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Samso Insight Episode 105 is with a legendary journalist in the Australian Minerals Industry, Ross Louthean. Ross Louthean is a journalist who has been active in this industry since the 1970s and he has seen everything that has come across the ASX, good and bad. This is a special episode of Samso Insights as I try to get the legendary Ross Louthean to share his thoughts on our mineral exploration industry. Our conversation centered on his experiences over the years and how the industry has changed since the early days of "punting" the stocks that is in the everyday lives of small cap investors today. I will be getting Ross back on Samso Insights as he has many more nuggets of wisdom to share and one episode will not do it justice. So look out for more content from Mr. Louthean in the coming future. Dont forget to check out https://www.australiannickelbook.com/ where you can purchase the book on Australia's nickel Adventure. Chapters 00:00 Start 00:20 Introduction 01:11 About Ross 02:35 How do you stand out from the crowd? 04:13 Strength of commodities 07:15 Paid journalism 08:55 Any regrets about past stories? 12:21 Golden years in New Zealand? 15:03 Sharing about a processing hub. 18:15 Is it harder to find discoveries now? 19:53 Long term commodities. 20:36 The Lithium and Rare Earths story. 24:25 The Poseidon Story. 27:55 All-in sustaining costs in mines. 29:08 Looking back at Kalgoorlie and other mining towns. 30:21 How do companies stand out from the crowd? 32:05 Words of wisdom to mining companies. 32:54 What should gold miners do to get up on the podium? 34:01 Words from Ross. 35:43 Conclusion PODCAST About Ross Louthean Journalist Ross Louthean began his media life in the engine room of WA Newspapers in the early 1960s. He wrote for the West Australian and Daily News, and then joined the Whyalla News and after 18 months became regional journalist for ABC News in Port Pirie. Ross was then transferred to the same position in Kalgoorlie at the start of the nickel boom and two years later joined the Daily News as a business and political writer, then became a freelance writer with a photographer in Kalgoorlie for several publications. He was later lured to Sydney by Max Newton to edit The Australian Miner but with changes in that empire, he returned to Perth to launch the National Miner and later the Register of Australian Mining for Lang Hancock. Later he started Mining Monthly and Lodestone Press. When this business was sold, Ross developed ASX listed Resource Information Unit. When the company was delisted, he left to develop Louthean Media (later Paydirt Media) before becoming a freelance writer working for overseas publications and websites. This journey led to the partnership with Carl Knox-Robinson to develop NZResources.com which ran for several years before the changing political views in New Zealand made it unviable. Louthean writes for friends' websites and remains on the committee of Diggers & Dealers, and co-wrote three books “The Mining Revolution (on diamonds), “Australia’s Nickel Adventure” and “Doug McGay Story - From Paddy Hannan to Genghis Khan” . Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso ASX stories are also through the Brilliant-Online channels. Subscribe to Brilliant Investments.

Samso Insight Episode 107 is with Andrew Drummond who is the author of two books, Rocks In Our Heads and More Rocks In Our Heads. Andrew Drummond is a seasoned geologist who has seen and done numerous things that can only be described in a book and on Samso Insights. The book is a compilation of stories that showcase the extraordinary lengths which geologists are willing to go for the love of the job. This is a great insight into the thinking and the passion that make geologists such a special breed. Geologists do what they do for the love of the adventure and the discovery. I think this is the nearest profession that takes the mind into the realms of adventure - the kind of adventure that is promoted in movies such as "Raiders of the Lost Ark". These guys are the "Indian Jones" of the world. The guy sitting in the African, South American, Mongolian pubs after a day´s work is what this book brings to the everyday readers. People today think that the guy in the office is the real geologist or the guy sitting on a drill rig logging cores. They are not the ones that make these jobs available. It is the one who goes into the heat, rain, and sometimes dangerous places that makes projects work. A story that I know which is not in any of the books, is that of Caigan Wang, the Managing Director of Tietto Minerals Limited (ASX: TIE) who has the sheer tenacity of going into the business of Africa to get the project for the company. The story of Caigan Wang is a story that could be in the two books written by Andrew Drummond is all about. If you want to have a good read about how some of these non-Australian projects work and not work, or have an understanding of the amount of work that is required, get these books and get ready for the real adventure of exploration. You can get these books by emailing Andrew Drummond at andrew@ajdrummond.com.au. or visit www.morerocksinourheads.com.au Chapters 00:00 Start 00:20 Introduction 01:29 Andrew Drummond - Introduction. 02:54 The Background of Rocks In Our Heads. 05:52 The Essence of the Book. 06:24 Rob Duncan - A Chopper In Poli, Cameroon, 1975. 10:03 Do the old levels of determination still exist? 11:22 Tony Gates - East Timor, 1999. 14:49 Andrew on the future of the mineral exploration sector. 19:10 Rome was not Built in a Day. 22:11 The rollercoaster ride of a Geologist. 23:34 The exploration surprises. 24:14 Are there still Giant deposits to be discovered? 26:03 Where could be the next Frontier? 28:00 The Wild Card discovery of Julimar. 28:36 The Key of a Mineral System Exploration. 29:09 The Difficulty of Making a Discovery - More Rocks In Our Head. 31:05 More Rocks In Our Heads - Ore Bodies are Hard to Monetise. 33:09 The Hard stories of Real Mineral Exploration. 34:20 How do you Convince the Market you have a Good Project? 37:26 The Opportunities of a Big Brother. 38:30 The Motivation of the Chase to Discovery. 41:26 Andrew´s reflection on the two books. 42:22 Conclusions PODCAST About Andrew Drummond Author and Geologist Andrew has recently retired from the mineral industry. He had a strong and successful background in the identification and acquisition of major mineral properties and projects; promoting and raising and managing of capital for their advancement; and in listing and managing public companies. He has been a, or the, principal driver of ASX-listed Zephyr Minerals NL (now Lepidico Minerals Ltd), Westonia Mines Ltd (now Evolution Mines Ltd), Bonaparte Diamond Mines Ltd, and Minemakers Ltd, for each of which he has been an executive director. He has also been a director of several other ASX-listed and public unlisted companies, and of companies listed on the Toronto or Namibian stock exchanges. Andrew had extensive experience in exploration, feasibility and mining in Australia, New Zealand, Namibia, The Philippines, Russia, China and several other countries. Andrew is a geologist, having graduated with B.Sc (Hons) from Adelaide University in 1973. He is a FAusIMM, MGSA, and MAIG. He has recently collected and edited a suite of stories, by largely Australian geologists concerning their efforts trying to find, deal upon or develop mineral deposits in far flung and exotic parts of the world. The stories have been published as "Rocks In Our Heads". The second book is called "More Rocks In Our Heads". Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso ASX stories are also through the Brilliant-Online channels. Subscribe to Brilliant Investments.

