Lovely. Okay, thanks everyone for joining. Sorry we're a bit late. Okay, let's crack on. Thanks for all your questions. It's great to see so much engagement from everybody. Let's just have a quick go through the presentation and then I'll crack on with the questions. I hope you can all see this. It's our presentation that's on our website. I'm just going to just make sure that it's full screen. Just give me a second here. Yep, we're full screen. Okay. As best as it is on this platform. Here we go. Arkadian, advanced gold and critical mineral projects. There's been a question about why we say advanced gold. We'll come to that one in due course. As I say, I want to really get to the questions, so I won't spend a lot of time on this. For those of you who are new, we are AIM-listed. Our commodity focus is gold, rare earths, and other critical metals. Countries of operation are U.K., Greenland, Sweden, which we'll touch on. Mainly U.K. and Greenland, of course. Principal assets are Clogau, 100% ownership. Motzfeldt in Greenland, 51% ownership. Our strategic shareholding, 24% in GreenRoc Strategic Materials, which owns the Amitsoq project. We've got some pipeline projects as well, of course. Other projects in the Welsh gold fields, and we also have the Finnsbo project, which I said I'll touch on. That's a quick snapshot again of those projects. We have Motzfeldt to start with in this particular presentation. Why did we get into this? It's a multi-commodity critical metals project. It's in a world-class district. Those of you who may have followed developments recently on one of the other projects in this region called Kringlerne, which is owned by Critical Metals Corp., a NASDAQ-listed company will have seen the potential in this Gardar Province for rare earths. There are three major projects. One is ours. As I say, Kringlerne is a very big rare earth and other critical metals deposits, very similar to ours in terms of its mix, very different to ours in terms of its mineral ore, which is interesting in itself and for reasons that I'll touch on. There's a third project which isn't proceeding currently because of its high uranium content, which some of you will know about, which is called Kvanefjeld. We have a JORC resource, which is always good, of course, as a base. It means it's an advanced exploration project, has a significant JORC resource. Why are we in Greenland? I've sort of touched on some of that. It's a very strategic place. Always has been, but it's increasingly being recognized as such. The financing of these projects is now coming on stream. If you're in the critical metal space, one of the reasons obviously is it's very important for future energy, global energy transition, technological developments, absolutely fundamental. Obviously, China has an almost near monopoly on some of these metals, especially in terms of downstream processing of them. To have access to one of these projects where Europe, U.S., and U.K. are really trying to get hold of their own strategic supply is I'd say a very important place to be strategically for any mineral company, mining company. That's one of the reasons why we've moved into this space. One of the key reasons. Obviously, it's also because fundamentally it's a very good project. We sort of touched on some of these things. Rare earths are very important for EV motors, wind power, defense systems. Greenland's positioning is almost perfect. Equidistant between Europe, U.K., and on the other side, the U.S. and Canada. We talked about non-Chinese supply being constrained, and that's a significant risk that everyone has now identified. We've got multiple critical metals and minerals at Motzfeldt. It's not just rare earths, it's not just niobium, it's not just zirconium, not just tantalum. It's a basket of these different critical materials. That's our license area. Our main deposit is Aries. That's the one that has the resource. Then we have several, in fact, other target areas. One that we worked on most in the recent years is Merino, which we'll touch on. There's also Voskop. As I say, there are others as well within our license area. That's the deposit area, if you'd like a sort of bit of a visual on it, how it sits on the Aries Plateau. That's our resource, 340 million tons. Grades are sort of middling grades now I'd say. Some of the grades are higher in places that we're looking at, and especially in Merino at the moment. Rare earth grades are sort of touching more sort of 1%, or up to 1%, sometimes even higher than that. That's why Merino is an interesting and important potential mix for the project as a whole. It's about two k's away from Aries. Aries itself has been drilled a couple of times, but is open in most directions. In other words, there's a lot more drilling that could be done to expand the resource. It's already a significant resource. You see there 629,000 tons of niobium. Niobium is a very important critical metal. It's in fact one of the ones that have been identified by the U.K. as being absolutely in critical supply shortage for the U.K. That's a key one. We've already got, as I say, an inferred resource of 629,000 tons. There's a lot there already and a lot to build on. The mineralogy is key. We have got favorable mineralogy. In terms of rare earths, rare earths are quite complex in their processing needs and the beauty of this project is that the main mineral ores at Motzfeldt are ones that have an established processing route. That's a really key, as I say, factor. This is the Merino target, which we've been doing a lot of work on the last few years. We're going to be doing some hyperspectral work there this summer which we've talked about in RNS where we're basically putting a high-powered camera into looking at the