on our way to fill our mills in a planned sequence with high quality ore from our mines which will maximise value for our shareholders.

“In FY26, our focus will be to safely deliver our guidance targets for FY26, ramp up production at Federation, commence approved growth projects and accelerate exploration at Federation West extension, while ensuring our cash flow continues to fund our growth journey,” Bryan said.

Visit the ‘Investor centre’ page to see the full financial result and presentation.