Got the microphone on. Good. Okay. It is 11:00. We will get started. Welcome, everyone. I am Bob Vassie, Chair of Ramelius Resources. I am going to just start with a quick safety briefing. Normally, we might get the facility to do that, but it is pretty simple here. You will hear the normal sort of alert tone where you just remain alert and do not do anything necessarily, and then an evacuation tone where you follow the directions of the staff here. Basically, you follow the exit signs, go around to the left, and there is a meeting point just across the road in the grassy area as you come out of the stairs. If there is an emergency, stay calm and follow the direction of the staff here. Thank you. I have to take my glasses off to read the script.
It is now past the appointed hour, and I declare the meeting open. Welcome, everyone, to the 23rd Annual General Meeting of Ramelius Resources. I'd like to begin by acknowledging the Wadjuk people, the traditional owners of this land, and pay my respects to their elders, past and present. I also extend my respect to any Aboriginal elders from other communities who may be with us today, as well as to the traditional owners of the lands where we operate our mining projects. Today's meeting is a hybrid one, being held in person and online via the Computershare platform. This allows shareholders, proxies, and guests to attend the meeting personally and virtually. All attendees can watch a live webcast of the meeting, and by using the Computershare platform, shareholders and proxies have the ability to ask questions and submit votes. I declare a quorum is present.
No video or recording of this meeting has been approved or authorized. Please ensure that your mobile phones are turned to silent mode. Now, for some introductions. As I mentioned, I'm Bob Vassie, Non-Executive Chair. On the panel here, we have Simon Lawson, Non-Executive Deputy Chair; Natalia Stretslova, Chair of our Risk and Sustainability Committee; David Southam, Chair of our Audit Committee; Fiona Murdoch, Chair of our Nomination and Remuneration Committee; Deanna Carpenter, Non-Executive Director; and, of course, Mark Zeptner, our CEO and Managing Director. Colin Moorhead, our Non-Executive Director, is unable to join us today. He's actually attending his daughter's wedding in the U.K., so we gave him that day off. Richard Jones, our Company Secretary, is here, as is Tim Richards of Deloitte. I trust that all attendees, including shareholders and persons present by proxy, have registered their attendance.
Only attendees holding green or yellow cards are permitted to ask questions. For those attending online, questions can be submitted at any time. To ask a question, select the Q&A icon at the top of the Computershare platform. Select the topic your question relates to from the drop-down list. Type your question in the text box and press the Send button. To ask a verbal question, please follow the instructions written below the broadcast window. Please note that while you can submit questions online from now on, I will not address them until a relevant time in the meeting. Please also note that your questions may be moderated, or if we receive multiple questions on the same topic, they can be amalgamated together. If you have any issues using the system, please return to the Computershare platform.
Finally, due to time constraints, we might not get to answer all your questions. If this happens, we'll answer them in due course via email or posting responses on our website. That's some of the formalities through there. Thanks for joining us today. It's my pleasure to report on what has been a truly transformational year for Ramelius. Last year, I spoke of record achievements in production, cash flow, and growth. This year, we've not only set new records again, but we've also completed a landmark business combination with Spartan Resources. Finalized shortly after the financial year-end, this combination has created a significantly larger and stronger company, one with long mine life, strong margins, and a clear pathway towards producing 500,000 ounces of gold annually by financial year 2030. Our market capitalization now exceeds AUD 6 billion and close to AUD 7 billion today.
Ramelius has entered the ASX 100 group of companies. This is a milestone that reflects the outstanding work of our people, and I congratulate the team on their achievements. During the year, we delivered a record gold production of 302,000 ounces. This performance was driven by the Q Project, which exceeded expectations in grade delivery, and continued high-grade feed from Penny, which boosted throughput at the Mount Magnet plant. Our Edna May operation also made a meaningful and profitable contribution of 56,000 ounces before being placed into care and maintenance in March. The Q Project is an excellent demonstration of our capability in acquiring and developing projects that generate early cash flow. Q was acquired as an undeveloped project in September 2023. By August 24, ore was already being delivered to Mount Magnet.