rocks and the cliff faces at Merino. It'll tell us a lot about potential scale of those high-grade chimney structures that we've talked about, and how prevalent they are. Some very sort of technological work that's going to be going on this summer at Merino. We've had some good assay results. We set up to 1.36% TREO, that's total rare earth oxides. We've got up to 0.7% niobium, 2.3% zirconium. These are really good results, which is why the mix of projects and targets over the Motzfeldt Centre, as we call it, is important, and it just shows the potential scale of the asset is very big. In fact, it is recognized as one of the very few multi-element projects in Greenland, critical metals projects in Greenland, which has got large scale. That is important. As I say, just touching on mineralogy. There is quite a lot we know. We are lucky enough to have one of the world's experts. Dr. Curtis Rooks joined us. He's been working on Motzfeldt for many years, as I say, and he was under the umbrella, if you like, of University of St Andrews, and we're lucky enough to have brought him into Arkadian. Curtis is a mineralogical expert really, and particularly an expert on the Motzfeldt Centre. All rare earth and critical metals have got their processing challenges, but as I've mentioned, without going into a lot of detail, I'm happy to have another session on this another time. The main host minerals are ones which have got a clear and understood processing pathway. That's not to say there aren't still challenges in mineralogical work that we are going to be working on in terms of recoveries and the best routes for processing, but that is a very good start, and it is not one that's shared with other projects, even some very large-scale projects that are still trying to crack their mineralogy. More work to be done, but a very good base on which to work from. Right. Look, we've talked about some of this. I'm going to just skip through because we don't have a lot of time. I really want to get to questions. We've got a very dynamic program coming up this summer at Motzfeldt. Some of this work is already going on, as you would expect. A lot of planning has gone into the field program season. If you look at these little diagrams here, if we go from left to right. Remote sensing, that is partly desktop work. We're going to be acquiring remote sensing data by satellite in the next few weeks. You have to book the satellite when it's coming over your ground. You've got to have it during good weather. There's some sort of windows in which we're going to try to capture the best acquisition of satellite-based remote sensing data. That will help us to do field targeting, so that we're in the field in the summer, and particularly on Aries, we'll be able to select what appear to be the best bulk sampling areas within the Aries deposit, so that we can take a big bulk sample, carry on with that mineralogical work. We're going to move into phase II of the mineralogical work post summer. That's going to be important. That's where we talk about bulk sampling there. We will also, as part of that work at Merino, we've got a team of experts from TheiaX a German group that do a lot of this geophysical work, but very highly technological surveys. They're going to be doing a hyperspectral survey. I touched on that in our recent RNS. More details on what that involves. It provides or can provide a huge amount of data which will enable us to sort of, as I say, track some of those high-grade chimney structures on the Merino cliff faces. That's what that's about. We move into baseline studies. That's to do with ecology, as you can see from the fish and the various other bits there. Very important that we start the baseline study on ecology for the Motzfeldt project. That will feed into what we call a project description. It'll also obviously feed eventually into the EIA work, the environmental impact assessment work. This is all stuff that we know very well and are very familiar with from Amitsoq on the GreenRoc side of things. It's a very tried and trusted route. The beauty of Greenland is that we can fast-track an exploitation license application, but we do need to have done some of this preliminary work, fundamental work as it were, in order to able to describe the project, describe an understanding of the ecological factors at play and how we will deal with them. Also, of course, where we'd put our infrastructure and all that sort of good stuff for the mine and for the preliminary processing plant. That's the last bit that we're doing there. We've got NIRAS, a Danish expert consultancy in engineering and other related studies, just finishing off a desktop engineering sort of first pass, high-level desktop engineering study to ascertain exactly how we will process at Motzfeldt. How we will set up, where we'll set up the mine, what our transportation routes will be to get the material out from site and so on and so forth. It'll look at power, look at water, look at tailing solutions. It will be a first pass. There'll be a lot more work, but it'll be the building blocks essentially for that further work to come, and it'll enable us to write that project description. What we're trying to do here is position ourselves so that we can actually apply for an exploitation license. As I say, in Greenland you can do that quite early on in the piece, much earlier than in other countries. It's what we've done at Amitsoq and it's what we intend to do here. That's really part of what we're building towards with this work. Obviously the rest of it is also building just to build out the project itself. That's the overall plan. We've talked a little bit about remote sensing. I won't go back into that now. Talked about desktop engineering