Coffee with Samso Episode 110 with Robert Mosig, CEO of Caeneus Minerals Limited (ASX: CAD). Caeneus Minerals is a nearology play that seems to be showing some signs that they may be tapping into a known mineralised system. The Pilbara may well be finally giving up its long held secret of unknown sources of gold occurrences. The first goldfields of Western Australia may finally be giving up its secret. I have long said that mineral exploration is where you find the next deposit. I am a big believer that the easiest way to look for a value adding project for shareholders is to find your own. It is well known that a discovery is a combination of science, persistence, excellent management and LUCK. A combination of all of those points is the key to success. In this episode of Coffee with Samso, I speak to Robert Mosig who is the CEO of Caeneus Minerals Limited (ASX:CAD). Rob is a very experienced geologist who has extensive years of practicing the craft of finding a needle in a haystack. I say this with utmost respect as Robert comes from the brand of diamond exploration geology. Anyone who has had experience in the world of diamond exploration will tell you that looking for an economic source of diamonds is very expensive and extremely hard. The out of the box thinking, the hours of looking at possibilities is very challenging. To add more merits to Robert, he was also the founder of Helix Resources Limited (ASX: HLX) and Platina Resources Limited (ASX: PGM), which after all these years, are still on the ASX. Robert shares with us his history and why he feels that there is a great story in Caeneus Minerals' Mallina Basin which is located in the Pilbara Region of Western Australia. Chapters 00:00 Start 00:15 Introduction 01:14 Robert Mosig Introduction 03:39 The Caeneus projects. 06:08 Exploration is the key to success. 08:31 Sulphides in the drilling at Robert Hill. 10:37 Is the alluvium a good sign for the Pilbara? 13:31 No issue with Refractory Ore. 15:05 Pilbara is well endowed with Gold. 16:01 Are there any similarities in geology with Hemi? 17:53 The significance of the 20,000m drilling program. 20:01 The exploration style reminds me of old school exploration. 21:47 What is the market telling Robert about exploring in the Pilbara? 24:03 Has new information on the Pilbara region helped Robert in his way forward? 26:00 What are the news going forward? 26:57 Last words of wisdom from Robert. 28:33 Conclusion PODCAST About Robert Mosig Mr Mosig is a geologist with over 30 years experience in platinum group metals, gold, diamonds and specialty metals. In 1986 he was the founding Managing Director of Helix Resources (ASX:HLX) and in 2006 he was the founding Managing Director of Platina Resources Limited (ASX:PGM). Mr. Mosig brings to the Caeneus team a strong technical and corporate contribution covering involvement in field programs through to corporate and technical acquisitions and fund raising activities. About Caeneus Minerals Limited (ASX: CAD) Caeneus Minerals Ltd (ASX: CAD) is an Australian-based mineral exploration and development company established for the purpose of acquiring a portfolio of highly prospective exploration projects. The Mallina Province Project The company’s exploration licences at Roberts Hill and Mt Berghaus cover an area of 170 sq km and 179 sq km respectively and are situated approximately 50 kilometres to the south of Port Hedland. The ground is comprised of structurally and chemically altered granitic, intermediate and ultramafic intrusive rocks which are considered highly prospective for additional gold occurrences to the recent discoveries in the region (De Grey’s Hemi). 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 Brilliant Investments Samso's compelling ASX stories are also featured on Brilliant-Online.

Coffee With Samso Episode 116 with Jason Stirbinskis, Managing Director, Los Cerros Limited (ASX: LCL) on why he is excited about the prospect of finding a Tier-1 gold porphyry deposit in Columbia. The Los Cerros Limited (ASX: LCL) story is one that I am pretty sure not many ASX investors would look for in the market. In today's Coffee with Samso, we learn about a high-grade gold porphyry that could make Los Cerros a Tier 1 player in the land of giants. There is a significant moment happening now as Los Cerros moves towards drilling a high chargeable target that is between two significant prospects, Miraflores and Tesorito. The moment of truth may be near as drilling continues. We told the market that we may have a potential core of mineralisation between Miraflores and Tesorito. The geophysics is now backing this theory. What I like about Los Cerros is that this is looking like a high-grade gold porphyry which is not that common. Most porphyries that I have come across have been a copper-gold system. Jason tells us that this is looking like gold dominated but there is significant evidence that a polymetallic nature may be present as well. Tune in to find out how Jason Stirbinskis intends to take Los Cerros into the land of giant gold porphyry deposits. Chapters 00:00 Start 00:20 The Los Cerros Story. 01:48 Porphyries in Colombia. 03:43 The Colombian Porphyries. 05:27 Los Cerros is a Gold Porphyry. 06:30 Are the younger rocks easier to explore? 08:06 The Belt is well endowed. 10:22 Is there a major structure defining the mineralisation? 12:10 Clustering of deposits. 14:04 The Tesorito Announcement. 15:49 What is the significance of the geophysical anomaly? 17:09 What if the geophysical highs do not represent mineralisation? 18:14 How big can the project get? 20:20 Looking for elephants. 21:30 Are there any high-grade results from the surface? 23:17 How do you choose which good project to start with? 26:24 Is the structure complicated? 27:37 What is the mineralised width of these porphyries? 28:49 Has there been any metallurgical work done? 29:48 Where are the investors coming from in your latest Capital Raising? 31:10 Are you feeling that Australian Investors don't know the Porphyry story? 32:30 How do you evaluate "Good" intercepts in your drilling, from a Porphyry context? 34:03 Difference between Australian Porphyries and others. 34:56 What are the news for investors? 36:00 How is Los Cerros doing ESG? 37:51 Lucky Find. 38:56 What is the jurisdiction question for Colombia? 41:07 Conclusion PODCAST About Jason Stirbinskis Managing Director BSc, MBA Jason was appointed Managing Director on 16 August 2019 as part of Los Cerros merger with Andes Resources where he also held the role of Managing Director. Originally a Geologist, Jason Stirbinskis is a Corporate Executive with 12+ years’ experience leading both private and public companies in the mining and mining services space. He is experienced across a number of commodities including gold, zinc, lead, copper, and nickel and has managed projects ranging from greenfield to DFS/Development in West Africa, Scandinavia, Australia and Central Asia. Jason is well networked across international and Australian capital markets and skilled in leading multidisciplinary, international teams. About Los Cerros Limited Los Cerros Limited (ASX: LCL), incorporated in Australia, is an ASX listed exploration and mining company. In August 2019 Metminco Ltd merged with Andes Resources Limited to form Los Cerros Limited and resulting in a dominant position within the Andes and Quinchia regions of the Mid-Cauca Gold belt. Across the ~100,000ha portfolio of applications and granted titles, projects range from multiple early-stage exploration, through to advanced projects including feasibility. Los Cerros primary focus is the Quinchia Gold Portfolio, which is located in Colombia’s Mid- Cauca Belt, and has a JORC compliant Resource 1.3Moz made up of 0.84Moz of gold (Measured+Indicated) and Reserve of 0.547Moz of gold at the Miraflores site and ~0.46Moz of Inferred Resource at the Dosquebradas site. The 10,500ha Quinchia Project contains a number of gold deposits and significant exploration and development targets including Miraflores, Tesorito, Chuscal and Dosquebrada. Los Cerros Andes Gold Portfolio consists of a 90% interest in ~85,000ha of tenements also within the Mid-Cauca belt and including 3 granted titles. Only ~10% of the expansive portfolio has been systemically explored but already delivered 12 vein-type gold/silver targets and multiple gold/copper porphyry targets. 