Operator
Thank you standing by, and welcome to the 29Metals Limited June Quarter 2026 Conference Call. [Operator Instructions].
I would now like to hand the conference over to Mr. James Palmer, CEO. Please go ahead.
James Palmer
Chief Executive Officer
Good morning to all. James Palmer here. Thanks for joining this 29Metals update for the June quarter 2026. Today, we’ll be speaking to the presentation release this morning alongside our June quarterly report, and joining me here are Ed Cooney, our Chief Operating Officer; Peter Herbert, our Chief Financial Officer; and Kristian Stella, our Group Executive, Corporate Development.
So upfront, why invest in 29Metals? Well, globally, copper supply is challenged. New mines are becoming harder to find, lower grade and harder to mine. And on the demand side, as the world electrifies, the world is going to need a lot more copper.
As outlined on Slide 3, 29Metals, we’re well positioned to capitalize on this favorable copper supply demand dynamic over 2 million tonnes of contained copper mineral resources across 2 Australian-based assets, both with long-life potential and significant geological upside.
The 29Metals investment thesis remains strong. As outlined on Slide 4, the company’s intrinsic value is underpinned by 2 large copper resources across Golden Grove and Capricorn Copper. At Golden Grove, we’re nearing the end of a significant investment phase to enable mining of high-grade ore sources.
From 2027, we expect reduction of capital expenditures and progressive ramp-up of mining from