Good afternoon, and welcome to the Sylvania Platinum Limited final results investor presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged, and they can be submitted at any time using the Q&A tab situated on the right-hand corner of your screen. Simply type in your questions and press send. Before we begin, I would like to submit the following poll, and I would now like to hand you over to CEO Jaco Prinsloo. Good afternoon. Good afternoon. Thank you, Alex, and thank you, everyone, for joining us. Ronel and I, our CFO, will take you through our results presentation for our results concluded to the period end of June 30th, 2026. We will alternate through the presentation through various sections, and then we will allow you some time at the end for questions. I think maybe just before we move on, please just take note of our standard disclaimer, so that you shouldn't solely base any investment decisions just on this presentation. Please just take note of the content. I think just to start off, if we look at Sylvania and the investment proposition. Sylvania has been a cash-generative, dividend-paying platinum micro mining company that's been in operation for just over 18 years now. We believe offer a solid investment fundamentals, as you will be able to see again from this year's financial results. Through a combination of stable and efficient processing operations, disciplined capital allocation, and by maintaining our position as one of the lowest-cost PGM producers in the industry, we continue to be cash generative with attractive margins, which have enabled us over the years to both internally fund our growth aspirations, as well as continuing to deliver attractive shareholder returns, and that's both through a combination of stable dividends as well as continuous share buybacks. I believe that the shareholder is going to again be happy with a solid performance during 2026 and as we hope to illustrate through this presentation. I think if you just look at the headline figures for the year, I am very proud on yet another remarkable overall performance for the period under review, where we've carried our positive momentum from the previous financial year into 2026 and maintained it throughout the year. From a PGM production perspective, our SDOs especially performed extremely well and delivered yet another record full-year performance, delivering 95,885 PGM, 4E PGM ounces in the year, which is an 18% year-on-year improvement and has also beaten our updated annual guidance of 90,000-93,000 ounces we stated earlier. In terms of the chrome production, it was a bit more of a challenging year. You have Thaba's ramp-up. I n the end, we managed to produce 50,317 tons of metallurgical-grade chrome concentrate, which was in line with the low end of our revised annual guidance. And then in terms of based on this stable production for the year and also attractive basket price recovery, where we had a 60% improvement year-on-year on the basket price and well-controlled group cash costs. I acknowledge that it is 7% up in dollar terms, but that is primarily due to the strengthening of the South African rand versus the dollar exchange rate, where our rand cost was actually flat year-on-year. The combination of disciplined cost control, good production, and a good basket price enabled us to post very good financial results for the period. We have had our net revenue of $226 million for the year was 117% improvement on the previous year and our group EBITDA of $114 million, more than trebled from the previous financial year. Finally, following this strong performance, I am very pleased to declare that the board has approved a final cash dividend of GBP 0.04 per ordinary share, which together with the GBP 0.02 dividend earlier in the year, brings our full-year dividend to GBP 0.06, compared to GBP 0.0275 in the last financial year. I think just in addition to that, also from a shareholder return point of view, we have had a share buyback of $2.4 million during the period, and we also just announced yesterday with our results another buyback program of another $1.5 million. If we just look at the operations, maybe there are some of you that are not as familiar with the company. Just a very brief overview. At the heart of our business, as I mentioned earlier, are the Sylvania Dump Operations, where we operate six chrome and PGM beneficiation plants on the Bushveld Igneous Complex in South Africa, where we treat a combination of historic and current tailings sources, as well as run-of-mine chrome ore from our host mine partners. These operations have been generating cash, the cash and enabled the growth that we have experienced over the past 18 to 19 years. Based on the success of our SDO operations, we are also now leveraging our expertise in PGMs and chrome recovery from dumps and ROM at our host mines through the Thaba JV with Limberg Mining Company, who is our JV partner there, and the operation is located on the northern end of the Western Limb. While our first six Sylvania Dump Operations are only generating a stable PGM revenue stream, the Thaba JV is different in the sense that it now introduced an attractive diversified chrome revenue stream to our business, which I will touch on a bit more later during in the presentation. Finally, we do own also some greenfield PGM exploration assets that could offer some future growth optionality, which is located in the northern limb of the Bushveld Complex. These are just covered in a bit more detail in our appendix at the end of that presentation. Before I head into the production numbers itself, it is always good to pause for a moment on safety. A safe, profitable, and responsible production is a non-negotiable standard and mindset for us, and it is also evident in the results that you can see on this slide. I'm extremely proud that the company, again, achieved an excellent overall safety performance during 2026, which was a record performance for the company. It's one of the best overall performances we've had to date. I think while it was excellent that we can maintain our fatality-free status since inception of our operations, which is now almost 19 years, we also had some very remarkable lost time injury-free performances across