1. Corporate Presentation September 2025 2. Prospectus Temas Resources Corp, incorporated in British Columbia, Canada, is bringing a unique blend of critical mineral projects and proprietary metallurgical technology to the Australian Securities Exchange. The company already trades on the CSE, OTCQB, and FSE, and is now seeking to broaden its investor base through an ASX listing. The offer consists of 55,000,000 CHESS Depository Interests (CDIs) at $0.20 each to raise $11 million, equating to a market capitalisation of approximately $19.3 million at admission. The listing is designed to provide capital for advancing the company’s Québec-based projects (Figure 1), progressing commercialisation of its patented processing technology, and creating new opportunities through strategic partnerships. Figure 1: La Blache and Lac Brule titanium projects in Quebec, Canada (source: TIO) ASX Listing Details – Temas Resources Corp Company Name: Temas Resources Corp Proposed ASX Code: TIO Incorporation: British Columbia, Canada (ARBN 687 644 248) Securities on Offer: 55,000,000 CHESS Depository Interests (CDIs) Issue Price: A$0.20 per CDI Capital to be Raised: A$11,000,000 Shares/CDIs on Issue at Admission (Undiluted): ~96.4 million Market Capitalisation at Admission: ~A$19.3 million Offer Opening Date: 5 September 2025 Offer Closing Date: 19 September 2025 (5pm WST) Expected ASX Quotation: 30 September 2025 Joint Lead Managers: PAC Partners Securities Pty Ltd and Sandton Capital Advisory Pty Ltd Capital Structure & Offer Offer: 55M CDIs @ $0.20 to raise $11M. CDIs on issue post-listing: ~96.4M (undiluted). Market cap at listing: ~$19.3M. Strategic Positioning - Titanium & Critical Minerals Combines exploration assets with technology, aiming for vertical integration from mine to end-user. Positioned against ASX-listed peers such as IperionX and Alpha HPA, yet Temas is at an earlier stage with clear commercialisation catalysts. Key Highlights Critical Mineral Projects – Québec La Blache Project (Figure 2): 130 claims covering ~7,000 hectares with an inferred resource of 208.5 Mt @ 16.5% TiO₂ Eq. Plans include HQ diamond drilling to upgrade resources to Measured & Indicated status. Figure 2: Location of La Blache Project, Quebec (source: TIO). Lac Brule Project (Figure 3): 36 claims containing high-grade hemo-ilmenite zones up to 34% TiO₂. Targeting Preliminary Economic Analysis (PEA) by 2026. Figure 3: Location of the Lac Brûlé Project, Quebec (source: TIO) Patented Processing Technology – Regenerative Chloride Leach (RCL) Portfolio of 11 process patents delivering 59–69% cost reductions compared to industry standards. Capable of producing 99.8% TiO₂ purity from pilot studies. Global licensing opportunities under evaluation in Indonesia, Australia, and North America. Figure 4: RCL Process Flowsheet & Comparison with Traditional Methods (source: TIO). Use of Funds vs Prospectus Funds raised will support: Exploration programs at La Blache and Lac Brule. Advancing proprietary RCL technology, including test work, patents, and licensing opportunities. Evaluation of new acquisitions. General working capital and transaction costs. The A$11 million raised under the Offer is targeted towards advancing both Temas’ Québec projects and its proprietary RCL technology. Exploration at La Blache and Lac Brule will form the core of expenditure, complemented by ongoing test work, patent filings, and global licensing initiatives for the RCL process. A portion of funds is also earmarked for assessing potential new acquisitions and providing general working capital, alongside covering transaction costs. Board & Management Temas is led by an experienced team with strong expertise in critical minerals and metallurgical processing: Kyler Hardy – Executive Chairman Tim Fernback – CEO & Director David Robinson – CFO & Director Véronique Laberge – Non-Executive Director Kobi Ben-Shabat – Non-Executive Director Kyler Hardy, Executive Chairman & Director, commented: "Temas Resources offers investors a unique combination of patented metallurgical technology with proven cost advantages and strategically positioned Canadian mineral projects, providing a sustainable solution to global critical metal supply vulnerabilities and substantial growth potential. Through Joint Venture or licencing opportunities, Temas is well positioned to capitalise on the two business divisions." David Caldwell, COO, commented: "Our mineral exploration assets at La Blache and Lac Brûlé are more than just resource-rich projects — they are uniquely positioned to feed directly into our proprietary RCL processing platform. With high-grade, near-surface titanium-vanadium deposits and proven infrastructure access, we’re building a vertically integrated supply chain that maximizes resource value, lowers processing costs, and drives sustainable growth from the ground up." Next Steps (See Figure 5) Resource Growth – drilling at La Blache to expand and upgrade resources. Early Economics – advancing Lac Brule towards Preliminary Economic Analysis (PEA) by 2026. Technology Development – ongoing RCL test work, scale-up studies, and new patent filings. Licensing Pathway – progress global discussions with potential partners in North America, Australia, and Indonesia. Strategic Growth – evaluate acquisition opportunities to complement the current portfolio. Corporate Priorities – maintain working capital discipline and stakeholder engagement. Figure 5: Development Timeline & Newsflow (source: TIO) Samso Concluding Comments Temas Resources Corp (ASX: TIO) is bringing something different for investors to ponder. It is not just about a resource project in Québec – it is about pairing those assets with proprietary metallurgical technology that has the potential to reshape titanium and critical mineral processing. This dual pathway creates optionality: the company can advance its projects, license its technology, or both. Investors should note that Temas is early in its journey. The Québec projects require systematic drilling and de-risking, and the metallurgical technology, while validated in pilot studies, must prove scalability and commercial adoption. These are real hurdles, but they are also what create the asymmetric upside that attracts early-stage capital. From a broader perspective, the story fits neatly into the critical minerals narrative that has been building across global markets. Western supply chains are under pressure, titanium is classified as a strategic metal by the US, EU, and allies, and ESG performance in processing is no longer optional but mandatory. Temas is aiming to position itself at the intersection of all three. I have brought this onto the Samso platform because the metallurgical part of the story is what interests me the most. Like the progress of AI is talking over mainstream technological advances, I feel that there is a new age in metallurgical advances, which may create value for the first movers in this sector. Look at MTM Critical Metals (ASX: MTM), they have done wonders for their shareholders, and the latest highlight is something that could be there for the likes of Temas. I am not saying that they are in the same league, but where there is smoke, there could be a fire. MTM’s Flash Joule Heating (FJH) technology delivered game-changing results: Successfully concentrated high-value magnetic REEs (Nd, Pr, Dy, Tb) in a single flash Rejected over 80% of low-value La & Ce waste 81% terbium recovered, one of the rarest and most strategic REEs Doubles magnet-REE content from 30% of TREO to 72% No acid or solvents used, and remains unoptimised Another example of what appears to be another win in how to extract metals, like REE, is OD6 Metals' recent release that they have found another way to deliver an economical solution for their clay REE project. Although the OD6 story is different to MTM, it is another path of delivering metal extraction results. When I look at the happenings in this part of the ASx business, it just feels that the research into an alternative means to extract so-called "hard processes" is gaining momentum, and more importantly, it's a positive momentum. As I always say, do that DYOR and stay alert. #SamsoNews – as always, the challenge for investors is to separate the signal from the noise. Temas is signalling a disruptive approach to resource development. Whether that signal translates into long-term shareholder value will depend on execution, funding, and technology uptake. That is the point where investors must do their own research. Cover photo: Rutile - Rutile, Nessa Eull. CC0, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Rutile_(GeoDIL_number_-_1577).jpg) The Samso Way – Seek the Research At Samso, we separate signal from noise. True insights come from looking deeper, and every investor should always do their own 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.

