Good afternoon, everybody. My name is Ian Murray, and as Chair of Jupiter Mines, it is my pleasure to welcome you to the company's 2025 Annual General Meeting. I would like to begin by acknowledging the Whadjuk Noongar people, on whose land we meet today. We recognize their continuing connection to land, waters, and culture. We pay our respects to their elders, past, present, and emerging. I also extend my acknowledgment to the local communities of the Northern Cape in South Africa, where the Tshipi Manganese Mine is located. We recognize their cultural heritage and long-standing relationship with those lands. I extend a warm welcome to all of our shareholders who are joining us both online and here in person. I am joined in person today by my fellow non-executive directors, Scott Winter and Sally Langer, with Kiho Han, joining us online from Sydney. We are also joined by our Managing Director, Brad Rogers, our Company Secretary and Chief Financial Officer, Melissa North, Kate Nguyen from MUFG, who's still outside at the reception desk, as our share registry representative, and Graham Hogg and Sharon Inglis from our auditors, KPMG. I'm privileged to provide you with an update of our business. The 2025 financial year was a record-breaking one for the Tshipi Manganese Mine, achieving record operational and sales results. This enabled Jupiter to continue its track record of outstanding returns for shareholders. Jupiter declared a total dividend of AUD 0.015 per share in financial year 2025, which included a final dividend of AUD 0.75 per share. Tshipi delivered its highest-ever mining volume during the year, totaling 15 million bank cubic meters, or BCMs. The mine processed 3.72 million tonnes of material and exported 3.6 million tonnes of manganese ore, setting new records for both of these. Group net profit after tax increased to AUD 39.9 million, up from AUD 38.9 million in financial year 2024. This result was supported by Jupiter's share from profit from Tshipi of AUD 42.5 million and manganese ore marketing fees of AUD 9.4 million. Since listing in 2018, Jupiter has declared AUD 425 million in cumulative dividends, equivalent to AUD 0.22 or AUD 0.22 cents per share. The total dividend paid for financial year 2025 represents a yield of around 6% at Jupiter's current share price. Since listing over seven years ago, our company has returned dividends totaling more than 80% of its current market capitalization, demonstrating the sustained value of the Tshipi operation, which has more than 100 years of potential mine life remaining. The 2025 financial year marked the midpoint of the company's five-year strategy, following its release in March 2023. Meaningful progress has been achieved across all four pillars, including optimizing logistics at Tshipi and strengthening sustainability performance. This is further evidenced by Tshipi achieving Level 1 Broad-Based Black Economic Empowerment status, or BBBEE. Level 1 is the highest level you can achieve. This BBBEE National Policy Framework is designed to promote the inclusion and participation of previously disadvantaged South Africans in the economy. This outcome builds on Tshipi's strong ESG performance over many years. The operation is now one of the highest-rated BBBEE performers in the Kalahari Manganese Field, joining one other in the region to have achieved Level 1. Our EV Battery Strategy strategy pillar also enhanced during the year progress made on the potential to pump pure manganese sulfide on a hard rake HPMSM from Tshipi's stocked low-grade manganese ore. this [audio distortion] from most battery-grade manganese at globally, we typically have manganese ore in the range of 20%. A pilot project in South Africa was successfully replicated to commercial conditions and confirmed the robustness of Jupiter's proprietary flowsheet. In addition to applications, the technology tends to be relevant to other emerging opportunities, such as stationary storage, robotics, and drones. Progress on this pillar of our strategy remains aligned with the market's pricing signals. Ongoing engagement with major EV manufacturers regarding investment decisions and the timing of study phases. Exxaro Resources announced during June 2025 quarter. The Exxaro announcement in June 2025 was an important development for Jupiter and provides a valid strategy in action. Exxaro's binding agreement requires a 51% interest in Tshipi and a 99% interest in Jupiter, represents a strong endorsement of both Tshipi and our company. The valuation based on these is grounded on the fundamentals of Tshipi, which is one of the largest and lowest-cost manganese mines. The board is supporting the transaction, which is expected to complete early in the calendar year. Exxaro brings industry experience and strong alignment with strategic direction, which creates a path for future collaboration. We see a clear pathway to working with Exxaro to strengthen [audio distortion] to ensure its partnership with us and support Tshipi's establishment, and for the instrumental role it played in developing Tshipi Mine into a core operation that it is today. During the year, we brought new independent non-executive directors onto our board. Sally Langer, who joined us over a year ago, and Kiho Han in April 2025. Sally has over 25 years of special services and resources experience and has already made a valuable contribution in her first year on the board. Kiho is Managing Director of Australia and, as a shareholder representative, brings extensive experience across raw materials and investment. I also want to take a moment to thank those board members who joined during the year. Patrick Murphy in September 2024, Peter North in November 2024, and Ben Kim in April 2025. I acknowledge the significant contributions on behalf of the company. Thank them and wish them well for the future. These changes are broadly renewal of the board and ensure that we maintain the right values and skills and experience to support the next phase of the strategy. Before I hand over to acknowledge Managing Director Brad Rogers, our company's CFO, Melissa North, the Jupiter