For standing by, my name is Alex, and I will be your conference operator today. At this time, I would like to welcome everyone to the Orezone Gold Corporation Q1 2025 results. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Mr. Patrick Downey, President and CEO. Please go ahead. Thank you, Operator, and thank you, everyone, and welcome to the Orezone Q1 webcast and conference call. With me today, I have Peter Tam, Executive Vice President and CFO. We have the standard forward-looking statements. Please acquaint yourselves with these. Q1 was a very solid first quarter and really sets us on a firm footing for a very important transition year for Orezone. Our gold production for the quarter was 28,688 ounces, which leaves us on track to achieve our 2025 guidance of 115,000-130,000 ounces a year, which, as we stated, will be slightly weighted towards Q4 of this year. Gold sales were 28,943 ounces at an average realized price of $2,851 per ounce, giving us revenue of $83 million for the quarter. Our all-in sustaining costs were $1,415 per ounce sold, which again leaves us on track to achieve our 2025 guidance of between $1,400-$1,500 per ounce AISC. We're in a very strong and solid financial position. Our cash is $102 million. We have senior undrawn debt of $28.9 million available and gives us a total available liquidity of $130.9 million. Our hard rock expansion is tracking on schedule, on budget for the commissioning of this stage one in Q4 of 2025. During the quarter, we also had zero LTIs over 1.4 million hours worked during the quarter, and we actually achieved 20 million hours of work LTI free. Sadly and unfortunately, we had a fatality in May at the stage one construction site, which is still under investigation. I'll now hand it over to Peter. Thanks, Patrick. For financial and operating highlights, Q1 marked another successful quarter of positive financial results with gold production and cost performance in line with our expectations, while revenue benefited from a favorable gold price and unhedged sales. Earnings from minor operations were $38.6 million. Net earnings after minority interest were $16 million, and earnings per share attributable to Orezone shareholders were $0.03 per share on a basic and diluted basis. Importantly, free cash flow was $3.7 million as strong operating cash flow balanced the higher capital expenditures on the hard rock expansion construction. Our balance sheet further improved in the quarter with available liquidity at March 31, increasing to $131 million. As stated earlier, with $102 million of cash on hand and $29 million remaining undrawn on our phase two term loan with CIBC, the company is well positioned financially to complete its major growth projects for 2025. Next slide. Tons mined exceeded 6.1 million for Q1 2025 at a strip ratio of 1.9. Higher material movement in the current quarter was due to dry season mining conditions and a greater proportion of tons mined from the Sega pits, which have a shorter than average haul profile, with mining currently concentrated on the soft oxide material on the upper benches. Furthermore, mining volumes are still benefiting from the higher availability of the new mining equipment placed into service by the mining contractor in the fourth quarter of 2024. Plant throughput was at a respectable 1.5 million tons, which was 11% higher than the comparable quarter in 2024. In Q1 2024, plant operating hours were impacted by the commissioning of grid power to site and from more frequent power interruptions experienced in March. In addition, since July 2024, the plant has successfully operated at a higher hourly plant throughput by increasing mill power draw and reducing the leach residence time. In terms of unit cost, unit mining cost for Q1 2025 was lower than when compared to Q1 2024, as mining costs were aided by less drill and blast, shorter than average hulls, and a favorable XOF exchange rate, as mining contractor rates are based on the local currency. Unit processing costs benefited from the availability of lower-cost t grid power for the full three months of Q1 2025 versus only a partial quarter in Q1 2024. I'll hand that back to you, Patrick. Thank you, Peter. Overall, 2025, we got off to a very solid start. Our 2025 guidance of production of 115,000-130,000 ounces, we achieved 28,688 for the quarter, so it leaves us well on track for our gold production guidance. Our all-in sustaining cost, as we stated, of between $1,400-$1,500 in Q1 was right bang in there. Sustaining capital, we have a guidance of $9 million-$10 million, of which we spent $3.2 million in Q1, slightly front-end loaded in Q1 with the tailings during the dry season, tailings expansions. Our growth capital of $44 million-$51 million, which is really focused on the permanent backup diesel power plant, tailings footprint expansion, and resettlement action plan, we spent $7.7 million. It, again, will be essentially loaded in the second half of the year, and we'll show some photographs of that later on in the presentation. As I stated, stage hard rock capital expansion, we spent $19 million. We've now spent $34 million of the total budget of $90 milion-$95 million. Our guidance for 2025, we're well within that. We expect to achieve that around the $75 million-$80 million target for 2025 and be up and running in Q4. 