Thank you for standing by, and welcome to the Gold Road Resources March 2022 quarter results conference call. All participants are in listen-only mode. There will be a presentation followed by a question-and-answer session. If you wish to ask a question via the phone, you will need to press the star key followed by the number one on your telephone keypad. If you have a question online via the webcast, please type your question into the box and click Submit. I would now like to hand the conference over to Mr. Duncan Hughes, Manager of Corporate Development and Investor Relations. Please go ahead. Thank you, Kaylee, and welcome everyone to our March quarterly analyst call. March saw Western Australia finally open its borders. As a result, Western Australia saw rising cases of COVID-19 through March and continued to experience general labor and supply chain challenges. Happily, there was no material impact on production at Gruyere during this quarter, but the risk remains for the mining sector as a whole. March quarterly production showed a further increase on the December quarter. Tracking production progress over the last 12 months shows a strong and steady quarterly increase in produced ounces and head grades, a trend we expect to continue through 2022. Subsequent to the end of this quarter, Gold Road announced a recommended takeover offer of DGO Gold Limited. This acquisition fully aligns with strategy and happily to date, we've received strong support from analysts and investors alike. In the presentation today, we will be referring to the quarterly results slides that can be viewed on the live webcast, our website, or the ASX release. Those on the webcast and on the phone are able to submit a question for us to address at the end of this call. On the call today, we have Duncan Gibbs, Managing Director and CEO, John Mullumby, Chief Financial Officer, Andrew Tyrrell, General Manager of Discovery, and Hayden Bartrop, General Manager of Corporate Development and Company Secretary. I'll now hand over to Duncan Gibbs to talk through our quarterly results in more detail. Thanks, Duncan, and thanks to all for joining us. The March quarter saw an increase in production despite a higher than usual level of planned downtime on the processing plant. 71,135 ounces were produced at Gruyere, the second-highest quarterly production on record. All-in sustaining cost was AUD 1,526 per ounce for the quarter, in line with the previous quarter, and with higher maintenance costs associated with the two scheduled mill shutdowns, of course, balanced against the increase in ounces. Seasonally, we reported no lost time injuries during the quarter, and our 12-month lost time injury frequency rate ended the quarter at 3.3. Our cash and equivalents was AUD 138 million, and Gold Road continues to carry no debt. We've continued to make progress on the exploration front with encouraging signs seen from several targets tested on our 100% owned southern project area at Yamarna. The quarter also saw us release our annual resource and reserve statement, with Gold Road now reporting attributable resources of 4.7 million ounces and attributable reserves of 2.2 million ounces. On the March 28th, we released our annual results, sustainability report, our dividend announcements, and our corporate governance statements. All of these can be reviewed on our website or the ASX platform. As Duncan has already mentioned, on the 4th of April, we announced a recommended takeover for DGO Gold, and this is fully on strategy and offers significant value to both Gold Road and to DGO Gold shareholders. Looking at the quarter in a little more detail, mining continued to advance towards higher-grade areas in the deeper parts of the Stage 2 and now opening up the Stage 3 pit area. This was reflected with the higher average head grade of 1.17 g for the quarter. The rate of ore mining continued to be at an annual equivalent rate in excess of 10 million tons and places us in a very good position to mitigate labor availability and risk associated with COVID-19 and the current market conditions. Processing rates remained high despite the two scheduled plant shutdowns for reloads of both the SAG and the ball mill, both of which were successfully completed during the quarter. Processing costs increased quarter on quarter, in part related to the increased maintenance costs associated with the two shutdowns. The quarterly processing costs are expected to trend lower in the remainder of the year. General and administration costs increased slightly quarter- on- quarter, partly due to the costs associated with managing COVID-19. As a result, our attributable all-in sustaining costs came in at AUD 1,526, the same as it was for the December quarter. Ounces sold were 35,080 ounces of gold on an average price of AUD 2,434 an ounce, reflecting the strong production performance and the higher spot in hedge prices. Delivery into the forward sales was approximately 25% of production quarter. The hedge book continues to shrink, and Gold Road will be hedge-free on December 2022. Our corporate costs, all-in costs for the quarter was AUD 1,834 per ounce. Guidance, we're re-iterating our guidance for 2022 and expect to increase in production at lower all-in sustaining cost per ounce in the coming quarters as a result of higher throughput and grade