Annual Report

The report records FY23 group revenue of US$271.4 million and underlying net profit of US$84.0 million while Kwale Operations transitioned to the lower-grade North Dune. It describes continued rehabilitation at Kwale, including 80.6 hectares planted in the South Dune during FY23. The report also highlights completion of a Toliara rare-earths concept study and decarbonisation work that selected a proposed pathway for further consideration.