analysis. You've got all this detail. This presentation is on the website and you can look at it there. We've got a timeline for this year. We will put out more detailed timelines after this summer's program so that we can give a better sense of where we're heading and the timelines for the different phases of work. This is a sort of snapshot of near-term focus really 2026 essentially. Moving on to Clogau. Obviously historically our main focus at Alba was and now Arkadian, still is a significant focus of our work of course. Again, for those who don't know, Clogau is the biggest gold producer in U.K.'s history and it is something that we've been working on for several years. We've started with essentially rehabilitation and in-mine safety works, which were considerable because it was basically standing dormant essentially for decades. We had assessed the project as having significant potential for finding untapped veins of gold within the mine system. That still remains the case. We spent, as I say, that time initially doing that work. It was a lot of permitting work and to essentially get through a Habitat Regulations Assessment so that NRW would understand exactly what the project was and what we were trying to achieve. That took a couple of years. Did a heck of a lot of surveying bats and water and all the rest of it to be able to get that HRA written. That enabled us then to have a plan to develop, at least to go in and explore further the Lower Llechfraith target, which we identified from, again, significant drilling that we did both from surface and underground over a couple of years, was our priority target within the mine. There are other priority targets, of course, that we've established through our drilling and through other work that we've done, which we probably won't have time to touch on today, but are still there and being worked on. I'll touch on those certainly with the answers to some of the questions. Welsh gold, why are we interested in it? We're interested in gold. Gold price is high, albeit it's come off a little bit, but it's still extremely high in historic terms. Welsh gold has always fetched a premium. I think we've proven that now with the sale of some gold coins, which sold for 8.5 x the then spot price of gold. There is a significant premium attached with Welsh gold. There are no other Welsh gold producers currently. Clogau would be the first major producer to come back on stream. There's a bit of historic gold in circulation. Other than that really there is very little. That's what we've been doing at Lower Llechfraith. We've been drilling and blasting. We drilled and blasted about 15.4 m of new development on level five. It's fair to say that so far we've only processed a small amount of the material just because processing extraction from underground and then processing takes time in a pilot processing plant that we have on site. So far, as we've said in public announcements, we haven't yet found economic grades of gold. The gold grade is low so far in terms of what we've found. As I say, we haven't processed most of it, but we've processed some of it. That's why, as we'll come to with the questions, we're going back to do a little bit of work now in terms of understanding why that might be, and what the mineralogy of level five tells us. There's a lot of information there as to whether we continue with level five or go elsewhere, whether it's within the Lower Llechfraith system itself where we already are or elsewhere in the mine. A lot of valuable work. This is exploration work. It's never been production work. Obviously we would like to have hit some good grade. It hasn't appeared to have been the case yet, but that doesn't mean that it doesn't tell us a lot of valuable information about what to do next and where to go next. As I say, we're still confident as to the future success of the project. There are multiple targets within the mine that we really want to get into. Still, Lower Llechfraith is still one that we need to assess quite clinically and technically to understand whether we're in the right zone potentially, or whether we should potentially look elsewhere within that same Lower Llechfraith system. The reason we're here and have delineated this big target is from drilling, you only ever drill in a system like this for structure. We found all the right structure, and we can see all that structure on level five in fact. In the new development, you can see the interplay of the shales and the quartz veining and the greenstone. You can see all that structure doesn't necessarily give you grade. What we're doing now is understanding why that might be and whether that tells us where we need to go look next if it's not on level five. That's to say we'll touch on that in some more detail with some of the questions. In having Curtis, again, Curtis Rooks, who's a mineralogical expert on board, he's already started to do a lot of work here as well in terms of helping us understand what we're seeing, the different phases of mineralogy, different phases of gold, essentially, and other sulfides within the mine system, and putting that all together. It's another complex piece or another complex geological setting and mineralogical setting, we're coming to grips with it, and I think that will give us the best possible chance for finding the right zones moving forward. That's work that's ongoing. For a development timeline, again, it really only takes us to 2026. I think there's a lot to determine before and assess before we can give you a more broader picture on Clogau. It's obviously, of course, worth touching on Amitsoq as well. We continue to be the major shareholder, the largest shareholder by far of GreenRoc Strategic Materials. Continue to be very closely