Coffee with Samso Episode 126 This story from Alex Biggs, Managing Director of Critical Resources Ltd (ASX: CRR) is gathering momentum for Critical Resources Limited in the Lithium and Zinc space. Alex gives us a rundown on the 2022 path for the company with Mavis Lake Lithium project, the Halls Peak Base Metal project and the new acquisition of Plaid and Whiteloon Lake Lithium projects. When I first looked at Critical Resources Limited, I was interested in the Halls Peak project and this story is now at the cusp of drilling for lithium in Canada. As we all know, lithium is the magic word, and with the onset of a world of No Emission and electrification of power, this is going to be a space that will continue to grow. One of the major factors that will affect demand is the jurisdiction of projects. What that means is that the ESG factor is not only going to play a role but a major one in determining the demand for your product. Chapters 00:00 Start 00:15 Introduction 00:54 Alex Biggs update 01:39 Halls Peak 05:03 Potential of Halls Peak. 07:18 The New England Fold Belt is Prospective. 07:57 What's the money market telling you? 10:02 What's the time frame on drilling in Canada? 11:29 Taking a big tenement area in Canada. 13:17 Realisation that the demand for Lithium batteries is bigger than first thought. 15:07 Key driver of future Critical metals demand is the emergence of EV and ESG. 17:04 The role of Jurisdiction. 18:02 Decoupling of world from reliance on China and the market expectations on confidence in 2022. 19:23 Consistent flow of news is key. 20:50 What is the news flow for the next 12 months? 23:05 Conclusion PODCAST About Alex Biggs Managing Director Alex Biggs is a qualified Mining Engineer, educated at the Western Australian School of Mines. He has experience in operations, consulting and finance with a focus on feasibility studies, financial modelling, project evaluation and project management. He also has experience in capital raising, both equity and debt as well as deal structuring and significant commercial expertise. Alex has a strong focus on underground and open-pit hard rock mining in multiple commodities. He has held various positions at companies including Venturex Resources, Palisade Capital Corporation, Barrick Gold as well as Principal positions in consultancy and advisory capacities. Alex joins Critical Resources as Chief Executive Officer to further the company’s assets and build a strong, sustainable future for the company and its shareholders. About Critical Resources Limited (ASX: CRR) Critical Resources Limited is a base metals exploration and development focused company headquartered in Perth, Western Australia and is listed on the Australian Securities Exchange (ASX: CRR). The Company has the Halls Peak Base Metal Project in NSW and has recently acquired the Mavis Lake Lithium Project in Canada. Mavis Lake Lithium Project The Mavis Lake Lithium Project is 19 kilometres east of the town of Dryden, Ontario. The Project is in close vicinity to the Trans-Canada highway and railway major transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west. The region boasts excellent infrastructure with hydro-power located a few kilometres to the southwest of the project. The region is a well-established lithium province with multiple projects located within the vicinity. Previous drill programs have yielded high-grade Li2O intercepts including 55.25m at 1.04% Li2O from 80.75m in drill hole MF18-531,4 and 26.30m at 1.70% Li2O from 111.9m inc. 7.70m at 2.97% Li2O from 130.5m in drill hole MF17‐491,3 presenting significant exploration potential. Latest ASX Announcements - Lithium Project Acquisition ESS: Sale of Mavis Lake Lithium JV Interest Canadian High Grade Lithium Asset Binding Terms Sheet Signed Airborne Survey to Start Immediately at Mavis Lake Lithium Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso stories are also featured on Brilliant-Online. Read their investment column and subscribe to Brilliant-Online so you don't miss a beat.

Samso Insights Episode 102 The Story So Far In recent months, Rare Earth Elements (REE) has taken a turn from a forgotten story into one where it is taking some shine away from Lithium. When I first looked into the world of REE, there was only a handful of companies on the Australian Stock Exchange (ASX) with REE. The Rare Earth story has always been dominated by China. Investors in this sector know that all things REE flow from China and they control the market. In the post-COVID era, the changing face of geopolitics appears to be altering the narrative. There is now a concerted effort by Western governments to support and encourage the REE sector. The comments that I received prior to COVID was that the price differentiation from Chinese sources were creating a large void in the competition. I am not sure if the movement is creating a true or false path to an economically viable REE market. Time will tell if all the talk will create a true sustainable marketplace for REE outside of China. What are Rare Earth Elements? Investors who look at the REE story must have a good understanding of the type of elements that are "abundant" in grade and volume. Once you have a good understanding of that, you then need to understand if there are metallurgical issues. Personally, I am still trying to do my own research. The rare earth elements (REE) are defined by the International Union of Pure and Applied Chemistry (IUPAC) as the group of 17 elements that include scandium, yttrium and the 15 lanthanoid elements (also called lanthanides) lanthanum through to lutetium (Table 1). The name “rare earth” was given by early chemists in reference to the difficulty in separation of the elements from each other (Chakhmouradian and Wall, 2012). For convenience, geologists usually group REE into the light REE (La-Sm, LREE) and heavy REE (Eu-Lu, Y, HREE). Sometimes, as is often done by chemists, it is useful to add a mid REE category, for Sm-Dy. Didymium, originally a mixture of Nd and Pr, neighbouring elements that are particularly difficult to separate from each other, is a term used in commercial applications to refer to the LREE, La, Nd, Pr after separation of Ce. (source: Rare Earth Elements : Frances Wall, in Encyclopedia of Geology (Second Edition), 2021) There is a firm understanding that Neodymium (Nd) and Praseodymium (Pr) are the two sexiest elements of the list. These are the ones that are most widely sought after when we look at an REE project. They are part of the permanent magnet story. Table 1 show the suite of REE and their uses. One can see that there are multiple uses and I challenge the average punter to tell me what grade or volume is good. Table 1: Rare earth element (REE) properties and uses. Cation radius values from Krishnamurthy and Gupta (2015). Crustal abundance from Taylor and McLennan (1985), Sc from webelements.com. Uses from www.rsc.org/periodic-table. In Table 1, you will also see the complexity that lies in just reading the numbers that companies put out in their announcement. I am no expert in this sector and the complicated nature of REE makes it hard to have an educated opinion on this topic. I am still struggling to get a firm understanding of what is viable as an economic story, especially now with the flow of ionic REE clays. The Old Guards in the REE sector When I first started to look into this sector, I was looking at Arafura Resources Limited (ASX: ARU) and Northern Minerals Limited (ASX: NTU). I think Lynas Corporation (ASX: LYC) was around, however, I am not that sure if I had known about it. Hastings Technology Metals Limited (ASX: HAS) was just a minnow of what it is today but I am also thinking that this was not a household name at that stage. Let's look at some of the older guards of this sector. These companies have been around for a long time and they enjoyed the rise of the market around 2010-2011. The bear market for the REE has seen some hardships and one company, Lynas, has risen above all players with some innovative strategies and some very hard work. As you can see in Figure 1, Northern Minerals has had a long history but the share price journey has not been kind. This may be due to the 5B shares issued and a market that has not ben kind to the shareholders. Figure 1: The share price chart for Northern Minerals Limited since 2006. (source: www.commsec.com.au) In the case of Arafura, they have been seeing a fair bit of attention lately which is pretty much in line with the market sentiment. ARU has a market capitalisation of 525.9M (28 September 2022) with about 1.8B shares issued. Figure 2: The share price chart for Arafura Resources Limited since 2006. (source: www.commsec.com.au) Lynas, which in my opinion is the only real