 Yn ddigon i'r cyfnodd gyda'r gael yng Nghymru, yw'r cyfnodd ar y cyfnodd cyfnodd. Rwy'n meddwl i'n meddwl, ac mae'n amser. Rwy'n meddwl i'n meddwl i'r cyfrannu Australia. Mae'r cyfrannu a'r ysgrifennu i'r Llythian o'r projwys ar y ddweud. Rwy'n meddwl i'r cyfrannu Llythian yw'r cyfrannu ar y Weston Australia. Mae'r cyfrannu ar y brosesu ar y ddechrau yma'r ysgrifennu. Mae'r cyflau PdEFS yma i'r projagol yw Quebec yn Cenedlau, ychydig James Bay. Rwy'n dod, mae'n gyflau'r projagol yma, a mae'r cyflau'r yma i'r Cenedlau. Mae'n gweithio'r hefyd o'r cyflau'r cyflau'r cyflau, ond mae'r Rhomwyrdau yn Llyfrgelliaeth, yma yma, yma yma yma yma yma yma. Rydyn cyflau'n cyflau'r cyflau'r cyflau erfod 550 miliwn o Australiau a dydych chi'n ddiwylo i'r cyflau teulu hefyd wedi'i gweld ddweud o'r cyflau pryd yn gyflau'r cyflau erbyn fynd yn including am 16 o 12. Mae'r cyflau i'r cyflau'r cyflau erbyn dwy, a gwrs, i'r cyflau'r cyflau trefodaf yn gy adamedd cofnod yn cael eu ddechrau, a'r cyflau èl ei falch yn eraill, fe'r cyflau'r cyflau a'r cyflau arnyn nhw ein cyflau Ac yn gyfodol yn gweithio arall a phobliadau gyda'n yr unig a'i ei hwn i welwyr. Yn y gallwn i gael ymdweud yr angen yw yma arall a oesaf yma, a os ymlaen nhw'n dioliad cardyalu. O'r angen i yw gweithio ar ymarfer, o'r gweithio'r gwybodol yn cael ei wneud, ac mae'n gweithio hyn o ddiolch yn ochr argyfawyr i gweithio gweithio mae'n cael cael cael Cax regularlyt. Mae'r ddweud hwnnw sydd y sgwyddiadau eich bod yn rhoi sgwyddiadau sut i gyd yn bwrdd y dda yma, ac mae'r ddweud hwnnw'n ddigon i'r ddweud hwnnw o'r ddweud yn y top 10 oherwydd. Dwi'n gweithio ar y net-deitwch mewn $20 miliwn o'r gweithio, o'r 200 o'r 2 o'r 3 oed. A'r ddweud hwnnw yn ddweud y balanc yma i ddweud. Rwy'n meddwl, mae'n dweud yw'r 50% o'r parwyr, o'r parwyr yw Mount Catlin, a'r cymdeithasol y Llyfrgell yn ddaeth gennymau, oherwydd o'r Australia. Mae'r fawr yn cael ei wneud o'r 180 miliwn. Felly, mae'n 50% o'r 50% o'r holl. Mae'n cael ei wneud o'r 550 o'r holl yn cael ei wneud o'r 370 o'r holl o'r Sadafedau. Mae'r ffordd o'r Llythianol yn gallu oedd eu bod yn gofyn yn Chynau yn ei wneud a'r awdurdod yn wahanol ystod ar arweinio 20 o 24 o 25 o wyrd. Mae'r ffordd yw yma yn gweld yn ychydig o'r Asia. Yn y ffordd o'r llyfr, mae'n holl o'r 160,000 tannu tannu Gwyrddon Llythianol a'r awdurdod yn gweithio'r llyfr. Mae'n holl o'r wych yn gweithio'r ddweud o'r roi ymddangos 20,000 tannu o'r anum o'r gweithio'r 10 o ysgolol. ac yn eraill, rwyf-etho'r cyfrwddynt yma, cyfnodd 100,000 tfos byddiad yn y dweud y dyfodol ac 100,000 tfos byddiad arall byddiem 2025. Mae'r ganwch yn rhan, fel y cyfrwyr mae oedd y cyfrwyth ar gael. Llythio yn ymlaen i'r adeiladau am yna, wedi cyfrydau a'r adeiladau yn y ddysgu cyfrwyr, ond mae'r adeiladau yn y cyfrwyr yn gyfrwyth. E essentially consume electronic will continue to be a bellweather for growth While the number of units of consume electronics and gadgets are not necessarily growing exponentially Each generation of these devices that we have for example this smartphone that I have here E essentially you're consuming somewhere in the region of triple to quadruple the amount of lithium that you would have done if you're using a Nokia dumbphone 맛이 these old generation of phones are more demanding in terms of applications and the same is applied to things like IPads and also laptops. Energy density is increasing and therefore consumer and change continues to drive a lot of growth A lot of the headlines in recent years have obviously been garnered from transportation sector and note that I describe this particular segment as transportation, as opposed to electric cars be'cause my view of the world is essentially those vehicles that have four wheels but two wheels, six, eight and ten wheels are increasingly going to be quite dominant in terms of driving that growth. Last but not least, I think what I'm expecting is probably by the time we hit somewhere between 2020 to 2025, we will start to see a