The combination of the purchase price and development capital was repaid within 18 months from acquisition, a remarkable achievement by the team. Looking ahead, ore from the Spartan assets will be feeding into the Mount Magnet plant before the end of this financial year. One area where we did not get a new record was safety. Unfortunately, we experienced an increase in recordable injuries. While these injuries were generally low in severity, the increase in our frequency rate was disappointing and impacted the safety component of the short-term incentive program. We are now redoubling our efforts to reduce injuries, particularly hand injuries, and we remain absolutely committed to improving our safety performance. Turning to financial performance, our operating strength of the business translated into outstanding financial results. The company achieved a net profit after tax of AUD 474.2 million, a 119% increase over the prior year's result.
Key financial indicators remained strong, leaving the year-end cash and bullion balance of AUD 809.7 million. This financial strength enabled us to deliver a maiden interim dividend of AUD 0.03 per share and a final dividend of AUD 0.05 per share, making a fully franked AUD 0.08 per share in total for the financial year. The combined balance sheet also provides the foundation for multiple growth and development priorities. These include further development of the Dalgona underground deposits, expansion of the Mount Magnet processing plant, and the ongoing advancement of our greenfields project, Rebecca Rowe. We've also committed up to AUD 100 million to exploration, a level justified by both the quality of our ground and the added exploration capability brought in by the Spartan team. In March this year, we released a new Mount Magnet mine plan outlining production of 2.1 million ounces over 17 years.
This long-term visibility highlighted Ramelius's strength relative to peers and demonstrated, of course, the strategic alignment with Spartan. Having already secured a strategic position in Spartan, we moved quickly into a binding transaction implementation deed. The combination was finalized shortly after the financial year-end. Importantly, the strong working relationship between the teams allowed rapid integration and aligned mine planning from day one. Recently, after finalization of the annual report, the company released a five-year plan for the combined business. Here, we were able to lay out a pathway to in excess of 500,000 ounces a year by FY2030, at very strong margins. This included an optimized processing solution at Mount Magnet to treat ore from Dalgona as well as Mount Magnet.
We were able to demonstrate approximately AUD 1 billion in real synergies attached to the Spartan transaction, from the rationalization of processing options to tax benefits and a reduction in operating and administration costs. In addition, we announced the results of the Rebecca Rowe definitive feasibility study, an important part of our growth story. The strong project economics demonstrated in the DFS allowed the board to approve the final investment decision, and Mark will cover more detail on these exciting releases shortly. As a result of these achievements, Ramelius has emerged as a standout Western Australian gold producer. We have scale, balance sheet strength, long-life assets, strong margins, and a clear growth pathway. The combined team has an enviable track record across the full resource value chain, from exploration to development to operations and capital management.
These are the attributes of a highly investable ASX 100 gold company, capable of delivering shareholder value through a well-balanced approach to growth and returns. This year, we also released our sixth sustainability report alongside the annual report. With the new Australian sustainability reporting standards coming into effect, we are well positioned to meet these requirements, including the disclosure of climate-related financial risks. A major operational milestone during the year was the commissioning of the new hybrid power system at Mount Magnet. Developed in partnership with PWR, this system integrates gas, solar, and battery power and was brought online without any production interruption. Work is now underway to add wind turbines, which we expect will significantly lift the contribution of renewables to the site's power supply.
This transition not only lowers emissions, it also reduces operating costs, an increasingly important advantage as we expand the processing capacity and begin processing Spartan ore. Finally, I want to extend a warm welcome to our new colleagues from Spartan. Their exploration excellence has created outstanding value, and we are pleased to have retained Spartan's culture and technical capability. I also welcome Simon Lawson as Deputy Chair and Deanna Carpenter as Non-Executive Director. They have already made a positive contribution at board and committee levels. I would like to thank my fellow directors, along with Mark and his leadership team, for guiding Ramelius through such a successful and transformational year. Ladies and gentlemen, Ramelius is in an excellent position. We have a great team, high-quality assets, strong financials, and a clear, achievable growth path.