Announcement High grade silver up to 941 g/t Ag identified at Castle Rag 9 September 2025 Terra Critical Minerals Limited (ASX: T92) has reported further high-grade silver mineralisation from its 100% owned Castle Rag Project in New South Wales (Figure 1). The latest results build on previously reported intercepts and continue to highlight the project’s potential within the broader New England mineral field. Figure 1: Location of Castle Rag Project (source: T92) Key Highlights - Building a Silver Story High-grade surface samples: Silver up to 941 g/t Ag. Lead to 18.9% Pb. Antimony up to 266 g/t Sb. Copper to 2.21% Cu. 14 samples >100 g/t Ag identified from 23 historical surface samples collected in 2022. Results strengthen earlier work that returned: 1,670 g/t Ag. 445 g/t Ag & 1.12% Cu. 210 g/t Ag, 1.19% Cu, 1.19% Pb, 0.41% Zn. 120 g/t Ag & 5.25% Pb The Castle Rag Silver Mine historically produced 4,000 t for 48 t Ag and 692 t Pb, a scale significantly larger than the nearby Webbs Silver Deposit (5.5 t Ag) Project Context Castle Rag forms part of Terra’s New England portfolio (Figure 2), which includes: Ottery Tin Mine. Mole River base metals project. Glen Eden – host to NSW’s largest tungsten deposit. Figure 2: Location of Castle Rag and other T92 Projects (source: T92) The company continues to expand its presence in critical metals, positioning Castle Rag as a potential analogue to Webbs, but with a broader production history. Rock Chip Sampling Results The 2022 surface sampling program (Great Southern Precious Metals) returned significant results across three key prospects (Figure 3): Figure 3: Silver samples >100 g/t with regional geology (source: T92) Castle Rag Silver Mine. Matt & Walkers Deposit (500m north) (Figure 4). Gilligan’s Deposit (1,200m northeast) (Figure 4). Highlights include: Sample R00535: 941 g/t Ag, 18.9% Pb, 266 g/t Sb. Sample R00537: 723 g/t Ag, 2.21% Cu. Sample R00543: 172 g/t Ag, 1.27% Pb. Figure 4: Silver samples >100 g/t with regional TMI magnetics (source: T92) Next Steps T92 will now advance with: Review of historical datasets. Remote sensing and geophysics (including LiDAR). Access approvals. A full exploration program is planned following the analysis of past work, with focus on infill drilling and depth extensions to better define high-grade zones Terra Uranium will proceed with a detailed review of historical datasets, geophysics, and remote sensing before developing a comprehensive exploration program. The focus will be on infill and step-out drilling to better define high-grade zones and test depth extensions, with a two-year program anticipated. Samso Concluding Comments Castle Rag add to Terra Critical Minerals NSW portfolio. These are early-stage surface rock chip results, but the grades speak for themselves. Silver numbers approaching 1,000 g/t, combined with meaningful lead, copper, and antimony credits, demonstrate a polymetallic nature of this system. For investors, the potential key takeaway is the consistency of high-grade samples across multiple prospects. This not only validates the historical mining history at Castle Rag but also builds confidence that the project could deliver scale with modern exploration. T92 is obviously going through a rebuilding phase, and the addition to the T92 story is one I am watching with interest. It would be encouraging to see the company start getting on the ground soon. As always, the proof will come from drilling and systematic exploration. But with these results, Castle Rag is clearly not just a historical curiosity — it is emerging as a project with genuine potential to add shareholder value. Cover photo: Silver ore, Романвер. Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Silver_ore.JPG) The Samso Way – Seek the Research We focus on what moves value: quality of assets, quality of management, quality of capital. DYOR and pressure-test the narrative against the facts. 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 Catalyst Ridge REE-Antimony Expansion in Mountain Pass USA 9 September 2025 Great Northern Minerals Ltd (ASX: GNM) has announced a significant expansion of its Catalyst Ridge REE–Antimony Project in the Mountain Pass District, California (Figure 1). The move marks a step-change in the Company’s U.S. footprint, adding new ground in one of the world’s most strategic rare earth corridors. Figure 1: Interpreted USGS bedrock geology map highlighting GNM’s newly acquired claims, positioned relative to the Mountain Pass REE deposit, nearby mineral occurrences, and other active operators in the district. (source: GNM) Key Highlights - Establishing a REE Story in the USA 96 new lode claims staked, adding ~8.03km² to the Catalyst Ridge Project. Expansion builds on the existing 119 lode claims acquired in August 2025, consolidating GNM’s position in the Mountain Pass corridor. New ground lies in geological settings similar to the Mountain Pass REE Mine and Colosseum gold deposit – both linked to carbonatite systems. Structural intersections and magnetic highs across the new claims are considered highly prospective for REE-bearing intrusions and antimony-gold mineralisation. Systematic geochemical sampling program to commence in the coming weeks, targeting anomalies and structures identified in geophysical datasets. Catalyst Ridge Expansion The 96 new claims sit just 10km north of the Mountain Pass REE Mine and processing facility owned by MP Materials (NYSE: MP), the only producing rare earths mine in the USA (Figure 2). This proximity underscores the strategic significance of GNM’s position. The claims have been formally lodged with San Bernardino County and the Bureau of Land Management (BLM). While all fees have been paid, tenure confirmation is pending final approval by the BLM. Figure 2: Airborne magnetic map showing structures across new claims (source: GNM) Geological & Geophysical Review GNM’s analysis highlights several encouraging features: Intersecting NW and NNW structures – known controls for REE-bearing carbonatite intrusions. Magnetic highs analogous to those seen at Dateline Resources’ Colosseum gold deposit. Gravity anomalies consistent with lobate intrusions, enhancing potential for REE, gold, and antimony mineralisation (Figure 3). Figure 3: Airborne gravity gradiometer map – Catalyst Ridge vs Mountain Pass (source: GNM) Radiometric uranium anomalies, which may be significant given Mountain Pass’ uranium associations (Figure 4). Figure 4: Radiometric uranium anomalies across new claims (source: GNM) Exploration Strategy GNM will integrate the new claims into a broader exploration strategy. The immediate focus is a systematic geochemical sampling program, aimed at ground-truthing geophysical anomalies. This work is expected to define priority drill targets for testing REE and Sb–Au mineralisation Non-Executive Chairman, Eddie King, commented: “The expansion of the footprint of the Catalyst Ridge Project through the addition of the 96 new claims strengthens GNM’s intended strategic presence within one of the United States’ most critical regions for the exploration of critical minerals. We are excited to stake freely available ground with very interesting geophysical features that have shown the potential to host deposits of globally significant scale and importance. We are excited to work closely with our US-based geology team to begin fieldwork in the coming weeks.” Samso Concluding Comments The latest expansion at Catalyst Ridge is about positioning in one of the most strategic and marketable rare earth corridors in the world. Mountain Pass is synonymous with rare earths, and having tenure only 10 km away places Great Northern Minerals in a highly competitive geological postcode. Surprisingly, I am very curious about how this type of ground became available, considering the "popularity" of the ground, which makes the timing of GNM’s move particularly significant. The geological similarities with known deposits such as Mountain Pass and Colosseum are important. Intersecting structures, magnetic highs, and gravity anomalies are the markers geologists look for when building a case for large-scale mineral systems. The presence of radiometric uranium anomalies adds another layer of prospectivity, given their known association with rare earth mineralisation in the district. Exploration is still early days, and as always, the story will need to be tested with geochemical sampling and drilling. It looks like the marketing process is underway, and the rising share price proves that this is a great step for the shareholders of GNM. For now, the key is to watch how quickly GNM can convert this newly acquired ground into defined drill targets. With sampling set to begin in the coming weeks, the market should start to see results that either confirm or challenge the thesis. In a sector where scale and geology dictate long-term value, Catalyst Ridge is positioning itself as a project worth following closely. Cover photo: Rareearthoxides, Peggy Greb, US department of agriculture. Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Rareearthoxides.jpg) The Samso Way – Seek the Research Every announcement is a starting point, not the conclusion. Follow the evidence, benchmark peers, and let disciplined research guide you. 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 1. Samphire Field Recovery Trial PEPR Approved 25 August 2025 2. Samphire FRT - Production Well Drilling Underway 11 September 2025 3. Presentation - RIU Uranium Investment Day – Perth 11 September 2025 Every so often, we see a project cross an important threshold – the point where years of technical work and regulatory engagement transform from planning into physical activity on the ground. For Alligator Energy Limited (ASX: AGE), the Samphire Uranium Project near Whyalla, South Australia, has reached exactly that point (Figure 1). With final regulatory approvals secured, drilling underway, and construction set to follow, the project is now poised to generate the critical operational data necessary to unlock its next phase of growth. Figure 1: Alligator Energy’s Uranium and Nickel Projects (source: AGE) This Samso Insights takes a deeper look at Alligator’s progress, the significance of the Field Recovery Trial (FRT), and what this means for investors tracking Australia’s next in-situ recovery (ISR) uranium mine. Key Highlights - Steps Away from A Uranium Miner Regulatory Green Light: The SA Department for Energy and Mining (DEM) and co-regulators have approved the Program for Environment Protection and Rehabilitation (PEPR), formally authorising commencement of the FRT First Wells Being Drilled: Watson Drilling has mobilised to site and begun drilling the first of three well patterns required for the FRT Construction Phase Imminent: Civil works and plant installation will be delivered by Whyalla-based Ahrens Group, supported by local subcontractors, with site mobilisation scheduled over the coming weeks Pilot Plant Ready: Alligator already has the containerised pilot processing plant staged at its Whyalla yard, ready for installation Three-Month Operations Window: Following construction and commissioning, the FRT will operate over ~3 months, providing data on uranium recovery, in-situ chemistry, reagent use, and hydrogeology – all vital inputs for the Definitive Feasibility Study (DFS) and Mining Lease Application Robust Resource Base: The Blackbush Deposit hosts a JORC 2012 Mineral Resource Estimate of 18.0 Mlbs at 676 ppm U₃O₈ (78% Indicated), providing a strong foundation for wellfield design Setting the Stage Acquired in 2020, Samphire is one of Australia’s most advanced ISR uranium projects outside of production. The project consists of the Blackbush Deposit and the Plumbush Prospect, located in a Tier 1 uranium mining jurisdiction where five ISR uranium mines are already approved (Figure 2). Since acquisition, Alligator has systematically advanced the asset, completing bench-scale pilot process work at ANSTO, two scoping studies (2023), and a major resource upgrade in May 2025. Figure 2: Samphire Uranium project: Blackbush Deposit and the Plumbush Prospect in South Australia. (source: AGE) This disciplined approach has resulted in a deposit with well-defined roll-front mineralisation, known hydrogeology, and strong ISR amenability. These attributes make Samphire a prime candidate for low-cost, scalable ISR development. The Field Recovery Trial – Why It Matters The FRT project will involve establishing three well-field patterns, as well as the placement and construction of the containerised pilot processing plant (Figure 3) and its associated equipment, followed by wellfield operations. The containerised prefabricated pilot processing plant is already in Alligator’s Whyalla yard, ready for mobilisation and installation. Figure 3: Ion exchange module; Wellhouse (pipe room) module; Reverse Osmosis plant – currently staged in Alligator’s Whyalla yard (source: AGE) This prefabrication means the project team can rapidly transition from site mobilisation to commissioning, shortening the timeline to first recovery solutions. The FRT is more than just a technical exercise – it is the bridge between resource definition and full-scale production. The trial will: Validate ISR Performance: Confirm uranium recovery efficiency, reagent consumption, and in-situ chemistry under real-world conditions. De-risk Future Production: Provide critical data on hydrogeological response, operational costs, and environmental performance. Feed into the DFS: Generate the key inputs for detailed wellfield design, mine planning, and economics (Figure 4). Support Mining Lease Application: The data will underpin the