the operations, especially Doornbosch, who is at the industry-leading 14 years without a lost time injury. I think also noteworthy to note on this presentation is that we have seen that zero harm on our operations can also be achieved, and we've had three of our operations who are at significant milestones in terms of zero harm. Where Doornbosch achieved five years, Lannex three years, and Millsell one year without a single injury of any class at the operations, which is remarkable. If we now look at what enabled this record PGM production performance of ours for the year. We have seen, first of all, that we had a 12% year-on-year improvement in PGM feed tons, as well as feed grades improving by 3% and then recovery efficiencies increasing by 1% for the group. The PGM feed grade, again, was based on a combination of better feed quality and feed sources from our host mines at Tweefontein, Mooinooi and Lesedi in particular, as well as higher-grade third-party material we still treated during the past financial year at our Eastern operations. The PGM feed tons and recovery efficiencies were enabled by improved plant stability and utilization, as well as our continued focus on operating efficiencies and improvements during a period where both the Eastern and Western operations have exceeded their business plan and we are carrying that similar momentum into 2027. Overall, an excellent operational PGM performance for the year and as I said, a very good effort by our Sylvania Dump Operations. I have mentioned earlier that the chrome ramp-up and commissioning at Thaba was slightly slower than we anticipated. I'm excited that we were able to deliver the first chromite concentrate for our operations, for our own revenue purposes, and we've done 50,317 at an average yield of about 31%. If you look at the feed grades and material we have in the U.S., it is reasonably aligned, but we are still optimizing in this next financial year, so we'll touch on a bit more detail as we go forward. If you look at just the year ahead, we are forecasting a PGM guidance in 2027 of between 85,000 and 95,000 PGM ounces, which is slightly lower than the 2026 financial year. The primary drivers there is, and you will see on the bars, that our Doornbosch and Lannex operations in 2027 has a lower contribution as the third-party material that they've used to treat before is now depleted, and the Tweefontein also is slightly lower. But then again, in 2028 and 2029, you would see Doornbosch improving as we get additional higher-grade current arisings from the new chrome section host mine on the Eastern Limb that they'll be reporting to our Doornbosch operation, and also Thaba starting to stabilize. You can see those outlooks. From a chrome production point of view, we are expecting a much stronger performance from Thaba during 2027, which I would elaborate on a bit later. W e are expecting a chrome production guidance of 110,000 - 140,000 tons of metallurgical concentrate this year, and then that build up to about 160,000 - 170,000 tons in 2028, and about 180,000 - 190,000 in 2029. Just in terms of our focus areas for the next financial year, I think it's very simple what we need to do in the sense that we need to continue doing all those things well that we have been doing well, and they're what made us successful to date, and as we have seen on our Sylvania Dump Operations. T hen in the case of Thaba, the things that we haven't done so well yet, we need to do better so that we can improve. W e will continue to prioritize safety and operational excellence across the Sylvania Dump Operations and our Thaba operations with continued focus on higher-grade feed sources from the current host mines and then third parties, respectively, at the dump operations. And then in terms of Thaba, we need and expect a significantly improved performance from the Thaba JV operation, with specific focus on determining which areas are best to mine. Then to ensure that the ore is mined efficiently, and finally that we process it as best as possible. I will elaborate a bit more on this later in the presentation when I specifically touch on the Thaba section on its own. O n this note, let me hand over to Ronel to discuss some of our financial highlights before I touch on our growth projects again later. Thank you, Jaco, and thank you all for joining our presentation this afternoon. The past year was characterized by exceptional financial results, positive cash generation, a resilient balance sheet, disciplined deployment of capital, and meaningful value creation for shareholders. I would also like to make use of this opportunity to thank all the people and exceptional teams within Sylvania that made these results possible. Every employee played a crucial role in the achievement, and we are very proud of the Sylvania team who made it possible. As Jaco mentioned, we had record 4E PGM production for the year, which make it the second year in a row to achieve record production. The 60% increase in the U.S. dollar 4E PGM basket price year-on-year provided a strong tailwind to financial performance, enhancing revenue generation and profitability of the group. Cost of sales increased by 53% and includes mineral royalty tax. I will elaborate on the cost later in the presentation. The write-down in the exploration asset relates to the Hacra project, for which the board and management has decided not to spend additional capital on. This is a once-off non-cash item. Interest received is earned on surplus cash invested in both U.S. dollars and South African rand at an average interest rate of just over 4% across the portfolio. The balance of the interest relates to interest earned on the Thaba JV related loan at the South African prime interest rate, currently at 10.5%. Income tax expense includes corporate tax payable at a rate of 27% in South Africa on taxable profit, as well as the deferred tax movement. The increase is driven mainly by the higher taxable income compared to the prior year. As Jaco mentioned earlier, revenue increased year-on-year by 117%. The waterfall graph on revenue demonstrates that the increased basket price was the main contributor to the increase in revenue at 89%, followed by the contribution of the higher