Hello, welcome to Virtual Investor Conferences. On behalf of OTC Markets, we are very pleased you've joined us for our two-day Precious Metals and Critical Minerals Conference. The first presentation of the day is from Neometals. Please note you may submit questions for the presenter at any time. You can also view a company's availability for one-on-one meetings by clicking Book a Meeting. At this point, I am very pleased to welcome Chris Reed, Managing Director and Chief Executive Officer of Neometals, which trades on the OTCQX Best Market under the symbol NMTAY, and on ASX under the symbol NMT. Welcome back, Chris. Thank you very much, Lily. Good morning, America. Greetings from Down Under. Gives me great pleasure to tell you about Neometals, a company that I founded with my father 25 years ago. Just going to go through a couple of disclaimers. Developing gold and lithium operations is definitely in our DNA. I'm a fourth-generation miner. When we started the company, we developed my father's gold mine at Comet Vale. We then developed the MacIntyre Gold Operations, which was a larger operation. We then turned our hand to developing a lithium asset. We developed Mount Marion Lithium Operation with our partners, Mineral Resources and Ganfeng into what was then the world's second-largest source of hard rock lithium. I think it sits about number five at the moment, but is undergoing an expansion and going underground. After we developed that, we looked at the other end of the supply chain, there was no one there looking at recycling batteries when we started. We developed a lithium-ion battery recycling process, commercialized that with a German company called SMS. Built a plant for Mercedes-Benz. Unfortunately, we had different views on the business. We sold out, we have returned back to our golden roots to develop the gold asset for cash. We're presenting at a Precious Metals and Critical Minerals Conference, fortunately, we have a very real focus on both. As I said, returning to our gold roots is a strong base for us to rebuild the company. We have a camp-scale opportunity at our Barrambie Gold Project. We put our first drill holes for gold in February last year. We're now taking it to the stage where we've attracted some mining contractors to do a joint venture, which can fund us through to production. For them to operate it, toll treat the ore. We don't have to build a plant. That allows us to focus on expanding our gold resources. We think there's continuing, obviously, global geopolitical uncertainty. To the extent that that subsides, I think we're still in a state where there's elevated inflation risk. For us, gold now. We're still retaining and building our critical minerals business, for growth in the longer term. We're committed to those critical minerals, particularly lithium, vanadium. They are the two most positively impacted commodities under this transition to net zero, whether you believe it, we need it or not. It's happening. We have a 51% interest in a lithium and potassium brine project in Utah, which is fantastic. It's the first U.S. Asset we've had. We're very, very keen to make a good fist of it there. We have a vanadium recovery project from steel slag that is currently in the project financing stage. We own 86% of that. The next slide. We transition through to the board and management. We have a small board of three. A very competent management team. A very, very good culture, as you'd expect. We've been in the mining industry for four generations, so we've always been able to attract and retain a very, very high caliber of executive. In terms of a corporate overview, three or four years ago, we had a billion-dollar market cap. The shares were nearly AUD 2. They're at AUD 0.02 at the moment. It hasn't been fun on the way down. We had falling lithium prices. We had the transition, the EV transition sort of slow down and recycling volume projections decreasing. That's been pretty tough. Selling out of our battery recycling business for far less than we invested in it wasn't helpful. We have, at the end of last quarter, just under AUD 4 million. We have a very supportive shareholder base. We know how to make money. When we sold Mount Marion, I think we had AUD 250 million out of an AUD 3 million investment, so that went well. We paid back AUD 82 million to the shareholders via dividends, buybacks, and returns of capital over the last decade. At this stage, we're firmly saving our cash and having to rebuild the business. I'll show you how we'll do that. As I said, the cornerstone is our Barrambie gold asset. This slide had a fly-through, but with PDFs, I can't put a fly-through in there. Certainly, if you check out our website, neometals.com.au, you'll be able to find the fly-through. Our Barrambie Project is about 370-odd sq km of mining tenements, covering about 40 km of what we call the Barrambie Greenstone Belt, which I've conveniently got the green rocks here surrounded by granites. Structurally, we understand why the gold is there. There's a very large crustal-scale shear zone that traverses the length of the project, called the Emu Shear Zone. It's produced more than five million ounces of gold from mines to the north and south of us. Very, very fertile host rocks. What we have is a number of geological units. We have gold in every occurrence. We have gold on the contact of the greenstones and the granites within the layered intrusion and on the eastern margin, too. We understand how the major plumbing system for the gold and their structural trap. We've done