20974 29Metals AR23 WEB V1 - Flipbook - Page 211
2023 key
results
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
207
Important Information
Non-IFRS financial information
Forward-looking statements
29Metals’ results are reported under IFRS. This report
includes certain metrics, such as “AISC”, “C1 Costs”, “Drawn
Debt”, “EBITDA”, “Net Drawn Debt”, “Recovery Expenses”,
“Site Opera琀椀ng Costs” and “Total Liquidity”, which are non-IFRS
昀椀nancial informa琀椀on within the meaning of ASIC Regulatory Guide
230: ‘Disclosing non-IFRS 昀椀nancial informa琀椀on’.
This Annual Report contains certain forward-looking statements
and comments about future events, including in rela琀椀on to
29Metals’ businesses, plans and strategies, and expected
trends in the industry in which 29Metals currently operates.
Forward looking statements can generally be iden琀椀昀椀ed by the
use of words such as, “expect”, “an琀椀cipate”, “likely”, “intend”,
“should”, “could”, “may”, “predict”, “plan”, “propose”, “will”,
“believe”, “forecast”, “outlook”, “es琀椀mate”, “target” and other
similar words. Indica琀椀ons of, and guidance or outlook on, future
earnings or 昀椀nancial posi琀椀on or performance are also forward
looking statements.
The non-IFRS 昀椀nancial informa琀椀on metrics used in this report
have been calculated by reference to informa琀椀on prepared
in accordance with IFRS. However, these non-IFRS 昀椀nancial
informa琀椀on metrics do not have a standardised meaning prescribed
by IFRS and may be calculated di昀昀erently by other companies.
The non-IFRS 昀椀nancial informa琀椀on metrics included in this report
are used by 29Metals to assess the underlying performance of the
business. The non-IFRS informa琀椀on has not been subject to audit
by 29Metals’ external auditor.
Non-IFRS 昀椀nancial informa琀椀on should be used in addi琀椀on to,
and not as a subs琀椀tute for, informa琀椀on prepared in accordance
with IFRS. Although 29Metals believes these non-IFRS 昀椀nancial
informa琀椀on metrics provide useful informa琀椀on to investors
and other market par琀椀cipants, readers are cau琀椀oned not to
place undue reliance on any non-IFRS 昀椀nancial informa琀椀on
presented. Refer to page 108 for de昀椀ni琀椀ons of the non-IFRS
昀椀nancial informa琀椀on metrics used in this report. Rounding Certain
昀椀gures, amounts, percentages, es琀椀mates, calcula琀椀ons of value
and frac琀椀ons presented are subject to the e昀昀ect of rounding.
Accordingly, the actual calcula琀椀on of these 昀椀gures may di昀昀er from
the 昀椀gures presented.
In addi琀椀on to the non-IFRS 昀椀nancial informa琀椀on metrics used
in this report, referred to above, this report contains pro
forma 昀椀nancial informa琀椀on. Pro forma 昀椀nancial informa琀椀on is
also non-IFRS 昀椀nancial informa琀椀on and has not been audited.
The pro forma 昀椀nancial informa琀椀on is this report has been
included to provide investors and other market par琀椀cipants
with insights into the opera琀椀ng and 昀椀nancial performance of the
Group for the full year cited. Refer to page 91 for informa琀椀on
regarding the basis of prepara琀椀on and presenta琀椀on of the
pro forma 昀椀nancial informa琀椀on in this report.
As above, the pro forma 昀椀nancial informa琀椀on (as non IFRS
昀椀nancial informa琀椀on) should be used in addi琀椀on to, and not as
a subs琀椀tute for, informa琀椀on prepared in accordance with IFRS.
Forward-looking statements involve inherent risks, assump琀椀ons
and uncertain琀椀es, both general and speci昀椀c, and there is a risk
that predic琀椀ons, forecasts, projec琀椀ons and other forward-looking
statements will not be achieved. A number of important factors
could cause 29Metals’ actual results to di昀昀er materially from the
plans, objec琀椀ves, expecta琀椀ons, es琀椀mates, targets and inten琀椀ons
expressed in such forward-looking statements, and many of these
factors are beyond 29Metals’ control. Statements or assump琀椀ons
in this Annual Report as to future ma琀琀ers may prove to be
incorrect, and circumstances may change and the contents
of this Annual Report may become outdated as a result.
Further, forward-looking statements speak only as of the
date of this Annual Report, and except where required by law,
29Metals does not intend to update or revise any forward-looking
statements, or to publish prospec琀椀ve 昀椀nancial informa琀椀on in the
future, regardless of whether new informa琀椀on, future events
or any other factors a昀昀ect the informa琀椀on contained in this
Annual Report.
Nothing in this Annual Report is a promise or representa琀椀on as
to the future, and past performance is not a guarantee of future
performance. 29Metals nor its Directors make any representa琀椀on
or warranty as to the accuracy of such statements or assump琀椀ons.
Rounding
Certain 昀椀gures, amounts, percentages, es琀椀mates, calcula琀椀ons
of value and frac琀椀ons presented are subject to the e昀昀ect of
rounding. Accordingly, the actual calcula琀椀on of these 昀椀gures
may di昀昀er from the 昀椀gures presented.