than planned production of 18%. We also realized our first attributable chrome revenue from the Thaba JV during the period of $9.6 million. The chrome revenue stream contributed 4.2% to the total net revenue, with PGM contributing the balance. The pie graph in the right upper corner demonstrates that our revenue profile benefits from a balanced PGM basket, providing diversified exposure across multiple metals. For FY 2026, platinum is still the highest contributor at 42%, followed by rhodium at 33% and palladium at 11%. The combined iridium and ruthenium contribution equates to 14%, a noticeable increase from historic trends. The mentioned increase in revenue translated directly into EBITDA, with adjusted EBITDA increasing by 289% year-on-year to $ 114.2 million. The write-down of the Hacra project mentioned earlier was excluded from the adjusted EBITDA calculation due to its ad hoc and once-off nature. Mineral royalty tax forms part of cost of sales and amounted to $7.8 million for the period, calculated as a percentage on relevant gross sales as defined. We remain confident in the value proposition of our co-product model going forward, which is well-positioned to benefit from potential increased production volumes and favorable commodity market dynamics, supporting enhanced returns over the long term. On the cost side, despite increased revenue as discussed, we continue to focus on disciplined cost and capital management. The graph on the top left-hand side reflect the 4E PGM cash cost per ounce at consensus price assumptions. As indicated by the blue bars, the SDO cash cost per 4E PGM ounce amounted to $790 per ounce for the period, which equates to approximately $628 per 6E PGM ounce. The Thaba chrome cost per ton for the current period was $127 per ton, again, at consensus price assumptions, and is forecasted to decrease over the next three years. The effect of an increase or decrease in the USD /ZAR exchange rate is reflected by the gray solid and dotted lines respectively. The total cost of sales is split into direct and indirect operating costs. The top five cost item in direct costs are labor, power, mining cost, consumables, and laboratory cost, as well as purchase of third-party material. Although the third-party material constitutes a large portion of the overall cost, it continues to contribute positively and strategically to the group as a whole. This cost is calculated on a price matrix, which is directly linked to the basket price. Therefore, in times of elevated basket prices, the cost of third-party material increases proportionally. Although with various different suppliers, this arrangement will continue into FY 2027 on the same commercial principles. Mineral royalty tax was the largest spend in the indirect cost category. When considering the cash flow for the period, the stronger PGM basket price also supported positive cash generation. Net operating activities generated cash of $101.4 million. As mentioned before, finance income is realized from surplus cash invested in both U.S. dollars and South African rands and amounted to $1.9 million. Investing activity comprises mainly of, firstly, capital spend on both stay in business and expansion capital of $32.4 million, and further, the contribution to the Limberg capital loan and the Thaba JV working capital loan of $2.3 million and $15.9 million respectively. Outflow relating to share buybacks amounted to $2.4 million and dividend payments to $13.8 million, bringing the total cash return to shareholders for the period to $16.2 million. This then brings us to a healthy cash balance at year-end of $67.3 million. Looking more closely then at our capital spend and short to medium-term forecast, it is evident that the largest spend is still concentrated around the tailings and infrastructure. We continue to invest systematically in tailings storage capacity through a structured and long-term capital program, recognizing the strategic value that well-positioned tailings facilities provide in supporting operational flexibility, future growth opportunities, and sustainable production. However, our forecast is moving towards business improvement, growth, and R&D projects to enhance the production capacity and profile and to extend the life of the operations which support long-term shareholder value creation. This, for example, includes a pre-feasibility study completed during FY 2026 for an anticipated new treatment facility at the Eastern Limb. The property linked to this project has already been acquired, and we are well-positioned to continue further value engineering on the opportunity. Our capital allocation framework aims to maintain financial strength while investing in the future. It remained focused on maintaining a strong balance sheet, investing in value-accretive growth opportunities, sustaining operational excellence, and delivering returns to shareholders. As Jaco mentioned at the beginning of the presentation, an interim dividend of GBP 0.02 per ordinary share was declared and paid, and we are proud to announce that the board has approved a final dividend of GBP 0.04 per ordinary share, which results in a total dividend of GBP 0.06 per ordinary share for the period. This far exceeds the dividend policy's minimum of 40% of adjusted free cash flow. We have been able to pay uninterrupted dividends since 2018, and we are anticipating this trend to continue going forward. The total dividends paid to shareholders since the maiden dividend in 2018 amounts to $145.2 million. Opportunistic share buybacks are conducted from time to time and are intended to complement dividends. A further on-market share buyback program to the maximum value of $1.5 million was also announced yesterday. The combination of consistent share buybacks and sustaining dividends reflects our continued commitment to shareholder returns. I will now hand back to Jaco further around our growth strategy going forward. Thank you, Ronel. As we now just focus our attention on growth, I will first start with an update on the Thaba JV progress and the focus areas before touching on some of the growth opportunities outside Thaba. I think maybe just a first recap on Thaba. Thaba is probably the most significant growth project that we