Good morning, ladies and gentlemen. I welcome you to the 2021 annual general meeting of Deterra Royalties. My name is Jennifer Seabrook, the chair of Deterra Royalties. Our inaugural annual general meeting is being delivered from the traditional lands of the Whadjuk people of the Noongar nation, and I would like to acknowledge them as the traditional custodians and pay our respect to their elders, both past and present. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of this city and this region. I note a quorum is present, and I declare the meeting open. With me here today is our Managing Director, Julian Andrews, and Perth-based Non-Executive Director, Adele Stratton. Due to COVID travel restrictions, our other Non-Executive Directors, Dr. Joanne Warner and Graeme Devlin, are not able to be with us in person today, but are participating by video. Also with us here today are Joint Company Secretaries Ian Gregory and Brendan Ryan. Brendan is also our Chief Financial Officer. In attendance at today's meeting also is Ian Campbell, a Partner of PricewaterhouseCoopers and the Company's External Auditor. Ian will be available to answer any questions shareholders may have on the conduct and content of the 2021 audit and the auditor's report. Rod Somes from the company's share registry, Computershare, and Roger Davies of Deterra's legal advisors, Ashurst, are also in attendance. I will now provide some additional information in relation to today's meeting, which will take about 10 minutes, after which we will move to the formal business of the meeting, which will commence with an address by myself and then by Julian Andrews. Following this, we will pause for questions from shareholders on the matters that are not the subject of the five resolutions to be considered by the meeting. The five resolutions outlined in the notice of meeting will be put to shareholders for their consideration, any questions, and voting. Depending on the number of questions, we expect to conclude proceedings in approximately one hour. This annual general meeting is being conducted as a hybrid meeting, being physically at the Melbourne Hotel in Perth and online via the Lumi Meeting platform. All online attendees can watch and listen to a live webcast of the meeting. In addition, shareholders and proxy holders have the ability to ask questions, either verbally or in writing, and submit their votes online. Further details of the process for the meeting will be outlined when we move to the formal part of the meeting. Firstly, I would like to run through some housekeeping notes. If the fire alarm is activated, the first sound you will hear is the beep-beep sound. Please remain where you are and wait for further instructions. If you hear the whoop-whoop sound and are instructed to evacuate, please calmly walk to the nearest exit and make your way out of the building, assembling at the foot of the bridge in Hay Street, next to the QV1 building. Please note the emergency diagrams in the room, which highlight escape routes. In an emergency, please follow any instructions given to you by the hotel staff. For the benefit of all attending today, I ask that you please turn off your mobile phone or switch it to silent mode. The company released the notice of meeting for today's meeting on the 20th of September 2021, which includes the live webcast details. These outline how shareholders can participate in today's meeting, including instructions on voting and asking questions. The notice of meeting can be viewed on the ASX and Deterra websites, as well as on the Computershare website. There is also a Lumi online meeting guide attached to the notice of meeting and available on the company's website. For those in attendance, the persons entitled to vote on the poll are all shareholders, representatives, and attorneys of shareholders and proxy holders who hold green admission cards. On the reverse of your green admission card is your voting paper and instructions. Proxy holders have attached to their admission card a summary of proxy votes, which detail the voting instructions. By completing the voting paper, you are deemed to have voted in accordance with those instructions. In respect of any open votes a proxy holder may be entitled to cast, you need to mark a box beside the motion to indicate how you wish to cast your open votes. Shareholders also need to mark a box beside the motion to indicate how you wish to cast your votes. After the final resolution, Computershare will collect all green voting cards. Online attendees can submit questions at any time. To ask a question, select the messaging tab at the top of the Lumi platform. At the top of that tab, there is a section for you to type your question. If your question relates to a particular resolution, please identify the resolution number at the start of your question. Once you have finished typing, please hit the arrow symbol to send. Please note that while you can submit questions from now on, I will not address them until the relevant time in the meeting. Please also note that your questions may be moderated, or if we receive multiple questions on the one topic, then they will be amalgamated together. For those shareholders who wish to ask a verbal