I want to say thank you to Lake Resources because what a segue, hey? How good is lithium? I want to say thank you to Lake Resources because what a segue, hey? How good is lithium? Everybody's talking about lithium, and the good news about it is China controls over 95% of the anode market. What could possibly go wrong? If that worries you, listen to what we've got because we have the only solution at scale that is available that works today. I use that word "works today" every day for the last eight years. I've heard of an alternative anode technology, and I reckon in the next eight years, every day I will continue to hear of an alternative anode technology, but only one works, and that's graphite. It's time to stop talking; it's time to start doing. Why is Mahenge so important? It is the second largest ore reserve for graphite on the planet. This matters because if you are looking at the EV supply chain, they want homogenous feedstock. Big, boring is beautiful in the graphite space. We are fully permitted. We have done the ESIA. We have significant bank funding from African Development Bank. Finally, our execution team, we have over 100 years' experience at the board. We have over 100 years' experience in the ExCo. Being round, we know what we are doing in this space. Graphite has been—if I was here three, four years ago, there would have been eight graphite companies. There is now down to two. I actually think that is fantastic because what it really means is that as this EV, this electric revolution moves forward, there are very, very few companies that are going to be in a position to be able to supply into that demand curve. That is why the timing is right for Mahenge now, and that is why the team is right for Mahenge now. I said our board has over 100 years' experience in mine development. Our executive team, similarly, over 100 years' mine experience. Importantly, they are employees. They are not consultants or contractors who are going to go run away to the next shiny project. Everybody is committed here. A little bit about graphite. Batteries—really exciting. That is growing 30% year on year. The only thing that was growing 30%, but greater than 30%, was artificial intelligence until this morning. It is the best—it is the best thematic out there at the moment. What really matters here is the large flake. Why does large flake matter? It supports an industrial manufacturing base. In a conversation about critical minerals, if having a manufacturing base is important, you need large flake. If you want to take this forward to next-gen tech, if graphene is interesting to you, you need large flake. Mahenge is the best source of large flake available globally today. Why that makes a difference to us today? Let's be very clear about this. China has gone out and brutally smashed fines pricing. Fines are the material that goes into your battery supply chain. If you're a typical project that's 90% fines, 10% large flake, you're going to have a weighted average, or we call it a basket pricing, that is well under your cost of production. That is why there's only two graphite guys here today. At Mahenge, I've got 70% of our material large flake. That goes into an industrial base that goes into modern graphene applications. That lifts our weighted average price at the bottom of the cycle to twice our cost of production. Find another project that at the bottom of the cycle brings in AUD 2 of revenue for every dollar of cost. You're doing really well, but that's where we're at. Bottom cycle, AUD 2 in for every dollar out. It is a bulletproof project. We are moving forward with this. We've been watching the socials. We recently kicked off a groundbreaking event as part of our early works program. That's really about getting ourselves in a position to be able to execute once we get all the funding in place. We want to get this works done while we can in the dry season. When the wets hit, we can keep moving. What it's about also is leveraging the infrastructure that's available at Tanzania. Geology gives us the revenue line. Its infrastructure gives us the cost line. We're able to access grid power at AUD 0.08 a unit. I don't know what the price of power is in Queensland. In [Western Australia], it's about AUD 0.30-odd a unit. If I was running off a diesel set, I'd be looking at AUD 0.40 a unit. Right? My peers who are running off diesel sets pay five times the price of power I have to pay. I've got a good deal with TANESCO. I've got almost a sealed road the whole way to the port, and it's the biggest container port in East Africa. Anybody in Simi Bolks will tell you mining's half the game. The other half of the game is getting it to your customer. We've got the best port in East Africa to do that. This is about geology and geography. Mining here is really, really simple. You've seen the graphic. You've seen the nice hills. All we're doing is scooting down the side of the hills and just taking out that very, very thick seam of graphite mineralization. It's like a blanket. It extends about 7 kilometers. If you get on Google Earth, you'll recognize this thing extends about 30-odd kilometers. Yes, we've got some licenses further south, but we'll talk about that at some point in time in the future. It's really simple. In terms of ore reserve, please note it is ore probable. Graphite has got a track record of over-promising, and for that reason, I'm the CP, and I will call this a probable reserve till the day we turn the mill on and deliver concentrate. At that point, we've proven it. That's what we're about here. We're about proving this is a project that's worth doing. Really, really simple economics. If you take a basket price, and this is a consensus estimate between Benchmark, Wood Mackenzie, and Fastmarkets, all we did is we know they're wrong. We took the average. So