With these strengths, we are exceptionally well placed to deliver sustainable growth and shareholder returns in the years ahead. Thank you for your continued support. With that, I'll hand over to Mark Zeptner, who will provide more detail on our progress in the 2025 financial year.
Thanks, Bob. That was indeed a comprehensive summary. It certainly has been a great year for the company. This morning, it's inevitable, but I'll try not to go over too much of the same ground. I do have fewer slides than previous years, but I still would like to cover a brief review of FY25, a little bit about our five-year outlook and associated upside, as well as a couple of snippets on potential shareholder returns in the future. Now, let me start with the corporate overview.
In addition to the new members of the board, as Bob mentioned, we also have expanded the executive team in the last 12 months, specifically in the areas of project management and human resources. In terms of shareholders, we have seen increased institutional representation on the register, both onshore and offshore, particularly since our addition to the ASX 100 in September. We've also been able to add analyst coverage and are now up to a dozen in total. Our FY2025 year is pretty easy to talk to, as we delivered records pretty much in all key areas. Record production of over 300,000 ounces for the first time drove financial records across the board. Well done to the ops team on this achievement. Your consistent delivery is definitely acknowledged both internally and by the market in general.
The EBITDA numbers are exceptional, as we focused on high-grade sources and actually doubled our EBITDA per ounce compared to FY24. Earnings per share and NPAT, both up over 100%, certainly make for good reading also. This year, I have just one peer comparison slide, and you will not be surprised at all to learn that it is based around free cash flow, because that is what it is all about as a producer, right? On the left-hand chart, we have free cash flow per ounce for FY25, where we sit at the top of the class, and also note that we have maintained that position in quarter one of FY26. On the right-hand side, we have gross free cash flow. Here, we are still very competitive despite being up against, in some cases, much larger gold producers.
The main point here on this slide is that Ramelius will be significantly increasing our production in the future whilst maintaining peer-leading margins. I'll come back to that a little more later. What we have here is our free cash flow generation over the past two years and how that has built out our balance sheet. Consistent operating cash flows, the top-left chart, with only modest capital requirements has led to very strong free cash flows, which is the top right. This has built a balance sheet that positions us perfectly to self-fund our growth profile going forward. We have approximately AUD 1 billion in available liquidity, and we have actually achieved this by only going to the market for a total of AUD 25 million in the last 10 years.
These cash flows have allowed Ramelius to be one of the few mid-tier ASX gold producers to actually pay a dividend, the last seven years, in fact. Importantly, the quantum of the dividend has gone from what you would call a modest or symbolic level to something more meaningful, a yield above 3%, in fact, in FY2025. The last point we have there is flagged last month. We will be coming back to the market with a comprehensive capital allocation framework, including share buybacks potentially, particularly at these share price levels. The mantra on shareholder returns I want to leave you with in the meantime is that we are aiming to maintain and grow. That is, maintain returns around FY2025 levels through the next year or two, and then grow returns as cash flows step up with production growth.
Now, it's no secret that this production growth is largely due to our combination with Spartan, which spawned a vision when the deal was announced back in March. Our vision was that within five years, we would be a 500,000-ounce producer, something that has been termed internally as 500 horsepower. We all saw the transformational potential of the deal, a highly regarded operator and a successful explorer coming together that would deliver this growth, which was arguably the one thing that Ramelius didn't have. Well, we do now. On the 28th of October, we believe we laid out an achievable, detailed, transparent, and fully funded pathway to deliver that vision, with 525,000 ounces from FY2030 to at least FY2035, with room for more along the way through exploration and extensions. As we know, in late FY2025, we transitioned from Edna May, which is now in care and maintenance.
