Good afternoon, ladies and gentlemen. I'd like to introduce myself to those of you who I've not had the opportunity to meet. My name is Tim Netscher. I'm privileged to be the Chairman of Gold Road Resources Limited. Also the Chair of today's meeting. For those unable to join in person, I'd also like to warmly welcome those who are participating via our online platform. Before I make some opening remarks about the past year, I'd like to acknowledge the traditional custodians of the land on which we meet, the Whadjuk people of the Noongar nation, and pay my respects to their elders past and present. I'd also like to acknowledge the traditional custodians of the lands on which we operate, and pay my respect to their elders past and present, the Yilka, Nanganunku, and Cosmo Newbery community, with whom we have very strong relationships. I'd also like to acknowledge the traditional owners of the lands on which we have recently commenced exploration activities outside of our traditional Yamarna tenements. We're currently establishing and building relationships with these traditional custodians. Ladies and gentlemen, it is with pleasure that I declare the meeting open, and I formally welcome you to the Annual General Meeting of Gold Road Resources Limited. Unfortunately, our Managing Director and CEO, Duncan Gibbs, is unable to join us due to illness. He's currently recovering from unexpected appendicitis surgery, and we look forward to seeing him back at work next week. Fortunately, we have a strong team, so in his absence, John Mullumby and Duncan Hughes will jointly deliver the CEO and MD presentation. This afternoon, I'm joined here by my fellow directors, Brian Levet, starting on my far left, Denise McComish, and Maree Arnason. I'd also like to welcome members of the Gold Road leadership team who join us. They are John Mullumby, the CFO, Julie Jones, General Counsel and Joint Company Secretary, Duncan Hughes, General Manager, Corporate Development and Investor Relations, Sharon Goddard, General Manager, Social Performance and External Relations, Jessica Logan, General Manager, People and Culture, and Andrew Tyrrell, General Manager, Discovery, who is currently on parental leave. Also present here today is Keely Woodward, the other Joint Company Secretary, and representing our auditors, KPMG, Graham Hogg, our Audit Partner. Lisa Ahwan from the company share registry Computershare will act as the Returning Officer for the poll. 2022 saw Gold Road continue to deliver shareholder value from safe and sustainable production at Gruyere, disciplined M&A, and an exciting and diverse exploration portfolio, all here in Australia, a tier one mining jurisdiction. Our company has just completed its fourth year of safe and profitable production. In early April 2023, Gruyere celebrated pouring its first million ounces of gold, just three and a half years since pouring the first ounce in June 2019. Many of us remember that. Just seven years since signing a historic agreement with our friends and partners, the Yilka people. This is a fantastic achievement and testament to the quality of the Gruyere Gold Mine, as well as the quality of the dedicated team who sustainably operates and manages this world-class asset. Gruyere continued to operate safely with the operation currently at 759 days without a Lost Time Injury. 759, one of the best safety performances in our industry. Our people, their safety, and the environment in which we work remain our most important priority. The Australian gold sector faced significant cost and skills challenges through 2022. Despite this, Gruyere achieved record performance in 2022, producing 314,647 ounces of gold. Gold Road's 50% share of production was delivered at an all-in sustaining cost, that's AISC, of AUD 1,447 per ounce. That's in line with guidance and is one of the lowest costs of production in the sector. In April 2023, we reaffirmed our outlook of a sustainable 350,000 ounces of annual production from Gruyere until at least 2032, placing us firmly in a very exclusive club of ASX gold producers, able to talk about solid, sustainable, and profitable production out over 10 years. As a result of Gruyere's strong performance, Gold Road was able to report a full year net profit after tax for 2022 of AUD 63.7 million from revenue of AUD 382.9 million. 2023 has got off to a very strong start, with record quarterly free cash flow of AUD 44 million delivered in the March quarter, as we benefited from record mill throughput and a record price for our fully unhedged gold production. Pivotal to our strategy of delivering sustainable value for shareholders is the prudent allocation of capital that puts total returns to you, our company's owners, at its core. Gold Road is proud of our reputation of being a regular and consistent dividend payer without forfeiting our ability to invest in future growth opportunities. Only a handful of gold companies can match this enviable record. Gold Road has built a reputation for a disciplined and prudent approach to profitable growth through acquisitions, which specifically includes adherence to the principle of transacting at fair value. We will not pursue growth for growth's sake. In April 2022, Gold Road announced an agreed script takeover of the ASX-listed DGO Gold Limited, a Melbourne-based mining investment and exploration company. We successfully completed this transaction in August 2022. As a result of this takeover and associated buying on market, Gold Road currently holds strategic investments valued at approximately AUD 500 million. These investments include a 19.73% stake in De Grey Mining, the owner of the recently discovered Hemi deposit located in the Pilbara area of Western Australia. Hemi, like Gruyere, is a world-class deposit that should be able to support a long life, low-cost mining operation. As well as the strategic shareholding in De Grey Mining Limited, the DGO acquisition further expanded Gold Road's