All right. Thanks, Stuart, and thanks everyone for joining us. Yeah, we just released our maiden high-grade resource, so I will just jump straight in. Oh, sorry, just trying to get page down. Bear with me. All right, sorry about that. Right, here we go. One thing I need to show you here is cash in the bank. So we have still got just under AUD 10 million as of the start of October, so we are still relatively cashed up. Bottom left, institutions, significant increase, so we are up to 23% now. And that is a solid position to be in to stabilize the stock. Obviously, we have had a bit of a share run. For those that are new to the story, just on the top right-hand side, board. Myself, I am a geologist. Rob is a geologist, Roger is a geologist, and Scott is a geologist as well. So we are well stacked on the geological front, but all of us have a background in resource development and exploration on the financial side as well. Yeah, straight into what we just recently released. So we have just done the maiden Island Gold Project MRE. Over half a million ounces, so that is a great start. And as I say, that is just a line in the sand. That is us coming to market saying, "Look, we have got half a million in the ground. This is just the start, and we are not going to stop drilling. We are going to continue the drilling campaign on the island." And just with what we have delivered, yeah, half a million ounces, that is great. We are in solid country, so the goldfields. But within that half a million ounces, what you need to look at is that 340,000 ounces at 5.8 grams a ton. Now, that is significant on any scale, and that just shows you what the Murchison can produce. So if you look at mines around us, like literally across the road from the island, you have got the Break of Day deposit. They sit on a significant high-grade resource as well. To the south in Mount Magnet, to the north in Cue and Meekatharra. Within those areas, there are these mines with significant high-grade portions. We have also done some metallurgical work on the ore, and this is classic 94% recovery. But one thing to note is the coarse gold that came out of that test work. So if you imagine you are putting the dirt into the front end of the mill, we got 33% straight out as coarse nuggety gold, and that is significant as well. It just lowers your operating cost in the mill, because you are going to pull 33% out before it even goes into the process. In terms of how much that cost us, so it was AUD 25 an ounce, so that is pretty low. So we are quite happy about that as well. As I say, this is just a line in the sand. This is really saying, "Look, we are not just an explorer now. We have got ounces under our belt, and this is the start." So this is what it looks like, the actual block model where the ounces are sitting. So the green blocks are the indicated. As you can see, they sit in the guts of the optimized pit shells. And one thing to note, just on the right-hand side, is there is more indicated than there is inferred. So a significant portion of that is indicated. Anyone that works in the resource side of the business, the indicated portion is what can then go into a reserve when you start to add modifying factors and start doing your study work. So a significant portion there. Just on the bottom right-hand side, the grade cutoff. If we did a cutoff at 3 grams a ton, we are still walking away with 340,000 ounces, and that goes up again if you do a cutoff of five. But when you look at the mines in and around the Murchison, the cutoff grades for open pit are 0.3 for open pit, then underground, anywhere in the realms of 0.5 to 0.9. So, we are sitting squarely in the open pit and underground territory. As I say, in the indicated as well. One thing to note with this high-grade portion, which is the significant part, is just have a look around you. Musgrave Minerals, as I say, just across the road, they had a high-grade component at the Break of Day, Starlight, and Lena. Have a look at Spectrum Metals. They had a high-grade component, Penny West and Penny North. Just have a look at what happened to their businesses and where they went and got taken over. One thing also to note is we are unencumbered, which is really important for us. So we have not signed any mill agreements, no ore purchase agreements. We need to keep ourselves free. The market, if you were to look at the business, you will see that we have got no third-party agreements. We are completely standalone. Because when you do evaluate projects, once you see a third-party agreement or mill agreements, you are really tying yourself down. But we are saying, "Look, this is just a line in the sand. This is just us, half a million ounces, and we are obviously exploring for more." No third-party agreements, unencumbered. It makes it really easy for people to value us as well. On top of all that, one of the questions that came out the other day was, "Does the exploration target include the mineral resource?" No, it does not. The exploration target is on top of the half