involved in it and its strategic direction. It's, I think, a testament to the decision to spin it out that we made late in 2021 that it actually has moved on so well since then in terms of having its own focus, its own management, its own funding. It's enabled it to really move forward as a standalone entity and a standalone project. Obviously there are other presentations on Amitsoq, and in the interest of time, I won't probably touch on it too much except to say we're hitting a lot of the milestones as we go along with this project. The funding piece has been essential and that has come through EIFO, the Export and Investment Fund of Denmark in the last 12 months, which has been critical to enabling us to do a very big drilling program and obviously to set up and start running the pilot plant for anode materials in Denmark. Significant developments and work has been achieved there and will continue to be achieved, which we will support. Talk about Finnsbo very quickly. Look, we drilled it. There was then some unexpected turbulence, shall we call it, from the license holder. It was very unexpected, I should say. We are in the process of determining what to do about that and enforcing and protecting our rights to that project. We've spent money in good faith, and we will ensure that we take all necessary steps to ensure that is recognized. That's really all I can say at the moment. Everything else will come via RNS if it's material to be announced. That's where we stand with that project. It is early stage. It wasn't a core part of our portfolio, obviously it was a promising early-stage project, so it's unfortunate and somewhat disappointing that it's gone in that direction. As I say, we fully intend to pursue and protect our interests to the extent we can do that on this project. I won't talk about it in much more detail because that is obviously outstanding. That's our outlook. Motzfeldt, GreenRoc, Clogau in particular. Those are the value bases for Arkadian into the future. Work that we continue to do is intended obviously towards improving, increasing that value proposition for shareholders. That's our management team. I'm not going to go into that. I've talked about Curtis. I can talk about others if there are questions on the management at all. That's our contact details. I think what we'll do is there's a disclaimer, of course, at the end. I'll stop sharing that, I will move straight onto the questions. If I just exit full screen. If I look at questions. We've sort of got a lot of questions that are quite similar. What we've done is group them together in order to be able to answer them quickly or fairly quickly or efficiently, should I say. In no particular order. This is Clogau-related questions that have come in. This is pre-webinar, right? If there's anything during the webinar that's new, then we'll obviously add those as well before we close in we've got about up to another half an hour I believe, before the close if we can. Right. Clogau. First question, how much gold has Arkadian recovered, including from underground and historic waste tips as all the previously trench wasted material being processed? Look, it's a small amount to date enough for the coins and pendants. We're talking low ounces, low number of ounces, single ounces, if you like essentially. We are an exploration. Obviously, we'd have liked to have hit a much bigger zone of high-grade gold or even just moderate-grade gold in our current work, which hasn't happened. It is what it is. It's enough for the coins and the pendants. We are in exploration, bulk sampling, pilot processing. We're not in commercial production. We are looking for the gold that it has economic grade within some of these new zones that we have identified. That's where we stand, and it's important to understand that. There is enough gold, as I say, to sort of enable proof of concept. Proof of concept means that we've been able to sell the coins. We are now looking to sell the pendants. We're now looking at the different types of products that can be produced and what kind of uptick in gold price we can achieve, whether that's through coins or pendants or other things in the future. That's really what the purpose of this is testing that commercial proposition. Yes, as at present in exploration, we've managed to find a few ounces. They've been quite valuable ounces, but obviously we would like to find a lot more than that. Clogau production timelines. Several questions on the same theme. When will Clogau move into gold production? What are the next stages? Staffing and shift levels. Is the project still on track? This is a narrow vein nuggety effect gold mine. What that means is you cannot just walk in to a seam and expect gold. Even when you find quartz in the right setting, that quartz may be barren. As to when we'll move into gold production, that really depends upon us finding those seams, as it were, those quartz veins that have got economic values in them. That will determine our timeline for future production, permitting, and all the rest of it. It has to be remembered that we are in that exploration and development phase at present, and particularly exploration phase. In terms of staffing and shift levels, until we have got a zone determined that delineated that has got good grade in it, we really can't sort of put numbers around staffing and shift levels, CapEx, OpEx, and all the rest of it. All I can say at present is that the project is still on track in the sense that we still believe in it. We are now doing a lot of the detailed mineralogical and other technical work to assess what we now know and where we go next, whether that continues to be Lower Llechfraith or elsewhere in the mine. That's all I can really say about