have executed in the past decade, and it is of particular significance, as I mentioned earlier, as it represents a significant and exciting diversification opportunity. That's both in terms of the commodity portfolio, so it adds a revenue stream to our portfolio, a current revenue stream to our existing PGM revenue stream. It also adds diversification outside the current host mines where we only had one host mine at the moment or our other six operations, so only one host mine. I think what we're excited about is that the operation has been fully commissioned in the first half of 2026 financial year. It then continued to ramp up during the second half of the financial year. Unfortunately, as we have communicated before and at various reporting periods, the commissioning and the ramp-up was not without its challenges. While most have been largely resolved, the lower than planned run-of-mine feed tons and the delivered ore feed grades to the plant remain one of the more significant challenges that's being addressed at the moment. We do, however, continue to work closely with our JV partner who owns the mine and is also responsible for the mining operations on behalf of the JV, as well as respective specialist consultants to address the mining challenges and the run-of-mine ore feed quality. We've already developed an updated geological model during the period, which now informs the resource and pit optimization, and also the life of mine planning that are currently in progress, and is expected to complete it during the next quarter. In the meantime, while improvements to the mining operation are being implemented, we continue to explore and treat alternative third-party run-of-mine feed material to mitigate current mining risk and challenges, and also to ensure that we can keep the plant full. From a processing perspective, the plant throughput and stability improved significantly towards the end and during quarter three of the 2026 and post-period end. The processing focus is now progressively shifting from plant stabilization towards improving production efficiencies and metallurgical performance to ensure we optimize the value from the material that we are treating at the properties we're receiving. Finally, while the updated run-of-mine feed grades are lower than originally planned, the Thaba project is still expected to deliver attractive chrome production, chrome product revenues, and investment returns to the group. Just to give you an idea of the production profile and also profits from the operation, we have, in this slide, again, provide some illustration of the key operational and financial parameters. The first graph, which is the base case scenario, in this graph is labeled, is a scenario that is in line with the mine plan and the run-of-mine feed grades as scheduled by our host mine. As well as an additional conservative scenario we have added, that is just where we allowed for a more gradual increase during the first half of 2027, in terms of the tons throughput, and also assumed slightly lower run-of-mine feed grades going forward in terms of dilution to the mine. We should have a better idea on where exactly we will end up during the next three to six months, and then we will be able to update you accordingly. As I have mentioned earlier, despite the initial ramp-up and ROM ore quality challenges we are experiencing at Thaba, we still do believe that it is an attractive project, and that it will continue to contribute in terms of diversified revenue and EBITDA to the group. You can see the EBITDA contributions in the bottom half of the graphs. Thaba's EBITDA contribution will be between 8% and 10% of group EBITDA in 2028 and 2029, based on the current metal price assumptions. That obviously can increase as the specific respective PGM and chrome prices vary. Here is just a few photos of the operation that we have included for you, which shows the plant operation. I will leave it for you to pursue these or go through it in your own time. If we look at growth opportunities outside Thaba, we focus specifically on opportunities that add value within on our existing operations, where we specifically can improve grades and throughput. To that end, we specifically have our, at Mooinooi, there will be a new feed coming from the additional run-of-mine feed plant at our Mooinooi operation at the host mine, which will provide additional current risings. As well as the new chrome mine I have mentioned earlier at Doornbosch, the chrome section that will provide additional current risings. Then we continue to look opportunistically at additional third-party high-grade feed party material. In terms of other opportunities outside the current dump operations, Ronel has mentioned the capital on the pre-feasibility study for the Eastern Limb potential facility, and we have completed that pre-feasibility study in Q4. We have now narrowed our options in terms of focus specifically on the dump potential of that opportunity, and we would be doing a value. We have commissioned already a value engineering study that we hope to conclude, say, in the next three to six months as well, before we make a decision or finally going to a feasibility study or execution. Also, fine chrome recovery from dormant chrome tailings facility is also a potential exciting opportunity. We are building on the outcomes of our various R&D efforts and pilot plant trials, which we are progressing with a pre-feasibility study also to determine the future potential of this opportunity. Finally, similar to the Thaba opportunity we have, we continue to look for opportunities to further diversify our portfolio and also considering potential diversification in other commodities and where we can replicate our proven operating model and leverage our successful track record and expertise. We frequently perform technical and commercial due diligences on such complementary projects and opportunities that come across our desk, and we will continue to do so going forward. From a market point of view, I think I firstly want to illustrate to us, before we go into formal supply and demand fundamentals, I think it is important that we maybe just first look at this slide, which first illustrate and would provide a bit