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one in us, the hail mine, one in Philippines, the do and two in New Zealand. Whi and mcraes over the drug. Thanks Ava and good afternoon. Thank you everyone. Thank you for joining me today to provide an overview of Oceana Gold and how we are delivering growth and generating returns for shareholders. Before I begin, just draw your attention to the customary cautionary notes particularly as they relate to forward looking statements, some of which I will make during the presentation today as written on all of our press releases. Oceana Gold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing gold production in the generation of free cash flow from our operations and delivering strong returns for our shareholders. Each of these words matter and reflect the focus of management, the board and everyone that works at Oceana Gold. We're a T sex listed global gold company with four operating assets in three countries. We have reserves of just under 5 million ounces and resources of over 8 million ounces for over 30 years. The company has successfully explored, developed, acquired and operated gold and copper mines and the future is bright today. Oceana Gold has one of the strongest near term growth profiles of any multi asset company in our industry. This is driven by the near term progressive lift and ore grade being fed to existing mills. This is the result of new underground oil sources and expanded open pits as such. This is relatively low risk organic growth. The balance sheet is in a great position. We were in a net cash position at the end of the second quarter. And we expect this to strengthen further with strong production in the second half and beyond. At a time of strong gold and copper prices, we have a capable and aligned leadership team who are collectively energized and honored to lead the business and they're excited about the future of this company and to lead tremendous people throughout this company. I've been in global mining for 27 years and, and can honestly say that the culture of Oceana gold and the pe dedication of all the people that work there is second to none. It's a great culture and it's going to get even better. This year, we expect to produce over 510,000 ounces of gold. Approximately 40% of that comes from Hale in the USA, which is the largest producer in our portfolio. It's and it's also the primary source of production growth over the coming three years. The dip on Luzon Island in the Philippines produces both gold and copper at a low all in sustaining cost. It's a great asset with tremendous upside both operationally and through exploration. Mcrae's on the South Island of New Zealand is that the foundation asset of Oceana gold operating for over 30 years. The team there are technically strong, delivering profitable gold from very low grade ores. And finally, Waihi on the North Island of New Zealand, it's our smallest producer but close to the high grade WKP deposit, which has the potential to be a much larger deposit and a district that could provide high grade ore feed to the Waihi Mill for decades. So an overview of each of our assets and what we're doing in respect of each at Hale, we're producing gold from both Horseshoe, our new underground mine and also the lead better open pit Hale has further upside potential in the form of exploration success which could both increase gold production and extend its mine life. Earlier this year, we added new underground oil source to reserves called Palomino. And last week in case you missed it, we announced some additional spectacular drill results from horseshoe horseshoe extension and lead better. All of which go to support our goal of defining more than 2 million ounces of underground resource this year and those resources those results particularly as it relates to lead, better support potentially mining the last phase of it from underground at the dip. We're pursuing an increase in underground mining from a current 1.75 million tons per annum to around 2.5 million tons per annum. This would have the effect of increasing the average feed grade to the mill because that material that comes from underground is four times the grade of the stockpiled material that it displaces. And that uplift in average gold feed represents an increase potential increase in production that would lift the outlook for production from the DPO to that higher than W which exists in our current outlook. We're doing a lot of work and we plan to increa release the technical report in relation to this to this potential in Q one of next year. We're also actively exploring at the DPO, both the existing copper gold porphyrin below our existing resource as well as some early stage exploration at near mine targets, Oceana Gold has a Fabulous brand in the Philippines and we're well placed to consider select opportunities to grow there. It's geologically exciting and we have the presence brand and success case to apply to other opportunities in the Philippines. Should they present at mcrae's? We're set up for another strong year. The process plant continues to deliver record throughput and we have recently gained access to the next phase of ore at the Innis Mills Open pit which sets us up to de deliver a strong second half production for 2024 and a strong 2025 26 mcraes represents considerable operational leverage at high gold prices and has the potential to extend its my life well beyond its current reserve life. And finally, at Waihi, we're particularly excited about the potential for the fast track approvals bill. In New