question, an audio question facility is available during this meeting. To use this service, please pause the broadcast on the Lumi platform and then click on the link using Asking Audio Questions. A new page will open where you will be prompted to enter your name and the topic of your question before being connected. You will listen to the meeting on this page while waiting to ask your question. If you have any issues using this system, please return to the Lumi platform. Finally, due to time constraints, we may not get to answer all of your questions. If this happens, we will answer them in due course via email or by posting responses on our website. Voting today will be conducted by way of a poll on all items of business. Those shareholders present here will be given poll papers to complete, and those online can use the online facility. In order to provide those online with enough time to vote, I will shortly open voting for all resolutions. At that time, if you are eligible to vote at this meeting, a new voting tab will appear. Selecting this tab will bring up a list of resolutions and present you with voting options. To cast your vote, simply select one of the options. There is no need to hit a submit or enter button as the vote is automatically recorded. You have the ability to cast and change your vote on all resolutions up until the time I declare voting closed. In order to provide online attendees with enough time to vote, I now declare voting open on all items of business. The voting tab will soon appear. Please submit your votes at any time. I will give you a warning when I move to close voting. If you experience any difficulties during the meeting, please refer to the Lumi Online meeting guide attached to the notice of meeting and available on the Deterra website. We understand that there is a slight audio delay with the Lumi platform, and as such, we will pause at appropriate junctures to enable any questions to be put to the meeting and for voting to occur. With regard to proxies, these numbers will be displayed on the screen in relation to each resolution. Please note that a number of open proxies have been received for the chair's discretion, and I advise that I will be directing these in favor of each resolution. Ladies and gentlemen, I now turn to the formal matters to be considered today. As I have stated already, all voting today will be conducted by way of a poll on all resolutions. The proxy of votes which have been submitted for each resolution will be shown on the screens at the relevant time. Rod Somes from Computershare has agreed to be the Returning Officer today, and following confirmation by Computershare, final results will be announced to the ASX later today. This release will also be available on the Deterra Royalties website. The formal business will now commence with my address. It has been a very busy year for us at Deterra. It is almost one year to the day since we began trading on the ASX in our own right. When I look back on the past year, clearly there have been a number of significant milestones for Deterra. Most importantly, the company completed its successful demerger from Iluka and commenced trading of its shares on the ASX in October 2020. This was a considerable achievement in a period of substantial global economic disruption, and we would like to thank all the Deterra and Iluka employees and their advisors who contributed to this outcome. We would also like to welcome our new shareholders to the company and thank continuing shareholders for their support through this process. A second important milestone for the company was BHP's announcement in May this year of the completion of the South Flank expansion project at Mining Area C. This marks a meaningful development for the company as it signals a period of significant growth in production from the Mining Area C royalty area as the South Flank mine ramps up to full production over the next three years. Thirdly, we published our inaugural financial results in August this year and declared a final dividend, which combined with the interim dividend declared in February, was in line with our stated dividend policy of paying 100% of net profit after tax, fully franked. Fourthly, we are well aware that Deterra represents a new investment proposition for the Australian investment community, and as a result, we have put considerable focus on educating new and continuing shareholders about who we are and where we are going. As with any demerger, we started with an inherited register, but there has been a gradual but steady evolution, and I'm pleased to see natural owners of Deterra come onto our register or build on their existing positions. Turning now to business performance. Financially, it has been a very pleasing year, with strong performance from our producing royalties. In particular, our cornerstone asset, the Mining Area C royalty, had an outstanding result, generating AUD 140 million of royalty revenue on record production of 59 million dry metric tons, supported by strong iron ore pricing. The scalable nature of the royalty investment business model enabled the business to report underlying EBITDA of AUD 135 million, and net profit after tax of AUD 94 million for the reporting