more context. The pie graph on the left illustrated the prill split, which is the composition on which our 4E metals appear in our ore body. We have the platinum, palladium, and rhodium making up the four metals, and we have a higher than, typically in the industry, portion of rhodium, almost 12% in that, and platinum at a high level, which gives us a very good basket price exposure relative to our peers. In addition to that, we also have attractive iridium and ruthenium contribution. I think Ronel pointed out that in the past financial year, the iridium and ruthenium contributed about 14% of our revenue, whereas five years ago it was only about 5%. I think, first of all, we have an attractive basket. Secondly, on this graph to note is that the PGM industry cost curve, Sylvania is well-positioned in the lower quartile of the industry cost curve, and that specifically is important because in difficult periods, we are still able to remain profitable and generate cash to fund our growth aspirations and our operations and return value to shareholders. When we are in a positive price environment, you are able to survive. D epending on what the market movements are, Sylvania is still well-positioned within the market to carry on and do its operations. This graph just illustrate to us the specific PGM metal prices that we have. How the metal prices improved. We already said that the 4E metal prices increased 60% year-on-year on the 4E basis. You can also see that basically all the metals have had attractive appreciation over the year. I think also important on the bottom graph is the chrome price traded stable at the average level of about $ 280-$ 285, CIF during that period. We still believe the fundamentals are supportive of a higher 4E PGM basket price than what we are currently seeing. Unfortunately, the Middle East conflict that started in about March 26th, as you can see on these graphs, and the remaining uncertainty about U.S. policy and tariffs all had been weighing down on the markets. Talking about the fundamentals, let us look at some detail around the supply and demand going forward. Firstly, if we look at from a bit of more detail, demand side. While there is different metal movements for the individual metals, the overall demand for our metals in our basket remain robust. If it wasn't for the conflict in the Middle East, as I mentioned earlier, it would've been much better. Auto catalyst still remains the primary demand driver for platinum and especially palladium and rhodium. While the number of internal combustion engine vehicles sales are lower, this is offset to a large extent by higher metal loadings because of higher emission standards. Also the growth in hybrid electric vehicles that still use catalysts. Platinum has also additional and increasing demand in the industrial sectors, especially the glass sectors and chemical sectors. That is positive. Finally, iridium and ruthenium demand is also increasing due to their use in advanced electronics, hard drives, and also AI-related applications. Let's hope after this weekend's news, maybe AI demands that remain strong, but nevertheless a good demand driver. In summary, we have a robust view on overall demand for the medium term. If we turn to supply, I think there's still consensus and concerns around the future supply and growth of supply from some African mines, as many of the growth and expansion projects that were on the cards a few years ago have been shelved or slowed down during the previous down cycle. While we've seen a bit of an uptick in the metal prices, it hasn't been enough for the market to recover from that yet. Many of those projects have not come back into the pipelines. Finally, while secondary supply from recycling has recovered somewhat during the past financial year, and I think it was about a 10% recovery, the levels are expected to remain at the same levels. Recycling contributes between 22% and 32% of total supply for respective, depending on which metals it is in the basket. Finally, based on the supply and demand balance, most analysts forecast platinum, palladium, and rhodium to be in deficit for 2026, with platinum in deficit for the next five years and some people even see it beyond. Palladium in deficit between one and three years, depending on some of the analysts' views. While rhodium is forecasted in a close balance in 2027 and then in surplus thereafter. R hodium being so thinly traded and those small volumes have large potential volatility. If we turn our attention to the chrome production, I just want to get that slide. The chrome market perspective, if we look at that, there's a few points here, but the main driver from demand perspective is stainless steel. Stainless steel consume more than 80% of the global ferrochrome production, and it is still the strongest demand driver, and has consistently been growing at about 4%-6% per annum over the past 10 years, and slightly down to about 3% in 2025, and about 2.5% for 2026. I t's still growing. While chrome and ferrochrome production is forecasted fairly flat for 2026. While there's short-term movements, the long-term growth outlook remains positive. On the supply side, South Africa is the largest chrome ore producer globally and produce around 60% of global chrome ore production in 2025. But with about 19% of South African chrome production, and that was in the 2024, 2025 period, coming from UG2 sources by primarily the PGM miners. That supply could come under pressure in the longer term as UG2 sources reaches end of life and production decline in coming years. Therefore, chrome is forecasted to be in deficit from about 2029 onwards, with the overall outlook for chrome remaining robust. Chrome remains an attractive option for diversification, and hence our focus on that in the production going forward. I will hand back to Ronel just to give us a brief update on the ESG efforts, before I will draw the presentation to a close. Thank you, Jaco. As always, ESG remains a cornerstone of Sylvania Platinum's long-term value creation strategy. Through its unique retreatment business model, the company transforms historical mine residue into valuable critical minerals while supporting environmental rehabilitation. As Jaco alluded to