Samso Australia is committed to ensuring your personal information is professionally managed. Our privacy policy is to provide information to you on how your personal information is collected and used within Samso Australia, and the circumstances in which we share it with third parties. Privacy Policy Samso Australia | Privacy Policy 25 June 2020 Samso Australia is a digital relations services company. Samso's core service "Coffee With Samso " includes a set of industrial leader conversations so that your ASX company brand can be more visible to investors. Samso Australia is committed to ensuring your personal information is professionally managed in accordance with all Australian Privacy Principles (APPs). This privacy policy is to provide information to you on how your personal information is collected and used within Samso Australia, and the circumstances in which we share it with third parties. What personal information we collect and why Samso Australia handles all personal data in accordance with applicable personal data laws. When a user completes an online form for subscriptions or for free download of material that we share on the Samso Australia website, such customer or user consents to the processing of their personal data by Samso Australia in accordance with the purpose for which the data was provided. The information we collect and hold generally includes: Name, company, address and contact details. Data from customer surveys, subscriptions or newsletters. Data from Samso social media and other digital platforms. How we use your personal information We use the information we collect for the purpose disclosed at the time of collection or otherwise as set out in this Privacy Policy. We will not use your personal information for any other purpose without first seeking your consent, unless authorised or required by law. 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Echo IQ Limited (ASX: EIQ) Echo IQ Limited (ASX: EIQ) is an Australian-based medical technology company focused on artificial intelligence solutions for cardiac diagnostics. The company’s core product is EchoSolv, an AI-driven decision support tool designed to assist clinicians in detecting structural heart disease using echocardiography. The technology aims to reduce misdiagnosis and improve clinical workflow efficiency. Echo IQ has achieved key regulatory milestones, including FDA clearance in the United States. The company is progressing commercialisation through strategic partnerships, including its collaboration with the Mayo Clinic. Echo IQ is positioning itself within the growing digital health and AI diagnostics sector, targeting improved patient outcomes and more efficient healthcare delivery. Read More

Samso is an independent research media house producing depth-led video and written content on ASX-listed companies. We exist to create the research that helps listed businesses brand their story to investors who want to understand what matters. Renewable Energy Media & Technology Media & Technology Industrial & Business Services Healthcare Financial Services Metals and Mining Investor interviews and briefings with industry leaders from the media and technology sectors. Investment Thoughts What Is a Token in AI? The Jargon of AI Explained for Investors A token is a small piece of a word, and AI bills everything in tokens. Part 1 of The Language of AI decodes the industry’s jargon for investors in plain English. Noel Ong 3 days ago 17 min read How to Buy the AI Build-Out on the ASX — semiconductors, data centres, and the vector-database gap Where an ASX investor can actually buy the AI build-out: semiconductor and data-centre stocks explained, plus why there's no ASX vector-database play. Noel Ong Jul 30 12 min read The Paradox: The Price Fell, The Bill Rose - AI Agent Economics AI's inputs got over 99% cheaper, yet AI bills keep rising. A plain-English guide to agentic AI economics, and the one cost test investors should apply to any AI story. Noel Ong Jul 26 9 min read Monvia Ltd (ASX: MNV) IPO: Life insurance software veteran lists on the ASX with a $17.5 million raise Monvia is behind the core systems of some of Australia's largest life insurers hit the boards at midday, priced at $1.10 a share and valued at approximately $103.5 million at the offer price. Noel Ong Jul 24 9 min read Echo IQ: A Fully Funded, FDA-Cleared Cardiac-AI Company Scaling EchoSolv into the US Discover how Echo IQ, a leading cardiac-AI company, is advancing in the US market with its FDA-cleared EchoSolv technology. Explore Echo IQ's innovations now! Noel Ong Jul 10 12 min read When the Smartest AI Model Is Worth the Least At SuperAI 2026, a European lab, a Chinese lab, and a veteran investor agreed the AI frontier has quietly moved — away from topping benchmarks, toward owning deployment, distribution, and the ground beneath the tokens.A panel discussion, moderated by Zixuan Li (Head, Z.ai), with:Geoff Soon, Mistral AI · Cherie Shi, MiniMax · Hemant Mohapatra, LightspeedSuperAI 2026 · Marina Bay Sands, Singapore · 10 June 2026For a few years, the word frontier had a simple meaning in artificia Noel Ong Jul 6 11 min read When the Web Learned to Lie: AI Agents A radio hoax fooled millions in 1938. Nearly ninety years later, the things being fooled aren't human — and the web is quietly feeding them poison. Adapted from a talk by Ariel Shulman, Chief Product Officer, Bright Data SuperAI 2026 · Marina Bay Sands, Singapore In 1938, Orson Welles stepped up to a radio microphone with no television, no internet, and no special effects beyond a few sound cues. He convinced millions of listeners that Martians were invading Earth. War of th Noel Ong Jun 25 11 min read Echo IQ – EchoSolv AS Enters Mount Sinai Health System Samso has been following the Echo IQ since September 2025. The research that went into preparing for the first Coffee with Samso with Dustin Haines was the eye opener for myself. It became very clear that this was