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On today's Rooster Talk 42, Michael Bohm, Executive Chairman of Riedel Resources Limited (ASX:RIE) talks about the prospectivity of the Kingman Gold project. The company has just raised AUD1.8M and is aiming to step up the drilling within the Tintic prospect. The aim is to put some more colour onto the previous drilling program. As successful as it was to the market, Riedel Resources is aiming to better understand what degree of mineralisation exists and how it relates to the geophysical evidence. Michael Bohm shares with us what the company is currently thinking about all the drilling results and piecing together the next phase of drilling that will create more clarity in an evolving mineralised system. Chapters: 00:00 Start 00:10 Introduction 00:36 Michael´s new announcement 01:43 The Mineral Fertility of the Kingman Project 03:24 Michael responds to my thoughts on the project 05:43 Potential of a Hybrid Porphyry / VMS System 07:16 Why Arizona is the place to be 09:05 The real importance of the presence of a Porphyry 09:44 The mineralised nature of the Kingman Gold Project 10:56 Geophysics shows a mineralised structure in place 11:56 What could the project become? 13:36 Polymetallic Mineralisation 13:38 News Flow 16:48 Upcoming drilling will add more structure to the story 18:34 Existing mineralisation is exciting 19:29 Conclusion PODCAST About Michael Bohm Executive Chairman BAppSc (Mining Engineering) Appointed: 12 December 2020 Mr. Bohm is a qualified mining professional with extensive Corporate & Operations experience. Michael has extensive minerals industry experience in Australia, South East Asia, Africa, Chile, Canada and Europe. A graduate of WA School of Mines, Michael has worked as a mining engineer, mine manager, study manager, project manager, project director and managing director and has been directly involved in a number of mine developments in the gold, nickel and diamond sectors. Michael is a current Director of a number of ASX-listed companies and sits on their Audit & Risk and Remuneration Committees. Michael has had previous directorships at Argyle Diamonds Mines, Sally Malay Mining Limited and Ashton Mining of Canada. About Riedel Resources Riedel Resources (ASX:RIE) is an ASX-listed mineral exploration company earning into an advanced high-grade gold exploration project in north-west Arizona. The Kingman Project comprises approximately 200 contiguous mining claims located approximately 30km from the town of Kingman Arizona. The area was mined for high-grade gold and silver from the 1880’s to the early 1940’s and since then very little modern exploration has ever been carried out on the property. The Riedel board has extensive experience in minerals and mineral exploration in Australia, the US and Canada, amongst others. Kingman Gold Project The Kingman Gold Project is located near Kingman Arizona and only 90 minutes drive from downtown Las Vegas. The project was mined for high-grade gold and silver from the 1880s until the early 1940s which coincided with the outbreak of WWII. Following drilling in the 1990s, 11 diamond holes were drilled on the property in late 2019 and which intersected multiple zones of high-grade gold, silver and lead from shallow depths and confirmed the extensive mineralisation potential of the area. Riedel plans to aggressively drill and explore the project area during 2021. 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. 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. 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

Episode 187 of Coffee with Samso is with Guy Le Page, Non-Executive Director of Mount Ridley Mines Limited (ASX: MRD). Mount Ridley is now at the business end of the Rare Earth journey. Mount Ridley Mines is now focusing on the flow chart of the REE business. This is the money end, can you make the processing part cash flow positive? When I had my first Coffee with Samso with Guy Le Page, in July 2022 (Mount Ridley Mines Limited (ASX:MRD) - A Rare Earth Story.), it became evident that the company had a strong focus on optimising their flow chart. The company was confident in their ability to achieve the desired tonnage and grade, but their primary emphasis was on the final stage. In my view, one of the major benefits for companies like Mount Ridley is their project's location in the Esperance region. Numerous discussions have highlighted the region as the ideal site for the government to establish a Rare Earth Hub. Check out the conversation in this Coffee with Samso and, as I always encourage, DYOR. Chapters 00:00 Start 00:20 Introduction 01:10 Updates on the Mia Project 02:45 Beneficiation Results 03:55 Leach Test Results 04:59 Is Mia the main focus of Mount Ridley? 06:01 Mia prospect air-core drilling 06:37 Discussion about the soft REE market 09:05 Q&A from the public 09:19 Is MRD still going to list on the Frankfurt Exchange? 09:46 What is MRD’s strategic roadmap beyond 2023? 10:59 How is MRD taking a position for success amongst Esperance peers? 11:59 Is using HCL costly? And what about government grants? 13:03 Has MRD determined the controls in the clay-hosted REE project? 15:24 Prediction of the path of the REE market as we move forward 17:01 What makes MRD stand out? 18:20 Discussion about the REE market 20:17 Conclusion Samso's Conclusion When investing in the Clay Rare Earth sector, it is crucial to consider the economic viability of the processing flow sheet, and, while the industry has yet to determine its profitability, this does not mean it won't become a viable option. However, it is important to acknowledge that the industry is still in its early stages, and there will be a steep learning curve filled with uncertainty. The industry has successfully identified the process of leaching out the Rare Earth Elements (REE), but the economic outcome in terms of profitability remains uncertain. The REE sector, including both hard rock and "Clay/ionic/alluvial" types, has gained attention in investment circles due to recent geopolitical developments. China's dominance in this sector is widely recognised and understood. The previous discussion on REE in the investment community was short-lived in 2010, as the market experienced rapid fluctuations. However, the current rise of the REE sector has shown more resilience, having been present for a couple of years, largely due to the new "cold war" with China. Balancing the REE sector will require time, and investors in this sector must cultivate patience, akin to the patience required for fishing. It is frustrating to continually emphasize that mining projects are measured in terms of years to decades, while investors, particularly new ones, expect quick results within weeks or months. Unfortunately, such quick results are unlikely to occur. Regarding Mount Ridley, they have a solid strategy, and recent results indicate a viable business. However, the investment community needs to learn to be patient and learn to "PARK" their money. PODCAST About Guy Le Page Non-Executive Director B.A., BSc (Hons), MBA, MAusIMM, FFIN Mr Le Page is currently a Director & Corporate Adviser of RM Corporate Finance specialising in resources. He is actively involved in a range of corporate initiatives from mergers and acquisitions, initial