Good afternoon, ladies and gentlemen. I'd like to introduce myself to those of you who I've not yet had the opportunity to meet. I'm Tim Netscher, and I'm privileged to be the Chairman of Gold Road Resources Limited, and also the Chair of this afternoon's annual general meeting. For those unable to join in person, I'd like to warmly welcome those who are participating via our online meeting platform. Before making some opening remarks about the past year, I'd like to acknowledge the traditional custodians of the land on which we meet here, 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 owners of the lands on which we mine, the Yilka Talintji people and the Nganiku people, with whom we have strong and respectful relationships, and I pay my respects to their elders, past and present. Additionally, I'd like to acknowledge the traditional owners of all the lands on which we carry out our exploration activities across Australia. We are committed to equally strong and respectful relationships with these traditional owners. It's with pleasure that I now declare the meeting open, and I formally welcome you to the annual general meeting of Gold Road Resources Limited. I'm joined here today by my fellow directors, our Managing Director and CEO, Duncan Gibbs, and my fellow non-executive directors, Brian Levet, Maree Arnason, and Denise McComish. I'd like to also welcome members of the Gold Road leadership team who join us. They are John Mullumby, 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. I gather she's on country today, so she's not with us. Jessica Logan, General Manager, People and Culture, and Mark Lindsay, General Manager, Discovery. Also present here today is Keely Woodward, as Joint Company Secretary, and representing our auditors, KPMG, are Graeme Hogg and Glenn Brooks, while Lisa Irwin, from the company's share registry, Computershare, will act as Returning Officer for the poll. I'd like to take this opportunity to express my gratitude to Graeme Hogg for his dedicated service as our audit partner over the past five years as we transition to Glenn Brooks as our company's new audit partner. We meet here today to reflect on the past year, a year characterized as a year of records. 2023 saw us deliver record gold sales of 161,472 ounces, which in turn generated record EBITDA of AUD 250.1 million, and a record net profit after tax of AUD 115.7 million. Record free cash flow generation of AUD 140.2 million allowed us to continue to make two dividend payments to shareholders during the year. This is the third successive year in which we have rewarded shareholders with both an interim and a final dividend. Our company has just completed its fifth year of being a safe and profitable gold producer. The Gruyere Gold Mine, our 50/50 joint venture with operator Gold Fields, has now achieved well over 1,000 days without a lost time injury. This is an amazing achievement for all concerned. Our people, their safety, and the environment in which we work remain our most important priorities. Gruyere continued to operate in complex and uncertain times. Throughout 2023, we faced a number of external challenges, such as a tight labor market, supply chain pressures and elevated fuel prices, and at times, unpredictable and significant weather events. As reported at the time, late last year, these issues caused mining rates at Gruyere to not ramp up as quickly as planned. Pleasingly, Gold Road, together with Gruyere's operator, Gold Fields, and Gruyere's mining contractor, MACA, diligently and promptly worked through these issues. I commend the combined team for the speed with which this underperformance was addressed. I must also commend all parties for the professional way in which they managed operations at Gruyere earlier this year, when in March, the Eastern Goldfields area was hit by a significant and sustained regional rain event that forced the temporary cessation of open-pit mining activities, as well as the closure of access routes to Gruyere. The team's performance in safely ramping down Gruyere's operations in response, and then back up to record mining rates following the rain event, was a tremendous achievement. Now, it's quite glib to say that, but in reality, the closure of Gruyere access routes effectively meant cutting the site's lifeline. Critical supplies, such as diesel for the mining fleet, cyanide, ball mills, lime, et cetera, for the ore processing plant, and even food for the hundreds of people in the accommodation village, could not be delivered to site. The team worked together tirelessly to firstly, quickly identify alternative, albeit longer, supply routes, including air deliveries, and secondly, to assist the shire in the significant task of rebuilding the severely damaged access roads, at all times working cooperatively with our local community. The Gruyere team and the many support people at Gold Fields and Gold Road who stepped up to the plate can feel justifiably proud of the results that they achieved. I'm pleased that this same team is now leading the catch-up of the production lost through the event, which makes me feel confident that we have a really good chance of achieving our annual production guidance despite all that disruption. Duncan will talk further about these recovery and catch-up activities in his presentation. But back to the year in review. 2023 marked 10 years since Gold Road discovered the Gruyere deposit, and in April 2023, Gruyere produced its 1 millionth ounce of gold. The Gruyere JV retains an ore reserve of 3.67 million ounces, a reminder of the potential still available to shareholders even before the JV confirms any potential future underground mining activities. World-class discoveries like Gruyere are only made, at best, a few times in a decade, and Gold Road is in a privileged position of having an asset capable of continuing to deliver long-term, sustained value to our shareholders. Notwithstanding this enormous inherent value in our half share of Gruyere, your board and leadership team have continued to assess opportunities to add further value to shareholders. I'm proud to say that Gold Road has established a reputation for disciplined and value-driven approach to profitable growth through acquisitions, which specifically includes adherence to the principle of transacting at fair value. We are driven to profitably grow, and so we'll continue to look at all strategic opportunities, but we will not pursue growth for the sake of growth. A good example is the recent potential transaction, which was reported in the media during April of this year. We viewed the Greenstone Gold Mine in Canada as a good strategic fit, joint venture opportunity with many similarities to our own Gruyere Gold Mine. The overall strategic rationale was supported by the majority of our shareholders. However, we chose to formally withdraw from the sales process when it became apparent to us that the likely purchase price would exceed