a very, very good job in just under two years. We'll show you how we're going to put that into production. What we've been able to do is focus on this Ironclad area, which is a very small mining lease that we've marked out. What we've been able to do is define a sufficient resource to attract a mining contractor. The deal that we've done is that they fund the majority of the pre-mining activities and subject to a final investment decision. They will fund and manage the mining and haulage of the ore that is mined. They will arrange the toll milling so we don't have to incur the CapEx, and the time required to build our own plant. Once they recover their costs, we'll split the profits 50/50. We think it's a fantastic way. Essentially, it's like taking out an oversized golf divot, compared to most of the holes we dig in Australia. With minimal upfront capital required for Neometals, we think it's a really great way to de-risk the project. We've got lots and lots of other targets that we can get onto next. We've been firmly focused on getting that into production. Like I said, we've done our first drill holes in February 2025. We've put out a couple of resources. We're now hopefully getting our native title agreement and mining lease granted in the next two months. God willing, making an investment decision and mobilizing the contractors to site in the March quarter of next year. Now, two years to go from first drill holes to digging up is certainly the exception, not the rules. Typically, it can take sort of seven years in Australia to develop a new project. Like I said, we're starting with Ironclad, and we've taken the approach just to drill the minimum, and incur the minimum cost to build up enough to get started. We're fortunate in that the ore comes all the way to the surface. We've got some very thick grades to follow up. We've just started drilling at Ironclad today. We've got a number of holes that will be going in over the course of the next week. We're basically doing it in stages. We're firmly focused on this little pit outline here, which is essentially a starter pit for us. I have to apologize. There's a slight lag. I think it's the bandwidth in Australia. We're not blessed with the speed that you guys have. The scoping study metrics. We get the recoveries up to about 90%. The undiscounted cash flow is about AUD 23 million. It's a very quick mining operation. It's well less than 12 months from go to whoa. We've been doing the metallurgical test work, and that's one of the things that sort of moves the needle as you get better recoveries. You can grow your cash flow, but it's a very, very simple open pit mining exercise. There's nothing challenging. Like I said, it's essentially like taking out a golf divot. We're also exploring for copper. There's historic old copper production from this pit at Rinaldi. We've got some neighbors up to the north whose market cap's sort of gone from AUD 20 million- AUD 400 million off the back of their Nannadie Copper Deposit. We have the same rocks running through our ground. We've actually got this old Rinaldi copper mine. It produced at about 9.8% in a shallow little open pit. We drilled under that and identified copper sulfides in the fresh rock. We've just been doing some holes this week to extend that mineralization. We're lucky that there's copper and gold on that project. The project area also hosts the world's second-highest grade hard rock titanium deposit. It is very well-mineralized, and that's one of the things we love about the area. Out at Rinaldi, what we did is we actually used some induced polarization. Essentially firing electricity into the ground, and you find out if it's conductive and if it's resistive. You come up with these anomalies that may represent accumulations of sulfides, hopefully copper sulfides. We've begun an exploration program to define those. There are some fantastic priority drill holes. We're very excited, but it's only the start of the journey into copper. What we've got here is the prospect pipeline just of gold projects and prospects going forward. For us, it's been taking the low-hanging fruit, taking Ironclad from a prospect through to advanced and now mine ready. Once we make the final investment decision, we'll start to then put our foot down and accelerate the evaluation of some of our other prospects and the exploration targets. What you want to do is just keep them moving through the pipeline. We are very lucky that there is a raft of historical exploration targets left by. A lot of these were small mines at the turn of last century. We've had the project for 20 years, but we've only started looking for the gold in the last couple of years. Like I said, we did our first drill holes in February last year. The guys have done a fantastic job in advancing that project. In terms of the indicative forward sort of work plan, I think the key message is we've got multiple near-term news flow points before starting to look at more of the district discoveries. For us, the focus is just getting into cash flow. Just like getting your first job, life changes once you're starting to earn cash. There's a lot of explorers all around the world, and there's not a massive number that can transition from exploration to development. We've developed a number of mines, and we're looking forward to developing our next one. We'll move on to our next project. Today, I will just do the gold and the lithium. I figured they're more relevant, the project in Utah than perhaps our Vanadia Project in Finland. Utah. We've got a