REE player outside China, is the stand out performer. They are the only producer, so you would expect them to be the best performing company in this sector. Lynas has a market capitalisation of AUD$6.634B with just over 905M shares issued. As you can see, there is a big gap between these three REE players. Figure 3: The historical share price chart for Lynas Corporation Limited. (source: www.commsec.com.au) The up and coming player is Hastings Technology Metals Limited (ASX: HAS). Hastings has had a long, hard road to get to where they are now. They have a market cap of AUD432M with 116M shares issued. If I am not mistaken, there was a consolidation of shares which may have happened at the right time. Hastings is one of the beneficiaries of the recent rush into the REE sector. Figure 4: The historical share price chart for Hastings Technology Metals Limited. (source: www.commsec.com.au) Ionic Clays Recently, the REE market is being introduced to REE in clays. I have learnt about these clays and as the definition described below mentions, they are abundant in China and Myanmar. The grades are always lower than the hard rock versions (Northern Minerals and Arafura) but they are cheaper and easier to extract. In China and Myanmar, traditionally, the methods used to extract the REE are not the most environmentally friendly. The miners would not be winning any ESG (Environmental, Social, and Governance ) awards. According to a definition from Science Direct, Ion adsorption-type REE deposits (also called ion adsorption clays or weathered crust elution deposits) consist of REE adsorbed to the surface of the clay minerals, kaolinite or halloysite (Sanematsu and Watanabe, 2016). They are the world's main source of HREE and mined almost exclusively in southern China (and in Myanmar). The key ingredients are most often an underlying granite, although deposits also form on alkaline rocks (Estrade et al., 2019), and the existence, prior to weathering, of soluble REE-bearing minerals in the granite, such as REE fluorcarbonates, eudialyte and allanite. Formation of clays, by alteration of feldspar in the weathering profile, releases REE from the mineral into the weathering profile such that they can be adsorbed onto the surface of the clays (Fig. 5). Weathering should not be too intense so that breakdown of the clay or dissolution of the REE do not occur. Figure 5: A simplified profile through an ion adsorption-type REE deposit. (source: Science Direct) Modified after Sanematsu K and Watanabe Y (2016) Characteristics and genesis of ion adsorption-type rare earth element deposits. Reviews in Economic Geology 18: 55–79. Which Companies are into Ionic Clays? As I mentioned earlier, there is an increasing trend of companies coming out with REE occurrences and they are getting a lot of attention. This trend seems to have taken some of the limelight that Lithium had been basking in for the last few months. Companies are re-assaying their drill core and drill spoils to check for REE. It's kind of like the early stage of the lithium boom when gold companies were re-analysing their core for lithium as they learnt that those boring pegmatites were carrying a mineral call spodumene which is a lithium bearing mineral. Previous companies that have been on the Samso platform are doing just that with Indiana Resources Limited (ASX: IDA) and Venture Minerals Limited (ASX: VMS). Their respective announcements in relation to the REE story are listed below. What is most interesting about the recent rush of REE Ionic Clay stories is that I am starting to see who may have the source and who may be just getting some "hits". Indiana Resources Limited: FINAL ASSAYS CONFIRM SIGNIFICANT REE DISCOVERY CENTRAL GAWLER CRATON Venture Minerals Limited: Venture unearths REE mineralisation immediately adjacent to Tin Zones at Mount Lindsay As I learn about this topic, I am now looking at Venture Minerals closely as the recent discovery could mean positive credits to their tin-tungsten project. I cannot speak for other projects as I don't have intimate knowledge. What I can say is that if Venture Minerals can create more intersections of REE in the project, then this will make a very interesting mix for their aspiration to mine Mt Lindsay. In Figure 6, which I have taken from the Venture Minerals announcement, you can see that the REE are being found within the ore body. Whether this is a good thing or not, I will need to have a chat with Andrew Radonjic, Managing Director of Venture Minerals Limited to find out. Figure 6: Reward geology map with La + Ce soil anomalies, drill hole location and gravel sample locations. (Source: Venture Minerals Limited) Lessons Learnt So Far In my need to get some more of these stories onto the Samso platform, I have only been successful in getting Mount Ridley Mines Limited (ASX: MRD) to talk about their Mount Ridley Project in Episode 150 entitled "Mount Ridley Mines Limited (ASX:MRD) - A Rare Earth Story." What came out of the Coffee with Samso episode was that everyone is still learning about what they have, how much, what it means as an asset and what they need to do to monetise this asset. What is very obvious to me now is that we need to think of the ionic clay story like an alluvial gold story. The parts that make any alluvial story tick will most likely be the same for an ionic clay project. In the conversation with Guy Le Page in the Mount Ridley story, he mentions this very point. There are still lessons that are required to be learnt in how to treat the REE within the clays. What will make everything work is the presence of good infrastructure. This is very important. Fortunately for MRD and VMS, that they do have. In VMS, the REE could be the missing link to the Mount Lindsay project. The sweet sauce that is required to make the whole Tin-Tungsten project work could well be the presence of REE. The Problem with REE Ionic Clays According to Samso The issue with REE is that they are not RARE. The only people who are experts and know what they are dealing with are the Chinese. These are the facts of the REE industry. The extraction of REE from the clays in principal is very simple. The science to extract the REE from the clays is where the problem begins. What I have learnt and appear to understand is that the measurement of a good Ionic Clay REE deposit is not in the grade nor the volume. It is the proficiency of extracting the REE out of the clay. I cannot go into details of the process because I don't know enough. I try to glean what I can from conversations with people in the industry and it all made sense when we were talking. I am sure in time, there will be enough understanding for the average investors who are putting their money into companies. Check out this article: A Short Review on REE Recovery from Ion-Adsorption Clays. Conclusions This Samso Insight is a brief commentary on my thoughts about the current energised REE sector within the ASX. I don't have enough information to fully understand what is a good project nor what is a bad project. There is no doubt that there are REE stories coming out constantly, and investors who are looking at these announcements must surely be as confused as I am. What I have learnt is that the extraction is possible and that has been proven by the Chinese models. There is no secret in this part of the conversation. As we know in any mining operation, there are many parts to consider and these parts can move so the variables to consider are important. As I mentioned earlier, in the conversation with Guy Le Page, there are still lessons to learn in terms of the treatment of the ore. There are ESG factors that will be a barrier which companies must consider. I had a revelation as I was researching this Insight. REE mining could be a credit to a complementary mining process. Like the potential of Red Dirt Metals Limited (ASX: RDT) having a known gold resource alongside their lithium project. The credit from the gold mining will significantly reduce the cost of mining. The credit created will ultimately allow the extraction of the lithium ore at a lower cost. When I saw the announcement that came from Venture Minerals, my immediate thought was that if they can monetise the REE, this could definitely create a positive credit flow into their flow charts. What may have been a marginal mining project may well suddenly become very profitable. For Venture Minerals who are already in the Critical Mineral space, this may enhance their stature in the future of mining with a greener environment and be at the forefront of the business of Green Energy. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso ASX stories are also through the Brilliant-Online channels. Subscribe to Brilliant Investments.