period. Of this, nearly AUD 74 million representing the profit for the period since separation from Iluka was returned to our shareholders by way of fully franked dividends of AUD 0.1397 per share. As I noted a moment ago, the company expects to enter a period of organic growth as the South Flank mine delivers an additional 80 million tons per annum of production capacity over the next three years. This expansion is expected to support growth in production volumes in our portfolio over the medium term. However, we are also actively assessing opportunities to add to our portfolio by making value accretive acquisitions or investments. Our approach in this area is to be patient and disciplined, focused on adding long-term value over time. Our expenditure on these activities add option value to our existing asset base. We are committed to pursuing value sustainably, and in our 2021 annual report, we have outlined our commitment to sustainability in our business and our approach to transparency in reporting on our environmental, social, and governance commitments. This is an area of increasing focus for our business, something that is reflected in our recent decision to establish a Sustainability Committee to guide our activities and an area of focus for me personally as I chair this committee. Although our direct environmental and social impact is minimal, given our small physical footprint, we are indirectly exposed to the environmental, social, and governance risks of the assets in which we invest, and accordingly, have developed a framework that reflects our particular ESG risk exposure. We have also spent a considerable time since our listing, refining our board and committee charters, reviewing accounting policies and risks frameworks, debating our strategy, meeting with owners of existing royalties and prospective mining projects, and educating new and continuing shareholders about our business model. We are confident that we have established a solid platform to support a streamlined but thoughtful governance process going forward. We have also been active in reviewing the remuneration arrangements for our executives as we seek to implement a framework that reflects our particular business model. With the help of expert consultants and external benchmarking, we have adjusted our remuneration structure for the financial year ending 30 June 2022 to provide for a short-term incentive mechanism that addresses the near-term goals of the company and have introduced a minimum shareholding requirement for our key management personnel to provide greater alignment between management and shareholders. In summary, it has been a busy and productive year for the company. With the support of our shareholders, board, and management team, I look forward to the company growing and evolving over time to become a significant contributor to the broader Australian resources landscape. I will now hand over to our Managing Director, Julian Andrews, for his address. Thank you, Jenny. Good morning. The past year has certainly been a busy and exciting time for Deterra as we establish both the company and in many ways, a new proposition for the Australian investment community. Our business model is simple and transparent, with two key pillars built around a core objective to deliver attractive and sustainable returns to our shareholders. First, we are focused on maximizing value from our existing portfolio, and in particular, our core asset, the Mining Area C royalty. The business has been set up to provide our shareholders with a clear line of sight to this value through a small corporate team, modest overheads, and conservative capital structure, together with a target dividend policy of paying 100% of net profit after tax, fully franked to the extent possible. Second, by executing our disciplined growth strategy. We will do this by investing in new royalties that are complementary and value accretive in order to build, over time, a portfolio of royalties that provide strong earnings growth and diversification. A key attraction of this model is that revenue-based royalties provide investors with exposure to commodity price, exploration and production upside, and the potential for earnings and dividends, while limiting exposure to capital and operating expenditure. Two elements of the power of this business model are evident already in our first 12 months of operation. The first is the scalability of the model and the margins it can offer as revenues increase on fixed cost base. This is illustrated in the underlying earnings before interest, tax, and depreciation margins we achieved in the period since demerger, 96%. The second is the option value that royalties can provide through exposure to the potential for expansion of a mine and/or extension of its life. I think there's no better example of this than the Mining Area C royalty itself. We are already benefiting from the more than $3.5 billion US dollar investment that BHP, Mitsui, and Itochu have made at South Flank to more than double production at Mining Area C, all without having to contribute any capital to the project. Our producing royalties performed well this year. In particular, the Mining Area C royalty recorded increased