2025 is really a significant transition year. We've been operating the oxide mill for over two and a half years now, very successfully. We're now ramping into the construction of the stage one hard rock, which with 2.5 million tons per annum. Construction is well underway. Commissioning in Q4. Production from the combined hard rock and oxide exiting 2025 will be 170,000-180,000 ounces a year. We had originally intended to build a stage two hard rock in 2028, coming online in 2029, but with the strong gold prices and our strong financial position, etc., we will now look to start that in 2025, being constructed in 2026 and being up and running in Q4 of 2026. We expect a full announcement on that later in Q2 or early Q3. That would bring our production to 220,000-250,000 ounces with extremely robust cash flows and all-in sustaining costs going forward and would leave us with one of the largest single-asset mining companies in West Africa after stage two completion. I will walk you through that a little bit more detail in the presentation. Stage one, well in hand, fully financed, as Peter said, budgeted CapEx of $90 million-$95 million total. We expect to easily achieve that. We are ahead of schedule and on budget. Engineering remains ahead of schedule. We keep pushing that. Our equipment and material procurement is now complete. The jaw crusher mill foundations are well advanced. The mill is on site. The mill installation is expected to commence in early June. We will mobilize the mill contractor in late May, installation contractor. The CIL tank installation is progressing with three tanks now fully complete and the other two well in hand. TSF expansion well in hand. Photographs will tell the story. You can see the oxide plant in the background with the stage one in the foreground. Photograph two is the largest pour we have on the facility, which is the jaw crusher and wing walls of the dump pocket. We'll be complete that late May, early June. The tanks all concrete complete, three fully erected, two well in hand. We start erecting structural steel work on top of that in June. The ball mill foundations are almost complete, and we expect to start erecting the mill, which is on site, in June. All of the major steel work is either at the port or on the boat. A lot of the equipment is starting to come to site now. We do not see any critical schedule issues going forward from here on in. It is really steady as she goes to get it up and running by Q4 of this year. The wrap BB2 construction progress, as you can see, well in hand. I just want to say that all of our construction management scheduling, cost control, etc., is done by our team for this, for the tailings, for the stage one and stage two will be done by our team. We have full control of all of this. We don't put it out to consultants or contractors, and we really know how to execute on this. We've built over 3,700 buildings, including houses, churches, mosques, clinics, schools, convention centers, etc. We're very proud of this. It's extremely well received by the local communities, and this is going extremely well at BB2, as you can see from these photographs. Stage two. Originally, we had this design for a 5 million ton per annum, but with optimization based on what we've learned on what we're doing, etc., it will actually be a 5.5 million ton per annum throughput rate. Production 220,000-250,000 ounces per year on average. What does it take? It's four additional CIL tanks, which are exactly the same size, diameter, height as the existing ones we're building, same top of tank steel work, same agitators, etc. A ball mill, which we've now identified with our consultants, and we will likely place an order for that early in Q3. That is already identified for the project. A thickener and a water tank with some pumps, etc. An oxygen plant, which we will buy, purchase this quarter. We have already got those funds in hand to do that. We do not necessarily need it for stage one, but it is a long lead item, and we will use it in stage one. It really gets us ahead of the game for stage two and some gold room expansion with an elution column and acid wash column and some electrolytic sales, small sort of equipment items. We are well in hand with the estimate on that. I expect to present something to the board by the end of May. I expect no surprises, something in the region of $95 million. We've gone through the schedule with our team on site, with the Lycopodium team, with the equipment vendors. Providing we get the go-ahead in early Q3, we will have that up and running in Q4 of 2026. Very exciting for us. We're really ready to go on this. The front end, which is the jaw crusher, all that front end is already designed for the full throughput. It's really getting those pieces of equipment ordered and getting the design and the construction going so we can keep the contractors on site and really ramp up this construction in 2026. Q1, a very solid start to the year in terms of production and cost and progress on the plant. It sets us up for our transformational year in 2025. The hard rock expansion will be up and running by the end of the year at stage one. As you know, we are advancing an ASX secondary listing. That should be up on the goal by mid-2025. Increase our trading liquidity. We already see that in the stock. We're trading much better in terms of the amount of shares we trade, etc., and our share price since we've been advancing that. We did a recent financing to accelerate