a business that just needed validation and the first was the FDA submission which I now understand is not something that is caually done. The proecess and the acceptance of the request for approval in itself was a strenous process and is almost a tick of approval Noel Ong Apr 30 7 min read AI and The NVIDIAs AI Revolution – Why This Story Is Much Bigger Than a Chip Company. I started to look at the world in Artificial Intelligence (AI) seriously 12 months ago with a trip to the SuperAI Conference in Singapore in 2025, an event that I will be attending again this year on the 10th and 11th June 2026. As part of the AI revolution for the Samso Platform, I hunted for practitioners of the industry to get on a Coffee with Samso to just give us the "AI for Dummies" approach to start our journey into AI. Noel Ong Apr 27 13 min read Echo IQ – AI Diagnostics, Mayo Clinic & Hypergrowth This Coffee with Samso conversation with Dustin Haines from Echo IQ Limited (ASX: EIQ) reinforces a clear investment narrative: this is not just an AI story, but a data-driven healthcare business building a scalable diagnostic platform anchored in real clinical need. Noel Ong Apr 16 4 min read archTIS Awarded US/EU Alliance Contract, Provides DoD Update archTIS Limited (ASX: AR9) operates in a specialised segment of the cybersecurity market focused on data-centric security for government, defence, and regulated industries. The Company’s positioning within Zero Trust architecture and attribute-based access control (ABAC) environments places it in a sector where procurement cycles are long and compliance standards are strict. Noel Ong Mar 5 6 min read Adisyn Demonstrates 20dB Radar Signature Reduction with Graphene Samso has had a late entry to looking at looking at G11 Resources Limited (ASX: G11) as it explores for copper and gold within Tasmania’s Mt Read Volcanic Belt, a region that hosts the Mt Lyell Copper-Gold Mine and several other base metal and gold deposits. The Company’s focus is on structurally controlled mineralisation along the Great Lyell Fault, which is the main structural control to the Mt Lyell ore system. Noel Ong Mar 4 7 min read Adisyn Limited — A New Leader - A Semiconductor-Focused Business - - Is this Perfect Timing for New Investors? Adisyn Ltd (ASX: AI1) is advancing a graphene-based semiconductor technology platform through its wholly owned subsidiary, 2D Generation (2DG), supported by international research collaborations across Israel, Europe, and the United States. The Company’s core development work focuses on low-temperature graphene deposition processes designed for compatibility with existing semiconductor manufacturing environments. Noel Ong Feb 11 5 min read Adisyn Limited — Technical Validation, Strategic Focus, and Capital Reallocation - A Semiconductor Story Adisyn Ltd (ASX: AI1) is advancing a graphene-based semiconductor technology platform through its wholly owned subsidiary, 2D Generation (2DG), supported by international research collaborations across Israel, Europe, and the United States. The Company’s core development work focuses on low-temperature graphene deposition processes designed for compatibility with existing semiconductor manufacturing environments. Noel Ong Jan 13 6 min read archTIS Limited - U.S. Department of Defense Progress Signals Strategic Momentum - A Definte SamsoDYOR for Positioning Potential Upcoming Growth in Sales. archTIS Limited (ASX: AR9) has provided a detailed update on its progress with the United States Department of Defense (U.S. DoD), highlighting the successful production deployment of its NC Protect software within the Microsoft DoD365 environment. The update also outlines renewed licenses, customised development work, and new non-dilutive funding aimed at accelerating U.S. market penetration. The core activities are centred in the United States, with archTIS headquartered in Noel Ong Jan 8 6 min read 1 2 3 4 5

Samso Australia is committed to ensuring your personal information is professionally managed. Our privacy policy is to provide information to you on how your personal information is collected and used within Samso Australia, and the circumstances in which we share it with third parties. The Samso Editorial Charter Samso Australia | Editorial Charter 27th May 2026 How we decide what to publish, how to label it, and what to disclose This Samso Charter is the binding internal standard that governs every piece of content Samso publishes, regardless of how the work was funded. It is published in full so that readers, members, and prospective members can see exactly what we hold ourselves to — and so that anyone who finds Samso falling short can hold the published commitments up against the work. Preamble - What This Charter Is and Is Not The Samso Charter is binding. Every Samso piece — Coffee with Samso, Samso News, Samso Insights, Samso Amplification, and any future format — is produced to it. The standards apply equally to Independent Coverage (where the subject pays no fee) and to coverage produced for Samso Members. Where the Charter and any other agreement, expectation or convenience are in tension, the Charter wins. The Charter is not a guarantee of accuracy. We do our best. We will sometimes be wrong. When we are, we correct the record visibly and on the record — see the Corrections section below. The Charter is also not financial advice; nothing on the Samso platform is. We publish research and education. Investors are expected to do their own work. The Six Commitments 01. Disclosure Every Samso piece carries a label at the top stating how it came to exist. Independent Research means Samso chose the subject and no fee was paid by the subject. Samso Member — Essential, Samso Member — Growth, and Samso Member — Strategic mean the subject is a current member of the Samso Membership programme at that tier, and that the piece was produced under the editorial terms of that membership. The label is non-negotiable. A piece cannot be published without one. Readers always know which path produced what they are reading. The current register of members is at samso.com.au/disclosures and is referenced from every member-tier piece. 