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. 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

Coffee with Samso Episode 125 is with Brad Valiukas, Managing Director of Aurumin Limited (ASX: AUN) Aurumin Limited (ASX:AUN) listed on the Australian Stock Exchange (ASX) two very interesting projects in the Southern Cross Goldfields, a region that has a history of producing high-grade resources. The acquisition of 750,000 ounces of gold is a clear indication of the intent of Aurumin Limited. I felt that Brad Valiukas and his team were focused on their mining strategy. This move has confirmed my thoughts. The strategy was pretty straightforward. Acquire historical mining projects that have potential for growth. Drill. And develop. When I hear companies with this strategy, I notice that many use it as their lead for a story, but few actually have the intent to make it happen. The initial Mt Dimer and Mt Palmer and Johnson Range are initial cornerstone projects for the company. However, with this acquisition, the Sandstone project is a step up. One of the key aspects of the project is the 500,000 ounces of gold resources which is untouched and underground. In my opinion, this is an upside that cannot be ignored. We're not talking about a sprint to the finish here. If anything, this is going to be a marathon, and by the sound of our conversation, there are more surprises coming. Chapters: 00:00 Start 00:25 Introduction 00:55 Brad discuss Sandstone acquisition 01:40 The prospectivity of the Sandstone and how Aurumin pitches the story now. 03:15 How do the older projects work alongside the new project? 04:53 Key projects of Sandstone. 07:06 Is there a Mill story? 09:03 Neighbours are finding new gold, is this positive for Aurumin? 11:01 How do you explain the low grade story to investors? 13:17 Making the ounces work. 14:40 Underground is a new play - Renovation is not always a good thing. 15:08 What are Brad's thoughts on the potential? 16:05 The ore is recoverable. 16:39 Does the market like this gold space? 18:59 Interest for transaction. 19:53 What are the news coming up? 20:48 What is happening in the other projects? 22:31 Are your other projects a preview to what will come with Sandstone? 23:33 Satellite projects will make the Mill story work. 24:34 A communal Mill will work for all players. 25:52 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Brad Valiukas - Managing Director BEng (Mining), GradCert (Econ), Member AusIMM Mining Engineer and experienced executive with over 20 years operational, management and executive experience covering underground and open pit operations across multiple commodities around Australia and internationally. Brad's most recent position is that of Manager – Technical Services for Northern Star Resources. He was previously COO at Focus Minerals, COO at ABM Resources and held senior roles at Mincor Resources. About Aurumin Limited (ASX: AUN) Aurumin Limited (ACN 639 427 099) (Aurumin or Company) is an Australian company incorporated on 28 February 2020 in Western Australia as a mineral exploration company to allow the reorganisation of projects held by Aurumin Mt Dimer Pty Ltd (formerly Acertim Resources Pty Ltd) (Aurumin Mt Dimer). In particular, the Company was established to enable the restructure of the Mt Dimer, Mt Palmer and Johnson Range projects into separate project entities and further consolidate additional tenements, and to progress these gold exploration projects in the Southern Cross and Kalgoorlie regions. Since incorporation, the Company has acquired 100% legal and beneficial ownership of Aurumin Mt Dimer and Aurumin Mt Palmer Pty Ltd (formerly Mt Palmer Gold Pty Ltd), and has entered into a further 3 tenement acquisition agreements and applied for further tenements such that it now has an interest in 29 tenements across 4 projects. 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 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 129 with Ian Murray, Executive Chairman of Matador Mining Limited (ASX: MZZ) The Story Begins It has been a long wait, but I had Ian Murray come by for a Coffee with Samso finally. I first came across Ian in 2011 (I think) in Hong Kong at Mines and Money. We spoke briefly about what Gold Road was doing and how I was impressed with their tenure in the Yarmana Greenstone Belt. Fast forward a few years later and it looks like Ian is on another similar project. This time however, it looks like an easier project that is destined to be a gold mining district. The Cape Ray project is one that has the potential to be a multi million ounce gold mine. All it needs now is drilling. And more drilling. In the previous Coffee with Samso Episode 54, we had Warren Potma sharing how the company is systematically working on the project. One of the imposing features of this project is the 120 km of strike (length), where the company is continuously finding gold mineralisation. In today's episode, I talk with Ian Murray about how Matador Mining has been handling things since that last conversation. The conversation we had today over our coffee was a really insightful one. Ian painted a clear backdrop of what has happened since then, what will happen and what could happen next. What I liked was that this conversation was not a promotive one, it's not a blue sky style conversation, but a factual commentary. When I look at Matador and their projects with the market capitalisation of just under AUD64M, I can't help but think that it's not valued appropriately. They have resources of over 800K ounces as well as a project that is striking 120km. There is a great disconnect in that picture, in my opinion. Many may say that this is a situation of having a non-Australian project. There may be some truth in it, but remember, the world is moving past the pandemic, and we are finding ourselves in a very inflationary situation. I think a good gold project in a Tier-1 jurisdiction is actually critical. With Matador, it is no longer about if they will have a resource. In my opinion, it is a matter of these three things: 1. How big is it? 2. When will they be in production? 