in the remainder of the year. The charts on this slide show progressive increase in improvement in quarterly production over the last 12 months driven by the improving grades and throughput rates. Gruyere's annual production guidance is unchanged at 300,000-340,000 ounces, or 150,000-170,000 ounces attributable to Gold Road. Our all-in sustaining costs remains as guided at AUD 1,270-AUD 1,470 per ounce. We note that COVID-19 remains a risk to operational performance. However, Gruyere has not been impacted to date, and we've started the June quarter in a solid position. Improving production during the remainder of calendar 2022, and of course into 2023, is per our three-year outlook released early last year. This is driven by increasing grades through the Stage 2 and Stage 3 pits, as illustrated in this image. The grade will continue to pick up through the remainder of the year. This is aligned to our three-year outlook, and we've successfully completed the two shutdowns earlier in the year, which we anticipate will lead to improved reliability and improving plant utilization and improved throughput as the year progresses. The quarter saw us commence stripping of the Stage 4 pit area as scheduled. In 2022, which we'll continue to use or continue to opportunistically use our rehandle fleet, which is normally used to relocate ore from ROM stockpiles to the plant, but we're using that to supplement waste movement at the moment, which brings, of course, forward the costs and material movement from future years. That's all being factored into our all-in sustaining cost guidance for 2022. Bringing forward that movement allows us for greater processing flexibility and also provides us a buffer to the current industry headwinds, including labor availability, supply chain concerns, potential COVID-19-related staffing disruptions to mining activities. If we move on to the next slide, it summarizes Gruyere and Gold Road's resources and reserves position. These numbers reflect the 1 million ounce increase in reserves reported in October 2021 and updated in our annual resource and reserve statement released earlier this quarter. The ore reserve includes 300,000 ounces of reserves at the Golden Highway, located at 25 km to the west of Gruyere. The Gruyere JV exploration efforts in 2022 are set to focus on further definition of these reserves on the Golden Highway trend with the view of to optimize the future mine development in this area and incorporate into the Gruyere production plan. Oxide resources in this area provide potential for blending with the higher fresh rock ores that we see coming into the mine life at Gruyere. If we just turn our mind now to the resources and reserves at the Gruyere pits. Both these long sections show the December 2022 ore reserves as a red line or a more solid red line on the figure, which represents a pit that operates until 2032 and extends to a depth of around about 500 m. The reserve is reported at a gold price of AUD 1,750 per ounce. The long section on the left shows how the Gruyere joint venture has reported those resources of 606.5 million ounces that push a AUD 2,000 per ounce constraint pit shell down to about 800 m. Below that is an underground resource estimated by Gold Road, with an attributable share to Gold Road of 500,000 ounces. On the right-hand side is an alternative way of reporting which we've provided in our statements, that looks at the resources below the base of our reserves as if they were reported as entirely an underground resources below the pit design. However, you look at the longer-term future of Gruyere, either as an expanded and deeper open pit mine from where we are currently sitting or as an underground mine below the reported reserve, there's in excess of 3 million ounces in resources below the current open pit design. Ultimately, we have to work through the future decisions on extending mine life, and that will come down to the economics, the future resource conversion, mining studies, and of course, continued exploration success. On April 4th, Gold Road announced a recommended takeover for DGO Gold Limited. DGO Gold owns a portfolio of prospective exploration and mining assets, which of course includes a 14.4% shareholding in ASX-listed De Grey Mining. De Grey is the owner of the 9-million-ounce Mallina Gold Project in Western Australia. They also hold a 6.6% shareholding in Dacian Gold Limited. Dacian, of course, has the Mt Morgans mine near Laverton. Then there's a 20% interest in Yandal Resources, which is an exploration company focused on the Yandal Greenstone Belt and the Gordons Project just north of the Kanowna Belle operation. As well as that, is the substantial and attractive exploration portfolio, which includes properties in the Pilbara, Yilgarn, Bryah, and Stuart Shelf provinces. The offer of 2.16 Gold Road shares for 1 DGO share opened on the 8th of April and was unanimously recommended by the DGO board. The acquisition of DGO aligns with Gold Road's strategy to invest in higher quality gold projects in Tier 1 jurisdictions. In particular, Gold Road views the substantial shareholding in the owner of a high-quality Hemi gold discovery, combined with their 50% ownership of the Gruyere Gold Mine, is an exciting opportunity to participate in two of the most significant gold discoveries in Western Australia