BCI Minerals Limited

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Good morning, everyone, and welcome. I'm David Bossoff, and with me is our CFO, Steve Fuster. We're pleased to be joining you today for this September quarterly update. Before we get underway, I'd like to highlight that today's presentation should be read in conjunction with our September quarterly report. This is now available on our website. As we move through today's session, if you have any questions, please feel free to add it to our live Q&A tab, and then that's on the right-hand side of your screen, and we'll address those questions at the end of the session. It's been another strong quarter for BCI marking one year of operations. Switching on the pumps last year, since then we have moved more than 185 gigaliters of seawater into our ponds with continued progress on inundation of ponds one to nine ahead of the 2025, 2026 summer season. Our focus remains clear, ensuring a safe and sustainable operational ramp up as we bring more assets online and close out the final construction packages. What really stands out this quarter is how strongly our people and our partners have lived our values. A great example was our goal to achieve 90% pond inundation by the 1st of August. I was actually on site the day that that happened and the team achieved it two days ahead of target. They really smashed that goal. That's our, we do what we say value in action, showing commitment, teamwork, and pride as we are producing together. Now I'd like to take you through the highlights for the quarter. In safety, we continued to strengthen key fatality prevention controls by completing 301 critical control verifications. We also performed 640 field leadership interactions and our total recordable injury frequency rate reflects an ongoing focus on safe operations with a 12-month rolling average at 3.1. By the end of September, the pond surface inundation has reached 93%. We also introduced new technology that's giving us real-time insights into how our operations are performing. This data is helping us to make smarter and faster decisions and plan more effectively for the future. I'll share a little bit more about that later. Construction also continues to progress well. We are both on schedule and within budget, with the overall completion of the construction packages now sitting at 74%. Finally, the commissioning of the pre-KTMS pilot crystallisers, which is an important step of our sulphate of Quartus progress, has also progressed well. We are now in commissioning. I'll now hand it over to Steve to walk us through the financial highlights. Thank you, Steve.

Thanks, David. With construction on budget, BCI remains in a strong financial position. During the quarter, we drew $110.9 million from our syndicated debt facility. And that brings total cash drawn today to $347 million. In July, we also received a deferred payment of $34.1 million from the sale of Iron Valley. I'll share more on the cashflow shortly, But first, David will provide a more detailed update on our operations.