Vault Minerals Limited

Thank you for standing by and welcome to the Red 5 September 2023 Quarterly Activities Report and Vesca. There will be a presentation followed by a question session. First for teleconference participants followed by online questions from webcast participants. For teleconference participants, if you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. For webcast expense, if you wish to ask a question, please type this in the live Q&A section located at the right-hand side of your webcast. I would now like to hand the conference over to Mr. Matthew Collings, Corporate Development Officer. Please go ahead, Matt.

Thank you, and good morning to everyone on the call. We're doing things a little bit differently today on our end, dialing in from the Darla Goldmine, where management have been presenting results to the options teams, both here and also at King of the Hills. On the call today, we have Mark Williams, Red 5's Managing Director, along with Corporate Development Officer Patrick Duffy and Chief Operating Officer Richard Hayden. We're also joined by our new Chief Finance Officer, David Coyne. Patrick will speak to the results from the last quarter of the financials. We'll present Red's first quarter results for FY24, referencing the slide deck that was released to market this morning alongside the quarterly report. As explained by the operator, there will be time for Q&A at the end of the presentation. And now I hand over to Red 5's Managing Director, Mark Williams, for opening remarks and our Q1 results. Over to you, Mark.

Thank you, Matt, and good morning, everyone. Firstly, I'd like to say we're very pleased with the company's overall performance during the September quarter. This has been the second solid quarter we've delivered since we've hit the prime, in the King of the Hills open pit in February of this year, which was the key inflection point for the project. As a consequence, the Red 5 share price has continued to strengthen as we continue on our focus for the share to be able to deliver safe, cost effective and efficient ounces quarter on quarter. The company's market cap and enterprise value have currently held firm at over a billion dollars, which is a which is a watershed for the company and our employees as we continue to generate cash and accelerate debt payments. I would also like to welcome Silver Lake as a new significant shareholder to Red 5. We see this as great validation of what we've created at the King of the Hills hub.