a million that we have already released. An exploration target, as you know, I guess it is conceptual in nature. But what we are saying is, right, we have got half a million in the bag. We believe there is at least another half a million on the Island. With further exploration, we will be able to increase it, hence the line in the sand, and this is where we are aiming for. So, we started a 50,000-meter drill program. We have still got the cash in the bank to do the next 25,000 meters, and we have got prime targets on the Island. One thing to note is that on the Island, the Island is made up of banded iron formations. On those formations, it sits within an approved mining lease, and the mining lease has a length of 5 km. So, you have got 5 km, and in there, you have got 10 banded iron formations. So 10 times five, that is 50 km of prime, I guess, exploration ground that we are now looking at. Obviously, the ounces that we found to date, they sit in the middle, so we have got all of the north and all of the south. And probably one other thing just to discuss, we just recently started an aircore program. So on the western side of the Island, which we haven't even drilled yet, which represents 50% of the mining lease, we just started an aircore program to test that. What we're testing there is the Break of Day stratigraphy, which runs on the western side. The reason why we're so confident on the exploration target is we sit right in the heartland of the Murchison Goldfields. In the Murchison Goldfield, there's over 15 million ounces and more resources being drilled and determined over the last year. So you can see, we're not in the middle of nowhere. We're in a goldfield. We're well-supported with multi-million-ounce deposits surrounding us. This is where the exploration target sits. The red circles there, the optimized pit shells, but the orange one is the exploration target area. Really, that only just covers a portion of where we think there's additional gold, but we had to draw a shape, if you like, for the exploration target, and that's where it sits. It represents the most eastern banded iron formation, just one of them. We've got 10. Within that banded iron formation, just the one on the eastern side, it hosts, on the right-hand side, it hosts New Orient Gold Mine, it hosts Vadrians, and then you go off to the south, which is on the left-hand side, you got Chicago and a few other deposits like Condenser, and they're all areas that we need to drill out. This is what it looks like in long section, so just one of the BIFs. You see on the right-hand side, that's New Orient. We've got all of this exploration target area, and we've only taken it down to 400 meters. On the left-hand side, you can see the surrounding mines. Comet, they've gone down to 450, Great Fingall is 800, and Hill 50's gone to 1.6 km. So we wanted to put a, I guess, a realistic exploration target out there, but you can see there's significant depth potential, especially when you look at Hill 50. If you was looking for an analogous deposit, Hill 50 has the identical same banded iron formation. This band actually travels all the way south down to Hill 50, and that's where you got the, I guess, several multi-million-ounce deposit. We've actually spoken to geologists down there and showed them what we've got on the ground, and they said, "Yeah, this is looking very similar to what they saw at the surface of Hill 50." So their suggestion is just keep on going deeper, but obviously, there'll be multiples of these. So that's why we've got this exploration target in the top 400. Let's tap the top first, and then we can start going deeper with time. So that's the exploration target. So, half a million to 900,000 ounces. Just with the metallurgical test work we did, yeah, 94% recovery, that's pretty good. Then, as I said, 33% gravity gold and rapid leach kinetics. So that's how long does it take to get the gold out of the ore? It's 24 hours. What we did, we mirrored the two closest mills to us, which is Tuckabianna and Checkers in the south. We put our ore through those processing flow sheets. It is proven that it is a classic gravity CIL processing flow sheet, which is classic for the Murchison, and it proved up really well. Probably one thing to note as well, just standard reagent costs as expected. There was no preg-robbing. Also, minimum deleterious elements. They are things that you have to consider when it goes into a tailings pond, and there was minimal in there as well, which is great. Then you look at, well, what is around us? Picture on the left-hand side, Caprice, we are right in the middle, which is South Cue. If you were to think about, well, if this was to go to a mill, where would it go? Well, it can go 20 km to the north to Tuckabianna. It could go 50 km to the south to Checkers. But then there are additional mills, and we are all connected by the Great Northern Highway. When you look at infrastructure, it is not as if we have to build any haul roads or anything like that. If you stood on our mining