stage two, and now approximately 14% of our issued is now down in Australian hands and trading very well. A renewed focus on exploration. We've had some new team down there. We've had some bottlenecks with assays, etc., but very excited what we're seeing. We expect to issue some results on that very soon. We've now identified some new targets, which we'll be excited to reveal to the market. That was on the goal. We expect to ramp that up as we get our team in place of new exploration management down there. He's been working on streamlining the processes, etc., but we expect to ramp up our exploration, have a lot of results throughout the year. The thesis is really holding together for us in terms of the size of the project and the targets that we see on the project. Expect to see some results here in the coming weeks. That's it. I'll hand it back to the operator and for questions. Thank you. We'll now begin the question and answer session. If you have dialed in and would like to ask a question, please press star one on your telephone keypad to raise your hand and join the queue. If you would like to withdraw your question, simply press star one again. If you are called upon to ask your question and are listening via loudspeaker on your device, please pick up your handset and ensure that your phone is not on mute when asking your question. Again, press star one to join the queue. Your first question comes from the line of John Walton-Scroff with Private Investor. Please go ahead. Patrick, on the mining and process costs, significantly better. Do you anticipate to keep that level going forward? I would expect that the processing cost, yes. The mining cost goes up and down with strip ratio, obviously, and depth within the pit and the type of rock we're mining. When we're in the softer oxides, we use less drill and blast or sometimes zero drill and blast. Obviously, you're mining from near surface. As you go from the various pits, you've got different haul distances. That goes up and down, but generally, I would expect it would be probably around $3 something a ton, depending on the ratio. John, just on Q1, I would say it's abnormally low. We're under $3 a ton. That isn't going to always be the case every quarter. As Patrick pointed out, some of the factors that led to the low unit mining costs. Also, as I stated in my prepared remarks, we did have a favorable local currency exchange rate. That has sort of reversed course now in April and into May here. I would say next quarter, I would expect unit mining costs to be more normalized to what we saw, maybe closer to what we had in 2024. Regarding the Australian listing, has all the paperwork been submitted, and you're just waiting for them to process it? I don't think all the paperwork has been submitted, but maybe I'll hand it over to, I've got my EVP and Ryan Goodman here. He will really answer that. He's been on the forefront of that, Ryan. Yeah, John, substantially all the paperwork is done, and we're just going through the processes right now. It's a bit of a time-consuming process, but we don't anticipate any hiccups along the way. It's just due process at this time. Yeah, our jarg's done or the finances are in, all of the various other pits. So it is through the sausage machine, I would say, of the ASX. Right. So one more question. I know years ago, as I asked you, Patrick, whether you considered hedging the gold, and given that it's quite volatile, is there any consideration to that? No. I've never hedged an ounce in my career. I'm not a gold bug per se, but really, if you're an investor in gold, with all the money we need for the expansions, we're in very, very good financial shape. Sometimes you might hedge gold. I've never done it, but when you don't believe in your capital cost and you want to protect certain things, I think we've been extremely good in terms of our capital costs and our schedule. I think our record and our record goes right back into the noughties about building mines. This team has been with me for a long time. I like to see as a gold investor that you're unhedged and you're up there. We did take some puts in the year, so we bought some puts at quite good value just to protect the downside at some point, but we leave the upside completely open. Good. Thank you very much. You're welcome. Thanks, John. Again, if you would like to ask a question, press star, then the number one on your telephone keypad. Since there are no questions asked, that concludes our Q&A session. I will now turn the conference back over to Mr. Patrick Downey, President and CEO, for closing remarks. Thank you very much. As I just reiterate, Q1, very solid quarter for us in terms of production and cost and progress on the projects, both stage one and stage two. We've done a lot of work on stage two in terms of getting the capital cost estimate, the equipment, etc., well in line to make a decision late Q2, early Q3. Very much looking forward to that. Exploration, as I said, we've just been working through a few bugs with some of the third-party labs, etc., but that's now sort of worked through. I expect that we'll have a lot of exploration results going forward in the year. A very exciting year for us going to be starting up stage one in Q4, getting it ramped up by the end of the year. Very, very exciting year for Orezone going into 2025, 2026. Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect.