I'm Dan Vujcic, CEO of SolGold. I joined the company in March of this year. I spent most of my career, two decades, working in investment banking at various U.S. investment banks. During the pandemic, I started a SPAC vehicle with a few mining entrepreneurs. We raised capital on NYSE and bought a copper-gold asset, a copper asset from Glencore in Australia, raising over $1 billion with a starting point of $38 million of equity, which was quite an exciting time and quite a difficult challenge. I joined as CEO in March this year for SolGold, saw a fantastic opportunity. I had spent a couple of years on the board of SolGold, so I'd like to think I had a running start at attacking some of the issues that we saw, and hence why we've come out with our new tagline, thanks to my very, very competent communications expert. But we're saying that we're re-energized and repositioned, and that's what we think we're really focused on. This is an asset that most of you probably are well aware of. I'll go into the detail of the asset shortly in the slides. But really, we see an opportunity to sort of reinvigorate the story, reposition it, and look at it a little bit differently to improve the financeability of the project so that we can develop what is truly a world-class asset in Ecuador. So a little bit of shameless self-promotion there. With the share price chart, I'm not sure it needed to be that big, but we have, look, we have a very robust register. We're quite fortunate because of the quality of the project. We have some substantial shareholders that most of you will know very well. We've got Jiangxi Copper, who are the largest off-taker in the copper industry out of China. We've obviously got BHP and Newmont shareholders and some founders as well. What we've really been trying to do since I've taken over is to boost the institutional interest in this story and sort of reboot that in the capital markets, and I think we've spent a lot of time doing that. We just initiated coverage with Canaccord a month ago out of London, and we continue to expand our coverage universe and get a strong following so that we can get a little bit more traction in the market and a full understanding for the asset and the quality that it is. So just as a bit of background here, this project, it's a behemoth of a project. It's got a very large endowment of copper and gold. The numbers are significant. I prefer to focus on reserves, frankly, from my perspective. Our reserves, we've got a 27-year mine life. It's predominantly copper, but depending on the gold price and depending where the gold price is going, it may very well be 50/50 at some point, but it's predominantly a copper mine located quite close to the capital city, Quito. Relatively easy to access along a road, three hours on roads to site, 180 km to the port of Esmeraldas. There's water, power, and it is quite a simple project from the perspective of infrastructure and logistics. Really, really the challenge for us as we look at this and as we take this forward is coming up with a viable plan to allow it to be funded and to get into production sooner than what was previously anticipated. So high-level investment case for everyone out there. It's a Tier 1 copper-gold asset. I know Tier 1 gets thrown around a lot in this industry, but this truly is a Tier 1 asset. It's probably in the top 10 copper assets globally. And then when you look at the top 10 copper projects that are out there in terms of jurisdiction, it's probably in the top three, frankly, in terms of quality of project. We have Tier 1 counterparties. So we talked about the shareholders earlier. We signed a $750 million financing agreement with Franco-Nevada and Osisko Gold Royalties last year, predominantly for construction. So in terms of validation of this project, I think it's very clear that we have some high-quality names validating this project and giving the market comfort, at least, that some of these claims of Tier 1 are definitely valid. So one thing that I've been very focused on since taking over is to look at accelerating a timeline for production. So over my career, I've funded a number of large mining projects. Cobre Panamá was one of them for First Quantum, funded a lot of the funding there in the New York bond market for First Quantum. I think one of the things that was very clear when you're funding a project of this size is needing to have something else in the portfolio that allows investors and debt providers comfort that there is nearer-term production. So really, it's all about time, and time is the biggest focus for us. So accelerating the timeline to first production has become something that we're very focused on, not only in the block cave, but as you'll see in further slides, looking at other options as well to generate cash flow in the near term. We'll talk about the increased focus with the company split. We're splitting the company between north and south. We'll probably do something with our southern concessions. We're a large concession holder. And getting some focus in that regard is critical. Focusing on execution. We have G Mining on board as an engineering consultant working with us. G Mining, we're instrumental in getting Fruta del Norte constructed for Lundin Gold. They've got a fantastic presence in Ecuador. So from our perspective, we've been working hand in hand with G Mining. Our team and other consultants as well have been working closely with G Mining to really focus on going into execution. So whilst we still have a feasibility study to complete, really the focus from my perspective, considering the economics of this project, is really to focus on execution whilst in parallel completing a feasibility study. So again, robust jurisdiction. Ecuador is a great place to operate. Lundin Gold have really set the standard for the industry in terms of ability to operate in country and have social license and be successful. We have a great relationship with the government. We have a fantastic relationship with local communities. It's been a big focus for us, and so it really is a good place to operate for a mining company, and obviously, we have a very strong ESG focus. One of the things that the company has done very well over the years has been embracing the communities. I recently had a major shareholder, a large mining company, go to site, and we're very pleasantly surprised at how robust our relationships were with the community and the programs that we had in place, which is critical for developing a project in a jurisdiction, so in terms of a development timeline, this is what we're trying to envisage. This is very much something that we've crafted together with G Mining in terms of what we think is in the art of the possible. As you all know, these things move around considerably as you develop a project. We're already undertaking the relocation of Santa Cecilia, so that started. The Alpala portal development will start in November, or Q4 roughly, but November ideally, and we're mobilizing the team to start that process. It's critical that while we're looking for near-term production and we're doing work on Tandayama, it's critical that we don't forget what the big game here is and what we're trying to achieve. So in parallel with doing all the work we're doing on Tandayama, we'll talk about the open pit there. We're very focused on starting works on Alpala and developing the declines. The economics of this project are such that I don't feel that we need to wait for a feasibility study to start investing capital in this project and start developing the project. It allows us to bring block cave production sooner over time, and having that conviction, I think, gives investors comfort that we do have a high-quality project that we're willing to put capital into today. Tandayama open pit we'll talk about in a bit more detail. We're hoping to try and be in production as soon as 2028, and we've been working very closely with the team to work on that. The backdrop to this and the key item that we really need to ensure that we push forward with focus is our permitting, so the real driver here is going to be permitting. I feel confident from discussions I've had with the Ministry of Environment in Ecuador that there is an impetus in Ecuador at the moment to not only promote mining, but to expedite permitting and to allow for more efficient permitting, which is a positive for our project. Site layout, I'm not going to spend too much time on this. I think this shows the footprint that we're currently looking at. It's a very neat footprint. We've tried to keep everything on site as much as possible. It makes it easier from a permitting perspective. Keeping everything on the footprint also allows us to get into production sooner. I envisage a trucking operation to start with, so we'll have the ability to truck to port. So that should have a considerable impact on lowering the upfront CapEx number to allow us to get into production and start generating cash flow. The benefit of also doing an open pit, not just for the sake of generating some cash flow from copper-gold, is also we're envisaging that we're going to use the waste rock to develop our tailings facility due to the lack of quarries in Ecuador. It's a neat solution for building tailings. So in terms of Tandayama open pit potential, we'll have some drill results that we'll release to the market early next week, the latest assays. Very quick comment on this. So far, from my perspective, the results have exceeded what we've expected in our modeling, which is positive. We've had some interesting high-grade hits, but overall, I envisage this will be a larger pit, probably a decent grade to lower grade, but with some good high-grade zones in the open pit. Still a lot of drilling to do over time, but I think where we will get to, we'll do some more drilling in the interim, and then post that drilling, we'll come out with a pit shell and some economics on the pit. And then over time, we'll develop that further. As we start to develop that pit, we'll do some drilling over time. But so far, it's been an incredibly positive in terms of results and from what we're seeing. Communities, as I said, we have a number of initiatives. It's very important to us to have a strong relationship with the community, something that I've spent a lot of time in my time in Quito. That's something that I'm very proud of as a corporate that we're doing. In terms of the businesses, we're going to focus on having the northern part of the business, which would be Cascabel and some surrounding deposits there and concessions. We're going to then separately deal with the southern concessions. We've had a number of major mining companies conduct site visits in the southern part of the country. We're looking at various structures there, still working through what the optimal structure is going to be, whether we'll JV it or list it separately. We do have a lot of options there and a good set of comparables. So I keep saying in RNSs, and people keep asking the question, "Why do you keep saying you're undervalued?" Well, if you look at the comps, despite the efforts from the team and everything that we've done over time, I think there's a real opportunity here to continue to bridge the value gap and start to get a better appreciation of our valuation. We are undervalued. Now, is that linked to some extent of being listed on the LSE? I don't think so. I think that as we prove up our plan and we continue to show everyone the progress that we're making on the project, we're hoping to bridge that gap. But you can see that there is a stark delta there in valuation and a lot of potential upside, even if you take a modest view on comps. So that's something that the team's been working hard to address. So just to wrap up, key achievements so far since starting in March. We have an IPA, which we finalized with the government in Ecuador. We've launched our early production open pit strategy at Tandayama. We have a second tranche of Franco funding that we've received. So we have a strong balance sheet currently to execute. Project execution plans being completed. Strong drilling results at Tandayama. Our early works plan has been finalized, and we're going to be mobilizing in Q4. And Cascabel has been consolidated with our Swiss entity to make it a more tax-efficient proposition for shareholders. And we've appointed Canaccord as corporate broker. So catalysts to look out for. I think from my perspective, the drill program will continue to update the market on the drilling. Again, I see positive results there, and I'm quite bullish on that. Our early works execution is critical. Getting out to the mine is going to be very important. Financing milestones. We're talking to a number of project finance providers at the moment, and we're talking about various funding for the project to complement the funding we have from Franco-Nevada, and those conversations are going positively. There's a lot of interest from ECAs and export banks in not just Ecuador, but in large strategic critical minerals projects, and hopefully, in the next few weeks, we'll be able to receive our CIPA, which is the larger investment protection agreement over the project, and commence project permitting, which, as I said, is a critical lead item to allow us to execute our accelerated timeline, so thank you very much for listening today. Thank you. Thank you. you. Open for questions. We're running a couple of minutes over.
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