portfolio of exploration assets across Australia, in line with our strategy and focus of generating meaningful organic growth by means of targeted exploration. I'm very excited about the opportunities that we have created to explore at Yamarna, Mallina, and also in Queensland. Following the formal part of today's meeting, John Mullumby and Duncan Hughes will provide an update on our growth strategy and will provide a more fulsome briefing on some of the highlights that I've just touched on. It's our strong belief that our production and growth must be sustainable. For such a young producer, I believe that we are punching above our weight on ESG matters. At Yamarna, we power our exploration efforts with a fully transportable solar plant. At Gruyere, in 2022, we completed the installation of a renewable power plant expansion. Gold Road continues to be proud of our inclusion in the Dow Jones Sustainability Australia Index, one of the very few Australian resource companies to do so. At Gold Road, we value diversity, and we have worked hard to create the inclusive culture required to support this objective. You can read more on this on our and on the rest of our sustainability progress in our 2022 sustainability report with hard copies available at the door on your way in and also on our website. With these introductory comments, let me now turn to the formal business of today's meeting. The agenda is on the slide before you. In the formal business of the meeting, voting on all resolutions as set out in the notice of meeting dated 31 March 2023, will be undertaken by means of a poll. At the completion of the poll, John Mullumby and Duncan Hughes will give a company update presentation, followed by questions from shareholders relating to the company's operations. The results of the poll will be available on the ASX platform later today. We've received no questions from shareholders in advance of this meeting. There will be an opportunity during each item of business for shareholders to participate and to ask questions, and we encourage this. As this is a shareholders' meeting, only shareholders, their attorneys, proxies, and authorized representatives are entitled to ask questions relating to the resolutions. When asking a question, please state your name and confirm that you are indeed a shareholder. During each Q&A session, I'll provide the opportunity for those shareholders in the audience to ask questions first, and thereafter, I'll respond to questions which are submitted online. Questions can be submitted online at any time during the meeting, so please feel free to start submitting questions now, as demonstrated on the slide before you. Questions will be moderated by the Company Secretary, Julie Jones, and put to the Chair during the relevant Q&A sessions. For those of you who need to leave the meeting at any time, a recording of the meeting will be available on our website, from Friday the 19th of May. I declare for the record that a quorum is present at the Melbourne Hotel, being the venue stated in the notice of meeting. The purpose of the meeting is set out in that notice of meeting dated 31 March 2023. I will, with your permission, take the notice of annual general meeting as read. A number of formal apologies have been received and our Joint Company Secretary, Keely Woodward, will record these in the minutes. I now declare that voting is open on all items of business. For those online eligible to vote, the vote icon will soon appear. Please feel free to cast your votes at any time during the meeting, as demonstrated on the slide behind me. You can change your vote up until the time that I declare that voting is closed. I will give you a warning before I move to close voting. For those who are present at the physical meeting, a poll will be conducted shortly after the final resolution has been put to the meeting, including questions addressed in relation to these resolutions. If you need to leave early, please put your voting paper in the box provided by Computershare staff located just outside the room. Turning now to a discussion of our 2022 annual report. The first item of business relates to the financial statements and reports of the directors and the auditor for the 12 months ended 31 December 2022. As noted earlier, Graham Hogg of KPMG, our auditor, is available to answer any questions relevant to the conduct of the audit and the preparation and content of the auditor's report. I'd like to take this opportunity to thank the KPMG team for the quality of this year's audit. We have received no questions in advance of the AGM in relation to the financial statements, so we'll now open up to the audience present here for any questions from shareholders relating to the financial statements. Are there any questions? No questions from the audience here. Julie, are there any questions online? Tim, there are no questions from the online participants. Thank you, Julie. If there are no questions, we'll proceed to the second item of business, being the adoption of the remuneration report. Agenda item one, resolution one, adoption of the remuneration report. The resolution and the number of votes cast for this resolution so far are on the slide displayed before you. The remuneration report is contained in the company's annual report for the 12 months ended 31 December 2022. Further details of the two-strike process, key management personnel voting prohibitions, which includes directors, and the voting of undirected proxies are included in the notice of annual general meeting dated 31 March 2023. As an aside, you'll notice that on all remuneration related resolutions, not just this one, a number of abstentions have been recorded. For the record, the majority of these abstentions are associated with director shareholdings. For good practice, directors have abstained from voting on all remuneration resolutions, irrespective of whether or not they relate to their own individual