our value proposition. Now, during the year, Gold Road consolidated its position as the largest shareholder in De Grey Mining, which of course, owns the Hemi discovery in Western Australia's Pilbara region. As many of you would have seen, De Grey completed a capital raise this month, which Gold Road supported through the uptake of our rights in the entitlement offer. Our current 17.85% strategic stake continues to give us significant optionality as De Grey advances Hemi's development. I'm also pleased to say that we acquired this position at value, and I feel that also demonstrates our ongoing discipline when it comes to value for our shareholders. Gold Road's also progressed our Australia-wide exploration footprint with a particular focus on the Mallina project in the Pilbara, and our project in northeastern Queensland. Your company is applying the same exploration rigor that led to the discovery of Gruyere, and we are excited about what our first on-the-ground activities are indicating. We look forward to systematically building on this foundation in 2024 and beyond. In his briefing, following the formal part of today's meeting, Managing Director and CEO, Duncan Gibbs, will provide an update on our growth strategy, including our highly prospective exploration projects pipeline. In closing, let me simply reiterate that it is your company's strong belief that our production and growth must be sustainable, and we put a lot of effort into this. Gold Road continues to be proud of our inclusion in the prestigious Dow Jones Sustainability Index Australia, and we are one of the few Australian resource companies to be included in this index. At Gold Road, we also value diversity and have worked hard to create an inclusive culture, as was recognized through the receipt of the AMEC Diversity and Inclusion Award for 2023. You can read more about our sustainable progress in our 2023 sustainability report, which is available 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 19 April 2024, will be undertaken by means of a poll. At the completion of the poll, Duncan Gibbs 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. Now, 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. 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're 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 will respond to those questions 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, 24th of May. That's tomorrow. I declare for the record that a quorum is present here at the Melbourne Hotel, being the venue stated in the notice of meeting. The purpose of the meeting is set out in the notice of meeting dated 19 April 2024, and 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 voting 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 before you. You could 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 of you present at the physical meeting, a poll will be conducted shortly after the final resolution has been put to the meeting, including any questions addressed in relation to those resolutions. If you need to leave early, please put your voting paper into the box provided by Computershare staff located outside the room. The first item of business relates to the financial statements and reports of the directors and the auditor for the twelve months ended 31 December 2023. As noted earlier, Graeme 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. Now, we've received no questions in advance of the AGM in relation to the financial statements, so we'll now open up to the audience for any questions from shareholders relating to the financial statements. Do we have any questions from shareholders? Julie, are there any questions relating to the financial statements from our online participants? There are no questions, Tim. Thank you, Julie. With no questions on the financial statements, we'll now proceed to the second item of business, being the adoption of the remuneration report. So we now move on to agenda item one, resolution one, the adoption of the remuneration report. The resolution and the number of votes cast for this resolution so far are on the slide before you. The remuneration report is contained in the company's annual report for the 12 months ended 31 December 2023. 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 19 April 2024. As an aside, you'll notice that on all remuneration resolution matters, a number of abstentions have been recorded. For the record-... As has always been the case in this company, 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 remuneration. In accordance with legislation, the vote on Resolution one is advisory only and does not bind the directors of the company. However, the board will take the outcome of the vote into consideration when reviewing our remuneration practices and policies. I note that there was no first strike at the last annual general meeting, and accordingly, there will be no spill resolution held at this meeting. I'll now address questions in relation to the remuneration report. Do we have any questions from the physical audience present here? Julie, are there any questions relating to the remuneration report from online participants? There are no questions, Tim. Thanks, Julie. So we now move on to agenda item two, resolution two, the re-election of Director Ms. Maree Arnason. Maree's qualifications for the role are listed in the notice of meeting and on the screen before you. I will now ask Maree to speak briefly, to her re-election. Thanks, Tim. I've served on the Gold Road Board as an independent non-executive director since June 2020, and I'm delighted to put my name forward for re-election by shareholders for a further term. During this time, and under the leadership of our board chair, Tim Netscher, we have not only maintained our strong focus on the Gruyere mine and our 50/50 joint venture ownership agreement with Gold Fields, but have prioritized and pursued growth opportunities that we consider offer the best strategic fit. The exploration team has expanded focus from the Yamarna Greenstone Belt into quality projects, including in the Pilbara and Queensland. Corporate development activities have included the acquisition of DGO and their strategic interest in the De Grey Mining. The team has demonstrated diligence and discipline in looking for other credible and complementary growth opportunities. Activities in this area fall under the Board Growth and Development Committee that's led by Director Brian Levet and our MD and CEO, Duncan Gibbs. Since I joined the Gold Road Board, I've chaired the Risk and ESG Committee, and I also serve on the board committees of Audit, Nomination, and Growth and Development. For the Risk and ESG Committee, we largely look at areas of non-financial risk. This includes safety, environment, Aboriginal engagement and employment, cyber, diversity, renewables, community, and people. Our risks, which can also be opportunities, captures items in a global context, such as