It is 10:02. We have 45 people in the room and will just give another minute. People are still coming in. Alrighty. Numbers are flattening off, so I guess we will get started. Thank you everyone for joining us. I hope that everyone can see me and hear me, which I believe they can, and I believe there is a presentation on the screen that says "Finding More Gold Faster Hubinar Presentation May 2025." Hopefully this all goes smoothly. Thank you all for joining. This is our second Hubinar and part of something that we want to roll out at least every quarter on the back of the quarterlies and then also on the back of any sort of significant news or change in strategy or major events. We will continue to get off this hub on our platform, live Q and A, two-way conversations, get in front of our shareholders, answer any questions, and give live updates. Thank you all for joining, and thank you all who submitted questions and answered the polls going into it. Certainly helps us tailor the presentation to the audience. In particular, everyone who said they're signing in are quite familiar with the Dreadnought story. As alluded to last webinar, I'll try and keep this, stop repeating over who we are and background information and all the rest of that, and just focus on getting the updates and answering the questions that people are interested in. With that, we'll get started straight into it with the Star of Mangaroon development. I guess we'll talk about Mangaroon gold project. That's front and center for us here at Dreadnought. We'll break that up into three components. That is the Star of Mangaroon development, adding ounces to that mine production plan, and then finding more gold faster, which is our exploration and discovery. We'll then talk about some of the other projects, of course, talk about the Teck deal, which we're very excited about, and Alara and the critical metals, and wrap up with the Q and A at the end. Getting started with the Mangaroon development, there are lots of questions around this. Since announcing our self-funded explorer strategy back in July of 2024, we've been working steadily and consistently to get the Star of Mangaroon, the resources proven up, metallurgy done, the scoping studies delivered. We have that subscription agreement with Black Cat Syndicate in place looking at that option to go up to Paulsens and use the mill up there. We're currently sitting in the June quarter. Everything is still tracking to plan. We will have the mining proposal and mine closure submissions to the mines department here in just a matter of weeks. We will also be looking. We're currently negotiating the mining haulage and processing agreements, joint venture agreements. We're in negotiation phase of that, hoping to have that cleared out this quarter again as promised and as projected. From the submission of mining proposals and mine closure plan, DME currently estimates 90 days. We expect mining approval and the commencement of mining occurring in the September quarter. Everything remains on track. Our work plan focus for getting the Star of Mangaroon into production is at this exact moment finalizing the proposals and mine closure plans, finalizing the negotiations on the mine haulage and processing agreements, and then commence mining. Once all approvals and agreements are in place, ideally in the September quarter of this year, it will be great to see a pit get developed on the Star of Mangaroon and of course producing free cash flow for Dreadnought and our shareholders. Moving on with that, everything ticking along smoothly for the mine development, our focus has turned towards adding near term production ounces. Star of Mangaroon, nice small high grade resource, certainly has potential to print us significant money, but it has a mine life of 10 to 12 months. If we can extend that by finding more ounces, proving it more ounces on the existing mining leases, we can extend that production to two, three, four years. That would clearly have significant cash flow implications for Dreadnought and our shareholders. We have been looking at that and how they relate to each other. M09175 down here in the corner, this is where Star of Mangaroon is, and in this northern north-south trending soil anomaly, that's Popeye. We have the Lead Mine sitting here, Two Peaks sitting right up here, and then Perchards Well sitting on these mining leases. All this is within around a 5 by 5 kilometer area. That's where the blue dots are, where our most recent drill program was completed here just last month. That was the initial drill program, and we are planning to commence that follow-up drilling May-June 2025 once we get the assay results in. All samples are at the lab, they're churning away through ALS. We should expect those hopefully all in May, and once those are in, we can get back out there and do follow-up drilling at each of those mining leases. Looking through some of the drilling that we've done, looking at the Star of Mangaroon areas that we started, our focus here was adding shallow high-grade ounces within the pit. Looking at this long section over here, this red polygon is the resource that was put out. Of course, the scoping study was based on that. This open pit is the pit that was developed for that scoping study. What we have highlighted here are the historical drill intercepts that were outside that resource but inside the pit. We designed drill programs rotating the rig to hit the lode at the optimal angle. We were quite encouraged by what we saw. We look forward to getting these assay results. If any of these drill holes come off, these will add ounces to that resource. Importantly, those are shallow, high-grade ounces that can bring forward more significant cash flow throughout the mining process. These are quite high-value ounces to add to that resource. It just improves on the already robust economics of the Star of Mangaroon pit. We have also drilled a couple holes as it transitions to the north. Now, based on historical observations and historical work out here at the Star of Mangaroon, as it transfers north, it appears to go off some sort of fault structure and then turns into more stockwork style veining. While the Star of Mangaroon itself was these sort of narrow high grade gold systems, as it got to the north up there, some of the historical holes hit quite broad lower grade mineralization, sort of 20-30 meters thickness. Could that be smoke to a system? Is it stockwork veining? That could be quite interesting. Quite shallow mineralization there as well. We put a few holes in up there to get our first holes up there to get a feel for that mineralization. That could extend the pit to the north as well. We're quite excited by what we saw up there. We'll see how the assays come back before we start celebrating too much. Because it is gold moving down. Popeye also located on the same Star of Mangaroon pit. The schematic here of what the mine infrastructure will look like over the Star of Mangaroon. Popeye sits down here in the southeast corner. What we have down there is historical drilling. Popeye, there was a historical bore sink for water that hit high grade gold. We put the first drill holes into that at the end of last year. Hit 3 meters at 22 from just 13 meters down. Popeye certainly has a chance to turn into another shallow high grade pit within the existing mining lease there at Star of Mangaroon. In this