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Announcement ION EXCHANGE TECHNOLOGY IMPROVES PROCESSING FLOWSHEET AT THE SPLINTER ROCK RARE EARTH PROJECT   NANOFILTRATION TECHNOLOGY REDUCES ACID REQUIREMENTS BY OVER 80% AT THE SPLINTER ROCK RARE-EARTH PROJECT  OD6 Metals Limited (ASX: OD6) has announced a significant step forward in rare earth processing at its flagship Splinter Rock Rare Earth Element (REE) Project  in Western Australia (Figure 1). The integration of Ion Exchange (IX) and Nanofiltration (NF) technologies into the heap leach flowsheet is yielding transformational results—enhancing impurity removal, reducing acid consumption, and increasing recovery efficiency.  This innovation not only slashes processing costs but also consolidates Splinter Rock's position as Australia's leading clay-hosted rare earths project. Figure 1: Splinter Rock Project  location (source: OD6) Managing Director Brett Hazelden  commented: “Our flowsheet development has been led by a clear vision—delivering a high-quality product that meets the needs of global customers. We’ve focused not only on product purity and recovery but also on reducing capital and operating costs to ensure robust project economics.” “Integrating Ion Exchange into our flowsheet allows us to de-risk and improve the impurity removal process, specifically targeting aluminium, iron, uranium and thorium—key drivers of product payability.” “The combined heap leaching and impurity removal process flowsheets that we have tested in conjunction with ANSTO are currently being assessed by CPC Engineering to determine the optimal development pathway.” “It is also pleasing to see the Hon Madeleine King MP discussing Rare Earths at the Diggers and Dealers Mining Forum this week. The innovations of heap leach, nanofiltration and ion exchange strongly position the Splinter Rock Rare Earth Project for potential government support moving forward.” Key Highlights - Rare Earth Processing Creating Value for OD6 Metals Limited. Ion Exchange (IX) Enhances Product Purity IX technology effectively removes iron (Fe), aluminium (Al), uranium (U), and thorium (Th), resulting in a cleaner rare earth product . Nd and Pr recoveries post-impurity removal remain strong at ~75% . Losses of REEs during the IX process are minimal (<1%). Uranium and Thorium Removal Improves Payability ANSTO testing confirms U and Th levels in final product are <0.001 wt% , broadening appeal to global offtake markets and enhancing pricing potential. Acid Reduction through Nanofiltration 84.5% hydrochloric acid (HCl)  recovery enables major reduction in reagent use. Acid consumption cut from 37.2 kg/t to ~7.5 kg/t , improving environmental and cost profiles. 94% of REEs retained  in the retentate; only 6% in the recycled acid stream. Efficient Heap Leach Recoveries at Inside Centre 79% recovery  for Magnetic Rare Earth Elements (MagREE). ~80% for Nd and Pr; 60–70% for Dy and Tb. Recovery trends improve with longer leach durations (80+ days) . Optimised Processing and Flowsheet Design Simplified heap leach–nanofiltration–ion exchange–impurity removal circuit. Eliminates high-cost infrastructure like leach tanks and thickeners. Downstream circuit size reduced by 69%, leading to smaller plant footprint and lower CAPEX . Ongoing Engineering Evaluation CPC Engineering is conducting an Optioneering Study  to determine the optimal development pathway for Splinter Rock, considering cost, recovery, scalability, and product quality. Processing Innovation at Splinter Rock The incorporation of IX and NF technologies is part of a broader flowsheet evolution aimed at cost-effective and scalable processing. The updated flowsheet (Figure 2) includes:  Figure 2: Indicative processing steps including Heap Leach, Nanofiltration, plus Ion Exchange & Impurity Removal (source: OD6). Heap Leach  is the foundation—an energy-efficient, scalable approach well suited to the Splinter Rock deposit’s mineralogy. Nanofiltration follows, recovering over 80% of hydrochloric acid, concentrating REEs in the retentate, and significantly reducing downstream processing volume. Ion Exchange  plays a key role in selectively removing impurities like Fe, Al, U, and Th while preserving valuable rare earth elements. Impurity Removal  is then carried out through a two-stage, pH-controlled precipitation process that improves both product purity and overall REE recovery (Figure 3). The Chemistry: Ion Exchange reduces REE loss and improves IR efficiency. NaOH preferred for pH control: Stage 1 (~3.5), Stage 2 (~4.1–4.4). Final product precipitated at pH 7.1–7.5. ~5% Nd/Pr loss; ~75% overall REE recovery. Dy/Tb optimised at lower pH in future work.   Figure 3: Impurity Removal Curve showing decreasing Al and Fe concentration as pH is increased (source: OD6) Finally, Mixed Rare Earth Carbonate (MREC) Precipitation trials are underway to produce a saleable rare earth carbonate or hydroxide product, with results expected to further optimise the final flowsheet. Inside Centre Prospect: Flagship Performance. The Inside Centre area is the current focus of development and metallurgical testing: Indicated Resource:  119Mt @ 1,632ppm TREO. Heap Leach Recoveries: 79% for MagREEs ~80% for Nd & Pr 60–70% for Dy & Tb Long Leach Duration Effect:  Ongoing recoveries observed after 80+ days. Low Strip Ratio:  Adds to the project’s low-cost profile. Less than 10% of the project area explored , providing significant growth runway. Next Steps OD6 has completed a suite of metallurgical testwork, with final results for the Mixed Rare Earth Product , either as Mixed Rare Earth Carbonate (MREC) or Mixed Rare Earth Hydroxide (MREH) —expected shortly. These outcomes will help confirm product quality and recovery efficiency across the full flowsheet. In parallel, CPC Engineering is progressing an Optioneering Study  aimed at selecting the optimal development pathway. This study will weigh cost, recovery, scalability, and product specifications to guide final flowsheet design. Completion is expected within the current quarter. To validate the process at a larger scale, OD6 plans to undertake pilot-scale testing using approximately one tonne of diamond core material. This work will produce kilo-scale quantities of MREC product to support offtake discussions and further optimisation. Further downstream, the company is also assessing options for converting the mixed rare earth carbonate or hydroxide into individual rare earth oxides . This step is critical for aligning final products with market demand and broadening potential customer reach. Technology in Focus: What is Ion Exchange (IX)? IX is a chemical process where ions are exchanged between a liquid and a resin (Figure 4). In the Splinter Rock process: IX removes impurities, eg Fe, Al, U, and Th  with high selectivity. Operates at low temperatures and requires minimal energy. <1% of REEs lost  in the IX process. This step enables a smaller, more efficient downstream circuit  and helps meet strict export requirements.   Figure 4: Example of an Ion Exchange system (source: OD6) Technology in Focus: What is Nanofiltration (NF)? NF uses pressure-driven membranes to separate substances by size and charge (Figure 5). In REE processing: It recovers over 80% of HCl . Concentrates REEs in the retentate for further processing. Reduces downstream circuit volume by ~69% . Operates efficiently in remote, modular setups . Figure 5: Example of a Nanofiltration system and the membrane utilised (source: OD6) Samso Concluding Comments The clay-hosted REE story is one that I have been re-following with interest lately. For those who have been following Samso since the first Coffee with Samso with Brett Hazelden, you would know that we have been big fans of the developments of the sector. In our first episode together, I asked Brett to tell us how this clay-hosted REE business works. You can watch that conversation below. OD6 Metals Limited (ASX: OD6) - The Rare Earth Elements Story: The sector has had a terrible two years with REE prices experiencing a steep decline. I have been watching this space closely to see how the outcome of the big US push to have a second train for the REE downstream process. I have been wanting to get content made to follow this process, and companies that have been in this space have been shy to speak out. In fact, several have moved on from this story and are now focusing on other commodities. OD6 Metals may be the last man standing in Australia, and it looks like it continues to lead from the front in redefining the economics of clay-hosted rare earth projects in Australia. The recent news, and I do not claim to understand, may start conversations again. The recent ASX release showing that nanofiltration and ion exchange are now proving their value in both cost reduction and processing efficiency, OD6's Splinter Rock is evolving beyond a resource story—it’s becoming a demonstration of smart engineering and disciplined innovation. Does this mean that while many rare earth developers are still working through the basics, OD6 is advancing into value engineering? According to OD6, the acid recovery rates, high REE retention, and processing simplification are not just theoretical—they’re backed by rigorous ANSTO testing and flowsheet modelling. These are the practical steps that derisk development and add weight to long-term value propositions. What’s especially encouraging is that all of this is being achieved on just a fraction of the tenement footprint. With less than 10% explored and a Tier-1 resource already defined, the growth runway is compelling. The addition of nanofiltration and IX simply improves the project’s scalability and economic integrity. Figure 6: OD6 share price chart as of 7th August 2025. A market capitalisation of AUD $4.65M is making any new input to the business of OD6 very attractive to investors. (source: commsec). The market capitalisation of under AUD $5M will make any value adding to the OD6 very attractive for serious DYOR (Figure 6). As the "Western" narrative of creating a new train of downstream REE processing business work, the refinement of the OD6 REE story will definitely create a First-Mover advantage for the likes of OD6 Metals Limited. Figure 6 shows that there is still a lot of value that can be recovered from its share price highs of 2022. For those tracking Australia’s role in the global rare earths supply chain, Splinter Rock represents more than just a deposit—it’s a test case in how technology and geological advantage can combine to produce low-cost, high-margin production in a geopolitically strategic sector. OD6 is quietly building something significant. The market may not be pricing that in—yet. The Samso Way – Seek the Research In clay-hosted rare earths, success hinges on innovation. OD6’s partnership with ANSTO, emphasis on practical flowsheet engineering, and disciplined testwork progression is a textbook example of how to derisk development. As investors, look to where margins are created, not just in the ground, but in how it's processed. At Splinter Rock, the value is engineered in.   Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position or particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and has a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Announcement AML3D ACCELERATES ENTRY INTO EUROPE WITH UK DISTRIBUTOR DEAL AML3D Limited (ASX: AL3) , a pioneer in industrial-scale metal 3D printing , continues its global expansion with the announcement of a strategic UK distribution agreement. The company has appointed Arc Additive Limited , a Scotland-based specialist in wire arc additive manufacturing (WAAM), as its non-exclusive distribution partner across the UK and Europe. The agreement will run for two years and is designed to accelerate AML3D’s access to key manufacturing and defence sectors throughout the region. This move builds upon AML3D’s recent AU$5 million investment into establishing a European technology base, following its successful AU$30 million capital raise in late 2024.   