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Friendly Quebec presenting is President and Ceo Justin Reed. OK. Yeah, good morning, everyone. Thank you to the Denver Gold Group for having us and thank you for being here on a Wednesday morning after a very long week so far. My name is Justin Reid. I am the founder Ceo of Trist Gold. And the slide you see in front of you is a picture of the past producing trellis mine located in central Quebec. Southern James Bay, operated by in met mining for 14 years between 1996 and 2010 when it produced profitably 2 million ounces of gold and about 70,000 tons of copper in mold was harshly taken over by first quantum in 2013 with a real focus on Co Panama and the La Crucis copper operations. As I TROS was orphaned, we were able to pick it up privately in 2016 through an option agreement, brought it to market in 2018. Since then, we have drilled over 350,000 m. One of the largest drill programs in Eastern Canada behind our colleagues at a Cisco, we've identified a 13 million ounce equivalent deposit with feasibility is out and we're well advanced on permitting. So I look forward to talking about one of the largest developing copper gold assets in Eastern Canada. I think what differentiates us certainly in this market right now is not only are we going to be a significant gold producer, but we will become one of the largest copper producers in Eastern Canada. We are the only currently permitting copper operation in that district. I'm not going to spend a lot of time talking about why Quebec is such a great place to work. Very prove I think that just to back that statement up, Quebec government through its various pension funds zone, almost 20% of our company and they part participated on the majority of our equity financing as we develop the asset we're brownfield site. We have invested over $35 million over the last five years improving and upgrading the existing infrastructure in this in capital intensive environment which we operate and we're talking about a very large mine. It provides a huge capital intensity benefit to us. We're looking at a 22 year mine life producing over 300,000 ounces equivalent. And during the presentation, I'll say equivalent of a lot rule of thumb for us is 80% gold, 20% copper and some silver. depending on what gold price do you want? We completed our feasibility in 1975. It's incredibly large M PV. Peak production will be over 500,000 ounces equivalent a year. All in sustaining cost of 1100 as I drive through the numbers, I will make the comment that we are the first feasibility of this scale post. A number of the inflationary events we have seen impact other building minds as such. We've taken a very conservative stance and we think our numbers are quite robust. We are located in the Foret Evans Greenstone Belt which is immediately north of the Abbot Tibe, one of the most prolific gold belts in the world. In fact, it's the same Greenstone belt, the same age, same metamorphic grade. There's a fall line that runs through Mystic East to west and essentially, we're buried by about 12 m of till or more where the abitibi is more or less exposed as such historically. For every dollar spent in the abitibi, we're probably about a half a penny up in our belt. We have 500 square kilometers. If you knew of us a couple of years ago, we had about 1500 square kilometers that we acquired as we started adding ounces. We changed the exploration model for the belt and had been very successful. We essentially moved from from what was historically a Strat gra poor porphyry type focused exploration approach to an abitibi approach, which is really structurally focused as we did that, we added essentially 13 million ounces very quickly and we acquired over 1500 square kilometers about two years ago. After spending about $12 million away from the main mine, we identified the identified the main gold trend which you see here and we sold 1000 square kilometers to an Australian lithium company for $50 million. And we've been essentially running our company on that capital since we're going to be producing from four deposits today. Two pits. You will see some beautiful lakes at the bottom. There's 30 million cubic meters of water, not acid generating in those pits. We are fully permitted, completed an EI A on the dewatering. I have some slides later. We've bought $6 million of pumps and barges and with our crew partners, we're currently pumping out about 1500 cubic meters an hour into into the environment. And that has a lot of benefits from a social acceptability standpoint, the government permitting standpoint and the fact that as the most sensitive item in any build water, we're able to move that volume. This is just a, a schematic of what we inherited and where we are now over the last 56 years, we inherited about 1.8 million ounces underground, very analogous to gold X and our thesis. And through our work, what we really found is not that IE did bad work. Imed just did no work. All of their corporate capital went down to LA to Spain and to, to Panama. And as such, the asset was massively undercapitalized. From the moment the keys went to operations. They never drilled another hole. So jump forward, we're well through 350,000 m now. And we've identified a northeast, southwest trend which almost has about eight kilometers of continuous mineralization for which we are moving towards exploitation. This is our growth. The more we drill, the more we find, we essentially step back from the major pits, identified the major structures with controlled the mineralization. This is going to be a low grade bulk tonnage asset fair analogous to, to Malartic, very analogous to Detour co and Greenstone. We haven't shut anything off. In fact, recently, we've been putting out press releases from what we call the West Rim. I don't have any slides on it, but we're drilling between 25 and 30 m from surface of 2 g or close to 2 g within about 100 and 50 m of our reserve shelves. So let's go into the feasibility. We're only, we have a 13 million ounce global resource. 