Morning, everyone. I believe that we have, or afternoon some places. I believe we've got this up and running, so let's let the room fill up a little bit before I get started. In the meantime, if you have any questions, send them through and I'll get to the questions as we progress through the webinar. A few people still coming in. Looking good. Let's give it one more minute. Thanks, everyone, for joining us today. We'll get started here pretty shortly. Still got a few people coming into the room. All right, that seems to be stabilizing a bit. Welcome, everyone. My name's Dean Tuck. I'm the MD of Dreadnought Resources, and thanks everyone for signing up to our investor hub and joining us today for this June quarter webinar. People may have seen I presented last week at NUSA conferences, the sort of quick pitches and the like. Getting behind, keeping up with our quarterly webinar idea gives us a chance to dive into a bit more detail and also answer any questions that come through. Thanks to the people who submitted some beforehand. I'm sure there'll be a few people putting me on the spot here a bit later on. With that, we'll get started. Now see how I make this work. Yep, there we go. I think that worked, hopefully. Company snapshot. I assume everyone here is fairly familiar with Dreadnought because you're all part of the investor hub and signed up and hopefully keeping track of all the wonderful things that Robin and Dreadnought put out. It's just something to touch on the snapshot here at the moment. For the, I guess, really the first time in Dreadnought's history, we're fully funded with $10 million cash in the bank to deliver quite a bit of exploration and discovery. In that time period, getting the Star of Mangaroon into production, generating some cash flow. We're in a pretty strong position over the last six months. Put us into that. We've had quite a few new people join our top shareholders. Of course, Black Cat Syndicate is sitting there at number two, Hong Kong Casino, Farjoy, all joining the top ranks of our shareholders. Involvement's ticking around and we're very supportive and very happy that they're here. We're quite excited to deliver on the strategy of finding more gold faster. The Dreadnought strategy there is developing the high-grade Star of Mangaroon to generate cash flow. We still continue to progress that. Hopefully have some agreements out to the market soon on that, as soon as we can finalize legals. Add near-term production ounces, generate more cash flow, which I'll talk a little bit about in today's webinar. Finding more gold faster, this is where we are really seeing a lot of shift at the moment. For the next 12 months, in reality, we will be drilling all across Mangaroon and Alara to make that live tangent discovery of a big gold discovery. In the background, we continue to look to commercialize our base metal and critical metal assets. We now have two joint ventures with Teck, the Money Intrusion, the nickel copper PGEs, Bresnahan, which is a copper zinc farm-in with Teck as well. As sort of mentioned earlier this quarter, receiving and arising rare earth and critical metal interests globally, we're starting to get a lot more inbound interest on the Gifford Creek Gabbronorite and the Yen Rare Earth Ironstone Complex. Looking forward to what continues to play out in the background there. Getting stuck in to the Star of Mangaroon. Some of the infill drilling going very well up there. Where Star of Mangaroon currently sits, we have the resource that we delivered, 23,000 ounces at 12.8, all within 100 m of the surface, high-grade open pit. We put out that scope and study at the start of this year, showing that it generates $50 million in free cash flow in the 12-month production. It's a pretty quick hit sort of mine and it generates quite a bit of cash in a short period of time. That max cash drawdown of $10 million, which we had a question earlier on, which I'll answer at the end of the webinar, and then pretty attractive all-in sustaining costs. Our strategy remains to outsource the funding, development, knowledge, and processing of that. However, we're also looking at debt funding for that to keep a larger piece of the pie. Black Cat Syndicate has invested $2 million to date, and we're working closely with them to finalize agreements for the development of the Star of Mangaroon. As we've highlighted before, high grade at surface, it's pretty beautiful rocks. The guys are doing the infill drilling, panning lots of gold. We're looking forward to getting out some good results on that infill grade control drilling. It's got fantastic recovery. As part of all of this drilling, hopefully we'll get out an updated resource. I believe we've added some shallow high-grade ounces, and it will just already improve the economics of this open cut. Bring forward some cash flow as well as putting a few extra ounces in there. Looking at the Star of Mangaroon, I don't know if you guys can see my mouse on this, but inside the pits, we did that extension drilling earlier