earlier, our people and their wellbeing remains at the core of our business. This remains visible in our safety statistics. We maintained our excellent safety performance with zero fatalities since inception and achieved various safety records during the period. Our commitment to sustainable development extends beyond responsible resource recovery to the meaningful economic value it creates for stakeholders. As reflected in the table on the left of the presentation, the payment of corporate and employee taxes and salaries and wages continues to support the South African fiscal framework and contributes positively to household income and economic activity in local communities. Procurement spend further supports local community businesses, reinforcing the commitment to create lasting value in the regions where we operate. Together, these contributions demonstrate Sylvania's role as a valuable economic participant that supports communities, government revenue generation, employment creation, and sustainable regional development in a responsible manner while delivering long-term value to shareholders. I will hand back to Jaco now to take us through the last section of the presentation. Thank you, Ronel. Just in closing and looking ahead at 2027 and beyond. The SDO Sylvania Dump Operations is expecting to continue their strong performance, as I said earlier, during 2027. As we stabilize and optimize the Thaba JV operation, we expect to produce between 85,000 and 95,000 ounces of PGMs during the year, and also 110,000 - 140,000 tons of chrome product for 2027. Based on this production and the PGM basket price assumption and our consensus for the 2027 financial year is about $2,612 per ounce and a chrome price of about $290, $295 per ton CIF. We estimate our EBITDA to increase by about 12% to approximately $129 million for 2027, which then improve to about $139 million in 2029, when the Thaba contribution stabilizes. I think, finally we have illustrated and included the ± 10% sensitivities again on this chart to just give you an indication, and illustrate that we still maintain a healthy EBITDA margin at the potential downside scenario. Even if these metal prices decline by about 10%, there is attractive upside if the markets improve. Overall, I think we are in a good position. In closing, I believe that this was a very solid set of results for 2027, and I am very happy that we could, again, deliver significant value to our shareholders as we have done over the years. As I said in my opening, and hopefully been able to demonstrate through these results in the presentation, I believe that Sylvania offers a solid investment fundamentals. With our stable and profitable production and attractive cash generation, combined with optionality for growth, we are well-positioned to continue adding stable and attractive returns to our shareholders for many years to come. Thank you very much, and we would be happy to field some questions. That is great. Thank you very much indeed for your presentation. Ladies and gentlemen, please do continue to submit your questions using the Q&A tab situated on the top right corner of your screen. While the company take a few moments to view those questions submitted today, I would like to remind you the recording of this presentation, along with a copy of the slides and the published Q&A, can be accessed via our investor dashboard. Jaco, if I may now hand back to you to chair the Q&A, and I will pick up from you at the end. Thank you. Thank you, Alex. I am just going to read the questions and proceed. We had one pre-submit question and then most of the questions came through as we spoke, so bear with us. We are just reviewing and maybe considering the questions as they are. The first question, a pre-submit, it said, "Given Sylvania's strong balance sheet and cash-generative operations, could you provide some insight into the company's longer-term growth ambitions beyond the current South African PGM business? In particular, would management consider expanding geographically outside South Africa or diversifying into other commodities where Sylvania's technical expertise and capital discipline could create value? I believe the company currently trades at a significant discount despite its strong financial position, and I wonder whether broader diversification and additional growth platforms could ultimately help the market assign a higher valuation to the business." I think maybe I have touched on our growth aspirations. We certainly are continuing to explore alternative opportunities, and we continuously pursue some technical and commercial due diligences on new opportunities. In terms of diversification from a commodity point of view, we do from time to time consider alternative commodities, where our current expertise and experience and technology could be complementary. For instance, where we do gravity separation on chrome, many of the technologies and processes we use could be replicated in manganese, cobalt, nickel, tantalum, tin, the heavy metals typically. Whereas on the PGM flotation side, the flotation technology could be again replicated in terms of base metal flotation, copper, nickel, cobalt base metal flotation, as well as potential hard rock lithium flotation. Those metals that I've mentioned are all on the critical mineral list of many countries, so part of we could use our technology and experience in. From a geographical diversification point of view, we have a very strong asset base and experience in South Africa, so that obviously is one advantage for us. We do from time to time, again, consider potential alternative jurisdictions, mostly in Southern Africa, where we have the management reach and stuff where our technical and production teams can reach. We have identified Namibia, Botswana and Zambia in particular as particular mining-friendly jurisdictions. We do from time to time look there. I hope that answers the question in what we would look at. The next question asks, "In Assess Mining, we talked about the use of platinum in hydrogen trucks, which are used in the mining industry in South Africa. Will Sylvania Platinum use the hydrogen trucks in their operations and bypass diesel?" Somebody says, "Obviously from Ireland. It