team, and the Tshipi management for their hard work and dedication over the past year. I thank my fellow directors for continuing dedication to the company's interests. On behalf of the board, I also thank our shareholders, stakeholders, partners, and our community for their continued support. As we look ahead to build a strong foundation, we have established we remain committed to delivering sustainable value. [audio distortion] Point and questions are open for public participation and vote. All other attendees only are observers. Shareholders attending the meeting online will be able to vote and ask questions online. Prior to voting, questions will be taken for each resolution. Shareholders present here today can raise their yellow or blue shareholder cards to ask a question. Those shareholders on [audio distortion] the closing time for receipt of proxies, which was at 3:00 P.M. Australia Western Standard Time on the 24th of November 2025. The resolutions will be voted on by a poll, which will be conducted at the end of the meeting. The notice of meeting was sent to shareholders on the 24th of October 2025. If there are no objections, I propose the notice of meeting to be taken as read. The annual report for the financial year ended 30 June 2025 contains the director's report, the financial report, and the independent auditor's report. The financial statements for both have been approved by the directors and audited by KPMG. As required by Section 317 of the Corporations Act, these reports are tabled. I now invite. Please note only shareholders of Jupiter Mines can ask questions or make comments at this time. Please note all questions will be addressed firstly from the floor and then from the online portal. Are there any questions from the floor? There are no questions on the floor. Melissa, any questions online? No. Thank you. No questions online. I'll now move on to the resolutions. Resolution 1. Got the correct one up there? Yes. Resolution 1 is an ordinary resolution, an advisory vote on the adoption of the remuneration report for the financial year ending 30 June 2025, as included on the screen and in the notice. The directors recommend shareholders vote in favor of this resolution. I note the resolution is advisory only. However, the board will consider the outcome of the vote when reviewing Jupiter's remuneration policies. I also note that shareholders who are members of Jupiter's key management personnel may not vote on this resolution. Are there any questions? Firstly, in the room? No questions in the room. Anything online? Mel? Please now select either for, against, or abstain for Resolution 1 on your voting cost. Resolution 2 is an ordinary resolution concerning the re-election of myself as director of the company, as included on the screen and in the notice. I will ask fellow director Scott Winter to take the chair for this part of the meeting. Thanks, Scott. Okay. Thanks, Ian. The directors, other than Mr. Murray, recommend shareholders vote in favor of this resolution. I would now like to invite Mr. Murray to address the meeting. Thank you. Yeah, I'm up for re-election. I've been a director for three years. I joined the board 2022 as a non-executive and then took over as chairman once I'd freed myself of other commitments. My background is I'm a chartered accountant but moved into the mining industry in the mid-1990s. I obviously have the South African background, which was crucial in getting me the role on the board and as chair. Obviously, I've had over 20 years or close to 30 years' experience now in the mining sector. I'm available for re-election, put myself forward for re-election. I haven't missed a board meeting. We run a very good board at Jupiter, and I stand there on behalf of shareholders. Thank you. Are there any questions from the floor? Any questions online? No. Thank you very much. Please now select either for, against, or abstain for Resolution 2 on the voting card. Over to you. Thanks. Thanks, Scott. Resolution 3. Oops. Resolution 3 is an ordinary resolution concerning the election of Director Kiho Han, as included on the screen and in the notice. The directors, other than Mr. Han, recommend shareholders vote in favor of this resolution. As Mr. Han has been unable to join us today, we will now play a pre-recorded address from Mr. Han. Just press the green button again. Great. Financial address. My name is Kiho Han, and I serve as the head of Posco Australia in Sydney. It's a privilege to speak with you today as a non-executive director of Jupiter Mines. I've spent almost 25 years with Posco, working across raw materials strategy, investment, and procurement. I also spent three years in Perth managing Posco's investment in the Rock Hill Iron Ore project. Before moving to Sydney this year, I led Posco's Green Iron HPI investment project. Great. Financial holders. My name is Kiho Han, and I serve as the head of Posco Australia in Sydney. It's a privilege to speak with you today as a non-executive director of Jupiter Mines. I've spent almost 25 years with Posco, working across raw materials strategy, investment, and procurement. I also spent three years in Perth managing Posco's investment in the Rock Hill Iron Ore project. Before moving to Sydney this year, I led Posco's Green Iron HPI investment project, working closely with the Australian government and industry partners. As I joined the Jupiter board, my commitment is clear: to act independently on behalf of all shareholders and to support the strong governance, transparency, and the focus of the strategic direction. Jupiter is a highly strategic manganese asset with significant long-term potential. I look forward to contributing to a board culture built on integrity and long-term thinking. Thank you for the opportunity to serve. Thank you, Mr. Han, who's also online. Are there any questions from shareholders? Firstly, in the room? No. Mel? Any questions online? Thank you. Please now select either for, against, or abstain for Resolution 3 on the voting card. Resolution 4 is an ordinary resolution to approve the issue of short-term performance rights to Mr. Brad