submission targeted for early 2026 Figure 4: Layout of the FRT production wellfields and pilot plant site. (source: AGE) Construction and Commissioning The construction phase will take roughly eight weeks from site mobilisation, followed by three to four weeks of commissioning (Figure 5). The modular nature of the pilot plant means assembly and integration can proceed quickly. Figure 5: Samphire Uranium Project (Blackbush Deposit) – approx. timeline for key activities (source: AGE) Once commissioned, the trial will run sequentially through three well patterns, with inline monitoring and laboratory analysis to allow real-time adjustments. After completion, the wellfields will be decommissioned and rehabilitated, leaving behind a detailed dataset that de-risks the path to production Project Economics – Why Investors Are Watching The December 2023 Scoping Study demonstrated robust project economics even at conservative long-term uranium price assumptions (US$75/lb). At that price, the project delivered: NPV₈: A$257M (post-tax, ungeared) IRR: 42% Payback: 2.45 years AISC: US$33.31/lb At today’s consensus long-term uranium price of US$90/lb, the NPV₈ rises to A$371M, with a post-tax IRR of 55% and a reduced payback period of 1.93 years. This economic leverage is why the FRT is so pivotal – its success could justify scaling production beyond the current 1.2 Mlbs per annum case considered in the study. Exploration Upside While the FRT is the near-term catalyst, it’s worth noting that more than 70% of the Samphire palaeochannel system remains untested. The Exploration Target adds a conceptual range of 14–75 Mlbs eU₃O₈ beyond the current Blackbush resource, highlighting the project’s scalability (Figure 6). Figure 6: Exploration Potential Beyond the Current Envelope (source: AGE) Alligator’s CEO Andrea Marsland-Smith commented: “I am very pleased that we are now commencing site works with the inaugural installation of production wells at the Blackbush Deposit for the field recovery trial. We are ready to work with Ahrens on construction and commissioning of the ISR pilot plant with our experienced ISR technical and operations team in place for its operation from January 2026. Subject to successful FRT, Mine Lease approval, DFS and financing, this drilling also represents the first future production wells for Australia’s next ISR uranium mine.” Next Steps Complete production well drilling and construction of the pilot plant (Q4 2025). Commission and operate the FRT through Q1 2026. Analyse results, update resource and wellfield design. Commence DFS and Mining Lease Application process (early 2026). The path ahead is clear – finish drilling and plant construction in Q4 2025, commission and run the FRT in early 2026, analyse and integrate results into an updated wellfield design, and launch the DFS and Mining Lease Application process to advance Samphire toward production. Samso Concluding Comments The approval of the PEPR and the commencement of drilling for the Field Recovery Trial represent the moment when Samphire transitions from concept to execution. For investors, this is where technical studies are put to the test, and real-world performance begins to define the project’s economic future. The next few months will show whether the resource quality and ISR conditions translate into recoveries consistent with the scoping study assumptions. The importance of this FRT cannot be overstated. It is designed to gather the hydrogeological, chemical, and operational data that will underpin the Definitive Feasibility Study and Mining Lease Application. These are the gatekeepers to project financing and eventual production. In short, success here is the key that unlocks the next stage of value creation for Alligator Energy. Investors should also keep the bigger picture in mind. With over 70% of the palaeochannel system still untested, the Samphire Project has significant upside potential beyond Blackbush. This exploration pipeline, combined with the nearby Plumbush Prospect, could provide years of resource growth and support higher production rates than the current 1.2 Mlbs per annum case once the project reaches production. Figure 7: Alligator Energy Limited (ASX: AGE) share price chart. (source: CommSec). With a market valuation of AUD $115M, one may rightfully feel that this is expensive, but looking at the chart, this share price is not reflective of any excitement. Is this a good time to get in? I like the outlook for uranium, and I do like the AGE story. The timeline for the whole story happening is my big question. It would be good to get a Coffee with Samso happening, so let's see how this pans out. At Samso, we always come back to fundamentals: facts first, context always. The geology, resource quality, and ISR amenability all point to a technically robust project. The upcoming FRT will either validate or challenge those assumptions – and that is why this moment is so significant. Map the geology to the strategy, verify the numbers, and decide only after your own research. Cover photo: Pitchblende371, Geomartin (talk). Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Pitchblende371.JPG) The Samso Way – Seek the Research Every release opens a door for deeper work. Benchmark the results, weigh the context, and let research – not emotion – guide you. 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 Metallurgical Diamond Drilling Commences at Splinter Rock 17 September 2025 OD6 Metals Limited (ASX: OD6) has launched a metallurgical diamond core drilling campaign at its 100%-owned Splinter Rock Rare Earth Project in Western Australia (Figure 1). This work is focused on Inside Centre, the deposit that has consistently delivered standout metallurgy and supports near-term development studies. Figure 1: Splinter Rock Rare Earth Project (source: OD6) The drilling involves six twinned diamond core holes, generating up to 2.5 tonnes of bulk material. These samples will underpin heap leach optimisation, impurity removal verification, and scaled production of MREC and MREH. Importantly, these products will be used in offtake discussions with global partners. Key Highlights - Rare Earth Story Metallurgical Diamond Core Program Underway: Six twinned PQ/HQ diamond core holes targeting Inside Centre AirCore sites to generate 2–2.5 tonnes of bulk core. Heap Leach Optimisation: Testing duration, kinetics, acid consumption, counter-current configuration, and particle agglomeration. Impurity Removal Verification: Nanofiltration and ion exchange to deliver low-impurity Mixed Rare Earth Carbonate (MREC) and Hydroxide (MREH). Bulk High-Quality Product: Targeting >1 kg premium MREC and MREH for customer qualification and offtake discussions. JORC Resource Upside: Existing Indicated Resource of 119Mt @ 1,632ppm TREO remains open to the NE & SW, offering growth potential. Strategic Partnerships: Ongoing collaboration with ANSTO and CPC Engineering, guiding testwork and development pathway. Inside Centre – The Cornerstone Deposit Inside Centre is the key driver of OD6’s near-term development plans. With consistently strong metallurgy and high recoveries (~79% MagREE, ~80% Nd/Pr), the zone forms the indicated portion of the current resource base. Mineralisation remains open, supporting the opportunity to expand resources through ongoing exploration (Figure 2). Figure 2: Inside Centre Indicated Resource (red) and twinned drill hole locations (yellow), showing open mineralisation to NE & SW (source: OD6) Program Overview The metallurgical core program is focused on supplying bulk material for ANSTO to run scale-up testwork and refine the heap leach flowsheet. Key test campaigns will optimise leach kinetics, acid consumption, and agglomeration techniques while validating nanofiltration and ion exchange steps to remove impurities such as Fe, Al, U, and Th before final precipitation. Six existing AirCore drill sites (Table) will be twinned with large-diameter PQ/HQ diamond core drilling (63 to 85mm core) to collect ~2–2.5 tonnes of bulk rare earth material for metallurgical scale-up testwork. Table 1: Metallurgical drill hole locations based on selected AirCore site to be twinned. OD6, in partnership with CPC and ANSTO, has already demonstrated a multi-stage flowsheet that efficiently produces high-grade MREC/MREH with elevated Nd, Pr, Dy, and Tb — critical components for permanent magnet supply chains (Figure 3). Figure 3: Indicative process flowsheet – Heap Leach, NF, IX, IR, Product Precipitation, and Chlor-Alkali Facility (source: OD6) Benchmark payability for these products is typically 70–85% of REO basket value, underscoring the importance of producing clean, saleable product for offtake qualification. Pathway to Offtake and Financing The bulk product generated from this program will be dispatched globally for offtake partner engagement, enabling commercial payability assessment and advancing discussions with potential customers. Parallel engagement with government and financiers continues to support the development cycle. Next Steps Complete metallurgical core drilling and dispatch samples to ANSTO. Scale-up heap leach and impurity removal testwork. Continue CPC’s optioneering study to identify the preferred development pathway based on cost, recovery, and scalability. Progress discussions with offtake partners and financing stakeholders. Managing Director Brett Hazelden commented: “It’s pleasing to have our metallurgical diamond core program underway at Inside Centre, the cornerstone rare earth deposit within Splinter Rock. This key program aims to produce 2 to 2.5 tonnes of representative core that will be sent to ANSTO for heap leach scale-up and impurity-removal optimisation, with the goal of producing >1 kg of Mixed Rare Earth Carbonate (MREC) for customer qualification and offtake progression. OD6 has already produced high-quality MREC (~56% TREO) and MREH (~59% TREO) from our simplified heap leach flowsheet, with this new work to build on our recent flowsheet breakthroughs with ANSTO and the ongoing CPC optioneering study that continues to provide positive outcomes.” About OD6 Metals OD6 Metals is focused on developing its clay-hosted rare earths project at Splinter Rock, one of Australia’s largest and highest-grade deposits. With an Indicated Resource of 119Mt and Inferred Resource of 563Mt, Splinter Rock offers long-life potential supported by a heap leach development concept. The company also holds the Gulf Creek Copper-Zinc VMS Project in NSW, where maiden drilling has confirmed high-grade copper mineralisation below historic workings, opening a new exploration front. Samso Concluding Comments The Splinter Rock story continues to build credibility through incremental but meaningful technical progress. It is good to see that there is a degree of seriousness by transitioning to diamond core drilling and scaling up the metallurgical testwork. OD6 is addressing the critical questions of processing, impurity removal, and commercial viability. The initial validation of the flowsheet has been completed, and the company is now focused on creating samples to engage offtake partners commercially. The broader context of rare earth supply chains, especially those related to magnetic rare earths, highlights the importance of these gradual steps. For me, the reality of the West vs. East storyline looks like its taking shape. The Chinese Market - Update My recent discussions with those that are in the chinese market are telling me that there are definite internal pressures brewing amongst all sectors of the Chinese industries. The competition within China is so intense now that companies are looking abroad to increase revenues. Rationalisation of business are happening and it will be interesting to see how the Rare Earth downstream industry will respond or rather react with mounting pressures from the West. The increasing presence of Chinese news in the middle east will be interesting as this will be where Chinese influences will have the most traction. Having access to raw commodities in Africa is one thing, but creating influences in more value adding markets is another level up. OD6 Journey Inside Centre has emerged as the cornerstone of Splinter Rock, and the upside potential to expand resources further strengthens the long-term outlook. With ANSTO and CPC Engineering involved, OD6 is aligning with the right technical partners to advance the project responsibly. Time is OD6 main headache as it will need capital to sustain the journey. As the market is overshadowed by the gold bull run, OD6 does appear to be the sole survivor that is worth mentioning. This could be its saviour as there are less competition in Australia for critical capital to establish itself as a major concern in the Rare Earth sector. As always, this is not investment advice, but for investors watching the rare earth space, OD6 is one to follow closely. The story is shifting from proof-of-concept into potential commercial reality. Cover photo: Pretty Rocks, Mary Lewandowski. Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Drilling_occurred_at_Pretty_Rocks_in_2018._Core_samples_from_the_drilling_indicate_how_much_ice_underlies_this_part_of_the_(db7aa7dd-5660-41f2-8ced-0f001b7f2a6f).jpg) The Samso Way – Seek the Research Facts first, context always. Map the geology to the strategy, verify the numbers, and decide only after your own research. The rare earth narrative is complex, but disciplined research helps separate real progress from noise — and OD6’s steady technical milestones at Splinter Rock are a good case study in how investors can follow the data. 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.

