• Price expectations: LME zinc prices are projected to remain between $3,100 and $3,300 per tonne, while silver prices are anticipated to fluctuate between $65 and $75.
• Capacity expansion roadmap: Mined metal production is guided at 1,150 KTPA for FY27 to extract 1.1 million tonnes of metal, with total capacity targeted to increase to 1.35 million tonnes within three years and approximately 2 million tonnes within five years.
• Cost of production: Zinc cost of production is guided higher at $975–$1,000 per metric tonne for FY27 compared to $903 in Q4, factoring in post-Q4 plant maintenance and a $30–$35 cost impact from Middle East disruptions.
• Critical minerals strategy: The company is expanding into critical minerals after winning blocks for tungsten in Andhra Pradesh, rare earths in Uttar Pradesh, and potash/glauconite in Rajasthan, with plans to contribute to the bottom line within five years.