in the year that was to add shallow ounces. If you look at the long section, the resource sort of blows out at depth, and in the shallow areas, there was a high-grade historical drilling. We put those drill holes up there at the start of the year, extended out some of that outside the resource, and we're now doing infill drilling around that and across the entire resource. Essentially, everything that's within that pit is being infilled to 10 by 10. That's grade control hole for the last drilling before mining commences. We'll look at that drill program. It should be finishing up here in the next week or two. We also put in a few exploration holes down at Popeye. We put in a few extra holes up to the north where we have a nice blowout and some good geochemical anomalism also within the mining lease. Another target is sitting over here, which is right next to that between the dump and the hall road. We'll see how some of that drilling pans out. That batch of drilling, so the batches of drilling from Popeye and the start of Star of Mangaroon and a few of the other exploration holes, are currently at the lab. They were received by the lab last week, and we got notification last night that they're starting to progress through. We're hoping to see that second batch of assays from this drilling in the next couple of weeks. The last, the third, and/or fourth batch of assays should be delivered to the lab once this drill program's completed here in the next week or two. The pathway to production on this, as we announced in July last year, just over 12 months ago, is that we're going to develop on, go down this pathway. We're currently sitting at the infill grade control drilling that's in the pit and then finalizing those mining knowledge and processing agreements. We were hoping to have those mining knowledge and processing agreements done last quarter, but there have been groups that have been quite busy. Legals are going back and forth. Those continue to progress, and we hope to have those finalized here in the coming weeks. We'll have drilling results coming out from the infill drilling, hopefully get an updated resource out and an updated mine plan, pitch and change, but we should get some more ounces in there, hopefully, and some shallower ounces for that as well. Mining approval is expected by the end of the year, with mining commencing as soon as those mining approvals are in hand. Everything is remaining on track to break ground by the end of this year, and we should see the vast majority of cash flow coming into the company throughout 2026. It's sort of a 9 to 12 month operation from once we break ground, probably around three months before cash flow comes in. We expect to see the cash flow run throughout the entirety of 2026. I'm talking about the near-term production ounces. One of the drill programs we put out this quarter was some of the drilling at Pritchard's Lead Mine and Tube Peaks. These were the other granted mining leases around the area. The initial drill programs intersected nuggety gold at Pritchard's, Tube Peaks, Lead Mine, and potentially Popeye. Nuggety gold can be quite frustrating, as we'll talk a little bit about. We see two gold events from the diamond drilling and drilling out at some of these areas. There are going to be two gold events. There's an older gold-only event that we see at Star of Mangaroon. Importantly, Star of Mangaroon was not found by nuggets. It was found by Dolly and Anokra, whereas the other prospects were found essentially by finding prospects or looking for nuggets. The younger event, which is associated with a lot of base and metals, tends to be a lot more nuggety to the point where we're seeing gold with the imprints of galena crystals inside of it. Quite impressive seeing things. With that nuggety gold, which I'll talk about in a minute, nuggety gold is very frustrating, and we've sent some samples off for at least short test work. We're seeing some preliminary results of that starting to come through, and that looks very encouraging. What that means by encouragement is that we can actually get representative assays from standard sampling. We're not looking to create any new novel sort of sampling technique like Nobel Gold had to attempt to do up in the kiln ground. We want to use Leachwell. It's a standard assay technique. We want to do it with standard A and B mags. We're hoping that Leachwell will work for us. It looks like it will, in particular at Pritchard's, which may allow us to go up and revisit these areas and actually show them and see if we can put something together. Talking about nuggety gold from a very sort of basic standpoint, you look at nuggety gold as sort of a sample theory thing because gold's quite rare and can form nuggets. If you have some cool examples here on the map, on the chart that shows a 10 gram nugget at the top within one ton of rock, and the example below that is 10 gram and coarse gold within one ton of rock. It's fewer particles, but it's not one particle. It's multiple particles. You look at 