Presentation RRS Gold Coast Investor Presentation - September 2025 DevEx Resources Limited (ASX: DEV) is leaning hard into the Northern Territory uranium thesis with a 2025 program that moves from mapping to gravity-constrained drilling across Nabarlek’s Big Radon and KP prospects (Figure 1)—two kilometre-scale radon anomalies now tied to fault architecture by new ground gravity. Heritage clearances are being finalised, and the NT Government has tipped in $160k to co-fund the maiden holes, a tidy endorsement at this stage. Figure 1: DevEx’s uranium ground. (source: DEV) The second runway is the Angularli Fault Corridor—Sandfire and Spitfire—on trend from Deep Yellow’s Angularli (32.9 Mlbs @ 1.09% U₃O₈), with gravity, surface geochem, and drill permits already in motion. A third leg, Murphy West, brings scale via ~2 km radiometric uranium anomalies now being ranked for first collars. With $7.1m cash (30 Jun 2025) and a ~$39.3m market cap (8.9c, 12 Sep 2025), DEV is executing a “Right Rocks + Right Structures = Right Targets” plan aimed at a Jabiluka/Ranger-style find. Highlights 2025 drill focus locked in at Nabarlek (Figure 2): gravity surveys completed across Big Radon and KP to define drill targets beneath kilometre-scale Radon Track Etch anomalies; NT Government co-funding of $160k secured for maiden drilling at both prospects. Heritage surveys being finalised. Figure 2: Several large Radon Track Etch anomalies recognised from the +25,000 samples collected at Nabarlek. (source: DEV) Angularli Fault Corridor (Figure 3) now live: gravity completed (Aug) at Sandfire & Spitfire; RC and diamond drilling permits lodged. The corridor sits along strike from Deep Yellow’s Angularli deposit (32.9 Mlbs @ 1.09% U₃O₈). Figure 3: Angularli Fault Corridor — Sandfire/Spitfire (source: DEV). Murphy West emerging: new airborne radiometrics/magnetics define multiple uranium anomalies up to ~2 km; surface geochemistry now underway to rank drill collars. Early interpretation supports both unconformity-type and Westmoreland-type uranium systems (Figure 4). Figure 4: Murphy West Project - An emerging uranium asset (source: DEV). Strategy + capacity: DEV is the dominant uranium explorer in the NT (~16,000 km² where uranium mining is permitted) with a clear model—“Right Rocks + Right Structures = Right Targets”—seeking a Jabiluka/Ranger-style discovery within its 100%-owned Nabarlek Uranium Project primely located on the NW margin of the McArthur Basin, in the Alligator Rivers Uranium Province, NT (Figure 5). Figure 5: Murphy West Project - An emerging uranium asset (source: DEV). Cash $7.1M (30-Jun-25); Market cap ~$39.3M (12-Sep-25 @ 8.9c); Chairman Tim Goyder holds 19.58%. Project snapshot & location Nabarlek Uranium Project (100%, NW McArthur Basin, NT): Tier-1 province hosting historical Nabarlek Mine (24 Mlbs @ 1.84% U₃O₈). DEV has multiple high-grade intercepts from 2023–2024 and is mapping the Nabarlek and U40 Fault Corridors, plus the Angularli corridor to the southeast (Figure 6). Aim: position Nabarlek- or Jabiluka-host rocks against the controlling structures to define new ore lenses beneath cover. Figure 6: Nabarlek & U40 Fault Corridors (key intercepts) (source: DEV). What’s new on the ground? (Figure 7) Nabarlek (Big Radon & KP): Ground gravity completed; radon geochem defines large, high-order anomalies with alteration footprints in the overlying sandstones—classic undercover Jabiluka-style vectors. Heritage approvals being finalised; co-funded maiden drilling is next. Angularli corridor (Sandfire/Spitfire): Gravity complete to map basement faults; permits lodged for RC/diamond drilling. Proximity to known high-grade systems (Angularli, Sandy Creek South, Aurari) is a key de-risking feature. Murphy West: Surface geochem is live to ground-truth airborne uranium anomalies (to ~2 km). Targets sit near the McArthur Basin unconformity and along faulted offsets in the Westmoreland Conglomerate—two distinct uranium models to test. Figure 7: DEV Exploration Portfolio Map (source: DEV). The Exploration Model (Why uranium?) DEV is applying an Athabasca-style approach to the McArthur Basin, focusing on radon anomalies, alteration halos, and gravity-defined structures to pinpoint structure–host rock intersections under shallow cover. The aim is to replicate the discovery mechanics of the Ranger/Jabiluka district in a largely underexplored NT footprint. With the supply shortfall forecast to grow ~200% by 2040 and prices well above pre-2021 levels (Figure 8), DEV’s assets are aligned to strengthening uranium fundamentals. Figure 8: DEV’s assets are aligned with a strong resurgence (source: DEV). Capital, board & capacity to execute Capital: Shares 441.69M; Options/PRs 10.85M; Cash $7.1M (30-Jun-25). Market cap ~A$39.3M at 8.9c (12-Sep-25). Investments include Lachlan Star (26.16%) and entX (4%). Top-20 holds 52.74%. Led by a proven team: Tim Goyder (Chair), Todd Ross (MD), Brendan Bradley (Technical Director), Stacey Apostolou (GM Corporate)—a team with uranium and capital-markets depth aligned to a targeted NT campaign. Near-term newsflow to watch Nabarlek (Big Radon/KP): Heritage completion → kick-off drilling. Angularli corridor (Sandfire/Spitfire): Permit outcomes → drill timing. Murphy West: Surface geochem results → rank ~2 km radiometric anomalies into drill targets. Targeting refinement: Ongoing core re-logging to sharpen the “Right Rocks vs Right Structures” model. REE option value (Queensland) Kennedy REE Project (100%) (Figure 9): 150 Mt @ 1,000 ppm TREO (470 ppm TREO-CeO₂) Inferred, shallow, unconsolidated “non-swelling” clays; preliminary metallurgy indicates rapid desorption in ~30 minutes at pH~4 with low acid consumption; adjacent to highway & infrastructure. A complementary “energy metals” asset as uranium exploration advances. Figure 9: Kennedy Project location (source: DEV) Samso Concluding Comments DevEx is lining up fertile host rocks in the NT, clear structural corridors (Nabarlek/U40 and Angularli), and multi-scale vectoring—using techniques from radon and radiometrics to gravity, allowing a narrowing of the search space beneath cover. A well-used recipe that has worked in other Tier-1 uranium provinces. The path is simple: first convert anomaly maps into gravity-constrained collars and then let the drill bit (The Truth Machine) answer grade, thickness, and continuity. Angularli (Sandfire/Spitfire) provides genuine adjacency to known high-grade uranium, which is the kind of de-risking investors should want at this stage. Murphy West adds scale and optionality: large, coherent radiometric features with dual models (unconformity and Westmoreland-style) broaden the chance of a discovery “type.” If Nabarlek/Angularli is the near-term quality shot, Murphy West is the leverage. Summarising the execution risk will come in these three levers: (1) timely heritage and permitting, (2) "lucky" drill design with the help of a gravity/structure story, and (3) timely assay results for the market. Investors should be ready for potential early wins that are not monster hits. What will be the reality is potentially alteration, structure, and pathfinder geochemistry aligned with gravity lows, allowing exploration to progress with some confidence. The market cap of DEV is probably a bit high with being at over AUD $61M but there are very interesting shareholders in the company, and I would never bet against them. When FireFly took over the Green Bay project, they had a market capitalisation of over AUD $100M and they are not nearly AUD $1B. All I can say is keep your eyes on this, or take a position and go about your normal daily lifestyle. As usual, the next phase of work is proof of concept, and if there are legs in the results, uranium is not a bad commodity to be in with what I feel is a uranium rush. A rush may not be the ultimate journey, but there will be a lot of interest in this sector post-2025. Cover photo: URANIUM MILL JUST OUTSIDE OF MOAB. THE ORE COMES FROM A MINE ABOUT 25 MILES AWAY. THE REGION IS RICH IN URANIUM AND POTASH. THESE MINERALS ARE THE BASIS OF THE TWO MAJOR INDUSTRIES OF THE AREA, David Hiser. Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:URANIUM_MILL_JUST_OUTSIDE_OF_MOAB._THE_ORE_COMES_FROM_A_MINE_ABOUT_25_MILES_AWAY._THE_REGION_IS_RICH_IN_URANIUM_AND..._-_NARA_-_545611.jpg) The Samso Way – Seek the Research Always triangulate claims with maps, methods, and numbers—then let the drill-bit test the thesis. 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 Strong Operational Momentum 2 October 2025 Category III CPT code application update 6 October 2025 Echo IQ Limited (ASX: EIQ) has delivered a concise update showing rising clinical usage for EchoSolv™ AS, clear progress on EchoSolv™ HF’s FDA pathway, and expanding commercial channels in the US and Europe. The near-term catalysts are anchored in actual hospital integrations, validation work nearing completion, and newly appointed US key opinion leaders guiding adoption. Chief Executive Officer, Mr Dustin Haines, commented: “Echo IQ continues to build strong momentum across all key workstreams. Achieving a consistent growth rate of echocardiogram processing with fully integrated EchoSolv AS US customers has underpinned strong momentum to date in the American market and highlights increased usage of our technology ahead of a broader scale up and sales push across a range of qualified leads.” “At the same time, our FDA submission pathway for EchoSolv HF remains firmly on track, supported by the pending completion of our Mayo Clinic validation study in the coming weeks. This data will form an important foundation for our FDA submission, which will follow in quick succession upon completion of the trial and marks the final regulatory piece prior to FDA clearance in the coming months.” 1.0 Strong Operational Momentum 2 October 2025 - Diagnosing Heart Disease Usage inflection in the US: Echocardiograms processed on EchoSolv AS at fully integrated US sites increased 153% from July–September 2025. Management frames this as a major milestone ahead of broader conversion activities. Global throughput: >90,000 echocardiograms analysed to date across trials and business development initiatives, underscoring platform scale. Regulatory path (HF): Mayo Clinic Platform validation is scheduled to complete this month, with FDA 510(k) submission for EchoSolv HF to follow shortly thereafter—the final step before clearance. Commercial channels: ◽ ScImage onboarding/integration completed; partner network spans ~1,200 US users. ◽ SARC MedIQ beta complete; reach across ~300 facilities and ~1,500 physicians. ANZ pilot momentum: 50,000+ retrospective echocardiograms analysed across Australia/New Zealand via a fully-funded pilot with a leading structural heart company. US KOL bench strength: Appointments of Dr Philippe Genereux (Morristown MC; structural heart authority) and Dr Asif Ali (University of Texas/Houston Cardiology Consultants; digital health/AI advocate) to drive adoption and integrations. EU expansion: Final-stage negotiations with a specialist distributor and pursuit of CE Mark to broaden the global footprint. Outcomes & economics: Health-economic study with NEDA underway to quantify mortality, hospitalisation, surgical trends, and system cost impacts from earlier AI-driven detection (AS/HF). Operational Update — US Adoption & Conversion Engagement with fully integrated US hospital groups has driven a 153% rise in processed echos (Jul–Sep 2025). Echo IQ is now advancing a conversion strategy across qualified leads, with final demos/beta testing ongoing at large hospital groups and clinics, and expects the usage uplift to begin flowing into revenue in Q4 CY2025 ahead of a broader CY2026 scale-up. Figure 1: Current sales & integration pipeline (source: EIQ) Regulatory — EchoSolv HF (FDA 510(k)) The Mayo Clinic Platform validation (via Mayo Validate) is slated to complete this month; data will underpin the 510(k) submission within weeks, marking the final regulatory piece prior to clearance. The addressable HF market is large, with significant US burden and under-utilisation of evidence-based therapies—supporting the commercial rationale for EchoSolv HF. Commercial Channels — ScImage & SARC MedIQ ScImage integration is complete, positioning EchoSolv within a ~1,200-user US workflow ecosystem (with added traction via the MedAxiom network). SARC MedIQ beta is complete, enabling access to ~300 facilities/~1,500 physicians and an active sales push across their network. Advisors — Clinical Influence & Site Access Dr Philippe Genereux (Structural Heart Program, Morristown Medical Center) and Dr Asif Ali (UT Houston/Houston Cardiology Consultants) join as strategic advisors, supporting US integration opportunities and regulatory submissions. Negotiations for integrations tied to these appointments are advancing within large US hospitals. ANZ Pilot — Scale & Quality Focus In Australia/New Zealand, 50,000+ retrospective echos have been analysed under a fully funded medical device pilot with a leading structural heart innovator, focused on quality assurance and patient recall programs that surface at-risk patients for further review. Europe — Market Entry & CE Mark Echo IQ is in advanced discussions with a specialist EU distributor and is pursuing CE Mark to enable broader regional commercialisation across AS/HF use cases. Evidence & Health Economics — NEDA Collaboration A health economic outcomes study with NEDA is underway to quantify mortality/hospitalisation impacts, intervention trends, and cost/resource utilisation benefits from earlier AI-led detection—evidence that can support adoption decisions by payors and providers. Next Steps Mayo validation completion (this month) → FDA 510(k) submission (EchoSolv HF) shortly after. US integrations via ScImage/SARC networks; ongoing demos/beta and conversion across qualified leads. EU distributor agreement finalisation and CE Mark engagement. NEDA health-economic study outcomes to evidence clinical and cost benefits. 