3. When will they be consumed by a bigger player? I feel that the market does not realise that Matador is a miner in the making. Matador is a company that will be a miner with multi million ounces of gold. Viewers should take a good look at the fundamentals of the company and DYOR. Ian Murray has done this before and he knows what needs to be done. It is a simple process of making sure funding exists, and to keep drilling. Chapters: 00:00 Start 00:20 Introduction 01:11 Ian Murray introduction 02:03 Update on the Cape Ray Project. 04:19 Can Cape Ray be big? 06:32 Is there a consistent style of mineralisation? 07:54 The low grade vs. high grade question. 10:10 How waste can dilute an ore body. 11:08 The unloved nature of the gold narrative. 12:25 The need to be relevant in the market. 14:23 Is Matador a Simple Story? 16:15 Are there surprises in the geology of Cape Ray Shear? 19:05 Are there any Metallurgical concerns? 20:02 Is there a magical geological formula? 22:16 Will Matador do Cape Ray justice? 24:19 Cape Ray is a Company maker. 25:07 A Hermitage story? 26:44 Potential for pegmatites. 27:09 Can the Cape Ray shear host high grade deposits? 28:37 Newfoundland has little history of exploration. 29:54 TSX vs. ASX. 32:35 How is the Matador story being received? 34:27 News flow for the next 12 months. 36:41 Conclusions PODCAST About Ian Murray Mr Murray is a Chartered Accountant, a Member of Australian Institute of Company Directors, and holds an Executive degree in Advanced Management & Leadership from the University of Oxford, Saïd Business School. With over 25 years’ mining industry experience in senior leadership positions, including the position of Executive Chairman and Managing Director of Gold Road Resources Ltd (ASX: GOR) and DRDGold Ltd (NYSE & JSE: DRD), he has also held executive positions with international ‘Big Four’ accounting firms. Mr Murray brings a wealth of financial, corporate, project development and operational experience to the Board and most recently led Gold Road as it transitioned from explorer to large scale gold producer. Mr Murray has been the recipient of many awards during his leadership of Gold Road, including the Gavin Thomas award for leadership, the Diggers and Dealers Deal of the year award in 2017, after winning the best emerging company award in 2011 as well as the CEO of the year award from CEO Magazine. About Matador Mining Limited (ASX: MZZ) Matador Mining Limited is an exploration company that is listed on the Australian Stock Exchange (ASX). The company has its main project in the south-western area of Newfoundland, Canada. The Project is about 25 km northeast of the coastal town of Port aux Basques and is located on the Cape Ray shear, one of the most prospective, yet under-explored gold regions in North America. The Company is the largest holder of ground along the Cape Ray shear, with approximately 120 km of continuous strike along the shear. The Company’s tenement boundary is located approximately 50 km along strike from Marathon Gold’s (MOZ.TSX) 4.2Moz Valentine Lake Gold Project. The Cape Ray Gold Project The Cape Ray Gold Project (Cape Ray or the Project) covers approximately 120km of strike along the highly prospective, yet under explored Cape Ray Shear located in Newfoundland, Canada. The Project hosts a current resource of 837,000oz Au at 2g/t Au, across four deposits, all of which are within 15km of strike. A 2020 Scoping Study (ASX announcement 6 May 2020) highlighted that Cape Ray has the makings of an excellent gold project, with low estimated All In Sustaining Operating costs (US$776/oz Au), strong IRR (51% post Tax) and rapid payback (1.75 year). These strong outputs were driven by the Project’s high grade, yet shallow gold mineralisation, (average head grade of 2.6g/t au during the first four years of production – 88,000oz Au per annum) that ranks the Project as one of the highest grade, undeveloped open pit projects globally. However, prior to commencing a Pre-Feasibility Study, the Company identified the requirement to grow the Resource further to ensure the initial 7 years mine life assumed in the Scoping Study is increased. To achieve this, the Company believes a blend of expansion drilling around known deposits as well greenfield exploration to test the vast, yet under explored Project area as the optimal strategy. The Company therefore outlined the most expansive exploration program for the 2021/22 season, including: 45,000 metres of diamond drilling; Five power auger drill rigs; 80 kilometre Heli-Mag program; and Inaugural winter exploration program. 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 Episode 63 with Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R) is an update on Gidji, Glandore and Whaleshark. Every episode I do with Allan Kelly is full of information. This episode is no different. It is insightful and clearly lays out why Miramar Resources Limited has an enormous potential. The timing of this discussion cannot be more perfect. In the last conversation with Allan, we spoke about why Gidji must be considered as a new mining camp. Imagine being only 5 minutes drive from the town of Kalgoorlie. To top that off, it is bounded to the surroundings by Kundana, Mount Pleasant-Paddington, Kanowna Belle, Bardoc Shear to the north and the super pit to the south (Figure 1). Figure 1: Regional Map of the Miramar Eastern Goldfields projects. (Source: Miramar Resources Limited) Allan is not professing that he has a million ounce project in Gidji. However, what he can say is that the potential for Gidji is growing, going by the drilling program. When you look at the geological data, one has to agree with Allan's interpretation. As a geologist, what I can sense is a growing level of frustration of no assays. For an exploration company, the most frustrating part is lack of money and a lack of drilling success. In the case of Miramar Resources, it appears that the funding part has been ticked. The exploration success is abundant but the lack of assays is at critical level. I can see that Allan is almost drilling blind but fortunately for Miramar, the previous consistent success may be the light to follow. This is the critical conversation in today´s episode. Take time to listen to how Allan breaks down the projects, and what they are doing at Gidji. The Gidji potential story mirrors what Kalgoorlie was before gold was discovered. The focus may have been on Gidji but the discussion then moves onto Glandore and Whaleshark. The conversation is almost fifty minutes and packed with noteworthy insights. I encourage viewers to make a nice brew and take some notes. Chapters 00:00 Start 00:20 Introduction 01:16 Allan updates. 02:22 Good results in bedrock geology. 04:27 What are the challenges from the bedrock geology? 07:09 How close is M2R vectoring to the primary source? 09:55 Raglan talks about Dolerites. 10:37 Where could the lagging results sit in the scheme of your project? 11:07 Consistent mineralisation results at the supergene level. 11:24 An important Ingredient is Competency Contrast in Geology - A Lesson. 12:32 Discussion on Blackfriars prospect. 13:17 Discussion on Highway prospect. 14:13 Blackfriars may be the better prospect. 15:01 Blackfriars and Highway are awaiting assays. 15:54 How is the lack ofcompete assays affecting the geological models? 17:18 Discussion on the Boorara North prospect. 19:09 Discussion on Lake prospect. 19:55 Discussion on Gidji Dam. 20:51 How much understanding does M2R have on the geology and structure? 