02. Membership buys access, not opinion Where a company joins the Samso Membership programme, the fee covers Samso’s research effort, the access required to deliver the work at depth, scheduling priority, and a place in the distribution footprint. It does not cover the conclusion. Risks are weighed, claims are checked, opinions remain Samso’s. Editorial control rests with Samso. Concretely: a member does not have approval rights over a piece’s framing, the questions asked, the risks named, or the conclusions drawn. A member has the right to review the piece for factual accuracy of objectively-verifiable claims (project specifications, dates, mineral grades, financial numbers as filed) before publication. A member does not have the right to require softening of editorial judgement or removal of risk discussion. If a member finds the Charter’s terms unworkable, the right course is not to join. We say this plainly during the first conversation. 03. Both sides addressed Every company review must address both the upside thesis and the principal risks. A piece that does only the upside is not Samso research, regardless of whether it carries the brand. The risks named will be the risks that materially affect the investment case — not boilerplate disclaimer language. What this looks like in practice: a Coffee with Samso about a single-asset exploration company should address grade and continuity risk, permitting, financing, and the realistic execution path — not just the deposit. A Samso Insights piece on a commodity bull case should address the demand assumptions, supply response, and the macro conditions that could invalidate the thesis. 04. Claims checked, not repeated Claims made in ASX announcements are framed, contextualised against the sector and the cycle, and questioned where they warrant questioning. Samso does not reproduce a press release. We read it, place it in context, and assess what it does and does not establish. For technical claims (geological, scientific, engineering), Samso draws on the founder’s thirty-plus years of geological practice and, where useful, brings in external specialists with named relevant expertise. For financial claims, we work from filed numbers — not derived investor presentations — and we are explicit about the difference. Where a claim is contested in the public record (analyst notes, regulator filings, prior history), we say so. 05. Holdings and exposures disclosed Where Samso, Noel Ong personally, or any close associate has a holding, exposure, or prior commercial relationship with a subject — current or historical — the disclosure is made at the top of the piece and is also recorded on the Disclosures page. ‘Holding’ is read broadly: equity, options, convertible notes, or any other security in the subject; founder, director or adviser positions held by Noel within the past three years; family-office or trust interests known to Samso. ‘Exposure’ includes commodity exposure where Samso is materially long or short a commodity that the subject’s project produces or consumes. When in doubt, we disclose. 06. Not financial advice Samso publishes research and education. Nothing on the Samso platform is, or should be construed as, personal financial advice. Investors are expected to do their own work, including taking advice from a licensed adviser appropriate to their circumstances. We provide depth, not direction. We will explain a thesis, weigh it against its risks, and tell you what we find compelling and what we find unresolved. We will not tell you to buy, sell, or hold. Editorial Disagreement Procedure Step 1: Pre-publication review for factual accuracy The member receives the piece in draft. They may flag any objectively-verifiable factual errors. Samso reviews each item and corrects what needs to be corrected. The member does not see editorial framing, questions or conclusions for approval — only the facts to be checked. Step 2: Editorial judgement remains with Samso If the disagreement is about framing, emphasis, the inclusion of a risk, or the substance of a conclusion, Samso’s judgement is final. The piece is published. The member may, if they wish, have a brief response statement noted in the piece or appended to it — clearly labelled as the member’s response. Step 3: If a member chooses to leave A member is free to terminate membership at any time. Termination does not retract published work — doing so would undermine the credibility of every piece on the platform. The member is moved from the active register to the historical register on the Disclosures page, dated. Reader Objections Reader objections to coverage are handled separately. A reader who believes a piece falls short of the Charter can raise it via the channels at the foot of this page. Reader objections that identify substantive Charter breaches are investigated; outcomes are recorded in the Corrections section. Corrections When Samso publishes something materially wrong — a factual error, a misattributed claim, a number that turns out to be incorrect, an interpretation that does not survive new information — we correct it visibly and on the record. Corrections are appended to the original piece, dated, and listed on a public Corrections page. Material errors are corrected within five business days of being identified. Non-material corrections (typos, minor wording) are made silently. The distinction is whether a reasonable reader’s understanding of the piece would change. Charter Version History This Charter is versioned. The current version is shown at the top of this page with its effective date. Material changes are listed in a public changelog below. ‘Material’ means any change to the six commitments, the editorial disagreement procedure, or the disclosure standards. Editorial copy-edits to the Charter that do not change substance are not versioned. Contact for Charter matters Reader objections, requests for clarification on how the Charter was applied to a specific piece, and proposed amendments can be sent directly to Noel: noel.ong@samso.com.au , subject line ‘Editorial Charter’. Contact Us Dsiclaimer