major pick-up in terms of lithium consumption through distributed storage whether it's mass energy storage or home storage segments. O'r gwaith ond yn Llyfrgellig, yn Llyfrgellig yn Llyfrgellig yno, rydych yn ei gwaith yn Llyfrgellig yn Llyfrgellig. Yr ystod yn Llyfrgellig, mae'r cyffredinach mae'n gyfnod o'r prysu. Mae'n gweld yn lle fwy yn ddod gyda'r ysgol yma, a'r ysgolol yma yn y dyfodol yn Llyfrgellig, ac mae'r ysgol yn llwy Fyllfa. Mae'n ddechrau ar y gyffredin gyffredin yn cael eu chyneddau. Dynny'n cael eu cyflwyffon ei defnyddio ar gyfer golygu'r contradictor. Efallai bod y ddyn nhw'n cyffredin yn cregyn yr unig ar gyfer larnedig ar gyfer ein gyffredin yn argyffredin'r contradictor. Felly, olyg i chi'n gwybod ar y Gymraeg, Llywodraeth yn cynnig o'r cynllun ychydig yn cyffredin ar gyfer ar gyfer larnedig ar gyfer today, yr oedd jopannau cychwyn gyffredin yn y 1.5x rhannu. ac mae'r cyfasiliad yn ystod yn Llywodraeth yn Chynedd. Mae'r hynny'n gweithio'r hynny'n gweithio'r cyfasiliad, yn gweithio'r cyfasiliad newydd yn 5Gb, a'r cyfasiliad yn ei ddechrau'n gweithio'r cyfasiliad. Mae'r cyfasiliad yn cael 28,000 tyn sylwg ar gyfer Llywodraeth, ac mae'n gweithio'r cyfasiliad yn Chynedd, a'r cyfasiliad yn yw'r cyfasiliad yn yw'r cyfasiliad, mae'n gweithio 14,000 tyn sylwg ar gyfer Llywodraeth. Mae'r cyfasiliad yn 50% o'r cyfasiliad yn 5 ym 5. Mae'r cyfasiliad yn 3 o 4 cyfasiliad yw'r cyfasiliad, oherwydd o'r cyfasiliad yn cael 20 o 30% o'r cyfasiliad. Mae'r cyfasiliad yn Chynedd, ac mae'n gweithio'r cyfasiliad, ac mae'n cyfrifysg fawr i'r cyfanon ymarfer ynllun o Lythian Cwbnid, ac mae Lythian Hygroxide. Oherwydd, mae'n gyfrifysg gyrraeth am haf wych i Chynedd, mae ydych chi'n mynd i'n rhan o'r cyfrifysg yng Nghymru, ac mae'n gweithio'r cyfrifysg wedi retwyd fel Lythian, ac mae'n gyfrifysg wedi'u mynd i fi wneud o teimlo, a'n cyfrifysg y kontract rhagl, dwi'n rhan o'r cyfrifysg, a wnaeth dweud y mhwy ffordd, You would be paying somewhere in the region of about 20,000 to 22,000 US dollars net per ton. That's after deducting of VAT and customs and excise duties for exporting the product out of the country. If you had a master contract and these are some of the probably most recent trades, that pricing will probably be in the region of plus or minus 13,000 US dollars net, which is a four to X doubling of what it was last year. Going forward, I think a lot of these data points you would have read in the news, China wanting to electrify a lot of its transportation sector. I will probably just skip through that, but it's not just about China. A lot of countries around the world also are now driving through initiatives to electrify their transportation sector, especially the likes of the Netherlands and Norway, at 23%, I believe it is, has the highest penetration of new energy vehicles globally. In terms of our comps, we are a producer and this is basically just a side-by-side comparison with some of our peers in the industry and some of the things that make actually a little bit unique is that not only do we have production and cash flow, but we also have diversity of assets, which is important because over, let's say, a 10-15-year cycle, we are obviously going to be expecting different pricing levels at different points in time, depending on the demand supply. What a brine and hard rock mix of assets allows us to do is actually to survive and actually make very good returns either in the high pricing environment that we have now or should we see a correction back down to, in my view, is that if it does correct, we probably would not correct down to a five-digit level, but it may be somewhere on an average long-term basis somewhere between $10,000 to $12,000 a ton. That essentially would put a squeeze on hard rock margins, but if you're running a brine operation that's sub $3,000 per ton production, you're still obviously making some very good returns there. Just quickly through our assets, essentially we have Mount Catlin and the original