We are currently developing the Dalgona mine, and we will expand the Mount Magnet mill over the next 12-18 months before bringing Rebecca Rowe into the profile in FY2029. As it says at the top, this is a base case. It's sourced almost exclusively from all reserves and indicated resources, and FY2030 is not even peak performance. It gets better after that, primarily as we are only getting into the pepper zone at Dalgona around that time. Our final mill solution at Mount Magnet is a credit to the entire team, I believe, working together to come up with an option that was not obvious at the start, but we firmly believe is both the best economic and practical outcome. What you see here also is that our all-in sustaining cost in yellow is pretty consistently at least AUD 500 an ounce lower than our peer group.
What you normally see is the promise that a high-cost producer will actually deliver lower costs once production growth has been achieved. Not here. We are projecting that we can maintain sector-leading costs throughout the ramp-up. At the end of the day, when compared to our mid-cap peer group again, Ramelius will produce more ounces at a lower cost for longer. Here we show just the Mount Magnet hub only and where the potential upside ounces may come from as we spend approximately AUD 80 million of the AUD 100 million exploration that's been guided. Now, it's important to note that we'll always run with a full mill at Ramelius, whether it be at the current throughput or the expanded capacity that you can see along the bottom of the chart.
It is all about displacing low or the lowest grade in the mill, which is particularly powerful from FY2028 onwards where we have material quantities going into the mill, and you can see them written at the bottom of the bars. This is why you must target the highest grades possible. We note that all of the four targets here, Penny, Q, Galaxy, and Gilby's, which is at Dalgona, are all being drilled for extensions as we speak, some with one rig and some with two drill rigs. In terms of synergies, rarely do you see this level in a corporate deal, noting that the AUD 1 billion estimate in the middle includes only the capital, operating, and tax savings only. The AUD 200 million working capital is not included but would have been incurred by Spartan on a standalone basis as mining ramped up in preparation for milling commencement.
This is one area that is often overlooked. To put the AUD 1 billion of synergies into perspective, at completion of the deal at the end of July, the deal with Spartan was valued at AUD 2.5 billion. It is very meaningful. We will see how we expect that to positively impact returns from the Dalgona project on this next slide. This is our M&A scorecard, which you probably have seen before. Before I talk about Dalgona, I do need to mention, and I think he is here, Mr. Rob War, the continued stellar performance of Q, where we paid back our initial investment. I think it was actually in less than a year. I never thought I would see a project outperform Penny in such a short period of time. It has been fantastic.
You might note that we've actually consolidated Rebecca Rowe bars into a single bar, as it is a single project in reality. On the right-hand side, you can see the estimated post-tax cash flows that we expect from that project, both at a conservative gold price or consensus and something closer to spot. What that leads you to say is that it's a very robust project in itself. Lastly, Dalgona, whilst the bar, noting the little cross lines, is an order of magnitude larger than the rest, so are the projected returns if you look at the numbers on the right-hand side. I, along with everyone else, can't wait to see the first of this material hit the mill next year. To wrap up, we are a reliable producer, five consecutive years of achieving both production and cost guidance.
We have a clear pathway to plus 500,000 ounces by the end of the decade. Our dividend policy has paid out over AUD 262 million, and fully franked divvies, to date. We now have the benefit of scale and associated liquidity after entering the ASX 100. I believe we have an unmatched exploration budget, which targets high-quality, high-grade projects. Thank you for your attention.
Thank you, Mark. That was great. We'll now get through the procedural part of the business in regards to the AGM today with the resolutions coming up. Okay. Before we move on to that, are there any questions on Mark's presentation? We'll take questions through during the rest of the business and in line with the resolutions. We'll now move to the formal part of the meeting. The notice of meeting dated the 24th of October, 2025, was sent to all shareholders.
I take the notice of meeting as being read. Thank you. Voting today will be conducted by way of a poll on all items of business. In order to provide you with enough time to vote, I will shortly open voting for all resolutions. At that time, for those attending online, if you are eligible to vote at this meeting, a new voting tab will appear. Selecting this tab will bring up a list of resolutions and present you with voting options. To cast your vote, simply select one of the options. There is no need to hit a submit or enter button as the vote is automatically recorded. You do, however, have the ability to change your vote up until the time I declare voting closed. I now declare voting open on all items of business. The vote icon will soon appear. Please submit your votes at any time.
