power disruptions, rising power prices, and an increased focus on emissions in Q4, reduced availability and increased price all of synthetic products. And that's highlighted on slide seven, the upstream natural graphite funds market and the strong demand conditions coincide with supply disruption amongst China's domestic producers. Major Chinese production sources have been impacted by environmental restrictions including inaudible challenges, air and oil emissions, as well as saying the same power costing disruption challenges had an impact on the synthetic graphite inaudible material producers. These inaudible Chinese market dynamics have coincided with the annual winter domestic production average period, resulting in very low natural graphite inventories. Exacerbated by equal challenges caused by disruptions in the global shipping market, and China logistics disruptions from COVID lockdowns. As a result, third party price recording agencies are recording significant increase in Chinese domestic natural graphite inaudible prices, as demonstrated by the 2021 spot price chart from slide seven. It's important to note that Sire's inaudible may not reflect this spot price, and it includes process of sale under a mix of spot and term contracts and different pricing mechanisms. We are, however, seeing contracted prices increasingly strong for new deals and spot shipments. Slide eight and nine provide the latest picture of the global and relevant regional factory manufacturing capacity part one inaudible and announcements, as well as the resulting graphite factory inaudible material for… as well as the resultant graphite battery anode material forecast requirements. The growth ahead for the industry continues to strengthen, in particular for Syrah's Chinese natural graphite target customers, and the USA active nanomaterial market, providing a very strong backdrop for the company to increase production capacity utilization of Balama, and a great setting for Vidalia's potential initial expansion. Moving now to the corporate front. Uh, Syrah finished the quarter and the year with a cash balance of 53 million US dollars, compared to $74 million at the end of Q3. Given the confidence in progressing with Vidalia construction in the near term, and to maintain the expected project schedule, we continue to invest in detail engineering activities and procurement of long lead items at Vidalia. Syrah also completed the purchase of an adjacent parcel of land that will facilitate construction activities for Vidalia's initial expansion, as well as provide the required space to potentially the facility further as the market grows. The total amount of Vidalia investment through the quarter was $6 million. With shipping constraints causing lower production of sales than anticipated of Balama, we were not able to achieve our minimum 15,000 tons per month production target, and there were several one-off items through the quarter including a 13 paycheck for local inaudible. We have also extended our procurement work in capital cycle to ensure we are not impacted by any challenges to production inputs. While shipping transit times have extended our receivables collection timeframes. Funds continue to be received, just later. Similarly, there is a lag between higher shipping costs being incurred at present, and the increased pricing on tons being shipped compared to what we're experiencing on new orders. However, this will balance out, and there is strong upward pricing pressure through the order book which will more than compensate for the shipping price increases we will s- we have seen. Over the short to medium term, we would see shipping costs stabilizing and beginning to moderate, should the shipping marker normalize, while current price support for natural graphite based on market factors is very strong. In the current market we are also likely to achieve pre-payment of natural graphite sales through break bulk shipments, which will also improve working capital. In current with the Vidalia FID processes, Syrah continues to review funding requirements for the initial expansion, and is engages with government agencies relevant to critical minerals developments. As a result of these initiatives, and the Vidalia production inaudible work, corporate costs were also higher than normal during the quarter. I'll now hand you back to Shaun. Thanks, Steve. And, starting on slide 10 through to 14, we move to Balama production sales and logistics performance in Q4. Whilst it's disappointing that the global container shipping industry disruption continues to constrain production and sales, there are two critical takeaways beneath the headlines. Firstly, inaudible performance in the second half of 2021 was better than in any prior period, benefiting from ongoing incremental improvement programs. And secondly, we worked through a major option for alleviation of the shipping constraints from the first quarter of 2022. December 2021 quarter productions was constrained by maximum inventory positions early in the quarter at Balama and Nacala, and the continual promises on improvement in contain- in container shipping market disruption taking longer than expected to eventuate. This caused us to critically evaluate the alternatives, and has led to the development of an additional break bulk shipment option, which I'll speak to further in a moment. Uh, and that, uh, improvement is expected to materially improve production and sales from the March 2022 quarter. At Balama, 13,000 tons of natural graphite was produced at 82% recovery, and 19,000 tons sold during the December 2021 quarter. All 20,000 tons of finished product inventory at the conclusion of the quarter was contracted to customers, and in fact, much of that has since been cleared with a strong start to 2022. Product quality was consistent with previous quarters with stable recovery and grade, and we attrie- we achieved a record 89% recovery in campaign operations during December. Our strong operational performance demonstrated during campaign production runs in the quarter saw us produce at an average daily production run rate to 16,000 tons per month pro rata, and a maximum daily production rate of 24,000 tons per month probably rata, so we have strong confidence in increasing Balama production with continuous operations. Our C1 cash costs of US $1,159 a ton for the quarter is reflective of the fixed cost base and low production level for the quarter. Balama's C1 cash cost guidance is at US $430 -470 a ton at a 15,000 ton per month production run rate. Balama unit costs are expected to reduce materially as the production rate increases beyond 15,000 tons per month. During the quarter, planned maintenance was also brought forward and optimization works completed with sustaining capital CSF development spending of around $2.2 million for the quarter giving us a strong open run at consistent production as inventory levels clear. On slide 13, uh, we move to some further detail on the sales side. Starting Q4 with more than 45,000 tons of sales orders, Syrah sold and shipped 19,000 tons of natural graphite, constrained by the ongoing disruption in the container market. And primarily the inability to secure sufficient container capacity for Balama products on vessels sailing from Nacala to meet prevailing demand. Given the China market conditions that Steve mentioned perviously, we are seeing exceptionally strong demands and forward contracting with end-user customers, and we're currently sitting with more than 80,000 tons of sales orders for the March quarter in backlog to work through. The weighted average sales price increased to US $530 a ton inaudible from the December quarter, and further price support is