Black Cat Syndicate Limited (BLCAF) Q4 2026 Earnings Call Transcript

Stewart Walters

Hello, and welcome to MarketOpen Direct Connect. I’m your host, Stuart Walters, and we’re joined here today by James Bruce, Managing Director; and Nick Dwyer, Chief Financial Officer of Black Cat Syndicate, ASX code BC8. James and Nick will discuss the company’s fourth quarter financial year 2026 quarterly and activities results and participate in a live Q&A post presentation. [Operator Instructions] A copy of this webinar will be available on MarketOpen and Black Cat’s communication channels within the next 24 hours. James, Nick, welcome to Direct Connect, and over to you.

James Bruce
MD & Director

Thanks, Stuart, and welcome, everybody. Thanks for joining us today. Black Cat’s had a successful year of ramping up production and very pleased to present these results to you. We produced 91,000 ounces in the year. We’ve got $105 million cash on the balance sheet, no debt and no hedging. The company since we listed has increased in share price 19% per annum. And the — I’m pleased to — for those of you who don’t know the company, I’ll just give a quick snapshot.

We’ve got 2 assets in production at Paulsens and Kal East. These hubs have ramped up well over the last 1.5 years. Kal East is continuing to ramp up. At our Coyote project, we’re drilling at the moment. And we’ve also got the Mt Clement Critical Minerals project, which is near to Paulsens. During the June quarter, some of the highlights were that we processed 428,000 tonnes of ore to produce 20,800 ounces