Key Highlights & Summary of 28 July 2025 Announcement - A Defence Manufacturing Business. AML3D Accelerates Entry into Europe with UK Distributor Deal   AML3D has appointed  Arc Additive Limited as its distribution partner for the  UK and Europe. The  non-exclusive agreement spans two years and targets strategic manufacturing sectors across the region. This development is a key step in AML3D’s  global growth strategy, following its expansion into the US defence sector. AML3D is already working with  BAE Systems UK under a feasibility alloy testing contract signed during the June 2025 quarter. The company plans to  leverage its Australian manufacturing base and establish  new European capacity to support AUKUS defence markets and broader industrial applications.   AML3D CEO Sean Ebert commented:   “We are seeing the same demand signals in Europe that are driving our phenomenal growth in the US across Defence but also Utilities and Energy. We are very much looking to roll out our US playbook in Europe.” “My expectation is the alloy testing contract we have already signed with BAE Systems in the UK is just the beginning.”   Jamie Mincher, Managing Director of Arc Additive, commented:   “AML3D’s ARCEMY® platform is a brilliant example of industrial-scale innovation… We’re proud to support their entry into the UK market and look forward to seeing this collaboration unlock new capabilities for industry across the region.”   This distributor agreement positions AML3D to replicate its successful US strategy in Europe, leveraging local partnerships, establishing technology centres, and aligning closely with AUKUS-aligned defence initiatives.   Samso Concluding Comments AML3D continues to demonstrate that its strategy is about quietly executing a well-defined playbook. This new partnership with Arc Additive in the UK is more than a distribution deal; it’s a clear step toward embedding the ARCEMY® platform into the European manufacturing and defence landscape.   What’s important here is the repeatability of AML3D’s growth pattern. We’ve seen it work in the US: identify demand, partner locally, establish a regional base, and secure defence-related traction. Europe now appears to be following a similar trajectory. The alloy testing agreement with BAE Systems UK suggests early validation, and if the trend holds, we may see AML3D progressing from initial contracts to larger-scale deployments.   For investors, the takeaway is that this is not a speculative growth story—it’s one rooted in real demand, clear commercial pathways, and long-term positioning. With defence, aerospace, and energy sectors leaning into sovereign capability and advanced manufacturing, AML3D is quietly embedding itself where long-term value is built. The Samso Way – Seek the Research At Samso, we always advocate for following the research and tracking the strategic execution of companies. AML3D’s disciplined expansion and alignment with geopolitical industrial trends signal more than hype—they reveal a maturing business with a long-term vision and tactical execution. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity.   Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life there is no such thing as a Free Lunch. Happy Investing and the only four letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance the

Announcement 16 June 2025 AR9 Achieves Breakthrough Sale of NC Protect to U.S. Department of Defense 18 June 2025 archTIS Successfully Enters UK Market with Defence Industry Award Following Recent U.S. DoD Win 8 July 2025 archTIS Completes $7.5M Capital Raising In the data security arena, momentum is everything, and archTIS Limited (ASX: AR9) is building a convincing narrative across multiple strategic fronts. From headline contract wins with the U.S. Department of Defense to entering the UK defence sector and securing fresh funding to fuel expansion, the Company has demonstrated alignment between strategic intent and market execution. Across three key announcements spanning June to July 2025, archTIS has shown growing traction for its NC Protect platform—a solution that addresses the increasingly complex data protection demands of government and defence entities across allied nations. In the Samso Way, we distill the facts and offer a grounded reflection on what this means for investors monitoring AR9’s journey.  16 June 2025 - Breakthrough Sale of NC Protect to the U.S. Department of Defense - Cybersecurity Business. archTIS secured a strategic contract with the U.S. Department of Defense (DoD) for the implementation of its flagship product, NC Protect. This milestone validates NC Protect’s core strength— data-centric security using attribute-based access controls (ABAC )—in one of the world’s most regulated IT environments (Figure 1). The contract serves as a benchmark use case, opening the door to wider adoption across the  Coalition defence and industrial base. Daniel Lai, CEO and MD, commented: “This initial award marks a pivotal milestone in our strategy to penetrate and service the U.S. defence market – the largest in the world… We believe this market will contribute significantly to our overall growth objectives.”   Figure 1: Zero Trust Data Centric Security (source: AR9) Kurt Mueffelmann, Global COO and US President, added: “The continued evaluation of NC Protect… is a testament to our innovative technology, as well as our dedication to safeguarding data in the most challenging defence environments.” This announcement effectively elevated archTIS from a domestic niche player to a recognised contributor to U.S. national cybersecurity efforts, placing its ABAC capabilities at the heart of future defence tech adoption strategies.   18 June 2025 UK Market Entry via Aerospace & Defence Contract. archTIS signed a  3-year contract valued at A$263,185 with the UK division of a global aerospace and defence corporation. The implementation of NC Protect aims to meet compliance with the UK Ministry of Defence’s  Joint Service Publication 440 (JSP 440) for managing sensitive defence data in Microsoft 365. While the contract initially covers 400 users, it is expected to become a global reference model for over 100,000 employees across the enterprise. The win follows closely behind the U.S. DoD's success, highlighting the Company’s ability to  leverage early traction across strategic alliances.   Daniel Lai, CEO and MD, commented: “Importantly, this capital raise is aimed at driving sustained revenue growth by strengthening our go-to-market capabilities. It will allow us to expand our delivery capacity, enhance our onboarding and support infrastructure, and provide new distribution opportunities in international markets. By implementing scalable models with next-gen technology, we are positioning archTIS to capitalise on the growing demand for secure data-centric sharing platforms.”     8 July 2025 - $7.5M Placement Secured to Accelerate Global Growth archTIS completed a  $7.5 million capital raising , issuing 50 million fully paid ordinary shares at  $0.15 per share. The raise was well-supported by  existing and new institutional, executive, and sophisticated investors. Funds will be directed towards three strategic priorities: 1. U.S. expansion and support 2. Strategic partnerships 3. Product development The placement strengthens the Company’s ability to execute on the operational and commercial fronts laid out in the June announcements. This capital raise marks an inflection point in the archTIS growth story, aligning investor backing with the Company’s international ambitions.   Samso Concluding Comments It’s not every day that we see an Australian cybersecurity firm enter the global defence ecosystem. archTIS has spent years developing a solution—NC Protect—that is now being quietly embedded in the IT infrastructure of some of the world’s most security-conscious organisations. These aren’t hype-driven contracts; they’re deliberate, standards-based integrations in jurisdictions where compliance and verification are paramount. The U.S. Department of Defense and UK Ministry of Defence operate under vastly different yet equally rigorous data security frameworks. That NC Protect has now been selected by both suggests a rare alignment of product capability with international defence standards. This isn’t just about security software—it’s about solving modern problems of secure collaboration in Microsoft 365 environments where traditional approaches fall short.  The recent capital raise is more than just a financial event. It provides archTIS with the resources to move from contract wins to operational scale. With deployments now spanning U.S. and UK defence verticals, the next chapters will be about demonstrating sticky revenue, reference deployments, and scalable growth, particularly as partners and procurement channels evolve. Figure 2: AR9 share price chart as of 5th August 2025. (source; commsec) For investors, this phase marks the transition from validation to acceleration. The key question now isn’t whether archTIS has the right solution—it’s whether they can convert this early traction into repeatable, enterprise-wide contracts that build long-term value. Looking at Figure 2, the market is loving the transformation and as I have mentioend above, the continued execution to commercialise the business is going to dictate the share of its share price chart. As always, Samso will continue to monitor the story, guided by facts, not headlines.   The Samso Way – Seek the Research At Samso, we look at how execution meets aspiration. What matters isn’t just the headline but the trajectory, the context, and the credibility of a company’s progress. AR9’s recent string of updates reveals a firm that is methodically building credibility in some of the world’s most secure and scrutinised environments—starting with the U.S. and UK defence sectors. Our mission is simple:  cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms:  Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR . To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Announcement AuMEGA Metals Provides Exploration Update In its 29 July 2025 announcement, AuMEGA Metals Ltd (ASX: AAM | TSXV: AUM | OTCQB: AUMMF) delivered a substantial mineral exploration update covering three major Canadian projects—Cape Ray, Bunker Hill, and Hermitage. With a fully funded program and a strong C$9.2 million treasury, AuMEGA is aggressively expanding its data-driven strategy across Newfoundland’s Cape Ray Shear Zone, Canada’s largest known gold-bearing structure (Figure 1). Figure 1: Historic surficial geochemical footprint and pit shell outlines. (source: AAM) This update underscores the company’s technical shift under new leadership, focusing on systematic geochemical mapping, targeted diamond and RC drilling, and efficient resource extension strategies to maximise discovery opportunities. 1. Key Mineral Exploration Highlights & Summary – Cape Ray Project Phase One Diamond Drilling Completed: A total of 2,559.7 metres drilled across nine holes targeting extensions of Central Zone and Window Glass Hill. Initial assays are expected in mid-August 2025 (Figure 2). Figure 2: Cape Ray 2025 Drill Program – Phase One (source: AAM) Largest Till Geochemistry Program Ever at Cape Ray: Approximately 1,500 till samples being collected across 16 km² at Cape Ray West to integrate with recent airborne EM and magnetics data, refining future drill targets (Figure 3). Figure 3: Cape Ray West Till and Rock Sampling Program (source: AAM) Resource Base: Cape Ray currently hosts 420 koz of Indicated and 141 koz of Inferred gold resources at 2.25g/t and 1.44g/t Au, respectively. Modern Approach: EM survey completed in May 2025 with interpretation underway, designed to find geophysical signatures analogous to known deposits. 2. Key Mineral Exploration Highlights & Summary – Bunker Hill ⮞ Winter Drilling Program: 147 RC holes (1,397m) and 15 diamond drill holes (3,673.25m) completed. One intercept (CRD396) returned 1.84g/t Au over 1m, highlighting the Branch Fault  as a key structural feature (Figure 4). Figure 4: 2025 Winter Drill Program at Bunker Hill (source: AAM) No Significant High-Grade Intersections Yet: While assays yielded strong geological insights, no material intersections were recorded in this phase. Follow-up drilling deferred to late Q3 or early Q4 2025.   