remuneration. In accordance with legislation, the vote on resolution one is advisory only and does not bind the directors of the company. The board will take the outcome of the vote into consideration when reviewing remuneration practices and policies of the company. I note that there was no first strike at the last annual general meeting. Accordingly, there will be no spill resolution held at this meeting. I'll now address questions in relation to the remuneration report. Opening up to the audience here, are there any questions from shareholders relating to the remuneration report? No questions from the physical audience in relation to remuneration report. Julie, are there any questions relating to the remuneration report from our online participants? Tim, there are no questions relating to the remuneration report from our online participants. Thank you, Julie. We'll now move on to agenda item two, resolution two, the re-election of Director Mr. Tim Netscher. As this resolution relates to myself, I'll hand the chair over to my fellow director, Maree Arnason, to undertake the voting on this resolution. Thank you, Tim. Tim's qualifications for the role are listed in the notice of meeting and on the screen before you. I now ask Tim to speak briefly to his re-election. Thanks, Maree. As Maree has just said, my qualifications for the role are shown on the screen. I don't propose to say anything else on that score. What I will say is that I joined the Gold Road board of directors shortly after the discovery of the Gruyere deposit, and that I was therefore able to play a leadership role in taking the Gruyere project through the various project study phases, from scoping study through pre-feasibility study, feasibility study, and then to a comprehensive bankable feasibility study, at which stage we brought in Gold Fields as a joint venture partner. I was able to play a leadership role in negotiating a modern win-win joint venture agreement, as well as thereafter ensuring the commitment and goodwill from both the participants to deliver a successful project and then thereafter a successful ongoing operation, building on each party's strengths and compensating for each other's weaknesses. Nowadays, I'm filled with a great sense of pride when I visit the mine site, which was just a few years ago, a dusty semi-desert scrubland in an extremely remote part of Western Australia, and what is now a modern, productive, and sustainable mine site, complete with airport, taking jet aircraft, delivering tangible benefits, particularly employment benefits to our traditional owner partners. The foundations for the next phase of Gold Road's growth have already been put in place in the form of our extensive and strategic exploration package and our equity investments. I look forward to playing a leadership role in Gold Road's next exciting phase of growth, which may well include substantial elements of doing it again with a very capable and amazing board and management team. Thank you. Thanks, Tim. The resolution and the number of votes cast so far for this resolution are on the slide before you. We have received no questions in advance to the AGM in relation to the re-election of Director Mr. Tim Netscher. We will now open up to the audience for any questions from shareholders relating to the re-election of Mr. Tim Netscher. Julie, can you please confirm if there's any questions from online participants? Maree, there are no questions from online participants relating to the re-election of Mr. Netscher. Thank you. If there are no questions, I will hand the chair back to Tim, and we shall proceed to the next item of business. Thank you. Thank you, Maree, thank you to shareholders for your confidence in me. We now move on to agenda item number three, resolution three, the approval of the 2023 employee incentive plan. Shareholder approval of the employee incentive scheme is required every three years, or if there's a material change in the terms of an approved employee incentive scheme. The company's current employee incentive scheme was approved by shareholders at its 2020 annual general meeting held on the 28th of May, 2020, therefore shareholder approval now needs to be refreshed. A summary of the principal changes and key features of the 2023 employee incentive plan are available in the notice of meeting. The resolution the number of votes cast for this resolution are on the slide before you. As previously mentioned, for resolutions three to five, for good practice, all directors have abstained from voting on all remuneration resolutions, irrespective of whether or not they pertain to their own individual remuneration. We've received no questions in advance to the AGM in relation to item three. We now open to the audience here for any questions relating to item three. No questions from the physical audience. Julie, are there any questions from the online participants in relation to item three of the agenda? Tim, there are no questions relating to item three from our online participants. Thank you, Julie. We now move on to agenda items four and five, which relate to the grant of long-term incentive and short-term incentive performance rights to Mr. Duncan Gibbs. I will firstly announce each of the votes cast so far for these resolutions on items four and five, and thereafter open up for any questions from our shareholders relating to performance rights. First off, agenda item four, resolution four, the grant of long-term incentive performance rights to Mr. Duncan Gibbs, the 2023-2025 LTI program. The resolution and the number of votes cast so far for this resolution are on the slide before you. Moving on now to agenda item five, resolution five, the grant of short-term incentive performance rights to Mr. Duncan Gibbs, the 2023 STI program. The resolution and the number of votes cast so far for this resolution are on the slide before you. This resolution will be voted by poll online and later in the