lease, the Great Northern Highway runs through the western side of the lease. When you stand on that highway, every day, you will see around 200 trucks laden with gold ore traveling up and down that highway, delivering their ore to these mills, Checkers, Tuckers, up to Bluebird and Andy Well. There is significant movement, because around that area are all these pits, just like the Island. You can see on the right-hand side the distances and the mill capacities. A lot of the local mills are actually ramping up, so they have got capital works right now building their capacities up. There is optionality for us. I have talked a lot about the Island Gold Project, but we have got a that is just a small area that we have got. On the left-hand side, those blue blocks, the dark ones, well, they are our additional exploration ground. If you were to rank them, number one would be the Island, number two is Comet, and number three is Cuddingwarra. Number two, Comet, is really interesting. Valiant Gold Mine, they are in there right now. They are actually just about to start production. That, on the middle picture, what we are looking at there is a structural complex, and it is a nose hinge diving to the north. What we see when we have done our mapping, done our geophysics, and there has been historical surface sampling, you can actually see the structure goes from the Valiant Gold Mine area into our area, our exploration tenements. We are quite keen to get into that area and see if there is another structural repeat of the Comet Gold Mine. We have had two highly experienced structural geologists, and they said, "Look, you can either target the nose hinge that dives into your area, which is part of the Comet Gold Mine, but what will be really interesting, where the significant ounces could potentially sit, is your own nose hinge diving to the north." That sits squarely in the Caprice territory. One thing we will do there is, we are doing a heritage survey actually right now. It started on Monday, it will finish on Friday. When we get the heritage report back, then we can look at getting drill rigs over there. Quite excited to get into the Comet ground. That is obviously all on top of what we are doing at the Island Gold Project. Where have we been and where are we going? In 2026, we divested the West Arunta. We are a pure Murchison gold play now. We have also substantially increased our footprint in the Murchison, and now we have delivered 50,000 ounces of gold at high grade. 2027 is not far away now. Christmas is nearly coming. We are going to continue the drilling. Let us really build that resource base up. We have drawn a line in the sand, half a million, let us see where we can get to. Whilst that is all happening behind the scenes, we are doing baseline studies, more metallurgy and permitting. Stepping out on the regional geology, there is Comet and Cuddingwarra. We are looking to deliver updates to the mineral resource. This is just really the final slide. We are not in Central Africa or anything like that. We are on the Great Northern Highway in well-endowed Murchison goldfields. Just the stats on the left. There are the greenstone belts. We have got significant holdings there. I think one thing to look at is the Island Gold Project. We have got the resource on there. That is resource development. Comet, that is exploration, and Cuddingwarra is grassroots. We have got a pipeline of gold projects coming through to ultimately build up Caprice's resource base. All right, that was the final slide. Over to you, Stuart. Luke, thank you. Fantastic presentation. Exciting time for everybody involved in the company and your shareholders. We have had some great questions come in, so we will get straight onto those for you. With local gold producers generating margins of around AUD 3,000 per ounce, how do you think a company like Caprice might be valued by an established producer with a processing mill nearby? Okay. I guess, obviously look at the gold price. It is nudging up to AUD 6,000. We are talking Aussie dollars here. It is nudging up to AUD 6,000. Just looking at Ramelius, Westgold, I think they are making profits around AUD 3,000 per ounce. I guess you could do the rough maths on the back of the cigarette packet, rough maths. I will probably do the maths on that high-grade portion, because if you were to mine this, the first thing you would do is hook out the high grades. That is that 340,000 ounces at 5.6 grams a ton. So 340,000 ounces times AUD 3,000 an ounce, it is substantial. I think that is where, obviously, that is a resource, that is not a reserve. Just a couple of compliance statements there. There has to be a study done on this. But to someone around us, this has significant value. And you've previously mentioned the potential for a Hill 50-style discovery across Caprice Murchison's tenements. Is the team actively pursuing that type of larger discovery, or is the main focus currently on building the resource towards 1 million to 1.5 million ounces? Okay, let me just jump to that