African Rainbow Mnrls Ltd

Good afternoon ladies and gentlemen and welcome to the African Rainbow Mineral's interim results for the six months ended 31 December 2025. All attendees will be in listen-only mode. There will be an opportunity to ask questions when prompted. If you should need assistance during the call, please signal an operator by keying in star and then zero. Please note that this event is being recorded. I will now hand the conference over to Dibang Clarku. Please go ahead.

Dibang Clarku Thank you very much. Good afternoon, everyone. So we're all together in the room here. We've got the entire management team. We've got Philip Tobias , Mike Schmitz , , and . So the entire management team is kept on for all your polls. We're not going to do an introduction. We're going to go straight into Q&A. So we'll just give them some time. Thank you.

Ladies and gentlemen, we will now be conducting the question and answer session. If you'd like to ask a question, please key in star and then 1. and your telephone keypad. A confirmation turn will indicate that your line is in the question queue. You make a key in the star and then 2 to exit the question queue. Just a reminder, if you like to ask a question, you're welcome to key in the star and then 1. We will pause a moment. Our first question comes from Tabukhung Sahoni of Investec. Please go ahead.