I will give you a warning before I move to close voting. For those here at the Perth Convention and Exhibition Centre, I will deal with the poll procedures at the end of the discussion on the items of business. Six hundred eighty proxies have been received representing 1,326,286,075 shares. A further breakdown of proxies received for each resolution will be detailed prior to the voting for each resolution. Okay. First up, the first item of business is to receive and consider the financial statement and reports of the directors and auditors for the year ended 30th of June, 2025. They were sent to shareholders and are now before the meeting for discussion. Are there any questions on the financial statements and report for management or the company's auditor? If there are any questions for the auditor, Mr. Tim Richards of Deloitte is present here today to answer them.
We'll just check. We've got our CFO, Darren, looking at the screen for any online questions. Okay. Any questions from on the phone lines? Any questions from the room on the financial statements report? Here we go, Bob. It's your time.
Thank you, Mr. Chairman. I'm Bob Kelleher from the Australian Shareholders Association.
Hang on. We'll just give you a microphone just so everyone else can hear you.
Bob Kelleher from the Australian Shareholders Association, representing 26 shareholders. Is it working? Yeah. Oh, there you go. I'll start again. Bob Kelleher from the Australian Shareholders Association, representing 26 shareholders with 650,000 shares. Thank you for the online meeting just before the AGM. In the annual report, of course, you have this pathway to 500,000. I just want to check how confident are you with the water supplies for the increased production with drilling, mine dewatering, and recanting off tailing?
Yep. How confident are you to get water supplies for the increased production?
Yes. Look, we're pretty confident. It does vary place by place. We've got Mount Magnet, has got over 100 years of history of using water in that area. The Spartan's case, we're obviously milling at Mount Magnet, but we're mining over there. And Rowan Rebecca is a whole new development in a remote area where we are currently drilling to get better sources of water. That's an area of focus for water. I might hand over to Mark if you do want to add to that.
Hello. Thanks for the question, Bob. Yeah, we're very confident. Mount Magnet has some quite old underground mines, which are great sources of water. We actually have a lot of high-quality water at the Dalgona project. We have actually put money in the budget.
Part of our plan is to potentially, if we need to, pipe water from Dalgona to Mount Magnet. I think we've got all the bases covered.
Okay. Any other questions on the financial report? Okay. We'll now move to the first resolution, which is the adoption of the remuneration report. The first resolution to be considered today is the adoption of the remuneration report. In accordance with Section 250(r) of the Corporations Act 2001, the company submits to shareholders for consideration and adoption by way of a non-binding resolution its remuneration report for the year ended 30 June 2025. The remuneration report is a distinct section of the directors' report that deals with remuneration of directors and key management personnel of the company. The remuneration report was included on pages 106 to 130 of the annual report and is now before the meeting for adoption.
The number of proxies received for this resolution are shown on the screen now. I now move Resolution 1 as set out in the notice of meeting. That for the purpose of Section 250(r)(2) of the Corporations Act and for all other purposes, the company adopts the annual remuneration report as set out in the directors' report for the financial year ended 30th of June 2025. Are there any questions on this motion? Bob. Okay. We'll get you the microphone. Maybe we should leave the microphone with you.
Yeah. Mr. Chairman, yeah. For the first time, we're going to vote for all the resolutions.
Thank you, Bob. I was hopeful that that one day would arrive.
Yeah. All our undirected proxies will go for all the resolutions. Thank you.
Thanks for that, Bob. Okay. Do we have any questions on the line?
No, Mr. Chairman. I don't voice either.