drilling program, you can see little arrows on the blue dots that we have on there. We drilled quite a few different orientations trying to figure out what was controlling that mineralization. Are these east-west veins as it running along? We have this fault offset mafic dike that's running up through here. You see a major fault offset coming through here. Is the mineralization within the dike? We did see veining within that dike, mineralized veining within the dike. We also potentially saw thicker veins developed along the side of that. There is real intense north-south shearing running up and down along that mafic intrusion. Of course, the brittle offsets within that. Are these wings extending up to the west? These holes over here tested, and of course there were some historical trenches over here on the other side, just off the edge of the mining lease where there was some gold in there. We put some holes out there. Any gold that we found outside of here clearly needs additional mining leases and things like that as we progress. Anything within this main trend in here is on that existing mining lease. Popeye, intense alteration, some really attractive looking veining. We're very excited by what we've seen and mapping up and down that intrusion. That is that structure that's running up and down along that mafic dike. All looks very, very exciting. I certainly imagine that we'll be doing more exploration drilling all up and down that mafic dike, which as we saw in some of the previous slides, runs for about 1.8-2 kilometers in strike. I certainly see us doing a lot more work along Popeye. Really nice alteration, really nice veining. We'll see how the assays come back. If we continue to get those nice high-grade gold results, it could be quite significant for us. Very excited about what we saw at Popeye. The other side to that is that follow-up drill program that we have coming up next. Once we have these positive drill intercepts from this drilling, we have two rigs coming up in June. One will be an RC rig to continue extension drilling, follow-up infill drilling, and also a diamond rig which will go in twinning some of these. Any significant intercepts that we get again to help us unlock and understand the structural controls, the orientation of veining, alteration, and the rest. We will be able to move quickly on this, decipher what is controlling the organization, and get stuck into it and get these things converted to resource fairly quickly. Two Peaks. Two Peaks is a historical mine up to the north. This was essentially a drill blast and detect operation. There is a historical mining void that was running sort of to the northeast up along this. It runs up this way for a couple hundred meters. It is around 10-20 meters wide and 5-10 meters deep, depending where you are within the pit. When you go inside the pit, you see a lot of veins that are in the pit walls. When you look at the historical descriptions of Two Peaks when it was being mined and by people who visited it while it was being mined, those interpretations range from east-west veins all the way to north-northwest trending veins. You look at that and the pit is running northeast. Generally, people tended to mine in the orientation that gave them the most gold. Previous drilling that had been done up here by some of the prospectors and previous groups had drilled sort of parallel to these pits, targeting essentially an east-west vein orientation. They were not overly successful. Two explanations for that: is that because it is nuggety gold, because it is quite nuggety drill plastic detect, or is it because that is not quite the optimal orientation or the main control on gold mineralization? What we wanted to do with this drill program was actually look at that and say, if this is plunging, if that is the main orientation of the lodes, it would potentially very easily be going underneath that drilling, dipping underneath the previous drillings. It is only about 20 meters deep. We swung the rigs around, tested underneath the trend of the mineralization, and each of those holes, all three of those holes actually hit quite significant mineralized veins. The mineralization appears associated with a lot of galena, a little bit of copper. Generally, like a lot of these base metal systems that we have, it appears like a lead gold mine, for example, that was originally found by mining for the lead. The gold sort of infills around that, around that lead. Still free gold. We hit some very thick base metal mineralization within some of these holes. Very exciting. Exceeded expectations. We will wait and see how the gold assays come back. We are very excited about what we saw. That interpretation that maybe been drilled the wrong orientation and be dipping under that previous drilling is certainly supported by what we've seen visually. We'll wait to see what we get from the assays. Very excited by that. Two Peaks drilling for Perchards Well, another one that we were quite excited about, this was alluvial gold mining back in the 1990s. I've tried to reach out to the people that started the mine, but haven't gotten a response. I'm not sure if they're still kicking. We have essentially, from what we understand, alluvial gold was produced here. They got to the base of the creek and there was outcropping lodes, quartz free gold in quartz lodes sitting underneath it. Again, with the base metals that we see at a lot of the other prospects, galena tends to be the most common and what we have here. Fox Resources in 2000 came up and drilled a hole, backed up the rig to the lode and drilled a hole towards the northeast and got 3 meters at 10 from 65 meters. These holes were then twinned by prospector Tony Sten who had the ground and did not get as much love. You sit here and go, is this because the gold is nuggeting or was it not quite drilled in the right orientation? One of the things that stood out to us is they backed the rig up to the lode. They are only about five, five meters away from that lode horizon where the workings and diggings are. They hit the lode down at 65 meters depth. To me that said that is either not the lode they were hitting or the lode dipping back the other way. Now we don't know what the downhole trend is on those, but we took the interpretation that the lode that they backed up to and hit at 65 meters depth is not vertical or dipping back down to the southwest, but is probably either vertical or dipping back down back towards the northeast. We took the rigs to the other side of that lode horizon at orientations that hadn't been tested before. All four of those lines intersected the lode dipping to the northeast, a mineralized lode. We don't know if it's gold bearing just yet. Wait for the assays. All eight of those holes all hit a lode horizon that could be traced across the two lines. We are very excited by that. It looks like we have that interpretation is probably holding a bit stronger. Will there be gold in there? We certainly hope so. It certainly put a lot of gold from the surface on it. Again, wait to see how the assays go. Again, very happy with that first drill program to test that orientation. Nice consistent geology and observations and the drilling on the mineralized vents. Again, as always with gold, we'll wait and see how the assays come before we celebrate. Oops, sorry. Clicking the wrong things and then oh, Lead Mine. Sorry, do not have Lead Mine