Geochemical Till Sampling to Direct Next Drill Phase (Figure 5): Bunker Hill West:  Over 600 till samples across 19 km². Bunker Hill Central:  3,800 samples across 56 km², covering Branch Fault and Nitty Gritty targets. Figure 5: 2025 Bunker Hill Sampling Program (source: AAM) 3. Key Mineral Exploration Highlights & Summary – Hermitage Largest Program in Hermitage History: Over 1,700 geochemical till samples to be collected in Q3 2025, targeting known high-grade anomalies identified through historical airborne magnetic surveys and prior surface work (Figure 6). Figure 6: 2025 Hermitage till geochemical sampling and mapping program (source: AAM) Systematic Coverage: The program will prioritise the central region of Hermitage, where 2023–2024 sampling and magnetic results suggested strong gold prospectivity. Managing Director and CEO, Sam Pazuki , Commented: “We have further enhanced our exploration program—one that is now more focused, more data-driven, and designed to maximise return on investment and unlock shareholder value… We are now addressing resource growth potential beyond pit shells, which historically had limited step-out work. I’m genuinely excited about what lies ahead.”   Samso Concluding Comments AuMEGA Metals’ latest exploration update is showing the focus of the company and maintaining its exploration standards. The transition from broad scout-style programs to methodical, data-led exploration is part of the mineral exploration process so there is nothing going waywards. The programs at Cape Ray, Bunker Hill, and Hermitage are coordinated, technically robust, and backed by a clear understanding of structural controls and glacial overburden challenges that have previously limited discovery in the region. This recalibration reflects a more disciplined and potentially more rewarding approach.  The decision to aggressively pursue till geochemistry across three high-priority projects signals a company that is using what it has learnt from its exploration programs which is a good sign that they are progressing well as they refine the cost-efficiency of geochemical vectors ahead of drilling. With 1,500 samples at Cape Ray West, 4,400 across Bunker Hill West and Central, and another 1,700 at Hermitage, AuMEGA is laying down a data framework that should significantly de-risk its future drill targeting. This is how discoveries are normally and historically made—by narrowing the field with science before deploying the drill bit. While assay results from recent drilling were mixed—especially at Bunker Hill—the context is important. These were largely exploratory holes designed to build structural understanding, not necessarily to deliver headline grades. I like the fact that AuMEGA is playing the long game, leveraging its strong treasury and strategic landholding to build a case for potential resource expansion and new discovery. This is a smart use of capital and time in an environment where cost control and exploration efficiency matter more than ever. Figure 7: The AAM share price chart as of 5th August 2025. (source: commsec). For ASX investors looking at the gold space, AuMEGA stands out as a junior with serious intent, a well-funded budget, and a pipeline of quality targets. The company’s 110 km of tenure along the Cape Ray Shear Zone—including areas adjacent to Equinox Gold’s multi-million-ounce Valentine Project—offers clear leverage to discovery success. With strong institutional backing, technical credibility, and a proactive exploration model, AuMEGA is one to watch closely in the second half of 2025. The share price chart in Figure 7 looks like its on a holding pattern which is a good sign that the market is patient. This is a big company exploration play and for those investors who are patient and understand the time for a real exploration discovery will hang around. A market capitalisation of AUD $24.84M is a good number. I want to remind readers of the success of Gold Road Resources was all about exploration success with patience so take note. For those who are interested in the Gold Road Resources story and the discovery of the Gruyere Gold Deposit, check it out here:   The Samso Way – Seek the Research Understanding early-stage exploration stories like AuMEGA’s means going beyond headline intercepts. It’s about scale, targeting strategy, funding strength, and leadership. At Samso, we follow explorers who build data-rich, geologically sound roadmaps toward discovery, and AuMEGA is doing just that. Keep watching as the next assay sets come in and the drill rigs return later in the year. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Announcement Alterity Therapeutics Reports Positive Topline Data from Open-Label Phase 2 Clinical Trial of ATH434 in Multiple System Atrophy Alterity Therapeutics Limited (ASX: ATH; NASDAQ: ATHE) has announced highly promising topline results from its open-label Phase 2 clinical trial (ATH434-202) evaluating ATH434 in patients with advanced Multiple System Atrophy (MSA) . The findings reinforce the company’s position as a front-runner in developing disease-modifying therapies for neurodegenerative diseases .  ATH434 has previously shown positive outcomes in a double-blind Phase 2 trial. This open-label trial in a more advanced patient group confirmed a similar level of clinical benefit. Importantly, the study showed that ATH434 slowed progression on both clinical and biomarker endpoints, was well-tolerated, and demonstrated target engagement in affected brain regions. What is Multiple System Atrophy (MSA)? (source: NINDS - National Institute of Neurological Disorders and Stroke ) Multiple system atrophy (MSA) is a progressive neurodegenerative disorder characterized by a combination of symptoms that affect both the central nervous system (which controls how a person moves), and the autonomic nervous system, which controls involuntary functions such as blood pressure or digestion. MSA was formerly known as Shy-Drager syndrome, olivopontocerebellar atrophy (OCPA), or striatonigral degeneration. The symptoms of MSA reflect the progressive loss of function and death of different types of nerve cells in the brain and spinal cord. MSA is one of a family of neurological disorders known as an atypical parkinsonian disorder. The initial symptoms can be difficult to distinguish from those of Parkinson's disease, and can include: Slowness of movement, tremor, or stiffness Clumsiness or lack of coordination Croaky, quivering voice Fainting or lightheadedness Bladder control problems Symptoms tend to appear in a person's 50s and advance rapidly over the course of five to 10 years. A person with MSA will have increased difficulty with movement and eventually become bedridden. People with MSA often develop swallowing problems that can lead to pneumonia in the later stages of the disease. There are two different types of MSA, which are categorized by the person’s most prominent symptoms when they’re evaluated by a doctor: Parkinsonian type MSA (MSA-P) has primary symptoms similar to Parkinson's disease (such as slowness of movement, stiffness, and tremor) along with problems with balance, coordination, and autonomic nervous system dysfunction (such as urinary problems, sweating abnormalities, and digestion difficulties).   Cerebellar type MSA (MSA-C ) is associated with balance and coordination problems (ataxia), difficulty swallowing, speech problems or a quivering voice, and abnormal eye movements. MSA tends to progress more rapidly than Parkinson's disease, and most people with MSA will require an aid for walking, such as a cane or walker, within a few years after symptoms begin.   Key Highlights & Summary of Positive Topline Data from Open-Label Phase 2 Clinical Trial of ATH434 in MSA. 1.  Clinical Benefit Observed   ATH434 reduced disease progression, with UMSARS I scores increasing by only 3.5 points over 12 months, compared to 6.5 in historical controls. 43% of patients completing the study had stable UMSARS scores. 30% of participants stabilized or improved in both Clinical and Patient Global Impression of Change scores. Stabilisation of orthostatic hypotension symptoms was also observed.     2.  Robust Biomarker Signals   Brain Volume: Mean z-score of brain volume change was -0.44, indicating slowed brain atrophy in MSA-affected regions.  Brain Iron Accumulation: Reduced iron buildup in the globus pallidus and putamen confirmed drug-target engagement.  NFL Levels: Neurofilament light chain levels in plasma and CSF remained stable, further supporting disease modification.   3.  Safety Profile   ATH434 was well-tolerated. No serious adverse events related to treatment were reported.  Most side effects were mild to moderate in severity.  No negative impact on hemoglobin or iron parameters was observed. 4. Consistent with Earlier Study   ATH434-202 results mirror those of the earlier ATH434-201 double-blind trial, despite involving a more advanced MSA population.  Reinforces the therapeutic potential of ATH434 across a broader disease spectrum. David Stamler, M.D., Chief Executive Officer of Alterity, commented: “I am very encouraged by the positive results from the ATH434-202 trial, as they reinforce the robust efficacy we observed in our double-blind study,” said David Stamler, M.D., Chief Executive Officer of Alterity. “   M.D., M.S., Professor of Neurology at Vanderbilt University Medical Center and principal investigator for the ATH434-202 Phase 2 study, commented: “These results are very helpful in establishing the clinical response to therapy. The consistent changes in UMSARS, along with quantitative measures in imaging, support the findings we noted in Study 201. Currently, there are no disease modifying medications for the treatment of MSA, and these data encourage the continued development of ATH434 to treat this disease. We are indebted to the study participants and their families who contributed to this study.” About ATH434 and Multiple System Atrophy ATH434 is an oral iron chaperone, an oral therapeutic targeting pathological protein aggregation in neurodegenerative disorders. It acts as an iron chaperone, redistributing excess iron in the brain, one of the key pathological mechanisms in MSA (Figure 1).   Figure 1: Excess labile iron and alpha-synuclein aggregation driving MSA pathology (Source: Alterity Phase 2 Presentation at MSA Symposium 2025) MSA is a rapidly progressing and rare Parkinsonian disorder with no approved disease-modifying therapies. It affects the autonomic nervous system and motor control, with hallmark α-synuclein protein accumulation in glial cells.   ATH434 has received: Fast Track Designation (FDA) Orphan Drug Designation (FDA & European Commission) Alterity continues its commitment to progressing ATH434 and alleviating the burden of MSA, with ongoing Phase 2 trials and additional pipeline development in related neurodegenerative conditions.   Samso Concluding Comments This announcement from Alterity Therapeutics is confirming the business and the data is underpinning the clarity. In a disease like Multiple System Atrophy, where options are scarce and the clinical landscape is filled with uncertainty, a stabilisation of symptoms—let alone evidence of slowing disease progression—is no small achievement.  