Okay. Thank you. Now, we do have nine resolutions to get through, so we'll step through them and offer time for questions. We'll move forward to Resolution 2, which deals with a director standing for election, being Deanna Carpenter. Ms. Carpenter retires pursuant to ASX listing rules and constitution of the company and is being eligible offers herself for election as a director of the company. The number of proxies received for this resolution is shown on the screen. Now, I should mention that Deanna will be known to many of the shareholders here from the combination with Spartan and the information contained in the notice of meeting. Any questions on the resolution? I'll read out the resolution.
That Deanna Jane Carpenter, being a director of the company who is appointed by the directors on the 31st of July 2025, and whose appointment as a director expires at the conclusion of this annual general meeting, retires in accordance with Listing Rule 14.4 and Clause 47.1.1 of the company's constitution, and being eligible, offers herself for election, being be elected as a director. Are there any questions on this motion? Anything on the line there? Anything from the room? Okay. We'll carry on. Thanks for that. Similar resolution, and Resolution 3 also deals with the director standing for election, being Simon Irwin Lawson. Again, Simon will be known to many of our combined shareholders. Mr. Simon Irwin Lawson retires pursuant to ASX listing rules and constitution of the company and being eligible, offers himself for election as a director of the company.
The number of proxies received for this resolution are shown on the screen. I now move Resolution 3 as set out in the notice of meeting that Simon Lawson, being a director of the company who was appointed by directors on the 31st of July 2025, and whose appointment as a director expires at the conclusion of this annual general meeting, retires in accordance with Listing Rule 14.4 and Clause 47.1.1 of the company's constitution, and being eligible offers himself for election, be elected as a director. Are there any questions? Nothing on the line? Sure you've got the line hooked up there? Right. If there's no questions then, we'll now move to the next resolution, noting that this resolution will be voted on by poll at the end. Resolution 4 deals with a director standing for re-election, being Natalia Stretslova. Okay.
Natalia retires by rotation pursuant to ASX listing rule and constitution of the company, being eligible offers herself for election as a director of the company. The number of proxies received for this resolution are shown on the screen. I now move Resolution 4 as set out in the notice of meeting. I should have memorized all these listings. That Natalia Stretslova, being a director who is retiring in accordance with Listing Rule 14.4 and Clause 47.1.2 of the company's constitution, and being eligible offers herself for re-election, be re-elected as a director of the company. Are there any questions on this motion? Darren, nothing there? From the floor? Okay. Right. If no further questions, I'll now move to the next resolution. Again, noting that this resolution will be voted on by poll at the end.
Resolution 5 also deals with a director standing for re-election, being Fiona Jane Murdoch. Ms. Murdoch retires by rotation pursuant to the ASX listing rules and the constitution of the company, and being eligible offers herself for election as a director of the company. The number of proxies received for this resolution are shown on the screen. I now move Resolution 5 as set out in the notice of meeting. That Fiona Jane Murdoch, being a director who is retiring in accordance with Listing Rule 14.4 and Clause 47.1.2 of the company's constitution, and being eligible offers herself for re-election, be re-elected as a director. Are there any questions? Starting from the floor. Nothing. Okay. Thank you. If no further questions, I'll now move on to the next resolution, noting that this resolution will be voted on by poll at the end.
Resolution 6, grant of performance rights to a director. The number of proxies received for this resolution are shown on the screen. I now move Resolution 6 as set out in the notice of meeting that approval be given for the purposes of ASX Listing Rule 10.14, Section 200(b) and 200(e) of the Corporations Act, and for all other purposes, to the acquisition of Mr. Mark Zeptner of 652,251 performance rights in accordance with the terms of the company's performance plan and on the basis described in the explanatory statement accompanying the notice convening this meeting. Are there any questions on this motion? Nothing on the line? Okay. Nothing from the floor. Good. We're getting through them. Just got three to go. Okay. If there are no further questions, I'll move now, onto the next resolution, noting this resolution will be voted by poll at the end.