23:51 The amazing thought that Gidji is unexplored. 25:50 The positives of Gidji. 27:06 Could 8th Mile be a "Red Herring" ? 29:41 Nickel Prospectivity. 32:25 The other Miramar projects. 32:52 Discussion on the Glandore project. 36:07 Discussion on Whaleshark project. 37:26 The model for Whaleshark - Ernest Henry. 38:46 How should investors look at M2R now? 39:23 The target for Gidji. 39:59 The target for Glandore. 41:08 The target for Whaleshark. 41:44 Miramar is undervalued. 43:09 Gidji as a blank canvas. 45:04 Conclusions. PODCAST About Allan Kelly Executive Chairman Mr. Kelly is a geologist and manager with over 25 years’ experience in mineral exploration, development and production throughout Australia and the Americas. Mr. Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early-stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd. In 2009, Mr. Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr. Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014. In 2014, Mr. Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr. Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits. Mr. Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Institute of Brewing and Distilling (IBD). About Miramar Resources Limited (ASX:M2R) Miramar Resources Limited is a Western Australian focused mineral exploration company with projects in the Eastern Goldfields, the Murchison and Gascoyne regions. The portfolio of exploration projects has high potential for new gold discoveries within trucking distance of existing operations and for the discovery of nickel-copper-platinum group element (PGE) mineralisation. Miramar aims to create shareholder value through discovery and the Board has a proven track record of successful discovery, development and production. 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-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 151 is with David Riekie, Executive Director - Adavale Resources Limited (ASX: ADD) Focusing on a discovery in the East African Nickel Belt. David Riekie, the Executive Director of Adavale Resources brings us the latest activities with the company. The company is currently completing a fund raising exercise and it gives current shareholders a great opportunity to participate. There appears to be a lot of exploration activities happening in the coming months. David gives us a breakdown on what is happening with Adavale as they move into another period of exploration activities. As the company moves into the next phase of exploration, David explains why the East African Nickel Belt is important, and why Adavale will be benefiting from the lack of historical exploration. As I decipher the conversation, I feel that Adavale is benefiting from a dominant land holding in this nickel belt. There are not too many stories where a small cap company is holding this position. The nearest analogy for me is when the Yamarna Greenstone Belt was predominantly controlled by Gold Road Resources Limited. They held a similar dominant position like Adavale. That land holding has now allowed the company to be the owner of over 9M ounces of gold. Previous Videos with Adavale Resources Limited Chapters: 00:00 Start 00:20 Introduction 01:05 Updates about fundraising. 02:45 Follow up on plans from previous discussion. 04:45 Explanation on conceptual model of EM signatures in Kabanga. 08:39 Interpreting the images from the presentation. 11:56 Is the East African Nickel Belt a belt worth looking at? 14:42 Comments on BHP investing in the Kabanga project. 17:34 Thoughts on comparison to Gold Road. 19:32 Is this the start of a consolidation period of producers in the base metals space? 23:03 Comments on being in a belt that is not well explored. 26:11 Thoughts on the Nickel market. 30:18 News flow for Adavale. 32:03 Prediction on discovery holes. 34:02 Why Adavale? 36:13 Conclusions PODCAST Reference : Evans, D.M. & Hunt, Jp & Simmonds, John. (2016). An Overview of Nickel Mineralisation in Africa with Emphasis on the Mesoproterozoic East African Nickel Belt (EANB). Episodes. 39. 319-333. 10.18814/epiiugs/2016/v39i2/95780. Download this eBook This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About David Riekie Executive Director David is an experienced director in the capacity of both Executive and Non-Executive roles of ASX listed companies. His career has spanned multiple continents. Within Africa Namibia, Tanzania, Eritrea, South Africa, DRC and Mozambique are notable. He has overseen exploration and resource development, scoping and feasibility studies, production optimisation, stakeholder engagement, acquisition programs and expansion initiatives. David most recently has served on the Boards of remote power generation and energy solutions specialist Zenith Energy Limited (ASX: ZEN) and independent uranium producer Paladin Energy Limited (ASX: PDN). David also served as interim CEO to Poseidon Nickel Limited (ASX: POS). David holds a Bachelor of Economics and a Graduate Diploma of Accounting from Flinders University and has been a member of the Australian Institute of Chartered Accountants since 1986. About Adavale Resources Limited (ASX: ADD) Adavale Resources Limited (ADD) holds 100% of the Kabanga Jirani Nickel Project (“the Project”) consisting of six granted licences and one application covering nearly 1145km2. These licences are adjacent and along strike from the world’s largest undeveloped nickel sulphide resource, namely The Kabanga Deposit which contains a measured, indicated and inferred resource of 58Mt @ 2.62% Ni (Barrick and Glencore, 2014). The ADD licences are located along a trend of mafic/ultramafic intrusions known as the Kabanga Musongati belt and contain Nickel Sulphide ores and PGE concentrations. Project 1 – Nickel – Kabanga Jirani Nickel Project, Tanzania Adavale Resources Limited also holds 100% of the Lake Surprise Project with three exploration tenements covering nearly 396 km2 within part of the highly prospective sedimentary uranium province within the northern part of the Lake Frome Embayment. These tenements lie within a flat, semi-arid landscape located just to the north of the Flinders Range in South Australia. These include EL 5892 comprising 92km2 , EL 5893 comprising 167km2 and EL 5644 of 137km2. These are known as the: Jubilee Prospect Mookwarinna Prospect Canegrass Swamp Prospect Project 2 – Uranium – Lake Surprise, South Australia The Lake Surprise Project Area is located in South Australia, 550km north of Adelaide, and 70km East of Marree. The company holds 3 tenements, EL5892, EL5893, and EL5644 with a total area of 396 km2. Adavale explored the original tenements in this area between 2007 and 2011 with 486 holes drilled in that period. 