that. Why was level five paused after the company appeared to be approaching a potential pay chute? What happens if further work does not identify economic grades? The answer to that is that in fact we did pass through what was the historic pay chute in the sense that there are some historic mine sections that appear to show two or three pay shoots in the Lower Llechfraith. That's not obviously the reason why we are there. The reason why we are there is that we drilled that area substantially and found the right geological setting for gold that has historically produced gold, and that's why we're there. Yes, it's nice that there are some historical sections that show two or three potential pay chute extensions down in that Lower Llechfraith zone. According to those mine, those historic mine diagrams, we went through one of those pay chutes in the last blast. It's fair to say most of the last blast is still on level five because we've had to do a lot of work on the winches. One of the motors has failed and other things have happened, which happens of course in a working mine system. Spending the last few weeks trying to repair and upgrade and fix motors and the rest for those winches. Some of that material is still underground. It's not looking that different to everything that's gone before. We've sort of gone into one of the pay or into the pay chutes from those historic mine sections. It's a good time to pause with the winches not working anyway to be able to extract the material. We've got a bit of it on site on the surface, but not most of it. We've got enough information now, I'd say, so that we can really assess where we've gone to. There's no point just carrying on without at some point pausing to understand what we've encountered, whether it's what we were expecting to encounter. It's a complex mine system and we need to understand it, evaluate it. We've got, as I say, the right people to do that who really understand mineralogy. We'll bring in experts from outside to the extent we need them or if we want to do mineralogical work. Obviously, some of that is lab based, which we will be doing. We've got junior geologists in there doing sampling. Obviously we need not just crushed material, but we need actual rocks to be able to do some of this mineralogical assessment. That's something that's pretty normal in an exploration project. You don't just keep going, of course, willy-nilly, unless of course you're hitting gold every single blast, which unfortunately hasn't happened yet. We are pausing and I think that's the right thing to do. What happens if the further work does not identify economic grades? Well, as I say, that's part of the exercise. Let's work out where to go next. Is it still Lower Llechfraith, as we call it, whether that's level five or a different level? Is that somewhere else within the mine? Plenty of targets still to look at and work on. We want to just pause right now and have a good think about that and do some detailed technical work so we know that we're doing it on the basis of proper evidential thought. Why has the blast cycle been slower than historic mining rates? What are the main bottlenecks, et cetera? I don't know whether it's slower than historic mining rates. That might well be correct. You can imagine why that might be. We're in a very different world now in terms of the regulatory piece, quite rightly. We're working within modern safety, environmental access, processing constraints as well. There's lots of reasons why the blast cycle is what it is. The constraints underground, some of you have seen. It's a very tight and constrained setting underground. There's a limit to what we can do. There's a limit to the number of people we can have underground. Yes, we've put in a lot of development in terms of winches and electrics and all the rest of it that enables us to be semi-automated, but it is only ever semi-automated. There is a limit. The cycle, basically, if you don't understand, the cycle is drill, blast, muck out. Right? Muck out means take the blasted material, the blast material, not the blasted material, well, blasted as well, to surface. That is the cycle. At best, it's been about a week per cycle. That's what we've been doing, and I think that is pretty much. We'd like to have done a bit more than that, a bit faster, but that's pretty much what we've achieved in the good weeks, is a sort of a cycle of a blast a week. Drilling, blasting, mucking out a week. Bottlenecks, we've talked about pilot processing plant. There are still some bottlenecks there, but we continue to work on that, as shown by our purchase of a brand-new concentrator, which is producing better recoveries, but also still challenges as well to understand how it operates and how it best operates. All these different types of machinery have their own pluses and minuses. We're still working on sort of fine-tuning the iCON concentrator every day, essentially, in the processing. That also does slow down our throughput, but it's obviously important that we are confident that we're getting the maximum recovery. There's a lot of work that goes on with Peter Bolt, our Chief Mining Engineer, and our team within the processing, the pilot processing plant every day to try to optimize the processing that's going through the plant. That's that. Does the completed bat survey mean Arkadian can now look at other, excuse me, in-mine targets? Just get some water. Yes, it does. Sorry, that's the intention of it, certainly. We've done a lot of bat surveying in the past, but in terms of some of these other zones within the old mine system outside of Llechfraith, outside of our bat exclusion zone, we needed really to do some up-to-date surveying. We've just done one round of that. We'll do another