Resolution 7, approval of increase to a non-executive director fee pool. Resolution 7 is the approval of an increase in the non-executive director fee pool. The number of proxies received for this resolution is shown on the screen. I now move Resolution 7 as set out in the notice of meeting that for the purpose of ASX Listing Rule 10.17, Clause 50.1 of the company's constitution, and for all other purposes, shareholders approve an aggregate increase in the maximum total aggregate fees payable to non-executive directors of the company from AUD 1,250,000 per annum to AUD 2.2 million per annum to be allocated between the non-exec directors as the board determines on the terms set out in the explanatory statement. Are there any questions on this motion? Nothing. Anything from the floor? Thank you.
If there are no further questions, I'll now move on, noting that this resolution will be voted on by poll at the end. Resolution 8, approval of the performance plan. The number of proxies received for this resolution is shown on the screen. I now move Resolution 8 as set out in the notice of meeting that the terms of the company's performance plan for the purpose of Section 260(c) of the Corporations Act 2001, ASX Listing Rule 7.2, Exception 13, and for all other purposes are approved, and that directors are authorized to make offers under the performance plan and satisfy those offers with the issue of new equity securities as defined in the ASX Listing Rules as an exception to ASX Listing Rule 7.1. Are there any questions on this motion? No questions. Anything from the floor? Good.
If there are no further questions, I'll now move on, noting that this resolution will be voted on by poll at the end. The final resolution, approval of renewal of proportional takeover provisions. The number of proxies received for this resolution are shown on the screen. I now move Resolution 9 as set out in the notice of meeting that pursuant to and in accordance with Section 648(g) of the Corporations Act 2001, the existing proportional takeover provision and the form contained in Clause 44 of the company's constitution be renewed for a period of three years commencing on the date of this meeting. Are there any questions on this motion? Nothing from online. Nothing from the floor. Okay. If there are no further questions, I'll now move on, noting that this resolution will be voted on by poll at the end.
That concludes our discussion on the items of business. Just on polling, ladies and gentlemen, we'll now conduct the poll on motions numbered 1 to 9. I've already discussed voting procedures for those attending online. In a couple of minutes, I will close the voting system. Please ensure that you've cast your vote on all resolutions. I will now ask you to finalize those votes. For those present here at the Perth Convention and Exhibition Centre, firstly, if there's any person present who believes they're entitled to vote but has not registered to vote, would you please raise your hand for assistance? You should have received material at the time you registered with Computershare staff prior to the meeting. The people entitled to vote on this poll are all shareholders, representatives and attorneys of shareholders, and proxy holders who hold green admission cards.
On the reverse of your green admission card is your voting paper and instructions. I will now go through the procedures for filling in the voting papers. Proxy holders have attached to their admission card a summary of proxy votes, which details the voting instructions for business items on the appointment documents in your favor. By completing the voting paper, when instructed to vote in a particular manner, you are deemed to have voted in accordance with those instructions. In respect of any open votes a proxy holder might be entitled to cast, you need to mark a box beside the motion to indicate how you wish to cast your open votes. Proxy holders should refer to the summary of proxy votes form attached to your voting paper for further information. Shareholders also need to mark a box beside the motion to indicate how you wish to cast your votes.
Please ensure you print your name where indicated. When you have finished filling in your voting papers, please lodge your voting paper in the ballot box, being held by our share registry staff from Computershare to ensure your votes are counted. That is coming around now. If you require any assistance, please raise your hands. I am going to give you a bit of time to do that, and I have got to do my form as well. Thank you. Anyone need any more time? Are we all right? We have got some more. I will give you a hand online. I will soon be closing the voting as we are just collecting the last of the votes here in person. Okay. Are we good? Everyone in? Okay. Voting is now closed. Ladies and gentlemen, the results of the poll will be declared by announcing the details to the ASX when they are available.
Thanks for your attendance, and I declare the meeting closed. I do invite you to go out and meet the staff we have here from Ramelius and directors. We've stuck to our culture here. You'll notice that the coffee and biscuits are of the same quality as when we were an ASX 300 company as an ASX 100 company. Enjoy those at least and have time to talk to our staff and directors, including our new directors who will be known to many shareholders already. Thanks very much for your time.