Daniel Morgan's questions to MAC Copper Ltd (MTAL) leadership • Q4 2024
Question
Daniel Morgan from Barrenjoey inquired about the primary drivers for 2025 production targets, specifically asking if it would be tonnes or grade. He also sought clarification on expected mined ore tonnes for the upcoming quarter and the scope of the February resource and reserve update.
Answer
Executive Michael James McMullen explained that achieving 2025 production goals will be driven more by increased tonnes and operational consistency rather than significant grade changes, which are expected to hover around 4%. McMullen noted that the company exited Q4 at the midpoint of the new year's guidance, emphasizing the importance of maintaining that performance. For the resource update, he confirmed that QTS North, Central, East West, South, and the newly drilled QTS South Upper are all in scope.