11.1 million ounces of 11.2 million ounces of that is indicated, 1.8 is inferred we have a 7.3 million ounce reserve a little cheeky at $3000 gold. But we put this in five months ago and we're a hell of a lot closer than we were earlier. at 1975 gold. This is about a $900 million Us after tax M PV at $2300 gold, which is what it was when we put out our feasibility. It's about a 1.6 all in sustaining costs 1100 on a billion US Capex, we can talk about how is 100 and $20 million company gonna fund that. There's a breakdown a little further. This is all on our website, so I won't dive into them. There's our production profile, this is low grade. but the capital intensity that we have is going to facilitate for an incredibly robust project. If we look at a lot of the big operations right now, they're putting lower grade than this through their mill. However, it's a long ramp up. This is only half of our reserve life, our resource life. We have very high expectations that post year eight, we're going to be able to maintain over 400,000 ounce equivalent production rate as we add more ounces that we're finding. Now within the proximity of the, of the mill broken down by metal, 35% of the gold will come out. There is a cyanide free circuit. 35% of the gold will come out through gravity in the Nelson. The rest will report to a copper gold silver con. We are located essentially 600 kilometers from the horn smelter of Glencore. Historically, half the con went there, the rest went down Sagna onto Saint Lawrence and into Europe to neither Bolia nor Rubas. This is a breakdown of metal. 75,000 tons of concentrate a year. It is incredibly clean, high in sulfur, about 15 16% copper, 100 and 20 g gold and 250 g silver. It's an incredibly high demand. And the, the fact that we're going to be producing the concentrate provides us with the opportunity to bring in some incredibly good financing options. This is where we plug in if we were in production today. On the right hand side is where our very recent calculated costs meet with other developing companies and operations within Canada. What I would say is that the majority of those operational costs are between two and three years old. And so they really haven't been impacted by by the inflationary window which we've all just gone through and hopefully will not be going through much longer. And I think if you talk to all those companies, they, they're revising upwards anyway, these low grade bulk tonnage deposits. When you look at Malartic, when you look at detour and Kay and even Greenstone, they're capital intensive upfront, just like Troilo said, a billion dollars. and they usually deliver mid teen irrs historically, they have, they all have. And a lot of the questions that those operations got, we received the exact same. It's not necessarily about irr it's about longevity scale and ultimately about free cash flow at sub $2000 gold. Assuming our numbers are close to correct, which we believe they are will generate over 100 and 50 million us in free cash flow a year at $2300 will be over 200. And at today's price this morning, we're running about 250 million us in free cash flow size and scale. And this reason alone is why these are the assets that are getting built today and have the size and scale to impact. not only junior developers but the majors through partnership and purchase or Capex $443 million for a 50,000 ton a day mill 18 months ago, that was 292 million concrete alone in Quebec has gone up 28% in the last 16 months. So the inflationary chase has been absolutely real. We have 2 5200 and 58 almost 260 million us in pre mining in met, like I said, they didn't do a lot of work away from the mine and as such, the condemnation drilling was not the best. We have to move a three kilometer waste pile life and mine strip is 3 to 1 which is very reasonable. The shall this is a very shallow target and deposit. But we have to move a lot of the existing infrastructure away to get to this ore as such. We're going to be spending a lot on, on pre trip, going in the first couple of years. We're up at 5 to 1. It'll be 3 to 1 net. We will be leasing the fleet 100 and 78 million US item. A cat has shown us incredibly good terms and and we can easily carry this in a in the financial model. What I will say is when you talk of something, this scale looking at what's been built lately, you know, billion dollars actually looks pretty cheap. We've inherited $500 million of infrastructure. We've invested over $35 million over the last five years, upgrading it. We have a 60 kilometer, 171 KV line to site that's been restrung and is energized. In fact, we're, we're drawing 19 megawatts right now. dewatering the pets that feeds into a fully upgraded 50 megawatt substation. The the power line alone is a million a kilometer to replace the substation is 25 to $30 million US item. We've resurfaced 40 kilometers of road and a new bridge. The site of the to build that new is a million and a half usa kilometer. Our most important majority of the civils are done. We have full services for up to an 1800 men camp in place and fully permitted. Our single most our most important item is under these pictures of 6.5 square kilometers of fully permitted tailings. We have an important pendent review board in place with the Quebec government. They're conventional tails, the central line constructed. We have 10 years of capacity after which we'll move into in pit disposal to replace that. Today would be about 350 million us in today's dollars and probably about an additional two years of permitting