Thank you for standing by, and welcome to the Gold Road Resources June 2022 quarter results call. All participants are in a 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 wish to ask a question via the webcast, please enter it into the Ask a Question box and click Submit. I would now like to hand the conference over to Mr. Duncan Hughes, Manager, Corporate Development and Investor Relations. Please go ahead. Thank you, Harmony, and welcome everyone to our June quarterly analyst call. The June quarter was a record quarter. During the quarter, Gruyere beat production, head grade, mine grade, and throughput records. As a result, Gold Road reported record gold sales during the quarter and generated record free cash flow, ending the quarter with record net cash and equivalents. Lots of records in line with our guidance for 2022. This was achieved in a time when almost every sector, not just the mining sector, is experiencing significant challenges and cost pressures. The quarter also saw the successful completion of the DGO Gold takeover. Gold Road is excited about the quality of its exploration investment portfolio. This portfolio has exposure to two of the best Western Australian gold discoveries this century. 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, and Hayden Bartrop, General Manager, Corporate Development and Company Secretary. I'll now hand over to Duncan Gibbs to talk through our quarterly results in a little more detail. Thanks, Duncan, and thanks to everybody for joining us. As Duncan has said, June quarter saw record gold production as a result of the higher production, a healthy quarter-on-quarter reduction in all-in sustaining costs per ounce. We produced 85,676 oz at Gruyere, as pre-reported in early July. All-in sustaining costs was AUD 1,250/oz for the quarter, down from AUD 1,526/oz in the previous two quarters. Our cash and equivalents lifted to AUD 161 million, and Gold Road continues to carry no debt. The record production sales resulted in record free cash flow for the quarter of AUD 43.6 million. The quarter also saw us successfully complete the takeover of DGO Gold. We continue to make progress on the exploration front. Remain focused on delivering a meaningful discovery from the expanded exploration portfolio, in part delivered from the DGO acquisition. Pleasingly, we continue to operate safely and reported no lost time injuries during the quarter, and our 12-month lost time injury frequency rate got further to 2.6. Looking at the quarter in a little more detail. Mining continued to advance into the higher grade areas in Stage 2 and 3 pits. This was reflected in the higher mine head grade of 1.19 g per tonne gold for the quarter. Processing rates and head grades were at record highs, and throughput benefited from much higher plant availability this quarter due to reduced both scheduled and unscheduled maintenance downtime. Plant head grade increased to 1.22 g per ton. The total mining cash cost increased quarter- on- quarter, in part due to the inflationary cost pressures, including diesel costs. The processing costs were lower, principally due to lower maintenance costs in the quarter. Our general and administration costs increased quarter- on- quarter, partly due to costs associated with managing COVID-19. As a result of increased gold production, our attributable all-in sustaining cost per ounce came in lower quarter- on- quarter at AUD 1,215 per ounce. Our corporate all-in costs were AUD 1,600, which I expect is one of the lowest compared to the majority of our peers. Ounces sold were at record highs of 44,526 oz, an average price of AUD 2,496 per ounce, which reflects our stronger gold production performance and a higher proportion of these sales to spot and of course, a fairly strong gold price. The charts on this slide illustrate the continuing and improving trend as we outlined last quarter, with impressive improvement in quarterly production over the last 12 months, driven by improving grades and improving plant throughput. The trend for all-in sustaining cost per ounce is moving down as guided on the back of this improved production. Full year 2022 production guidance remains unchanged at 300,000-340,000 oz or 150,000-170,000 oz attributable. Our all-in sustaining costs remains as guided between $1,270/oz and $1,470/oz. COVID, of course, remains a risk to operational performance. Like most of the sector, we've seen significant impacts on availability of our workforce with COVID case numbers, but pleasingly, there's been no material impact on our gold production. I'll now hand over to John to take you through the financial results. Thanks, Duncan. It's a treat to be on the call here today to talk to you about our financial results. They were particularly strong for the quarter, and as a result, the key outcome you'll see is that our cash