adminJane Brunton
Good morning. Good morning, everyone. Apology for the delay. We had a bit of a technical issue. Thank you for joining the 2026 March Quarter Results webinar. I’m joined by CFO, Luke Anderson.
[Operator Instructions]
I will now hand over to Mr. Bob Fulker, CEO and Managing Director at Hillgrove Resources.
Robert Fulker
MD, CEO & Director
Thanks, Jane, and good morning, everyone. Sorry for that slight technical hiccup. I’m hoping everyone can hear us now. Thanks for joining the Hillgrove Resources 2026 March Quarterly Results webinar. I’m joined on the call today by Luke Anderson, our CFO. Certainly living in interesting and changing times, with global uncertainty and pressure on both commodity price, exchange rate, and our cost base. These have not adversely affected us as of today, but we are closely monitoring the fuel situation and the Middle East events, like I’m sure most others are. Of importance, with all the uncertainty, is that the Australian copper price remains strong. Operationally, the March quarter delivered a strong start to the year, with key highlights being 3,120 tonnes of copper delivered, a fourth quarter-on-quarter increase.
Mine generated $14.6 million of operating mine cash flow and a net mine cash flow of $6.6 million after capital and rehabilitation expenses. Our cash balance increased by $4.6 million, increasing the group cash balance by 22% to $25.2 million at quarter end. On costs, Kanmantoo delivered an all-in sustaining cost of $6.20 per pound of payable copper sold, within the guidance range of 2026. Adjusting for sales
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