2.0 Category III CPT code application update 6 October 2025 US reimbursement update: The AMA did not grant a Category III CPT code for EchoSolv™ AS (decision filed 3 Oct US time). According to the company, Echo IQ will consider a reconsideration request within 14 days, continue supporting customers via Miscellaneous Code 93799, and is engaging with the AMA on the proposed Clinically Meaningful Algorithmic Analysis (CMAA) AI code framework, anticipated to roll out in CY2026. Chief Executive Officer, Mr Dustin Haines, commented: “This is a frustrating outcome, however, we respect the AMA’s decision and their current stance around AI-based technologies. Despite this decision, we are confident that ongoing engagement with the regulatory body will help ensure that EchoSolv AS remains front of mind, particularly as new frameworks for AI-based technologies, such as the proposed CMAA codes are developed.” “While more robust reimbursement remains a key factor in our commercialisation journey, the Company is continuing to advance a number of initiatives, including expanding our commercial use with Miscellaneous Code 93799, regulatory engagement with the FDA for EchoSolv HF, expanded US deployments of the EchoSolv platform and partnerships which will strengthen the commercialisation of our technology. These parallel efforts leave Echo IQ well positioned to drive adoption and unlock long term value for shareholders.” Samso Concluding Comments The latest news is not the outcome that Echo IQ would prefer. As we all know in this sector, the line between being accepted and not accepted by the FDA can be very fine. It is also pertinent to remember that the decision does not mean that the technology is not valid. There is due process required and the company needs to do what it needs to do. Companies like EchoIQ do not present themselves to the FDA without knowing that their product holds up in concept and in practice. In regards to the story of Echo AI - Diagnosing Heart Disease, the company is continuing to highlight usage at integrated US sites is rising, the validation work for EchoSolv™ HF has defined endpoints and timing, and channel partners already touch meaningful clinical workflows. That combination—real usage + tight regulatory sequencing + existing distribution—is what typically separates intent from execution. Disregarding the setback recently, investors should keep their attention on three proof points: (1) sustained throughput growth at fully integrated sites; (2) the completion of the Mayo validation and the timing of the 510(k) submission for HF; and (3) tangible conversion from pilots and demos into paying deployments via ScImage/SARC networks. Each of these is measurable and should show up in the cadence of quarterly updates. Investors need to remember that the EchoSolv narrative is a proven concept from the company's point of view. So this may be the opportunity for shareholders to get in on the story at a market discount. Figure 2: The share price chart for EchoIQ Limited as of 14th October 2025. (source: commsec) As an investor, situations like this highlight a step in the decision-making when it comes to parting with your hard-earned money. Is this a misstep that will be recovered from is it a significant milestone that breaks the story? This is the decision that investors must make, and as I have always said, DYOR. The ANZ pilot and the NEDA health-economic work matter because adoption in cardiology isn’t won on algorithms alone; it’s won on workflow fit and clinical/economic outcomes. If EchoSolv continues to surface at-risk patients earlier and demonstrates reduced downstream costs, the conversation with providers and payers gets simpler. As always, none of this is a recommendation. Samso’s view is that the story is building the right way—evidence first, then scale. Track the milestones, read the primary documents, and DYOR. However, if you are chasing a discount, the time may be perfect for that investment strategy. Cover photo: Sonography Machine Donation from Raleigh Radiology-22, waketechcc. CC0, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Sonography_Machine_Donation_from_Raleigh_Radiology-22.jpg) The Samso Way – Seek the Research Work through the PDF, track each milestone to completion, and map revenue recognition against integration timelines and FDA/regulatory gating items. 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 Kilometre-scale anomalies identified at the Murphy West 7 October 2025 DevEx Resources Limited (ASX: DEV) has put a clear frame around the Murphy West story: first-pass soils are lighting up kilometre-scale, multi-element pathfinder halos across radiometric and structural targets on the southern margin of the McArthur Basin (Figure 1), echoing the Junnagunna orientation model where Pb–Cu–Be mark buried uranium. The update is methodical—boots-on-ground sampling to tighten anomalies now, drill permitting underway, and a defined catalyst window with shallow multi-target drilling flagged for the 2026 field season. Figure 1: DevEx’s NT Uranium Projects surrounding the uranium-endowed margin of the McArthur Basin (source: DEV) DevEx Managing Director, Todd Ross, commented: “These early results have already highlighted several exciting large-scale uranium targets, analogous to both the Westmoreland and Alligator River uranium deposits, for further follow-up. As results continue to be received, and our targeting confidence builds, we look forward to transitioning to our first phase of drilling at Murphy West. “DevEx has a dominant footprint in the McArthur Basin – which has strong geological similarities to the world-class Athabasca Basin in Canada – home to some of the world’s biggest uranium mines. Between our district-scale Murphy West Project and advanced Nabarlek Project we are continuing to advance towards our goal of making a company-changing uranium discovery in Northern Australia.” Highlights - The Developing Uranium Story. First-pass surface geochemistry at Murphy West has outlined several kilometre-scale multi-element anomalies coincident with radiometric/structural targets defined by 2024 airborne surveys. >650 soil samples collected; ~450 assays received so far, with results continuing to arrive as follow-up sampling expands priority targets. Pathfinder suite (Pb–Cu–Be) observed in soils above target areas, analogous to geochemical responses over the Junnagunna uranium deposit at Westmoreland (Laramide Resources Limited’s (ASX: LAM). Drill permit applications are being prepared; shallow multi-target drilling scheduled to commence ~April 2026 (start of the 2026 field season). The McArthur Basin—DevEx’s broader focus area—is considered highly prospective for large-scale unconformity-type uranium systems and is compared with the Athabasca Basin (Canada) in terms of endowment potential. Geology & Target Model in Brief The targets sit on-strike with the same stratigraphy that hosts major uranium to the east—most notably Laramide’s Westmoreland deposit in Queensland (65.8 Mlbs U₃O₈; see Figure 2)— supporting geological continuity and prospectivity along the southern margin of the McArthur Basin. Murphy West is testing both: 1. Unconformity-style targets near the Westmoreland Conglomerate unconformity, commonly associated with magnetic features; and 2. Westmoreland-style targets within or overlying the Westmoreland Conglomerate, locally influenced by favourable fault offsets. Airborne work (2024) and first-pass soils have outlined multiple, large priority anomalies—up to ~2 km—now being ground-truthed. Figure 2: Murphy West — field investigations testing airborne radiometric anomalies. (source: DEV) What’s new on the ground? DevEx is executing a methodical, boots-on-ground soil program to test radiometric and magnetic anomalies generated by the 2024 airborne survey. Priority anomalies overlie flat terrains masked by surficial regolith/transported cover (Figure 3), making soil geochemistry an effective vectoring tool where radiometric signatures can be subdued. Figure 3: Area G — first-pass soil geochemistry showing kilometre-scale pathfinder anomalies with radiometric/structural targets. (source: DEV) Early results show coincident pathfinder responses aligning with the company’s target models (Figure 4). Figure 4: Area A — first-pass soil geochemistry with similar pathfinder footprints. (source: DEV) Why the pathfinders matter (Junnagunna analogue)? DevEx completed an orientation soil/vegetation survey at Junnagunna (with Laramide’s support), demonstrating that although U is not anomalous in surface soils, a characteristic pathfinder halo (including Pb, Cu, Be) reliably marks buried uranium (Figure 5) beneath Siegal Volcanics and surficial cover. The same pathfinder response is now observed at Murphy West over select targets, strengthening the analogue. Figure 5: Orientation soil geochemistry at Junnagunna pinpointing mineralisation with pathfinders (source: DEV) Taken together, the orientation work supports a covered-uranium model where pathfinder halos vector to mineralisation beneath transported cover (Figure 6). Figure 6: Junnagunna summary cross section (Polito & Kyser, 2005). (source: DEV) Next steps & timeline October–November 2025: Additional surface sampling to expand the coincident targets; receipt of remaining assays and integrated review. Regulatory: Drill permit applications being prepared for multiple target areas. Field Season 2026 (~April start): Shallow, multi-target drill program to test the highest-priority anomalies. Samso Concluding Comments Murphy West is shaping up to be an interesting proposition for DEV. First-pass soils are mapping out kilometre-scale pathfinder footprints over radiometric and structural targets along the McArthur margin, and the Junnagunna orientation work gives the model teeth: Pb–Cu–Be can light the way where uranium itself won’t show at surface. That’s the kind of signal you want in covered terrain. For me, the near-term work is all about completing the soil coverage, tightening the anomaly geometries, and converting the best footprints into permitted collars. Management is indicating a window in the 2026 field season for shallow, multi-target drilling, while near-term catalysts are additional assays, refined target maps, and permitting updates. This is a uranium play and its early stage of exploration. Investors or potential investors need to consider the timeline is not short. With the market being so hot in gold, this will be interesting as narratives are pointing to favourable market expectations for uranium stories in 2026. Cover photo: Pitchblende371, Geomartin (talk). Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Pitchblende371.JPG) The Samso Way – Seek the Research Follow the data, verify the sources, and let evidence—not hype—shape your investment view. 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.