Pioneer Minerals Limited (ASX:PMM) Pioneer Minerals Limited (ASX: PMM) is a globally focused exploration company targeting critical minerals, with a strategic emphasis on uranium and lithium. The Company’s project portfolio spans key jurisdictions across Namibia, the United States, and Canada, positioning it to capitalise on growing demand for clean energy resources. Pioneer’s flagship Skull Creek Uranium Project in northwestern Colorado covers approximately 15.5 km² across 114 unpatented mining claims. I In southern Namibia, the Warmbad Uranium Project extends over 271 km² within the uranium-rich Namaqua Metamorphic Complex, a region recognised for its highly prospective granitic systems. In Canada, the Company holds the Root Lake Project, encompassing approximately 1,927 hectares in Ontario, located around 100 km north of Sioux Lookout and benefiting from excellent access via established road infrastructure. Additionally, the Benham Lithium Project in Ontario consists of 30 claims totalling approximately 1,245 hectares, strategically positioned along a fertile greenstone belt near the Ghost Lake Batholith—an area prospective for lithium-bearing pegmatites. Through its diversified asset base and focus on high-demand energy transition commodities, Pioneer Minerals Limited aims to deliver long-term value through discovery and development. Read More

Samso is an independent research media house producing depth-led video and written content on ASX-listed companies. We exist to create the research that helps listed businesses brand their story to investors who want to understand what matters. What Members Say About Samso Research Below: voices from ASX management teams who have been the subject of Samso research, and from readers who use Samso research as part of their own work. We publish both because both matter — what subjects say about being engaged at depth, and what readers say about the quality of the resulting work. From Management Teams Covered “Samso Media is a great platform to get our story across. It is always a pleasure sitting down with Noel. His passion for what he does is obvious, and I always appreciate an in-depth conversation with someone who puts in the background work to understand our business, the industry and the markets.” — Brad Valiukas, Managing Director, Kaiser Reef Limited (ASX: KAU) “Through Coffee with Samso, Noel Ong provides a thoughtful and balanced platform for companies like OD6 to communicate their story. His ability to translate complex technical concepts into clear, investor-focused insights — while maintaining an objective and measured view — sets Samso apart in a market often driven by short-term narratives.” — Brett Hazelden, Managing Director, OD6 Metals Limited (ASX: OD6) “Noel and the team are very professional and balanced. He always focuses the conversation on the important areas of business that matter most to investors. Noel has a great way of making the conversation relaxing yet educational.” — Dustin Haines, CEO, Echo IQ Limited (ASX: EIQ) Investors can make a well-rounded, informed decision with Blackstone Minerals Ltd (ASX:BSX) Client testimonial from Scott Williamson - Investors can make a well-rounded, informed decision with Blackstone Minerals Ltd (ASX:BSX) Apr 29, 2023 3 min read Poseidon Nickel Limited (ASX:POS) enjoys Samso's far-reaching and in-depth interviews Client testimonial from Peter Harold Poseidon Nickel Limited (ASX:POS) enjoys Samso's far-reaching and in-depth interviews Apr 29, 2023 3 min read Get deep insights into the mind of Warriedar Resources Limited (ASX: WA8) Client Testimonial from Amanda Buckingham, Warriedar Resources Limited (ASX: WA8) - an opportunity to discuss your project Apr 28, 2023 3 min read Mount Ridley Mines Limited (ASX: MRD) likes getting straight to what matters to investors Client testimonial from Guy Le Page -Mount Ridley Mines Limited (ASX: MRD) likes getting straight to what matters to investors Apr 27, 2023 4 min read An efficient interview style allows Cyprium Metals Limited (ASX:CYM) to fully explain the details Client testimonial from Barry Cahill - An efficient interview style allows Cyprium Metals Limited (ASX:CYM) to fully explain the details Apr 23, 2023 4 min read Drilling into details and a genuine interest in Cooper Metals Limited (ASX:CPM) Drilling into details and a genuine interest in Cooper Metals Limited (ASX:CPM) Client Testimonial from Ian Warland on Coffee With Samso Jun 6, 2022 2 min read Giving investors the opportunity to understand Venture Minerals Limited (ASX:VMS) well Client testimonial from Andrew Radonjic - Giving investors the opportunity to understand Venture Minerals Limited (ASX:VMS) well Jun 6, 2022 2 min read Samso's long-form format helps Critical Resources Limited (ASX:CRR) go in depth Client testimonial from Alex Biggs - Samso's long-form format helps Critical Resources Limited (ASX:CRR) go in depth Jun 6, 2022 2 min read Customising the experience for Tempest Minerals Limited (ASX:TEM) Client testimonial from Don Smith - Customising the experience for Tempest Minerals Limited (ASX:TEM) - authentic natural conversation Jun 6, 2022 2 min read 1 2 Testimonials