in here. Lead Mine mined by Bob Dorey. Let's go back up real quick. Lead Mine sitting down here. This was mined by Bob Dorey. He's actually been out here since 1979. We're the first company to do a deal with old Bob. He mined the alluvials and went underground. Out there at the Lead Mine, a lot of the Lead Mine was the first area actually gold was discovered in this region. That was essentially Alan McDonald identifying lead to take down to the Northampton lead smelter, which is the government battery, which was built in 1954. In the late 1950s, Alan McDonald went out here to a lead occurrence and took some of that lead down to Northampton. The story goes that when they put it across the battery for the lead, over an ounce per ton gold came out from that lead concentrate. That was the first indication that there was gold out here at Mangaroon. That became more of a gold focus than the lead. Those lead veins that sit there at the Lead Mine are these sort of stacked, flat-lying, shallow-dipping veins. They happen to sit in a structure, a shear structure that runs off here to the northwest, west, northwest, that comes through here, goes past what we call Hudson, past Gilmores and all along this shear structure. What we did was a number of drill holes to test closer to a cross cutting mafic dike that runs through that. We also drilled some of the holes to the north to test the actual shear structure itself. While the lead mineralization is mostly hosted in sort of flat lying, shallow dipping veins, that shear structure, which could be controlling mineralization as well, is quite vertical and dipping down to the southwest. We put some holes into that, different orientations. Quite excited about what we saw, again mineralized veins associated with Galena. We are quite excited to see what those assays come back with. All those assays are at the lab. We should see what is coming up from those here in the next couple of weeks. Going back to our timeline, this is for our strategy of adding near term production ounces. We have shifted this time frame over now. June quarter, this is where we are right now. We completed that first drill program on the mining leases. We expect the assay results hopefully this month. We will then get back up there in the June quarter as soon as we get the assay results and do further drilling on the mining leases following up those drill results. That is diamond and RC, get that framework drilling in place, get those assay results in. In September quarter we are doing a resource drill out pending the results of all that drilling on the mining leases. Also with this program in June, all the diamond drilling and RC samples will be used for metallurgical test work. We expect to get those assay results back in September and then in September, December, with the resource drilling assay results in hand, pending results, get out those initial resources on the mining leases, get the additional studies done and have approvals in place for the March quarter 2026 which will be right in line with the Star of Mangaroon into production. I would like to highlight, there are quite a few things in here that are pending results but I just wanted to paint the picture of should we have success. These are granted mining leases, they did mine gold, so hopefully there is gold on them. Should we be able to hit that with the drill rig, we will have the first round of drilling completed, we'll have a second round of drilling to set the framework, confirm we know the orientation and controls on mineralization, get that diamond core results to help us understand that and also give us material for metallurgical test work and geotech and all the approval materials. Have another resource driven program in September. The nice thing about small high grade gold is they tend to be pretty quick to drill out, have initial resources and then studies and again everything lined up so that we can have mining approvals and get these near term production ounces added to that production profile while the Star of Mangaroon is in production. As our focus is on adding near term production ounces, which you'll see is very busy and a lot of focus for the remainder of this year, moving on to finding more gold faster, now this is our exploration and discovery. This is why we did the most recent capital raise. There's a lot of money in the market to fund gold exploration and instead of just focusing on getting the Star of Mangaroon into production, becoming a self funded explorer and then funneling that money back into exploration and discovery, which is ultimately what drives the share price and market capital company for a junior explorer like ourselves. This has allowed us to bring all that exploration and discovery drilling forward a year to a year and a half to now in parallel with what we're bringing startup Mangaroon into production. It allows us to have more rigs, more drilling, more meters, and hopefully discovery to go with getting free cash flow generation from startup Mangaroon. Recycling some of these slides from previously, talking about underexplored, you know, this is Mangaroon, doesn't have a whole lot of drilling on it. To any other gold region, lots of drilling. How much gold are we going to find out here? There's never a guarantee, but knowing there's a very fertile gold system, we continue to find more gold. It's a very exciting place to put drill holes into. Trying to open up that greenfields to scope this place, historical workings. There's lots of gold that hasn't had any drilling. There's significant cover. This gives us walk up drill targets and also undercover targets to go after with air core. There hasn't been any historical air core drilling out here, so that could be quite, quite successful. Quite a useful tool. Our stream sediment sampling target definition work, generation work, all of this is still going in the background for hoping to finalize a lot of this target generation work. The stream sets this quarter. I'm heading out bush again next week or the week after, and we'll be finalizing getting a lot of these stream sediments done at Borda and the High Range. Of course, our target definition with this next drill program, getting stuck in some of our walk up drill targets at Borda, Minga Bar, and around the Star. Again, looking at some of those targets like Midnight Star, Midday Moon, Cullens. We have Heritage surveys kicking off on those very, very shortly. Get stuck into those and get those, I think, locked in for June. Then we've just completed Heritage over Steve's Reward out at Borda and a few other targets around the Star of Mangaroon and at Borda, the Thug Green. So, very, Frank did a great job working with Thuggery out there on that one, and we're all clear. Looking forward to getting stuck into Steve's Reward and getting into, you know, bringing forward some of these discovery drilling to see what we're actually going to pull out of this. Quite very exciting to see what the discovery drill bit will come with us. Of course as we continue to do more soils and more streams, there will be more targets filling this pipeline. Target generation, that is streams and the geophysical surveys which are ongoing at the moment. We hope to have all that target generation work or the vast majority of it done this quarter. In the background, in between drill programs, delivering those soils with the help of Ozecs and mapping with