geopolitical environments and the gold market, and in a local environment, items such as supply chains. I would like to take this opportunity to acknowledge Gold Road's past leadership and frontline employees, who well over ten years ago, forged a positive and respectful relationship with the Yilka Talintji people, the traditional owners of the land in which the Yamarna operation and Gruyere mine are located. Earlier this year, with my fellow director, Denise McComish, we were honored to be welcomed onto country by Yilka, and this was to further understand the long-term relationship that has created opportunity for shared understanding and also economic benefits. To date, Gold Road has delivered four sustainability reports and has strong performance in Aboriginal employment, environment, regulatory compliance, and diversity. We've also achieved, as Tim, Tim's mentioned earlier, membership for the third year in the Dow Jones Sustainability Index for Australia. We're one of only two mining companies outside the ASX 50 to be listed. During this time, we've also received many external acknowledgements, and Tim's mentioned one. Another is receiving the Australasian Reporting Awards, Bronze Award for our sustainability report, with a focus on transparent reporting. Our performance is thanks to the excellent work of the whole Gold Road team, but I'd like to particularly mention the leadership of Sharon Goddard, our General Manager, Social Performance and External Relations. Critically, from a planning perspective, we want to be transparent with stakeholders about where we are positioned for future regulation and global climate reporting requirements. Our social license is always front of mind and integrated into our decision-making. As you would appreciate, our sustainability performance is crucial to our social license and overall business performance. How our exploration and future developments are acceptable to stakeholders, including local communities and governments. Finally, from an investor perspective, our environment, social, and governance performance is also important for future approvals, access to land, access to capital, and delivering long-term shareholder value. Thank you. Thank you, Maree. The resolution and the number of votes cast so far for this resolution are on the slide before you. We've received no questions in advance of the AGM in relation to the re-election of Director Ms. Maree Arnason. We will now open to the audience for any questions from shareholders relating to the re-election of Ms. Maree Arnason. Julie, are there any questions from online participants in relation to this resolution? There are no questions, Tim. Thank you, Julie. In the absence of any questions, we will proceed to the next item of business, which is agenda item three, resolution three, grant of long-term incentive performance rights to the Managing Director and CEO, Mr. Duncan Gibbs. That's the 2024 to 2026 LTI program. The resolution and the number of votes cast so far for this resolution are on the slide before you. We'll now then move to the next item of business, which is agenda item four, resolution four, the grant of short-term incentive performance rights to the Managing Director and CEO, Mr. Duncan Gibbs, the 2024 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 three and four, so we will now open to the audience present here for any questions from shareholders relating to items three and four. In the absence of questions here, are there any questions from online participants, Julie? There are no questions, Tim. Thank you very much. In the absence of any questions on all the resolutions, we'll now proceed to the poll. We will now conduct the poll for those shareholders in the room on all resolutions as laid out in the notice of meeting and as just 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 details 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 vote. Please ensure that you print your name where indicated and also sign the voting paper. When you're finished filling in your voting paper, please lodge it in a ballot box to ensure that your vote is duly counted. If you require any assistance, please raise your hand. For those online, please ensure that you have cast your vote on all resolutions. I will now, in my capacity as chairman, vote all director proxies in accordance with the directions provided by shareholders. As advised in the notice of meeting dated 19 April 2024, I will also vote available undirected proxies in favor of all resolutions. It looks to me like, most people have cast their votes. Please raise your hand if you do need more time. Okay, looks, looks like, everybody in the room has cast their vote. So I'll shortly close the voting systems. So with no further votes to be collected, I declare the poll closed in the room as well as online. Lisa Irwin from Computershare will act as the Returning Officer for the purposes of conducting and determining the results of the poll on each resolution, and 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 Duncan Gibbs, who will give you an update presentation on the company, after which time we'll open the floor for general shareholder questions relating to the company's operations. Thank you, Duncan. Thank you, Tim, and thank you to our shareholders for participating in today's AGM, both in person and online. Clearly appreciate your interest in your Gold Road investment and, of course, your support in being here today. You can find the normal disclaimer slide, which you can, of course, read online in detail, and that will be on the website or the ASX platform. You've already been introduced to the board and the Gold Road executives, most of whom are in the room today. And for those in the room today, I do encourage you to stay on and talk to the executives, and in fact, a lot of the Gold Road team who are here today, after the formal presentations conclude, and chat to them about any questions in their areas of individual accountability that you may have. As your chairman has communicated in his opening remarks, a snapshot of 2023 was one of a highly profitable business, with record levels of profitability and record cash flow. An important producer with an enviable safety record at Gruyere, with more than 1,000 days without a Lost Time Injury. As shareholders, I'm sure each of you are very familiar with the Gold Road story, which was founded on the discovery of Gruyere more than 10 years ago in 2013. Gruyere is one of a small group of elite gold discoveries that has been successfully brought online in production in the last 10 years, and most importantly, has created wealth for those initial shareholders. In the case of Gruyere, it was achieved by an innovative financing and development strategy, where Gold Fields was introduced as a JV partner, and the sell down of a 50% interest effectively funded the development of Gruyere without an equity contribution from shareholders. As the