10 grams of gold dust, so it's just super fine gold, like a lot of gold in a lot of gold systems, you know, some 20, 50 microns, and it gets evenly distributed throughout the rock. If you subdivide that, then one of the 10 gram nuggets in it, you get one sample with zero grams, the other sample with 20. If you have coarse gold nuggets, you still get some representativity with the larger samples, and you subdivide those smaller and smaller. If you only have one nugget representing all the gold in that sample, you end up with a bunch of zeros and one that gets extremely high grade. If you have particles, nuggety gold is a continuum. It goes from finding one massive gold nugget within a sample all the way through to that gold dust. It really is a matter of particle size and also sample size. Clifton, in 1956, a classical paper on sample theory and nugget effect, talks about how you want to get sort of, you're targeting around 20 particles of what you're looking for, in this case, gold, into a sample size. Depending on the particle and the grade, it tells you how big of a sample you need. That's where a lot of the work on sample size and sample techniques has come about with Photon, Fire Assay, and Leachwell. There are some examples down there at the bottom. A Fire Assay can be anywhere between 25 and 50 grams. It's not a very large sample. Photon came onto the scene fairly recently and has taken the gold industry by storm. That allows for fairly routine, low consumption, low processing sample prep assays of a half kilo sample. That gives you essentially, you know, there's 10 Fire Assays in every Photon. When we went out to this area, we thought Photon, we use for almost all of our gold projects. Once we do our resource drilling, we do Photons. It gives us better representativity, better repeats, better duplicate performance. When it comes to the more nuggety systems, like we're seeing at Pritchard's, the Photon has proven to not be the best. As we saw in the previous announcement put out this quarter, we did assays on that Pritchard's system. We ran eight Photons. Essentially, you have an A and B bag. Each one's two to three kilos. We split that out into all A and B bag into a bunch of 500 gram samples. There were eight of them that came out from that. We ranged from 0.2 to 36 grams per ton. That's quite a nuggety system, even too nuggety for the larger sample size of the Photon assay. It would have been even worse had we tried to do Fire Assay. Looking at the Leachwell, this is again multiple, again larger than the Photon assay. It's two to three kilos. What we're looking for is the ability to get fairly consistent numbers. We don't want yes and no. We want close to each other. If that's what we're looking for and kind of what we're seeing already, while the Photon assay for Pritchard's gave us 0.2, 0.3, 1, 34 grams per ton, what we're seeing from the, which would average out to about 4.8 grams per ton, if you took all eight of those, I believe, what we're seeing with the Photon assay or the Leachwell assays that we've put out already, we're seeing around five grams per ton for all three samples. If that holds up and once that gets released, that gives us confidence that we can take a simple A bag like we normally would for drilling and submit that for a Leachwell assay and have confidence in the value that's coming out. That's encouraging. That means we can go back with the Leachwell technique and revisit Pritchard's Well. That gives us the ability to find some more gold on existing mining leases and in a second pit for that operation. We're encouraged by that. We'll continue to keep the market updated as those results get finalized. Preliminary results are looking quite encouraging. We look at Tube Peaks. Since we're talking about nuggety gold, Tube Peaks is one that probably is the extreme example of nuggety gold. A bit of history out here. Eric Kempton, who's a pastoralist, is on the Shire board up in Gascoyne for years and years. His whole family owned quite a few stations up in the area. Discovers coarse nuggets with an outcropping bay in the 1980s. Unfortunately, Eric has passed away. We managed to make contact with his wife and met with quite a few people who were operating in the area while he was and made the discovery while he was doing his digging out. Unverified, but what we're told is that after he made his discovery, Sons of Wally was in the region and then they drilled, put some holes into Tube Peaks and got no results. This was extremely discouraging for Eric because he's pulling gold out of the surface, and like I think an ounce nuggets plus on some of these. Sons of Wally did the drilling. Rapid World Company didn't get any results. Everyone encouraged Eric to go after it anyway. We've actually got a hold of Eric's mine plan, mine proposal, which we could submit handwritten nine-page mine proposals these days. Ours is a couple hundred pages long. Essentially, they did a drill blast and no detect operation, and that ran for about eight to almost 10 years. They dug