massive brine deposit. It's got a couple of key critical minerals in it, and fortunately, they are all on the critical minerals list in the U.S. Out of that one brine system, there's potassium and lithium. Obviously, lithium for the energy storage and electro-mobility. Potassium is a fantastic complement. It's a much larger industrial market. The U.S. imports about 96% of its potash. The government is keen, as no doubt the farmers are and the various agricultural businesses to have a secure domestic supply chain. We're fortunate that there's clear production to at least extract dual products from the one brine. Fantastic potential scale. We've done an exploration target based on more than 20 historic oil and gas wells that were drilled into the area. It's a brownfields site. We've got well access agreement with 23 wells within our tenure, and a fantastic existing database and infrastructure. It's world-class. I'll get to that a bit later. The government is very supportive, and look, once we're highly confident that we've got a project, we will then chat to the government. We're not going there to try to milk them of money or anything like that. We'll put out hard-earned money and risk money to start off with. We've got very good experience in lithium. We've been in lithium since 2009. There'll be regular news flow, and catalysts potentially over the next 12 months. The project is in the Paradox Basin, which is traditionally oil and gas. Certainly in the Lisbon Valley area where we are, you can see these are all the old oil and gas wells that access those prospective horizons, which are very deep. Halfway down is this fantastic underground sea in 29 layers old salt lakes. Long way from the coast. They were put there when the Rocky Mountains came up. I'm not a geologist by background, it's a very big basin. We have a couple of Australians in the area, that's comforting for us. There is an existing, I think the largest potash producer, Intrepid's based. They've got operations in Moab where they're extracting potash. We want to extract both. It's a very, very large basin. It's about 600 km by 200 km. It gives you a bit of a size of the indication of the scale of the opportunity. The first well that we want to take samples out is Big Indian #1. Like I said, it goes down deep. What we're looking to do is to extract brines that are sitting in these salt and rock formations. You have a look, the lithium, 100- 150 PPM is the range of the samples. I think they got an average there of 178. You would have a look at that and say, Look, that looks low. The potassium looks very, very high. Some of those are of world-class grades. In fact, in Cycle 5 the guys at Intrepid actually solid mined that. They had shafts down into that. They now solution mine it. If you take the potassium out first, you actually upgrade the lithium. That's what we're looking at. Previous people looking at the Paradox brines have recovered up to 92% of the lithium out of the brines using direct lithium extraction, then gone on to produce 99.9% pure lithium salts. I think lithium carbonate. It's always good to follow and to have proof that people can get it out. In terms of a brownfield footprint, having access to those existing wells is fantastic. That'd be $3 million-$4 million if you were trying to. They're probably even more if you're trying to drill those. Being able to access those for resource sampling or for extracting bulk samples. I think we have to do a little bit of work to them in a production scenario. Certainly, it speeds up our evaluation activities. We have more than 80,000 acres of potash lease nominations, prospecting permit applications, and lithium claims in the area. We're fortunate there's a couple of very high-voltage power lines that run over our potential plant site, which is adjacent to the Lisbon Valley Natural Gas Plant. Our partner in the project is also involved in the Lisbon Gas Plant. There's high-voltage power that comes from Rocky Mountain Power. The sort of tariffs range from $0.027-$0.06 a kWh, which is a fraction of what it costs in Australia. The current sort of raw gas prices for the plant are about $1.50 a GJ. In Australia, we can't transport gas from our gas fields down to our cities for $1.50. It's very, very attractive from an energy cost point of view. There's fantastic logistics. Of course, Utah has been ranked one of the leading or amongst the top 20 leading mining jurisdictions in the world for the last three or four years at least by the Fraser rankings. The sort of route that we're going to test for the project is, one, extracting the brine. Two, recovering a muriate of potash or potassium chloride in a dry form. That's a pretty conventional sort of process. Mechanical evaporation at this stage. It will use energy, and fortunately, the energy is very, very cheap. Then what we do is we take the bitterns or what's left afterwards, then we propose to run that through direct lithium extraction. We'll run it through absorbents and recover the lithium chloride. We'll propose to have a look at a technology that we developed with our partner at Mount Marion, who's one of Australia's, I'd say top 20, they may be top 50 companies, Mineral Resources. We co-own this refining process, which converts lithium chloride to lithium hydroxide using electricity, as opposed to more expensive traditional chemical precipitation. We want to make lithium hydroxide or lithium carbonate as the market sees fit. Then we reinject whatever's not recovered back into the reservoir. It's a very environmentally