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 Partnership 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 64 is with Don Smith, Managing Director, Tempest Minerals Limited (ASX:TEM) and Iain Macpherson, CEO of Lole Mining Limited. Tempest Minerals is now moving into a production space with what looks like a project that I am vaguely familiar with. I came across this project almost 10 years ago during my travels in this industry. It was in private hands at that time, and it definitely had the credentials to perk my interest. The transaction is still far from being complete as there are still several steps to go. Assuming all goes well, the inclusion of Tolukuma will add significant value for shareholders as Tempest moves to become a producer. I don't think that the company is making any proclamations that this will be an easy path. In this episode of Rooster Talk, Don Smith and Iain Macpherson share with us the motivation of Tempest to take on the Tolukuma mine which was historically mined for gold and silver. Iain Macpherson, who is the CEO of Lole Mining Limited has experience in Africa and he accepts the challenging times ahead. Papua New Guinea is not a place for the faint-hearted but it is also a place for that elusive pot of gold if you get all your ducks in a row. The focus now for Tempest is to get the transaction completed and then work on the non-JORC resource in the mine. According to Iain, the establishment of these resources could see the mine back in action and pouring gold within 12 months. Chapters 00:00 Start 00:20 Introduction 01:02 Don updates us on the acquisition story. 01:37 Iain updates on the PNG projects. 03:04 Comparing Tolukuma and other PNG projects. 04:45 Is Tolukuma the main Non-Highland style of mineralisation? 06:46 What are the risks of PNG? 08:10 All about the Non-JORC resource. 10:08 Tolukuma Structures and the Penck projects. 10:29 Tolukuma Mine. 11:17 Mt Penck Projects. 12:35 How do investors look at Tempest Minerals now? 13:51 What are the next steps after the acquisition? 14:32 Iain explains what this means for Tempest. 15:27 When could cashflow happen? 16:33 What is happening at Yalgoo? 17:08 Newsflow. 17:52 Last words. 18:41 Conclusions About Don Smith Managing Director Don is a geologist and entrepreneur with over 20 years in the mining industry. He has worked in operational, development, exploration and consultant roles for junior through to multinational firms spanning over 10 countries and numerous commodities including base and precious metals and energy minerals. Don’s corporate experience includes project acquisition, financing and development and company management. Don has been the founding director of a number of private and public resource companies including the successful listings on the ASX of Platypus Resources and Alderan Resources. He is currently involved with several start-ups and consults to the industry. Don has a Bachelor of Science from Newcastle University and a Master of Business Administration from the Australian Institute of Business. Don is also a member of the Australasian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists. About Tempest Minerals Ltd (ASX:TEM) The Company listed via initial public offering (IPO) in 2017 under the name Lithium Consolidated Mineral Exploration Limited (Li3) with the goal of feeding the rapidly growing battery mineral industry. Li3 went on to acquire multiple lithium projects on 3 continents and had a string of successful exploration and divestment transactions. In 2019, faced with a challenging lithium market, the board decided to expand the strategic focus of the company into a more diversified direction and began looking at other commodities such as copper. At the end of 2019, Li3 acquired private exploration company Warrigal Mining and have subsequently continued developing an exciting portfolio of precious and base metals projects in Western Australia to complement the existing energy metal projects. In August 2020, shareholders elected to rebrand the company to Tempest Minerals Ltd to better reflect the evolved business and its more diverse commodity focus. About Lole Mining Ltd Lole Mining Limited is an unlisted public Papua New Guinea company registered in Australia with a number of emerging mineral exploration and development opportunities. Lole has rights to three significant gold (+ silver and copper) projects in PNG. These comprise: the historically operated Tolukuma Mine with existing resources and short-term production potential; The Tolukuma Exploration Project comprising a number of exploration licences across the broader Tolukuma mineralized structure covering some 2,000 km2; and the Mt Penck gold/copper project, with substantial historic exploration. About Iain Macpherson Iain has +30 years’ experience in senior management and executive roles in junior and major companies with a track record of developing, operating and financing mining projects on multiple stock exchanges. 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 152 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) talks about the Callisto PGE/Palladium discovery. The discovery of a PGE system has been made in Norseman, Western Australia. Now it is all about establishing a resource and create a path to production. This episode is a discussion on the potential and the understanding of what Callisto can be and the path to production. The project is blessed with the best access to highway, railway, gas pipeline and access to a deep port in Esperance. Watch the interview: Coffee with Samso Episode 152 As Galileo Mining moves into a new phase of drilling, I ask Brad Underwood how investors understand the PGE story. I ask him what can investors look for to better understand a good result and how to see value creations as more drill results materialize. Galileo has been creating so much value for shareholders lately with the discovery so I asked Brad what he thinks of the mineral resource industry. What are his thoughts about the future market sentiment? This sentiment will also dictate when his potential production path will follow. This is one of the best episodes with Brad Underwood so I urge readers to get a cup of coffee, tea or hot chocolate and settle in for a good half an hour of the Galileo story. Chapters: 00:00 Start 00:20 Introduction 01:28 Updates on the Callisto discovery. 02:10 Understanding the Callisto Project. 05:28 Interpreting the cross sections. 07:00 What is the next drill program testing? 08:48 Is this the biggest drill program in Galileo? 10:21 Lessons learnt from Exploration Results. 12:12 PGE Story - Rhodium. 14:15 PGE Story - Palladium. 15:28 How do Investors understand the PGE Story? 17:25 The Fraser Range Project. 18:10 Investors - Patience in PGE projects. 20:25 Plans on other projects. 21:46 Callisto - Production and cashflow timeline. 23:36 Will the Mineral Resources Boom Continue? 26:30 News flow summary. 28:16 Conclusions. PODCAST About Brad Underwood Executive Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company 2020 – Nickel Sulphides confirmed at Fraser Range project 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

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

