The Paths of the Dead. Aragorn leads the way, Anduril drawn and torch in hand.

Behind Aragorn we see Legolas. But where is Gimli?

Frodo and Sam clamber up over rocks - the Stairs of Cirith Ungol?

Frodo looks behind, almost warily. Elrond (voicover): "Has led to this road."

Arwen stands reflectively on the bridge at Rivendell where she and Aragorn kissed in Fellowship of the Ring. Elrond (voiceover): "The enemy ... "

"... will never let Aragorn come to the throne of Gondor." A cloaked figure approaches the shards of Narsil at Rivendell. Arwen or Elrond?

Arwen wearing her travelling costume whispers: "It is time." A candelabra in the background looks to be a prop from Rivendell.

An unknown elvish smith (who some have speculated may be Figwit) holds a sword glowing cherry red. It is Narsil, being reforged into Anduril - Flame of the West. The smith strikes it with a hammer.

Sparks fly as the hammer strikes the sword in a closeup. It's immediately flipped over ...

In preparation for another strike.