round next month. It's what we call emergent surveys, so it's mainly doing dusk-related surveys to see what activity there is in and out of the mine. In particular, the Llechfraith and Ty'n y Cornel and the ventilation shaft. See what's coming in and out during those periods and comparing it to the historic numbers we've got so we can inform NRW of what we're seeing, and that will inform any permitting applications, whether it's permitted development or whatever it may be into the future in some of those other areas. That was the purpose of that, and yes, the idea is that it'll allow us to move forward to do some more work back in those other zones. Don't forget, we've done a huge amount of rehab and safety work in some of the old mine areas in the past when we first started. There's a lot of good groundwork that's been done there that will enable us to go in and look at some of these other areas. As to which ones we look at next, that's still, as I say, being considered and assessed. Waste tip trenching application and next waste tip work. Has an application been submitted? When could work take place? We've had trenching application in the past. Yes, we have applied for a renewal of our waste tip trench application for permitted development. It's a question of waiting the 28 days. I believe that has actually expired. We haven't had comments yet. That's not anything that's particularly material to say in the sense that is pretty much as expected. We've done several rounds of waste tip applications and successfully had permitted development. No objections to our permitted development work there. We would expect to get the same through this time. As far as I'm concerned, that deadline has passed. We'll just double-check that and confirm that. I'm pretty sure that is the case. It's a question of planning for the next round of trenching. There is a question somewhere about whether we've now processed all the historic waste tip trench material that we've taken. I believe that's also the case. I think we have some assays outstanding. The waste tip is an interesting proposition. We have found good grade there. Equally, we've also found lesser grade. It is very hit and miss as you would imagine, depending on the period of development where the material was thrown down onto the tip, depending on whether it was waste rock essentially, as in it was purely development material that you were basically mining out in order to get to the mineralized ore, or whether it was what they considered in those days to be low-grade mineralized ore. We've hit some good grade in there. Obviously it hit some not good grade in there. It is quite hit-and-miss. I think it's definitely got potential for some more work there, hence why we've put in another application. As to when we go back in and do that work, that remains to be seen, and we'll give you an idea of that once we've thought through the different phases of work that we're going to engage in next at Clogau. Can shareholders be assured that Clogau will not be sold without a shareholder vote? In terms of every project and every asset and every investment we have, we always follow the regulatory rules. There's no intention to sell Clogau today. There's no intention to sell any of our assets today in terms of our core assets of Motzfeldt, of course, which we've only just taken a majority stake in. Clogau, which we put a huge amount of work and money into, and which we can continue to put a huge amount of work and not inconsiderable money into. Those two assets, and our major investment, of course, in Greenland and GreenRoc Strategic Materials, those three are our core assets, if you like. To the extent that that decision changes in any asset or an offer comes in or we consider or look even to solicit offers, everything will be done in accordance to the legal and regulatory requirements, whether that requires a shareholder vote or otherwise it'll be what it'll be. As I say, the key thing today is that none of those core assets are ones that we are intending to try to divest of. There is a lot more work that's going into all of those assets right now. Metallurgy. Moving on to Motzfeldt now. Moving away from Clogau onto Motzfeldt. We've got about 17 minutes left. I do want to see if there's any questions that have come in since. I'm just having a scan. I actually can't see the live questions, so I'll just ask Sabina in a bit when I get through these questions to see if there are any live ones. Let's just crack on and finish what I've got from pre-webinar. What's the main unresolved metallurgical risk at Motzfeldt? CapEx range over the next two years? Greenland hydro projects, are they relevant? Metallurgical risk I've touched on in the presentation. All critical metals projects, and particularly rare earths, have got complexities associated with them in the processing front. Even just to give you an example, if you're trying to separate neodymium and praseodymium, which are two of the key rare earth elements for high-powered magnets for rare earths for wind turbines, that involves multiple hundreds if not many, many processes just to separate those two rare earth elements. That's pretty normal. That's across the board on all rare earth projects as I understand it. It's a complex processing piece. We've done a first-pass review. We've almost coming to the end of that now in South Africa. Some of that work has been announced. The last piece of it hasn't yet because we haven't got the final results yet. We'll then obviously announce those in due course, and then it will inform our second-phase round of work in terms of mineralogical and metallurgical work at Motzfeldt. We're also trying to target funding programs to enable us to do that second-round work. Obviously, no