The consistency between the open-label and double-blind Phase 2 trials of ATH434 is particularly important. It speaks to the reproducibility of the treatment effect, which is a major hurdle in neurodegenerative research. From a clinical development perspective, this is the kind of validation that builds confidence in the path forward. From an investor's point of view, it places Alterity on firmer ground as it moves towards larger-scale studies and potential regulatory engagement. There’s also something quite compelling about the mechanistic angle, targeting iron dysregulation and α-synuclein aggregation. This isn’t just symptomatic relief. It’s an effort to interfere directly with disease biology, backed by biomarker data showing measurable changes in brain structure and chemistry. While biotech is never short of risk, Alterity is showing investors a trajectory that is supported by science, clinical results, and a clear regulatory pathway. With orphan designation and Fast Track status already in place, the road ahead—though still challenging—now looks more navigable. Figure 2: THe share price chart for ATH shows clearly the recent results are consistent with investors confidence in what the company is doing over the last 12 months. For those watching the neurodegeneration space or seeking differentiated biotech exposure, Alterity is no longer a speculative whisper (Figure 2). It’s a company laying bricks toward something potentially transformative. With a market capitalisation of AUD $128.9M as of writing, this is now a business that could play in the high valuations of the giant biotech companies on the ASx or something in the US markets.   The Samso Way – Seek the Research Samso encourages investors to dive deeper into the data. Review clinicaltrials.gov (NCT05864365) , examine the peer-reviewed studies (e.g., Wenning et al. 2013; Trujillo et al. 2025), and take the time to understand the biomarker strategy Alterity employs. In neurodegenerative disease R&D, nuance matters—and Alterity seems to be getting it right. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Announcement Actinogen accesses up to $13.8m in non-dilutive R&D tax incentive funding Actinogen confirms 100th participant in XanaMIA phase 2b/3 Alzheimer’s disease Trial and interim analysis timeline Presentation Actinogen Medical Ltd (ASX: ACW) has announced a significant milestone in the development of its lead candidate, Xanamem® (emestedastat) , with the 100th participant now enrolled in its pivotal XanaMIA Phase 2b/3 Alzheimer’s disease trial. This event formally triggers the timeline for an independent interim analysis of safety and efficacy, bringing the company one step closer to potentially introducing a novel oral therapy for Alzheimer’s disease (AD).  Actinogen Chief Executive Officer, Dr Steven Gourlay, commented: “We are delighted to confirm the timeline for our independent Data Monitoring Committee review of safety and efficacy data based on the enrolment of the 100th patient in the XanaMIA phase 2b/3 Alzheimer’s trial. This confidential review of unblinded data will ensure the XanaMIA trial is on-track and that Xanamem continues to perform as a promising and well-tolerated, once-a-day oral therapy.” “Furthermore, with our 35 Australian and US clinical sites now enrolling at full pace, we are able to reconfirm our guidance for final results in late 2026. The availability of a follow-on, open-label trial where all will receive active Xanamem therapy should give participants and their families more incentive to participate in the current XanaMIA trial as well as provide valuable long-term safety and efficacy data.” Key Highlights – XanaMIA Alzheimer’s Disease Phase 2b/3Trial. 100th patient enrolled and cleared for treatment  – now scheduled for dosing in July 2025. Interim data readout expected January 2026 , based on the 24-week visit of this cohort. Final results anticipated for Q4 2026  for the full 220-patient cohort. 35 active clinical sites  operating across Australia and the US, with enrolment progressing steadily. Independent Data Monitoring Committee (DMC)  will assess unblinded data for both safety and efficacy futility.   Open-label extension trial (XanaMIA-DUR) planned to commence Q1 2026, offering Xanamem to all prior participants. The XanaMIA trial is designed to rigorously assess the safety and efficacy of Xanamem 10 mg once daily in patients with mild to moderate Alzheimer’s disease and biomarker-confirmed progressive disease. The trial's primary efficacy measure is the CDR-SB (Clinical Dementia Rating Scale – Sum of Boxes), widely accepted as a robust clinical endpoint. Clinical & Regulatory Pathway: A Structured Build Toward Approval. The independent DMC, comprising experienced clinicians and statisticians, will conduct a confidential review of unblinded data , meaning the allocation of participants to active or placebo arms will only be known to the committee. Their task is to assess whether continuing the trial is futile based on efficacy trends or if any safety concerns warrant early termination. It is important to note that the committee cannot recommend early cessation due to success, only due to futility or safety. Actinogen plans to engage with the US FDA in H2 2025 to discuss potential regulatory pathways, including expedited options, should the interim results exceed expectations. As a base case, Actinogen is preparing for a conventional regulatory approval process for Xanamem as a daily oral therapy for Alzheimer’s. The company is also preparing for its second pivotal Phase 3 trial , expected to commence in Q1 2027, potentially in partnership with a commercial collaborator to support the next development stage and future launch.   Xanamem: A Distinct Therapeutic Approach. Xanamem is a first-in-class, brain-penetrant inhibitor of the 11β-HSD1 enzyme, designed to regulate cortisol levels within the brain without impacting systemic cortisol production (Figure 1). Chronically elevated cortisol has been implicated in neurodegeneration and cognitive decline, making it a validated and increasingly targeted mechanism in both Alzheimer’s and depression research.   Oral Xanamem® (emestedastat) Controlling brain cortisol to slow progression in Alzheimer’s disease and treat depression. Figure 1: Xanamem - a small molecule tissue cortisol synthesis inhibitor (11β-HSD1 enzyme) (source: ACW) The trial design capitalises on this biology. Xanamem has already shown statistically significant improvements in depressive symptoms (Figure 2) in its Phase 2a depression trial (XanaCIDD), and encouraging signals of slowed cognitive decline  in Alzheimer’s patients with elevated pTau181 biomarkers (Figure 3). Figure 2: Xanamem controls cortisol by inhibition of 11β-HSD1 (source: ACW) Figure 3: Large Xanamem benefit in high pTau181 patients (source: ACW) These results support the disease-modifying potential of Xanamem , a particularly attractive feature in an Alzheimer’s market still seeking oral, safe, and scalable treatment options (Figure 4). Figure 4:  XanaMIA phase 2b/3 trial in Alzheimer’s disease (source: ACW) Well-Funded into 2026 The progress in the clinic is supported by a solid financial foundation. As disclosed on 30 June 2025, Actinogen secured a non-dilutive R&D tax funding package of up to $13.8 million,  with $3.0 million already received and a further $10.8 million conditionally committed pending regulatory approvals. Combined with $13.4 million in existing cash, the company’s total funds sit at an estimated $16.4 million , providing a runway to at least mid-2026. Actinogen Chief Financial Officer, Mr Will Souter,  commented: “The non-dilutive funding package from Endpoints, a firm with deep industry expertise, is an endorsement of the robustness of our program. Endpoints conducted rigorous due diligence to assess the veracity and likely eligibility of Actinogen’s anticipated FY25 RDTI before approving the loan. The funding further strengthens our balance sheet as we progress towards important milestones for the Company, including the upcoming interim analysis for our Alzheimer’s phase 2b/3 clinical trial, and reaffirms our cash runway out to mid-2026.” This funding is earmarked to support both the XanaMIA trial and general operations, reinforcing Actinogen’s capacity to deliver on multiple clinical and regulatory milestones in the coming 12–18 months.   Samso Concluding Comments Actinogen Medical continues to quietly but confidently advance a unique, mechanism-driven candidate in one of the most challenging and high-value areas of medicine—Alzheimer’s disease. From someone who is not from the industry, I am thinking that the 100th patient milestone may mean more than just signify progress; a hundred participants should give some form of clarity, via an independent DMC review, on whether Xanamem has genuine potential to alter disease trajectory in a scalable, convenient format. I guess the broader context matters. With antibody drugs dominating headlines despite invasive delivery, cost, and modest benefit, an effective once-daily oral treatment—especially one with an add-on profile—could shift the therapeutic landscape. This trial design, paired with the validated pTau181 biomarker approach, gives Actinogen a clear differentiation angle. Xanamem’s mechanism—targeting brain cortisol through 11β-HSD1 inhibition—remains novel and backed by peer-reviewed data in both Alzheimer’s and depression. The drug’s oral, once-daily profile positions it as a practical alternative in a market where current treatments often come with complexity and cost. If efficacy trends continue in the right direction, Xanamem could fill a gap the market still hasn’t addressed. For those tracking value progression in biotech, this is the stage where the risk profile begins to shift. The 100-patient interim review won’t answer everything, but it will offer the first real test of Xanamem’s clinical potential. The pieces are in place—now it’s about what the data reveals. Investors looking for fundamentals, not froth, should be paying close attention. The Samso Way – Seek the Research Reaching the 100th participant in the XanaMIA trial is a pivotal milestone that shifts Actinogen’s Alzheimer’s program from potential to tangible progress. It marks the beginning of formal, independent scrutiny through the upcoming January 2026 interim analysis—a critical checkpoint that will assess whether Xanamem is on track or not. For investors, this is where real clinical validation begins. The decision by the Data Monitoring Committee will provide clarity on futility and shape confidence in the path ahead. Coupled with non-dilutive funding, FDA engagement, and a disciplined trial strategy, this moment signals that Actinogen is entering a decisive phase in its journey toward regulatory relevance and potential therapeutic impact. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Investing in emerging markets offers exciting opportunities for growth and diversification. These markets, often characterized by rapid economic development and increasing integration into the global economy, can provide higher returns compared to developed markets. However, they also come with unique risks and challenges. This article explores some of the most promising emerging investment markets worldwide, highlighting key sectors, trends, and practical tips for investors looking to expand their portfolios. Understanding Emerging Markets and Their Potential Emerging markets are countries experiencing rapid industrialisation, improving infrastructure, and growing middle-class populations. These factors contribute to increased consumer spending and investment opportunities. Examples include countries in Asia, Latin America, Africa, and parts of Eastern Europe. Investors are drawn to emerging markets for several reasons: Higher growth rates : Many emerging economies grow faster than developed ones. Diversification : Adding emerging market assets can reduce portfolio risk. Untapped sectors : Opportunities in technology, renewable energy, and consumer goods are expanding. However, investing in these markets requires careful analysis of political stability, currency risks, and regulatory environments. City skyline representing emerging market growth Key Emerging Markets to Watch in 2024 Asia: The Powerhouse of Growth Asia remains a dominant force in emerging markets, with countries like India, Indonesia, and Vietnam leading the way. India’s technology sector continues to boom, driven by startups and digital innovation. Indonesia’s consumer market is expanding rapidly due to its large population and rising incomes. Vietnam is becoming a manufacturing hub, attracting foreign direct investment. Investors should focus on: Technology and fintech : Rapid digital adoption is creating new business