public offerings to valuations, consulting and corporate advisory roles. Mr Le Page was Head of Research at Morgan Stockbroking Limited (Perth) prior to joining Tolhurst Noall as a Corporate Advisor in July of 1998. As Head of Research, Mr Le Page was responsible for the supervision of all Industrial and Resources Research. As a Resources Analyst, Mr Le Page published detailed research on various mineral exploration and mining companies listed on the Australian Securities Exchange. The majority of this research involved valuations of both exploration and production assets. Prior to entering the stockbroking industry, he spent 10 years as an exploration and mining geologist in Australia, Canada and the United States. His experience spans gold and base metal exploration and mining geology, and he has acted as a consultant to private and public companies. This professional experience included the production of both technical and valuation reports for resource companies. Mr Le Page holds a Bachelor of Arts, a Bachelor of Science and a Masters’ Degree in Business Administration from the University of Adelaide, a Bachelor of Applied Science (Hons) from the Curtin University of Technology and a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. About Mount Ridley Mines Limited (ASX:MRD) Mount Ridley Mines Limited is undertaking the exploration of a significant deposit of valuable clay-hosted rare earth elements in Western Australia. The Project was initially acquired for its nickel and copper sulphides potential and is now recognised as being prospective for ionic clay REE deposits. Currently, this style of deposit is mined and processed only in China and Myanmar. In November 2020 Mount Ridley Mines Limited (“MRD”) commenced a review of data for its namesake Mount Ridley Project and surrounding area. The review concluded that areas of the Biranup and Nornalup geological provinces in south-eastern Western Australia have the potential for REE mineralisation, and in particular, the style of mineralisation referred to as Ionic Adsorption Clay (IAC-REE). Globally, deposits of IAC-REE are most significant in southern China and are the world’s main source of heavy Rare Earth Elements. The Project REE mineralisation occurs as large, horizontal, near surface, sheet-like lenses up to a depth of 89 metres. REE mineralisation is interpreted to be present within the in-situ saprolite clay horizon. Patchy lower grade zones occur within transported cover which may vector towards stronger REE mineralisation deeper within the regolith. Geological Survey of Western Australia (DMIRS) mapping [Figure1] shows that the Mount Ridley Project REE mineralisation occurs within the weathered mantle (regolith) of the Recherche Super-suite, which is described as “granitic and mafic gneiss; may include intrusions of Esperance Super-suite”. While the source of the REE mineralisation is currently unknown, a detailed sample and litho-geochemistry dataset from bottom of hole aircore samples has been established which includes whole-rock chemical analyses, sample pulps and some end-of-hole air core samples. These samples and data are being studied by the Company’s consultant geochemist to identify the primary rock-type and whether units are REE-enriched. Re-assay of 950 air core samples (162 pending) returned significant REE values over an apparent strike in excess of 25 km with over 20 samples returning >1,000 ppm Mineralisation remains open in all directions with a peak value so far at the Keith’s Prospect from MRAC0711 with 10,461ppm (1.05%) from 23m downhole. Significant REE intersections have been identified and grouped into 5 prospects – Winston’s, Keith’s, The Lake, Tyrell’s and Marcellus. Planning underway for a 25,000m aircore program to test newly acquired tenements in addition to step-out and infill holes. 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 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

In Episode 186 of Coffee with Samso, Dr Mike Jones, the Managing Director of Impact Minerals Limited (ASX: IPT), educates us on the ins and outs of the HPA business. The HPA (High Purity Alumina) story for Impact Minerals is now all about the economic process of making HPA. There are no longer any questions on the tonnage or the grade. In simple terms, the company is at the business end of the mineral resource sector. One of the key aspects of understanding Impact Minerals is to have a clear view of the company's business. Impact is in the business of HPA and what that means is that it needs to deliver High Purity Alumina in the 3N or 4N level (Figure 1). When considering companies like Impact Minerals, the initial association is often with mineral exploration. However, it is important to view Impact from a fresh perspective. In this episode, Dr. Mike Jones discusses the company's current focus on the Pre-Feasibility Study (PFS) phase, which aims to determine the profitability of the Lake Hope HPA project. This shift in focus highlights Impact's commitment to reaching a stage of financial success, distinguishing it from the negative reputation often associated with mineral exploration companies. Listen to our coffee conversation with Dr. Mike Jones here: Samso's Conclusion Impact Minerals is a company that often goes unnoticed despite its promising projects. Currently, they are actively promoting the Lake Hope project, which has been discussed extensively by Mike during the past two Coffee with Samso sessions. It is evident that the Lake Hope HPA project holds significant value for the company. Impact Minerals Limited (ASX: IPT) - A Low Cost HPA story in Western Australia. It is worth mentioning that Impact Minerals' Broken Hill project was among the six projects worldwide selected for the prestigious BHP Xplor program. On 17th of January 2023, the company issued a release providing further details about their participation in the BHP Xplor program. BHP Xplor, an accelerator program introduced by BHP in August 2022, is designed to help provide participants with the opportunity to accelerate their growth and the potential to establish a long-term partnership with BHP and its global network of partners. Impact received up to US$500,000 in cash payments from BHP over the next six months and gained access to a network of internal and external experts to help guide development in the technical, business, and operational aspects of the company. This means that the management of Impact demonstrated credibility by successfully participating in and gaining acceptance for the Broken Hill project. This is a significant achievement, as only six recipients were chosen for this program, indicating a high level of quality. While the market trader may perceive Impact Minerals' market capitalisation of 34.37M as high, there is an underlying value that will yield positive results in the future. The Arkun project, which we discussed in a recent episode of Coffee with Samso, is located in a jurisdiction occupied by Tier-1 resource companies like Anglo-American. This provides strong evidence of its prospectivity (Figure 2). The Lake Hope project is currently in the "Feasibility" stage, and the initial excitement surrounding it has diminished in the market. However, this does not undermine the value that Impact Minerals is creating for its shareholders. There are two aspects of Impact Minerals that I appreciate. Firstly, the Lake Hope project is undeniably the company's flagship at the moment. Secondly, there is potential for significant growth from the Arkun and Broken Hill projects. Tune in to Mike's thoughts here. Chapters: 00:00 Start 00:20 Introduction 01:20 Updates from IPT 02:16 Economical parameters that make an HPA project viable 05:56 All about High Purity Alumina 07:54 The Cost Curve Analysis 11:23 Discussion about entry into the HPA market 12:43 The HPA space after the commodity market softening 14:07 The market for HPA 16:04 The Arkun Project 20:51 The Forward Plan 24:52 Is Lake Hope is still the Perfect Orebody? 