OD6 Metals Limited (ASX: OD6) commenced Phase 2 drilling at the 100%-owned Gulf Creek Copper Project (NSW), advancing the first modern program over a historically high-grade VMS system. The campaign targets along-strike repeats of the Gulf Creek mine stratigraphy where magnetics, jaspilite exhalites, and surface pathfinders coincide (Figure 1). Figure 1: Long Section view to SW showing extended view of geophysical modelling and the targets along the West Limb of the Gulf Creek Syncline to the NW anomaly. (source: OD6) Announcement Gulf Creek Copper Drilling Commences 14 October 202 Highlights - A Developing Copper Project Phase 2 drilling has commenced at Gulf Creek. Program targets large magnetic/geophysical anomalies interpreted as potential repeats of the high-grade mine stratigraphy. Untested prospects to be drilled: Big Bend, North West, West Limb—together representing >3 km of untested strike along the magnetite-VMS target horizon near the mine. Strong empirical link observed between magnetism and massive sulphide mineralisation; jaspilite exhalites provide a surface vector. Seven priority diamond holes planned initially (~1,750 m), with approvals in place to expand to 25 holes (~7,500 m). Downhole EM (DHEM) surveys planned post-drilling to refine follow-up targets. Phase 1 confirmed high-grade copper up to 4.6% Cu beneath the historic mine (ASX 7-5-2025). Historically, Gulf Creek produced among Australia’s highest-grade copper-zinc (averaging up to 6.5% Cu). Managing Director Brett Hazelden commented: “We are excited to commence drilling at the Gulf Creek Copper Project, marking the continuation of the first modern exploration on this project. Phase 1 drilling confirmed mineralisation directly beneath the historic Gulf Creek Mine, and we now turn our attention to the greenfield repeat targets at Big Bend, North West, and West Limb. These untested magnetic structures extend over approximately 3 km, with modelled depths exceeding 500 m, and were a key driver behind OD6’s acquisition of the project. They are compelling targets with the potential to deliver a large-scale copper system. Gulf Creek complements our flagship Splinter Rock Rare Earth Project by providing OD6 with exposure to a high - grade copper asset in a proven mining district. With strong global copper demand and the ongoing electrification trend, this project offers a highly attractive near-term growth opportunity for our shareholders.” Phase 2 Drilling Phase 2 will test repeat structures northwest of the historic Gulf Creek mine. The three target areas exhibit strong magnetism, surface jaspilites, and multi-element surface anomalism consistent with a Besshi-style VMS cluster model: Big Bend — strong magnetism; jaspilites; IP response; surface Cu-Ce anomalism. North West — strong magnetism; jaspilites; surface Cu-Co-Ag-Be-Ce-Zn anomalism. West Limb — strong magnetism; jaspilites; surface Cu-Ce anomalism. These targets mirror the magnetic signature of Gulf Creek and coincide with modelled bodies that locally exceed 500 m depth. Figure 2: Plan view of geophysical modelling and the priority targets Big Bend, North West, West Limb and the historic Gulf Creek Mine (source: OD6) Compelling Targets OD6 reports a strong relationship between footwall magnetic susceptibility and massive sulphide mineralisation observed in Phase 1 drilling (e.g., GCC004), across a classic VMS stratigraphy: sediments → jaspilites/sediments → sulphides (including high-grade Cu) → altered basalt with disseminated sulphides. The best copper occurs coincident with the strongest magnetic response, reinforcing the use of jaspilite mapping + magnetics as primary vectors. Figure 3: Cross section of Historic Gulf Creek Mine with GCC004 drill hole results vs Magnetic Susceptibility (source: OD6) OD6 Metals Program design and follow-up tools Initial scope: 7 priority diamond holes (~1,750 m) across Big Bend, North West, and West Limb. Permitting headroom: Approvals secured for 25 holes (~7,500 m), enabling rapid scale-up. Post-drilling geophysics: DHEM and magnetic susceptibility logging to vector additional conductors for follow-up. Figure 4: Plan overview of the 7 holes planned to have DHEM. (source: OD6) Geophysical Framework A long-section across the West Limb of the Gulf Creek Syncline highlights the continuity of magnetic bodies along strike into the northwest anomaly—interpreted as repeats within the mine stratigraphy. This underpins the more than 3 km of untested strike referenced in the program rationale. Project snapshot: Gulf Creek Copper (NSW) District-scale VMS setting near Barraba, historical mining circa early 1900s. Historic grades reported up to 6.5% Cu; modern drilling in 2025 confirmed high-grade copper beneath historic workings. Multiple untested high-priority geophysical targets along mine-parallel stratigraphy. Strategy: modern geophysics + structural/stratigraphic mapping + targeted diamond drilling + DHEM to build a pipeline of conductors. Why OD6, Why Now? OD6 is also advancing the Splinter Rock clay-hosted REE Project (WA), with a May 2024 MRE of 119 Mt @ 1,632 ppm TREO (Indicated) and 563 Mt @ 1,275 ppm TREO (Inferred), and an overall ~23% MagREE ratio—supporting a conceptual heap-leach development pathway. Gulf Creek provides copper exposure alongside this rare earths platform. Samso Concluding Comments OD6’s second-phase drilling at Gulf Creek is testing what looks like a coherent geophysical–geological model: magnetism + jaspilite exhalites + VMS stratigraphy repeating along the mine horizon. The observed Phase 1 link between magnetic footwall and sulphides has allowed OD6 to follow up on what is potentially a vector that now scales across >3 km of untested strike. Seven priority diamond holes give the Company a measured starting point, while approvals for ~7,500 m keep the option open to accelerate if early holes validate the model. The planned DHEM is the right follow-up tool in VMS terrain, where discrete conductors often sit just off initial collars. Historically, Gulf Creek’s copper grades were exceptional for the era. The modern thesis isn’t to re-mine the old stopes—it’s to find repeats of that system in a structurally consistent package imaged by magnetics and supported by surface geochemistry. If the first holes hit the right textures, sulphide style, and alteration, the pathway to step-outs is clear. The move into Gulf Creek was to establish a new front with the demise of the Rare Earth sector; however, it does appear that there is a resurgence coming back, and I think this is a very good time for OD6. The recent ASX releases showing that OD6 may be back in the Rare Earth narrative are going to create a bigger story for the company. In hindsight, it is with great fortune that OD6 had maintained leverage to REEs at Splinter Rock. The dual-track exposure (REEs + copper) is notable in a market that is now rewarding clear technical vectors and optionality across the energy-transition metals space. As always, this is now more of an operational story that will be defined by results, which the Company is flowing well at the moment. DYOR. Cover photo: Native copper 1, Géry PARENT. Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Native_copper_1.jpg) The Samso Way – Seek the Research Start with the facts, read the primary sources, verify the numbers, and make your own judgment — DYOR. 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 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. Exploring Promising Investment Trends in 2024 The investment world is constantly evolving, and staying updated on promising investment trends is essential. Here are some of the most notable trends shaping the market this year: 1. Sustainable and ESG Investing Environmental, Social, and Governance (ESG) investing has gained significant traction. Investors are increasingly prioritizing companies that demonstrate responsibility towards the environment and society. This trend is not just ethical but also profitable, as sustainable companies often show strong long-term growth. Example: Investing in renewable energy companies or green technology startups. Actionable tip: Look for funds or ETFs that focus on ESG criteria to diversify your portfolio responsibly. 2. Technology and Innovation Technology continues to be a powerhouse for growth. Areas like artificial intelligence, blockchain, and cybersecurity are attracting substantial investment. These sectors offer high growth potential but come with volatility. Example: Consider investing in tech-focused mutual funds or individual stocks of companies leading innovation. Actionable tip: Stay informed about emerging technologies and their market impact to time your investments well. 3. Real Estate in Growing Markets Real estate remains a solid investment, especially in regions experiencing population growth and urban development. Rental properties, commercial real estate, and real estate investment trusts (REITs) offer diverse ways to invest. Example: Investing in residential properties in expanding suburbs or commercial spaces in business hubs. Actionable tip: Research local market trends and economic indicators before committing capital. Modern residential buildings in a growing suburb How Much Money Do I Need to Invest to Make $1000 a Month? Many investors wonder about the capital required to generate a steady income of $1000 per month. The answer depends on the type of investment and its expected return. The answer is also dependent on your ability to ride out the investment. The most important aspect of deciding on an investment strategy is to first understand what you have in terms of capital to be invested and how your life will be affected by not having that capital to use. There is nothing straightforward about this decision, as the timeframe required will be dependent on how long you can live without that capital. In addition, the longer your view is for your investment, the lower the risk for you on the immediate scenario. I am not a believer in an investor with a crystal ball. No matter how much experience you have, no matter how much research you have done, there will never be a scenario when you have a sure thing. Trust me, there will always be a scenario of blowing up that ideal investment opportunity. Calculating the Required Investment Dividend Stocks: If a stock yields 4% annually, you would need approximately $300,000 invested to earn $12,000 a year or $1000 a month. Rental Properties: Rental income varies by location, but a property generating $1500 monthly rent with expenses of $500 leaves $1000 net income. Bonds: With an average yield of 3%, you would need around $400,000 invested to make $12,000 annually. Factors to Consider Risk tolerance: Higher returns often come with higher risks. Diversification: Spreading investments reduces risk and stabilizes income. Expenses and taxes: Account for management fees, maintenance costs, and taxes. Practical Steps Define your income goal clearly. Choose investments aligned with your risk profile. Use online calculators or consult financial advisors to estimate capital needs. Financial calculator and investment documents Diversifying Your Portfolio for Stability and Growth Diversification is a key strategy to manage risk and improve returns. By spreading investments across different asset classes, you protect your portfolio from market fluctuations. Asset Classes to Consider Stocks: Growth potential but higher volatility. Bonds: Lower risk and steady income. Real Estate: Tangible assets with rental income. Commodities: Hedge against inflation. Cash or equivalents: Liquidity and safety. Benefits of Diversification Reduces exposure to any single investment. Balances risk and reward. Provides opportunities in various market conditions. How to Diversify Effectively Invest in a mix of domestic and international assets. Use mutual funds or ETFs for broad market exposure. Rebalance your portfolio periodically to maintain the desired allocation. Diversified investment portfolio on a laptop screen Understanding Risks and Rewards in Today’s Market Every investment carries some level of risk. Understanding these risks helps you make better decisions and avoid common pitfalls. Types of Investment Risks Market risk: Fluctuations due to economic changes. Credit risk: Possibility of default by bond issuers. Liquidity risk: Difficulty in selling assets quickly. Inflation risk: Loss of purchasing power over time. Balancing Risk and Reward Higher returns usually mean higher risk. Conservative investors may prefer bonds and cash. Aggressive investors might focus on stocks and emerging markets. Tips to Manage Risk Conduct thorough research before investing. Avoid putting all your money into one asset. Keep an emergency fund separate from investments. Taking Advantage of Investment Opportunities Finding the right investment opportunities can significantly impact your financial future. It’s important to stay informed and act strategically. How to Spot Good Opportunities Look for sectors with strong growth potential. Analyze company fundamentals and market trends. Consider long-term prospects rather than short-term gains. Practical Advice Use trusted platforms and resources for research. Network with other investors and financial experts. Start small and increase your investment as you gain confidence. Final Thoughts on Investing Today Investing is a journey that requires patience, knowledge, and discipline. By focusing on promising investment trends, understanding your financial goals, and managing risks, you can build a portfolio that supports your future aspirations. Remember, the best investment decisions come from continuous learning and adapting to market changes. Start exploring your options today and take control of your financial destiny. Cover photo: NY stock exchange traders floor LC-U9-10548-6, Thomas J. O'Halloran. Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:NY_stock_exchange_traders_floor_LC-U9-10548-6.jpg) The Samso Way – Seek the Research Do the work—read the source, test the claims, map the risks, and let evidence (not noise) guide your conviction. 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.

