Stewart Walters

Hello everyone, and welcome. Thanks for joining today's Q3 '26 Investor Webcast for Black Cat Syndicate, ASX code BC8. I'm Stewart Walters from MarketOpen. And today, we're joined by James Bruce, Managing Director; and Nick Dwyer, Chief Financial Officer of Black Cat Syndicate. James and Nick will take you through the company's March quarter Q3 financial year '26 results, followed by a live Q&A session hosted by Andrew Lai, the Group Manager of Corporate Development at Black Cat. [Operator Instructions] With that, I'll hand over to James Bruce, Managing Director of Black Cat Syndicate.

James Bruce

Thanks, Stewart, and good morning, everyone. Thank you for joining us today. This is my first quarterly webcast as Managing Director. I appreciate your time for joining us today. I've been with the business now for about 2 months. And before getting into the details of the quarter, I wanted to share a few initial reflections. Firstly, I want to acknowledge and thank Gareth Solly, one of the founders of Black Cat who played a pivotal role in successfully transitioning the company from an exploration business that IPO-ed at $0.20 a share in 2018 to become a multi-asset gold producer today.

It's a rare and significant achievement in this industry. I thank Gareth for his leadership and contribution to the company and wish him all the best in his future endeavors. Building on Gareth's foundations, one of the things I've been impressed with the most since joining the company is the culture of the business. There