David Boshoff
MD & Director

Good morning, everyone and welcome. I'm David Boshoff, and with me is our CFO, Steve Fewster. We're pleased to be joining you today for this March 2026 quarterly update. Before we get underway, I'd like to mention that today's presentation should be read in conjunction with our March quarterly report. This is available on the BCI website.

[Operator Instructions] I also just want to start by -- before I move to the next slide, just talk a little bit about the images on your screen. These are taken from our first crystallizer. And as you can see on the left-hand side, that's the salt pavement already formed at the bottom of the crystallizer.

And as of this morning, we had 9-millimeter thick of pavement. This is more than double what we were last week at the same time. So a very exciting time for BCI. We always begin with this slide because it reflects how we do things at BCI with our value guiding every decision we make. This quarter was no exception. We delivered consistent progress across operations, construction and financial performance, a clear demonstration of our values in action, particularly our -- we do what we say value. This has been the commission of our primary crystallizers with high density brine now from pond 9.

As of today, we have brine in the first 2 crystallizers and as you saw from that picture, salt pavement is forming in those crystallizers. This milestone is a result of strong collaboration across our teams and contractors, while the sun has done its job in driving brine density, it's the preparation, coordination and commitment of