chair has remarked upon his opening presentation, Gruyere both generated very significant profit and cash flow for 2023, and more importantly, but more recently, has faced a series of headwinds with mining contractor staffing shortages and of course, the epic flooding event. Pleasingly, with operations now restored, we are seeing signs of Gruyere returning to what it should be, a 60 million tons per annum mine, a 10 million tons per annum plant, producing 350,000 ounces of low-cost gold per year. Gruyere provides an engine room for growth, with many years of strong cash flows. While we've experienced a few speed bumps in the recent months, Gruyere remains a high-quality, long-life asset. The operation was constructed to high standards, and the plant is operating well above feasibilities level design of 7.5 million tons a year. In 2023, we invested optimization pebble on- capital on the pebble crusher to debottleneck the mill. And as I will show you, the evidences were pointing towards achieving a 10 million ton per annum annualized gold throughput rate. Perhaps less well understood in the market is the growth we have enjoyed in attributable resources, with more than 1.2 million ounces of gold added at Gruyere and Yamarna since the start of Gruyere in 2019. This is in addition to attributable gold production of 700,000 ounces, with the Gruyere JV celebrating 1 million ounces of production back in April last year. Since first gold, approximately 1 million ounces of Gruyere resources have been converted into the ore reserve, adding around three years of mine life, noting that's also at higher levels of gold production. I will discuss our ongoing Yamarna and Gruyere exploration effort, and how we see these resources being developed over time later in the presentation. As a gold producer, we are one of the very few globally who conduct exploration to find a new mine, and one of the only ASX 200 gold producers to do so at scale as a core part of our strategy. Finding new mines is a different skill set to drilling off mine extensions. Indeed, it's a skill set that is largely being lost to the Australian gold sector. I will cover our exploration activities in more detail later in my presentation. However, in overview, we have explored Yamarna intensely over the last four to five years since the initial gold production of Gruyere. Despite good technical work, unfortunately, the level of success necessary to develop a second mine has not been forthcoming. With the increasing maturity of exploration at Yamarna, we have diversified our exploration activities over the last two years and now hold a nationwide portfolio…. As I will illustrate, our exploration properties now include some great drill-ready targets to be tested in 2024. New mine exploration, of course, is high risk, but also very high reward. I'm increasingly optimistic that we have both the team and the tenements to enter that reward stage. Our DNA as an explorer was fundamental to our initial investment in De Grey Mining. Our conviction to complete the takeover of DGO Gold to acquire the initial 14.5% position was made prior to De Grey releasing a pre-feasibility study or reserves. Without full asset-level due diligence, and at a time when De Grey was a relative unknown, particularly in the major North American and European markets. De Grey, of course, now represents a material investment for Gold Road. The scale and quality of the Hemi discovery as it continue to evolve, and of course, De Grey is now well, well-known in the market and by every major gold mining company. As they should be, as the only tier one Australian gold discovery made since the discovery of Gruyere nearly a decade ago. The uplifting value of our De Grey shareholding from a total acquisition and purchase cost perspective exceeds five years of Gold Road's corporate costs, and our 17% position, of course, gives us a seat at the table in the future development of Hemi. As a company, we are strongly focused on growing the company and creating shareholder value, and we'll continue to consider options that make business sense for Gold Road shareholders. We will, of course, consider our position in De Grey in the same context. Gold Road has a simple strategy to create shareholder value through a combination of optimizing Gruyere, discovering new mines, and growth by disciplined M&A. While Gruyere is a high-quality asset, the issues of recent months highlight the challenges of being a single-asset company and a strategic rationale for growth. In recent years, we've invested effort in improving our ESG credentials as part of an evolution from an exploration junior and fledgling, ex-exploration junior and fledgling producer. The success of any business, of course, depends fundamentally on people and the well-designed business systems that enable productive work. I'm proud of the team that we have put together and have confidence in the skills and systems we have implemented provide the foundations to grow and sustainably perform as a company. We've been showing that previous slide now for some time, and the strategy remains disciplined and unchanged. Gruyere delivers an excellent platform to grow a bigger and more profitable business. As I said earlier, our organic growth strategy has driven, has driven significant shareholder value in terms of increased resource and reserve ounces. We've also been successful in our organic growth efforts and added substantial value for investments, and in some cases, the sale of investments. We have been doing this in tandem with our exploration efforts for several years now. We've made no secret that we would actively consider acquisitions, and we'll continue to look for opportunities to acquire quality additions to our mine portfolio. However, all growth must be disciplined, and it has to offer value to you, our shareholders. As noted, we are focused on improving our ESG performance to deliver sustainable gold mining. ESG has become an important market screen for the major banks, some sectors of the equity market, particularly the major index funds and Australian super funds. ESG is of increasing importance to provide access to capital, access to land, our social license to operate with community, government, and also employees, all of which are, of course, necessary to sustain and grow a company, and particularly a mining company. Across the sustainability metrics, we have industry-leading gender diversity at the board, the executive level, and across the business. With considerable effort, we have one of the highest levels of First Nation employment. We have committed to developing a reconciliation action plan in 2024. We are also certified at Gruyere for safety, environment, and energy. Gruyere is also certified under the Cyanide Code. Gold Road and our exploration team is also certified for safety and environment, and in current times of the omnipresent threat of cybersecurity, we are aligning ourselves to the ISO