ourselves out there getting stuck into these targets as we define them and get ready for the drilling. As far as the targets that we already have defined in June, as part of the follow-up drilling on the mining leases, we will also put first drill holes in Steve's Reward and inevitable, we will get those assay results come July, August, September quarter as part of that drill program. Any follow up drilling that Steve's inevitable pending results and our initial drilling at McCarthy's, which is the new mining lease we picked up down at Cobra, Midday Moon, Midnight Star, and Cullens. Depending on the timing of that heritage survey, we might be able to bring some of those forward to the June program. We'll see how that goes. Again, assay results, constant news flow, multiple drill programs, lots of results coming through December quarter, start of that December quarter, follow up drilling on any of those successful programs and potentially any new targets that we define in the meantime. Of course, the assay results, you'll see a gap there. That's when we'll head down to Alara and get stuck into Alara. It gets pretty hot and pretty miserable at Mangaroon and so it'll be a good time to move down to the gold fields. The June quarter started, June quarter 2026 we'll be back up to Mangaroon. Follow up any areas of the air core drilling along the Minga Bar and Edmond faults and of course any RC drilling and hopefully we'll have our targets defined and approved at this stage for the High Range. Very excited for the High Range, it will provide for us some very strong stream sediment anomalies up there and get that initial drilling done up there. One of the things that's really important, I want to pull out to this because we have done the recent capital raises, all these programs are funded. This is all work that we can now commit to and there are a lot of results in here that are pending results but we're going to generate new targets. There's going to be successes, there's going to be some that aren't successful. This is all funded work as part of the CapEx that we have completed. We have a solid year plus in front of us of doing multiple drill programs. Lots of assays, lots of bites in the cherry in addition to getting the Star of Mangaroon into production, which should be well generating cash flow by that time. That work plan focus here, build the pipeline quality targets and drill them, line them up and drill them down. Drill baby, drill. That's what we're here for. This is what's really going to change our fortunes. While we're still at Mangaroon, talk about the Teck farm-in and joint venture. You've heard me repeat myself a lot over the last few months about how we're doing deals in the background. This Teck farm-in took 15 months of going back and forth with Teck. It is a very, very happy day to actually have this put out there and confirm to people I'm not just lying when I say I'm talking about doing deals in the background. This has been 15 months in the working. Very excited. I personally love the Monya Intrusion. It's not a great market to be trying to fund nickel exploration ourselves. To have a partner like Teck come in and work with us to advance this, I'm extremely happy. I'm extremely excited. Andrea and her team there at Teck, technical team, they've been chomping at the bit to get out here since the end of last year. Very excited to work with them and see what comes up from further work out here at the Monya Intrusion. $15 million farm-in. One of the things that's quite important about the Monya Intrusion, it's not a commodity nickel, it's not a nickel play. It's actually copper and nickel. It's a 50% copper and nickel ratio. What you have with that, you have the potential for a project that can stand on its own two feet based on the copper. The nickel gives you that, what does the saying go, nickel makes money once every seven years. It gives you a chance to make the super profits once every seven years. It's an attractive copper and nickel play. We've got a partnership there with Teck. $15 million for them to earn a 75% interest, committed to $1 million in the first 18 months. We'll be meeting with them, I believe next week or the week after to talk through access, boots on ground, see how they can interact with some of our rigs that'll be on site, see if we can finish up that program that was left half finished by First Quantum. I think they have some pretty exciting geophysical surveys planned up as well. Looking forward to working with them, managing all exploration, which allows the much smaller team here at Dreadnought to stay focused on delivering the gold strategy at Mangaroon and MLR. This is strongly aligned with our gold strategy. It's continued low risk exposure and through the base metal potential at the Monya Intrusion. It does not impact any of our key gold prospects, nor does it impact on Dreadnought's capacity to deliver on our drill programs and our work programs focused on gold. Very excited to be working with Teck. Looking forward. Really excited as well to see the Monya Intrusion. After 15 months of negotiations, it is quite cathartic to have that done. Very excited with Teck and hopefully we will see some success, continued success from the Monya Intrusion and some massive sulfides. There is nothing more exciting than seeing massive sulfides in the short rig. This takes us to the Alara gold project, which is also part of our finding more gold, faster exploration and discovery funding that was done on the back of the recent capital raises. The Alara project, quick overview, has been in our portfolios. It is one of our original assets from 2019. However, not much work has been done out here since 2021, start of 2022 when everything became focused at Mangaroon, in particular on the rare earth's incredible metals. We are right next door. We are in a fantastic neighborhood. We are right next door to Mount Ida. Right now you have Delta Lithium, who is currently spinning out the gold assets right there just a couple kilometers away. Next greenstone belt over, or abandoned, who has finally managed to crack the code there and actually is kicking goals left, right, and center, getting those mills filled and printing money. We are in a very good neighborhood. We are right next door to all these very successful explorers and developers, similar to Mangaroon. Again, almost no drilling on Alara. It is probably the least drilled greenstone belt in the Yilgarn. We are extremely excited. There's never been an air core program out here. That's what we've been wanting to do on these tropical core programs since 2019, 2020 when we started. Back then we didn't have the funds to commit to an air core program across the belt. We're extremely excited to get stuck into that later this year. A lot of that groundwork's been done, a lot of the project generation definition work. We have essentially got to get out there and put the drill holes in to the areas we wanted to drill for quite some time. Metzkes Find. We also have the small high-grade resource sitting out there which remains open to the north. Haven't put any open arrows on this one. There is a couple but yeah there's plenty of opportunity to add to Metzkes resource and extend that high grade and we'll be doing that as part of our work programs finding more gold faster over the next couple of months. In the background we'll be reviewing targeting and drill planning