OD6 Metals (ASX: OD6) has wrapped up its CPC Optioneering Study—backed by ANSTO testwork—and selected a preferred process flowsheet for the clay-hosted rare earths at Splinter Rock. The decision lifts confidence that OD6 can produce low-impurity MREC/MREH products and moves the project into large-scale optimisation at ANSTO alongside the commencement of mining studies at the Inside Centre Deposit (Figure 1). Announcement Innovative Process Flow Sheet Selected with High Recoveries 1 Oct 2025 Figure 1: Location of the Inside Centre Deposit (Source: OD6) Managing Director Brett Hazelden commented: “The selection of a preferred flowsheet marks a major milestone for Splinter Rock. This outcome provides confidence in our ability to produce a high-value, low-impurity MREC or MREH product that is highly attractive to global supply chains. With this stage complete, we now move into large-scale testwork at ANSTO and commence mining studies at the Inside Centre Deposit. Importantly, discussions with potential offtake partners, separation facilities, end-users and governments continue to reinforce the strategic value of Splinter Rock..” Key Highlights - An Australian Rare Earth Mining Proposal Preferred Flowsheet locked in: Heap Leach → Nanofiltration (NF) → Ion Exchange (IX) → Impurity Removal (IR), designed to optimise recovery and payability while cutting reagent use and downstream volumes (Figure 2). Recovery & product quality: ~75% overall Nd & Pr recovery; MREC ~56% TREO and MREH ~59% TREO with very low U+Th (<0.001%)—attractive specs for magnet REE supply chains. Cost levers: NF enables acid recovery and recycle (>80% in tests), reduces liquid volumes; IX concentrates REEs so the IR circuit is smaller; a Chlor-Alkali Facility (CAF) is included to cut operating costs via on-site reagent production. Scale & timing: Metallurgical diamond core program nearing completion (2–2.5 t of core to be delivered to ANSTO in October); scale-up tests to commence this quarter with progressive results in 1H 2026. Mining study work is also starting. Market positioning: Final MREC/MREH products are MagREE-rich (Nd, Pr, Dy, Tb). Benchmark payability typically 70–85% of the REO basket value (not guidance, but context for product economics). OD6 is targeting 6,000+ tpa REO in ~5 years (aspirational; see company caution). Figure 2: Preferred Process Flowsheet from ANSTO Testwork and CPC Optioneering Study. (Source: OD6) OD6 Metals Project Context Splinter Rock carries a JORC Mineral Resource of 682 Mt @ 1,338 ppm TREO, including Indicated 119 Mt @ 1,632 ppm and Inferred 563 Mt @ 1,275 ppm, with an ~23% MagREE ratio—positioning it among Australia’s largest clay-hosted REE projects (Figure 3). The conceptual development pathway emphasises heap leaching as the lower-cost, higher-recovery option versus agitated tank leaching for Inside Centre. Figure 3: Table 1: Splinter Rock Rare Earth project Mineral Resource Estimate - by Prospect at 1,000ppm TREO cut off grade (Source: OD6) How the Selected Flowsheet Improves Outcomes (Figure 4) Heap Leach: Simple, low-acid leach of clay ore to generate enriched leachate. Nanofiltration (NF): Recycles acid (>80%) and concentrates REEs, shrinking downstream volumes and opex. Ion Exchange (IX): Concentrates REEs and improves impurity control (notably Fe/Al), enabling milder IR pH and lower REE co-precipitation losses. Impurity Removal (IR): Two-stage polishing (optimised pH ~3.5 then ~4.1–4.4) to reach low-impurity specifications. Product Precipitation: Flexible end-products as MREC or MREH. CAF (Chlor-Alkali Facility): On-site reagent generation for material opex reductions and project independence. Figure 4: Anticipated Inside Centre Total REE Recovery by Element. Utilising the Preferred Process Flow Sheet (Source: OD6) What Was Tested (and why this one wins)? OD6 and ANSTO iterated through six flowsheets, progressively adding NF, IX, and a U/Th IX step. The chosen Flowsheet 6 balances higher recovery, better impurity control (Al/Fe/U/Th), smaller circuits downstream (capex/opex benefits), and improved payability—without excessive complexity at scale. Next Steps (Figure 5) Finish metallurgical core drilling (October) and dispatch 2–2.5 t of core to ANSTO. ANSTO scale-up & optimisation this quarter: Heap leach kinetics, acid strength/consumption, counter-current configuration, agglomeration. NF acid recovery verification; IX selectivity/elution (Fe/Al and trace U/Th reduction); IR optimisation. Bulk MREC/MREH (~>1 kg) for customer qualification & offtake discussions. Mining study (Inside Centre): pit shells, stripping ratios, scheduling, preliminary costs (Burnt Shirt engaged). Commercial engagement: offtake partners (payability scenarios); government & potential financiers. Future options: CAF enables potential on-site oxide separation (Nd, Pr, Dy, Tb; possibly Sm, Y) via chloride-based SX (desktop assessment with ANSTO being advanced). Figure 5: Inside Centre Composite Sample Locations overlain on airborne electromagnetic survey interpretation. (Source: OD6) Managing Risk & Disclosures OD6 flags that its 6,000+ tpa REO aspiration and optioneering ranges are conceptual and not production targets; further drilling, engineering, and feasibility work are required before any final investment decision. Readers should consider the company’s forward-looking statements and cautionary notes in full. Samso Concluding Comments This release is all about how Flowsheet selection turns geology into metallurgy and metallurgy into a business plan. In summary, OD6 can now create a concept that allows the business to work. It is now all about the following: Heap Leach → Nanofiltration → Ion Exchange → Impurity Removal (with a chlor-alkali back-end). The business now targets the magnet rare earths that matter (NdPr, plus Dy/Tb), it actively strips what hurts payability (Al/Fe/U/Th), and it builds in operating levers through acid recycle and smaller downstream circuits. On paper, that is the working model. The bigger question from here is the translation from bench recoveries into stacked tonnes, acid recycle into cash cost, and “low-impurity” into genuine payability from end-users. That’s where ANSTO’s scale-up, bulk MREC/MREH samples, and customer qualification loops matter. If those deliver as flagged, the flowsheet’s simplicity and reagent self-sufficiency could become a structural edge rather than a lab result. According to what OD6 is professing, investors need to keep an eye on the following over the next 122 months: (1) scale-up data that confirms recoveries and acid balances at meaningful volume; (2) clarity on mining studies at Inside Centre (strip, scheduling, capex/opex contours); and (3) any signals on offtake interest tied to product specs and payability. Positive movement across that trio de-risks both route and revenue. Conversely, any slippage in leach kinetics, impurity control, or acid recycle will show up quickly in capex/opex math—so keep an eye on the details, not just the headlines. As always, DYOR. Read the fine print around forward-looking statements, note that production targets are not yet defined, and remember that clay-hosted REE success is a chain: geology → metallurgy → specification → payability → financing. OD6 has tightened a key link in that chain. The next test is whether industry validation and engineering studies can pull the rest taut. Cover photo: Rareearthoxides, Peggy Greb, US department of agriculture. Public domain, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Rareearthoxides.jpg) The Samso Way – Seek the Research Always read the source announcement, cross-check the flowsheet details, recoveries, and impurities, and track the ANSTO scale-up milestones and mining study outcomes as they land through 1H 2026. DYOR, and focus on the payability math and capex/opex translation as OD6 moves from bench to scale. 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.