slide. So, all right, this one here. So it's actually both. So, we've got half a million in the bag now. We want to get up to 1 million. Well, how do we do that? We're in the same structural and geological units as Hill 50. They managed to get theirs down to, was it 1.6 km? So just here at Vadrians, I'm not sure if you can see my cursor moving. When we was at the Diggers and Dealers conference in Kalgoorlie, people came to our desk that had worked at Hill 50, and they said, "Look, you need to go deeper on Vadrians and continue this thing down." And one interesting thing, one of the senior geologists that had worked at Hill 50, he said- actually go down the center of the banded iron formation to chase the high-grade portion. You've got a much higher chance of snagging it at depth than you have trying to go oblique to it. So anyway, that's future drilling, if you know what I mean. So at the moment, we're trying to snag the top of another Vadrians within the Island. But yeah, so it's both. If we can get a Hill 50, that was significant ounces. But for us, let's see what's at the top first of all. Let's see how many Vadrians we can repeat, and then we can start going to depth. And yeah, we do want to get above 1 million ounces, absolutely. There's another question come in. The high-grade core is an UG target, or is it partially captured by OC shell? Is it a blob of mineralization or in a few places? All right. So the majority sits right here, what we look in this slide right now. So, 95% of that sits within the open pit RPEEE shell, which is just the optimized shell you use to get a resource. But the majority sits within Vadrians, within that open pit. And as you can see, just beneath it, there is some more in there, which sits, I guess, what we are calling underground. But just one thing for when you do these optimizations, the optimized pit is just a standard practice you use to show that it has the potential to be extracted with economic value, which is called the RPEEE. The reality is, if you look at any mine in the Murchison, they do a shallow pit, then they do a portal, and they go straight into an underground. When you are mining these things, you do not want to be creating massive waste dumps or anything like that, because you are actually just chasing this high-grade gold, and it sits within the banded iron formation. So if you were to look at any of the underground operations at Hill 50, Great Fingall, they all dive straight into an underground. And you are mining the face of the ore. You are mining an area that could be anywhere between 7 and 8 meters in width, but they have a strike length as well, but significant grade. And the maiden resource includes 522,000 ounces at 2.6 grams per ton, with 340,000 ounces at 5.8 grams per ton. How important is that higher grade component, and what does it mean for the overall project? Yeah, absolutely. How do you stand yourself apart from everyone else around you? So, you probably see resources come out recently. They are running at 1 gram a ton, super huge open pits. This is a standout. This is a classic, what you see across the road, the old Musgrave ground, which is the Break of Day. Because when you put this dirt into the mill, for every ton, you are getting 5 grams out. Whereas when you look at these 1-gram deposits, every ton, you are only getting 1 gram out. So you can see these things can potentially print money, and they are very valuable to people around you. So if you have got a mine that is close by running at 1 gram, or you have got waste dumps running at 0.5 grams that you cannot really make money on, well, you need a high-grade source to blend it. This is the classic high-grade source that you need. If you imagine you are a loader operator up on the ROM pad, you will have two piles. You have your low grade, so you go and throw five buckets of that in, and then you will throw one bucket of high-grade material in. It goes into the mill, and that is how you make low-grade material. I guess you capitalize on that. These high-grade deposits are very unique, and they are very valuable to other people as well. There was a potential expected larger contribution from Baxter and New Orient. Is this coming as part of the exploration target? Yeah. In there is a very small portion, I think it is less than 1%, sitting behind. We have been drilling there recently, so that is additional ounces that would have to add into this. We took a portion from the surface, but we needed to do additional drilling to get it in. It was just a timing thing, really, for us. There is additional drilling that is required at Baxter and Golconda that sit If you look at this page here, we are looking at Vadrians. It sits behind it into the page. Also over at New Orient on the northern side, which is the right-hand side of the page, there is more work to do there as well. They will just drop into subsequent mineral resource updates in the new year. Does the maiden resource include most of the mineralization identified so far, or are there already areas you