Coffee with Samso Episode 130 is with Andrew Paterson, Managing Director of Great Boulder Resources Limited (ASX: GBR) I have been an advocate for mineral exploration for a long time and the recent discovery of Side Well Project continues to confirm my narration. I have been chasing the Great Boulder story for a long time. I think I started the chase in 2020 and today I have finally managed to get Andrew Paterson on the show. I would have liked to have gotten the story before the recent discoveries, but that seems to be the Samso luck. We may have missed out on a few stories but after having this conversation, I think there are still more to be made. When I first looked at Great Boulder Resources, they were a company with a market capitalisation of less than AUD10M. Today as I write this, they are sitting at AUD52M. As a punter myself, one can see this as a 5 bag investment that has been played out. However, if you look at what the company has (a discovery) and doesn't have (a resource or even the initial information of building a resource), the AUD52M market cap is the premium you would pay for a safer "punt". As we all know, "investing" in these kinds of companies is a hit and miss at the best of times, but in my opinion, in these extraordinary times in this sector, it is worse. I cannot stress enough the need to look deep into the technical aspects and the management of the company. There are so many factors out there currently that could threaten to make the life we now have even more tense and complicated. We don´t have to look further than the situation in Ukraine and the inflationary circumstances of the post pandemic world. Investments of all sorts must be more calculated than before and putting your money into exploration stocks comes with even greater risks. Great Boulder has some great stories, and the fact that this is a new discovery in a new tectonic setting is very attractive. Patience is key for Great Boulder, and by the looks of things, they have most likely discovered a new mineral camp or province. Take your time and watch this Coffee with Samso. I encourage viewers to reach out to Andrew and ask him questions. Andrew comes across as a straight shooter and is technically versed to share his thoughts. You will see in the video that he has not once taken the blue sky narrative. Instead, he keeps his expectations at the reality level and at the same time, he opens up thoughts of what could be if things go their way. Chapters: 00:00 Start 00:20 Introduction 02:22 How is Andrew's mining experience helping his current position in GBR. 05:43 The Side Well Story. 09:42 What was the target that discovered Side Well? 11:34 Is this a new camp or province for gold mineralisation? 15:47 Is the epithermal system creating the higher gold grade? 16:22 Diamond drilling is happening now. 16:39 Is continuation of mineralisation expected? 17:33 The 500m prospective 500m gap. 18:35 Is the geophysics helping exploration? 19:31 Wellington Project. 21:15 The nearology concept. 21:34 Whitehead Project. 22:50 The grades and intercepts at Whitehead is not small. 24:32 Will the prospectivity of Whitehead create an issue for GBR in terms of work required? 25:58 Focusing on what is best for the company is critical. 26:47 Gold market conversation. 29:32 What is the News flow? 32:32 Where is the confidence of drilling results coming from? 35:51 Is your understanding of geophysics and geochemistry driving your drilling confidence? 37:51 What would you say to investors who think the share price uplift is over? 38:59 GBR value should be higher with the potential to come. 40:13 Last words from Andrew. 42:36 Conclusions PODCAST About Andrew Paterson Andrew is a geologist with over 25 years’ experience in mining and exploration in Australia and PNG. After graduating from WASM in 1993, he spent several years in surface and underground gold and nickel mining operations around the WA Goldfields before moving into a management role with Harmony Gold. Since then, Andrew has managed diverse programs exploring for gold, nickel, iron ore and lithium for companies including Atlas Iron and Focus Minerals. In 2016 Andrew was part of the management team that recapitalised Kingston Resources, leading to Kingston’s successful acquisition of the 2.8Moz Misima Gold Project in PNG. About Great Boulder Resources Limited (ASX: GBR) Great Boulder is a mineral exploration company looking for gold and base metals in Western Australia. With over 1,000km2 of tenements spread across its key projects at Kalgoorlie, Meekatharra and Yamarna the Company is leveraged for exploration success. Having made two large-scale copper-nickel sulphide discoveries at Yamarna within two years of listing, GBR has a track record of exploration success backed by a strong technical team. Early-stage exploration success on the gold projects in recent months have now set the Company up for an exciting year ahead. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Also featured on Brilliant-Online

Coffee with Samso Episode 143 is a mineral exploration story with Ian Warland, Managing Director of Cooper Metals Limited (ASX: CPM) chasing for Copper and Gold. Ian Warland is an exploration geologist with more than three decades of experience. He joins us for a coffee chat today as he shares the concepts of the Cooper Metals story. In this episode of Coffee with Samso, Ian gives us a thorough update on what is happening with their Australian projects in Mt Isa East, Queensland and the Gooroo Gold project in Western Australia. The recent interest in the Mt Isa region is set for exploration activities that are slowly taking shape. As the company is getting ready for more exploration activities, we learn about what is happening and why viewers should be getting some good old DYOR happening. Cooper Metals still has a fairly low market capitalisation so I urge viewers to watch and contact Ian to understand more about the company. Let's listen to these chapters: 00:00 Start 00:20 Introduction 01:02 Ian Warland introduces Cooper Metals Limited. 01:31 Quick run down on the RC program at King Solomon and Python. 04:27 The significance of the ground proofing. 04:54 Difference between EM and Fixed EM Loop. 06:25 The evolution of Geophysics in exploring for Base Metals. 07:42 Importance of modern technology advances like Geophysics. 09:15 Geophysics saving exploration expenditure. 09:41 Gooroo project. 12:07 Geophysical targeting. 12:33 Market expectations. 13:27 Current market flow. 14:34 Conclusion Podcast About Ian Warland Managing Director A highly experienced and successful geologist with 25 years’ experience in Australia and internationally over a wide range of commodities. Notably, a career highlight was being joint recipient for “Explorer of the Year” in 2006 for the discovery of the Jacinth and Ambrosia zircon-rich mineral sand deposits. Ian holds a Bachelor of Applied Science Geology with First Class Honours and university medal from the University of Technology Sydney. He also has a Graduate Diploma of Applied Finance and Investment and an Associate Diploma in Environmental Control. In the last ten years Ian has worked primarily in the junior exploration sector as a geological consultant and in senior management positions for Musgrave Minerals and Marmota. After leading Twenty Seven Co Ltd as their CEO for the last three years, Ian is now Managing Director of Cooper Metals. About Cooper Metals Limited Cooper Metal’s flagship Mt Isa East Cu-Au Project covers over 1300 sq km of tenure with numerous historical Cu-Au workings and prospects already identified for immediate follow up exploration. The Mt Isa Inlier is highly prospective for iron oxide copper gold (IOCG) and shear hosted Cu +/- Au deposits. Mt Isa East is complemented by two early stage Projects in WA within proven well mineralised districts. The Yamarna Gold Project located along strike from Gold Roads 6.16 Moz world class Gruyere Gold Deposit (ASX: GOR) has an extensive length of untested Dorothy Hills Shear Zone that was important in the formation of Gruyere < 10 km to the southeast. Lastly the Gooroo Cu and Au Project covers newly identified greenstone belt ~20 km from Silver Lakes Deflector mine. The 26 km expanse of covered greenstone belt has had almost no exploration and was only added to government geology maps in 2020 after reinterpretation of geophysical data. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

