Paul Hissey's questions to MAC Copper Ltd (MTAL) leadership • Q4 2024
Question
Paul Hissey from Moelis Australia questioned the timeline for the balance sheet restructuring, including the Sprott facility paydown and refinancing of senior debt. He also asked about the medium-term strategy for mill throughput capacity versus mine output.
Answer
CFO Morne Engelbrecht stated the refinancing process would likely take another 6 to 8 weeks, aiming to extend debt maturity, lower interest rates, and add Australian banks to the syndicate. The Sprott facility repayment is on a similar timeline. Executive Michael James McMullen clarified that the mill's throughput is capped at around 1.7 million tonnes per annum due to water rights, which is the target for total ore from all sources.