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Samso News is a blog style review of news that are released from ASX companies. The Samso version brings clarity to readers on what is the messaging in the ASX release. In the Samso style, the review also brings in a balanced approach to the commercial potential of the news. ​The Samso News allows audiences to read the technically driven information as a blog review with practical conclusions that make sense. Samso News Making News Simple An Interpretation of ASX News Making News Simple Understanding Company ASX Announcements Samso News is al about Making News Simple. We achieve this effect with Samso's blogging style. With over 30 years of industry experience, the reader will be exposed to insights unparallel in other form of media. Samso News bring clarity to readers when they are trying to understand the messaging within ASX announcements. In the Samso style, the review also brings in a balanced approach to the commercial potential of the news. Samso News allows audiences to read the technically driven information as a blog review with practical conclusions that make sense. As we are continuing to provide content as an independent platform for investors, we need your support to keep providing the Samso content. Please click on the button below to support us in any of the methods described. Support Samso Tusker Minerals Sharpens Focus on Rutile and Heavy Mineral Sands as it Divests Machinga Rare Earth Project Discover how Tusker Minerals is shifting focus to rutile and heavy mineral sands while divesting the Machinga Rare Earth Project. Explore Tusker Minerals' strategic moves now! 4 days ago OD6 Metals (ASX: OD6) Completes Acquisition of District-Scale High-Grade Quinn Fluorspar Project in Nevada OD6 Metals (ASX: OD6) Completes Acquisition of District-Scale High-Grade Quinn Fluorspar Project in Nevada 5 days ago US shuts the back door on Chinese defence metals, and Australian tungsten is suddenly in play Washington has set a hard deadline of 1 January 2027. Australian producers are on the right side of it, but only if they can prove where every gram came from. Australian critical minerals producers have been handed their clearest opening yet into the United States defence supply chain, after President Trump signed an executive order closing the loophole that let American contractors keep buying Chinese magnets, tungsten and tantalum. Executive Order 14415, signed on 20 July 2 7 days ago Iron Bear Resources (ASX:IBR) Maiden PFS: A 3.3 Billion Tonne Ore Reserve, a US$ 9 Billion NPV, and What It All Means Iron Bear Resources has released its first Pre-Feasibility Study for its namesake magnetite project in Canada's Labrador Trough, together with a maiden Ore Reserve of 3.3 billion tonnes. Jul 31 Inside the Gwardar Resources IPO: Two historic goldfields, one new float Explore the Gwardar Resources IPO as they aim to raise $6M for gold and copper exploration in WA's historic fields. Discover Gwardar Resources IPO details. Jul 28 Ceretas IPO: A portable ultrasound headset for Alzheimer's lines up for the ASX Brisbane biotech Ceretas is seeking $8 million to take a decade of University of Queensland brain research from the lab bench to the clinic. Jul 27 Monvia Ltd (ASX: MNV) IPO: Life insurance software veteran lists on the ASX with a $17.5 million raise Monvia is behind the core systems of some of Australia's largest life insurers hit the boards at midday, priced at $1.10 a share and valued at approximately $103.5 million at the offer price. Jul 24 Elk Range Mining IPO: Advancing a district-scale Idaho gold portfolio Elk Range Mining lists on the ASX to advance a district-scale Idaho gold portfolio Jul 22 Alurion Resources IPO: A BRE Spin-Out Brings a 568 Mt Brazilian Bauxite-Gallium Project to the ASX Discover the Alurion Resources IPO, a unique ASX float backed by a 568 Mt Brazilian bauxite-gallium project. Learn about Alurion Resources IPO now! Jul 21 Aureka Limited – A 455koz Inferred Gold Base, a Shoestring Restart at Comstock, and the Question of Who Pays for It Aureka Limited (ASX: AKA) is a serious greenfield explorer chasing million-ounce potential in the Stawell Corridor, and a fast-to-market, minimal-footprint gold producer at a previously mined pit two kilometres north of the township of St Arnaud. Jul 20 Lion Rock Minerals (ASX: LRM): A Rutile-Rich Corridor Emerges Across 130 km² at Cameroon's Minta Project Lion Rock Minerals Limited (ASX: LRM) has delivered the results of its completed drilling hand-auger campaign at Mboma and Loum, two priority zones within the 8,800 km² Minta Rutile & Monazite Project in central Cameroon. Jul 15 OD6 Metals (ASX:OD6): High-Grade Sampling Results and an 8 km Corridor Build the Quinn Fluorspar Case Discover the latest high-grade sampling results from OD6 Metals, as they reveal an 8 km corridor at Quinn Fluorspar. OD6 Metals is a first-mover in US fluorspar. Jul 14 Miramar Resources: A Kalgoorlie Gold Explorer Doubles Its Gidji Exploration Target Discover how Miramar Resources has doubled its Gidji Exploration Target. Learn more about Miramar Resources' significant gold exploration Jul 13 Echo IQ: A Fully Funded, FDA-Cleared Cardiac-AI Company Scaling EchoSolv into the US Discover how Echo IQ, a leading cardiac-AI company, is advancing in the US market with its FDA-cleared EchoSolv technology. Explore Echo IQ's innovations now! Jul 10 The Science Beneath the Announcements: ISMUMS2026, Critical Metals, and Why Independent Research Matters on the ASX The world's best minds in magmatic ore deposits just spent a week in Perth. Most ASX investors never heard about it and yet their portfolios are built on the science discussed in that room. ISMUMS2026 covered the mineral systems behind Ni, Cu, Co, PGEs, V, Ti and Cr: the metals of the energy transition, and the bread and butter of the ASX junior sector. Samso's job is to carry that knowledge across the gap as research, not promotion, for investors who want to understand t Jul 9 1 2 3 4 5 "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 . Be a Samso Member All investors can subscribe to the Samso platform. For the bold and dedicated investor, give your investment journey a competitive advantage with a subscription that takes you further by providing timely information and updates from important companies that are making a difference. You can also opt to access only select articles based on your unique investment needs. Get Free Alerts To Samso News Support Samso