To me, Carlow Castle is a strange project that has been around for a long time. It even had a small resource but the general public would never have heard of it. It was as if it was unloved and was one of the projects that would be stranded. It was all about lithium for a while and then suddenly cobalt reared its head up. I came across the project only when I became a shareholder of the company many moons ago. The company started pumping out announcements and I thought hey, I am a shareholder of a cobalt company. After doing some research on the project, I came to feel that this Carlow Castle project was the thing, it had real potential to be something great. Then the conglomerate gold rush came and it was all on for the punters… 🙂 I still felt that Carlow was the prize. At that time, I was a firm believer in the resurgence of base-metals and Ni especially. I also became a copper fan for some reason. Anyway, Carlow to me was all about this part of the equation and I was happy that I was in on the action. Like my normal thing, I just let the market do its thing and I was very comfortable with the team at Artemis, after all, they have vested interest to make the share price go up too. That part happened and then everyone was happy… however, I have yet to see Carlow become the mainstay of the company till now… well, I hope that’s what it will mean. On the 31st January 2018, Artemis Resources Limited (ASX: ARV) announced the following, 4.5 Mt of Cobalt/Copper/Gold JORC Resources at Carlow Castle – Karratha, Western Australia Highlights: Significant increases in Carlow Castle JORC 2012 Resources. JORC 2012 compliant Indicated and Inferred resources at 0.05Co cut – off grade, have increased to 2.3 Mt @ 1.3 g/t Au, 0.11 Co, 0.5 Cu & 1.6 g/t Ag within a global resource of 4.5 Mt @ 0.9g/t Au, 0.07 Co, 0.4 Cu & 1.3 g/t Ag. Deposits remain open and further drilling is planned in Q1 to expand resources. Open Pit optimisation studies and scheduling have commenced. Carlow Castle is only 30km north – east of Artemis’s Radio Hill treatment plant. On the 29th August 2018, ARV announced what I think is a significant addition to the deposit. The interception length and the grades observed in my opinion shows that the company may be showing signs that they have a better handle on the mineralisation. The image below is a part of the announcement. It is on the Artemis website. I am not saying that this is going to be a world class mine. However, I am now happy that more work is being done and have become more than intrigued by the potential of this project. The length of interception announced has got to get people excited, if not, they need to get their heads examined. It is nice to see that amount of drilling and the results are looking to be building a nice picture. I hope that the management will continue to take the punt and drill this bugger out. I can see that there appear to be zones happening. A more gold-rich zone and a more cobalt-rich zone ( or a less gold-rich zone). This announcement follows another on the 6th August which also shared some great intercepts which I believe shows the consistency that is needed to make this project viable from a technical point of view. The commercial viability part will need more work. The crew in Artemis have done an excellent job in doing the drilling the correct but painful manner. There have been many projects that have been drilled out in a hurry to please the equity markets. I guess it is a easy thing to do when you have loads of cash to drill holes. It is easy to be good when you have the money to test ideas and concepts :-). One of the things I would have a concern would be it’s the mineral assemblages… Too much copper/cobalt and you have a headache… The amount of this and that is not always a good thing in mining 🙂 However, I guess having a good problem to wonder about is better than not having to wonder about a bad problem. According to a release on the 19th June 2018, Artemis mentioned the following, 67.30 Gold Recovery (calculated head grade 13.8 g/t Au) 55.50 Cobalt Recovery (calculated head grade 0.84) 87.40 Copper recovery (calculated head grade 2.16 Cu) Those numbers are not the best, but it will do for now. As I mentioned the downside of this project, in my humble opinion is the metallurgical factors. The recovery rate of 67.30 is not fantastic, but I think with the time that they have, I would hope that they will try and work that out. The good thing about the team at Artemis is that I can see grey hairs mixed amount no hairs… Means that they have been around and have done much thinking… 🙂 One of the things I like about Carlow Castle is that it has an excellent chance to be an open pitable mine, and the future resource upgrade should make it very viable. There are probably many technical people out there that will argue, but I will preferably be on the side of most likely than most unlikely at this stage. If they can make the resource bigger and get a really good handle on the structure and metallurgy, this will be a great little project. I agree that there is still a long way to go. There may still be many issues that may be counter-intuitive to making Carlow attractive, so time and spending those millions in the company’s bank account will be important. Logistically, this is a great place. Carlow is a stone’s throw from Karratha and the infrastructure will a non-issue. As mentioned, the geology is complicated, and this is good because this could mean that there will be more goodies hidden (the ever optimist in me is always looking at the bright side 🙂 ). As I mentioned earlier, traditional EM (Electro-Magnetic), IP (Induced Polarisation) nor magnetic geophysical surveys have not picked up Carlow. It appears that only SAM (Sub Audio Magnetic) was effective. For those interested in understanding more, please feel free to contact the buys at Artemis. I am sure they will give a better explanation than me. Structurally, the last announcement made mention that the mineralised body seem to be turning south. This is another encouraging new information and could lead to more upgrades. The next phase of drilling will be very interesting. However, I would say that we all need to be patient as it will take more than a couple of drill holes to define where the mineralised body is heading. As easy as it turning south it could also face more change in direction. As I keep mentioning, the complexity of the deposit is a good thing as long as the drilling keeps following any new ideas. You probably will never see it in the same category as Bou Azzer, but it will likely find its level of significance. Like many of these cobalt hopefuls out there, there is a big difference in a project that can work or a project that cannot work. Blackstone Resources (ASX: BSX) went to Canada to drill a high-grade Cobalt project and was riding high with its share price reaching a high of AUD$0.66. Another drilling program later and they are now at AUD$0.11. Logistically, they were also in a challenging area. If they had a positive result from their drilling, they would have had to figure out how to manage the processing part. Most investors out there would not think about this. I must admit that I sometimes feel like that as well. Why bother about those silly things like whether a mine is ever going to be built in that place, even though it could be in that godforsaken place… 🙂 In the heat of buying shares, one can easily overlook some silly but essential factors :-). Carlow on the other case is flat, and the only hill is that from an ant. I visited the place in October 2017 with great thanks to Artemis Resources. A smooth drive on bitumen road north and then a turn south on a dirt road and you are on site. Not precisely remote by anyone’s definition. As you can see in the photos above, the area is a fantastic place to work. All you have to worry about is the extreme heat in summer and the flies between the seasonal change between the cold and hot seasons. With all the right points that we have mentioned, there is one issue that is worth mentioning. There is an increasing amount of regulatory