Green360 Technologies (GT3) AGM 2024 summary

Opening remarks and agenda

• Presentation focused on company milestones, financial performance, and strategic initiatives for FY24.

Financial performance review

• FY24 turnover reached $12.3m, up from $11.3m in the previous year, with high-margin sales to new customers.

• Operational costs, capital expenditure, and administrative overheads were reduced.

• Pittong Kaolin operations produced and sold approximately 20,000 tonnes, generating $12.3m in revenue at an average price of $601/t.

• Cash and cash equivalents as of 30 Sep 2024 stood at $2.2m; market capitalisation at $45.4m.

Board and executive committee updates

• Board includes experienced professionals: Aaron Banks (Executive Chairman), Mark Pensabene, Peter Trinder, Bojan Bogunovic (CEO), and Hanno Van Der Merwe (COO).

• Leadership brings expertise in mining, construction, finance, and project management.