and cash equivalents has risen to just over AUD 161 million as at 30th of June. You'll see on this screen the usual cash flow waterfall summarizing some of the key movements in our cash flows across the quarter. It's just taking you through the operational drivers and outcomes. I won't go back over that again. Just some key points of note. Our free cash flow for the quarter was just under AUD 44 million. Three key things I'd like to bring to your attention in that quarterly result. We flagged on the call last quarter for the Q1 that we'd seen an abnormal build-up in our working capital levels across the quarter of AUD 10 million, and that was forecast to unwind beneficially in this quarter. That came to be, as we saw by 30th of June, our working capital had returned to normal levels. There was also a dividend payment of just under AUD 4 million in the quarter. Then in particular, towards the end of this quarter, there was just over AUD 12 million of cash outflows associated with the DGO transaction. Firstly, to pay off a debt facility they had in place at the time, and also some of their transaction costs. Ending the quarter and ending the half year with a very strong balance sheet and a very strong position of liquidity. As a result, we made the call on the 8th of July to retire our Tranche A revolver. Had AUD 100 million available to us at the time and was undrawn. Going forward, we still have Tranche B in place to the tune of AUD 150 million, and that's in place until September 2024 at the moment. Last but not least, our hedge book is now on its last leg with just under 16,000 oz to be delivered across next few months to the end of November, or roughly 20% of our forecast production. From December onwards, the hedge book is gone, and we are fully exposed to the spot gold price going forward. Thanks for that. I'm gonna hand back to you, Duncan, to take us through the exploration results for the quarter. Yeah. Thanks, John. I'll note that Andrew Tyrrell, who usually joins us on the call, is actually out and about looking at some of the DGO properties. Of course, during the quarter, Gold Road successfully completed the takeover of DGO Gold. That means Gold Road now owns a portfolio of assets, which includes a 14.4% shareholding in De Grey Mining. Of course, De Grey is the owner of the 10.6 million oz Mallina Gold Project in WA, and that position strengthens our business alignment to high quality ore bodies in the low-risk jurisdiction of Western Australia. Now, we also hold a 6.1% interest in Dacian Gold, who owns the Mount Morgans Gold Operation. Of course, Dacian are currently under a takeover offer from Genesis Minerals. We have a 20% interest in Yandal Resources, and they're mainly focused on exploration up in the Yandal Greenstone Belt. We have quite a diverse exploration portfolio now spanning the Yilgarn, the Pilbara Region, Yerrida-Bryah, and Stuart Shelf provinces. As stated previously, we view that this acquisition is on strategy. If we move to the next slide, it gives an overview of what our exploration portfolio now looks like. Obviously, we're integrating the DGO part of that. But we've also got some quite significant applications up in Northeast Queensland. That's two properties we call Greenvale and Galloway. Of course, the Yamarna project remains you know, an exciting opportunity for us, but the new tenements give us additional optionality on making discoveries across that expanded portfolio. Of course, our remaining strategy really remains unchanged. We're very much focused on discovering mine two to transform the business. Now our exploration team, of course, will work through that expanded portfolio and work out what we prioritize out of that very large landholding. As I noted, Andrew Tyrrell's currently out on the ground at the Stuart Shelf property, where we're drilling at the moment. At Yamarna and the Golden Highway joint venture, we currently have four rigs operating, which includes two RC rigs, one diamond rig, and one air core rig. In June, we completed a shallow RC program at the newly acquired Mallina Gold Project. We acquired through the DGO transaction, and I'll talk to you about it a little later in my presentation. Another former DGO prospect that I've mentioned is the Pernatty project in South Australia. We're currently looking there for IOCG iron oxide copper gold systems, similar to Carrapateena or, you know, like the Olympic Dam, that kind of style of mineralization, with that in a 80% earning joint venture. As I said, Andrew's out there on the ground at the moment. The slide lets me talk briefly to the Northeast Queensland properties. They've been previously drilled by Normandy Mining and local prospectors. Some of that work dating back to the late 1980s and early 1990s. We see the project represents a walk-up drill test opportunity, targeting