meeting. We've received no questions in advance to the AGM in relation to items four and five of the agenda. We'll now open to the audience here for any questions from shareholders relating to agenda items four and five. Any questions on these two agenda items? With no questions from the physical audience, Julie, are there any questions relating to performance rights from our online participants? Tim, we've received no questions relating to items four and five from our online participants. Okay, thank you, Julie. We now move on to the conduct of our poll. For those shareholders in the room on all resolutions as laid out in the notice of meeting and as stated by me, 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 also detail the voting instructions. By completing the voting paper, you are deemed to have voted in accordance with these 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. Please ensure that you print your name where indicated and sign the voting paper. When you're finished filling in your voting paper, please lodge it in a ballot box to ensure that your votes are counted. If you require any assistance, please raise your hand. For those online, please ensure that you have cast your vote on all resolutions. The ballot box is doing the rounds in the room here. I'll now, in my capacity as chairman, vote all directed proxies in accordance with the directions provided by the shareholders. As advised in the notice of meeting date of 31 March 2023, I will also vote available undirected proxies in favor of all resolutions. Please, if you need any assistance, please raise your hand. Are there any voting papers still to be returned? Anyone need more time? Good. I think we're all done here. In a moment, I'll close the voting system. With no further votes to be collected, I declare the poll closed in this room and online. Lisa Arwan from Computershare will act as the returning officer for the purposes of conducting and determining the results of the poll on each resolution. The final results will be announced through the ASX company announcements platform later today and will also be available on Gold Road's website. I'll now hand over to John Mullumby and Duncan Hughes, who will give you an update presentation on the company, after which time we'll open to the floor for general shareholder questions relating to the company's operations. John and Duncan. Thank you, Chairman. Let me start off just by acknowledging Duncan Gibbs, who, as you heard, can't be here today due to a case of appendicitis. Duncan has done a great job over recent years leading our company, and I'm sure today's presentation attests to that. Duncan, if you're online and listening, which I'm sure you are, hopefully Duncan Hughes to, like, do you justice over the next half an hour or so. First of all, I'd like to start by thanking our shareholders for taking part in today's AGM and also those here in the room for being here in person and taking part online. We appreciate the effort and your support. Up here we have the usual disclaimer slide, which if you want to, you can read online on our website as it is currently available. Our chairman, Tim, has already introduced our board and executive teams, so I won't go over the same ground. However, before I launch into this slide, I would like to draw your attention to the fact that Gold Road is one of the very few, if not only, ASX 200 mining companies with both a gender balanced board and executive. It is not something Gold Road sought to achieve by setting gender targets. It reflects merit-based recruitment and appointments, and as a result, we have welcomed Julie, just recently to our executive team over the last 12 months. More broadly, Gold Road's team is 31% female. A great achievement. Many of that Gold Road team are here in the audience today. I invite you to talk to them after the formal proceedings have finished, as I'm sure you will find them not only highly engaging, but you'll also gain some great insights into our promising future and our great culture. Moving on to the snapshot here on the screen for 2022. We safely delivered a net profit after tax of AUD 63.7 million with free cash flow of AUD 77.5 million. Clearly, as CFO, I'm very happy about those results. We continue to build on our peer group leading ESG credentials, which will be covered in more detail in the presentation with both Gruyere and our exploration business now accredited to international safety and environmental certification standards. Our shareholder base, as you can see on this screen, is well-balanced across the globe. It is worth noting that Gold Road is now well-covered by 12 analysts and has a global spread of investors across both retail and institutions. In previous AGMs, Duncan Gibbs has spoken about Gold Road's strategy, which is very much focused on delivering sustainable shareholder value. We continue to be true to this strategy, and as you'll see over the coming slides, the last 12 months has been testament to delivering to this strategy in a disciplined manner. As presented in past years, we're seeking to grow margins and life at Gruyere, starting at the top. This is resulting in both near-term increases in production and long-term asset sustainability. In April this year, we reiterated Gold Road's strong outlook of 350,000 ounces per annum production until at least 2032. Around two years ago, Duncan flagged to investors that we will consider corporate development opportunities as an option to create shareholder value. One year ago, at the last AGM, we had an offer actively underway for DGO Gold, with the transaction completed in August last year. The transaction has been highly value accretive with the investments acquired through DGO and subsequent market purchases recently worth approximately half a billion dollars and a book profit of over AUD 200 million. Moving on to discovery. Our Greenfields exploration team is very much focused on discovering Mine