obligations that a company has to go through these days. I understand the head banging issues and the whole waiting for approvals…etc. However, I see that as just part of the cost of business. As a sagacious man once told me (he has little hair left, whats left is white and is of an age that is north of 50) a convenient thought. In Africa, you deal with the ownership and corruption and guns, in Asia, you deal with the ownership and the corruption, in PNG, you deal with land ownership and corruption (personal experience), in Australia, you deal with the Mines Department and the Environmental madness… So I think it is an even distribution of issues. I remember a very prominent person in West Perth saying that he spent continuous days in a North African (could have been Eritrea) minister office waiting for a signature….. But I believe they sold that project after doing work for many millions and they did well. From a former company director and exploration student, Carlow is an excellent project to grow. I do feel that there is a great chance of Carlow making the grades. Looking at the projects in the small company space (although the market cap of ARV is not tiny), there are very few “base-metal” projects (I don’t like the Battery mineral terminology) out there that gives me the feeling of growth and blue sky. Most would look at the resource number and say its small. The more detailed investigation will most likely make it even smaller with many questions, but I think there is still a lot of meat that will make Carlow Castle the dark horse in the Cobalt scene. Remember that as much as the associated minerals can become an issue, if resolved, this can be a massive positive. If all the credits make a play, this deposit, whether it is a Cobalt, Gold or Copper project, will become very cost effective and make a lot of money for ARV. I have purposely made little reference to Carlow Castle as a cobalt project because I think this jury is still out having lunch. When I was last having conversations with associates, who have many opinions, we all agreed that this could have as much chance of being a gold deposit as it is to be a cobalt project and a minor extent a Copper deposit. In conclusion, I do feel that this is one of the better projects to watch. Very complicated but there is enough smoke already to show that this is a project worthy of keeping and nurturing. In my opinion, this will add value to the company and will have more chance of making a mine than not. Just in case people are wondering, I am not a shareholder of this company at the time of writing……. 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. www.samso.com.au 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

Bombora is a fantastic story to showcase why we do mineral exploration… The fact that the someone did the research, applied for the tenement, did the work and ultimately had success is the reason why I am sharing the story. The company involved is Breaker Resources Limited (ASX:BRB). I was reading the news with the headlines “Breaker back in favour with Bombora gold bounce” written by Stuart McKinnon. Upon reading the article, I thought, this is an exciting project. Hence, I continued spending more time reading it and I was right… it is a fascinating story. The Bombora gold project is 100km east of Kalgoorlie. It is a large tenement holding, 550 km2, and completely 100% owned by Breaker Resources (ASX: BRB). The cool part of this story is that it has been unexplored for the last 20 years and have had little historical exploration. The best part of that is that it has only about 5-10m of cover. Over the last 10 years when I have been doing lots of project evaluation, I remember seeing so many projects with the same style. Those characteristics are not unique. All they needed was some drilling but with the equity market the way it was during those times, they never made it. If you look at the state of the exploration market, there has not been any real exploration since probably the 1990s. What exploration that did attract money found some great things but in general, there has been very little money going into the market. However, I did see a lot of money starting to flow into the market in the last 12 months which is very encouraging. Mineral Exploration – The Historical Story On the 17th July 2015, the company announced that the drilling at Lak Roe would commence. The main target was a 4km-long zone of supergene gold mineralisation defined by historical drilling as see in Figure 1 and Figure 2. Eighty holes were to be drilled for a total of 3,200m. The historical data consisted of drilling from 1991 to 1998. The maximum depth of mineralisation was within 30m. Everything else was untested. Drill chips from these drilling showed clear evidence of sulphide and carbonate alteration within the dolerite (— It is pretty amazing that this project lasted this long and has been ignored over all these years. There would have been geologists and prospectors walking over these things and nobody had pushed for more work to be done. And to top it all off, I believe that they picked this project up by applying for it, meaning it was basically free.—). The was no drilling within the salt lake and the lake cover appeared to be thin as they could see outcrops within the lake to the immediate west of the dolerite. The aim of the drilling is to test any potential structural zones. In a layman’s explanation, the place where there is a weakness (lots of faulting/shearing) will lead to fluid movement and hence mineralisation. I should have listened more when I was in university in those structural classes… On the 26th August 2015, Breaker Resources announced that they had found a new Gold System at Lake Roe. The headline news was that they had found bedrock mineralisation (Figure 3). This means for those who are not clear is that they have found mineralisation in the basement, basically where you want to find it. The comment by the Managing Director of Breaker Resources basically sums up the situation, “the drilling has exceeded all of our expectations. The coherence, grade and extent of mineralisation encountered in a reconnaissance drill program of this nature is unusal and indicates a potentially significant new gold system” Although at this stage I don’t think that anybody is talking about the future or possible future size (well, not formally anyway…) it could become in the future, no can deny that these are encouraging results. Remember, there is not a resource definition in sight, no JORC (my SEA associate/investors, please take note), but these are super encouraging results. Remember that it was this kind of persistent exploration that discovered many supersize deposits in the past. The announcement continues to describe that bedrock mineralisation is best developed over a 2km-long zone in an area of structural complexity to the south where it is open along strike. it has an overall strike length of 5.5km (Figure 4; 8-m drill hole spacing). Mineralisation is up to 300m wide and hosted by a dolerite unit up to 800m wide (Figure 5). Remember that the initial drilling program was just a look and test thought and the drilling was to “refusal” (basically meaning as far as the drill rig can go, which is usually on top of bedrock) The photos below are from that Phase 1 drilling