Coffee with Samso, Rooster Talks and Insight interviews with industry leaders from the industrial and business services sectors. Industrial & Business Services Photo Credit: Shane McLendon Renewable Energy Media & Technology Industrial & Business Services Healthcare Financial Services Metals and Mining Investor interviews and briefings with industry leaders from the industrial and business services sectors. Investment Thoughts Boresight (ASX: BST) IPO: Inside the Counter-Drone Float Boresight Ltd (proposed ASX: BST) is a Canberra-based defence-tech company listing on the ASX on 10 June 2026, having raised $8m at $0.20 per share. What makes it stand apart from the usual micro-cap float is simple: it already sells things to real customers. This is not a concept or a drill target — it’s an operating manufacturer with revenue, a product range, and a foothold inside allied militaries. Ephrem Joseph Jun 9 11 min read AML3D Secures ~$1.7 Million ARCEMY® X Order from US Defence and Industrial Supplier AML3D Limited (ASX: AL3) has announced a significant new order for its flagship ARCEMY® X metal additive manufacturing system (Figure 1), valued at approximately A$1.69 million. The system has been purchased by FasTech LLC, a US-based supplier servicing the Defence, Aerospace, Energy, and other high-demand industrial sectors. The ARCEMY® X will be delivered and supported through AML3D’s US Technology Centre located in Stow, Ohio. Noel Ong Dec 9, 2025 6 min read AL3 lands ~$4.5m ARCEMY® order from HII’s Newport News Shipbuilding - Building for the US Navy AML3D Limited (ASX: AL3) will supply two custom ARCEMY® systems to Newport News Shipbuilding, extending its footprint in US naval supply chains. The order value is ~A$4.5m, reinforcing momentum after multiple ARCEMY® deployments into the US Navy’s Maritime Industrial Base. The company expects the units to be installed and operational in Q2 2026. Noel Ong Nov 10, 2025 5 min read The Calmer Co. International Limited Q1 FY26 - Record $2.4m Quarterly Sales (+26%) - The Kava Revolution. The Calmer Co. International Limited (ASX: CCO) has reported the strongest quarter in its history with Q1 FY26 sales of $2.4 million, up 26% on Q4 FY25 ($1.9m). Growth was broad-based across Australian retail, the USA, and B2B channels, with additional funding commitments to support inventory and expansion. Noel Ong Oct 17, 2025 6 min read First Lupin Protein Order Marks WOA’s Entry into China’s Growing Plant-Based Market. Wide Open Agriculture Ltd (ASX: WOA) has moved decisively into the Chinese market through its partnership with Univar Solutions China. After six months of market development, customer engagement, and technical trials, the first commercial order has been placed. This order – while not financially material on its own – represents the first tangible step towards building a commercial presence in one of the world’s largest and fastest-growing plant-based protein markets. Noel Ong Oct 7, 2025 4 min read Wide Open Agriculture Validates Scalable Lupin Protein Manufacturing Process. Wide Open Agriculture Ltd (ASX: WOA) has announced a major technical milestone with the successful completion of a commercial-scale manufacturing trial of its proprietary lupin protein isolate process (BP80F), conducted in the United States. Samso has previously covered WOA's journey in lupin-based innovation, and this latest update continues that narrative of disciplined progress and technical refinement. Noel Ong Jul 22, 2025 6 min read Symal Group Limited (ASX: SYL) — Delivering on Strategy with a $347M Wind Farm Win and Expanding Waste Capabilities - An Engineering Infrastructure Business. In its first reporting season since listing on the ASX in late 2024, Symal Group Limited (ASX: SYL) has made clear strides in delivering its prospectus promises. Most notably, the company has been awarded a $347 million conditional contract for civil works on the Gawara Baya Wind Farm, located in North Queensland on Gugu Badhun Country. This project aligns directly with Australia’s energy transition agenda, aiming to displace 1.3 million tonnes of CO₂ emissions per year. Noel Ong Jul 4, 2025 6 min read Merino & Co. Limited (ASX: MNC) – Building Momentum in Merino Wool Innovation Merino & Co. Limited (ASX: MNC) entered the ASX in late October 2024, raising $6.35 million in its IPO. The strategy was clear: expand manufacturing capabilities, modernise its supply chain, and position the brand for export-led growth in premium merino wool products. Noel Ong Jul 4, 2025 6 min read FOS Capital Limited (ASX: FOS): ATS Acquisition and Strategic Expansion - A Lighting Business on the ASX. FOS Capital Limited (ASX: FOS) is a founder-led Australian manufacturer and distributor of commercial, industrial, and architectural lighting solutions. Since listing on the ASX in June 2021, the company has demonstrated consistent growth, underpinned by a clear acquisition strategy and disciplined operational execution. Noel Ong Jul 2, 2025 7 min read Bhagwan Marine Limited (ASX: BWN) —Building Australia’s Leading Marine Services Company Bhagwan Marine Limited (ASX: BWN) has emerged as Australia’s largest ASX-listed marine services provider, following its IPO in July 2024. Since debuting on the market, the Company has delivered on its strategy of operational excellence, sustainable growth, and diversification across multiple marine sectors. With a 23% increase in share price from the IPO price of $0.50 to $0.63 in June 2025, BWN’s strong market showing is underpinned by solid financial and operational perform Noel Ong Jun 25, 2025 6 min read Mimmo's Gourmet Gelato: A Story of Passion and Perseverance. Samso Insight Episode 111 is with Mimmo, founder of Mimmo's Gourmet Gelato . This Samso Insight is all about the inner passion of... Noel Ong Apr 18, 2023 4 min read Who Dares Wins. Should Australian Investors be Running for Cover? Investors in Australian Stock Exchange are scattering for cover as global markets went on a volatility roller-coaster the last six months Noel Ong Nov 7, 2022 8 min read How ASX companies do marketing and promotions and what should investors be looking at Noel was on air with Chris Le Messurier of Mining HQ to discuss marketing and promotions for ASX companies or companies soon to be on ASX. Veronica Lind Nov 3, 2022 2 min read Impact of China on Share Prices Mining HQ Podcasts Ep. 9 - How relationships with China has affected share prices of iron ore in Australia and the Evergrande situation. Noel Ong Nov 1, 2021 1 min read Victory Lap for Sprintex Limited: Sprintex’s Partnership with Aeristech Produces Zero Carbon Victory Lap for Sprintex Limited on their partnership with Aeristech Limited to produce zero carbon hydrogen fuel cell compressor Veronica Lind Oct 14, 2021 9 min read 1 2 3