two, and as a result, has transitioned their activities from being solely at Yamarna to now national exploration, to a now national exploration push with new active projects in the Pilbara and North Queensland, which Duncan here will talk to in more detail shortly. I'll highlight our leading ESG performances earlier. We'll expand on this later in the presentation. Our approach to capital management has seen us deliver one of the strongest balance sheets and cash flows in the Australian gold sector in recent times. Underpinning each of these areas is growing the organizational capabilities, which includes people, our business systems and processes. All of these areas, once again, support our focus on achieving against the key objective, which is the heart of our strategy of delivering shareholder value. Let's take a look at how we did against that objective. As you can see, in calendar year 2022, it was very much one of strong financial performance which is summarized on this slide with significant year-on-year improvement across revenue, net profit after tax, earnings per share and free cash flow. You'll see here on the slide that our net cash position did decline year-on-year from December 31st, 2001 to 2022. This is due to our investments into De Grey Mining, with on-market share purchases totaling AUD 106 million, which we built via our cash holdings and on top of the 14% we acquired through the friendly takeover of DGO Gold in August last year. With an average share purchase price of approximately AUD 1 versus the current De Grey share price of approximately AUD.40, we hold a strong return on that investment. Whilst this December 2022 cash position you're seeing on the screen was below the AUD 100 million threshold recommended to declare a dividend under our dividend policy, your board elected to exercise their discretion under that same policy and maintain a consistent dividend across 2022. That decision reflected at the time the board's confidence in the underlying health and future financial performance of Gold Road. This confidence by our board at the time in our financial strength was on full display soon afterwards with a strong result in the first quarter of this year, with free cash flow generated of AUD 44 million and our net cash position increasing to AUD 128 million at the end of March. Our share price has also reflected this strong financial performance and position with it currently sitting around or at all-time highs. As I'm sure you can appreciate, part of this is due to the gold price, which has risen strongly from the beginning of 2022, at AUD 2,500- AUD 3,000 currently or thereabouts as you can see by the black line on this graph. Counteracting this rise in the gold price has been a period of very high inflation, with many common macroeconomic factors driving both the gold price and global inflation. Gold Road closed out its hedge book in Q4 2022, with all gold production now being fully delivered and sold into the spot market at the high gold prices experienced, as you can see on this slide. For many of our peers with substantial hedge positions, many are now facing margin compression driven by this inflationary environment, whereas Gold Road is not. As a result of this, the strong performance from Gruyere, Gold Road is in the minority currently of Australian gold producers who are generating strong free cash flow. This has allowed our share price to track upwards across the year with the gold price and the company's market announcements which reflected its strong performance. This slide also further validates the point I've just made, as the thick gold line in both charts shows Gold Road's relative share price performance and the facts that we outclassed the sector in 2022, and have continued to perform well against our peers in 2023. I want to move our focus to ESG and outline some of our key achievements for the year, as you'll see here. Let me just start by emphasizing that Gold Road believes that gold production has to be sustainable in order to deliver ongoing value to all of our stakeholders. As noted in the introduction, Gold Road has 31% female employees with a gender-balanced executive leadership team and non-exec directors. We operated safely in 2022 with no LTIs or lost time injuries. We have partnerships that deliver economic and social benefits in place with all of our communities. We contribute and engage in local community programs, both financially and through the efforts of our workforce. We actively participate in school education programs, community events, and through our Gold Industry Group membership, we actively support Netball Western Australia. Where we can, we prioritize the sourcing of goods and services from local and Aboriginal businesses. In 2022, this equated to 23% of our procurement spend being directed towards the Goldfields region. 97% of our spend occurred within Australia. Our exploration team achieved ISO certification for safety and environmental management systems during the year, with Gruyere already certified. A huge program of work. We have received several ESG awards and are one of only three Australian gold mining companies with membership on the Dow Jones Sustainability Australia Index. We are also a member of the United Nations Global Compact. I'm sure overall, you agree this is a fantastic set of achievements by the team for the year. Moving on to carbon. Gold Road actively tracks and reports on its Scope 1 and Scope 2 greenhouse gas emissions, which include the direct emissions at Gruyere and also from our exploration activities, as well as the emissions from third-party electrical power generation for Gruyere. Our Scope 1 and Scope 2 emissions are one of the lowest on a per ounce basis within the Australian gold mining sector. Our low emissions reflect the large scale fishing operations at Gruyere, with the power supply produced from mainly natural gas. In 2022, we commissioned a 13-megawatt solar