25:33 How should investors view Impact? 26:55 Why should investors believe that Impact will deliver the end story? 29:00 With the current interest rate trend, is it a good time for companies like Impact Minerals? 30:55 Why should investors invest in Impact Minerals? 31:48 Conclusion PODCAST About Dr Mike Jones Qualifications: PhD, MAIG Dr Jones completed undergraduate and post-graduate studies in Mining and Exploration Geology at Imperial College, London. His Ph.D work on gold mineralisation saw him move to Western Australia in 1988 to work for Western Mining Corporation exploring for gold and nickel deposits in the Yilgarn. From 1994 he consulted to the exploration and mining industry specialising in the integration of geological field mapping and the interpretation of geochemical, geophysical and remotely sensed data for target generation. Dr Jones has worked on over 80 projects both in greenfields and near mine exploration in a wide variety of mineralised terrains and was the founding director of Lithofire Consulting Geologists in Perth, Australia. He was also the team leader during the discovery of a significant gold deposit at the Higginsville Mining Centre, near Kalgoorlie and an iron ore deposit near Newman, both in Western Australia. About Impact Minerals Minerals Limited Impact Minerals Limited (ASX: IPT) is an exploration company listed on the ASX in November 2006. The Company manages extensive tenement holdings (>4,000 km2) within Australia featuring significant potential for high-grade mineral deposits of gold, silver, lead, zinc, copper, nickel and PGMs. The Directors of the Company have extensive experience in mineral exploration and a strong history of exploration success, business development and corporate management. Impact Minerals intends to build wealth for its shareholders through a vigorous campaign of project generation and evaluation with the aim of building profitable mining operations. As a well-established company with a strong presence in the industry, Impact's projects, such as the Broken Hill and Arkun projects, are of significant importance and would be considered major endeavors in any other ASX companies. The Broken Hill project, situated just 20km away from the renowned Broken Hill silver-lead-zinc mine in New South Wales, is a Ni-Cu-PGE project (Figure 1 and Figure 2). The geology of this project holds immense potential, making it an attractive prospect for investors and enthusiasts alike. As an observer, I have been closely following Impact Minerals and their projects for quite some time. Impact has shown that the very high grade palladium and platinum mineralisation at the Red Hill, Platinum Springs and Moorkaie Prospects and the Iron Oxide Copper Gold (IOCG) mineralisation at the Copper Blow Prospect (ASX:SCI) are hosted by and related to alkaline magmatic rocks (Figure 2), (ASX Announcement 13th December 2018). Figure 2: Location of alkaline magma trends in the Broken Hill area. The Little Broken Hill to Moorkaie Trend contains rocks of potassic ultramafic to alkaline gabbro composition. The Copper Flat to Staurolite Ridge Trend contains rocks of alkaline gabbro to carbonatite composition. An offset of the Copper Blow Trend is interpreted to the south of the Thackeringa Fault Zone. (Source: Impact Minerals Limited) The Arkun project (Figure 3) which covers about 850 square kilometres is between York and Corrigin, which is approximately 100 km east of Perth. The project was first identified as an area of anomalous nickel-copper-gold anomalies in publicly available regional geochemistry data sets. What I like about this project is that it is now considered to be in a mobile belt that is prospective for "Julimar" type mineralisation. The discovery of Julimar has now opened up this whole region. A subsequent interpretation of regional magnetic data by Impact has identified the area as lying within a major deformation zone or mobile belt that trends NW-SE from the Moora-Julimar-Yarawindah area through Arkun and which may contain deformed and metamorphosed equivalents of those rocks. This belt is generally not recognised in many regional geology maps and yet is self-evident in the magnetic data. This is a significant breakthrough in understanding for Impact Minerals Limited. The BHP Xplor Program Impact Minerals has been selected to take part in the prestigious BHP Xplor program, showcasing their exceptional Broken Hill project. This recognition not only highlights the project's outstanding quality but also acknowledges the remarkable efforts and achievements of the company. Considering the rigorous selection process and the multitude of projects submitted, being chosen is a true testament to Impact Minerals' positive impact. The Lake Hope HPA Project will change the future of Impact Minerals Limited. The Lake Hope Project covers numerous prospective salt lakes between Hyden and Norseman in southern Western Australia, a Tier One jurisdiction (Figure 4). The project covers about 238 sqkm and are all owned by the vendor, Playa One. The Lake Hope area has unique climatic and geological characteristics that have resulted in the formation of what is probably a globally unique deposit of aluminium-rich material within the surficial clay layers of two small salt lakes, or “pans”, in the Lake Hope playa system. The lake clays, which are only up to a few metres thick, have unique chemical and physical properties and consist almost entirely of aluminium-bearing minerals that are plasticine-like in consistency and can be easily sampled with hand-held augers and push tubes (Figure 5). In addition, particle size distribution analysis demonstrates that virtually all the minerals are less than 16 microns and 60% to 80% occur at grain sizes of less than 5 microns (Figure 6). These unique characteristics have produced a near-perfect mineral deposit: a very high-value end product whose parent ore is: Very soft and shallow, allowing for extremely cheap free-digging with limited infrastructure requirements, no pre-stripping, no selective mining, a tiny environmental footprint, and limited rehabilitation requirements. Naturally fine-grained with no need for crushing and grinding, allowing for transport to an offsite processing facility that can be built on existing industrial sites (Figure 4). In essence, this is Direct Shipping Ore (DSO). Comprised of a few minerals that require only simple washing before acid leaching, thus allowing for low-cost straightforward metallurgical processing. 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 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.