a pit there. It was about 30 to 50 m long, 10, 20 m wide, and about 10 m deep, and the second pit going off to the north there. He produced gold out of there at almost an ounce per ton over an eight to 10-year period. We're at about 2,000 ounces worth of gold. We've been able to verify about half of those ounces based on the submission sheets. Tony Sten drills that prospector before he vents it into us. No assay results. He put about 20 holes in. We've drilled two programs. I think we put about five or six holes into that using the photon assay, hoping that using a larger sample size might allow us to get representative samples out of this system. No love. Tube Peaks is a very nuggety system. It's high confidence the gold is there, but we're not going to try and create new assay techniques to go for this sort of thing. As Paul Shatman suggests, if we wanted to see how much gold was in Tube Peaks, you just dig some up, send it up to Paulsons and see what comes out of the mill. It's a frustrating system. We know the gold's there, but we can't drill it, which means we're not going to spend too much time on it. Pritchard's Well and potentially Lead Mine, Popeye, we believe the Leachwell technique, we might be able to actually get representative samples, which means we can drill it, get assay results, put together a resource, mine plan, and dig that out. Tube Peaks might be taking a back seat for a while. But we believe we're making good progress for some of the other less nuggety systems. That's just a bit of a tidbit on that. It was a very frustrating system. Frustrating results, frustrating drill program because we know the gold's there, but not being able to drill it and get it into assay makes it difficult for a public listed company. With that, we'll move on to exploration and discovery. This is what we'll see, a lot more activity. That's the rig drilling out at Steve's Rewards, taking a picture up on a big trip ridge sitting behind the drilling area. Yeah, quite happy with the way things have gotten off to a good start. We talk about underexplored Mangaroon, 5,000 km2. People tend to like this image a fair bit. Kalgoorlie at the other end of the spectrum. One of the most well-endowed areas is Pilbara Buggery. To look where we put Steve's Rewards and Inevitable Drillings highlighted there on the map, that's out in the middle of nowhere, no drilling anywhere nearby. To get some of those first hits out of Steve's is extremely encouraging. They always want more, always want thicker and higher grade. With that, the soil anomalies extending and getting stronger and better, we're very, very excited to get back out there. Over the past several years of working out at Mangaroon, we've been doing the extreme sediment sampling across 5,000 km2 of landholding. Essentially what that's resulted into now is we have essentially five fairly significant camp scale prospects. Camp scale prospects is where the geochemical lithostructural settings are correct. We have evidence of gold mineralization. You have the potential for multiple deposits. These are sort of the biggest footprint areas you look for in the mineral system and the stream sets. The work we've done today has been trying to highlight where within Mangaroon do we need to focus our efforts. Border, this is a 13 by 7 km stream, golden stream sediment anomaly. Got High Range North, 17 by 5, High Range South, 11 by 4. These are quite large scale anomalies. This is where we're going to start to see a lot more focus on our target generation, target definition work, and of course our drilling. Looking at the soils work that we've done to date, Steve's Rewards, I'd like to point out, you can see a bit on that map. You can see where the soil samples we've collected to date. Black dots are sort of background value, less than five. Around Steve's Reward, we haven't found the edge of that thing yet, and it's got some of the highest value golden soil anomalies values that we've identified to date out here. We're very excited to see Steve's Reward grow. We're also going to get stuck into Midday, Moon, Collins, and Midnight Star as part of this next drill program in addition to following up Steve's Reward. We still have quite a few soils to do, like High Range North, High Range South. We're still finishing up the last bits of that stream sediment survey, which should be done by the end of August. We'll also be commencing soil surveys over High Range North, High Range South, extending the ones at Steve's all throughout August. We're very excited to see what's going to grow and what new targets we're going to have come into our pipeline. Zooming into that gold-filled area, you can see Steve's Reward is already in 2.6 km by about 600 m wide. That's open in all directions, so that sort of exceeded expectations. Early drilling, very encouraging. Like I said, we always want a little bit more, always want more grade, more thickness, but we believe that this is really, really just the beginning. The strongest golden soil anomaly defined to date is sitting 