array, which can produce up to one-third of the required power supply, and on an annual basis now provides 5% of the power from renewable energy. We are actively investigating solutions to further reduce our emissions, particularly for the generation of electricity in line with our net zero commitment by 2050. The project being investigated includes an upgrade to the solar farm and the addition of wind turbines. Once sufficient engineering and other studies are completed, we will communicate our plans and set a near-term carbon abatement target. We have started work for the planned tracking of our Scope 3 emissions next year, with reporting to commence in 2025. Our Scope 3 emissions will come primarily from our supply chain. Once we have quantified the main emission sources, we will consider what proactive steps we may take to reduce those emissions going forward beyond the wider decarbonization currently occurring in our economy. One last slide from me looking at the performance of Gruyere recently before I hand over to Duncan Hughes to talk about our outlook and future growth drivers. This slide summarizes our quarterly production over the last five quarters. The details, again, of which have been communicated within our quarterly reports and are all available on our website. Gruyere had a strong year and produced 315,000 ounces during the year at an all-in sustaining cost of AUD 1,447 per ounce. As a result, Gold Road delivered the 2022 cost and production guidance. A great example of doing what we say. Our guidance for 2023 has been set at 340,000-370,000 ounces for Gruyere, or Gold Road's attributable share of 170,000-185,000 ounces at an all-in sustaining cost of AUD 1,540-1,660 per ounce. Lastly, before I hand over to Duncan, let me reiterate our strong start to the year in the first quarter due to good performance in the mills and a lower rate of CapEx, which resulted in an all-in sustaining cost of sub AUD 1,400 per ounce. This result not only saw us as one of the very few cash flow generators in the Australian gold sector, but also added a very healthy AUD 44 million of cash to our already strong balance sheet. Thank you. I now hand over to Duncan. Thanks, John, thanks very much for the strong balance sheet. Obviously, Gold Road, with its strong balance sheet and its outlook for future cash flow, is in a really good position and a great platform for growth. First, a look at the Aussie gold producer on an All-in Sustaining Cost basis. You can see that Gold Road is on the left-hand side of this chart, where we want to be. When you look at our peers, on top of their All-in Sustaining Cost, they all talk to growth capital as well. That's demonstrated here in the dotted black line. Gold Road is in the strong position where we do not have any growth capital we need to spend on top of our All-in Sustaining Cost. Our production and the revenue from it is unhedged. That goes some way to explain why we're one of few Aussie gold producers delivering free cash flow at the moment. The other point to make on this chart is, as was touched on earlier by Tim Netscher, you can look at that all in sustaining cost, and taking inflation into account, you can actually look forward 10 years at least at Gruyere, and that's a somewhat unique position for an Aussie gold producer to be in. Looking at the journey Gruyere's been on now from 2019 when we poured first gold, I remember that well, it was about 2 hours before the end of the quarter, and we promised we'd deliver it that quarter. Moving forward, we're now in a really strong position where we can project 350,000 ounces of sustainable production going forward. The reason for this journey of growing production is improving throughput rates and improving grade. Our throughput rate's grown progressively over the life of the mine. In 2021, we delivered at a rate of 8.5 million tons per annum. In 2022 last year, we delivered just shy of 9 million tons per annum. This year, we'll be looking at north of 9 million tons per annum. That journey's been achieved through increasingly improved processes and maintenance performance on site. The final piece of the puzzle will be when we install a third pebble crusher this year on site. We expect to have that in by the end of the year. That puts us in a strong position for our target of 10 million tons per annum going forwards. This is one of my favorite slides, maybe it's because I'm a geologist, but it certainly shows grade and the future of Gruyere going forwards. Gruyere started its life in 1 gram per ton dirt. Last year, we delivered at an average grade of 1.2 grams per ton. We move forward this year and onwards, we've got a sustainable 1.3 grams per ton, which is the average grade of the reserve. We're increasing tons, improving grade, we've got increasing ounces, and that should all be reflected also in improving free cash flow. Taking a look now at the Gruyere joint venture, the tenements here in yellow. On the right-hand side of the image is Gruyere. That's where our processing plant is and the main source of supply. On the left-hand side, 25 km to the west, is the Golden Highway. Number of deposits that amount to about 300,000 ounces of reserves. Our focus this year is on defining these deposits and getting them in the mine plan from 2026 onwards. The benefits from the Golden Highway is not only do you have a second source of feed that gives us flexibility, but it's also predominantly softer oxide material which blends really well with the fresh rock from Gruyere. Moving back to Gruyere now. There's two long sections that show the reserves and resources. In the red there is our reserve pit shell. That takes us through to 2032. Beyond that, we can slice and dice the resources as we have here as a extended open pit and underground on the left-hand side, or as just going straight underground in 2032. These resources amount to 3.5 to 4 million ounces. They're constrained at a pretty conservative