The investment world is constantly changing, influenced by economic shifts, technological breakthroughs, and global events. In 2025, several trends stand out as particularly influential for those investing in the ASX. The business of Renewable Energy is mainstream. Investors need to consider if this is still a good investment product, especially for retail investors. Reflecting on 2025: ASX Investing Themes That Shaped the Year The investment world never stands still. As we head into the final quarter of 2025, it’s clear that this year has been shaped by global realignments, sector-specific breakthroughs, and a recalibration of risk across markets. For ASX investors, 2025 was all about realising the shifting dynamics with the rising gold price and the increasing geopolitical tension. From a micro to small capitalisation mineral resource perspective, ASX investors started to rise with the mainstream narratives for Antimony and Gold. The rise of companies such as Trigg Minerals Limited (ASX: TMG) is a good example of how investor fortunes have risen with a "good story" (Figure 1). Figure 1: Trigg Minerals Limited has seen spectacular growth from the Antimony narrative. (source: Commsec). Let’s unpack the key trends that defined ASX performance in 2025—and what they may be signalling for investing into 2026. Sustainability & Green Energy Critical minerals matured from promise to performance The critical minerals narrative moved from speculative hope to tangible progress in 2025. Australia’s push to become a trusted supplier of “green economy” metals gained credibility, with material developments across lithium, rare earths, rutile, graphite, tungsten, copper, and uranium. Key 2025 highlights: Sovereign Metals (ASX: SVM) progressed the Kasiya rutile-graphite project in Malawi, updating its DFS timeline and attracting increasing European offtake interest via the EU’s Global Gateway. Peak Minerals (ASX: PUA) - Now Lion Rock Minerals Limited (ASX: LRM) gained traction for its Minta rutile project in WA, benefiting from titanium feedstock shortages and interest from pigment and welding markets. Iluka Resources (ASX: ILU) continued de-risking its Eneabba rare earth refinery, receiving further government support under the $4 billion Critical Minerals Facility. Uranium sentiment turned a corner as energy security dominated headlines. Stocks like Paladin Energy (ASX: PDN) and Boss Energy (ASX: BOE) outperformed as utilities returned to the spot market and long-term contracting resumed. 🡲 Looking ahead: The market will increasingly differentiate between resource holders and those moving into production. ESG-backed capital will continue flowing, but only toward projects with robust execution, permitting certainty, and defined offtake pathways. Technology & Innovation AI shifted from hype to healthcare—and infrastructure While generative AI continued to capture global headlines, on the ASX, the most meaningful tech gains came from real-world application, not hype cycles. Key 2025 movements: EchoIQ (ASX: EIQ) secured its first major U.S. commercial integration, following its 2024 FDA clearance for AI-assisted detection of structural heart disease. This milestone triggered momentum towards CPT reimbursement codes and hospital rollout across the U.S. Spenda Ltd (ASX: SPX) expanded its B2B payments ecosystem, integrating AI-driven analytics to enhance SME credit visibility. BluGlass (ASX: BLG) pushed further into the quantum and photonics space, leveraging its RPCVD technology for chip-level innovation. 🡲 For 2026: Investors will focus on unit economics, scalability, and partnerships—especially in AI/medtech, cybersecurity, and quantum sectors. With Nasdaq valuations normalising, ASX tech players will be expected to show clear revenue paths and real-world traction. Healthcare & Biotechnology Clinical milestones and funding survival sorted the leaders from the pack 2025 was a year of reckoning for ASX biotechs. Capital was selective, and companies that executed clinical or regulatory milestones separated themselves from the crowd. Sector standouts: Actinogen Medical (ASX: ACW) completed dosing for its Xanamem Phase 2b Alzheimer’s trial, with topline results expected in Q1 2026. Investors are now watching closely for data readout and commercial partnering moves. Mesoblast (ASX: MSB) finally made headway with the FDA after years of setbacks, reigniting interest in its cell therapy platform. Race Oncology (ASX: RAC) advanced its RC220 anti-cancer compound, generating promising pre-clinical results that position it as a potential follow-on to doxorubicin. Emyria (ASX: EMD) gained momentum as it repositioned from psychedelic-based therapies to data-backed clinical service platforms. 🡲 Going into 2026, the emphasis will remain on clear regulatory de-risking (FDA, EMA), diversified pipelines, and cash runway visibility. Investors will reward science-backed operators with global ambitions and disciplined capital management. Real Estate & Infrastructure Rate resilience and migration drove selective opportunities Despite ongoing interest rate uncertainty through the first half of 2025, ASX property and infrastructure plays performed with nuance: Key market dynamics: Goodman Group (ASX: GMG) and Centuria Industrial (ASX: CIP) benefited from continued demand for logistics and warehousing, especially near major ports and distribution hubs. Charter Hall Social Infrastructure (ASX: CQE) outperformed as the market rotated into education and healthcare real estate, driven by demographic tailwinds. Residential construction plays remained under pressure from cost inflation, but high migration and government incentives created tailwinds for build-to-rent models. 🡲 Outlook for 2026: Watch for macro easing cycles, REITs with strong cash flows, and exposure to social and industrial infrastructure that aligns with long-term demand. Geopolitical Realignment & Emerging Markets Africa, Southeast Asia, and non-China growth mattered In 2025, global geopolitical tensions and supply chain realignments played directly into ASX-listed companies with international exposure: Relevant developments: DY6 Metals (ASX: DY6) pushed exploration in Malawi, tapping into U.S. and Japanese interest in African REE sources. Blackstone Minerals (ASX: BSX) refocused its Vietnam operations toward downstream nickel-cathode supply chains, targeting Korean battery majors. Perseus Mining (ASX: PRU) and West African Resources (ASX: WAF) benefitted from rising gold prices amid geopolitical uncertainty and USD volatility. 🡲 For 2026, geopolitical risk premiums will remain elevated. Companies with resource-nationalism resilience, multilateral funding support, or sovereign offtake partners will be favoured. How Do You Calculate Investment Required based on Expected Rate of Return on Investment? One of the key trigger points for the average investor is "How Much Do I Need to Make a Return per Month?". For example, generating a steady income of $3,000 per month from investments depends on the expected rate of return and the type of assets chosen. Here’s a simplified approach to estimate the required capital: Determine your target annual income: $3,000 x 12 = $36,000 per year. Estimate your expected annual return: Conservative investments might yield 4-6%, while higher-risk assets could offer 8-10% or more. Calculate the investment needed: At 4% return: $36,000 ÷ 0.04 = $900,000 At 6% return: $36,000 ÷ 0.06 = $600,000 At 8% return: $36,000 ÷ 0.08 = $450,000 Keep in mind that higher returns usually come with increased risk. Diversifying your portfolio and reinvesting dividends can help achieve your income goals more sustainably. Actionable tip: Consult with a financial advisor to tailor your investment plan based on your risk tolerance and financial goals. Financial planning materials for investment income calculation Practical Tips for Maximising Your Investment Returns in 2026 Diversify your portfolio: Spread investments across different sectors and asset classes to reduce risk. Stay informed: Follow market news and updates on key investment trends to adjust your strategy as needed. Focus on quality: Invest in companies with strong fundamentals, good management, and sustainable business models. Use tax-efficient accounts: Take advantage of tax-advantaged investment accounts to maximise after-tax returns. Monitor fees: Choose low-cost funds and be mindful of transaction fees that can erode gains. Set clear goals: Define your investment objectives, time horizon, and risk tolerance before committing capital. Concluding the Investment Environment in 2026 - Key Investment Trends. The year 2025 has been a period of consolidation and transition for ASX investors. From critical minerals to biotechnology, the stories that unfolded on the market were not about speculative hype but about companies demonstrating tangible progress. For followers of Samso content, the themes we have consistently discussed—sustainability, innovation, healthcare, and global realignment—have each provided their own set of examples that help us better understand the forces shaping the market. Sustainability remained at the forefront, with projects such as Sovereign Metals’ Kasiya rutile-graphite development and Peak Minerals’ focus on rutile in Western Australia drawing attention to how critical minerals fit into the global decarbonisation effort. These stories highlighted the importance of long-term strategic positioning rather than short-term price action. Technology and innovation also featured strongly. Conversations with companies like EchoIQ (ASX: EIQ) reminded us that artificial intelligence is no longer a distant concept—it is being applied to address real challenges in healthcare, with FDA-cleared tools now making their way into hospitals. This is a continuation of a theme Samso has been exploring for years: the intersection of technology with practical outcomes. In healthcare and biotechnology, the year brought both challenges and breakthroughs. Actinogen (ASX: ACW) progressed its Alzheimer’s trial, while companies such as Mesoblast (ASX: MSB) and Race Oncology (ASX: RAC) kept the narrative alive around innovation in treatments for complex diseases. These developments illustrate the patience required when investing in this sector, something Samso has often emphasised in past discussions. Real estate and infrastructure were shaped by the same forces we have written about previously—population growth, logistics demand, and the ongoing need for social infrastructure. The performance of groups such as Goodman (ASX: GMG) and Charter Hall (ASX: CHC) served as reminders of how demographic shifts and structural demand underpin certain investment stories, regardless of short-term sentiment. Geopolitics also remained an unavoidable backdrop. ASX companies active in Africa and Southeast Asia, such as DY6 Metals (ASX: DY6) and Perseus Mining (ASX: PRU), highlighted both the opportunities and the risks of looking beyond Australia. These are not new ideas for Samso readers—we have long pointed out that resource narratives often sit within broader global supply chains and geopolitical realities. Samso Concluding Comments Looking back, 2025 has underscored many of the recurring themes we have explored on Samso over the years. The lessons have been less about telling investors what to do and more about recognising how markets evolve and how companies adapt to change. As we move towards 2026, the challenge remains the same: to follow the stories, understand the context, and see how they fit into the broader investment landscape. At Samso, the aim has always been to provide that context, separating the signal from the noise, and letting readers form their own conclusions about where the opportunities may lie. As we head into 2026, investors would do well to ask: Who has moved beyond promises and delivered milestones? Which teams are aligned with structural tailwinds and de-risked jurisdictions? Where is the capital disciplined and product-market fit real? At Samso, we continue to believe that insight comes from looking deeper than the headlines. The signals are there—you just need to tune into them. Cover photo: Brussels Stock Exchange (1), Bernard Lee. CC0, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Brussels_Stock_Exchange_(1).jpg) The Samso Way – Seek the Research At #SamsoNews, the focus is always on separating signal from noise and grounding every analysis in facts and context. Real insights only emerge when investors take the time to do their own research and look beyond the headlines. 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.