and then once we finish up at Mangaroon for the year. Once it gets too hot, we'll migrate back down like gray nomads to the Central Yilgarn. December quarter, the initial air core program across Black Oak, Homestead, Central Alara. Again, been dreaming about this sort of air core program for quite some time. That'll be very, very exciting to see what that pops up. Of course, additional RC drilling at Metzkies and any of the other targets, should we feel they rank high enough, will take place over the air core or any other work as assay results from that over Christmas and the start of next year. First thing next year, while it's still pleasant in Central Yilgarn and still bloody hot and covered in flies up at Mangaroon, we'll start drilling out at Central Yilgarn out at Alara. Follow-up air core drilling, RC drilling, and of course additional assay results. We'll be nonstop at Mangaroon, consistent presence until the end of this year. Our last drill programs this year will be at Alara and our first drill programs next year will be at Alara before getting back up to Mangaroon in the June quarter with the drill rigs doing the exploration. Our work plan focus here is split pretty simple. It's exploration, build a pipeline of targets and drill. That's our strategy here for Alara. I'm very excited to still have that in our portfolio, which takes us to the Gifford Creek complex. There has been lots and lots of talk of critical metals and things like that around the place lately. The chance to sort of talk about the Gifford Creek carbonatite complex, our focus is on gold. We do have this leverage and this opportunity sitting here within our portfolio. The Gifford Creek complex, it's a significant critical metal potential. It's a very large carbonatite complex, one of the largest in the world. We have multiple zones of rare earths, niobium, titanium, phosphate, and scandium mineralization. You see people talking about all those at the moment. We have a lot of them at the Gifford Creek, for example, 12 meters at 320 ppm scandium from 48 meters, 10 at 270. We have 8%, 12% titanium. We have meters out there over 22% titanium and of course 6 meters at a percent zirconium. That's one of the reasons why carbonatite complexes have such a high proportion that actually end up as mines. It's sort of one in ten versus one in a thousand or one in ten thousand for other commodities. There is a lot of critical metal potential at the Gifford Creek type complex. There's a lot of value, a lot of upside, a lot of leverage sitting here for doing a commercial deal or when sentiment changes for a lot of these critical metals, sometimes you see sentiment change but the prices aren't changing. It's not quite reality. We're seeing that for a few metals. Gifford Creek Carbonatite Complex, we had the Stinger discovery somewhat recently. Some fantastic niobium hits, some companies out there putting out the 0.2% niobium resources. We put out exploration targets at over 1% and 0.6% with quite significant tonnages. These are opportunities waiting for commercial opportunities. As we see this return in sentiment towards critical metals, be it the rare earth, the titanium, the niobium, the scandium, the phosphate or whatever else, zirconium, Gifford Creek Carbonatite Complex has a lot to offer and I do not want people to forget about this sitting here and hopefully we can find a commercial outcome that benefits all Dreadnought shareholders for this asset. In summary, hopefully going through some of the more detailed timelines back there finds a bit more detail on what I mean when we put up, we'll continue to put up this work plan summary with our announcements. Star of Mangaroon development, get that agreement done this quarter, approvals, commencement of production second half of the year, continued production through 2026 adding near-term production ounces. The granted mining leases at Star of Mangaroon, Popeye, Perchards Well, Lead Mine, Two Peaks, get those drilled, deliver resources and do studies all pending results, and get the approvals and commencement of production next year. Finding more gold faster at Mangaroon and at Alara. This is where we'll see our team migrate back and forth. We're drilling quite a bit out at Mangaroon for the rest of this year. We'll finish up this year and start next year at Alara drilling Metzki's, Lawrences, and all the air core drilling, and then back up to Mangaroon in the June quarter for High Range additional air core drilling. Lots of drilling, lots of programs, lots of news flow, lots of results, and hopefully of course getting that cash flow into production. Work plan focus number one: get the Star of Mangaroon into production, add ounces, and deliver gold discoveries, and continue to build that pipeline of quality targets for additional discoveries. That takes us to the end of the presentation. Thirty-six minutes, not too horrible, and also thank everyone. We had quite a few last minute polling responses and questions received, so hopefully I got most of them in here. Again, 10:00 A.M. Perth time worked for most of our respondents. We'll continue to target this time for people and the recordings will be made available on the back end. All respondents are somewhat or very familiar with Dreadnought, so I'll continue to keep these hubinars, try and keep it away from repeating myself on some of the background information. The announcements we put out to the market will still have the background information. Shareholders' interest from respondents was, I thought this was quite interesting, was roughly 50-50 regarding their strategy for near-term gold production, which I misspelled, and of course the latest exploration updates and drilling plans. We have about 50%, 50% of our shareholders really want to hear about the gold production and the other 50% really want to hear about exploration. That is good. That is what we are focused on and hopefully I covered off quite a bit of that in this presentation. Our question themes, the timeline for in production. I've covered a lot of that. I'll talk a little bit more about it now. Our reasons for the cap raise. Again, I've spoken to quite a bit of that. Updates on the other projects. I've spoken to part of that. Where is Dreadnought on the Lassonde Curve? I should just have a constant slide for all of our presentations on the Lassonde Curve. That seems to be a repeating question everywhere we go, and of course some questions on our upcoming news flow. Webinar questions timeline. I just stole this, repeated this slide from the last presentation. We remain on track for everything that we've put out since the beginning of announcing the strategy. Everything does remain on track for getting those agreements done and the approvals and commencement of production by the end of this year. Other questions related to that: have we secured the relevant diggers, haulage trucks, labor force, and has the haulage roads been completed from A to B to haul our high-grade gold for mining later this year? We are first wanting to finalize the operational agreements, which we're currently negotiating, prior to locking in any contracts. We've also received numerous quotes and tenders for the work. We do have the quotes and the interest there to get the work done and the quality teams and quality companies to get that work done. The status of appointments of Mining Manager, Project Manager, and manage mining