Coffee with Samso Episode 178 is with Kevin Das, Executive Director of West Cobar Metals Limited (ASX: WC1) The REE story is maturing for investors as the complexity of what a good REE project is has moved several levels. What is still lagging is a sound grounding on what exactly is an economic REE. There have been several stories on Samso but I have to admit that the jury is still a long away from a decision. When Kevin Das, the Executive Director, of West Cobar Metals approached me to engage a Coffee with Samso, we spoke deeply on what makes West Cobar different to other REE stories. The first major difference is the existence of a JORC resource for the Salazar REE project. This resource does give WC1 a first mover advantage but the competition is fast catching up. The details of the resource may ultimately be the difference but we will need to wait for some critical steps such as the metallurgical results. The other factor which would drive this story further is the fact that the deposit sits on top of an ultramafic base. What this means is unknown for now. There is evidence of other deposits that the enrichment of the REE is related to the base. Salazar is the only REE deposit that I know of that is not on a granitic base. To add to the story, there is an HPA story here. There is an aluminium inferred resource on part of the Salazar resource. This may become a credit to the mining process and hence benefit the overall feasibility of the deposit. The West Cobar Story West Cobar is a minerals exploration and development company focused on rare earths and battery minerals within Australia and the US. Their projects include: ​1. The Salazar REE Project​ The Salazar Rare Earths Clay Project is located on non-agricultural undeveloped state land approximately 120km north-east of the township and deep-water port of Esperance in Western Australia. The Newmont deposit, located on the easternmost tenement at Salazar, contains an estimated JORC Inferred Mineral Resource of 43.5Mt at 1192ppm TREO + Y2O3 (500ppm cut-off). The O’Connor prospect to the west of Newmont has potential to host further significant high-grade rare earths mineralization. 2. Nevada Lithium Project The Montezuma Well and Big Smoky Valley claims are considered prospective for large-scale sedimentary-hosted lithium claystone deposits. The claims are located within the world class mining-friendly jurisdiction of the Nevada lithium district and host similar geology to known major lithium deposits in the region – including American Lithium (TLC deposit), American Battery Technology Company (Tonopah Flats deposit), Ioneer (Rhyolite Ridge deposit) and Century Lithium (Clayton Valley deposit).​ 3. Hermit Hill Lithium Project The Hermit Hill project area is located in the Litchfield Province in the Northern Territory, roughly 100km south-southwest of Core Lithium’s Finniss Lithium Project and Lithium Plus Minerals’ Lei lithium prospect, and 30km west of Ragusa Minerals’ Tank Hill lithium discovery. The project is prospective for pegmatite-hosted lithium mineralisation. The West Cobar Difference Currently, on the Australian Stock Exchange (ASX), there seems to be an overflow of REE stories. Every week there are companies announcing the presence of REE and one could be forgiven for feeling a sense of boredom. When the REE story emerged nearly 2 years ago, there was excitement and a bullish feel to this sector. However, as investors start to get a flood of news, this excitement starts to turn into confusion. What I can say about the Salazar REE deposit is that it holds a few points of difference. It is still a clay hosted deposit as opposed to the ionic versions but the high grade nature of the resource - 43.5Mt @ 1192 TREO, makes this one of the deposits to take note. On top of the REE resource, there is an HPA inferred JORC Resource of 28.3 Mt at 23.4% Al2O3 (at 10% cut off). How this adds to the economics of the mining of the Salazar REE story is yet to be played out. The positive would be that it adds credit to the process and lowers the overall feasibility and the downside is that it is mined and put aside. As the HPA content is part of the overall Salazar deposit, it means that there is no extra cost in mining it or isolating it. The clay mineralisation at Newmont has a relatively high magnet rare earth oxide content comprising about 25% of the basket. In particular,, the Newmont deposit is relatively high in high value, heavy magnet REE content, comprising 3% dysprosium and 0.5% terbium content. Praseodymium makes up 4.2% and neodymium 16.8% of TREO (See Figure 4). The other factor which may eventually affect the leachability of the deposit may lie in the fact that this deposit is overlaying a ultramafic (Amphibolite) basement. Like many of the REE stories, the outright understanding of the flow chart of processing is still a work in progress. This ultramafic basement is the key difference as all the other known Australian clay hosted deposits sit over granitic source. Samso's Conclusion These days, there is a large volume of REE deposits being marketed. We know that there is a Clay-hosted and an Ionic-hosted REE deposit. The difference is in the ability to easily extract the REE in the downstream process. I have spoken to people who tell me that the difference is not a physical or grade factor, but in the test of whether they are easily leached out. The host of ionic deposits are not restricted to the Chinese version as they are also granitic base. I know of an Australian ionic style being hosted over a limestone which is totally different. I am told that research has shown that the enrichment may be helped by the limestone interface. If this is true, will the fact that the West Cobar deposit being overlaying an ultramafic source lead to a different leaching style? Management seems optimistic but let's wait for the facts. If we want to look at which of the REE stories are going to have the legs to be at the mining and processing stage, then the oddballs like the Salazar REE project should be on our watch screens. Remember that there is also the potential for the mining of the HPA which is again something that is not present in all the other stories presently being sold in the ASX. Chapters: 00:00 Start 00:20 Introduction 01:29 About Kevin Das 02:01 Kevin’s experience at Northern Minerals 03:44 The Salazar Rare Earth Project 04:21 The unique aspect of the Newmont deposit 05:37 The drill results at Salazar 06:29 Is Salazar the only Resource in the Esperance REE Province 07:09 Understanding the drill results 10:34 West Cobar Metals being a first mover 12:14 The Alumina resource in Newmont 16:31 Projects in the US 17:21 Discussion about the journey of rare earths 21:52 The rare earths capital market 23:49 News flow 26:54 Challenges faced by West Cobar Metals 29:01 Why West Cobar Metals? 30:02 Conclusion PODCAST About Kevin Das Executive Director Kevin Das is an Australian qualified mining professional with over 18 years’ experience in the exploration and mining industry. He has worked in a variety of mining jurisdictions as a senior geologist and has undertaken various technical and corporate roles including business development, project management and company management. Kevin established the ARD Group in 2016 with the goal of establishing a multi-discipline fund that would effectively allocate capital into the natural resources sector. Kevin is the Co-founder and Director of ARD Group. With over 12 years’ experience in the rare earth industry and formerly a Senior Geologist for Northern Minerals, Kevin was involved in the virgin discovery and development of the Browns Range Heavy Rare Earth Deposits. About West Cobar Metals Limited (ASX: WC1) West Cobar Metals Limited (ASX:WC1) is a minerals exploration and development company focused on rare earths and battery minerals within Australia and the US. The Salazar REE Project The Salazar Project comprises granted tenements E63/1469 and E63/1496 located on non-agricultural undeveloped state land approximately 120km north-east of the township and deep water port of Esperance (Figure 1). In terms of geological setting, it