intrusion-related gold mineralized systems in an area that's really seen no exploration for a substantial period of time. The grant of the tenure is expected to occur in the next quarter, and then be followed up by land access negotiations with the pastoralists and the like. We'll be aiming to drill there next year. Assuming our drilling validates historical exploration work, we expect the property could return + 50 g·m intersections. If we move on to the next slide, at Yamarna, which of course is the major area of our current focus. We continue to highlight lots of potential here. Notable prog for the quarter that have occurred, and many of these are still awaiting results to come through. At Abydos, we've completed a second phase of RC drilling, targeting extensions to the bedrock mineralization that we've reported in previous quarters. We've got some of those results to date, which are generally consistent with those previous intersections. At the Kingston prospect, we've been doing air core drilling to further strengthen and delineate the existing gold-in-regolith anomaly. We've been getting narrow, high-grade mineralization associated with a quartz dolerite, locally hosted within the Smokeb ush Shear Zone. At Waffler, we've been doing infill air core drilling, and that's been completed over several targets, aiming to eliminate specific zones to follow up the diamond or RC drilling. The air core results that we've received have highlighted several areas that need further work. At Earl's, we've done a second air core phase, a second air core program to the north of the previously identified anomaly, and that will require follow-up with RC and diamond drilling. Results of all of that work are still pending. At Rattlepod, we've done RC drilling across two of the targets there that were previously identified from air core RC drilling. Again, the results of that program are pending. Then finally, at Gilmour South, we've done an RC program with part of the results from that program received. The drilling at the moment provides indication, at least of the mineralization extending along the shear corridor for 100 m, sorry, 800 m to the south. You know, we've still got a lot of results to come through there, but you know, some reasonably you know, promising indications, I guess, is all we can say at this stage. If you look at Mallina, so this core property, of course, acquired through DGO. I've been out on the ground there. The program was already being worked up by the DGO geologists, and we've continued with that. As you can see, the property here is contiguous with the De Grey landholding. We'd see very much in a structurally or geologically analogous position, so similar intrusions that we believe are the same sort of suites of intrusions that De Grey have. I guess the green diamond there or green star there indicates the sort of central area of where we've been doing the drill program there. We've drilled 92 shallow air core, shallow RC holes, and we expect those results to come through in the next quarter. Okay, that brings to a close our exploration updates. Hopefully next quarter, we've got some, you know, results and things like that we can talk to. I'll now hand back to Duncan Hughes. Thanks, Duncan. That brings our results presentation to a close. We're now very happy to answer any questions, you may have, and I'll hand the call back to Harmony. Thank you. If you wish to ask a question via the phones, you will need to press the star key followed by the number one on your telephone keypad. If you wish to ask a question via the webcast, please type your question into the Ask a Question box. Your first question comes from Andrew Bowler from Macquarie. Please go ahead. Good day, gents. Obviously just noting the record quarter at Gruyere for the last quarter. The mill throughput's getting up to that sort of 9 million tonne throughput rate now. Or beyond that, I should say. How is it tracking compared to the original plan you announced a while back about getting up to, you know, close to 10 million tonne per annum over the next couple of years? Cheers. Yeah, I think it's pretty well on target with that, Andrew. I mean, I think we hit availability + 90% in this quarter. There's still a bit of space for us to get that up to some industry-leading standards. You know, still some opportunities just in the throughput rate. Of course, lifting grade, you know, is an important part of us getting up to what we see as a sustainable sort of 350,000 oz per annum run rate out of Gruyere. No worries. That's all from me, gents. Thanks. Thank you. Once again, to ask a question via the phones, please press star one. There are no further phone questions at this time. I'll now hand back to your speakers to address any webcast questions. Thank you. The first one comes from Daniel Morgan from Barrenjoey. The pickup