transport and milling contracts, and the status including timing of mining transport and milling contracts. Everything at the moment is still being managed by Alistair from Black Cat and of course with contributions on our side from Stephen Foley. Again, we're wanting to finalize the operational agreements prior to locking in any additional personnel that we may or may not need and negotiating the agreements, several quotes and tenders received for all those aspects. How are the haul mine process agreements, proceeding approvals and commencement of mining, are they still on track? We're in the process negotiating agreements and all approvals commencement remain on track. I guess one of the things we really want is to have the agreements bedded down before we start signing contracts or committing to things if we don't have the agreement in place. We have a very close relationship with Black Cat at the moment and by all means it looks like we're going to finalize an agreement and all this ore is going to end up going through the Paulsens mill. Until such time as those agreements are signed, I'm not going to put all my eggs in one basket and we're going to keep making sure we have all of our options open. We always have to have a plan B, plan C because you never know what's going to happen. For example, if we start signing these haulage agreements and we, for whatever reason, a deal with Black Cat doesn't come through and we end up processing something on site, we've entered into a contract that we're not going to execute. That's why we're waiting to finalize all these operational agreements. Once we have that structure set up for how this ore will be mined, where it's going to go, again by all means Black Cat's a significant shareholder now so we certainly envision all this going to Paulsens, which would certainly love to have the high grade feed coming from the Star of Mangaroon. Once we lock that agreement in and have clarity around that structure for how this will operate, we have all of the tenders and the quotes in for the camps, for the mining, for the haulage, for all the rest of it. Once we have that management structure overarching agreement signed, we will then enter into all those agreements, get any people that we need to help deliver the operation. Until then we're not signing anything, we're not in a rush to sign anything until we have all of our eggs in place. Why the recent capital raises? Hopefully talked about that a bit in here and that really was to allow us to bring forward the exploration discovery, drilling by a year to a year and a half. While mining the Star of Mangaroon provides us with the means to change our future. A major discovery is what will change our future. Mining something small and high grade for 10-12 months is not going to make Dreadnought a billion dollar company. Delivering a major discovery and being able to bring that discovery forward by a year to a year and a half can certainly bring that forward a lot faster. That's what we're here for and we're very, very excited by what this funding position has allowed us to do. As you can see, we have quite an extensive exploration plan ahead of us for the next year, year and a bit. While we get the Star of Mangaroon into production, that extra capital also provides us with the flexibility and a stronger negotiating position for getting these agreements, mine development timelines and negotiations all completed. Share price recovery. Not much of a question, more of a statement. How are we going to get the share price to recover? As we've stated several times, one, get into production and produce cash flow, number two, make a discovery. And three, the free kick, the leverage seat return and sentiment for prices for critical metals. Are you happy with the results we've seen so far? Talked about some of the drilling programs. Yes, the visuals from drilling met or exceeded expectations. But gold is gold and we're waiting for the assays before we pop any saber any champagne. What outside interest is there in our Kimberley project? So we have received some unsolicited inbound interest and companies are currently reviewing. We have not as a company made a decision whether or not to divest the Kimberley at this stage. We remain quite optimistic on the Kimberley, but if a good deal came across, a good partnership or whatever, then we certainly consider that. But we haven't made an official decision. We have not gone out to advertise the Kimberley project to anyone at this stage. But we have received some unsolicited inbound interest. What we got here, share price is heavily leveraged to the rare earth market. What is the outlook for demand and price and what are the main factors to both demand and price? This is almost a loaded question and I think if we listen to all the experts or supposed experts out there, they would all give contradictory comments. Certainly if you listen to Adamus, the neodymium price would be four times higher than it is now. You know, it's kind of a loaded question to ask. The rare earth market is just some things to point out. You know, the rare earth market's even smaller than the lithium markets. What I have to do is look back over the last 10 years of how that supply and demand pricing imbalances has gone through as a mine comes on board, floods the market, market catches up, another mine comes on board, plus the market catches up. These critical metals will be rocky roads because they are historically such small markets. It does not take much production to flood the market and then play catch up. Lithium for the last couple years has been a great example of that. Rare earths are even smaller. I expect to see sort of a similar pathway. I would say the rare earth market is also much more complex than lithium, in particular given the spread of rare earth elements that occur together and the different applications and prices. There are certainly no demand for lanthanum and cerium, but there is infinite demand for dysprosium and terbium. Unfortunately, there is a lot more stream around with all these rare earths and you do not get one without the other. There is a lot more complexity in the rare earth market as well, which adds to demand and price fluctuations. What the market wants is demand. Another important thing that a lot of people seem to not fully appreciate in the news and the rest of it is that the market does not want rare earths, they want rare earth magnets. It is a very big difference, especially to get from rare earth to rare earth magnets is a very long supply chain which is completely controlled by China. There is no material western rare earth manufacturing, and the pricing for earth is completely set by China. Even if you have western mines coming into production, it's still going to go to China to get processed into the materials that end up in the magnets, which are also made by China. I think there's a lot of hoo ha ha about rare earths. There's no shortage of rare earths. There is a shortage of demand for diversification of magnet supply and a lot of that surrounds, you know, where's the demand. Anything that's electronic, anything that requires conversion of physical energy to electric energy or electrical to physical energy requires a rare earth magnet or a magnet, rare earth magnets for more efficient ones. Your EVs, your robotics, your wind turbines, even the, you know, they talk about EVs having big