guarantees that we'll get funding from government sources whether that's U.K. or elsewhere. Obviously that's something that we are very keen on and are keenly trying to obtain. That's all I can say about that right now. CapEx range. Look, as I said, we're doing a first-pass development study which NIRAS is doing at the moment. It is only a first pass. We will start to develop that, and through that we will come up with some basic and a preliminary economic assessment of the basic CapEx, OpEx requirements. We don't have those to date. I think it's a little bit premature to comment on that right now. Hydropower is obviously relevant in the sense that there are big plans for more hydropower in Greenland. As again, power will be assessed as part of this initial first-pass study, and then we'll develop on the power requirements for the project and where we will get it from in future iterations of that work. Okay. What else? The dispute at Finnsbo, I think I've really touched on. There's not much more else I can say about that other than that we're taking steps to protect and preserve our rights. Horse Hill, UKOG has announced a sale or a potential sale, I think, or agreed sale if you like, but not a completed sale obviously of its stake in Horse Hill to an Aquis company. We haven't announced our position on anything to do with that yet. As soon as there are material developments, then we will do so. What is key to say about Horse Hill, obviously it didn't go as all of us expected or hoped for. Over the years, obviously, the regulatory environment has changed significantly, albeit that there are potentially moves to sort of row back on that, or if you like to sort of go back and try and re-energize some of these U.K.-based oil projects, whether onshore, more likely, of course, the focus is on offshore. Our focus really, it's a non-operated legacy investment. We have actually in line with what the operator has done over the last few years, we've written down our investment essentially to zero. That tells you now that it isn't a core asset for us anymore, unfortunately. It's not our strategic focus, which is gold and strategic metals. Of course, if we can extract some remnant value out of that asset, then we will look to do so. That's all I can really say at the moment. Anything else will be via RNS as and when required. Could Arkadian's Greenland assets be integrated or sold to GreenRoc? There's no current plans to do that. GreenRoc's focused on Amitsoq. We're focused on what we've been discussing today. As I say, there are no current plans for that. That's really all I can say about that. There's definitely space for more operators in Greenland. The assets are not conflicting. One is graphite, the others are other critical metals. There's plenty of space for everybody. They don't have to be integrated. Everything is always considered in the round and as opportunities arise, we don't rule anything out. As I say, a very key point to stress is there are no plans currently, and certainly it's not on the wish list for either party. It's about getting these individual projects moving forward as we're doing on both sides. Share price recovery. Well, this is the $64 million question. Will Arkadian share price recover? Now, obviously you'll understand we cannot predict or comment on future share price performance. There's lots of things that go into share price performance. Obviously, we're hugely disappointed by the share price performance, and that goes not only for Arkadian right now, but also for GreenRoc, which is a good example of significant milestones being met, but the AIM market not reflecting that in valuations. That, as I say, is extremely disappointing. We continue to keep these things under evaluation as to why they might be. Obviously, there are companies that buck the trend for whatever reason, but they are few and far between, I would say, in this market. There's obviously some huge geopolitical factors that have really put a damper on a lot of junior mining in particular, and just the sort of positivity of people investing in AIM and other U.K. stocks. Those headwinds are still there, unfortunately. What we can do and what we can only do is to continue to do the right work technically with the right people, communicate that work, which we do try to do sometimes not brilliantly. Sometimes we have a pause where we're working a lot and we forget to inform people what we're doing. That's part of what this is about, this Q&A. Yeah, we can do more on the communication front. The key thing that we can do is work on our projects that we believe in a controlled, disciplined, technical way with the right people working on them who understand the complexities and can move forward and actually add to the long-term value. That's really the bottom line. I believe we've got those both as it, for what it's worth, both at Arkadian and at GreenRoc. We shall see. It's not for the want of trying. I think that the key thing on Arkadian is to say that there's a huge amount now that's being rolled out, in particular at Motzfeldt over the next few months on various levels that I think will really help to push that project forward and that should, by all rights, be reflected in some more positivity coming into our stock. Whether it will or will not be, it's not something that we're able to sort of promise or predict, unfortunately. Someone asked about advanced gold. Why do we talk about advanced gold? Well, it's an advanced gold project, Clogau. It was a major producing asset over many decades. Advanced gold is intended to say that it is an advanced gold project, which is what it is. It doesn't mean that we're in current production or anything of the sort, but we are certainly advancing our