production, as a result of which we received an AUD 2 million capacity payment as part of the overall AUD 140 million revenue generated in the period. Although on a much smaller scale, the Yoongarillup and Wonnerup mineral sands royalties generated revenue through the period of AUD 800,000. In October 2020, mining operations ceased at Yoongarillup, and the site entered a decommissioning and rehabilitation phase. However, the operators of the two mineral sands mines at Yalyalup and Wonnerup North have submitted permitting applications to extend the lives of these assets. Financially, as Jenny noted, the business has also performed well. With corporate costs of AUD 10.1 million, including one-off demerger transaction-related costs of AUD 4.6 million. Underlying EBITDA was AUD 135.5 million. Net profit after tax for the reporting period was AUD 94.3 million, of which AUD 74 million was attributable to Deterra shareholders. Iron ore pricing is a key determinant of our revenue, and late last calendar year, we saw a significant increase in spot pricing. In recent months, these spot prices have declined back to levels consistent with those at the time of demerger, although current prices remain above historic averages. Turning now to the future. In terms of growth, I've spoken many times about the significant volume growth we already have in the portfolio through the Mining Area C royalty. This is a world-class asset. It is low cost and long life, and with significant leverage to the more than doubling in production we expect to see in the next three years as South Flank ramps up to capacity. I note that yesterday, BHP announced production at Mining Area C for the September 2021 quarter of 22.3 million wet metric tons, an increase of 19% on the prior quarter. We benefit from this growth both through the royalty we receive over the increased sales volumes and from the one-off capacity payments based on any increase in achieved production. In addition to this organic growth, we're also actively looking for opportunities to add to our portfolio in a value-accretive way, either through creating new royalties or acquiring existing royalties. The Mining Area C royalty and the organic growth it will provide is a very solid platform on which to base this growth. In particular, it provides us with the time and capacity to employ a disciplined and patient approach to evaluating opportunities. Discipline is a very important part of how we think about growth. For us, that means maintaining a very clear focus on value. That is, an opportunity's ability to generate a return in excess of its cost of capital. While there has been increasing activity and competition in some sectors of the royalty and streaming market, as we see an increasing number of participants entering that market, particularly in commodities such as precious metals, our focus remains on sectors we believe offer greater opportunity for us. Accordingly, our activity to date has been focused on areas where we think we can bring value to transactions, which is more likely to be in the bulk commodities and the base of battery metals. We have been busy looking at opportunities, having reviewed more than 40 in the past 12 months. A sizable number of these can be screened out relatively quickly if they are not a clear fit with our investment target parameters, but we are seeing a number that are worth investigating further. To date, we have not seen sufficient value in any to take to execution, but we continue our activity in that regard. When it comes to funding growth, we will evaluate each funding decision on its merits, having regard to the specific investment opportunity and the circumstances at the time. We will not use Mining Area C cash flow to subsidize an investment that would not otherwise make sense. We are confident that the quality of our portfolio provides us with the balance sheet strength to fund growth as required. As Jenny noted, our ESG framework has also been an area of focus for us since demerger. We recognize both the importance of sustainability to our long-term business and many of our shareholders' interest in this area. I am very pleased to have released our plans in this important area in our recent annual report, outlining our commitment to implementing and providing transparency in reporting our ESG performance and objectives. To date, our focus has been on embedding practices and policies to support our commitments. I am pleased to note that we have taken some important early steps in this regard, committing to net zero direct emissions by the end of this financial year, and applying to become a signatory to the United Nations Global Compact. These will be important in driving our future actions in this area as we prioritize areas identified with the greatest materiality and further enhance our performance disclosures, as well as establish community engagement initiatives. I would also like to join with Jenny in thanking all of the Deterra team that has worked very hard to build the business over the past 12 months, as well as all of our advisors and the Iluka staff who helped implement the demerger successfully. In summary, I am pleased to be able to report to you what is a very simple message. In