economic study pegged this at about 100,000 tonnes of production of lithium concentrate a year. We've actually invested enough capex to actually take us up to 200,000. Our target for next year is going to be 150,000, and we've got 120,000 tonnes spoken for by way of offtake already. We secured 60,000 tonnes of offtake sales already this year at $600 a ton, which was close to 50% uplift in pricing. As I indicated yesterday, at 100,000 tonnes on 600 pricing, the project will probably throw off somewhere in the region of about 66 million Australian dollars per annum in terms of cash flow, and I think the guidance that I've been given to the market is obviously we're looking at a 50% uplift in terms of production volumes and maybe another 20-25% uplift in pricing. So that will probably lift the operation and financial scale of the project somewhere into the 100-120 million dollars of cash flow, free cash flow from the project going forward next year. I'll talk briefly about South of Eda as well. It's a very large asset. Importantly, it sits in South turn Catamarka province, and our neighbour is FMC Lithium, which is one of the top three global lithium producers in the world today. We have a very long mine life, 40 years, a million tonnes of lithium carbon equivalent and four million tonnes of potash. We actually completed a bankable feasibility study a couple of years ago. We're actually going through a formal revision of that, given a lot of the macro and policy changes happened in Argentina, as well as the devaluation of the currency, which obviously would lend itself favourably to the economic adjusted numbers in our capex. But last but not least, the original NPV that we had for the project on about 380 million dollars, based on the average selling price of about 5,500 US dollars per ton of lithium carbon. Obviously that will be adjusted going forward, and I think we should expect to see probably somewhere in the region of 2-3x uplift in terms of that NPV once we complete the DFS by mid part of this year. So our to-do list is essentially between May and June, expect us to make some formal announcements in terms of a new owners team that we're putting together, and this will be fielded with a lot of grey hair and industry professionals. For those of you who are familiar with the lithium sector, essentially over the last 20 years, there's only been about three or four projects that have been built. So the number of competent professionals that obviously have a lot of experience in that is also very limited, and we would look to be fielding our team with essentially X FMC rock with an SQM. Professionals who essentially in aggregate I think the current estimate is somewhere between 160 to 180 years of experience between them. By June we'll be publishing our revised DFS, and then second half of the year we'll be completing our off-take discussions as well as our debt and equity financing for the project. I'll briefly mention James Bay. This is in Quebec. It's about 22-23 million ton resource, and we're going to be just starting some additional exploration work and advancing towards preparing for our DFS later on in the year. So what do we have to look forward to? Essentially Mt Catlin, back in production and ramping up cash flows, sorry, ramping up production this year. We expect to be actually hitting that 100,000 ton run rate by the summer and essentially looking for expansion going into next year as well as some very accretive cash flows. Saudavida, we have a new DFS and a new team that will be published and announced by the middle of this year, and then second half of the year we'll be looking to advance that project through financing and off-take. Last but not least, obviously as everyone's aware, we're still in a very robust environment as far as we are concerned in terms of lithium demand and lithium pricing. My own view is that that's probably going to be the case for the next at least three to five years. With that, thank you very much.