600 m off to the northwest. Looks like we have multiple shears sitting within that, standing on some of those peak that 760 PPB golden soil anomaly. We stood on that. That's essentially sitting on the side of a hill, and as you walk up the hill, you go through this extremely sheared limonite-stained, altered shear zone and then go into the cap of the chert zone sitting just above it. You walk back to another 100 PPB anomaly and you almost see a repeat of that same sheared, highly limonite-stained and altered sediments. We're very, very excited to see what will come from putting drill holes into those. We believe we have multiple structures, so we'll follow up Steve's Reward and we'll also chase the rest of that soil anomaly. As part of that program, we're also finalizing all of the access and approvals with the Buddner. We're coming into the office this week and had a very good survey with them. We anticipate drilling Collins, Midday, Moon, and Midnight Star as part of the next drill program as well. Steve's follow-up and extension, Collins, Midday, Moon, and Midnight Star. If Pritchard’s continues to, the Leachwell shows good progress, we'll probably add in Pritchard’s Well to that drilling program as well. Quite excited. We've got quite a bit of targets to drill out here, and we'll be getting those drilled, probably another two or three drill programs at Mangaroon before the end of this year. That's a lot of drilling and hopefully discovery within that. Hot because once it gets to summertime up at Mangaroon, it's 45 every day, which isn't pleasant when you're sleeping in a swag in a tent. We'll head down to the gold fields where it's slightly better weather. That's where we've got Alara. Alara was a project that we picked up off Newmont in 2019. When we first started, we had a lot of early hits out here. This was the main asset for us prior to making the Orion discovery in 2021 and the rare earths and critical metal run that took us from 2022 all the way through 2024. The last time we worked at Alara, we sort of had a $5 million market cap and never had more than $1 million or $2 million in the bank. On the back of this recent cap raise, thanks to the people at Petra, we got $10 million in the bank. As part of once we finish up drilling at Mangaroon for this year, we're going to head down to Alara and finally do the drill program that Newmont wanted to do before they handed the project over to us. We'll leave one to do since we first got out here, and that's a big aircore program. We've got these major structures sitting right in the center of the belt. They're bending, they're waving, they've got the 15 degree, all these little arm wavy things you want for all the geologists dream of center structures on greenstone belts that bend 10 to 15 degrees and rah, rah, rah, and then opens up the illusion and fluid comes through and all that rest of that stuff. We've got all those things sitting out here. Big structures, good anomaly along those structures where it does daylight, lots of cover, and it's just prime, prime ground for aircore drilling. You look at any other greenstone belts in the area, they've all been drilled at Buggery. Alara is probably the least most underexplored greenstone belt in the entire Yilgarn. We are very, very excited about what Alara will produce. It's classic. You know, it's a Yilgarn greenstone belt. There should be a million ounces of gold sitting there. It's just a matter of us getting out there, getting the work done, and they didn't find it. We're very, very excited. It's got a large-scale project. It's over 60, 80 km long. Like I said, it's an entire greenstone belt. You can see it's next to Delta Lithium's recent spin-out, whatever they call that thing. RN, BrightStar, Ora Banda, all immediately next door to us. We've got a couple of mills nearby. Hopefully we can also make a discovery out here that will justify its own mill. We have the Metzger Find before we move on to things. I don't think that's on the next slide. Nope. Metzger Find is also sitting there. Metzger Find, that's about 15,000 ounces at 6.8. We will be looking to extend Metzger and are also applying for the mining lease there here in the next couple of weeks. We'll start to. The drill program that was commenced by First Quantum before they had to pull out. There's a good chance that we'll finish that program sometime this year, extend some of those holes and see what's down there at depth. They're also putting a lot of work down to the southern area, the southern half of the Money Intrusion, where it wasn't too much work done by First Quantum before they pulled out. That's quite exciting, looking forward to working with Teck. They're great operators. Looking forward to seeing what comes from this. As part of our strategy to focus on gold, we now got a major international partner to carry that risk with us going forward. Hopefully make that copper and nickel discovery. Gifford Creek Gabbronorite Complex. Gabbronorites, just the things that if you want critical metals, get yourself