our first year, we've completed the demerger as planned. The business has performed well financially, which has enabled the directors to deliver on one of the core aspects of the business model by declaring a fully franked dividend equal to 100% of the net profit after tax, we are now fully committed to executing the business model we outlined at the time of demerger. With that, I will hand back to Jenny. Transcripts of both my address and that of the Managing Director are available on the Deterra website and the ASX Market Announcements platform. I note that there is no formal resolutions required to receive and consider the company's financial statements for the period ended 30th June 2021, together with the declaration of the directors, the director's report, and the auditor's report. Are there any questions on Julian's address or mine or the financial statements and reports, including the auditor's report, which shareholders would like to ask at this time, noting that questions which specifically relate to resolutions to be considered later in the meeting will be deferred to that time? When shareholders have a question, could you please state your name and, if relevant, the organization you represent? Firstly, I'd like to ask if there are any questions from the floor. Brendan, are there any questions online? There are no questions, Jen. If there are no, sorry. Just given the fact that pretty much you guys are really just cashing checks, is there any thought of actually going to a quarterly dividend as opposed to just twice yearly? We've been asked that question a number of times, and we're considering it. We've considered it at a number of our board meetings. We want to get into the rhythm of the company's activities before we decide whether we'll go in that direction. Thanks for the question. It is being addressed in our board meetings. Any questions online? No questions online, Jen. If there are no further questions, I will now proceed to the resolutions of the notice of meeting for shareholder consideration. I refer you to resolution one in the notice of the meeting, which relates to the adoption of the remuneration reports. The proxy votes received on this resolution are displayed on the screen. The resolution is that for the purposes of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the remuneration report as contained in the company's report for the financial period ended the 30th of June 2021. This resolution is advisory only and does not bind the company or the directors of the company. Nevertheless, we will take into account the outcome of the vote and any questions raised in considering our remuneration framework in future years. The voting prohibition statement applicable to this resolution is set out in the notice of meeting and is displayed on the screen. I now invite shareholders to comment on or ask any questions they may have on resolution one, and Brendan will let me know if there are any online questions. Are there any questions from shareholders in attendance on this resolution? Brendan, any online? There are no questions on the message board, Jenny. If there are no questions, I put the resolution to the meeting. If you haven't done so, please cast your vote on this item. My own re-election as a director is the subject of the next resolution, I will now invite Non-Executive Director and Chair of the Audit and Risk Committee, Graeme Devlin, to move the next item of business. Thank you, Jenny. I refer you to Resolution 2 of the notice of meeting, which relates to the re-election of Jennifer Seabrook. Details of Jenny's qualifications and experience are set out in the notice of meeting and the 2021 Deterra Royalties Annual Report. Jenny will now address the meeting. Thank you, Graeme. I was appointed to the Deterra board in June 2020, and as chair of Deterra's Nomination and Governance Committee and Sustainability Committee in June 2021. I have served on many boards as a non-executive director over the past 20 years, including listed and unlisted companies and federal and state government corporations. In addition to Deterra, I'm currently on the boards of Australian Rail Track Corporation, BGC Australia, and HBF Health. My previous board appointments include the following. ASX listed companies, Iluka, Iress, and West Australian Newspapers Holdings. Internationally listed companies, MMG and Amcor. Bank of Western Australia Limited, when it became a subsidiary of CBA. Federal Government Export Credit Organization, Export Finance and Insurance Corporation. West Australian Government Corporations, Western Power, Alinta Gas, WA Treasury, and Princess Margaret and King Edward Hospitals. By qualification, I'm a chartered accountant. My executive career included working for Touche Ross, which is now Deloitte, in audit and technical advisory. And for Hartley Poynton, now Euroz Hartleys, HSBC Wardley, and Gresham, undertaking capital markets and investment banking roles. I am a fellow of the Institute of Chartered Accountants of Australia and New Zealand, and of the Australian Institute of Company Directors, and a past member of the Takeovers Panel and ASX External Advisory Panel. I spent my early childhood on a station in the Pilbara, and I have worked