this century. Thank you. I'll now hand over to John, who will take you through the quarterly financial results. Thanks, Duncan. For those of you on the call I haven't met yet, I started as the CFO middle of December last year, and I look forward to meeting hopefully as many of you as possible over the course of this year as the border and travel restrictions continue to ease. It's a pleasure to present today the quarterly financial results, particularly as our cash and cash equivalents has grown to AUD 138 million over the course of the last three months. Which was historically and has always been a very clean and strong balance sheet has strengthened again over the last three months. On this slide, you're seeing a movement in our cash and cash equivalents, which has grown to AUD 138 million over the last three months. It's pretty self-explanatory, but what I will draw and bring to your attention is that in the quarter, we saw a number of significant cash outflows related to prior periods and also adverse working capital movements as well, quarter-on-quarter. In particular, we saw AUD 6.5 million of income tax paid in the quarter, which relates to the last financial year. This was flagged in our December quarterly release. We also saw AUD 10 million of working capital movements, which occurred late in March, which we expect to unwind beneficially in this quarter as well. In particular, we saw almost AUD 3.5 million of gold revenue booked as sales in March, which translated to cash in our accounts in early April. We saw prepayments to suppliers of almost AUD 5 million, that was again late in March, which we won't see again over the course of this year. All up, we expect to see about AUD 10 million of cash flow unwind beneficially in this quarter, giving a nice kicker, a nice kick to what's, which we expect to be a healthy cash flow result. That healthy cash flow we also expect to persist across the rest of the year in line with our growing production profile that Duncan outlined earlier. Just two other minor points that I'll bring to your attention. Our hedge book is in its final stages. It's just under 25,000 ounces. We expect that to be fully extinguished by November. As a result, by December, Gold Road will be fully exposed to the spot gold price. On the March 28th, we were pleased to announce our final dividend for the six months ending December 31st last year. This will be paid on the May 5th. I bring your attention to the fact that Gold Road's been a dividend payer consistently since we declared our maiden dividend in 2020, which occurred just a year and a half after Gruyere poured its first gold. Thank you. I'll now hand you over to Andrew Tyrrell to walk you through our quarterly exploration results. Thanks, John. The discovery team recommenced their exploration activities across the southern project area of the Yamarna project during the quarter, with an emphasis on progressing the priority targets delineated through their work in 2021. On site, we currently have an RC, a diamond rig, and an air core rig in operation and have completed just over 18,000 m for the quarter. The exploration schedule will see an increased number of priority targets tested with RC and diamond as the company increasingly focuses on deeper drill testing beneath numerous regolith gold anomalies and mineralized trends defined by air core and RC in the last six to 12 months. Air core drill testing will also continue across the belt, defining the mineralized structural corridors and providing support for target prioritization and advanced RC diamond drill testing. This approach is consistent with the company's focus on systematic and targeted exploration and is supported by an exploration budget of AUD 30 million allocated to the Discovery project in 2022. As is the case for the exploration sector as a whole, we are seeing increased delays in assay turnaround, with assay turnaround now at about eight weeks. Whilst we have completed a fair bit of drilling during this quarter, we're still awaiting most of the assay results, making it a relatively quiet reporting period for us. In 2021, exploration activities throughout the southern project area highlighted several very encouraging and large areas of regolith anomalism and favorable geology. During the first quarter of 2022, we completed follow-up drilling across several priority prospects, completing a total of 18,149 m. Notable programs for the quarter include: At Gilmore South, we completed an RC program along strike to the south of the 300,000-ounce Gilmore resource. Drilling intersected encouraging geology and alteration. However, assay results from this program are yet to be returned. At Abydos, follow-up RC and diamond drilling was completed, which continued to test that 4 km long regolith anomaly. The bulk of those assays for the March quarter are still pending. However, further results received from drilling completed in late 2021 include 2 m at 5.07 g per ton gold from 180 m and 1 m at 7.94 from 151 m. At Wagyulah, results from RC drilling completed along strike to the northwest of the maiden resource in 2021 were also returned. Drilling intersected an extension of the mineralized horizon to the north for the resource, and recent results include 4 m at 3.79 g per ton gold from 175 m, which also includes internally 2 m at 7.15 g