Coffee with Samso Episode 184 is with Julian Ford, CEO of Riversgold Limited (ASX: RGL) updating us on Riversgold's exploration activities since the last conversation in March 2023. Jump straight to the interview In our previous conversation, we discussed Riversgold Limited as a lithium explorer that I found interesting. One of the reasons I liked them is because they were among the few companies actively engaged in genuine mineral exploration for lithium. It's important for people to understand that the recent discoveries in the lithium sector have largely come from reevaluating previous exploration efforts. Companies have revisited their drill cores and discovered that the historical drilling had indeed encountered pegmatites. Samso is not begrudging of the success of these companies, such as the Mount Holland Lithium project, which is now privately owned and operated by Covalent Lithium. Riversgold, on the other hand, continues its exploration activities in search of valuable lithium-bearing pegmatite. What I find interesting about Riversgold is their Northern Zone project. When I was researching this topic, I initially found their release titled Farm-in to Significant Porphyry Hosted Gold Project a bit confusing because the project had yielded promising results. The company is proceeding cautiously to ensure the reliability of these results, which I believe demonstrates prudent management. Julian, in particular, discusses the project and takes a measured view of its potential. What does Porphyry mean? Here is a description of what a porphyry deposit means from Earth Science Australia: The major products from porphyry copper deposits are copper and molybdenum or copper and gold. The term porphyry copper now includes engineering as well as geological considerations; It refers to large, relatively low grade, epigenetic, intrusion-related deposits that can be mined using mass mining techniques. Geologically, the deposits occur close to or in granitic intrusive rocks that are porphyritic in texture. There are usually several episodes of intrusive activity, so expect swarms of dykes and intrusive breccias. The country rocks can be any kind of rock, and often there are wide zones of closely fractured and altered rock surrounding the intrusions. As is described following, this country rock alteration is distinctive and changes as you approach mineralization. Where sulphide mineralization occurs, surface weathering often produces rusty-stained bleached zones from which the metals have been leached; if conditions are right, these may redeposit near the water table to form an enriched zone of secondary mineralization. What is the significance of a Porphyry deposit? Based on my experience, it is quite rare to find a fertile porphyry that contains only gold. Most porphyry deposits are typically associated with copper. However, Julian informs us that their system at the Northern Zone is devoid of any other metals and is solely a gold system. When we examine the historical drilling results, we can observe significant depth of mineralization, and the grades fall within the range of atypical mineralised porphyry gold system. Julian has mentioned that they are currently awaiting the results from their recent drilling program. These results will help confirm the assay content and determine if there is any false enrichment present (see below). Completion of Diamond Drilling of Northern Zone 26km ESE of Kalgoorlie It will be fascinating to see the assay numbers and gain a better understanding of the potential of this project. The core samples from the drilling program appear to be in excellent condition, which further adds to the anticipation of the assay results. Listen to Julian Ford here: Chapters: 00:00 Start 00:20 Introduction 01:03 Updates from Riversgold 02:57 The Gold Porphyry story 11:22 Metallurgical Cyanide Bottle Roll Test Results 13:37 How did the Northern Zone Project fly under the radar for so long? 19:34 Mt Weld Project 20:54 How should shareholders look at Riversgold? 23:04 Newsflow 23:50 Is the Porphyry story the main focus of Riversgold? 25:26 Why Riversgold? 26:03 Conclusion Samso's Conclusion The Riversgold story is an evolving narrative, and I appreciate the adventurous spirit of their projects. Julian impresses me as a composed and strategic individual who possesses a deep understanding of his work. When examining the Northern Zone project, the drilling results are remarkable and align with the expectations for a sizable deposit with low-grade bulk tonnage. According to the Visual Capitalist, porphyry deposits are very large, polymetallic systems that typically contain copper along with other important metals. Much of today’s mineral production depends on porphyries: 60% of copper, 95% of molybdenum, and 20% of gold comes from this deposit type. The Bingham Canyon Mine, located in Utah and owned by Rio Tinto and in production since 1906, annually produces approximately: 300,000 tons of copper 400,000 oz of gold 4,000,000 oz of silver 30,000,000 lbs of molybdenum The value of the resources extracted to date from the Bingham Canyon Mine is greater than the Comstock Lode, Klondike, and California gold rush mining regions combined. So as you can see above, the magnitude of finding a deposit of this nature in a Tier-1 jurisdiction like Western Australia is going to make Riversgold appreciate in market capitalisation. PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Julian Ford Chief Executive Officer Mr Ford has 30+ years experience in the mining industry with global experience including Australia, Africa, South East Asia and South America. Mr Ford has held senior positions within several major resource companies including Alcoa, British Gas, Western Metals Limited. Since 2004, Mr Ford has focused on managing a number of successful start-ups, including transitioning a number of these from concept/exploration to production. Mr Ford holds a degree in Chemical Engineering from the University of Natal, a Bachelor of Commerce from the University of South Africa and a Graduate Diploma in Business Management from the University of Western Australia. He has been a member of the AusIMM for 20 years. About Riversgold Limited (ASX: RGL) Riversgold Ltd is an ASX-listed exploration company focused on discovering and developing large lithium systems in the world-renowned Pilbara and Yilgarn cratons of Western Australia. In early 2022, the Company acquired a suite of four lithium-prospective exploration tenement applications covering 164km2 in the Pilbara region. The key Tambourah Project is underexplored and has the potential to host a major lithium-caesium-tantalum system much like the nearby Pilgangoora and Wodgina deposits. Further, the Company has acquired a tenement package of 292km2 prospective for lithium in the Southern Cross-Marvel Loch region of Western Australia as well as securing an option to acquire 80% of tenement E77/2784 immediately to the east of the globally significant Mt Holland lithium project in the same region. The Riversgold portfolio also offers strong exposure to gold and nickel through its large landholding at the Kurnalpi Project in the Yilgarn. 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 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.