program. Phase 1 means that there is a Phase 2. Phase 1 was a test of the new found gold system. Another 181 holes for just under 8,000m. Results 3.3m @ 3.48 g/t Au 15m @ 1.46 g/t Au 9m @ 1.63 g/t Au Alteration observed 30{e84228ce8c9f7001611629be1db85467cf541581cf1fd5424de0612b3249e3f5} of drill holes end in +50ppb Au in relatively fresh rock with grades up to 12.87g/t At this stage, the Phase 2 results, I assume (and we all know what happens when you assume…) that the results would have been more than encouraging and there would probably be some sort of excitement that something big may be around… I think to put myself in their shoes, I would be thinking what could I do to stuff this all up….. I would be more nervous than excited… 🙂 At this point, the systematic drilling that followed, as we know now, resulted in what is a rather large gold resource. The key point I am trying to make here is that without the drilling program that the management persisted with, there would be no discovery. The initial work was in applying for the ground as vacant ground in 2014. Upon grant, the company had progressed in one year, a project with very little historical drilling to a project with a future 1M ounce resource. Breaker Resources Limited listed on the ASX in 2012 and today in 2018, they are looking at a 1M+ ounce gold project within 60km of two mills and 100km from Kalgoorlie. Now that is what I call a good job. Looking at the presentation in July 2018, the market cap of the company was around AUD$38M, I think at the time of writing the market cap was USD$41M. Figure 6 shows clearly the journey taken over the years and the highlights of each significant step taken. You would think that at this stage of the resource drilling, this share price must be pretty much ready for revaluation. I will point out that at this stage, I am not a shareholder of this company. I will say that as I write and as I do my own research, I am thinking hard about whether I should take a position or not. (Update: 10th September 2018, shares are up 5c as we publish) The overall grade may be low but if they can make money getting it out, it is still AUD1600 an ounce. We are in Australia and in this part of the Goldfields, I don’t think we will see too many issues with things such as unpronounceable bats, or bees or yellow flowers…etc. However, I do worry about the fact that the resource is at a grade of 1.6g/ t. I do keep reminding me that Millennium Minerals Limited had very low grade too and they got that to work. Although, I do wonder if all the investors ended up making money over all those years … :-). The super pit is also at the very low grade end but that is a very very big hole in the ground. In the back of my mind, I keep hearing this very important quote ” Grade is King…Grade is King…” This does worry me but at this point in time, I will say that there is still plenty of time to solve that “issue”. I don’t mean that it will get better but I think if they can pay themselves into the higher grades and chase those underground grades, it would be a good story. After all, its all about cost per vertical metre. Just like selling noodles… I learned a lot when I was with Silverlake Resources. Listening to the miner’s talk was a good education and I will not say that I know enough to run a mining project. What I learned did give me a good appreciation of what needs to be done, what is required and what is most likely to work or not. As you can see in Figure 7, the location of the project is in good company when it comes to the gold endowment. In fact, one of my favourite spots in the Kalgoorlie area is the Kurnalpi and the Mount Monger-Randalls district. Although I think the later is now pretty much taken up by the Silverlake people. ———————————————————————– This reminds me of another place that had bedrock mineralisation and was given up because the directors of the company did not follow through (lack of funds). Now if given a second go with some money for drilling, I am sure they would give it a good go with some drilling. However, that seem unlikely so hopefully one day, someone will find their glory there and make history. ———————————————————————– One of the interesting fact that I like cautiously, is the length of the strike. Like a rather smart person who used to work with WMC once said, think of an upside-down lightning. Mineralisation flow to point of least resistance. Although a large strike is good, I do sometimes think that if it was smaller, then the mineralisation may be more concentrated and not so spread out. Of course, you could also say that if you had a big lightning, then you could have a very concentrated large strike. I agree with that statement also, however, 1M ounces in one spot is a lot easier and cheaper to mine than a large area… 🙂 Another potential issue could be with the fact that 58{e84228ce8c9f7001611629be1db85467cf541581cf1fd5424de0612b3249e3f5} of the resource in the Indicated range. This will mean more drilling and how long that takes will be interesting. There is definitely a bear in the gold price and how long that bear hangs around may affect the journey. Mind you with the strengthening of the USD, this could help the gold price. However, if this bear takes the gold price near to that USD$1,000 mark like back in 2014, it would certainly make things interesting when they have to raise money. Market sentiment seems to follow the USD pricing. Silly as it may seem, but the market seems to do that historically. I know I have mentioned this already but this low-grade thing is important in a bear market. I understand that these days anything above 1g/t is considered good. Some will point out that there is the large proportion that is of a higher grade, but I only see the global resource grade. However, I do want to make it clear that I am not negative on the resource. I am just trying to give a balanced point of view :-). As for the Bell Porter report and all the broker reports that have come up. I treat them with the amount of salt as those that you may find in Lake Roe. It is a salt lake right ?… if not then the meaning is lost. Like those reports in 2000, I remember lots of reports telling us how much things such as One Tel would be worth….etc 🙂 That was just me doing a bitch session… 🙂 I am entitled to do that as I am the author….. 🙂 Basically, my experience is that if the margin works during mining, the rest is just administration purpose. The key is in the simple business of selling your product for a profit. If you can do that, you will be ok. The exploration upside will be the icing on a very tasty cake when the time comes to converting exploration targets into resources and reserves. I have seen several companies do that and this is what drilling will do for the health of your project. For me, this journey is all about the process of exploration and the excitement of finding it. Once that is done, the rest is pretty boring. Important but boring. Well, I hope you have read this far and I have added some value to 5 minutes of your life. Thanks for reading and I hope you will be around for the next journey. Unless stated, all information is taken from presentation and announcements from www.breakerresources.com.au 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. www.samso.com.au 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