understanding of our targets there with a view to future production. Those are all the historic questions. We've got about seven minutes left. I say pre-webinar questions, but I think there might have been some more that came in just before the webinar started, and then I'll ask Sabina if there's anything more. Thank you for these questions. What are the most rewarding milestones since taking the Clogau Project forward? Look, there's been huge hurdles to getting this project underway. Others would probably have given up at one point because of the regulatory piece. We really worked blooming hard for a number of years to convince the regulators that we could take this forward and we could do this work at Lower Llechfraith. Yes, frustrating that it hasn't yet reaped its rewards, but that isn't necessarily mean that it was the wrong thing to do? Of course, it doesn't, and I've pointed out why we don't have all the answers until we start doing this blasting and bulk sampling. I think one of the key things is getting through that regulatory piece. It's always ongoing work, of course, but to get through it to enable us to do one of the biggest pieces of development work at Clogau in decades is no mean feat in a national park in the U.K. and the current regulatory environment for mining. I think that is a significant achievement that all the team should be proud of. Yes, we still want to find the gold, so it's by no means pat yourselves on the back time, but that is a significant milestone I'd say that we got through and continue to get through. Mark Austin, highly respected figure in the mining industry. Old elder shareholders value his experience and strategic insight. What's his current level of involvement with the company? Yes, I agree. Mark Austin is a highly respected figure within Arkadian and continues to be on our board as a non-executive director and to help with his huge insight into Clogau and other things, including Greenland, where he worked a lot on the Amitsoq project in the years gone. He's still a GreenRoc director of course, as well. Hugely influential and still a major part of the ecosystem at Arkadian and GreenRoc, and we do lean on him for support and input on Clogau in particular all the time. That still remains the case. Those are the questions that I think came in just before the session started. Are there any more, Sabina, that I can't see unfortunately from during the session or any more new ones, should we say? There was a question about shareholder site visit in person. Would there be more shareholder interactions at the mine site? Yeah. There's absolutely no reason not to. We had a successful shareholder visit. We had obviously a handful of shareholders. You can only have a handful of people come underground at any time. I think that was successful trying to give people an understanding of some of the challenges and also a lot of the progress that has been made. I think that was a valuable experience. It was an experience to speak to shareholders and understand their views and thoughts. Certainly we can do that again in the future. The focus has been on work and that doesn't leave a lot of time for other things, unfortunately. There will be time in the coming months. We could certainly look to organize something. Whether it's an underground visit or something else remains to be seen, but we can certainly put our thinking caps on for that. Is that the only sort of new-ish question that's come in? There are some in the chat. Which I can't see, which is quite odd. Go ahead. Sorry. Go on. Has there been any further information gained from aerial survey over the Dolgellau belt? Yeah. Look, the aerial survey pointed out a number of zones of interest, in particular actually within the Clogau mine system. That's also part of what we're doing in terms of going back to the drawing board, if you like, looking at the other targets we've got in the mine, looking at the mineralogy from level five, and some of these targets that came through the aerial survey, which are in-mine or near-mine targets within Clogau. We also, of course, looked at the regional ground, there's a huge focus on Clogau at the moment and making that work. We will get back to the regional piece at some point and go into some of those aerial targets, delineated aerial targets. There are, as I say, some aerial targets that we want to put into the pot for considering what to do next at Clogau, that's work that's ongoing. There is just one more question here. Are there any other project acquisitions under consideration to expand the portfolio? No. No. We've got enough to be working on. I think that it's right that we brought on Motzfeldt. I think it's important that we're in the critical metal space, and in an advanced project like that, advanced exploration. We've got a lot now on our plate with Clogau and Motzfeldt, I think that's the right thing to have done. Obviously we had Finnsbo and had that not been somewhat stymied by unexpected actions, we could have been moving that project forward as well as we speak, and we may well still be in the future, that remains to be seen. That's plenty to be getting on with, I'd say. As I say, we still strategically support and are heavily involved, and I am personally heavily involved in what happens at GreenRoc on a day-to-day basis. There's a lot that we're doing. I think that's plenty for now. If that's everything, thank you everybody for joining. If we have missed any burning questions, you know where to find us on InvestorHub, and you can obviously put those questions back to us and we can try and answer them through that means. Thank you all very much for joining, and we hope to do one of these again much sooner than the last one we did. Thanks, everyone. Bye-bye.