in grade this quarter was a little earlier than I'd thought. Can you discuss what grade expectations are over the next few quarters and any maintenance outages scheduled? Well, I'll take those in reverse order. Maintenance, you know, as we flag specifically, we are doing a SAG mill reline roughly every three to four months. Typically, that falls once per quarter. The ball mill is on an annual, roughly annual, reline. That means we double up with two relines sometimes in a quarter and, you know, that's likely to be the first or second quarter of next year, just depending on how we go with wear rate there. Nothing unusual. That's kind of normal business as usual. The grade, well, I think from our point of view, it's tracking in line with, you know, what we are sort of budgeting internally and expected. Of course, if you look at some of those sections and other collateral we've put out, very much, we started in the sort of 1 g part of the ore body that was near surface. If you look at the future pit stages and cutbacks and what have you know, we're typically getting into, you know, 1.3 g mining areas. We expect, you know, that improving grade trend to continue from here until we kinda get to that average sort of run rate. Next question comes from Donald Payne. What's happening in Galloway, Queensland? Galloway. As I mentioned, that's very much early-stage properties. We've picked the ground up there, so they're under application. Those tenements will need to come through to grant. Once they're granted to the Queensland system, we can negotiate access agreements. At the moment, you know, we're doing the work that we can do without getting on the property and targeting or what have you. There's, you know, quite, I guess, we've got some quite good data sets to build direct targets. You know, the intention is we will be out on the ground there in the sort of first half of next year, probably after the North Queensland wet season is finished. Next question comes from [Ryan Boardman]. Will we see growth in the dividend in the coming years? Well, I guess we've got a fairly clear dividend, you know, policy. Obviously, you know, strong cash flow, you know, feeds into that. You know, I guess, as a corporation, we have to be a bit cautious in preempting what dividend payouts will be. The regulators take quite a close interest in that. Of course, it's subject to, you know, board decisions rather than just that of, you know, management. Next question comes from [Larry Hill]. Can you explain the reason for canceling the Tranche A facility at this time? Does this influence your thinking around the dividend? Yeah. Do you wanna pick that one up, John? Yeah, sure. Look, I mean, at this stage, Tranche A was due to expire early next year. As you'll see with our results at the end of the half year, AUD 161 million in our cash reserves. We didn't see anything looming on the horizon that would require us to use either our Tranche A or Tranche B. In the interest of saving some financing costs, we made the call to terminate Tranche A. That was quite a simple one. There should be no impact in the future around dividends or other cash requirements going forward as a result of that decision. That looks like it for questions. I'll hand back to Duncan. Yeah. Thanks. Thanks, Hayden. Look, I'll just hand back to Harmony to see if there's any more questions from the phone. Thank you. You have a question from Levi Spry from UBS. Please go ahead. Good day, guys. Thanks for the call. The question, I guess, was just on now that the DGO transaction's complete. If you could share anything on how you plan to engage with De Grey and what that might look like. Is that helping add value to the next study? Maybe remind me what that is. Is it a pre-feasibility study? Are you expecting to have input into that? What can we expect from you to add value to that stake you have? Thanks, Levi. It's Hayden Bartrop, General Manager of Corporate Development. I think you know it's inappropriate for us to comment on any specific business development or corporate development opportunities as I think you know most companies do. We won't comment further on that. I think you know as we've mentioned we see the strategic stake you know as something valuable. You know we'll help out where we can in terms of the knowledge that we've had from Gruyere and happily pass those learnings on which will help ultimately optimize you know our holding in De Grey. We'll provide whatever other learnings or support we can do. I think that's kind of it with the position that we have at this time. Roger. Okay. Thank you. Thanks a lot. Thank you. Your next question comes from Michael Scantlebury from Euroz Hartleys. Please go ahead. Hi, guys. Great quarter. My, yeah, the questions about the report have already been kind of asked, but just had one on the solar plant. I