Zealand, our application to be considered a fast track project is pending and we hope to learn more as the bill is legislated later on this year or early next year. In the meantime, we continue exploration drilling at WKP and we'll outline a plan of how we will develop WKP in our upcoming technical report which we expect to release by the end of this year. Ok. Oceana Gold has a truly unique near term growth profile. High grade ore from underground at hail and greater access to open pit material from both the Hale and mcrae's open pits drives our pro production growth rate of 30% 0 over the next three years. This 30% production growth rate is much higher than the peer average and it all comes from organic low risk growth. There are no costly plant expansions here just getting more high grade or to existing mills, the projected increase in gold production and the fact that it's largely grade driven helps drive down our projected oil in sustaining cost over the next three years. This improved grade is in progress now and is driving a free cash flow inflection point now, which is a nice return on all those years of prior investment. So this production growth profile and this free cash flow generation inflection sets us apart from many of our peers and leads to the obvious question, what are you going to do with all that cash? Our capital management framework means that we can deploy capital away that allows us to grow, be financially strong and most importantly, return capital to shareholders. Our priorities are to continue to invest in growth where capital discipline is applied with a focus on ensuring we get an appropriate return on the capital that we deploy. We'll continue to explore. I think we've demonstrated that exploration is important to us. And the money that we've put into exploration in recent years has been rewarded with some fabulous drill results at almost every one of our assets, repaying debt has allowed our balance sheet to be strong and we are now in a net cash position and we plan to stay financially strong over the coming years. From a dividend perspective. Our current policy is to pay a one cent per share semi annual dividend which allows $14 million to be generated in returns to shareholders. And we look to improve on the shareholder returns by means of a buyback, which which we have established in July of this year. And that will allow us to return further capital shareholders. And protect shareholders from dilution from employee share scheme issued shares. This is this buyback plan that we have in place is a great tool that allows us to draw on when our shares are undervalued and when we have that surplus cash to deploy. So I spoke a bit about Farra Kaponga or WKP earlier. So we'll just spend a couple of slides talking about it. It's a really exciting long dated organic growth opportunity where we currently have measured and indicated resources of just over 1 million ounces at 15.9 g per ton. Now that we've crossed a million ounce threshold, we are evaluating the project so that when we get the required permit for it, we're well positioned to develop the new mine, a technical report outlining the results of this evaluation. We expect to release in the fourth quarter of this year. In the meantime, we're hoping to be accepted as a project under New Zealand's new fast track approvals bill. The benefit of being a fast track approved project is greater certainty in the timeline for development. In the interim, we're continuing to explore the EG Vane at WKP which remains open at depth and a long strike. We have three drill rigs operating presently and the goal is to add more drills as part of our fast track permit application in August. We put out some exciting exploration results in relation to WKP. These results demonstrate a growing high grade system where the eg vein extends for at least another 200 m or 20% along strike. In recent years, we have been focused on infield drilling. So it's really exciting to be able to once again demonstrate the growth potential of this asset and the continuity of high grade mineralization which remains open in multiple directions. Other opportunities still remain for up plunge down plunge and a long strike extensions of the eg vane system with mineralization remaining open to the south. There's also the potential for further further exploration in the future of other known veins in the WKP vicinity. So in summary, Oceana gold is a uniquely placed multi asset intermediate gold producer committed to safe and responsible mining. We have a strong organic near term growth profile that will translate into strong near term free cash flow generation. Our approach to allocating capital has at its core, a focus on increasing shareholder returns and treating shareholder capital with respect. We continue to look forward to the future by advancing our world class WKP project. And we continue to invest in all of our minds operationally financially and the like to ensure that they generate and reflect and deliver their full value potential OVA that concludes my prepared remarks and I'd happily open the floor to any questions. So so we do have time for a couple of questions. Anyone from the audience have any questions? OK. I'll start it off,, number one Gerard,, in terms of,, the results that you released last week from, Hale,, specifically from, L better., there was,, some, some excellent,, you know, interceptions in terms of,, you know, grade and width., obviously, you know, mining,, from Horseshoe underground already. There's Palomino,, that you're looking to start mining next. How do you