code for ICT systems. We produce gold safely, and I anticipate Gold Road's LTIFR will drop to zero in the next few weeks. Gold Road is a member of the UN Global Compact and one of just 12 - only 12 Australian mining companies who are members of the Dow Jones Sustainability Index. In summary, our ESG performance, as assessed by ratings agencies, now consistently ranks us among the global gold producers and well ahead of our ESG peer group. In 2023, we celebrated 10 years from the discovery of Gruyere. It's been quite a journey of value creation over that 10 years, from the early milestones of a maiden resource, growth of that resource to greater than 5 million ounces, the formation of the Native Title Agreement, and our valued relationship with Yilka. The Gruyere project was commissioned in 2017, following the joint venture with Gold Fields, and then produced first gold in 2019. It's one of the few projects delivered on time and on budget, without dilutive equity raises to our founding shareholders. We have consistently been profitable since 2020, and have consistently paid a fully franked dividend from 2021, within two years of first production. The plant has been optimized from an initial 7.5 million tonne per annum nameplate design, and is heading towards the 10 million tonne per annum target rate. The resource has grown by 2.4 million ounces, in addition to the 1.4 million ounces of gold produced. The reserve has grown by greater than 1 million ounces and more than three years of mine life added. It's been a great 10 years for shareholders. In 2023, 10 years from discovery, was one of record production, record cash flow, and record profit, with a fully franked AUD 0.02 final dividend per share paid. The record 2023 cash flow and profitability was underpinned by record gold production and aided by the strong gold price environment and our unhedged gold position. Despite being a record year, 2023 fell short of our targets, largely due to the mining contractor labor recruitment issues, as we communicated at the time, and resulted in our 2024 guidance being set at a level below our and your expectations. As we enter 2024, the plunging nickel price has gone a long way to resetting the availability of personnel. For Gruyere, this resulted in a large contingent of contract personnel moving to Gruyere around the end of February. After some tough conversations about performance, the JV partners have worked collaboratively with the mining contractor to lift productivity levels at Gruyere. The indications in late February and early March were encouraging, with daily performance back in line with our targets. Of course, then came the flood. The sustained and unusually protracted rain event over a very large area of the Eastern Goldfields has been reported by some as a one-in-1,000-year event, and causing more than AUD 100 million of damage to the Shire of Laverton's road infrastructure. For Gruyere, the direct site impacts were relatively modest, with some mining and some mining plant downtime. The bigger impact arose from the gravel roads to Gruyere being impassable for nearly two months. The same rain event was widespread. Even the Perth residents were affected, with the main railway line from the east flooded for three weeks, resulting in empty supermarket shelves. The recommencement of operations took until mid-April, with what I have previously described as a Herculean effort to recreate supply chains from the Northern Territory and South Australia, or navigate the 9,200 km round trip from Perth. The Great Central Road was reopened at the end of April, with our supply lines now reverting to normal. We learned a few things from East Coast vendors, including that some may be able to provide better, lower-cost or alternative services, particularly when sealing of the road, which forms part of the Outback Way, is finally completed. The Outback Way is a nation-building third highway across Australia, that has bipartisan support from three states and the federal government. It is widely supported by all the communities and local government authorities along the route. While the road has unanimous support, the common frustration is getting through the legal details so it can be built much faster. When constructed, the road will significantly reduce the impacts of major rain events to communities, to miners, and of course, even you in Perth. In the meantime, we are continuing to work with the Shire of Laverton to maintain parts of the road that cut our supplies during March and April. Having navigated the flood as best we could, the mine is now up and running. The June quarter will be impacted by the road situation in April. However, we anticipate much stronger second half performance and delivery within 2024 guidance. The recent performance at Gruyere is as illustrated by the graphs on this slide, which demonstrate in recent weeks, we're achieving record rates of mining and record rates of plant throughput. We are clearly meeting or exceeding the run rates required of a 60 million tonne per annum plant and a 60 million tonne, sorry, a 60 million tonne per annum mine and a 10 million tonne per annum plant. On a 1.3 gram per tonne ore body, these are the essential ingredients for achieving 350,000 ounces of annual, annual production. To get back to 1.3 gram mil feed grade, without the need to blend from lower grade stockpiles, requires that we, we increase the ore exposed for mining. As the picture on the... of the pit of Gruyere illustrates, accessing the ore requires and is getting an intensive focus on mining in the stage 4 pit area to advance the mining benches to the same level as stage 3. In time, the stage 5 pit area, which is entirely currently waste movement, becomes important to sustain, sustain the ore supply to the plant from 2025. A new 600 tonne shovel is currently being assembled at Gruyere, and we anticipate it will be operating in June. The new shovel, committed as part of the contract with MACA, will enable us to achieve higher bench turnover rates and get back on track with total mining movement for 2024, despite the rain event and the mining performance issues of late 2023. With increasing confidence that Gruyere is turning to levels of performance that we expect, we can return our focus to the longer-term outlook and future growth prospects. As this slide illustrates, sorry, this slide summarizes the Gruyere joint venture and Gold Road's attributable mineral resources within the entire Yamarna Belt. The map on the right illustrates in yellow the footprints of the Gruyere joint venture with Gold Fields, and the majority of the Yamarna Belt, of course, held 100% by Gold Road. While we haven't found mine two at Yamarna, we have successfully grown a mineral resource by an attributable 1.2 million ounces, and that is after our attributable production of 0.7 million ounces. As part of the Gruyere JV in 2023, and in recent years, Gold Road has managed to drill out