a Gabbronorite. They have a bit of everything. We've, of course, got the, this is what took us to the moon and back. At one stage, and that was a half billion dollar market cap. That was on the back of the Yen Rare Earth Ironstone Complex. As goes with these small commodities, like lithium's gone through quite a bit over the last 10 years, they can have some massive swings and peaks and troughs along the way. We've had a massive peak and we're coming out of hopefully a massive trough. That Yen Rare Earth Ironstone Complex, that sits there at study ready. It's sitting right next door to what was Hastings and it's now Wyloo. They've just taken control of Yangibana. We have the other half of the Ironstone Complex, which would be an extreme value add to amalgamate that area. We've also got beyond the Ironstones, we have, of course, the Gifford Creek Gabbronorite, which is the source intrusion for that region, which has more than just rare earths. It also has some spectacular niobium, phosphate, scandium, titanium, and zirconium. We put out a proven, not proven, niobium mineralization. We put out a niobium exploration target on that in the last couple of months. Due to the inbound interest, we got some EIS-supported drilling. We've just completed drilling four diamond holes down there, and we got PQ through most of it. PXQ did a great job for us to smash that drill program out. We've got about 1,000 m of material, oxide in four holes, fresh in two, to see what mineralogy work and metallurgical work we can get stuck into on that. Very excited to start seeing some inbound interest on the Gifford Creek Gabbronorite and the Yen Rare Earth Ironstone Complex. We will continue to look for ways to partner with someone to really help unlock the value of this so that we can stay focused on the gold. Finding more gold faster strategy stays the same as it has for the last 12 months. Develop the high-grade Star of Mangaroon and generate cash flow, getting closer and closer to that. Add short-term production ounces to generate more cash flow. We believe we've added short-term production ounces at the Star. Hopefully, with improved assay techniques at Leachwell, we can continue to pursue items, opportunities like Pritchard’s and Popeye. Generating defined targets for discovery, this is where we're going to see a lot of work for Dreadnought for the next 12 months. It is going to be exploration, discovery, discovery, discovery, lots of drilling, looking to make that life-changing discovery at Mangaroon and Alara. In the background, continue to commercialize the base metal and critical metal assets. Find the right partners to carry those forward. Free options for our shareholders on those critical metals and base metal assets as we focus on the gold. Work plan summary. As I just spoke to, you'll see us at Mangaroon until it starts getting too hot. We'll head down to Alara for the nice summer break and drill away at our Alara project before migrating back up to Mangaroon and chasing Mark there, or staying at Alara if we're onto a big discovery there. We'll wait and see what next year brings. For now, get into Star of Mangaroon in production. Lots of exploration at Mangaroon. Finish the year and start next year at Alara and then see where we go from there as we get into production and generate cash flow. With that, feel free to send through some questions. I've got a few questions that were submitted beforehand and I think there's, oh, there it is. Yeah, I can see questions now. If you have any questions, send them through. Here's a question. Given the scoping study shows $10 million max cash drawdown for the Star of Mangaroon and with 3.77 billion shares already on issue, can you provide specific details on how you plan to fund production without excessive dilution? Will this come from debt facilities, further equity raises, or revenue-sharing agreements with Black Cat Syndicate? There are two questions here I'd like to address. Firstly, shares on issue and dilution. We actually have 5 billion shares on issue. We started with 1 billion shares in 2019. We get questions a lot about shares on issue, both from people concerned that we have too many and the other side, people concerned that we're going to do a consolidation. We're not going to do a consolidation. Too many people don't like that. I'd like to comment here that had we gone from 10 million to 50 million shares on issue or even 100 million to 500 million shares on issue, no one would notice and no one would care. We have not massively diluted the share base. We've gone from one to five. It looks, yeah, looks bad. We've got 5 billion shares on issue. Hopefully with income coming in, some deals getting done, we can take care of that in other ways. Excessive dilution comes from issuing too many shares at a low price. Traditionally, Dreadnought has done multiple small raises to control this. We do a bit of raise. We started at a $3 million market cap of $0.0003, $0.0003, sorry. We did a lot of small raises because that's all we could do. To get some