have drilled that have not been included in the estimate? Yeah. So there's areas where we've had significant hits, but we couldn't get it in with it. We have to do infill drill. You probably see on this area through here, there's infill drilling required. There's further down plunge drilling at New Orient. I'd say the same at Baxter, Golconda, that we need to re-infill drill to get it into the next resource. That's just a process that we need to go through with the 25,000 meters that we're doing at the moment. And you've outlined an additional exploration target of 500,000 to 900,000 ounces. Where do you see the best opportunities to potentially convert that target into additional resources? Yeah. So, one thing we're doing is, we're trying to target shallower resources at the moment before we go deeper. As I say, we want to go and look deeper at the New Orient. We believe in the gap area, there's a major structure running through the gap, that we want to target. Then, I think there'll be some easy ounces at Baxter-Golconda. Also, the southern side, there's a whole area in here, the southern side of Vadrians that we need to target. You can see this, there's other areas that are starting to form, but we just need to put more holes into it. Yeah, and I think, when we look at the statistics, the grade profiles, and where the gold's sitting, a lot of the gold is actually sitting on the most easterly banded iron formation, which hosts New Orient, Vadrians, and then over to the south, you've got Chicago, and there's a couple of other smaller areas, and Condenser. So, that easterly BIF, there's a priority area there, and that's why we put the exploration target on that area. With approximately 25,000 meters of drilling remaining, how much are we focused on expanding the existing resource versus testing new targets? Yeah, so about 75% will go into because the Island is so hot, we're having significant hits across it. When we hit these lodes, there's significant ounces in them. Once you're on it, you're on it. So, there's quite a large area that we need to cover, so that's why you put your money where you know, where there's smoke, there's fire. Yeah, so a lot of the meters are going to go into expanding the known resources, but also, we need to keep that pipeline alive, hence there's going to be drilling up at Comet once we get the heritage survey done. Because who knows? Sometimes you might have another hot target over there with these structural repeats. You just need to keep that pipeline open, hence the sort of 75/25 ratio. You seem to have gone in hard, assay top cuts, and in addition to that, also distance limited high-grade clamps. It looks tough. Yeah, so, I mean, one thing we did want to do, these Hill 50 style structural breaks, once you're in them, there's significant ounces in grade. You don't want the search optimizer within the modeling software to jump outside of where the actual gold is sitting, so we do tighten it up significantly. I mean, the reason for that is there's geological evidence around us that you have to do that. Yeah, so we have done a strong top cut, pretty well at just with top cuts. Obviously, we've got Rob on the board. They did a significant top cut on the Break of Day deposit. If you take that top cut off, the reconciliation between the resource model and what the ounces they're getting out is pretty much bang on. But really, when you're doing geological modeling, you have to put a top cut on. The nuggets aren't guaranteed, so you cut all those out. History's shown us that the gold is there, so you're always going to see an uptick, if you like, when this actually goes through the mill. Generally, that comes out. We've already seen that in our metallurgy with 33% comes out as nuggety gold. What is the orientation of plunging ore shoots? Yeah. Okay, so there's several phases of mineralization in this one. The one we're really interested in is the classic. When you look at Vadrians, the slide we're looking at the moment, so it sits within the banded iron formations. The banded iron formations are steeply dipping to the west, so near vertical. Inside there, they're almost in Hill 50, they call them rods, but these rods go to depth, and this is where the significant ounces are. In there, they're steeply plunging to the south. Because you've got several orientations in there, I might actually create. Sometimes it's easier to show on a search ellipse, and maybe in subsequent presentations, I could throw it on this presentation so you can see the orientation and the dip and the plunge. Outside Vadrians, which areas across the Island do you see as having the most potential to contribute additional ounces? Yeah, definitely it's the most easterly BIF, hence the exploration target there. Along that easterly BIF, there's actually historical surface workings with names. I had to try and to keep the diagram simple, I had to take quite a few off. I think to the south of Vadrians, there's an area in there that we're looking at very closely, the gap. That's the area