says cheers from Ireland." Look, I think the hydrogen trucks, and I know historically, Volvo has had a big drive there. They've developed the first hydrogen truck a few years ago already, and there's a lot of development there. I think where we are and where the technology currently is at this time, it's probably unlikely that we, in the near term, would be deploying that. I think looking at our current operations, the size of operation relative to those bigger mines like Mogalakwena, where they have the big hydrogen trucks, we continuously view ways of how to optimize diesel consumption on the operation through additives and other means, technology. I don't think we would anytime soon, the technology is at such a phase or state that we would be employing it in our operation in the near term. There was another question that says, "Do you expect a change of metals mix in the 4E PGMs, four SDO operations in 2027 and going forward?" With us treating the middle group and lower group, the MG and LG seams on the chrome deposits in the Bushveld Complex, we see quite a stable prill split. Where I've mentioned that we have a more attractive prill split, our prill split is typically, especially in rhodium, significantly higher than Merensky and UG2 ores that the primary PGM miners mine. For our resources that we're currently exploring, we expect it to remain quite stable. Saying that, we do know that our LG or the lower group material has slightly higher rhodium content or more attractive, can be up to 14%-15% rhodium, and the chrome section project on the Eastern Limb at Rafiki to Doornbosch might increase that slightly in terms of the LG6 potential. I don't expect a material change in the overall composition, say, over the next three to five years for the Sylvania operations. Then there's another question that says, "For how many years into the future is the run feed from the host mines guaranteed?" Let me start with the easy one. At Thaba we have a current agreed JV term of 10 years and at this stage we're planning for 10 years of run-of-mine material. We do have an option in our agreement to negotiate with our JV partner an extension beyond that term as there is sufficient run-of-mine material available at the Thaba mine. That is give you an idea on Thaba's life of project. If we look at Mooinooi and Lannex where we're treating run-of-mine material, Mooinooi has a significantly longer life and well beyond 10 years of run-of-mine and as I mentioned earlier, the Mooinooi project also increasing the run-of-mine capacity at Mooinooi. At our Lannex operation, those timeframes vary from three to five years as the mine plannings go and various sources. We continue to assess that. Lannex is capable of running fully on dump material as well as run-of-mine material that tapers down in future years. There's another question that says, "Capital guidance for 2027 was significantly increased compared to the one indicated at the end of 2025 results. Do the indicated investment expenditure for 2028 cover all the needs, or are there additional investment projects being considered that are not included in the 2028 guidance?" I think as Ronel explained in the presentation, some of the tailings dam capital that we initially planned in 2026 pushed over into 2027, as we had some regulatory delays on two of the dams. Then we have quite an increase in business improvement and also growth and expansion and research and development capital. Those are particularly focused at increasing our production profile and also life of operations going forward. From a tailings dam point of view itself, the question asks if all the needs are covered for. By the end of 2028, we will have most of the dams covered. There's one additional tailings dam at Mooinooi that would probably only be constructed in about 2030, 2031. That is not in the current production profile, but otherwise, we see capital significantly declining between over 2029 to 2030, and then the year after, the Mooinooi dam is done. As I said, what's important is if you look at when we had the base at the end of financial year 2025, we had a production profile and guidance estimate of 80,000-85,000 ounces. The year or two years before that, we probably were thinking between 60,000 and 70,000 ounces. So we have over the years, with the capital we employed to upgrade our plants, to improve technology, and to put these tailings dam life ahead of us, enabled our operations to now treat, as you can see at the moment, between 80,000 and 90,000 and even up to 95,000 ounces. I do think our capital has been well invested. One of the next questions says, "Why the anticipation of potentially suboptimal feed grade and tons looking forward at Thaba JV? Why the application of potentially suboptimal feed grade and tons looking forward at the Thaba JV?" I think I did explain why we scaled down those feed grades at Thaba. As I said, it comes to firstly that we've seen from geological model a slightly lower feed grade than what we initially anticipated operation. Then we provide in the early, say, in the next six months, a stabilization where we improve the dilution from the current higher levels of dilution to getting closer to steady state dilution in the second half of this financial year. T hat is the main reason for tapering that down. There was also a question that says, "What kind of scale can you tell us in mind of the Eastern Limb?" Look, as I said, we have been doing that pre-feasibility study. Because we have eliminated the run-of-mine section, they're focusing on the dump now in particular. I would think in scale-wise, it would be typical like one of our other dump operations, and you could, I think, look at between 5,000 - 10,000 ounces a year from an operation like that and so on. T hat is typically where we look at now. Chrome would be lower because it's just dump chrome and not run-of-mine chrome available. When is the dividend payment date? Ronel, I think it was in the announcement. I don't know if you were able to, d o you have the date? Yeah. The final dividend of GBP 0.04 for ordinary shares payable will be paid on December 4th, 2026, to corporate investors. What is the current 6E basket price? We did have it in the presentation. I'm thinking