20974 29Metals AR23 WEB V1 - Flipbook - Page 125
2023 key
results
Chair letter and
CEO report
46
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
121
29Metals Appendix 4E and Annual Financial Report for 29Metals Limited and its Controlled Entities for the year ended 31 December 2023
Directors’ Report
Remuneration Report
Unit
2021
Pro forma1
mwhrs
12.1
ŽƉƉĞƌ
t
40.
ŝŶĐ
t
4 .
'ŽůĚ
o
^ŝůǀĞƌ
o
Company performance metric
^ĂĨĞƚLJ;dZ/&ZͿϱ
2021
Statutory2
20223
20234
9.
ϲ͘ϱ
30.
40.
Ϯϰ͘Ϯ
4 .
.
ϱϭ͘ϱ
3 .
3 .
2 .
ϭϰ͘Ϭ
1,
1, 41
1,
ϴϭϭ
a
WƌŽĚƵĐƚŝŽŶϲ
ŽƐƚƐ
/^ϳ͕ϴ
S lb
3.41
na
3. 4
ϰ͘ϵϲ
million
09.
00.
20.
ϰϰϵ͘ϳ
/dϭϬ
million
2 4.0
1 .2
1 1.
;Ϯϭ͘ϮͿ
EWdͬ;E>dͿ
million
2 .4
121.0
(4 .2)
;ϰϰϬ͘ϱͿ
ZĞǀĞŶƵĞϵ
W^ϭϭ
cents share
a
4 .
(9. )
;ϳϵ͘ϵͿ
ŝǀŝĚĞŶĚƐ
cents share
0.0
0.0
2.0
Ϭ͘Ϭ
3.0
3.0
1.91
Ϭ͘ϲϰϱ
^ŚĂƌĞWƌŝĐĞϭϮ
share
1.
Except as otherwise stated, ϮϬϮϭWƌŽĨŽƌŵĂdata is derived from the Pro forma results set out in Part B of the KƉĞƌĂƚŝŶŐĂŶĚ&ŝŶĂŶĐŝĂůZĞǀŝĞǁ in 29Metals’ Directors’
Report for the 12 months ended 31 December 2021 (as published in 29Metals’ Appendix 4E and Annual Financial Report dated 22 February 2022). ϮϬϮϭWƌŽĨŽƌŵĂ
data is non IFRS financial information. Refer to important information on page 1 regarding the use of non IFRS financial information in this report. on IFRS financial
information in this report is unaudited.
2. Except as otherwise stated, ϮϬϮϭ^ƚĂƚƵƚŽƌLJZĞƐƵůƚƐ data has been derived from the statutory results set out in Part A of the KƉĞƌĂƚŝŶŐĂŶĚ&ŝŶĂŶĐŝĂůZĞǀŝĞǁ in
29Metals’ Directors’ Report for the 12 months ended 31 December 2021 (as published in 29Metals’ Appendix 4E and Annual Financial Report dated
22 February 2022).
3. Except as otherwise stated, ϮϬϮϮ^ƚĂƚƵƚŽƌLJZĞƐƵůƚƐ data has been derived from the statutory results set out in the KƉĞƌĂƚŝŶŐĂŶĚ&ŝŶĂŶĐŝĂůZĞǀŝĞǁ in 29Metals’
Directors’ Report for the 12 months ended 31 December 2022 (as published in 29Metals’ Appendix 4E and Annual Financial Report dated 23 February 2023).
4. Refer to the KƉĞƌĂƚŝŶŐĂŶĚ&ŝŶĂŶĐŝĂůZĞǀŝĞǁfrom page 13 of the Directors’ Report for further information regarding 2023 operating and financial performance
metrics.
. TRIFR is ƚŽƚĂůƌĞĐŽƌĚĂďůĞŝŶũƵƌLJĨƌĞƋƵĞŶĐLJƌĂƚĞwhich is reported on a rolling twelve month per million wor hours basis. TRIFR is unaudited.
. Metal production cited is contained metal in concentrate.
. AISC is ĂůůͲŝŶƐƵƐƚĂŝŶŝŶŐĐŽƐƚƐ and is cited on a Group basis per pound (lb) of copper metal sold. AISC is a non IFRS financial information metric. Refer to important
information on page 1 regarding the use of non IFRS financial information metrics in this report. on IFRS financial information in this report is unaudited.
. For the purposes of calculating Group AISC for 2023, costs characterised as “Recovery Expenses” are excluded. Refer to page 21 of the KƉĞƌĂƚŝŶŐĂŶĚ&ŝŶĂŶĐŝĂůZĞǀŝĞǁ
for further information regarding AISC and the treatment of Capricorn Copper Recovery Costs.
9. Revenue is gross revenue for all mineral concentrate sales, inclusive of final shipment invoice and quotational period (‘YW’) adjustments, and after treatment and
refinement costs and charges.
10. EBITDA is ĞĂƌŶŝŶŐƐďĞĨŽƌĞŝŶƚĞƌĞƐƚ͕ƚĂdž͕ĚĞƉƌĞĐŝĂƚŝŽŶĂŶĚĂŵŽƌƚŝƐĂƚŝŽŶ. EBITDA is a non IFRS financial information metric. Refer to important information on page 1
regarding the use of non IFRS financial information metrics. on IFRS financial information in this report is unaudited.
11. EPS cited is basic earnings (loss) per share, as shown in the Consolidated Statement of Comprehensive Income in the Consolidated Financial Statements for the year
ended 31 December 2023.
12. Closing price for 29Metals shares quoted on AS at close of trading on the final trading day for the year cited.
4.3 Performance-based Remuneration for Executive KMPs for the Reporting Period - STI
As outlined in section 3.3, awards to each executive KMP under the Company’s STI are determined by the Board after assessing performance Company
KPIs and the performance of the executive KMP.
The personal performance component for executive KMPs was introduced by the Board in 2023, to enable the Board to ta e account of the Board’s
assessment of each executive KMP’s overall performance in their role, and demonstration of behaviours aligned with the Company’s TEAMS alues.
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