that's just never been drilled, but there's structurally from the geophysics, they're showing there's a massive target in there as well. Really, it's that most easterly BIF, and to the north and the south of Vadrians. With establishing gold processing infrastructure in the region, is Caprice starting to consider potential processing or development options, or is growing the resource still the main priority for you? Definitely growing the resource. We don't want to tie ourselves down to anyone, right? That keeps the competition high. As I say, we've drawn a line in the sand at half a million. We want to get to over 1 million. It's probably too early to be signing up any agreements or anything like that. What also adds value behind the scenes is, I'm doing the metallurgy, I'm doing the permitting, clearing permits, dewatering studies. We've already completed the waste rock classification study. There's all these studies you have to do before you kick off a mine. One thing we are looking at is the Mining Development and Closure Proposal. These are long lead items that I actually started some time ago, because I know how long they take. I've now been in production for many years and been through this process. You can do the drilling, which takes up all your capital, and these long lead items are actually low cost, but you just need to start them early. I'm doing that as well. That adds value to the business. That value is only appreciated later on once you've got a decent size resource, and 500,000 ounces is not a bad start. Absolutely. Caprice has discussed the potential to grow the project beyond 1 million ounces. What are the key geological targets or opportunities that could help you achieve that? Right. Obviously continue targeting the banded iron formations. One thing, I'll probably just find the slide, this one. The Island Gold Project sits on a mining lease with historical mining, surface mining. We've actually had the I don't know if you can see my cursor moving. We've actually had the aircore rig on the western half. If you split the mining lease in half, we haven't even targeted the western half. On there, we believe you got the Break of Day stratigraphy. The Break of Day stratigraphy is what hosts the old Musgrave ground, which is what Ramelius is mining right now, and literally it's just over to the left here. That stratigraphy comes through the Island and heads off to the north. Just in the central Island, there's numerous adits and surface workings that are obviously targeting the gold in that area, which does coincide with a major structural break that hosts Vadrians, Baxter, Golconda, Eureka. If you go over into the Break of Day strat, there's even more surface workings over there. We got the aircore rig in there right now pumping holes into that. There's potential significant ounces outside of the banded iron formations. Also, in between, as we've seen, in between the banded iron formations, we've got the mafics. We've seen gold in there. We've had significant hits there as well. But we believe the hits we've had in the mafics is almost like they're the veins that connect the BIFs together. The gold's coming in, it hits the BIF, it drops out gold, then the vein continues through the mafics, it drops out gold as it goes, it hits the next BIF, drops out gold again. So there in the mafics, you're seeing intermediary connections between the BIFs, and that's where gold is there. Yeah, there's multiple areas. As I say, pretty jumping around a little bit there. It's in the mafics, it's in the BIFs, and now we're starting to look at the Break of Day strat on the western side. Luke, that's all the questions that have come through from shareholders today. One from me to finish with. Looking ahead over the next six months, what are the key milestones or announcements shareholders should be watching out for? We'll just continue the drilling. What you're looking for is obviously our assay results as we receive them back. We'll be delivering those to the market, and you can see where we've been intercepting the gold, and you can see where we're going to start adding ounces to the next mineral resource update. Also, we're quite keen to get out onto the Comet area as well, and also stepping out of the Island to the north into the western side. There's a few things going on, but really stepping out. Let's find another Vadrians. Because we find another Vadrians on the Island, that could quickly ramp us up to the next mineral resource update. Luke, thank you. Fantastic presentation, and appreciate you taking part in this Q&A today. As mentioned earlier, a recording of this webinar will be available on Market Open, Caprice Resources communication channels within the next 24 hours. I'd like to thank everybody for attending today and sending through some great questions, and I'll keep you all updated on future webinar opportunities. Luke, I wish you and the team all the very best, and I look forward to chatting again soon. All right, great. Thanks. Thank you, everybody. Have a great day.