Aussie gold price of AUD 2,000 an ounce. On top of that, we've been drilling a depth below this. We've shown that the ore body continues for a kilometer below surface. Whilst we've got a lot of studies to do, we've got 10 years to do them. We've got more drilling to do. I'm pretty confident that we'll be mining quite a long time after 2032 at Gruyere. That's Gruyere. Obviously, a good growth outlook. Lots of opportunities there. Looking further afield now. I've just lost my presentation on screen. I should know what I'm talking about by now. Since the last AGM, we've grown an Australia-wide portfolio of exploration investments and pure investments on the ASX. We're pretty happy, as John said, our strategic investment in De Grey has done well. De Grey themselves, they're looking after world-class discovery at Hemi, and we look forward to a DFS that's due mid-year. Our 19,000 sq km exploration portfolio, Australia-wide, is a pretty exciting opportunity for us. I think one of the things that maybe distinguishes Gold Road from other producers is every dollar we spend on our strategy on exploration is designed to transform the company. We don't need to add incremental ounces to fill a hungry processing plant, as I think you've already seen. Gruyere's full for at least another 10 years. We can focus on transforming the company through finding mine two. I think Gold Road's history demonstrates what you can do and how you can transform a company by making a decent discovery. This year, we'll spend AUD 30 million testing our portfolio across Australia. The main focus will continue to be at Yamarna, will also be drill testing. In fact, we are drill testing our Mallina Gold project, where we've got 100% owned tenements next to De Grey's holding. We've also got tenements in Northeast Queensland, which we'll test this year. Looking first at Yamarna. We've done quite a lot of work in this Greenstone belt now. We've defined the areas of gold mineralization. We've got a good understanding of the geology and the geological controls on mineralization. We found 500,000 ounces of resources. We're yet to find enough to justify mine two, our systematic exploration continues. This year, we're focused right now drilling on the ground at Fortuna to the south of the Smoke Bush trend. We'll also, later in the year, be testing the Japs and Hopwood targets, which are just to the south of Gruyere along the same Dorothy Hills shear zone. We see these as great geological targets, but ultimately, the truth will come with the drill bit, so we look forward to those results later this year. At Mallina, you can see our tenements here in the gold color. They're immediately adjacent to De Grey Mining's Mallina Gold project. The geology that controls Hemi and the recent discovery at Towrana, you can see by the pink blobs on the map, they're represented by a granite-like body called a sanukitoid. We have evidence of the same geology ourselves on our own tenements. We're drilling there now and again, we'll look for the results in the drill bit later this year. On the exploration story, we've pegged through our project generation team, we've pegged our own ground in Northeast Queensland. It's a different style of mineralization. Igneous-hosted gold tends to deliver pretty good, you know, 4 million ounce deposits in the line of, you know, Kidston, Mount Leyshon and Ravenswood in its day. At our Greenvale project, this hasn't been drilled since the 1990s when Normandy were drilling. This was drilling for open pits at a time when they needed to be 3 grams per ton because gold price was AUD 300 an ounce at the time. In today's gold price environment, something closer to 1 gram per ton could be economic. Their drilling shows wide zones of plus 1 gram per ton. Later this year, our teams will get on the ground, and we'll be testing that, and we hope for a positive outcome. That's the end of our presentation. In summary, I hope we've demonstrated to you Gold Road is a strong business. We're in great shape. We can look forward to at least 10 years of good production and cash flow generation, and that all provides a great platform for growth. I think we've got a great exploration portfolio and a number of quality investments. We're proud as a business that we've been paying a dividend since 2020 and always at the forefront of the mind is delivering shareholder value. I look forward to the other Duncan coming back to the office next week. Hopefully, John and I have done justice to his presentation, and I'll hand back to Tim, where we'll be very happy to answer questions from the audience or online. Thank you. Thanks very much, Duncan and John. You did very well in Duncan Gibbs' absence. I'm sure he'll be proud of you. We now open up to the audience for any questions from shareholders relating to the company's operations. Question over here. Have we got a microphone? Coming through. Brian Bornstein. Duncan used the term growth capital. I've never heard that term before. Could someone explain to me what that means? Yes. That's actually a fairly commonly used term in the mining industry. There's sustaining capital, which is to keep existing operations going on. Obviously, when things wear out and need to be replaced, that's called sustaining capital. Or if a regulation changes and you need more environmental protection or something like that falls into that category. If you choose to expand, that would be growth capital. Another question over here. Thanks. Kevin Bowman from the, excuse me, Australian Shareholders' Association. Hi there, Kevin. Good. I had two very short questions. First one about hedging. Is that stuck in stone given where the current gold price is? I mean, you did feature in the AFR. They didn't point out that you were the only one. Secondly, I suppose when you invest in a gold stock, you expect them to produce gold, which is good, and not be an investment company. What's the longer-term strategy with your investment