for resource companies throughout my career. It has been an honor for me to lead the Deterra board through its first reporting period and its listing on the ASX following the demerger from Iluka. I look forward to continuing to serve our shareholders with your support. Thank you. Thanks, Jenny. The proxy votes received on this resolution are displayed on the screen. The resolution is that for the purpose of Clause 8.1(f) of the Constitution, ASX Listing Rule 14.4, and for all other purposes, Jennifer Seabrook, a director, retires by rotation and being eligible, is re-elected as a director. I now invite shareholders to comment on or ask any questions they may have on Resolution 2. Brendan will let me know of any online questions. Are there any questions on the resolution? Brendan, any online questions? No questions on the message board. Thank you. If there are no more questions, I put the resolution to the meeting. If you haven't already done so, please now cast your vote on this item. I'll now invite Jenny Seabrook to move to the next item of business. Thanks, Jenny. Thanks, Graeme. I refer you to Resolution 3 of the notice of meeting, which relates to the re-election of Adele Stratton. Details of Adele's qualifications and experience are set out in the notice of meeting and the 2021 Deterra Annual Report. Adele will now address the meeting. Thank you, Chair, and good morning, everyone. My name is Adele Stratton, and I am seeking endorsement for election as a non-executive director to the board of Deterra Royalties. I appreciate this opportunity to speak with our shareholders this morning at Deterra's inaugural AGM. I joined the board as a nominee director of Iluka Resources, and as you are well aware, we demerged Deterra last year, and Iluka has retained a 20% shareholding. My career over the past 20 years has been in finance, predominantly in Australia and in the U.K. This includes over 1 decade at Iluka. Since 2018 as Chief Financial Officer and head of development. Prior to Iluka, I worked at KPMG and Rio Tinto Iron Ore. I hold an honors degree from the University of Liverpool in accounting. I am a graduate of the Australian Institute of Company Directors and a fellow chartered accountant. My experience includes, among other things, portfolio development, and that encompasses exploration, project development, and M&A, as well as risk management and investor relations and corporate affairs. I look forward to continuing to contribute to the success of Deterra, and thank you for your support. The proxy votes received on this resolution are displayed on the screen. The resolution is that for the purposes of Clause 8.1(f) of the constitution, ASX Listing Rule 14.4, and for all other purposes, Adele Stratton, a director, retires by rotation, and being eligible, is re-elected as a director. I now invite shareholders to comment on or ask any questions they may have on Resolution 3. Brendan will let me know of any online questions. Are there any questions on this resolution from the floor? Brendan, any online questions? No questions on the resolution, Jen. If there are no questions, I put the resolution to the meeting. If you haven't done so already, please now cast your vote on this item. I will now move to the next item of business. Congratulations. I refer you to Resolution 4 of the notice of meeting, which relates to the grant of securities to the Managing Director and Chief Executive Officer. This item of business asks shareholders to approve the grant of share rights and performance rights to the Managing Director and Chief Executive Officer under the company's executive incentive plan on the terms summarized in the notice of meeting. The proxy votes received on this resolution are displayed on the screen. The resolution is that approval be given for the purposes of ASX Listing Rule 10.14 and for all other purposes for the grant of deferred short-term incentive share rights and long-term incentive performance rights for the financial year ending the 30th of June 2022 to the Managing Director and Chief Executive Officer, Mr. Julian Andrews, under the company's equity incentive plan, including the issue or transfer of shares on the vesting and exercise of those short-term incentive share rights and long-term incentive performance rights on the terms detailed in the explanatory statement accompanying this notice of meeting. The voting exclusion and prohibition statements applicable to this resolution are set out in the notice of meeting and are displayed on the screen. I now invite shareholders to comment on or ask any questions they may have on Resolution 4, and Brendan will let me know of any online questions. Are there any questions on this resolution from the floor? Geoff. I don't know if I need a microphone in this room, Chair. Here we go. Thank you very much. My name's Geoff Read. I'm representing the Australian Shareholders' Association. 