success, get the value up and do a lot of small raises. People complained when we were doing that because we're always come raise. We're not going to please everyone. We have 5 billion shares on issue. We have no plans to do a consolidation. We don't believe we've blown out the share capital because we've gone from one to five. I just want to comment on those things because that always gets brought up. Funding Star of Mangaroon development, the two things that we're pursuing at the moment, the default has always been the revenue-sharing joint venture, which will most likely be with Black Cat Syndicate. We've had some group come up recently looking at providing debt facilities for that. We are tossing those two ideas together and we'll see which one comes out on top in regards to risk and also best outcome for our shareholders. We don't see doing a further equity raise to develop the Star of Mangaroon. Next question. Will you be extending the rare earth drilling acreage? You only did 40K in length. The deeper you drill downwards, it's finger fresh. You will have more surprise finds, much better grade. The rock will be surprisingly well preserved and softer. Good luck. Thank you. The bulk of the current funds we raised is to pursue the gold strategy and that's where the funding will go. We are looking for commercial partners to help take the critical metals forward. Otherwise, if we, in the absence of finding a good commercial outcome, allocating funds that we generate from the Star of Mangaroon towards the critical metals might be something that we pursue, depending on how it stacks up against gold opportunities and if we have commercial partners in place. The $10 million that we have in hand right now was to pursue the gold strategy. That money will be used for the gold strategy. Unless we get a partner in or start churning around cash, we can look at how we fund the critical metals at that point. The rare earth upside, good comments on there. There's lots of rare earth ironstone targets that remain undrilled. There's lots of exploration upside. We also have rare earth intercepts within the Gifford Creek Gabbronorite, which we recently put out. As the Gifford Creek Gabbronorites and the ironstones are not fully drilled, there's potential new areas of mineralization to add to that. There's plenty of rare earth upside within the region, both on our ground and Yangabana talks about that as well. Stinger, so Stinger's current target there is the niobium. It's got a few other critical metals in there. Niobium is the focus. We're currently drilling that metallurgical and malurgical hole that is EIS supported. That also falls in the strategy of helping to attract the best commercial outcome for that project. That is why we've allocated funds for that drill. We do not plan to do any more exploration on the rare earth and critical metals with the current funding in place. Hopefully, we'll have a commercial partner to help take that forward. Otherwise, when we generate our own cash, we may revisit it then. As the price of gold is on the up in value, has there been any interest of similar companies or far larger in a possible takeover? Or is it a little premature at this stage as DRE is still in its discovery stage? Great question. We've had that a couple of the last couple of weeks. For gold, I would say it's premature as we are, as you said, we're still in the discovery phase. Given the market and our landholding, there are companies watching and things would move quickly on a discovery. I'd like to point out here that board and management still have a blocking stake of actually it's supposed to be greater than 10%. I'm just dyslexic. It's, yeah, we still have a blocking stake of board and management. It would be difficult for anyone to go hostile. Our critical metals, I would like to point out from a takeover perspective, our critical metals were once multiples more than we are now. In a rising rare earth and critical metal market, I would see these assets as the reason for potential takeover. When you look at the gold, yes, we're premature. We're doing the discovery. People are watching and everything else that goes on there. If people are looking at takeovers, they're looking at something that's on sale. If we were once $500 million in the back of the rare earth and now we're $50 million, $60 million, that's sort of the asset that people look at for takeovers. That's what we are concerned about or keeping an eye on. Those are some of the discussions that we're having. There's a lot of interest in those critical metals for some of those reasons. Where do you see the share price in the next 6 to 12 months' time? Always a classic question. My crystal ball's as good as yours. Having said that, I would not have been able to raise funds if I or the people investing did not see it going higher. Is it going to be 10% higher, 100% higher, 1,000% higher? It depends on the drilling. I will say on that, after two and a half years of pain and suffering, the gold production and cash flow from Star