Coffee with Samso Episode 185 is with Matt Szwedzicki, Managing Director of West Cobar Metals Limited (ASX: WC1) The REE story for West Cobar is taking shape, showing that the volume of resources does exist. The release recently has put that question at rest. A quadruple of the previous resource is plenty. Critically, the upgrade of the resource at the Newmont prospect from Inferred to Indicated is even more impressive. Matt Szwedzicki, in this episode of Coffee with Samso gives a great summary of where West Cobar is at with the Salazar Rare Earth project. The resources are up and the market will have no fears for the project not having enough tonnes (Figure 1). Interestingly, when asked about the availability of more tonnes, Matt responded with a clear and concise answer. There is an ample supply of tonnes, and the focus now is on demonstrating the economic value in terms of dollars and cents to the market. The market is well aware that there is no longer any doubt about the leachability of the Salazar resources. This was confirmed in the Rooster Talk 74, where Matt discussed the metallurgical results. You can find the links to that conversation below. West Cobar Metals Limited (ASX: WC1) - The Metallurgical Results West Cobar Metals Limited (ASX: WC1) - The Salazar Metallurgical Results. Full Episode. We discussed the recent news on Gallium and what it means for the company. The conversation continued onto the Nevada lithium project where the company was starting a drilling program. Samso's Conclusion The West Cobar journey is one of the most fascinating Rare Earth stories on the Samso platform. What sets them apart is their unique suite of potential by-products that others don't seem to have. Samso has seen several Rare Earth stories, and the Salazar deposit stands out with its HPA resource and Tier 1 REE resource (compared to Australia Clay deposits). Scandium was also mentioned in the Salazar deposit during the Coffee with Samso series. The inclusion of Gallium in the mix makes the idea of credits while mining rare earths appealing. However, it's important to note that not all mining scenarios are profitable to keep and process, even if there seems to be value in the metal. For example, Delta Lithium Limited (Red Dirt Metal Limited) has up to 300,000 ounces of gold, but it's not mentioned because the value in lithium outweighs the need to recover the gold. However, if we look at the potential scenario for West Cobar, the soft market pricing of REE makes the proposition of multi commodities to suppress mining costs could be its joker card. The little that makes a mining proposition for Salazar is going to be good for the hip pocket. Ultimately, time will reveal the ultimate solution, but investors should remember that mining projects span multiple years to decades. While the Salazar deposit shows promise, the longevity of a company to pursue the project is not solely determined by the project's quality. Chapters: 00:00 Start 00:20 Introduction 01:30 Salazar Clay-REE resource quadruples 05:34 What does a higher proportion of MREO mean for WC1? 06:52 The current rare earths market 08:38 Gallium at the Newmont REE deposit 11:56 Could the amphibolite be the dark horse? 15:05 Is the recent restriction on Gallium short-term? 17:55 Drilling at the Nevada Lithium Project 21:18 Metallurgical news 23:51 Additional news flow 25:13 Why should investors look at West Cobar Metals? 26:23 Conclusion PODCAST About Matt Szwedzicki Managing Director Matt Szwedzicki has over 20 years of corporate and commercial experience, having worked in senior leadership roles with a focus on M&A, corporate growth and investment strategy. Matt co-founded and is the Managing Director of Spark New Energies, an energy company with its main assets in the UK. Prior to that Matt held various executive corporate and commercial roles in the energy and resources industries. 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.

Coffee with Samso Episode 173 is all about Boron as Tin-Boron Rich Zones are identified at Mount Lindsay. The recent release by Venture Minerals Limited (ASX:VMS) is adding more confidence to the Mount Lindsay project. Knowing that more tin could be realised via the association of Boron now makes Mount Lindsay a solid project. Who is Venture Minerals Limited (ASX: VMS)? In my very first Coffee with Samso with Andrew Radonjic, way back in October 2020, I had coined the company a Targeted Diversified Mineral Explorer. The basis of that title was because they have very promising targets. I know many people will say that is a long bow to draw but from an exploration point of view, I stand firm on my observation. Chapters: 00:00 Start 00:20 Introduction 01:20 About Venture Minerals and Boron 04:14 Tin-rich borates in Mount Lindsay 12:02 Any potential metallurgical issues? 14:57 How much can be recovered from the cassiterite? 19:56 Uses of boron 23:18 Market shifts? 28:57 News flow 30:22 Why VMS? 31:56 Conclusion Market Status Currently, like many of the market participants, the share price has taken a battering. The journey has been one where at its peak of about AUD$0.16 in mid 2021, is now pretty much at its low (see Figure 1). The share price has moved since the latest release which appears to be giving the market some joy. Figure 1: The share price chart for Venture Minerals Limited (ASX: VMS) over the last 3 years. (Source: Commsec) What I feel is that the market is generally not a direct reflection on the perceived valuation of the company. In the exploration sector, this is more relevant as the potentials are never calculatable. The current market capitalisation is around AUD33M. Some pundits may say that this is high for an explorer, but one have to understand that Venture has a iron ore resource that is at mining stage and a Tin an Tungsten resource that is at Feasibility Study stage. Why does Samso like Venture Minerals Limited, in particular, the Mount Lindsay Mineral Province? There are many companies that are currently in the market, but not all of them is reflecting my enthusiasm. As I have said many times, as an exploration geologist, I am always looking at the potential and with over 30 years of geology experience, working and learning about the industry, I have seen and heard many stories. Over the years, I have learnt to identify projects that could have the best possible potential to bear fruits. What I see in Venture are projects that have those potentials. Look at the Thor project. I like the concept and the potential from the first Coffee with Samso. The latest on Thor project is that the Joint Venture partner has now targeted two new priority targets. The Mount Lindsay project is one that needs no introduction. Venture is currently working on a Feasibility study for Mount Lindsay. This will take time and as they develop new concepts. What is being showcased is the potential endowment of the Province. When you look at the latest summarised geological plan (Figure 2), you will see why I call this the Mount Lindsay Mineral Province. Figure 2: Mount Lindsay Project: Geology Map showing High Grade Tin-Tungsten Targets and Tin-Boron Skarns For those readers that are not well versed with geology, what I want to represent with Figure 2 is that the area/province that I am referring to is well mineralised. There is a suite of metals that are being found. For this to happen, you need a mineral system that is sufficiently powerful and endowed to be present. In my time showcasing Venture Minerals, I dont think that has been a focus for the company. I will not be surprised when that is a topic of conversation. The Boron Story - Samso is Excited. The Boron story is going to be a big asset for Venture. For those that are new to the Boron game, you will quickly find that Venture is in the big leagues. Granted that there is still a lot of questions, - is there an economic volume, is there an economic