of the Golden Highway trend, located approximately 25 kilometers to the west of the Gruyere plant. The JV is now working on the detailed mining studies and gathering the information required for permitting and approvals, with the aim of mining commencing from around 2026. The Golden Highway, with a reserve of around 300,000 ounces, will augment the ore supply to Gruyere over an approximate three year mining period. Returning to Gruyere. At Gruyere, we see opportunities for further resource and reserve growth, e.g., providing extensions to the mine life well beyond 2032. Looking beyond the current open pit mining, underpinned by the ore reserve, are the options of further expansions to the Gruyere open pit and underground mining beyond whatever is the ultimate open pit. Now that Golden Highway drilling is complete, the JV has returned the exploration focus to Gruyere. The rigs are now turning, targeting the immediate extensions below and to the north of the pit. Conceptual-level studies of both the open pit and underground mining are currently in process by the JV and will likely set the longer-term development pathway. The Gruyere ore body likely extends to considerable depth and likely off the bottom of this long section slide. The successful demonstration of underground mining method will open up a multi-decade future for Gruyere, albeit likely at reduced future production rates, as is typically the case of open-pit mines that have made the transition to underground. The successful demonstration of underground mining has favorable implications for a decarbonization journey, with the investment case for what are high capital, long-life, renewable energy assets greatly enhanced by a longer mine life to amortize those investments. Gold Road is acutely aware of the need to decarbonize. Our renewables projects to date at Yamarna and Gruyere have been accretive investments. Our future investments similarly need to be financially responsible. Beyond the Gruyere implications for a decarbonization journey, with the investment case for what are high capital, long-life, renewable energy assets greatly enhanced by a longer mine life to amortize those investments. Gold Road is acutely aware of the need to decarbonize. Our renewables projects to date at Yamarna and Gruyere have been accretive investments. Our future investments similarly need to be financially responsible. Beyond the Gruyere JV tenure, as illustrated in yellow, Gold Road holds a dominant position within the Yamarna Belt, with 500,000 ounces of 100% owned mineral resources identified. Our exploration in recent years has not delivered the major new discovery necessary for the development of a second mine. However, we have identified multiple deposits on the western side of the Yamarna tenure. These deposits extend both south and north of the Golden Highway and are located on the same structure, the regionally extensive Yamarna Shear Zone. Given the results we are seeing, our strategy has shifted from mine orientated exploration to drilling off the resources we have. In time, we also intend to test other targets which may have potential resources, such as Earl's Find. The Yamarna Ready, Mine Ready- Readiness Project encompasses the drill out of these resources and the design of supporting infrastructure, and the environmental and permitting studies are designed for both Gilmore and a pipeline of deposits that are likely to follow. The work program in 2024 will focus on Gilmore, which is the most advanced prospect and is of higher grade. The Gilmore resource drill out commenced in January, but was also suspended by the March rain event. We have three drill rigs now back in action, doing infill drilling and testing the potential strike extensions to the mineralization to the north of the Walters Fault on the right-hand side of this long section. The program is targeted for completion extend, in September, but may be continued if we see further extensions to the mineralization. With the changing strategy at Yamarna, our Yamarna exploration discovery effort has shifted to new exploration properties we now hold across Australia. Approximately half of the total AUD 30 million exploration budget will deployed to Yamarna, with the focus I outlined on, at Gilmore. The other half of the exploration budget, focused on new mine discovery, will be mostly deployed across properties where drilling is planned this year. These properties include Greenvale in Queensland, Mallina in the Pilbara, and a new project, Balter, which is inland from Carnarvon in Western Australia. While we consider all exploration, all commodities in our exploration, including lithium, nickel, and base metals, when we examine our exploration data, our efforts are focused towards gold. The base metal-orientated projects at Yerrida and Stuart Shelf are farm-out JVs, where Gold Road retains a free carried interest in exploration. Our gold properties are all 100% owned and managed by Gold Road. In Queensland, we are looking for intrusion-related gold deposits. The best gold deposits in this region are hosted within diatreme complexes, such as the 3 million ounce deposits that were mined in the 1990s at Kidston and Mount Leyshon. At Greenvale property, limited drilling was completed by Normandy Mining late last century and intersected mineralization within one of these intrusive systems. The property has since been held privately for the last 20 years, with very limited exploration done during that period, and mostly with an interest in diamonds rather than gold. A single hole was drilled into the intrusions, the same intrusive system as the Normandy results, and intersected what is clearly a shallow-level, multi-phase diatreme breccia, the picture at the top right, a rock type known to host gold in the region. The past exploration has all of the geological ingredients we are looking for, and more comprehensive and deeper drilling is planned once we obtain the relevant land holder consents, which we anticipate gaining later this year. Exploration of the larger Galloway property, further to the east, is an earlier stage and is oriented towards keeping, creating drill targets for testing in 2025. At Mallina, located up in the Pilbara and adjacent to the land position held by De Grey, we hold two substantial tenement blocks. In 2023, following the acquisition of the property with the DGO takeover, our exploration was quite intensive. We collected a full suite of geophysical surveys, extensive soil sampling, and completed two phases of RC and diamond drilling. At one of the targets near the northern boundary of the tenement tenure, we intersected zones of greater than 100 meters wide of intensively altered intrusives over more than 500 meters of strike. Unfortunately, the gold mineralization intersected was mostly low grade and anomalous within the intrusion, with only a few narrow, high-grade veins, such as the numbers illustrated. We see the drilling here as a