just wanted to know how the operation of the solar facility there was tracking. Yeah. I guess we're in the sort of final stages of commissioning that. I guess the current indications is it'll be up and going to plan. We've got to get a few more tests and things done on it to have confidence in that. Of course, that's quite timely with the big step up in you know, energy costs at the moment. Once it's humming along, it's generating about 10% of the power supply for Gruyere. No worries. Yeah, once again, great quarterly, guys. Cheers. Thank you. Your next question comes from Paul Kaner from Ord Minnett. Please go ahead. Yeah. Hi, gents. Thanks for taking my question. Just in the quarterly, you mentioned you're accelerating mining to deliver ore to the plant and mitigate sort of ore supply risks. Could you maybe talk to the magnitude of this and how long you'll sort of expect this to continue for, or is it just to get a sufficient stockpile buffer there? Yeah. Thanks, Paul. What we've been doing is, basically, there's a rehandle fleet, so that gives us a bit of extra capacity. Normally, that's used for, you know, managing raw ore stockpiles to the primary crusher. We've been using that opportunistically to give us a bit more throughput, or a bit more mining rate. I guess the last couple of quarters are reflective of, you know, the potential volumes that we can achieve. What we're trying to do is manage some of the headwinds that everybody's seeing with, you know, COVID. We've had, you know, case numbers on the site similar to, you know, population kind of statistics in WA as a whole. You know, I think something like 40% of the population's now had COVID. Of course, you know, you have the impacts with people being away for carer's leave and, you know, isolation requirements, et cetera. Everybody's had those things. Really what we're trying to do strategically is to make sure that we keep the ROM pad full. That's very much where we are, and it's worked quite well for us to date. Obviously, you know, a bit of where we end up through the year depends on, you know, if we're suffering any production loss time as a result of COVID or for other factors. What it does mean is we're in quite a robust position at Gruyere to manage the ore supply to the plant. That's not to say that there's no COVID risks. Of course, we've got to, you know, be able to staff up all of the plant side of things as well. Yeah, no dramas. Understood. Thanks for that. Cheers. Thank you. There are no further phone questions at this time. I'll now hand the conference back to your speakers. Thanks, Harmony. We've just had one webcast question come in from Brad, from Bell Potter. We might just address that very quickly. Not a problem. Brad, this question is, with the growth in exploration tenure, what are your thoughts on the direction of the exploration budget? We'll obviously work that through according to, you know, quality of targets and stuff like that. I think the general, you know, mindset that we've got is, you know, hold exploration expenditure at similar levels. You know, we've been kind of in that AUD 25 million-AUD 30 million range in recent years. You know, obviously balance that against the quality of targets we've got at Yamarna versus elsewhere. You know, we've got a very large land package with the DGO acquisition. We're certainly going to look at opportunities for farming some of that out or bringing in partners and what have you. We're working through that at the moment. I guess probably the bottom line is just 'cause we've got a big land package, I don't see us, you know, stepping up the level of exploration tenement spend in totality. You know, the key driver that's where we'd look at running at a higher rate for exploration will be driven by, you know, results and, clearly having a sort of resource dry up, you know, need to accelerate. Thanks for your question, Brad, and thanks everyone for their questions. That brings to a close our quarterly call. June quarter was a great quarter for us. Obviously, record production, low all-in sustaining costs. And, the all-important corporate all-in cost was AUD 1,600/oz. As Duncan suggested, probably one of the lowest in our peer group. With the quarter, we're obviously well on track for growing to a sustainable 350,000 oz in 2023. The quarter saw us successfully complete the DGO gold takeover, and we're pretty excited about our portfolio of investments and exploration assets. As a result of the great production, we saw record free cash flow, record cash positions, and we felt comfortable to reduce our undrawn debt position. I thank you again for your interest and continuing to follow the company, and I look forward to talking again in another quarter. Thank you. Thank you. That does conclude our conference for today. Thank you for participating. You may now disconnect.