recoverable process...etc. For Samso, the input credit and the potential ability to recover more tin in the process is the game changer. When you look at the major mining projects, it is very often the input credits of other products in the mine that makes the profitability of the mine. If you look at Olympic Dam, by far the biggest single mine in the world, it is the myriad of other metals that have extended the life of the mine. Samso's Conclusion Venture Minerals have been through a wild ride over the two years. There is no denying that there are shareholders who are disappointed with the journey lately but there are also shareholders that have bought at the lows and exited with a handsome loot. The introduction of the Boron story is exciting. This could be the game changer for Venture. This will create a new dimension for the company as when you look at the market for Boron, it will be an eye opener. If the oncoming data about what Venture have in terms of the Boron is positive, we will be in for another ride. Whichever shareholder you are, there is also some realities that make VMS a well balanced investment. When you look at the portfolio of projects, they are placed in every stage of the exploration game. You have early stage greenfield exploration such as Kulin and Golden Grove North. Thor which is in a joint venture with Chalice Mining is being explored but is free carried as Chalice is earning into the project. Mt Lindsay and the Riley iron ore project is the next step up. Mount Lindsay has greenfield to "development". Riley is at mining stage. Riley is waiting for the right market timing and can be turned on when the time arrives. So my thoughts on a company like this is, "its hedged at all ends". There are not too many companies in the sector with this kind of portfolio. I have spoken to many and I will be surprised that there is more than a handful with the well spread of projects like Venture Minerals. When you have been in the sector for a long time, you appreciate these kind of odds. For this reason, I think that at market cap of 40M, Venture is definitely worth doing some lengthy research. Andrew Radonjic has been in this game for a long time and when you look at the price chart in Figure 1, the risk of investing in the company is not ambiguous. One may say you can go to the casino and have the same odds, but as all investors in this sector, we beg to differ. Research and understanding your risk management is the key. Understand the geology, understand the upside and downside and understand your own risk capability. For these reasons, I strongly recommend reaching out to Andrew and getting him to give you the low down on the company. 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. 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, downhole EM has delineated a large conductor under High Grade Zinc-Copper-Gold drill intersections within the 5km long Volcanogenic Massive Sulfide Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. 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

Coffee with Samso Episode 127 Venture Minerals Limited (ASX:VMS) is a company with an identity crisis. It has a portfolio of highly prospective exploration projects as well as a world class tin mining project. In fact, the title above should be more accurately renamed as An Undervalued Tin Producer. Remember this #GreenTin Song: The Green metal and No Emission movement has made the plight of the Tin Story important for Investors. Venture Minerals may be an accidental recipient of the Green Metal movement. This episode of Coffee with Samso Episode 127 with Andrew Radonjic, the Managing Director, is the setting for the year 2022. In my opinion, after a fresh rising late last year, which is showing the market the confidence from the shareholders, there are many positives to come in the following months. Andrew and I discuss what has been happening and look back on why these projects are prospective. We also talk about Mount Lindsay, Thor (Julimar look-alike), Kulin, Golden Grove North and Riley. These conversations remind shareholders and investors in the ASX why Venture Minerals should be on their watch screens and on their list of companies to do some solid DYOR. Let's listen to these chapters: 00:00 Start 00:20 Introduction 08:35 The reason we cannot go past the Tin Prize at Mount Lindsay. 15:03 Mount Lindsay has more than Tin and Tungsten. 16:53 The update on Thor. 20:36 Kulin 26:12 Golden Grove North 30:08 Riley 35:55 Reason why the game in town is Mount Lindsay. 39:12 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM Mr. Radonjic is a geologist and mineral economist with over 30 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 has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX). About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) is entering an exciting phase as the Company moved from a highly successful explorer to producer with completion of the first shipment from the Riley Iron Ore Mine in northwest Tasmania. At the neighbouring Mount Lindsay Tin-Tungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has refocused Venture’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin-Tungsten deposits, the Company has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed work. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance previous exploration completed by Venture to test a Julimar lookalike Nickel-Copper-PGE target. At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors to be drill tested along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. 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 148: Let's talk Tin Venture Minerals Limited (ASX:VMS) is currently undergoing a phase of preparing a Feasibility Study and it's time to talk Tin. Remember this #GreenTin Song: The Green metal and No Emission movement have made the plight of the Tin Story important for Investors. Venture Minerals may be an accidental recipient of the Green Metal movement. This episode of Coffee with Samso Episode 148 with Andrew Radonjic, the Managing Director, is all about Tin. This is an episode which focuses on why Tin is a significant commodity. Andrew has just come back from his travels where he attended a Tin conference. We help dissect his learnings from the conference and bring out what he had learned and share it with the Samso audience. Tin is an underrated metal, it's like the unloved element of technology. It's not given the credit that it deserves. As we have described in the conversation, it's the glue of technology. Every part of the new world of No Emission and the electrification of progress needs tin. If you take the supply issue of non ESG compliant sources, there will be a big issue for tin users. For those people who see this need for realisable ESG compliant source of tin, this is a great time to look at companies like Venture Minerals. What audiences need to ignore is the other so called sources of tin who claim that they are production ready. If that is the case, why are they not producing already? I strongly encourage potential investors to reach out to Andrew to ask him what the difference is between what can happen and what will never happen. I made this video to give an insight to what could be a real game changer in terms of the need for tin. The uses of tin are increasing and there is now talk of tin being a vital component of lithium battery anodes. Some people may call this a pipe dream but so was the vanadium battery. If the so called Lithium-Tin solid battery anodes comes to fruition in the coming years, this will completely change the tin market. The same factors that are driving the High Purity Alumina industry that is driven by Kaolinite-Halloysite is also being seen with the tin sector. There are now some serious conversations on how tin will play in carbon capture, water treatment and heat harvesting. As we all agree, the need for these conversations to turn into reality will be high on the agenda but reality may be a distance away. The important part is that it is happening now. I hope this episode of Coffee with Samso will give audiences some concept of the tin market and its uses which will make tin a major player of the new No Emission electrification of energy world. Chapters: 00:00 Start 00:20 Introduction 01:25 Andrew updates. 