60 of our members have given me their proxies to come here today. Thank you, Chair, for your time and your addresses. My question is about the mechanism behind the long-term incentive plan for the CEO. The question is broadly this: We've heard that BHP have increased the tonnage out of Mining Area C in the last quarter by about 19%. We expect that to continue for many quarters into the future until full production's achieved in approximately 2.5, 3 years' time. That's known. We all hope that that goes to plan. It seems to us that if the production increases to schedule, that should increase the share price of Deterra Royalties, and it should increase the earnings per share and thus the TSR of Deterra Royalties. The CEO is remunerated on an increase in share price, discounted for a factor related to the Platts Iron Ore Index, and also on the relative TSR relative to the ASX index. It seems to us that as BHP increase its tonnage, the indicators for the CEO's remuneration will increase, even though the CEO hasn't done anything personally to cause that increase. Is that a correct assumption? Is that part of the design of the plan? That's an incorrect assumption. Oh, thank you. It's an incorrect assumption because there are two measures. The first one is a relative index in relation to the ASX 200. Yes. BHP is part of that index. Deterra needs to outperform 50% of that index for the incentives to start to come into play. Over the period of time since we listed in October 2020, the information in relation to the production that is going to come out of Mining Area C has been known to the market. In fact, that information has been known to the market since 2016. The knowledge that the production was going to come through has been known to the market since it was held by Iluka and since we listed. When we listed, our share price was AUD 5.25 at the height. It was, this morning, AUD 3.94. Even though the reality of the production has come into play, the share price has not increased. Part of the reason why the share price has not increased is due to changes in the iron ore price. The other component of our long-term incentive plan are changes in the iron ore price relative to the changes in our share price. For an individual executive to receive an incentive, they actually have to outperform the iron ore price by 2% at least to be eligible. In none of those circumstances does an increase in production in a quarter generate an incentive unless the individual has been able to educate the market that we are doing more than BHP is doing, or is indicating something that would generate something more than the iron ore price change. Thank you, Chair. I think that the point that we probably disagree on is the weight the market gives to planned capacity increases and the weight the market gives to actual capacity delivered. Thank you for that explanation. I appreciate it. Thank you. Are there any other questions from the floor? Are there any online questions? Yes, Chair. We have one question from Mr. Ben Cambourne. The question, in short, is: Is this a pay increase, and does TFR, STI, LTI, and TR increase? The answer to that is the total remuneration package does increase by the STI component. The STI component is at risk. It is an incentive component, and the scorecards that are relevant to that incentive component were included in the details in the notice of meeting. It is completely at risk. It is a potential increase if those scorecard measures are achieved. Are there any other questions? No further questions. If there are no more questions, I put the resolution to the meeting. If you haven't already done so, please now cast your vote on this item. I will now move to the next item of business. I refer you to Resolution 5 of the notice of meeting, which relates to the appointment of the auditor. The proposed appointment being sought is for PricewaterhouseCoopers, having been duly nominated by a shareholder of the company and having consented in writing, be appointed as auditor of the company on the terms summarized in the notice of meeting. The proxy votes received on this resolution are displayed on the screen. The resolution is that for the purposes of Section 327B(1) of the Corporations Act, and for all other purposes, PricewaterhouseCoopers, having been duly nominated by a shareholder of the company and having consented in writing to act, be appointed as auditor of the company. I now invite shareholders to comment on or ask any questions they may have on Resolution 5, and Brendan will let me know if there are any online questions. Are there any questions on this resolution from the floor? Brendan, any online questions? No questions on the resolution. If there are no questions, I put the resolution to the meeting. If you haven't already done so, please now cast your vote on this item. Lost my last page. Ladies and gentlemen, that concludes all the resolutions to be put to the meeting. I ask that all shareholders complete their voting before I close the poll. I now take it that all shareholders have voted and declare the poll closed. Computershare will now proceed with counting the poll and collating results. Details of the results of the meeting will be posted on both Deterra's website and on the ASX company's announcement platform later today. I would like to thank you all for your attendance and participation in the meeting. As that concludes the business for today's general meeting, I declare the meeting closed. For those in attendance here in Perth, I invite you to join us for refreshments. Thank you.