in De Grey and the other one, Yandal? Is that to joint venture produce or is it if somebody came along and offered you AUD 1.80, would you sell? Yeah. In terms of hedging, because of our position on the cost curve, we're quite bulletproof across a fair range of gold prices. We only hedge if we need to for risk management purposes. We don't opportunistically hedge, we don't try to predict the gold price and latch on to this price today in the hope that we've picked the peak and we'll look great against our competitors. We don't do that. If we were to do a fairly large capital e-expansion and therefore be vulnerable to a downturn in the gold price, we would definitely hedge then. I think that's the answer on the hedging. With respect to the investments, we do take investments with a view to finding or developing the next Gruyere. That's our strategy is to, is to do it again in that regard. How our investment in the two companies you mentioned will play out, I'm not sure, because it takes two parties to obviously get to a particular commercial outcome. It may end up being joint venture, it may end up in something else. I don't want to... We're in a competitive environment, so I don't want to necessarily disclose our competitive hand here to our competitors. That is our objective. I did say in my address that we will not overpay for anything. To reach that objective, if it turns out that we get outbid, and we think that the competitor is paying a ridiculous price, we won't take your money and risk it to outbid it. We'll end up probably selling our investment at that time, and we've done that. We have a track record. We've done that on a number of occasions. In each occasion, the second prize hasn't been a bad second prize. We've actually made some reasonable money for shareholders. You might ask, "Well, you know, how is that? Is it just luck?" Well, we actually. That's our business, right? We do know how to assess mines, projects, and therefore, our investments do tend to be pretty well informed. Any other questions? Any questions online, Julie? Yes, Tim. We've received a question from Stuart Collins in Sydney, and he's asked: What is your top exploration target? What is our top exploration target? Effectively, look, I'll hand over to Duncan Hughes here. You could see on his presentation, I, even I've seen it before, I was getting quite excited about the number of exploration targets that are over there across our very large spectrum of tenements across the country from the southern portion of Yamarna through to the Pilbara, and then over to Queensland. Duncan, perhaps you could answer that more fully. Thanks for the question. To be honest, Tim, you've answered it pretty well. We're spoiled for choice. Yamarna still, I feel, has something to deliver. I'm excited about actually getting on the ground, which we've only been able to recently, to the south of Gruyere, at Japs and Hopwood. That's something we're looking forward to doing this year. It's hard. I mean, you don't even have to be a geologist to work on the neurology factor that to be drilling ground for the first time adjacent to the 10.6 million ounces that De Grey have at the Mallina project. While we're drilling there today and we're seeing the right rocks, ultimately depends what we get back in assays, but that looks promising. You know, as I said, I'm, I know I'm repeating myself, the Queensland opportunity, I mean, the fact that these big deposits are there and we're in ground that really has not been effectively explored for 20 odd years, and we've got, you know, drilling intersections in historical drilling that looks like they, you know, could be good today. I mean, it's nice to have 3 opportunities and we're, you know, we're hopeful one of those will result in what effectively we're here to do, and that's to find mine 2. Any other questions, here in the room or online, Julie? Tim, we have another question from Andrea Leyland in Sydney. When will you drill holes in Greenvale? Yeah. Greenvale is has had previous exploration, as was mentioned by Duncan. We're currently only gaining access, particularly with respect to landholders, and traditional owners. Once we have that access, in our usual manner, we'll do the non-drilling exploration first to identify the targets. That's high on the agenda. I guess in as soon as we've done that, which would be in nine, 12 months' time, we could have targets that we'll start drilling. Anything you'd like to add to that, Duncan? Yeah. Yeah, I'll just follow up with the fact that Brendan, geologist, has promised me we'll actually be drilling by the end of this year there. No pressure, Brendan, if you're here. As Tim says, we need to work through the process and do things systematically as we always do. The first thing is to get everything in place to get on the ground, do the early targeting. With those historical drill holes, getting a rig on there is a priority for us and I expect that to happen by the end of the year. I've got a bit of a fondness for the Greenvale area because when I first came to Australia 26 years ago, my job was managing director of QNI, a nickel-producing company, which had just closed down the Greenvale mine. We were then importing nickel ores from New Caledonia, Indonesia and the Philippines. It takes me back 26 years to go back into Greenvale to look for gold now. Any other questions? Tim, there are no further questions. Okay. Ladies and gentlemen, that ends the general question period for the meeting. With no other formal business, having been notified, in accordance with the company's constitution, this now concludes the formal business to be dealt with today. I'd like to thank you for your attendance and declare the meeting closed. I now invite those shareholders here in the audience to join us for some light refreshments, and I look forward to catching up with you informally in that. Thank you.
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