on average, we're probably less wrong. AUD 1,700 a tonne. That brings in AUD 3 of revenue for every dollar of cost. And that gives us an NPV that's eye-watering and a mine life of 26 years using about a third of the resource base. We do that really simply. We build module one. It's a big number. It includes power line, infrastructure, all that stuff. We then cash flow module two, module three, module four, do some more drilling, and you get to choose the number of modules we mine. This isn't a market that's growing 30% year on year. And I guarantee you, not everybody's happy about China owning 95% of it. We're not going solo on this. We surround ourselves with friends. If you're going to go downstream in this business, you've got to find a solution. Our solution is POSCO. POSCO is the biggest anode producer outside of China. Anybody who's ever looked at what's going on in graphite will tell you anode is ridiculously hard to do. It's ridiculously expensive. If you're a cash-strapped junior company, don't try and put a man on the moon. Stick to where you are at the top of the supply chain. Importantly, our finance here uses African Development Finance Institutions. We've got—I think this is incredible risk mitigation—that I've got African banks banking Africa. If there is a little bit of a bump in the road, these guys will get on the phone and have the conversation. I don't need to do it. This is becoming a self-governing process. Finally, use the local contractors. Use the local people. You leave the money in the economy. Those people are going to be your most important friends, and this is how you manage relationships. Africa Funding Africa said it really, really simple. Fund module one, cash flow module two, three, and four. Then use where you really can people's experience in the sector. Offtake? Yeah. Offtake's been hard in graphite. I'll guarantee you that. We are only 95% sold out. We have got a 12-year contract for module one with POSCO. For AUD 40 million, they stepped in and took the fines for module two. I have got two large flake contracts with China. Yes, that is problematic if I'm talking to America. They make things in China. They need large flake. If they start to make things in America, we would expect that large flake to pivot back. Importantly, if you're doing deep drilling for oil and gas, you need a prodigious amount of large flake to lubricate your drill string. Drill, baby, drill is actually good for graphite. A little bit about the relationship with POSCO because, as we heard from Lake, POSCO have really stepped into this space. If you start looking at what's going on, there really is only one company that really gets what's going on in the energy transition, and that's Korea and POSCO. POSCO have the world's biggest anode plant, 74,000-ton capacity at Sejong. If I was to replace that plant today, I'd be looking at about $1.2 billion-$ 1.4 billion U.S. real money. They're about to put an intermediate plant in that'll supply probably about half of the demand for the anode plant. That's costing AUD 300 million. Put those numbers together, I think pretty clearly you're going to understand why we want to stay at the top of the supply chain. We just don't have the coin to go down there. Quite frankly, I'm a mining engineer, and advanced chemistry is way outside my wheelhouse. We are going to stay at the top of the supply chain because we've got a mine that is fundamentally profitable at the top of the supply chain. A little bit of a render. One thing I want to drag attention to is the dry stacking. No wet tailings dams. If anybody's ever worked in developing economies or in high rainfall zones and you have sleepless nights when it rains heavy, we take that risk off the table completely by dry stacking, and we impact roll the stacking. These things actually shed water. Very, very innovative, and it's a great solution. I hope we see more of these things over time. If we start to package this up now, what are we talking about? We're talking about a high-grade, large deposit that has got a scalable business solution. Start at module one, crawl, walk, run to module four, drill some holes, take it from there. We're running off a hydro scheme. This is actually low-carbon graphite if such a thing exists. We're talking about right-priced energy. We've got an environmental footprint we know minimizes risk. We've really done well for our community. We're EP4, we're IFC compliant, we're EP4 compliant. We can prove that because we've got bank debt. Anybody who's dealt with banks in developing economies will tell you they're not concerned about the technicals. They're concerned about the ESG footprint. Finally, we have the channels to market. We have the channels to market in a sector that has been very difficult for people to secure channels to market. We have the best brands you can out there. I will just summarize that back where we are at. Why should you be looking at Mahenge? If lithium excites you, graphite is going to be the one that wins the race because you cannot build a battery without an anode. We are fully permitted, genuinely shovel-ready. We finish our financing. We close the bridge on financing. The board has an internal bet that we think we can get the FID in 24 hours. I think we can do it faster, but we will get there quickly. We have the right people in the right place. We have surrounded ourselves with friends, and that makes a difference, particularly when you're in a supply chain. Supply chains are team sports. You can't do everything on your own. You don't need 11 goalkeepers on the ground. You need 11 people who can play properly. Finally, given the execution team, we have the miles on the board. We have the miles on the ExCo. We're experienced. We know what we're doing. Two seconds to go. Delivered in full on schedule. Thank you.