per ton gold. Finally, at Kingston, we completed a diamond drilling program. The holes were designed to test for additional mineralization as well as controls to gold mineralization previously reported in air core hole YMAC2577, which returned 15 m at 1.76 g per ton gold from 28 m last year. Receipt of these assay results are expected in the June quarter. That brings to close the exploration update. I look forward to any additional questions you may have, and I'll now hand it back to Duncan Hughes. Thanks, Andrew. Well, that brings our results presentation to a close. We'll now be very happy to answer any questions, and I'll hand the call back to Kaylee. Thank you. If you wish to ask a question on the phone, please press star one and wait for your name to be announced. If you wish to cancel your request, please press star two. If you're on a speakerphone, please pick up the handset to ask your question. If you have a question online via the webcast, please type your question into the box and click Submit. Once again, that's star one on the phone to register for questions. Your first question comes from Michael Scantlebury with Euroz Hartleys. Please go ahead. Good day, guys. Thanks for the opportunity to ask questions. Just a quick one from me. I was just wondering around about how many days were lost in both the mill relines during the quarter. Obviously, just trying to do that calculation to try and get your kinda run rate and what you're gonna be throughputting in the quarters to come. Yeah, appreciate the information around that. Yeah, look, each major mill reline is about five days. Sure enough. Then maybe just a follow-up one. I appreciate the sensitivity around it, but just appreciate any kind of information you can give us. Were you able to disclose whether you were in discussion with De Grey management prior to your DGO bid? Are you currently in any discussions with De Grey management? No discussions. You know, we haven't had a look at any of their data. You know, there's no intent at this point to have any discussions. We'll see how the bid goes. Appreciate it. Thanks, guys. Thanks again. Once again, if you wish to ask a question on the phone, that's star one. I'll now hand over for online questions. In terms of the questions, our first one comes from Michael. On exploration of your 100% owned ground, where are you most excited about? Yeah, thanks. I can answer that one. We see the Smokebush Shear Zone as a very prospective corridor that trends from the Gilmore Prospect through to Smokebush and down to Earl of Kingston. For us, this, you know, this corridor demonstrates good evidence for mineralization and potential, and this is where we're focusing the bulk of our activities, at least during the first half of 2022. Thanks, Andrew. I have a question from Levi. Can you please update us on the timing of the DGO Gold process and strategy of the De Grey holding thereafter? And secondly, what did your due diligence on De Grey show, and how is it different to De Grey's last study? I'm happy to answer the first question. In terms of the timing of the DGO Gold process, the offer's currently outstanding. It's got a couple of weeks before it closes. We expect, subject to no superior proposal, that we'll receive the directors' acceptances on Friday. But we obviously have the ability to extend the offer at Gold Road's discretion. At this current stage, we've received limited acceptances, but we expect that to pick up, subject to no superior proposal once we receive the directors' acceptances. In terms of the strategy for De Grey, I'll probably pass that on to. Look, in terms of De Grey, we've had no DD as Glenn indicated of De Grey, and we've not been in the conversation with De Grey. We obviously have our own internal view of the valuation of their major properties. I'm not going to get into commenting on the detail of that. But I think if you look at, you know, where De Grey is trading, the price that we've offered is in line with the see-through value of the current market price. Their market price sits below a consensus guidance of the majority of analysts who follow that position. You know, in terms of an investment for Gold Road, we look at it as an attractive opportunity to gain a position into that asset. Obviously, where that goes to in the future depends very much on the offer that we have on the table, which is for DGO Gold. Okay. The next question comes from Ron. At what pit stage does steepening the pit walls have to be done before it's too late as the pit deepens? Well, there's now a total of 7 stages in the pit design, per that illustration that we put up through the slide deck. Stages 1 to 3 were designed on the old parameters. The remaining pit stages have all had elements of redesign. Most particularly, of course, the Stages 6 and 7 really represent the elements of steepening. We are adopting new pit design parameters. Some of those are actually slight flattening in the oxide to get pit wall stability. Partly that relates to going deeper on the pit. I mean, the dominant factors were about 4 degrees slightly steeper overall in the fresh rock slopes. That's part of what helped us drive a deeper pit without a significant step up in strip ratio. The next one is from Andrew. What are the conditions precedent in order to draw on the undrawn debt facility? I