is situated in the eastern part of the Proterozoic Albany-Fraser Orogen, east of the Biranup and Fraser Zones, straddling the Heywood-Newman Shear Zone and Nornalup Zone. REE mineralisation at the Newmont deposit (E63/1496) is hosted by in-situ regolith over Proterozoic-aged basement rocks. A geological model has been proposed by Salazar Minerals whereby granites containing REE carbonates and other REE minerals are the source rocks for secondary REE mineralisation in the overlying saprolite profile. Mineralogical studies have indicated that the saprolite targets contain fine-grained secondary REE-bearing phosphates. Newmont Mineral Resource Salazar Minerals was one of the first companies to appreciate the potential for clay REE deposits in Australia. The tenements were first acquired in 2011 (granted in 2012) with the private company carrying out several aircore drilling programs to test for REE mineralisation. In total 165 aircore and RC holes for 6393m have been drilled within the tenements, leading to the discovery and delineation of the Newmont deposit. ​CSA Global ("CSA") was engaged by Salazar Minerals to estimate a Mineral Resource for the Newmont deposit in 2015. CSA estimated an Inferred Mineral Resource of 43.5Mt at 1192ppm TREO + Y2O3 (500ppm cut-off) in accordance with the JORC Code (2012). The Newmont deposit also hosts an Inferred Mineral Resource of 31.2% Al2O3 (15% Al cut-off) in accordance with the JORC Code 2012 (Table 2). The high-grade alumina within kaolin-rich zones has potential to be feedstock for production of high purity alumina. ​Lab test work demonstrates that this material shows high leach extraction and high purification grades to produce 99.99% (4N) High Purity Alumina (HPA). O’Connor Prospect The Salazar Project also includes the O’Connor prospect (E63/1469) which is located 10 kms to the south-east of the Newmont Deposit. The O’Connor Prospect has 32 vertical holes drilled for a total of 901 meters. Some of the drill intersections at O’Connor include: ​ SAC160, 19m @ 1939 ppm TREO + Y2O3 from 8m SAC161, 20m @ 2392 ppm TREO + Y2O3 from 7m SAC162, 19m @ 1350 ppm TREO + Y2O3 from 17m SAC179, 9m @ 3258 ppm TREO + Y2O3 from 14m SAC178, 10m @ 1586 ppm TREO + Y2O3 from 10m SAC188, 23m @ 1454 ppm TREO + Y2O3 from 16m SAC157, 17m @ 1186 ppm TREO + Y2O3 from 15m SAC159, 12m @ 1110 ppm TREO + Y2O3 from 8m Newmont Metallurgy & Studies Technical work on the deposit has involved reputable institutions including the CSIRO, the University of Western Australia and the University of Newcastle and mineral processing firms Nagrom and Amdel. Early metallurgical studies and characterisation testwork show the REE clays are amenable to acid leach processing Magnet rare earths (MREO) - Neodymium, Praseodymium, Dysprosium and Terbium concentrations up to 25% Heavy rare earth (HREO) concentrations up to 30% Critical rare earth (CREO) concentrations up to 37% Nevada Lithium Project The Montezuma Well and Big Smoky Valley claims are considered prospective for large-scale sedimentary-hosted lithium claystone deposits. The claims are located within the world class mining-friendly jurisdiction of the Nevada lithium district and host similar geology to known major lithium deposits in the region – including American Lithium (TLC deposit), American Battery Technology Company (Tonopah Flats deposit), Ioneer (Rhyolite Ridge deposit) and Century Lithium (Clayton Valley deposit).​ Hermit Hill Lithium Project The Hermit Hill project area is located in the Litchfield Province in the Northern Territory, roughly 100km south-southwest of Core Lithium’s Finniss Lithium Project and Lithium Plus Minerals’ Lei lithium prospect, and 30km west of Ragusa Minerals’ Tank Hill lithium discovery. The project is prospective for pegmatite-hosted lithium mineralisation. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso ASX stories are also through the Brilliant-Online channels. Subscribe to Brilliant Investments.

Rooster Talk 73 has Andrew Radonjic talking about the recent JV with SensOre Limited with the Golden Grove North Project. Venture Minerals Limited (ASX:VMS) which I have always referred to as a Targeted Diversified Mineral Explorer (a term I coined) has done it again. They have found a great partner like SensOre Limited to share in the potential proceeds of a very prospective project. The Golden Grove North Project When I first looked at Venture Minerals, I immediately took a liking to the Golden Grove North project. The Golden Grove Mine lies about 10km south of Venture's tenement package. In 2022, Golden Grove has a Mineral Resource of 61.4Mt at 1.7% Cu, 4.0% Zn, 0.7g/t Au and 28 g/t Ag (Source: 29 Metals Limited). The mine is now in a company called 29 Metals Limited which is copper focused. In my opinion, the region has another Golden Grove hidden. Since the discovery of Golden Grove, there has been a lack of real exploration for the last two decades. Venture has explored and there has been some great results but the company has not expanded their exploration program. The Vulcan REE Story in Golden Grove The discovery of the Vulcan REE project has stirred some renewed interest in the Golden Grove area. Venture announced that they had some surface REE numbers late in 2022. What the future holds for the REE potential will now depend on whether Venture sees a need to continue after SensOre drills the initial hole. I am sure Venture will be looking at the outcome with interest. SensOre Potential SensOre has been a new revelation recently and I am keen to see what the company comes up with in this region. I have to admit that I don't know much about the company and what they have been doing, but I have heard that they were collaborating with Great Boulder Resources Limited. They had an adjacent project but I am not sure if that is still in the portfolio. The use of AI is long overdue in this industry. We have come a long way with mineral exploration techniques making some great discoveries recently. With the conversations from Coffee with Samso, I have had the privilege of listening to the changing face of science-enhancing discoveries. I don't think that it will speed up the development of mining but it will definitely help the targeting and hence the vectoring of targets. My experience in this field has been the use of GIS since the 1990s where we tried to manually layer information to define targets. Interestingly, I found that the adoption of that was also slow and in the early days, it was the case of the lack of information and more imprtantly the lack of good information. With the recent release of free data acquired by government agencies, I think this has helped companies like SensOre use their technology to splice through the information and generate good exploration targets. Samso's Conclusion The concept of using AI, I believe, is going to play a big role in mineral exploration. The early users of this technology are going to generate targets that have been overlooked in the past. When you look at the myriad of projects that are coming up, those projects that are not a rehash of the past should be the most interesting. If you look at the recent discoveries such as Hemi, which was discovered by De Grey Mining Limited (ASX: DEG), is a classic. Hidden in between the line of old pits is an elephant of a gold deposit. There is also the discovery of a nearly 1M ounce deposit in Kundana (I forget the name) within an area that was drilled intensely. There are many but I think my point is that with carefully manicured data input, something like SensOre will probably do a better job than human means. This is not to say that the previous people who discovered these deposits were not good, but imagine if they had the technology at that time to help. The farm-in agreement between Venture Minerals and SensOre, to me, is a great partnership. As we all know, this game is all about having the properties. One of the assets I love about Andrew Radonjic and the team is to come up with great projects. The project generation in Venture is old school and they come up with great ones. The term I have used to describe Venture Minerals, Targeted Diversified Mineral Explorer, is coined such because all the projects they have are well placed for discovery. As we know, not all projects will have major discoveries but every project has the potential to have a discovery. To conclude my thoughts, this is a great path forward for both companies and I am looking forward to hearing about discoveries. The AI path of SensOre will give Venture a crack at owning a major discovery without spending additional funds. The Venture proejcts will give SensOre an opportunity to use their technology on grounds that would not have been available for a crack at discovery. Tune in to Andrew's thoughts here. Chapters: 00:00 Start 00:20 Introduction 01:21 Joint venture with SensOre. 