of Mangaroon is getting closer. That should be within reach. Exploration, discovery, we've got early hits of Steves. We're fully funded to deliver the next 12 months of discovery-focused drilling. Every crack at that, every chance of a lifetime discovery you can ask for, line up the targets and drill them down. Of course, what's always been sitting there in the background, things that we had no control over, we're starting to see a lot of that rising rare earth sentiment increasing, the critical metal sentiment increasing. We think the combination of those three things are starting to go our way. Hopefully, like I said, we would have been able to raise the funds that we had if we didn't see it going higher. I think those are the questions I received. I got a question here from Joseph. The market continues to value DRE fairly poorly. Thanks. I believe the same. What are your predictions for the next 6 to 12 months? I think we just answered that one, Joseph. Yes, now if you look at the sum of the parts, I think we're starting to get to the point where we're certainly worth a lot more than a market cap. The cash flow from Star of Mangaroon should support it of itself. Rare earths continue to rise. If you get one tin for a US for a guaranteed neodymium price, then all of a sudden Hastings and these other options look really, really good. Things will hopefully start to come around. When they do, they might move quickly. I got a question from Glynn. If I may ask, have you had any discussions with Teck regarding the Kimberley? Teck and the Kimberley. When I first started speaking with Teck, it was a 14-month discussion. When I first started speaking with Teck two RIUs ago, we did go through and talk about the Kimberley. The interest was at that stage they wanted copper with nickel exposure. The Money Intrusion was the big one. I happened to have a bunch of ground next to us at Pritchard’s Well. Both of those were quite natural early discussions. We do have some other groups looking at the Kimberley and having some chats there. We still haven't decided what we want to do with the Kimberley. It is copper and also gold. It does sort of fit in. Once we, again, similar to the Gifford Creek Gabbronorite complex, once we start generating our own funds, if we can't find a commercial partner in the meantime, once we generate our own funds, we'd probably go back up and give that a crack. That's the only questions I've got at the moment. If there's any others, oh, here we go. Marcel, where do you see DRE heading in 12 months? What are your expectations? All right, that's probably a little way of framing that question. In the next 12 months, I see Dreadnought wrapping up right in the midst of generating significant cash flow. I hope that we can use some of that cash to clean up our corporate structure through probably share buyback or dividends or whatever. Being fully funded to continue delivering on our discoveries at that stage within 12 months, I hope that we have a discovery well in hand and we're in the phase of drilling that discovery out. In 12 months' time, generating cash flow from the Star of Mangaroon, discovery delivered, corporate structure being returning some funds to our shareholders and getting stuck into that big discovery. I think we had a late question, which I didn't add to this, about how does a share buyback work? That is if the company is sitting on lots of money, we can allocate $10 million of that cash to buy shares on market and essentially extinguish those shares. What a share buyback is, is a company using cash that it's generated, or in Lomcat's case, cash that it raised, to actually buy back shares and remove them from the market. It's like, and essentially you buy, the company buys the shares off shareholders. It's a way of increasing the share price and reducing the shares on issue, having to do a consolidation, which everyone hates because they don't tend to do it very well. I believe that question was from Goldfinger. Thank you, Goldfinger. There's no other questions. We can wrap up the quarterly. Thanks everyone for paying attention. We'll continue to do our quarterly webinar. Of course, if we do have any big or significant news, in the meantime, we can throw in a webinar on the back of that as well as questions come through. If there's lots of questions or uncertainty or excitement from shareholders, we can throw together another webinar. In the meantime, we'll continue to do at least one a quarter. Next week, we'll be out at Diggers, walking around, flashing the old A3s and giant to a few people. Chappi's went straight back up to site, so he's finished up the drill program with Frank. We're looking forward to getting out our drill results, getting out the agreements and progress in the Star of Mangaroon, and looking forward to making that big discovery. Thank you all for joining us. As always, send questions through the Investor Hub. All the announcements, anything it is, try to answer all of them. Greatly, greatly appreciate everyone's support. Anyway, my.