models. Consumer goods : Growing middle classes demand better products and services. Infrastructure : Governments are investing heavily in transport and energy. Latin America: Resource-Rich and Resilient Latin America offers opportunities in natural resources, agriculture, and renewable energy. Brazil and Mexico are the largest economies, with sectors like mining, oil, and agribusiness playing key roles. Chile is a leader in lithium production, essential for electric vehicle batteries. Key considerations include: Commodity prices : These heavily influence market performance. Political changes : Stability varies across countries. Renewable energy : Solar and wind projects are expanding rapidly. Africa: The Next Frontier Africa’s young population and urbanisation trends make it a compelling emerging market. Countries like Nigeria, Kenya, and South Africa are hubs for technology, agriculture, and financial services. Mobile banking and fintech innovations are transforming access to financial products. Investors should explore: Mobile technology : High adoption rates create new opportunities. Agriculture : Modernisation can boost productivity. Infrastructure development : Roads, ports, and energy projects are critical. Solar farm representing renewable energy growth in Africa Navigating Risks and Challenges in Emerging Markets While the potential rewards are significant, emerging markets come with risks that investors must manage carefully: Political instability : Changes in government or policy can impact investments. Currency volatility : Fluctuations can affect returns. Regulatory uncertainty : Laws and enforcement may be inconsistent. Market liquidity : Some markets have lower trading volumes, making it harder to buy or sell assets. To mitigate these risks, investors should: Diversify across countries and sectors to reduce exposure. Use local expertise by partnering with regional fund managers or advisors. Stay informed about geopolitical developments and economic indicators. Consider currency hedging to protect against exchange rate swings. Practical Tips for Investing in Emerging Markets Investing in emerging markets requires a strategic approach. Here are some actionable recommendations: Start with ETFs or mutual funds : These provide diversified exposure and professional management. Focus on sectors with strong growth potential : Technology, renewable energy, and consumer goods are promising. Monitor macroeconomic trends : Inflation, interest rates, and trade policies can influence market performance. Be patient and long-term oriented : Emerging markets can be volatile but offer growth over time. Leverage technology platforms : Many online brokers now offer access to emerging market stocks and bonds. For those interested in sustainable and innovative investments, companies like samso australia offer insights into renewable energy solutions that align with emerging market trends. Stock market graph illustrating emerging market investment trends The Future Outlook for Emerging Markets Emerging markets are expected to continue their growth trajectory, driven by demographic shifts, urbanisation, and technological adoption. Key trends to watch include: Green energy transition : Investments in solar, wind, and battery technologies will accelerate. Digital transformation : E-commerce, fintech, and mobile services will expand access and efficiency. Infrastructure upgrades : Governments will prioritise transport, energy, and communication networks. Regional trade agreements : These will enhance market integration and investment flows. Investors who stay informed and adapt to changing conditions can benefit from the dynamic opportunities emerging markets offer. Exploring emerging investment markets requires a balance of optimism and caution. By understanding the unique characteristics of each region and applying sound investment principles, investors can unlock significant growth potential while managing risks effectively. Whether through diversified funds or targeted sector plays, emerging markets remain a vital component of a well-rounded investment strategy. The Samso Way – Seek the Research Here at Samso, we pride ourselves on delivering content for investors that is independent and informed by over three decades of experience in the industry. We are always asking the question that may sound simple and irrelevant, but these are typically the ones that make sense to you, the one seeking the knowledge.   Our mission is simple:  cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso News Samso Insights There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018.

Coffee with Samso Episode 206: Understanding and Interacting with AI In this episode of Coffee with Samso , we explore a pressing question: Do we truly understand Artificial Intelligence (AI)? Are we simply accepting the term "AI" without grasping its complexities? This episode challenges us to think critically about what AI means for our future. After a short break to launch Samso News —our new platform that blends ASX announcements with the signature Samso blog style—we dive into the rapidly evolving world of artificial intelligence. The Transformative Power of AI In this engaging episode of Coffee with Samso , we focus on one of the most transformative forces of our time: Artificial Intelligence (AI) . Joining us is Eric Starling , Principal Innovation Advisor at Amazon Web Services (AWS) . With over two decades of experience in software design, innovation strategy, AI integration, and digital transformation, Eric is not just a technologist. He’s a builder, a thinker, and a translator between code and real-world outcomes. We sat down at the UWA Club on the grounds of the University of Western Australia for an honest, wide-ranging conversation that demystifies what AI is, how it works, and where it's taking us. Key Topics Covered in the Coffee with Samso on Artificial Intelligence Eric explains that AI systems, such as ChatGPT and Claude, do not “think” like humans. Instead, they learn from massive datasets , building probabilistic models to predict likely responses based on prior inputs. The analogy of “autocorrect on steroids” illustrates how large language models (LLMs) operate. For non-technical users, the rise of LLMs represents a paradigm shift. You no longer need to speak in code—natural language itself has become the interface. This accessibility is redefining who can build, create, and automate. Eric underscores the fundamental role that the internet and cloud computing play in powering AI. From petabytes of storage to globally linked data centres, AI's performance relies on a vast, interconnected ecosystem. A powerful analogy compares image recognition AI to showing a model 10,000 pictures of a cat. The model “learns” through exposure, not understanding. This highlights the difference between learning and cognition , a distinction often blurred in public discourse. We delve into agentic AI , which moves beyond chat interfaces into tools that can take actions, manage files, automate workflows , and simulate decision-making processes. This development is fueling a wave of innovation across industries—from grant writing to robotic inspection. AI Implementation: A Global Perspective We explore how AI implementation differs starkly between China and Western nations. In the West, commercial viability and public acceptance are major hurdles. In contrast, China’s top-down model has allowed for faster implementation, raising important questions about innovation, ethics, and regulation. Eric raises critical concerns about data control and digital identity . What happens when small AI companies are acquired or go bust? Where does your data go—your voice, your image, your interactions? The episode serves as a cautionary tale about uploading personal content without considering long-term implications. One of the most thought-provoking segments explores how AI may not replace actors or creatives but could radically expand who gets to produce high-quality content. Eric envisions a world where indie creators and hobbyists wield studio-level capabilities, disrupting traditional media from the ground up. Future Predictions for AI Eric offers predictions on how AI will evolve: A world filled with interchangeable micro-agents. Lower barriers to business innovation. Tools that assist—not replace—human creativity. A higher value placed on intention and authenticity in content creation. Eric notes that cognition remains the most misunderstood concept of AI. The tools may sound smart, but they don’t “know” anything. He also warns of the underappreciated risk of data misuse when using third-party AI services without considering data ownership. Concluding Thoughts on AI and Investment Opportunities This episode with Eric Starling serves as a reminder that Artificial Intelligence is not just a buzzword—it’s a structural shift . This shift is already changing how businesses operate, how services are delivered, and how value is created. For ASX investors , the real takeaway is this: AI is no longer confined to Silicon Valley or tech unicorns . It’s becoming embedded in sectors across the board—from mining and energy to biotech, financial services, and logistics. Companies that can leverage AI meaningfully—not just sprinkle it into their marketing decks—are likely to unlock productivity gains, margin expansion, and operational efficiencies that markets may not yet fully price in. Over the last few months, I have learned, and as Eric clearly articulates, not all AI is created equal. The true edge comes from owning your data , understanding the limitations of generative tools, and building AI agents that solve specific problems with clear intent . This is where discerning investors should pay attention: Is the company investing in capability, or just riding the narrative? We're also entering a period where content creation, compliance, customer service, and internal processes are being quietly transformed , especially in capital-light industries. In our view, the most investable opportunities on the ASX may come not from “AI companies,” but from traditional businesses that are applying AI in transformative ways . This conversation reinforces the fact that investors need to go deeper than headlines . Understanding where a company sits in the AI landscape—builder, adopter, or observer—could offer meaningful insight into future performance and resilience. The chapters below will help you navigate the Coffee with Samso, and I hope you find value in Eric's insights. Chapters: 00:00 Start 00:09 Introduction 02:50 Who is Eric Starling? 03:36 What is AI and What is Not AI? 05:44 AI language is now called English 07:55 AI is all about What is the “Internet”. 09:26 AI is about Learning and not Thinking. 13:07 AI needs data to “Think”. 14:40 Where does AI get its source of data? 17:18 Where are we at in terms of the AI Revolution? 20:30 What is the most Misunderstood of AI? 23:55 The Reasoning learning process of AI still needs existing data. 26:18 The least obvious profession that AI will replace. 31:32 Could the use of AI decrease the quality of content we accept? 35:55 The China vs. The West approach to AI implementation. 40:15 What does Eric worry about AI? 43:08 What could we see with AI in 5, 10, 15 years' time? 46:53 What are people not considering about AI? 49:34 The reality and danger of deep fakes. 51:47 The changing face of AI means we have to be educated about AI. 54:13 Last words on AI from Eric. 56:15 Conclusion. PODCAST The Samso Way – Seek the Research Here at Samso, we pride ourselves on delivering content for investors that is independent and informed by over three decades of experience in the industry. We are always asking questions that may sound simple and irrelevant, but these are typically the ones that make sense to you, the one seeking knowledge. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunities. Our content is well-researched and is only created if the team sees merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso News Samso Insights There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In life, there is no such thing as a free lunch. Happy investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page and give us a helping hand in any of the ways listed. This is a new initiative for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position, and particular or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to Your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better—and potentially more lucrative—investments. Click here to download this eBook . If you find this article informative and useful, please help me share the information. I try to write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Australia is a country rich in natural resources and investment opportunities. With its vast landscapes and diverse economy, it provides a compelling environment for both domestic and international investors. In this blog post, we will explore the various resources available in Australia and how they impact investment opportunities across the nation. Resources Investments in Australia Australia is known for its wealth of natural resources, from minerals and oil to agriculture and renewable energy. The mining sector, in particular, has been a significant contributor to the country's economy. According to Deloitte Access Economics, the estimated total (direct + indirect) value added from the mining & METS sector at approximately AUD 242 billion in 2019–20, equivalent to about 12.4% of GDP. This sector includes the extraction of valuable minerals such as iron ore, gold, coal, and natural gas. The value of exports from mining activities further demonstrates the significance of this sector. For example, in 2022, iron ore exports alone were valued at nearly AUD 133 billion, showcasing Australia's strong position in the global market. Investments in the mining sector provide substantial returns and contribute to job creation, economic growth, and infrastructure development. Mining site showcasing Australia's vast resources Key Resources Driving Investments Minerals Australia is the leading global exporter of several key minerals. As the world's largest producer of lithium, which is essential for battery technology, the demand for Australian lithium has skyrocketed with the rise of electric vehicles. This positions Australia as a critical player in the renewable energy revolution. Energy The country also possesses rich energy resources, including coal, natural gas, and renewables like solar and wind. Australia is the second-largest exporter of coal globally, which has historically contributed significantly to its GDP. However, there is a growing shift towards renewable energy investments as the world moves towards more sustainable sources. The government has made ambitious commitments to reduce carbon emissions, incentivizing renewable energy projects across the country. Agriculture Agriculture remains a fundamental part of the Australian economy. The country produces a wide range of products, including wheat, beef, and wool. Australian agriculture is characterized by high-quality products that enjoy strong demand in international markets. With advancements in agricultural technology, investments in this sector are becoming increasingly attractive. Wheat field showcasing Australia's agricultural potential Trends in Resource Investments A myriad of trends are influencing resource investments in Australia today. For investors, it's essential to stay abreast of these trends to make informed decisions. Sustainability and Green Investment Sustainability has become a major focus in the Australian investment landscape. Given global concerns about climate change, there is a shift towards investments that prioritize environmental responsibility. This shift is driving innovations in renewable energy technologies and leading to increased funding for sustainable practices across industries. Technological Advancements The introduction of new technologies, such as artificial intelligence and blockchain, is reshaping the investment landscape. In mining, for example, companies are exploring automation and data analytics to streamline operations and improve efficiency. Investors can benefit from opportunities that leverage these technologies for long-term growth. Government Policies and Incentives Government policies play a crucial role in shaping investment opportunities. Australia's government has been proactive in promoting foreign investment, particularly in the resources sector. The establishment of infrastructure projects designed to enhance transportation and accessibility boosts investor confidence. Various tax incentives and grants are also available, encouraging further investment in critical sectors. Solar panels showcase the transition to renewable energy sources Navigating Investment Opportunities For both seasoned and novice investors, understanding the landscape of resources and investments in Australia is critical. Here are some actionable steps to navigate these opportunities effectively: Conduct Thorough Research Before investing, it is essential to research market trends, potential risks, and sector performance. Use resources like the Australian Bureau of Statistics and industry reports to get a comprehensive understanding of the current market. Diversification of Investments Diversification is key to managing risk. Consider investments across various sectors such as mining, agriculture, and renewable energy to balance your portfolio. This strategy ensures that you are not overly reliant on a single sector's performance. Networking and Partnerships Building a network within the Australian investment community can open doors to new opportunities and insights. Consider joining local investment groups, attending seminars, or connecting with industry experts in your area of interest. Utilize Technology and Data Leverage technology to enhance your investment strategy. Tools that provide data analytics, market comparisons, and trend forecasts can help you make informed decisions and adapt your strategies accordingly. Be Mindful of Regulatory Changes Keep an eye on changes in legislation or regulations that may affect your investments. Governments can introduce new policies that could impact various sectors, so staying informed will allow you to adjust your investments in response. Investing in Australia’s rich resources can lead to substantial financial rewards. However, it is essential to approach the investment landscape with careful consideration, utilizing available resources to navigate this dynamic environment effectively. The opportunities are vast, and with the right strategies, investors can achieve remarkable success. Future of Resources Investments in Australia The prospects for Resources Investments in Australia look promising. As global demand for minerals and energy resources continues to grow, Australia remains a pivotal player in the international market. With the push for sustainability, there will be an increasing number of projects that focus on environmentally friendly practices. Adapting to market trends, such as the rise of green technologies and the increasing appeal of agricultural investments, will ensure that investors remain competitive. Additionally, incorporating innovative solutions—such as automation in the mining industry and advanced farming technologies—will further enhance the growth potential. The June 2025 Resources & Energy Quarterly projects total resource and energy export earnings to fall from A$385 billion in FY2024–25 to A$369 billion in FY2025–26, and further to A$352 billion in FY2026–27. But beneath that decline lurks strong growth in export volumes for high-demand minerals, helping sustain regional economies. Gold is set to become Australia’s third-largest resource export behind iron ore and LNG, with forecast earnings of A$56 billion in FY2025–26 —up from ~A$52 billion a year earlier. Production is expected to rise to 289 tonnes in 2025–26 and 313 tonnes in 2026–27. Copper exports  are projected to grow over 25%, reaching A$16.7 billion in FY2026 , and continue expanding to over A$18 billion by FY2027 , powered by demand from the EV and renewable energy sectors. In conclusion, the Australian resource sector is ripe with opportunities for ambitious investors. By understanding the intricacies of the market, being mindful of emerging trends, and navigating the investment landscape strategically, individuals and organisations can capitalize on Australia's abundant resources. Whether it's mining, energy, or agriculture, the possibilities for investment in Australia are extensive and promising. For more information on investing and resources in Australia, visit samso australia . The Samso Way – Seek the Research Here at Samso, we pride ourselves on delivering content for investors that is independent and informed by over three decades of experience in the industry. We are always asking the question that may sound simple and irrelevant, but these are typically the ones that make sense to you, the one seeking the knowledge.  Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Coffee with Samso Episode 207 is all about a misunderstood gold mining story in the midst of an unprecedented gold price rush. Gold producing companies are all buoyant and experiencing an emotional high on valuation. Shareholders fortunate to be on companies that are literally printing money are all in a state of euphoria, but in the middle of the rush, there is always some hidden value. The hidden value is typically brushed aside by the juggernaut of cash-producing gold miners speeding past the sights of investors. The big question that this episode of Coffee With Samso is addressing is whether Horizon Minerals Limited is that hidden value that astute investors should be looking at as a potential investment. Coffee with Samso: Building a Gold Company from the Ground Up. Guest: Grant Haywood, Managing Director & CEO – Horizon Minerals Ltd (ASX: HRZ) Location: UWA Club, Crawley, WA Introduction In this episode of Coffee with Samso, we sit down with Grant Haywood, an experienced mining engineer and the driving force behind Horizon Minerals Ltd (ASX: HRZ). With over 30 years of experience in the gold mining sector, Grant walks us through the evolution of Horizon Minerals from a small-scale developer into an emerging mid-tier gold producer in Western Australia’s Eastern Goldfields. Horizon’s Journey: From Merger to Momentum - A Gold Mining Story. Horizon was born from the 2019 merger of Intermin Resources and MacPhersons Resources. This strategic consolidation, followed by subsequent acquisitions—most notably Greenstone Resources and Poseidon Nickel’s Black Swan plant—has expanded the company’s resource base to over 1.8 million ounces of gold. Today, Horizon is producing gold from two key cornerstone projects— Booraara  and Burbanks —through third-party processing facilities while preparing its own Black Swan plant  for refurbishment and restart in 2026. Key Highlights from the Conversation Producing Now, Building for Tomorrow - Horizon is already generating revenue from Booraara (processed at Paddington) and Phillips Find (processed at FMR’s Greenfields plant). This cash flow helps reduce the capital needed for restarting their own plant. Undervalued in the Market? - At a market cap of ~$125M and a resource base of 1.8Moz, Horizon appears undervalued compared to peers, especially as it is already producing and generating cash flow. The Path to 100,000oz per Annum - With aspirations of reaching 100koz/year by late 2026, Horizon plans to use its own refurbished plant at Black Swan (acquired from Poseidon) to process ore from Booraara, Burbanks, and other satellite projects. Drilling to Grow: Burbanks in Focus - A major 30,000m drill campaign is underway at Burbanks, split evenly between infill and extensional targets. Only 25% of the current resource is in the Indicated category, so the objective is to upgrade classification and build reserves for future feed. The Silver Option – Nimbus - The Nimbus silver-zinc project (20Moz Ag, 104kt Zn) is a long-term optionality