rare earth demand. Even if you took out a rare earth and EV, there is still a lot of rare earth magnets inside a car because your electronic window up and down and your seats moving all around, and essentially they all have rare earth magnets in them. It is really driven by rare earth magnets, not rare earths. Until we see an emergence of a non-China-controlled rare earth processing and rare magnet manufacturing stream, you know, it is going to continue to be set by and controlled by China, so who knows? Look at the things that have sparked most of the price runs that we have seen in rare earths in the past 10-20 years. It has been set by China trying to control things. We will continue to see what happens there as geopolitical events play out. How does the government's recent announcement of strategic critical Mineral Reserve affect Dreadnought near term plan? I probably agree with a lot of Amanda Lacaze on this one, but it does not change our plans for seeking a commercial outcome for the Gifford Creek carbonatite complex. It perhaps will create the incentive for other parties to make attractive propositions that return or provide value for our shareholders. I won't talk too much more about that one. I'll let Amanda continue to fight the good fight there. Please outline here. The Lassonde Curve is always here. Please outline or clarify the stage Dreadnought is at with regard to production. Is it in the very early stage, that is late development, or have we gone into core production and earning cash? State the position in regards to the Lassonde Curve with actual sine curve picture. Also, if we are in early production, why are we still at AUD 0.014? Firstly, we are not in production, so we are hoping to be in production by the end of this year. As I said the last webinar and I have taken this slide, modified the slide from the 2023 presentation that I gave. The Lassonde curve is for discoveries in mineral properties or projects. Companies do not sit on the Lassonde curve. Projects and discoveries sit on Lassonde curves. If you are a single company project then it might seem like you are on the Lassonde curve. If you are a multiple project company like Dreadnought, we have a pipeline of prospects, a pipeline of discoveries. Each one of those is at a different stage of the Lassonde curve and I think that is quite important. Just think about the amazing success that we have seen with Spartan Gascoigne. That was a producer that was up here. Mining goes into receivership and then you have this sort of concept pre-discovery thing sitting 50 meters away from the pit edge, come up and just boom, ramp up and run this thing. What stage was that? Again, it's prospects, discoveries, and projects that sit on the Lassonde curve, not companies. With that said, I'm sure there'd be some debate if people want to get pedantic about some of these things. I had a quick little stab at where things might be sitting. Star of Mangaroon furthest along. Hopefully coming into development at the end of this year. Hopefully coming up out of that trough period, the yin rare earth C3 all got to the top of that and fell to the trough. Then prices tanked and sentiment tanked for rare earths. It's sitting down there in the trough, just rocking back and forth at the moment, and Mesquis is sitting down there. I think we'll see a revitalization of Mesquis by the end of this year and get that going and get that following in the Star of Mangaroon trajectory as well. Moving further back down the Lassonde curve discoveries, things like Stinger, niobium, Orion, Kimberley sitting right here at the early stages of discovery. I've got things like the Monya Intrusion. We have the drill intercepts there, but we don't have multiple in there proving a discovery. I'm a three economic intercept showing scale sort of guide to use the word discovery. Popeye, Perchards, Two Peaks, Lead Mine, McCarthy's. These are all sort of pre-discovery. So discovery's been made, they've mined gold from them, but there's no really drill intercepts in there showing scale. I have all those down there. At that early, early stage discovery phase we hit some good gold there. I think we'll see some good reactions out of that for multiple reasons. Adding the production ounces, who knows what that will turn into. Very, very exciting stuff there. Pre discovery things like Steve's Reward, Midday Moon, Midnight Star. A lot of the stuff with Alara that's in there. That pre discovery phase, that's targets defined, targets being generated. We'll see a lot more. There's a lot more in that space. Just didn't want to fill up the room with all those targets. Of course, the concept stage. This is our sort of camp scale targets. That's the Borda, you know. While Inevitable and Steve's are in Borda, Borda has a lot more to give. There's a lot more to come out of their High Range. I think we'll see a lot of good targets come out of that. The Minga bar, the air core drilling, and of course Alara. We have quite a few prospects all along the Lassonde Curve. We'll fill that pipeline, and anytime we get a major discovery sitting there, that could really, really drive us with Star of Mangaroon and production and everything else. We have multiple drivers, multiple prospects sitting at multiple stages on the Lassonde Curve, probably just continue to have this slide. In all of our presentations, I seem to get asked this all the time. How often will you be publishing announcements this month onwards? Are you doing more scoping studies on the other gold tenements, and will we do more rare drilling? The grants given by government, so newsload should be fairly consistent from this point on. Hopefully some of those more detailed timelines showed that every couple months, or I guess every couple weeks I should say, we'll have quite a few announcements coming through on drill results and commencement of drilling and the rest. We did have quite a few shareholders and institutional funds request less and more meaningful announcements. One per week was probably a bit too much. So probably aiming for probably once a fortnight or as determined by significant results as they come in. Once we confirm significant mineralization and deliver the resources on the mining leases, we will then at that stage undertake the additional studies. At the moment there is no further rare earth drilling being considered at this time. Excellent. That is all of the pre questions that have come through. Rooms filled up a bit more since we started, so I do not know if there are any other questions from anyone. We can open up the chat or see if any other questions come through. Give that a couple minutes. I think it is again thank you everyone for getting on board. We got the first drill program underway. Anxiously awaiting those drill results. We are already planning up that follow up drilling and of course drilling of inevitable Steve's Reward and the rest. As the rest of the year comes through, we have lots and lots of drilling ahead of us. Hopefully some discoveries to be made. The air core drilling of both Mangaroon and Alara I think would be quite game changing. It is the first time these are drilled with air core. Go to any other gold province anywhere in Australia and the places are just absolutely peppered. Who knows what we are going to pop up from that drilling and that is part of the excitement of exploration. We will be defining targets and getting