operational costs at $19 a ton benchmarks incredibly well. If there's any pushback on these numbers, it's probably in the processing of 564 a ton. I'd argue because we're cyanide free. With no cyanide, no cyanide destruction. It says it's about a dollar 60 a ton, a very tight site. We are currently drilling to the west of X 22 and heading a new four kilometer zone that runs between X 22 parallel northeast to j. That blue line is the diversion channel that we have to build. That's a $64 million item and we're moving the existing diversion channel a kilometer and a half out. So we might have to move it a little bit more with success. Very simple flow sheet HPGR will crush to a 75 microns will produce 35% of our golden gravity rest through column flotation and produce the concentrate. We will ship the concentrate down to Shuga which is 100 and 30 kilometers down the road. All access, no fly in, fly out. And from there, we have two rail hubs, one going right to the horn smelter of Glencore, very tight operation. This, you can see the full video on our website does not look too incredibly different than Greenstone. Our head of our technical committee, Eric Lamontagne just completed a very successful build at Greenstone and a lot of the capital numbers inputs that you saw that operation we were able to receive in real time into our feasibility, which gives us a lot of confidence. We have 500 square kilometers. The stol area, there's two large gold trends northeast, southwest, one through 1 to 2. That's our trend. Then there's 4 to 3 to 4 in parallel down to number four is where Sue Tomo has a Renault deposit. The discovery hole is about 30 m of 8 g. They've drilled about 100,000 m there, 20 kilometers from our proposed mine site and then the Sted area number three is our JV through to start in free gold that we currently have with Alamos. And we're spending a lot of money there finding some fairly significant high grade Troilus does not need more ounces. but we would love some better ounces. So we have very focused exploration. We're spending between two and $4 million a year focused on identification of between, you know, 500 to a million ounces of higher grade, which we can supplement to our mill in the future. balance sheets pretty good. Our market cap is a little higher than this. We're about 70% institutionally held now a little more than this equinox out of Connecticut is our largest at 19.9. Franklin sitting at 9.9 majority of the gold funds through North America and Europe own us. We're very, very proud of our Quebec ownership. It's a little higher than this based on some new acquisitions they've made recently, but investment in Quebec, the case of funds, so of Quebec, as well as CX, the four largest mining focussed pension funds in Quebec, all on our name and have been incredibly supportive of us going forward. We're fairly well covered by the street. Our team has done this before I'll just highlight a few names. Daniel Bergeron, ran logistics and construction at Eleonor, Jacqueline Lou has permitted four mines successfully in Quebec. We've just Francois baron to our board, former head of the Quebec Mining Association built Sigma and and was the last GM at Troilus, which provides us with a lot of historic data. And Chantel LaVoy has just re retired as the co of the iron ore company of Canada. And brings a lot of Quebec focused development experience for us and you'll be seeing a number more changes for us as we move towards development. I think one thing that isn't really recognized with us is that we have been actively permitting for over 3.5 years. We spend a huge amount of time and money on this. detailed project descriptions are in both federally and provincially in Canada. We have we've received terms of reference. All of our consultations are complete, all the data is collected and we're in a position that within the next couple of months, certainly before the end of the year, we will be submitting our E SI A. There are over 100 and 88 permits to get, we have a number in hand already. But what I, what I will say is that the quickest in Quebec history that all permits have been received from filing of the SI SI A was an incredible job done by Malartic by the A Cisco Group. We are being guided both federally and provincially that we should have everything in hand by the end of 2025 or early 2026. We are an existing mining lease that needs to be amended. We're fully permitted tailings and so we are looking for amendments. This is not a greenfields operation. Detailed en detailed engineering is underway right now. We are incredibly well advanced on project financing and potential partnerships. We hope to have resolution on those very soon and be able to show the market. how we intend to proceed on on the financing best case, we can break ground in 2026 1st poor in 2028. We all know this is wrong. The moment I put it up, anybody that works through financing and, and funding of mine. But what I would say is if we're even close to this, which we think we will be we have been on track so far. Basically from acquisition and definition of 13 million ounces. The first poor in 10 years is, is a sprint certainly by Canadian standards. and then proof of concept and I'm out of time. So I'll be quick. The fact that we are moving 1500 cubic meters of water an hour in Canada right now. is a testament to the support of our first nations partners of the government and of of all of our Quebec partners as well. Water is the most sensitive issue and this is really just foreshadowing our permits coming forward. This is, this is not exploration anymore. This is development and prede development work and and a large undertaking. Thank you very much for your time. We'll be around today and available anytime. Should you have any questions? Thanks very much.