play. Environmental cleanup has been completed, and reclassification of the site is expected soon. Once permitted, a flotation circuit at Black Swan could enable cost-effective processing if silver prices justify it. Strategic Land Position - Horizon holds over 1,300km² of tenements around Kalgoorlie and Coolgardie. With ~$5M in annual expenditure commitments, the company continues to evaluate M&A opportunities and potential divestments. Near-Term News Flow Infill & extensional drill results from Burbanks September quarter cash flow from current production Black Swan plant refurbishment PFS (due Q4 CY2025) Mining studies to map feed sources for Black Swan Samso Concluding Comments I’ve been following Horizon Minerals for a while now, and sitting down with Grant Haywood really brought the story into focus. What I saw was a company that has quietly transitioned from being just another gold explorer to one that is genuinely producing—and doing so in a way that makes sense in the current gold environment. What stands out to me is the clarity of their strategy. Rather than rushing into big capex spends, Horizon is using third-party infrastructure to generate cash while carefully planning the refurbishment of the Black Swan plant. It’s a smart move. This kind of thinking—measured, practical, and value-driven—is what sets them apart from a lot of other emerging gold plays. They’ve set their sights on becoming a 100,000oz/year producer by late 2026, and from where I sit, that is achievable. The resource base is there. They’re mining. Cash is already flowing. And with drilling continuing at Burbanks and Booraara, the potential to expand and firm up long-term feed is only growing. There’s also a glaring disconnect between the market valuation and what the company has quietly built. I wouldn’t be surprised to see a rerate once the PFS for Black Swan is released and the market catches up to the fact that Horizon is well past the explorer stage. From an investment lens, what I see is a company with production, real optionality (think silver at Nimbus and even future nickel), and a near-term path to self-sustaining operations. The pieces are on the table. The next few quarters are all about execution—and in my view, that’s where Grant’s background in operations will be important. Remember, the devil is always in the details and having an operational thinking flag bearer like Grant will be very important. Click below to watch the Coffee with Samso and use the Chapters if you want to skip certain parts of the conversation. If you are just interested in listening to the Podcast, look below the chapters for just the listening experience. The chapters below will help you navigate the Coffee with Samso, and l hope you will all get some value from Grant. Chapters: 00:00   Start 00:10   Introducing Samso News and Episode 207 of Coffee with Samso 02:06  Grant Haywood and the Horizon Minerals Story. 05:07   The Burbank Asset Acquisition. 05:50   Horizon Business Case. 07:12   The undervaluation of Horizon Minerals. 09:07   Explaining Booraara as one of the two Key Assets for Horizon Minerals. 10:14   The Numbers and Upside for the Booraara Project. 11:38   The Strategy for the Recent Fund Raising. 15:34   Upside of the Poseidon Acquisition. 18:06   The Horizon Minerals Mining Strategy. 20:41   The Silver Story for Horizon Minerals. 24:15   Are there any issues with Haulage for the Black Swan Strategy? 26:58   Minimum Expenditure 27:25   News Flow 31:09   Key Highlights Investors should look out for? 33:27   Could Nimbus be a Positive or a Negative for the Horizon Story? 36:47   What should Investors Take away from this discussion?  37:21   Conclusion PODCAST The Samso Way – Seek the Research Here at Samso, we pride ourselves on delivering content for investors that is independent and informed by over three decades of experience in the industry. We are always asking the question that may sound simple and irrelevant, but these are typically the ones that make sense to you, the one seeking the knowledge.   Our mission is simple:  cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso News Samso Insights There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook . If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Announcement Ironbark scoping study highlights robust mining opportunity 12.5 Million Placement Positions GBR for Aggressive Resource Growth at Side Well. 8m @ 8.57g/t Au – Ironbark continues growing to the south. Drilling extends shallow strike over 200m at Side Well South Great Boulder Resources Ltd (ASX:GBR) has reached a major inflection point with the release of its Ironbark Scoping Study  on 17 July 2025. The study outlines a high-grade, open-pit opportunity delivering strong economics with a pre-tax NPV of ~$137 million and an IRR of 152%, based on a conservative two-stage mining model. With a modest capital start-up cost of just $3.1 million and a production target of 79,000oz, Ironbark now stands as a viable near-term mining opportunity. Importantly, the study does not yet account for recent high-grade step-out results, highlighting the clear upside that remains. This announcement follows a series of high-impact updates, including shallow strike extensions at Side Well South , new high-grade hits at Ironbark , and a $12.5 million placement  that has positioned GBR to aggressively expand resources and progress development work. With RC drilling underway at Mulga Bill and Ironbark’s footprint still growing, GBR is advancing its transition from explorer to future producer, firmly anchored by technical discipline and strategic execution. Figure 1: Great Boulder’s known deposits and other prospects at Side well (source: GBR) 1.0 12 June 2025 – Turning Shallow Hits into a Systematic Opportunity This announcement frames Side Well South as more than a one-off hit. The continuity of shallow, high-grade mineralisation over a growing strike length suggests a scalable gold system. The emerging linkage with the Golden Bracelet positions this zone as a potential early-stage feed source, reinforcing the broader development strategy at Side Well. Key Highlights RC drilling confirmed a 200m shallow strike extension of gold mineralisation at Side Well South, interpreted as a continuation of the historic Golden Bracelet lode. Key intercepts include (Figure 2): 9m @ 2.28g/t Au from 35m, including 1m @ 9.18g/t (25SWRC021) 4m @ 11.70g/t Au from 116m (25SWRC008) 4m @ 2.79g/t Au from 58m and 4m @ 1.32g/t Au from 67m (25SWRC011) Figure 2: Recent RC results at Side Well South (source: GBR) This is consistent with an Ironbark-style system—high-grade and close to surface. A 10-hole AC program at Saltbush was completed to support a maiden MRE. Additional 41 AC holes were drilled at Side Well South—results pending. Ironbark scoping study remains on track for delivery in early July. 2.0 13 June 2025 – Ironbark’s Southern Horizon Awakens Ironbark is evolving into a true cornerstone deposit. The southward step-outs, backed by solid intercepts like 8m @ 8.57g/t Au , push the known mineralisation envelope and strengthen the case for near-term development. The announcement reaffirms Ironbark’s role not just as a resource, but as a strategic cashflow engine in waiting. Key Highlights RC drilling has delivered another high-grade hit 65m south of the Ironbark MRE: ▸ 8m @ 8.57g/t Au from 92m, including 3m @ 19.57g/t and 1m @ 41.4g/t (25IBRC007) (Figure 3). This follows from May’s result of 8m @ 9.07g/t Au in 25IBRC004. The footprint of high-grade mineralisation now extends at least 85m beyond the current MRE boundary. The deposit remains open to the south and at depth, with step-out drilling continuing. Assays from additional holes are pending, with fieldwork and permitting progressing. A simple, tabular ore geometry and proximity to surface suggest Ironbark could be a key source of early-stage cash flow during future mine development. Figure 3: Recent RC results at Ironbark (source: GBR) 3.0 23 June 2025 – Funding the Transition: From Growth to Gold Mining Development . This raise marks a shift in tempo. The $12.5 million placement isn’t just about extending drill lines—it signals GBR’s readiness to pursue a resource growth campaign at scale. With new institutional support and runway to pursue studies, approvals, and aggressive drilling, Side Well is entering its acceleration phase with purpose. Key Highlights GBR secured $12.5 million in a strongly supported Placement at $0.061/share. The raise brings the Company’s cash balance to approximately $15 million. Funds will be used to: Fast-track RC and AC drilling at Ironbark, Side Well South, and Saltbush. Advance approvals and studies at Ironbark. Support geophysics, geochemistry, and target generation. The Placement attracted new North American institutional investors, increasing global visibility and confidence. GBR is targeting a 1Moz resource base, building on the current 668koz @ 2.8g/t Au MRE. Upcoming catalysts include the Ironbark scoping study and continued drill results. 4.0 17 July 2025 – Targeting High-Grade Core Growth + Ironbark Scoping Study Delivered . Great Boulder Resources has released the results of its highly anticipated Ironbark Scoping Study , confirming the strong development potential of the deposit as a short-mine-life, high-grade, open pit opportunity. The study adds significant weight to the Side Well Project’s emerging profile as a future standalone gold operation. Key Highlights Robust economics : Pre-tax NPV8 of ~$137 million and IRR of 152%. Modelled at a spot gold price of A$5,064/oz. Two-stage production target  totalling 1.26Mt @ 2.0g/t Au for ~79,000oz gold : Stage 1 : 648kt @ 1.4g/t for ~30,000oz. Stage 2 : 615kt @ 2.5g/t for ~49,000oz. Simple, tabular, steep-dipping geometry , ideal for open pit extraction. Pit optimisation based on A$4,000/oz gold , using a two-stage design. Initial capital expenditure of just A$3.1 million  for Stage 1 infrastructure. Study excludes recent step-out drilling , such as the 8m @ 8.57g/t Au hit 90m south of the MRE, underscoring further resource growth potential. Figure 4: IRONBARK STAGE 2 PIT DESIGN (ISOMETRIC VIEW) WITH OREBODY OVERLAY (ENTECH) (source: GBR) This scoping study, combined with ongoing RC programs at Ironbark and Mulga Bill, positions Great Boulder for a dual focus: near-term development and continued high-grade resource expansion (Figure 4). Great Boulder’s Managing Director, Andrew Paterson,  commented: “This is a fantastic result. We selected Ironbark as the subject of the first economic study within our Side Well Project because we can mine the deposit without interfering with ongoing work at the other deposits and prospects. In the longer term we anticipate this is just the beginning at Side Well, and we will be outlining a much larger, long-life mining opportunity with the work planned in the next 12 to 18 months. This clearly demonstrates the underlying value represented by Great Boulder.” “We are now progressing the various field studies required for mining approvals and processing. The hydrogeology work is underway, and we aim to have everything completed by the end of this year in order to lodge a mining approval application as soon as the Mining Lease is granted.” Samso Concluding Comments The Great Boulder story hinges on how it makes Side Well a mining proposition. Initially, there were just not enough ounces to project a coherent picture of a project maturing beyond early-stage exploration. With the current drilling campaign, backed by institutional funding to target the transition from scale definition to development strategy, the landscape for the company is dramatically changing. Mulga Bill, with its dense, high-grade core, remains a standout within the Side Well system. With focused infill and extension drilling now underway, GBR is chasing both ounces and optionality. Ironbark, meanwhile, continues to show potential as a launch point for production—its near-surface, high-grade geometry is tailor-made for streamlined development. For me, the optionality is about how Great Boulder can position itself for an M&A scenario, with the second prize of building a standalone gold mining business. The alignment of funding, drilling, permitting, and scoping work is simply getting the ball rolling, and with a buoyant gold price and a very excitable gold market, this makes perfect sense. It is all about laying the groundwork for a standalone, scalable production story in WA’s gold belt and letting all suitors out there know that they can make this happen, so if you want a piece of the action, come and talk to us. Figure 5: Great Boulder share price chart os of 1st August 2025. (source: commsec). With a market capitalisation of AUD51M and cash in the bank, this is a good one to do some serious DYOR. In fact, I could almost go as far as saying that it's almost a no-brainer. There is a big gold mining monster next door, and when GBR has ticked enough boxes, I am sure they will be coming for them. Great Boulder has nothing to lose, and at this moment, it is holding all the jokers. What the company does not want to happen is a softening of the gold price. One thing I know for sure is that with over 30 years in this industry, when the market thinks it has it all figured out, the opposite will happen. The Samso Way – Seek the Research Great Boulder’s progress is a reminder that strong projects are built on data and discipline. The Ironbark Scoping Study confirms real development potential, while ongoing drilling continues to add value. For those who do the research, GBR stands out as a gold story grounded in substance, not speculation. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees a merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.