imagine there has to be a specific purpose. I'm happy to talk to that. At this point, the condition precedent for a drawdown is really that we're in compliance with the agreement. We've already met the other existing conditions precedent, and we've already previously drawn down on the undrawn debt facility, when we were finalizing the construction of Gruyere. In terms of any specific purpose, there's no specific purpose. It's a general corporate facility. We can use that for, you know, multiple purposes. The main purposes that we've put in place, the facility were for either an acquisition or project development. Next question is from Levi for Andrew. I assume this is in relation to DGO Gold. Have you had time to review the projects and targets? If so, what really caught your eye? Yep. We have had a look at the DGO Gold portfolio. We're obviously in the process of continuing to look at it, and we'll assess it against our portfolio as a whole. They do have some encouraging projects. However, we obviously won't make a call or a comment on that just yet. However, we do see potential in their project portfolio. Thanks, Andrew. A question from Bradley. Are you able to provide any guidance on any further currently planned mill shutdowns for the remainder of the year? We do a reline of the SAG mill about every three months, so expect one of those every quarter approximately. The ball mill is sitting out at about 12 monthly shutdowns. The next one, depending on obviously wear rates, would be early next year. Thanks, Duncan. Got one from Steve. How are you coping with labor cost pressures? Have you got any contingencies in place? Look, I think we've got it fairly well factored into guidance. You know, there's been various strategies put in place, partly around retention, to mitigate sort of high levels of staff turnover. I guess the industry as a whole, some of that flows into costs, but that's built into our guidance parameters. Thanks, Duncan. Another follow on from Levi. In relation to the GOR projects, you've had a chance to review and what's caught your eye in terms of looking- At our existing Gold Road projects? Yes. Obviously, the southern project area, in my eyes, is a very highly prospective area. Within that area, the Smokebush Shear Zone, and we identified that as a really favorable structural corridor. There are a number of prospects that sit within that and along the hanging wall to that regional shear zone. Everything between Kingston or Abydos, which is a third order structure that sits off it, I think is very prospective as well. All the targets that we've been hitting this last quarter, as well as what we'll be testing in the coming quarter, are targets that I see as being our priority ones and some of our best targets that we have. Okay. Thanks everyone for those questions. I'll now just hand back to Kaylee to see if there's anything else on the phones. Thank you. We do have a question from Paul Kaner with Ord Minnett. Please go ahead. Yeah. Hi, Gibbs. Thanks. Thanks for taking my question. Just a quick one from me. You touched on it before on the mill relines. Obviously you had an issue last year when you realized the ball mill wasn't lined properly. Now you've just completed some routine relines. I mean, how many times a year do these relines need to occur, considering the hardness of your rock and the power requirements? And is this higher than other similar operations? Yeah, I think I've kind of picked that up. You know, relines of mills routine practice. The SAG mill, the wear rates we're observing means that we're gonna do the reline about every three months. The reline on the ball mill about every 12 months. You know, over time, we may be able to do some, you know, tuning and optimization of the liner packages, which could extend those out. You know, you get that opportunity to do refinement of your liner designs. The lead time of that obviously is driven by the frequency of the reline. You know, if you look at where the operation is in five years' time, it could have a longer liner life than where we are now. In terms of Gruyere, the you know, liners are not particularly abnormal, life in terms of you know, the duration they're lasting for. No, that's great. Thanks very much. Cheers. We're showing no further questions at this time. I'll now hand back for closing remarks. Thanks very much, Kaylee. Thanks all for your questions and for listening in. I'll just close out with a summary of the quarter. The quarter showed a nice twelve-month trend of increases in throughputs and grades. We expect that trend to continue through 2022. We're well on track for our two-year guidance or two-year outlook, I should say, of growing production to 350,000 ounces per annum. The quarter saw us, you know, build a solid attributable resource base and attributable reserve base, with seeing encouraging signs from our Yamarna exploration ground, but unfortunately, delays in assays mean those results have not yet been received. We're very excited about our takeover offer of DGO Gold, and yeah, optimistic of success there. We continue to be paying dividends. Our balance sheet continues to grow. We look forward to talking to you again, on the back of next quarter's results. Thank you. That does conclude our conference for today. Thank you for participating. You may now disconnect.