technical success. We found gold in the rocks that look like Hemi, what we were looking for, but not at the level necessary for an open pit or underground mine. Our exploration team continues with several targets identified largely by geophysics, to be followed up in 2024. We are currently doing extensive heritage surveys with the traditional owners that will enable us to plan and progress exploration drill, as drill results become available. The traditional owners have invited me to join the heritage survey up there next week, and so I'll be out there camping overnight and listening to their culture and stories. Balter, a new property we acquired early this year. The project area has no past his- exploration and no, no, importantly, no drilling. It's also not in rocks, typically on the, uh, shopping list of gold explorers. What it does have is two unexplained, 5 km long, strike extensive gold and soil anomalies, with rock chip results up to 5 grams and 19 grams per ton. Our exploration geologists are out there doing basic first-pass exploration, including soil sample, mapping, and rock chip sampling, with drilling scheduled for later in the year. As the discovery of Tropicana illustrated, when I led AngloGold's exploration team, success can sometimes come from following up soil anomalies in rocks that don't fit the classic geological models, where the geology is not understood, and in some cases, where the published maps are wrong. As the map illustrates, the Balter geology is very poorly understood. If there is economic gold in this inlier, then Gold Road will hold all of the upside. Despite the challenges of recent weeks and months, which I know has just been frustrating and painful for shareholders, including me, Gruyere is getting back on track to deliver strong, sustainable cash flows. I'm really pleased about how the operation has recovered from the sustained rain event, and I believe we are set up well for a much stronger second half. Gold Road remains a strong business with record cash generation and profitability in 2023. We see the optionality for growth at Gruyere as extending well beyond the open-pit mine life. Importantly, we have created options for growth beyond Gruyere. Our exploration efforts for Mine Two have pivoted from Yamarna, with now a nationwide exploration effort across quality properties and of course, backed by a high-capability team. We've been actively looking for M&A opportunities with a simple filter of seeking assets that generate free cash flow over the life of an operation. That simple criteria eliminates most of the opportunities that are available. The challenge in the M&A space is acquiring mines that makes money and at a price that creates value for you as a shareholder. As was the case with the recent publicity for Greenstone, we exited that process when it became clear the price didn't make sense to us. Our philosophy continues, and we are focused on delivering returns for you as our shareholders. Once again, I would like to thank the entire Gold Road team and the team at Gruyere who have worked tirelessly through the recent challenges. Thank you for participating in today's AGM. Right. Thanks, Duncan, for that in-depth presentation. We now open to the audience for any questions. We have one over there. Dr. Simon? Yeah. Greg Marusic is my name. Just on the question of exploration, you mentioned the figure AUD 30 million. Just out of curiosity, over, say, the past five years, how much have you spent on exploration, and what sort of return has that achieved? Look, we've been spending, you know, it was AUD 20 million five years ago, AUD 30 million now, so if you said put AUD 25 million, so if we + AUD 100 million over that five-year period. You know, clearly, the success area is 500,000 ounces of gold added at Yamarna and, you know, the significant growth that's occurred at Gruyere. You know, what we haven't been successful in doing is finding the second mine. And as I indicated, you know, that's the tough bit of exploration. But, you know, you have to keep persistent, and of course, if you're successful, that's how you create a company like Gold Road. Steven Thomas, shareholder. I was wondering if you might make some comments on what was attractive in the Greenstone situation. Was it an advanced play, a development play, or was it an operating mine? What was the appeal there, just to understand your thinking there? Look, I guess, you know, in general terms, large-scale operation, around about 400,000 ounces of annual production. From a technical point of view, very much within our kind of skill set. Large-scale open pit mining, same kind of mining fleet as used at Gruyere. Archean greenstone gold, 10 million tonne per annum plant. If you kind of lined up a list of technical criteria, be kind of a similar scorecard sheet that you'd have for Gruyere. Joint venture, where we wouldn't be the managing partner, the other party would. I guess our view was, you know, we are well-versed in managing joint ventures. That probably made it so, you know, most of the gold majors would not be interested in our assets, so we saw there was potentially a window of opportunity to become an investor in a less competitive space. So high quality, long life asset, where potentially we could get it at an attractive price. So that was our motivation for looking. Probably worth also noting that, you know, investors, Australians going to Canada, the track record has not been good. I would also characterize most of those investments about buying more mature assets, turnaround stories, Australianizing mining. We were really looking at quite a different thematic to that past track record. Kevin Bowman from the ASA. With all your resources and your tilt at Greenstone and your involvement with De Grey, are you sort of spreading yourself a bit thin? I mean, you talked about staff earlier on, and the fact you couldn't get... Well, you're stretched. Yeah, have you got too many balls in the air to sort of focus on one or two and make sure they work? I think we can walk and chew gum at the same time, but I'll let Duncan answer that. He's stolen my quote. I was gonna say the same thing. Look, and look, the staffing challenges at Gruyere were not really getting either Gruyere personnel or, you know, Gold Road personnel. It was really through the contractor. So your mining truck operators and what have you. As I've indicated, we see that as solved, you know, partly through the labor market and partly through, you know, an intensive effort. In fact, Gold Road's, you know, labor turnover rates are, are very low and, have diminished quite a lot in the last 12, 18 months, you know, partly as, as where the labor market now is. The team at Gold Road has been assembled very carefully over quite a long period of time. I'm very proud of the team we have, and they're very capable to do that full spectrum of activities. George DeSantis. Just a quick question on De Grey. How do