those targets drilled and we are fully funded to deliver all that. Of course, the Star of Mangaroon getting into production is on track, that remains. Approvals are underway, agreements getting finalized, and we remain pretty consistent getting through this for this year. Question from Charlene, our journey up presenting at the Gold Coast this year. We have scaled back on conferences this year, trying to do more hubinars and webinars like this. I am presenting next week at Brisbane at an AusIMM launch with OZIMM. I think that is Wednesday next week we will be presenting there. Trying to target these lower cost conferences. Conferences can be quite pricey and we do have Noosa. We are in for Noosa this year, so in June. Very excited. Thank those guys for letting us in. We will be at Noosa in June and then our third conference for the year will be Kerry's Gold Conference down in Sydney. I believe that is in October. That has given us RIU at the start of the year, Noosa mid year, and Kerry's at the end of the year. I am trying to do a lot more of these Hubinars and get in front of people that does not cost thousands, tens of thousands of dollars like a conference does. We will be over at Brisbane next week and at Noosa in June or July whenever that conference is. Question from Gary. What is the also? Thank you, Charlene, for that. I look forward to seeing you. Hopefully we will see you at Noosa or in Brisbane. Gary, what is the single biggest bottleneck or risk to unlocking the value of our most promising assets? And what would it take to remove it? What is the single biggest bottleneck or risk to unlocking value? Oh Jesus. So many ways to the single biggest bottleneck. Look, in this day and age, risk, there's always technical risk. That's exploration. The single biggest risk is that there, is it not? That's a technical risk. That's what we're in the field of doing to find good targets. We line them up, we get them drilled. What is the single biggest risk, sort of outside the technical risk, you know. To me it's always the social license to operate. It's always approvals. Approvals aren't getting any easier. We have quite a few initiatives that we work. We have great relationships with other native title groups. We're always trying to build on those. We recently started publishing a community newsletter which actually goes out to the pastoralists, the stations, the native title groups, and also the shires. Again, just trying to keep people having that open line of communication. What we're doing, how we're communicating with everyone, how we engage with the stations. You know, it's really a social island to operate. Frank does a great job. I like getting out there with the TOs and getting things done and I think we have some good relationships there. I think, you know, when it comes to the government red tape, green tape, all that tape is always a bottleneck and a risk to anything. What keeps me up at night, anything. It's always approvals. Whether or not something's there, you know, we're chipping gold and getting things drilled. That's the excitement. That's the game. That's what we're here for. There's never technical guarantees, but biggest risk is always approvals. Always 100%. Sorry for the tough question. Much appreciated. No, no, it's something we don't talk about much. We never made a thing to talk about. Approval process, the heritage surveys that we're doing, the relationships, all the environmental work that we do in the background, it's something that's always front of mind for us. It is, you know, our license to operate. We try to view it as a competitive advantage that if we can have good relationships, do the right thing, come to mutually beneficial outcomes, then we can have these approvals and get on with our job. Which is the main risk. Is it there or not? We are here to drill and do everything we can to ensure that we can drill. All right. I do not think there are any other questions coming through. Oh, we got one. Could Stinger be a standalone project by itself? Have you had any discussions lately concerning Stinger and the niobium? Absolutely. From a personal view, I think the critical metals, I would love to see that as a standalone company. I think the rare earths, the critical metals, and niobium could absolutely stand on its own. I think it needs a focus to go forward, but timing has to be right, the people have to be right, and whatever outcome is there has to be beneficial to Dreadnought shareholders. Wanting the project to stand on its own to the detriment of Dreadnought shareholders is not attractive. We will wait and see how that could actually stand alone on itself, find the right partnership. We have had inbound interest on titanium, rare earths, and niobium over the past couple, last month or two, really. There are discussions going on in the background. There are CAs in place, and hopefully they move faster than the 15 months of Teck. There are always discussions going on in the background. I think the Critical Metals could absolutely benefit a lot from having a dedicated team and vehicle and deliver good value. That vehicle and that team and everything would have to be set up in a way that could benefit Dreadnought shareholders. In the meantime, it sits with us and we have more options. We have more control over delivering value for our shareholders when it is under our control. Once that time comes, we'll see what comes from that. Yes, we have quite a bit of inbound interest. That is something that we do actively go out and talk to groups about. Especially with WAILU having recently taken 60% control of Hastings and Gabbana operation, once they figure out what they want to do there, is there a chance to amalgamate and create a Pilbara Altura sort of situation out there? Critical metal powerhouse, who knows? I think they belong together. You know, will corporate decisions and everything else align to the value for all parties? That's where the detail is. I think there is a lot of value in the critical metals at Kiffre Creek. I think it's a fantastic opportunity. Critical metals are challenging and I think it needs the right team and the right people and the right sort of pricing and everything else in place there. I think the niobium, you know, the rare earths really required, if you remember going back to a lot of the analysts always said the incentive price for rare earth projects was AUD 80-AUD 100. Neodymium, I think we're currently sitting around AUD 50, AUD 55, AUD 60 maybe. Whereas the niobium right here, right now could make money. That's a fantastic space. It's a fantastically priced commodity. A lot of things to CBBM and their monopoly pricing of setting the price, but you know, that's. It's a very attractive thing. A lot of the infrastructure that's been bought by Hastings could flotation circuits and processing. It's the exact same as it would be for the niobium. I think there's a lot of value, a lot of opportunities there. I think as the year progresses, we'll see some very interesting corporate and commercial opportunities. All right, anyone else? Any last minute? Right on an hour. Thank you guys for taking an hour out of your days to listen to me ramble on. Hopefully I didn't mumble too much and thank you. We'll look forward to getting the assay results out and I'll see whoever's in Brisbane, might see you at the AusTecs launch, and look forward to seeing you at the next Hubinar.