Operator

Thank you for standing by, and welcome to the Boss Energy Investor Conference Call March Quarter 2026. [Operator Instructions] If we run out of time and do not have time for your question, we ask that you please call our office on (08) 6263-4494 or e-mail boss@bossenergy.com and speak to our team.

I would now like to hand the conference over to Mr. Matt Dusci, Managing Director and Chief Executive Officer. Please go ahead.

Matthew Dusci
MD, CEO & Director

Thank you [Audio Gap] to Boss Energy March quarterly conference call. Joining me on the call this morning is Justin Laird, our CFO. We're happy to take questions at the end of this call.

Turning to Slide 2. In summary, this has been a challenging quarter operationally for the business. At the same time, we've made significant progress in advancing our pathway forward. In terms of the Honeymoon operation for the quarter, production for the quarter was lower and costs were higher than forecast. The primary driver was the impact of heavy and repeated rainfall events during March, which restricted access to site and limited the delivery of key reagents required to maintain stable leaching conditions. This is also compounded by delays in commissioning additional processing capacity, including columns and associated primary pumps.

As a result, we revised our FY '26 production guidance to 1.4 million to 1.45 million pounds. We have reconfirmed our C1 cost guidance of $36 to $40 per pound and all-in sustaining cost guidance of $60 to $64 per pound. Note