Kaiser Reef Limited (ASX:KAU) Kaiser Reef Limited (ASX: KAU) is a multi-asset Australian gold producer, explorer, and developer with a proven track record in gold mining. The company’s flagship asset is the Henty Gold Mine in Tasmania, a well-established underground operation producing approximately 30,000 ounces of gold per annum. In Victoria, Kaiser Reef holds the Maldon Gold Project, located in the historic Victorian Goldfields’ “Golden Triangle.” This high-grade asset includes a fully operational 200ktpa processing plant and sits within a region that has historically produced 1.75 million ounces of gold at an average grade of 28g/t. The Maldon project represents a key growth hub, offering both near-term production potential and significant exploration upside. With a continued focus on increasing production, expanding reserves, and leveraging its strategic partnership with Catalyst Metals, Kaiser Reef is positioning itself to unlock further value across its portfolio. The company builds on a legacy of gold production dating back to the 1800s while advancing a modern approach to mining that emphasises innovation, sustainability, and disciplined growth. Read More

Investmetn Thoughts is all about giving new concepts and Ideas to support ASX investors to make their decisions. Tools that help invesotrs Do Your Own Research. Investment Thoughts The Samso contribution to provide ideas and new concepts to help investors DYOR. Renewable Energy Media & Technology Financial Services Metals and Mining Investment Thoughts Industrial & Business Services Healthcare Metals and Mining Industrial & Business Services Renewable Energy Healthcare Media & Technology Financial Services Who Got the Chance — why investors mistake timing, visibility and luck for talent - Equity Investment Myths Timing, visibility, funding and luck decide more investing outcomes than talent. Part 1 of a Samso series on the human behaviours behind our decisions. Noel Ong Jul 25 21 min read The Science Beneath the Announcements: ISMUMS2026, Critical Metals, and Why Independent Research Matters on the ASX The world's best minds in magmatic ore deposits just spent a week in Perth. Most ASX investors never heard about it and yet their portfolios are built on the science discussed in that room. ISMUMS2026 covered the mineral systems behind Ni, Cu, Co, PGEs, V, Ti and Cr: the metals of the energy transition, and the bread and butter of the ASX junior sector. Samso's job is to carry that knowledge across the gap as research, not promotion, for investors who want to understand t Noel Ong Jul 9 7 min read Beyond Oil: What the Strait of Hormuz Really Means for Australia For many Australians, the Strait of Hormuz was once little more than a place name, mentioned only when tensions rose in the Middle East. It sounded distant, strategic, and largely disconnected from everyday life here at home. Unless you worked in defence, shipping, or financial markets, it was easy to assume it had little relevance to Australia. - That assumption has changed. Noel Ong Apr 23 10 min read How Investors Can Read Between the Lines of ASX Announcements - Smart Investing Reading and comprehending ASX announcements is essentially the main way to grasp a company's business on the Australian Securities Exchange (ASX). Hence, it si very easy to say that the ability to understand these documents is crucial and hence , it is a good reason to have your eagle hawk eyes on and closely monitor company announcements. These releases frequently contain insights into a company’s condition, strategies, and possible risks. Noel Ong Mar 24 8 min read Key Investment Trends That has shaped Investor Opportunities ASX in 2025. Key Investment Trends That has shaped Investor Opportunities ASX in 2025. Noel Ong Oct 11, 2025 9 min read Uncover the Best Platform for Investment Ideas on the ASX Today - Look for Promising Investment Trends. Investing wisely is crucial in today’s fast-changing financial landscape. With so many options available, it can be overwhelming to decide where to put your money. This guide will help you navigate the best promising investment trends and provide practical advice to make informed decisions. Whether you are a beginner or looking to diversify your portfolio, understanding these trends can help you maximize your returns. Noel Ong Oct 6, 2025 6 min read Staying Informed About Trends in the Financial Market In today’s fast-paced world, keeping up with financial trends is essential for making smart investment decisions and managing personal finances effectively. The financial market is constantly evolving, influenced by global events, economic policies, and technological advancements. Staying informed helps you anticipate changes, reduce risks, and seize opportunities. This article explores practical ways to stay updated on financial trends and understand market movements. Noel Ong Aug 30, 2025 6 min read How to Identify Promising Investments in Today's Economy. Investing wisely in today's economy can be challenging. With so many options and fluctuating markets, knowing where to put your money is crucial. This guide will help you identify promising investments that align with current economic trends and your financial goals. By understanding key factors and strategies, you can make informed decisions that maximize your returns and minimize risks. Noel Ong Aug 23, 2025 5 min read Exploring Emerging Investment Markets Across the Globe 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. Noel Ong Aug 6, 2025 5 min read Understanding Resources and Investments in Australia - A Resurgence of the Mineral Resource Industry in 2025. 