03:29 How should investors look at the JV with SensOre? 06:23 SensOre to drill the High Grade Vulcan Rare Earth target. 09:45 Utilising SensOre’s AI and machine learning technologies. 15:05 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM Mr. Radonjic is a geologist and mineral economist with over 35 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he co-led during the discovery of the Mount Lindsay Tin-Tungsten deposit in North-West Tasmania. He is also a founding co-director of Blackstone Minerals and the non-executive Chairman of Codrus Minerals. About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world's largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work, and recently included additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been assessed in any mining studies. Borate minerals contain a large amount of Boron, a critical mineral in the solar panel industry. At the neighbouring Riley Iron Ore Mine, the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project. At the company’s Golden Grove North Project, prospective for zinc, copper and gold, Venture has a JV with SensOre, whilst retaining the rights to REEs having found very high grade REE rock chip samples in the area. Venture has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets within the Kulin Project. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. 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. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

Mining HQ Podcasts Ep. 14 - 13:13 Noel talks about how geophysics is leading the rest of the methods, as well as geochemistry. How effective are these geophysical technological advances and how are they helping in mineral exploration? Noel cites examples of how companies are employing this. Find out what Noel means when he says - "Drilling is the truth machine". Or go to 13:13 - https://open.spotify.com/episode/04nCUZK9hFRmMyMLwMZTw3 Radio Interviews with Mining HQ reaching out to 100,000 audiences per broadcast Noel Ong of Samso and Chris LeMesurier of 1055 TripleM speak fortnightly on Mining HQ about Mineral Exploration, Commodities and Mineral Resources. For the investors: Our interviews with Mining HQ includes topics to help you make good investment decisions. We also share Stock Picks, Stocks to Watch and Weekly Summaries. For Samso's clients: This is an additional opportunity for you to engage with investors directly. Samso works with a number of Media Partners like MiningHQ and Brilliant-Online to widen your reach. Contact Samso

Coffee with Samso Episode 153 with Willem Vriesendorp, Chief Executive Officer of Clean Teq Water Limited (ASX: CNQ) is all about our most precious resource, Aqua - Water. There is a common understanding that water is a resource that we cannot live without. However, if you ask your average investor in the Australian Stock Exchange (ASX), what is the most critical resource, you will be surprised that many, if not all, will not mention water. Investors talk about critical metals and resources but they forget that without water, nothing will work. No mining can happen if you do not have the correct form of water. You cannot even drill the holes without a good source of water. Willem brings across the business of cleaning water. The business of desalination, nutrient removal, zero liquid discharge and hardness removal may seem unimportant, but these are big revenue generators when you do it for governments and companies. The revenue that can be generated is a lot more than one would expect. I would go as far as saying that the revenue margin is a lot better than most mining projects. Clean Teq currently works with a focus on municipal wastewater, surface water, industrial wastewater and mining process water. Watch the interview: Coffee with Samso Episode 153 What is most important is that Clean Teq is a technology company that is doing business in the water industry. The company creates the tech and they are the innovation. This is the point of difference. Water treatment for industries has to be the most important aspect of the new world. Investors are preparing for the electrification of the next generation, but they must also learn that without water, there is no next generation. Chapters: 00:00 Start 00:20 Introduction 01:20 The Clean TeQ Water Story 02:59 Is water a critical resource? 05:52 The core business of Clean TeQ Water. 11:35 How does the business work? 15:02 Reaction from potential investors. 19:44 Does this new technology work? 22:10 History and success of metal recovery. 25:12 How should investors look at Clean TeQ Water Limited? 29:44 Are there any competitors? 31:59 What are the downsides? 34:15 News flow. 37:36 The image of CNQ. 41:06 Conclusion. PODCAST About Willem Vriesendorp Chief Executive Officer Willem has lived and worked in China since 2010. After moving to China, Willem initially worked as CFO and head of Strategy at a carbon trading and clean energy focused venture capital firm. In 2012, Willem founded a waste water treatment company based out of Beijing. Before moving to China, Willem worked for over 7 years as a management consultant at McKinsey & Company in Europe, the US and Asia, primarily focusing on clients in the energy and clean technology sector. Willem has a Masters in Applied Physics from Groningen University and an MBA from Insead in Paris. About Clean Teq Water Limited (ASX: CNQ) Clean TeQ Water is one of the world's most innovative water treatment companies. We provide a wide range of water treatment solutions to customers around the world. An ASX-listed company (ASX:CNQ), recognised as one of Australia’s most innovative water treatment and resource recovery. We provide innovative metals recovery and water treatment solutions for governments and companies. Our technology solutions include desalination, nutrient removal, zero liquid discharge and hardness removal. Our sectors of focus include municipal wastewater, surface water, industrial wastewater and mining process water. Clean TeQ Water has offices and laboratories in Melbourne, Beijing and Tianjin, and a partner office in Africa. We provide turnkey metals recovery and water treatment plants everywhere in the world. Fresh water is the Earth’s most essential commodity. Population growth, the environmental challenges associated with urbanisation, economic development, and climate change are driving the water treatment market to become one of the largest and fastest growing industries in the world. In addition to these challenges, stricter regulation on water effluent quality is being driven by increased public concerns on the effect of micropollutants and demand for innovative water technology solutions. These trends are driving investors focus towards ESG compliant businesses. Clean TeQ Water is well placed to capitalize on these market conditions with its deep expertise and unique portfolio of innovative technologies. Our technologies, which include continuous ion exchange solutions for targeted removal of pollutants, encapsulated bacteria for enhanced biological treatment, and new graphene based membranes, offer fundamentally new ways to treat water that address some pressing challenges in today’s global water sector. With the successful delivery of several commercial sized treatment plants, we have proven the benefits our technology can bring to customers. 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. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and 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. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