if I no. We only have the 4E basket price in our things. While I'm talking and going to the next question, I'll see if Ronel can find it quick enough. Otherwise, that's something we'll have to get back on. There's another question that says, "From your perspective as producer, do you agree with the market outlook now for a calendar year surplus versus deficits this year as predicted at the beginning of the year due to slower China demand? Because I think if you look at the supply-demand fundamentals, there's the balance." I think there's a lot of uncertainty that came in at the beginning of the year as the Middle East conflict started. That obviously drove consumer behavior, drove the demand, and the number of internal combustion engine vehicles and small vehicles in total, commercial vehicles that have been built. T hose things impacted. I think on the balance of it, if I look at most of the analysts, everybody's in agreement that at least 2026 will be in deficit. As I said, platinum and palladium in deficit for 2027 and 2028. Then, as I said, it changed slightly for palladium. Y eah, I'm not in a position to argue necessarily with those analysts. I don't have first-hand experience to say if they would be wrong. Then there was a question that said, "How much is outstanding on Thaba JV loan, and is it still increasing or being repaid? When do you estimate it to be repaid?" Ronel, you can maybe just give us a bit more information then. The total outstanding on the loans are just short of $50 million, and that is inclusive of the accrued interest. We are not foreseeing at the current market outlook and fundamentals that we will have to contribute more to those loans. The interest will keep on accruing on those loans, but we can't see any further capital contributions to the loans, so no further cash outflow from our side. Again, at the current market prices and fundamentals in the base case that Jaco provided detail on during the presentation, we are anticipating for those loans to be started to be paid back towards the end of 2028. Okay. I think then the last question I had here said, "With third-party material processing, are these long-term contracts and are they continuous monitoring to maintain the high level of yield?" I think first of all, the previous third-party material at the Eastern Limb that we've been reporting on for, let's say, in the past two years, there we had a long-term agreement in place, and we had a set volume that we were treating, and that agreement has come to an end at the end of June. We still have currently various approaches for third-party material. I think maybe it's an important point to discuss, because when you look at the increasing demand in terms of chrome overall, there is increasing operations starting up and plants treating, and also we know our host mine is increasing their run of mine arisings. T here's not necessarily enough tailings treatment capacity and tailings facilities available in the industry to accommodate all that feed, and especially PGM treatment facilities and tailings facilities. We are continuously approached by parties saying would we be able to take the tailings from their operations and do it. By us having the network of tailings deposition facilities that we have at our respective sites, and with the capacity we have ahead of our operations, we are in a preferential or advantageous position to benefit from additional third-party material coming in. There are one or two suppliers that have significant and big enough resources where we are currently negotiating to secure longer-term offtakes, and then we would obviously bring it into our formal planning going forward. As I said, there are various smaller suppliers who are on an ad hoc basis as the demand of chrome increase are approaching us, and which might lead to longer-term supply depending on their operations. We continuously evaluate that. T he key for us is making sure we have the right infrastructure in the right places and we have adequate tailings deposition capacity. Our capital allocation program has been designed around that and that's why we focus specifically on those tailings infrastructure as well as our business improvement and also our growth projects in terms of capital. Thank you. I think that was all the questions that I have here on my board. That's great, Jaco. Yes. Ronel, thank you very much indeed for addressing those questions from investors today. Jaco, before I redirect investors to provide you with their feedback, which I know is particularly important to yourself and the company, could I please just ask you for a few closing comments? Thank you, Alex. I think maybe just in closing and in conclusion, as I said, I am very pleased with the current performance and this past year's performance of the company. I also acknowledge that we still have optimization work to do at Thaba specifically, and we have mentioned that. I do believe that those challenges are well understood and that we know what it is to focus on. A lso, I am comfortable that we have plausible action plans to implement so that we can address that going forward. I am excited about our future and also what we would be able to offer for shareholders going forward. I think maybe just, and Ronel touched on it briefly, but after a year like we have had, I also just want to acknowledge our management and production teams and all the employees who have contributed towards a record year of performance and which continue to enable us to advance our strategic growth initiatives in a safe and responsible manner. A lso our board, who is guiding and supporting us both through great and challenging times. Then finally, I think just our valued shareholders, for all your trust and support. We look forward to continue our journey with you and to continue adding value for you. T hank you very much. Fantastic. Thank you once again for updating investors today. Could I please ask investors not to close this session, as you will now be automatically redirected to provide your feedback, which will help the company better understand your views and expectations. On behalf of the management team, we would like to thank you for attending today's presentation, and good afternoon to you all.