Rogers, Chief Executive Officer and Managing Director, as included on the screen and in the notice. The directors, other than Mr. Rogers, recommend shareholders vote in favor of this resolution. Are there any questions in the room? No. Mel? Anything online? Nothing. Thank you. Please now select either for, against, or abstain for Resolution 4 on the voting card. Resolution 5 is an ordinary resolution to approve the issue of long-term performance rights to Brad Rogers, Chief Executive Officer and Managing Director, as included on the screen and in the notice. The directors, other than Mr. Rogers, recommend shareholders vote in favor of this resolution. Are there any questions? Any questions in the room? No. Mel? Anything online? No. Please now select either for, against, or abstain for this resolution on your voting card. Resolution 6 is a special resolution to approve the renewal of the proportional takeover provisions in the company's constitution, as included on the screen and in the notice. The directors recommend shareholders vote in favor of this resolution. Are there any questions? Anything in the room? No. Anything online? Thank you. Please now select either for, against, or abstain for this resolution on the voting card. It has now come to the end of the formal part of the meeting. Please place your voting cards, these yellow things. Place your voting cards in the ballot box circulating in the room. If everyone has submitted their voting cards, I will declare the poll closed. I'll wait for Kate just to finish doing the rounds. Shareholders participating via the virtual meeting website should ensure their votes are submitted prior to the end of the countdown shown at the top of your screen. The result will be announced to the ASX after the conclusion of this meeting. Have you got them all, Kate? Good. Thank you. This has now come to the end of the formal part of the meeting. Please place your voting cards in the ballot box circulating in the room. Oh, sorry, I have read that one already. Thank you, ladies and gentlemen. I will now invite Jupiter's Managing Director and CEO, Brad Rogers, to update shareholders on the activities of the company. We will then be open to questions after that presentation. Thanks, Brad. Thanks, Ian, and thanks also for everyone in the room here in Perth and listening online. As usual, I am going to give a bit of an update in overview of the financial year just closed on which we are reporting today. I'll move into a bit of an update on where the manganese market is up to and also how we're progressing with respect to our strategy and outline what we are focused on for the financial year now commenced. At the end of that, as Ian said, we'll have some time for questions. The year just completed, FY 2025, continued an outstanding track record of consistency from Tshipi. You can see that on the page here. The chart on the top left-hand corner shows you that in respect of the target that Tshipi is seeking to achieve, 3.4 million tons per annum of manganese were sold and produced to support that ongoing sales level. We've achieved that every year, and we achieved it, in fact, slightly beat it in the financial year just closed. The ESG track record, as you've seen if you've reviewed our sustainability reporting, is outstanding. Tshipi 's safety performance benchmarked against the Australian surface mining average. You can see that Tshipi has consistently outperformed that benchmark and, as I've shown you previously, outperformed large Anglo American miners as well. Costs in the financial year just completed were $2.30. I'll come to how we're tracking post-financial year end in a moment. You can see there all the way back to the time of Jupiter Mines' IPO, a very consistent and efficient track record on costs at Tshipi. That places us very well with respect to the manganese price, as you can see there, notwithstanding we've been through a period where manganese prices have been somewhat muted. Tshipi has continued to pay profits, has generated cash, and paid dividends to Jupiter Mines and the other shareholders. That has resulted in, as we've shown this chart before, an outstanding Jupiter dividend payment track record. As Ian said a moment ago, since IPO, we've paid a cumulative AUD 0.22 per share to Jupiter shareholders based on that outstanding operating track record. That's a material part of our capitalization today, of our market cap today. Notwithstanding, Tshipi Mining has more than 100 years of mine life remaining at current sales track. The year has started off well. Now what I'm showing you is the September quarter just reported from Tshipi. You can see on many of those same metrics, sales is on track with one quarter out of the way for that full-year target of 3.4 million tons. Operating costs were actually slightly lower than the average for last year. That's a particularly good outcome considering the Rand strengthened against the dollar in that quarter. To improve on our full-year performance for last year, given that fact, was particularly impressive. Manganese prices, and I'll show you a bit more detail on the manganese market in a moment, have been very stable since about May of this year at levels around about four-year average levels. For Tshipi, given the costs I showed you a moment ago, that's a pretty happy place to be. I'll explain why the manganese market is in that fairly stable pattern in a moment. Tshipi cash, and again, this is 30 September number, is sitting at slightly above average levels. That's a combination of all of those other metrics that I've just shown you: strong sales, cost in check, and manganese prices at relatively favorable levels from a Tshipi perspective have all resulted in cash at the level you can see on the page there. Jupiter's share price, we keep showing this, and it's important that we do, given stable sales, low costs, the main driver of profit and cash at Tshipi, and therefore dividends. A pleasure to all. Are there any questions? Anything in the room? No? Anything online? Please now select either for, against, or abstain for this resolution on the voting.