A Samso Insight on the Investigation of Green Hydrogen by Melissa Buckley All you've ever wanted to know about this energy source, but never thought to ask is in this power-packed ebook from Melissa Buckley, one of our Samso Insights Contributors. Green Hydrogen = World Changing Big things have humble beginnings, and Melissa originally started out writing about green hydrogen as a blog post. With her research and her enthusiasm, her inquiry into green hydrogen grew and it became clear this was getting more exciting and we decided to share it as an ebook. There is no denying that green hydrogen is an exciting, emerging technology. There is much we can learn about it, and it is looking like it has the potential to change our world forever. Download our ebook on Green Hydrogen: An Investigation to get an overview of: What green hydrogen is Australian interests Countries in exploratory phases The technology behind it Costs and parameters Future usage It has all the essential information to help your decision making for successful wealth creation today. Click below to download Green Hydrogen eBook The Author Melissa Buckley is a second year Edith Cowan University student studying Marketing, Public Relations and Advertising. She has a background in social media content creation and management and in her previous career supplied administrative support to the not-for-profit sector and private enterprise. Melissa also has a lifelong love of collecting minerals/crystals. Media Partner Brilliant-Online: Our investment articles are also shared across Brilliant-Online magazine. Check out their investment column. Subscribe to Brilliant-Online. 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 If you find this article informative and useful, please help me share the information. I try to write topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Samso is helping ASX companies take Brilliant flight. Each one has become a Red Seagull, and you can't help but see it and talk about it. The Coffee with Samso Experience is soaring like Red Seagulls. They pique investor interest because that's how much they stand out. That's why ASX companies come to Samso, because: They want their stories heard. They want to reach out to new audiences. They want to position their brand in a positive manner. What is the Red Seagull strategy? It's a partnership of the Coffee with Samso Experience and Brilliant-Online. This partnership has helped ASX companies pique investor interest, amplify visibility and engage with their stakeholders in a language they understand. There is clarity in understanding what the company is trying to achieve and why they should be investing in them. Why investors appreciate Red Seagulls There are some things investors wished ASX companies could know, so they can share their stories more effectively. "A company's history, projects, developments, plans and values are not always easy for us to understand or follow. And there are really a lot of companies out there. It's frustrating not knowing where to start." "A lot of what is being talked about in the industry can sound very technical, and all that can be off-putting and it becomes an impediment to understanding the company's story." "There is also a certain assumption in the industry that just because we decided to be investors, we automatically understand the lingo and jargon or know exactly how companies work." For investors, Samso's Red Seagull strategy makes stories digestible and manageable so that they can visualise the opportunities offered by companies, and have a trusted space to follow the developments. Simply put, it makes it easy and enticing for investors to want to follow a featured company. Why companies want to be a Red Seagull For companies, being seen as a Red Seagull means you get people to sit up and take notice, get curious and want to know more. They are also eager to follow you on your journey and learn about what makes you special. The challenge for companies is how to stand out enough to make people want to know more about you. That's where Samso's Red Seagull strategy comes in. Samso's offerings create a different way to nurture investor relations. It creates content and builds a story that piques investor interest and encourages them to engage with the company's story and journey. It enables companies to show their passion, identify their values and explain why their projects are worthy of investment. Information is delivered and made accessible in a clear, manageable and engaging way. Noel's relaxed conversation style and pertinent questions provide an open, comfortable space for thought leaders to fully share their ideas and reveal thought-provoking insights. Noel's genuine curiosity and experience in the industry encourages guests to share their enthusiasm and passion for what they do. These simple conversations are easy to listen to, highly digestible while being focused, in-depth and drive definite results. Why use Samso's Red Seagull Strategy? ASX companies are given full support to make their stories Brilliant. Imagine having someone do all of these for you: Take care of all your content creation and social media coverage on a monthly basis. Provide guidance to management on messaging and ideas to create content that makes sense and most importantly, technically relevant to the market. Create content that is an extension of your news releases to amplify your message. Samso has all the experience, knowledge and expertise to provide this support because: We have over 30 years experience in the mineral exploration industry. Samso is an experienced ASX and Corporate Operator in 6 business sectors - Metals & Mining, Media & Technology, Healthcare, Renewable Energy, Industrial & Business Services and Financial Services. Our knowledge is drawn from the whole spectrum of the industry such as Field Assistant, Geologist, Senior Management and as the founder and Managing Director of ASX companies. We fully understand the requirements and limitations of the ASX. We know how the ASX works, how companies behave in the ASX and what they need. Over the years, Samso has forged strong international investor and media network relationships. Samso has knowledgeable technical and corporate content to offer engagement that few can provide from one single source. And... Samso currently has over over 10,500 YouTube subscribers; 1,900 Twitter followers; 2,600 LinkedIn followers plus a clean mailing list of over 1,200 subscribers. This is an ecosystem that is unparalleled in the industry. An ASX company's content is further distributed through our partners to over 630,000 readers, with a standard distribution through Brilliant-Online to reach out to another 70,000 readers. Read Brilliant Investments Stories Read Brilliant Magazine More than a Coffee The whole Coffee with Samso Experience includes access to the core Samso products i.e. Coffee with Samso, Rooster Talk and Samso Insights. Videos and podcasts on Coffee With Samso and Rooster Talk are tailored around the company's announcement and messaging. Your story is also shared as video snippets including YouTube Shorts to drive viewers back to the main video over a span of several weeks. You'll be constantly on the minds of investors in the industry. Brilliant Partnerships Samso handles the content and partners with media channels such as Proactive, The Market Bull, Brilliant-Online and Vermilion Pinstripes. This helps companies save the extra cost of third party creators. Our media partner, Brilliant-Online is helping ASX companies reach out to another 70,000 new audiences monthly because the Brilliant Magazine is a uniquely interactive magazine that catches attention and engagement. Each company's ASX story is automatically distributed to 70,000 readers via Brilliant-Online, a multichannel, interactive advertorial platform reaching out to potential investors via blogs, magazine, socials, emails and web banners. Samso's partnerships with Vermilion Pinstripes, a strong marketing firm with developed international presence as well as with Briliant-Online, an interactive multichannel magazine offer a unique value proposition for branding, helping companies achieve an enhanced multichannel digital brand connection. Learn more about the Coffee with Samso Experience Contact Samso +61 490 092 814 noel.ong@samso.com.au Samso ASX stories are also through the Brilliant-Online channels. Subscribe to Brilliant Investments.