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. Noel Ong Aug 4, 2025 6 min read Samso ASX AI Technology Radar: Weekly Review. I’ve been keeping an eye on how artificial intelligence continues to make its presence felt in the small-cap space on the ASX. While AI is often associated with big tech names, the more interesting stories—at least for those of us with a curious, investor-focused mindset—are often found in the places where commercial traction is building quietly. Noel Ong Jul 16, 2025 9 min read Symal Group Limited (ASX: SYL) — Delivering on Strategy with a $347M Wind Farm Win and Expanding Waste Capabilities - An Engineering Infrastructure Business. In its first reporting season since listing on the ASX in late 2024, Symal Group Limited (ASX: SYL) has made clear strides in delivering its prospectus promises. Most notably, the company has been awarded a $347 million conditional contract for civil works on the Gawara Baya Wind Farm, located in North Queensland on Gugu Badhun Country. This project aligns directly with Australia’s energy transition agenda, aiming to displace 1.3 million tonnes of CO₂ emissions per year. Noel Ong Jul 4, 2025 6 min read Alfabs Australia Limited (ASX: AAL) — Building Momentum in Mining and Engineering Services Alfabs Australia Limited (ASX: AAL)entered the ASX in late June 2024 with the strong foundation of a family-owned business that has been operating since the 1950s. With its origins as Alfabs Engineers, the Torrance family has grown the company into a respected name in mining equipment hire and heavy engineering (Figure 1). The company remains founder-led, with the Torrance family still holding over 52% post-listing. Noel Ong Jul 4, 2025 6 min read Resouro Strategic Metals Inc. (ASX: RAU) – Gaining Global Attention Through Metallurgical Innovation and Strategic Partnerships - REE and Titanium Opportunities. Resouro Strategic Metals Inc. (ASX: RAU) is a recently listed company, having debuted on the ASX on 14 June 2024. While many early-stage mineral exploration companies spend their first year positioning and reshaping project narratives, Resouro has wasted no time in generating substantial technical momentum and government-level recognition. Noel Ong Jul 4, 2025 8 min read Piche Resources Limited (ASX: PR2) — Advancing Argentina Gold and Uranium Projects Piche Resources Limited (ASX: PR2) listed on the ASX on 15 July 2024, entering the market with a portfolio focused on uranium and gold exploration. Since its IPO, Piche has advanced exploration in both Argentina and Western Australia, with primary efforts concentrated on the Cerro Chacon gold project and the Sierra Cuadrada uranium project, both located in Argentina’s Chubut Province (Figure 1). Noel Ong Jul 4, 2025 5 min read Merino & Co. Limited (ASX: MNC) – Building Momentum in Merino Wool Innovation Merino & Co. Limited (ASX: MNC) entered the ASX in late October 2024, raising $6.35 million in its IPO. The strategy was clear: expand manufacturing capabilities, modernise its supply chain, and position the brand for export-led growth in premium merino wool products. Noel Ong Jul 4, 2025 6 min read Exploration with Purpose – Axel REE's Caladão & Caldas Programs Keep Delivering - Gallium or Rare Earths? Since debuting on the ASX in May 2024, Axel REE Limited (ASX: AXL) has maintained its strategic exploration push across two key Brazilian projects—the Caldas Rare Earths Project and the Caladão Gallium-REE Project (Figure 1). The company has taken significant steps forward in its goal to define high-value clay-hosted rare earth and gallium mineralisation, both critical to the future of electrification and green technologies. Noel Ong Jul 4, 2025 6 min read Golden Horse Minerals Limited (ASX: GHM) – Expanding the Central Zone at Hopes Hill Gold Mining Story. Golden Horse Minerals Limited (ASX: GHM), a recently listed explorer on the ASX (IPO December 2024), has once again demonstrated its potential as a significant player in Western Australia's gold sector with a strong update from its Hopes Hill project (Figure 1). With more than 10,000m of reverse circulation (RC) drilling already completed across 44 holes since January 2025, the latest round of deep drilling results strengthens the view that the Central Zone is part of a large Noel Ong Jun 25, 2025 8 min read Bhagwan Marine Limited (ASX: BWN) —Building Australia’s Leading Marine Services Company Bhagwan Marine Limited (ASX: BWN) has emerged as Australia’s largest ASX-listed marine services provider, following its IPO in July 2024. Since debuting on the market, the Company has delivered on its strategy of operational excellence, sustainable growth, and diversification across multiple marine sectors. With a 23% increase in share price from the IPO price of $0.50 to $0.63 in June 2025, BWN’s strong market showing is underpinned by solid financial and operational perform Noel Ong Jun 25, 2025 6 min read Cuscal Limited (ASX: CCL) — From Infrastructure to Innovation in Payments - A Fintech Story. Cuscal Limited (ASX: CCL) is a name that has quietly underpinned the digital payments infrastructure of Australia for decades. After officially listing on the ASX on 25 November 2024, Cuscal is now navigating the next chapter of its 60-year journey — building on its foundation as one of the nation’s leading independent B2B payments and data service providers. Noel Ong Jun 25, 2025 6 min read 1 2