you see that developing, and when might Gold Road start seeing real benefits from that investment in De Grey? Look, I think we can already say that we have real benefits, 'cause if you look at our average purchase price, it'll be a little over AUD 1 a share. And, you know, De Grey are clearly trading above that level, you know, persistently, and their most recent equity raise was done above that level. So, you know, just purely as an investment, it's worth somewhere in excess of AUD 100 million. So, we went into it originally on the basis of the worst case scenario. Look, I think we can already say that we have real benefits, 'cause if you look at our average purchase price, it'll be a little over AUD 1 a share. And, you know, De Grey are clearly trading above that level, you know, persistently, and their most recent equity raise was done above that level. So, you know, just purely as an investment, it's worth somewhere in excess of AUD 100 million. So, and we went into it originally on the basis of the worst-case scenario is we may make money out of this purely as an investment and at some point exit our position. In terms of the future, you know, I think that can play out through many different ways. But one way or the other, we're still exposed to clearly what is the best discovery in Australia subsequent to Gruyere. Any questions from online, Julie? Yes, we have some questions, Tim. I'll start with the first one. It's from Connor Mitchell. It's: Are you happy with the current mine performance, and how confident are you that 2024 guidance will be achieved? Look, hopefully I'll cover a fair bit of that in the presentation. You know, clearly, we started off with some challenges last year and, and early this year. And we've had the flood event. But I think the team up there, led by Russell Cole, doing a fantastic job. They navigated us very well through that flood event. And, you know, clearly, we're now hitting record rates of mining, record rates of plant throughput. You know, we need to get the runs on the board, but I think that's very much setting us up to deliver, this year's guidance. A lot more comfortable that, you know, we're gonna hit that now than, you know, probably I was a couple of months ago when we were in the middle of, Noah's Flood. Still plenty of opportunities, I think, at Gruyere, with the right leadership to drive future performance even above what we're seeing now. The next question is from Olivia Campbell, and it's: The 500,000 ounces at Yamarna, what is the soonest time you could get these into production? Look, we... I mean, I guess we're wrapping that up as what I termed our Yamarna Mine Readiness Project. You know, as it's scoped and what have you, our target's to get Gilmore ready to be mining by 2026. Really, that's this year is drilling off the resource reserve. We've got to work through all of the data collection for environmental studies, work through native title agreement. In fact, Sharon Goddard's up on site as part of that kind of work today. I, I think that's quite a reasonable target to, in terms of when Gilmore can be ready. Obviously, we could extend the drilling if we get favorable results and things like that. The time we actually choose to process Gilmore, I think depends on, how the interaction of mining and the plant goes. You know, if the plant keeps churning out tons like it is at the moment, potentially creates a gap in filling the mill, which is a great opportunity for us. I mean, the greatest value that Gilmore has to Gold Road is to fill surplus capacity in the plant. So that's partly what we're positioning for. It is a higher-grade deposit, and you know, certainly can add quite a significant value for Gold Road. Also, just for clarity for shareholders, so there are two sources of additional source of ore for Gruyere. Aside from the Gruyere open pit, there's the Golden Highway, which is well advanced to delivery, and then the Gilmore, which is 100% owned by ourselves, as well. So good optionality in terms of ore sources being developed where there wasn't any before. Any other questions? We've got one final question from Liam Anderson, and it's: Where are you drilling at the moment, and what is the plan for the rest of the year? Yeah, so look, we've got three rigs currently turning at Gilmore. They'll continue over the next few months. Some of that will move into wider Yamarna drilling. Gruyere, drilling underneath the pit with a rig, drilling quite deep holes, of course. I think we've got a water drill rig over at Gilmore, over at the Golden. I think we'll still successfully execute the planned programs for the year. We're doing a bit of catch-up work at Gilmore at the moment. We've just got some extra last-minute questions that have come in, prompted by these responses. We've got one from Brian Barros, and he asks: The exploration potential at Yamarna, is it pretty much exhausted? Is that the correct interpretation? Look, we still think there are a few quite promising targets. Unfortunately, they also have access to China challenges. You know, and we have clearly turned Yamarna into a more exploration, you know, mature exploration region than where it was five years ago. So I wouldn't say we've entirely given up on it, but we also see there's a need for us to start getting on with drilling off the resources that we do have and crystallizing value out of those. And, you know, we have to weigh up the best place to go and find mine, too, whether it's at Yamarna or elsewhere in Australia. We've got a question from Michael Archer, and it relates to the drilling at Morello. Could you tell us some more about the drilling program at Morello? Or he's said Morela, but I think it's Morello. Yeah. So Morello is really just part of, you know, the wider Gilmore area. We'd really see that as, effectively one small mine that, we'd end up trucking ore up to Gruyere. Might be one or two or three pits, don't know at the moment. But, you know, we've got some early indications that maybe there's a bit more on, Morello and Gilmore North side of things than, what we previously understood. So we're looking at, keeping the rig going there, over and above where we were kind of planning at the beginning of the year. There are no more questions. Okay. Thanks, Julie. Any further questions from our physical audience present here? Okay, ladies and gentlemen, as there's no formal business has been notified in accordance with the company's constitution, this now concludes the formal business to be dealt with today. And there being no further questions, I'd like to thank you for your attendance, and I declare that the meeting is closed. I now invite those shareholders present here in the audience to join us for some light refreshments, where I'm sure we can have some good further conversation around the topics that we've been talking about today. Thank you very much for attending today's meeting, and I now declare the meeting closed. Thank you.