09:56 The Indonesian Tin Story. 15:37 Market discussion from the Tin conference. 20:01 Tin moving into the "high tech" uses sector. 24:24 Tin moving into the battery sector. 30:14 The introduction of a tin related battery. 31:28 The hurdle of finding new tin deposits and a tin producing mine. 32:26 Project updates. 38:53 The summary of tin. 39:43 Andrew closing summary. 41:06 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM Mr. Radonjic is a geologist and mineral economist with over 30 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 has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX). 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 higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously spent +$35m on completing the open-pit feasibility work. At the neighbouring Riley Iron Ore Mine, the company moved from a highly successful explorer to producer with completion of the first shipment. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance previous exploration completed by Venture to test the priority 20 km long Thor target, with drilling having commenced. At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors to be drill tested along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. 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 174 with Managing Director Andrew Radonjic is all about Venture Minerals building a Rare Earth Portfolio of projects in Western Australia. It is no surprise that Venture Minerals Limited (ASX:VMS) is now adding Rare Earths to the portfolio. The creation of a Decarbonisation Mineral Exploration Portfolio makes complete sense. Get to know Venture Minerals Limited (ASX:VMS) For those readers who have just come across Venture Minerals Limited, the best way to conceptualise the company is to see it as a Targeted Diversified Mineral Explorer with a very experienced Managing Director. Andrew Radonjic has the silver hair happening coupled with a very smart strategy. I remind many readers that when I first interviewed Venture, I coined the term Targeted Diversified Mineral Explorer. There are many diversified companies but if you have been in this industry for a long time, you start to learn to identify those that are real and those that are there to fill up space. In that first interview, I realised that the diversified portfolio in its own right has good projects. Over the years and having sat through many conversations, I believe the company is starting to create its own personality. The limiting factor is the fund allocation. In every business, there are always budgets, and Venture is no different. The Building of a Western Australia REE project In the last Coffee with Samso, Andrew Radonjic, Managing Director of Venture Minerals pointed out that the company has been looking at Rare Earth projects for a while now. The creation of a Western Australian based REE project does not surprise me at all (Figure 1). What makes this portfolio different is the location. The nearest focus on the REE news has been in the wheatbelt which is still a distance away. I cannot think of anyone that is building a project near the Venture ground. The rising trend has been in the wheatbelt region of Western Australia which is about 50km to 100km south of the current project. Recap: As we previously mentioned, the first mention was the discovery of REE within the Mount Lindsay project. This was first released on 20th September 2022. All the news releases are listed below. Figure 1: Location of the new REE project for Venture Minerals Limited. (Source: Venture Minerals Limited). Samso's Conclusion It is no big secret that there is a REE bandwagon going around the Australian Stock Exchange (ASX) at the moment. I have just been at the RIU Conference in Sydney and had a chance to talk and look at some of these projects. The common theme is that the majority of projects have come about from resampling of previous holes. There has been little understanding of the quality of the projects other than the assays. As I have mentioned many times, my go to person for REE information has been Brett Hazelden from OD6 Metals Limited (ASX: OD6) . In his latest video, he talks about the refractory nature of some deposits. When the company completed their latest metallurgical work, it became apparent that there is a distinction between deposit types. The distinction is based on how easy it is to extract the REE. In a simplistic explanation, the OD6 commentary is that the deposits which are highly weathered are easier to extract. In the video he talks about how the deposits further away from the granitic source are more weathered. Hence, when I look at the Venture announcement, what strikes me immediately is that there are two deep holes which ended in mineralisation . Could these drill holes have gone deeper? The grades look interesting as it is nearly 50m. There are resources out there being funded with grades around less than the historical intercepts announced by Venture Minerals. The next point that strikes my interest is that the project is located in traditionally deeply weathered terrains . Some of the terrains are weathered in excess of 80 to 100m. If that is so, would the mineralisation have gone that deep? Could the troughs that span a distance act as a trap for the REE? These are hypothetical observations and I am highlighting it because this is where I feel the project may have some good differences to the other REE projects in the market. For this reason, I encourage readers to seek more information and if possible, speak to Andrew to get more information. Tune in to Andrew's thoughts here. Chapters: 00:00 Start 00:20 Introduction 01:10 The VMS Rare Earth story. 04:25 The significance of the historical drill holes. 07:33 Venture Projects Potentially in New REE Province? 08:27 What makes the VMS REE story different? 14:41 Is VMS stretching resources to fund all the projects? 19:41 Thoughts on the geopolitical issue surrounding Rare Earths. 22:56 News flow 26:49 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, totaling 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 Subscribe to 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 101 with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS) indicates that they are a Green Tin player. Venture Minerals is now a major player in the Tin sector. The Mount Lindsay project is in the spotlight with the surging Tin price. In addition to that, the nature of the infrastructure is going to make Venture Minerals a Green Tin player by default. The Mount Lindsay project has always been the flagship project for Venture Minerals. However, the project had been shelved for several years due to a drop in tin and tungsten prices. Now, the recent surge in tin price is definitely changing the value of the project. The first drilling activity since 2012 has parked this conversation as the company is now going back to test the Renison Mine Sequence that has been the focus for Venture Minerals. What the drilling has shown is that there is a strong indication of a repetition of the mineralising sequence. Let's listen to these Chapters: 00:00 Intro 01:11 Andrew explains the drilling results and what it means for Venture Minerals Limited. 07:33 Reasons why Mount Lindsay is a Prize. 12:06 What does the 150m Alteration Halo mean ? 15:36 What is a good Tin grade? 18:55 What is the best way to mine Mount Lindsay? 23:16 Why Investors should look at the untapped potential of Mount Lindsay. 25:44 The Green Tin Story Begins. 