see L Butter's future in terms of future underground potential there? Well, firstly, it's fa fabulous to have a choice. And the choice is unlocked by those drill results, which if any of you haven't seen it, I'd encourage you to have a look. They were exceptional and, and well beyond what we expected. So, so presently, the plan in the most recent technical report in March of this year was to develop lead better phase four from underground. Oh, sorry, from an open pit. And what these drill results showed we focused on one particular area with a level of density of drilling. more akin to seeing whether this had underground potential and and the results came back strongly as you say. And what that presents is the opportunity to take that underground expertise that we've developed in developing horseshoe. And we'll finesse further with Palomino into developing lead better fall as an underground mine. And I say, potentially because we're still assessing that there's, there's a trade off study underway. We expect to be able to release that in the first quarter of next year., but certainly with those,, drill results,, the, the average grades of which are higher than what we currently have at at Horseshoe,, would suggest that,, an underground mine is compelling and that what that means for us more broadly in the financial sense is,, you know, Hale is in an open pit sense, a very high waste to war strip ratio. So we save a lot of material movement costs. We save a a lot of waste storage costs and we save a lot of tailing Sams capacity if we can actually get high grade feed to the mill. Excellent. And, and, and then just you know, you mentioned again, you know, in terms of valuation, your trading at a discount appears, w what do you think needs to happen for the market to start giving you some, you know, a catch up kind of your appears and, and may maybe even a surplus your peers in terms of the Multiple Deal Trading app. I mean, there's nothing like delivery and the company has had the potential to have a and, and it is set up to deliver a great increase in production and generate free cash flow. I think it's going to take a, a few quarters of, of printing those tickets and showing that that we have delivered on the free cash flow potential of the company. And I think when people see that, hopefully people see that the what we said we've done, we have done and, and you know, modeled cash flow isn't as strong or as valued as cash in the bank. So I think when we put the start putting the cash in the bank and people see the power of the o of the production and, and the cash flow generation of our business. I'm hoping for a rerate. Excellent and maybe I'll ask one more question. You know, in terms of, you know, your assets, your operations, you know, you've got some good upside that you talked about right now at Hale, you've talked about WKP maybe get into the fast track program. You know, did it looks like some potential a depth as well. Which asset do you get most excited about? And you know, I love all my Children. No, I think every one of our assets has a a degree of optionality that makes them interesting and we, we only have four assets so we can put a lot of management and technical focus on each. I mean, look, I think near term, I mean, the rate of production uplift potential at di di o by increasing the amount of all source from underground that's material that's significant I, I think hail just to delivering on its potential for unlocking that and, and getting uplift in all grade to the mill from lead better phase two and three. that, that is actually what is powering that almost 50% increase in production in hail from 2024 5 up to what it is going to get to 2026. And then of course, wkp in the long-term, I mean, that's, you know, to have a multimillion ounce or body north of 10 g a ton adjacent to near a, an existing processed plant. And workforce is, represents tremendous leverage and upside. And then along the way, there's mccray's, I mean, it's, it's,, as I said, the Foundation Foundation asset of the company been going for 34 years. I mean, they're mining at a dollar 50 a ton and they're putting in refractory ore. and that ore that comes out of the ground is like 0.62 g per ton and they have refractory ore processing, and they're making profitable gold. So that's a great testimony to their technical wherewithal and it's fabulous to have that technical wherewithal to apply at other sites or other opportunities. We still have another, a couple of minutes. So I'll, I'll ask you the last question, I promise. in terms of M and M and I'm asking this question to all the CEO S that are presented so far? You know, where does Oshana sit in terms of M and A, I mean, you, obviously you've got a lot of,, you know, growth in front of you. You've got, you know,, wkp that could be your next,, project that you build as well. Does Oshana need to do any sort of M and A? Are you looking any, any thoughts there? Oh, look, I mean, we have a fabulous near term organic growth profile that means that we don't have to do M and A, we don't have an existential need to add another asset to the portfolio. We have a very small team that, that looks and scans to see if there's anything that could be of interest, but it's not something that's a focus or priority of ours. because we have enough wood to chop with what we've got. And to the earlier question you had o I think we need to prove that we can deli deliver on what we have and get the market rec recognition in respect of that As a, as a first order of business. Excellent. Thank you so much. Thanks.