friendly and low carbon process. The federal funding process. Look, there are pots of money, whether you have a look at the U.S. Department of Agriculture with the Domestic Fertilizer Production Program or the Department of Energy grants or anything like that. We will apply at the right time. We're not assuming anything. But seeing as some of our peers and our neighbors have availed themselves of that, we would just be more comfortable starting to look at that process after we'd done our initial engineering studies and evaluations and are very, very comfortable that if we do take some taxpayer-funded money, that we can return it back through development. In terms of indicative work programs, bulk brine sampling we've got planned for this quarter, then doing the metallurgical test work in Germany and the U.S. Then looking to sample and generate our maiden mineral resource estimate and publish a scoping study in the December quarter. Pretty catalyst-heavy on both of those main projects. I notice I've only got five minutes, I need to get to some questions. Otherwise, you can feel free to email chris.reed@neometals.com.au afterwards. I think for our shareholders, we provide exposure to cash flows from gold through the development of Barrambie. Future growth from our critical minerals business. Essentially multiple shots on goal with diversified commodities and business model. Certainly, we have received awards for our sustainability and our processes historically. We are very much environmentally responsible, and we're going to experience leadership and some fantastic partnerships. Thank you very much for your attendance. I will just go to these on the main stage. With the recent funding completed, how far does that take you on the path to advancing Barrambie? We still have some money outstanding from one of our partners to come in. I think once we get that through, that gets us through into the FID for Barrambie. Yeah, it's basically mining the ore and transporting it. It hopefully will take us through to cash flow. Chris, the Utah Brine. Right. I'm not sure what order these are coming. Rinaldi Copper looks like a forgotten high-grade camp. What's your vision for turning those multiple IP into a meaningful copper resource, and how soon could we see a maiden copper estimate? Look, that's a bit of a leading question. Certainly, our focus has been on getting the Ironclad into production. You can't ignore the fact that your neighbors are having a really good fist of it further north. I think we've got three holes going in at the moment. Success for those, then we will accelerate it. I think, look, you've got that high-grade copper there. There's got to be a source pretty close by. I look forward to unlocking that. Chris, the Utah Brine project now has substantial lithium and potash exploration target. What are the key upcoming de-risking steps that could move it? Essentially, one, the size is not really an issue. It's a big underground, you've got tenure. It's really about the metallurgy that sort of unlocks it. What we want to do is take out about 20,000 gallons. Take big samples, send it over to Germany to get the potash taken out. We think they've got the best potash laboratory in the world to do that. We'll bring it home. When I say home, we'll bring it back to the U.S. The U.S. has got some fantastic DLE technologies and run it through there. Righty-ho. Now that the Full Federal Court has dismissed the right appeal, how does a clean legal backdrop change your ability to accelerate? Yeah, look, that was a bit of a distraction. That legal case has been dismissed. It has been appealed. Yeah, it doesn't have a big focus. It doesn't take up a lot of management time at the moment. How should investors think about the upside if these copper extensions keep coming in stronger than expected? Well, look, we've demerged our nickel business before. Maybe you could demerge a copper business if it's starting to look really good. Key catalyst now between potential investment decision and Ironclad. For us, we've agreed in principle an out-of-title agreement. We get that signed, the mining lease granted, grade control, update the models, get the mining approval. Look, even at these prices today, I can't see any reason why we wouldn't be going ahead. Do you see Utah Brine opening the door to broader U.S. strategic relationships with OEMs or midstream processors of federal agencies?" I think, look, we've been involved in lithium for a long time. We developed a very large high grade. I think when you look at the cost curve, all the top half of the cost curve, all the Chinese-based converters of African and Australian concentrates. The lowest half are generally brine producers. We've always wanted to get into brine. We've got a technology that gives us a competitive advantage, and this opportunity popped up. We just love the fact that it's brownfields. It has wells into it. It has fantastic infrastructures. In fact, it's really for us, just backfilling those evaluation stages that would need to be for a successful transaction. To get a project, you've got to have a first-class data room with all the prerequisite reports for lenders, technical reports, and be able to get equity investors and offtake. We know what to do, and for us, it's about just populating that data room with everything that proves that it's technically feasible and economically viable. I don't know whether that's gone great. One minute left. All right. I think that's me done. All right. Thank you very much, everyone, and have a fantastic day.