Announcement QUARTERLY ACTIVITIES REPORT FOR THE PERIOD ENDED 30 JUNE 2025 Cyclone Metals Limited (ASX: CLE) has released its Quarterly Activities Report for the period ending 30 June 2025, and the Iron Bear Project is steadily ticking boxes. As readers will remember from our previous Samso News, the Iron Bear project is backed by a strategic partnership with Vale S.A. The quarter saw the completion of critical technical studies, advancement in metallurgical testing, progress across engineering and environmental baselines, and tangible steps toward the upcoming Scoping Study and PFS. For shareholders, Cyclone Metals is focusing on de-risking its flagship 16.6Bt Iron Bear Project  in the Labrador Trough (Figure 1). Figure 1: Iron Bear Project (source: CLE)   Cyclone’s CEO and Executive Director, Mr Paul Berend , highlighted the benefits of the collaboration with Vale in advancing the project: “It is encouraging to see the Project developing at a rapid pace with key de-risking milestones being achieved. He added, “We are confident that the Iron Bear Project will deliver substantial benefits for all the key stakeholders, including our shareholders and local communities, as we work closely with our partner Vale, to develop a sustainable mining operation powered by cutting edge technologies and renewable energy”. Cyclone has met all key Iron Bear milestones and is now preparing 2025 drilling to expand resources, while advancing dry tailings work to support in-pit rehabilitation and enhance project sustainability (Figure 2). Figure 2: Strategic Development Plan Iron Bear Project (source: CLE)   Highlights – Iron Key Bear Project - The Green Iron Ore Story. 1.0 Power Supply Study: Green and Economically Robust Hatch Ltd completed a conceptual power study  to AACE Class 5 standards, outlining staged renewable energy  solutions for the Iron Bear mine and concentrator complex. Three-phase power supply scenarios (10 Mtpa to 50 Mtpa) were modelled using blended hydro (Menihek, Churchill Falls) and wind energy. Phase 1 power unit cost estimated at just CAD 0.023/kWh, confirming cost-effective energy underpinned by green infrastructure (Figure 3). Total power CAPEX estimates range from CAD 1.6B (Phase 1) to CAD 4.4B (Phase 3). Figure 3: Iron Bear could operate with 100% renewable power (source: CLE) 2.0 Phase 4 Metallurgical Test Work Completed 17.7 tonnes of core sediment processed at the Quebec-based pilot plant  (Figure 4). Outputs included: 2.3t DR concentrate @ 71% Fe, 1.2% SiO₂ 3.5t BF concentrate @ 69.1% Fe, 3.5% SiO₂ 260kg DR pellets @ 68.4% Fe  with excellent metallisation and physical attributes. Recovery improvement: flotation yields lifted to 87–89%, well above the prior 80%. Figure 4: Selected drillhole collars for sampling campaign. (source: CLE)   3.0 Rail and Slurry Pipeline Studies Advance Simulation modeling completed to identify potential bottlenecks on existing rail infrastructure. Preliminary design and hydraulic modeling completed for the slurry and return water pipelines. Both rail and slurry studies feed into a broader internal trade-off study ahead of the PFS.   4.0 PFS Contracts and Additional Engineering Work Tenders issued and near award for: Main PFS Pelletising Study Marketing Study (Phases 1 & 2) Dewatering, drying, and dry tailings stacking testwork underway. Conceptual mine planning initiated using latest resource model.   5.0 Environment & Community Engagement Environmental and social work packages awarded to Sikumiut Environmental Management Ltd.  (physical environment & permitting) and Transfert Environnement et Société  (social integration). In-field surveys completed in June 2025: Focused on species at risk and biodiversity Surface water quality and flow regime monitoring installed, with two more survey visits planned in Q3–Q4 2025.   6.0 Financial Overview Cyclone had $1.3M  in cash at 30 June 2025. Reimbursement of $1.2M  from Vale for Q1 operational costs. Iron Block 103 Corporation (CLE’s Canadian subsidiary) held $5.2M in cash, with an additional US$5M  received 3 July 2025 from Vale per the development agreement. CLE also holds ASX-listed equity investments totalling ~$6.7M .   7.0 Update on Other Assets Before Cyclone took on Iron Bear, the company portfolio had a mix of Australian and projects in New Zealand projects. The projects are primarily exploration in nature, and in light of the value of Iron Bear, these projects have taken a back seat to exploration activities. 7.1 New Zealand – Grand Port Projects (Figure 5) Sampling completed at Drybread (797 samples) and Waikerikeri (662 samples). Passive seismic (Tromino) geophysical surveys completed to support structural interpretations. Progress continues at Muirs and Mareburn tenements; geological modelling commenced at Muirs. Figure 5: Location of Grand Port Projects, situated in premier gold production districts. (source: CLE) 7.2 Australia – Wee Macgregor and Lady Ethleen (QLD), Nickol River (WA) Cyclone retains 20% interest in Wee Macgregor (Cohiba earning 80%). The Lady Ethleen tenement continues to be evaluated following prior GlyLeach™ trials. CLE continues to assess options for Nickol River, including JV or divestment strategies (Figure 6).  Figure 6: Nickol River Project tenements, located 10km east of Karratha in the West Pilbara of Western Australia (source: CLE) 8.0 Corporate Updates Shareholder Meeting held 5 June 2025: all resolutions passed. Multiple share and performance rights transactions completed, including: Issuance of ~14.1M shares and 2M performance rights (converted to shares). Options (CLEO) began trading on ASX in May 2025. Quarterly spend: $198K exploration (mainly NZ) $390K admin and corporate cost $1.2M reimbursed by Vale   Samso Concluding Comments Cyclone Metals is quietly shaping the Iron Bear Project into a credible green-aligned iron ore story on the ASX. Cyclone is showing the market that it is ticking the boxes that the company said it would do, in the process giving the market confidence that this is more than just talk. As an early shareholder, whenever I explained this story, I was consistently being rebuffed on its significance and ability to have market acceptance.  Figure 7: Cyclone Metals Limited share price chart as at 28th July 2025. (source: commsec) The cost metrics revealed in the power study are compelling. A CAD 0.023/kWh energy input for Phase 1 puts Iron Bear firmly into the lower quartile for energy costs, critical for high-margin DR pellet production. From a metallurgical standpoint, the test results validate Iron Bear’s feed quality and processing potential and further support its low-carbon credentials. In addition, the standout power study is not just the numbers, although sub-CAD 0.025/kWh is impressive—it’s the execution. Partnering with Hatch, designing around Menihek and Churchill Falls, and mapping out three scalable phases signals a strategic, long-game mindset. It’s clear Cyclone is building a project that aligns with where the global steel industry is heading. For investors, this report reinforces CLE’s transition into a technically and financially supported iron ore development company. The next major catalysts will be the release of the Scoping Study, finalisation of the rail and slurry studies, and the kickoff of the Pre-Feasibility Study. This level of momentum, especially when paired with ESG-aligned infrastructure and community engagement, is not common for a junior iron ore developer. Vale’s presence in the background should not be overlooked or forgotten. Their funding and technical support de-risk the path to production considerably. This level of validation, along with the progressive test work and near-term Scoping Study, means the pieces are coming together with a high degree of intentionality. For investors, this is a time to consider how early de-risking—in metallurgy, infrastructure, and ESG—can be a value unlocker in this cycle. Iron Bear may not be front-page news just yet, but if the current momentum holds, that won’t be the case for long. For me, the Cyclone story has always been about execution, and at this stage, Cyclone appears to be aligning the right pieces on that front.   The Samso Way – Seek the Research At Samso, we believe this is the phase where real value begins to crystallise. The iron ore market is changing, and companies that position themselves early in the low-carbon supply chain, supported by strong partnerships and rigorous planning, could be tomorrow’s strategic winners. Keep your eye on the detail—and always seek the research. Our mission is simple: cut through the noise and spotlight what matters—genuine stories, grounded insights, and real opportunity. Our content is well-researched and is only created if the team sees merit in discussing the company or concept. Investors can explore our three core platforms: Coffee with Samso Samso Insights Samso News There may be numerous paths to success in investing, but the common thread among successful individuals is that they remain committed to making informed decisions. Equip yourself with the right knowledge and tools, and you will be well on your way to achieving your financial goals. Most importantly, investors need to be absolutely diligent in understanding their own risk-reward tolerance and capabilities. Never bite off more than you can chew. As they say, Rome wasn’t built in a day, and the Great Wall stood because it took centuries to complete. The Samso Philosophy: Stay curious. Stay sharp. And remember—digging deeper always uncovers the real value. In Life, there is no such thing as a Free Lunch. Happy Investing, and the only four-letter word you need to know is DYOR. To support our independent nature of our work, please head over to our Support Page  and give us a helping hand in any of the ways listed. This is a new initiate for the Samso Platform, and it was always the concept of Samso when we started this journey in 2018. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.   Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments.   Click  here to download this eBook . Download eBook If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au . About Samso Samso  is a trusted platform that equips dedicated investors with up-to-date industry knowledge and insights from top CEOs and thought leaders. By staying informed on business advancements and market trends, investors can enhance their financial decisions through a combination of expert guidance and their own research.