29:56 Green Tin, a Rising Tin Price and compliant ESG for Venture Minerals. 32:01 Tin Association predicting extra demand of 60,000T of Tin. 32:24 More reasons why the price of Tin will continue to rise. 36:59 Samso's thoughts on Venture Minerals. 39:18 Final Words from Andrew Radonjic - The Grey Fox. 42:15 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM Mr. Radonjic is a geologist and mineral economist with over 30 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 has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is also a non-executive director with Blackstone Minerals. About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) is entering an exciting phase as it looks to move from explorer to producer with production at the Riley Iron Ore Mine in Northwest Tasmania. At the neighbouring Mount Lindsay Tin-Tungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has refocused Venture’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin-Tungsten deposits, the Company has commissioned an Underground Scoping Study on Mount Lindsay that will leverage off the previously completed feasibility work. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance previous exploration completed by Venture to test a Julimar lookalike Nickel-Copper-PGE target. At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors currently being drill tested which are situated along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. 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

Rooster Talk Episode 62 is all about why Chalice Mining Limited (ASX: CHN) chose those targets. Venture Minerals Limited (ASX:VMS) has just received some interesting news on their Thor JV with Chalice Mining. The Thor JV has been one of the company's assets with an active exploration program. It is an important part of the portfolio of assets which is worked by Chalice Mining. We have had a Coffee with Samso that was dedicated to that topic (Julimar's Twin Brother - The Thor Project - Venture Minerals Limited (ASX: VMS) - Episode 83) as there is a lot of interest riding on what Chalice is doing in the project. To me, the recent announcement that was published on 13th July has something that is very interesting. The area that they have identified is at a place where I thought was a jog or an area where some extension may have happened. This is fairly observant from the magnetic image where this distinct bend is. This is a very early stage target and I am not saying that there is an X on the ground to discover. What is nice to see is the coincidence with the geophysics. The subtle nature of the wording in the announcement is not consistent with my observation. What I mean is that if they did not find anything geochemically at that spot, I would have been disappointed. I encourage viewers to watch and listen to Andrew Radonjic, Managing Director of Venture Minerals, as today´s conversation has some good points for investors to consider with the "tough" times currently on the market. Chapters 00:00 Start 00:20 Introduction 01:01 Andrew updates. 02:55 The Two Targets. 07:26 Maybe Chalice has found the sweet spot. 12:05 The Western Yilgarn margin. 14:16 Factors that create mineral exploration discoveries. 19:48 Market and Exploration Expectations. 20:36 Other Venture projects. 24:24 The need to understand market sentiment and mineral exploration. 26:40 The need for investors to play the patience game. 27:37 Andrew´s last words. 29:05 Conclusions PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM Mr. Radonjic is a geologist and mineral economist with over 30 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 has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX). 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 higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work. 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 met its expenditure requirement of $1.2 million to earn up to 51% with a further $2.5 million (at its election) over the next two years to earn 70% at Venture’s South West Project with new targets identified at Thor. At the Company’s Golden Grove North Project, downhole EM has delineated a large conductor under High Grade Zinc-Copper-Gold drill intersections within the 5km long Volcanogenic Massive Sulfide Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets. 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 96 with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS) Venture Minerals is suffering from too much value in its portfolio. What was a defensive strategy to gather as many projects as possible to find a single jewel has led them to unearthing a chest full of treasures. Andrew Radonjic helps us understand the significance of the Kulin Project and why this is not just another Greenfield project. This is not a nearology play nor is it a project using namesakes to attract attention. Andrew shares with us the sound exploration deduction to create a project that will add significant value to shareholders. Kulin is a Ni-Cu-PGE target in its own right. Andrew tells us that the geology is consistent with current thinking on this style of deposits. Furthermore, a big major has taken a large tenement package adjacent to the current Venture ground. What further belief would you need on the prospectivity of this area if a major mineral company is taking big chunks of land as well? What's interesting to note is the surging Tin price. The Mount Lindsay project is set up to take advantage of the current pricing. The bigger story is that the Mount Lindsay project is naturally Green in the sense of making this a totally ESG compliant project. Do not miss out on what Andrew Radonjic has to say. Updates on the Kulin Project. Why Kulin could be a Ni-Cu-PGE project in its own right. What Ni-Cu-PGE is all about. The surging Tin price making Mount Lindsay a big bear to watch. The Green Story for Mount Lindsay. Mining Mount Lindsay may be Green due to economics and not an ESG requirement. Chapters: 00:00 Intro 01:08 Updates on Kulin. 04:42 The Thor project is not a Nearology play. 05:37 Is Kulin a New Frontier? 11:30 What is the fuss with Ni-Cu-PGE statement? 17:04 Could Kulin be a JV target? 20:45 Is the surging Tin price pushing Mount Lindsay back as a flagship project? 27:00 Could Mount Lindsay be the Green Tin producer? 31:02 Ore sorting could make Mount Lindsay even more valuable. 32:25 Great positioning to be a World Class Tin Player. 34:45 The Green Tin Story is more than a Dream. 35:41 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM Mr. Radonjic is a geologist and mineral economist with over 30 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-lead during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is also a non-executive director with Blackstone Minerals. About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) is entering an exciting phase as it looks to move from explorer to producer with production at the Riley Iron Ore Mine in Northwest Tasmania. At the neighbouring Mount Lindsay Tin-Tungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has refocused Venture’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin-Tungsten deposits, the Company has commissioned an Underground Scoping Study on Mount Lindsay that will leverage off the previously completed feasibility work. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance previous exploration completed by Venture to test a Julimar lookalike Nickel-Copper-PGE target. At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors currently being drill tested which are situated along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. 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 This interview is also published on Brilliant-Online Brilliant-Online pushes for a better world with its interactive magazine and advertorial content. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Read Brilliant Investments