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

Coffee with Samso Episode 35 with Keith Bowes, Executive Director, Technical, Matador Mining Limited (ASX: MZZ) It’s always good to talk to a company with a trailblazing story to tell, so I was delighted to sit down with Keith Bowes of Matador Mining to hear some details behind their pioneering high-grade gold mining in Canada. Matador was the first Australian gold developer to enter the Canadian gold market following the acquisition of its Cape Ray project in 2018. Located in the south of Newfoundland, a large island east of the Canadian mainland, the Cape Ray gold project is in the Cape Ray Shear, a geological structure that extends around 400 kms. through Newfoundland and is regarded as one of the most prospective yet under-explored regions in North America. Matador consolidated the southern portion of this geological structure, with its tenure extending across approximately 65 kms. of a potential strike. Following a review of historical drilling, as well as completion of the company’s inaugural drill programme during late 2018, a JORC resource of 1.02Moz Au at an average grade of 2.2g/t was defined at the project. This resource is contained within four areas covering a total strike of around 14kms. The majority of the source is at the Central Zone, which hosts more than 800,000oz of gold at a grade of 2.6g/t Au. This Central Zone shows excellent potential for future open pit operations as well as significant underground potential. Keith Bowes, Matador’s Executive Director, Technical, is a highly- regarded mining executive with extensive experience in metallurgy, project management and operational management. Here’s some of his points from our conversation: We pride ourselves in being a high-grade open pit operation; we’re expecting our head grades to be something in the order of two, maybe 2.2 grams per tonne I don't think we're going to find one massive pit; I think we're going to find multiple big pits Even within that area we're think we're going to find some more in there as well, so very, very highly productive from a relatively small area Canada's very similar to Australia in terms of there's a very defined process that you need to go through. So long as we go through those steps and meet all the different hurdles at each of the different steps, we don't see any issues coming up with the project Watch the interview here or see the video above. For further information about Coffee with Samso and Rooster Talks visit: samso.co.au PODCAST 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

Rooster Talk Episode 16 with Ed Turner, CEO, Kingwest Resources Limited (ASX:KWR) This episode of Rooster Talk is with Ed Turner of Kingwest Resources Limited (ASX: KWR). Ed and I made a Coffee with Samso late last year and I was immediately keen to keep updated with the progress of the project. It is good to hear that they are doing well and have been getting some great results. The recent drilling results that were published by the company are very encouraging. The results do give some more evidence that there is a potential mining scenario here in the historical Menzies Goldfields. The positive results do indicate that continued drilling is warranted and should be encouraged. Kingwest Resources Limited (ASX: KWR) Ed is a geologist with 30 years of experience throughout Europe, South America, Africa and Australia in a range of roles encompassing base, precious and speciality metals for leading mining companies. Technical strengths include exploration, underground mining, resource estimation, feasibility studies and development level work. Ed was previously engaged as the CEO and General Manager of Exploration of Geology for Galena Mining Limited where he delineated the high-grade Abra lead-silver deposit that is shaping up to be a highly profitable mine development. PODCAST 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

Coffee with Samso Episode 40 with Christian Easterday, Hot Chili Limited (ASX: HCH) Hot Chili Limited (ASX: HCH) has been one of my favourite companies on the ASX lately as they are progressing towards the realisation of their Tier-1 Copper-Gold Porphyry project in Chile. Christian Easterday is back telling us what has been happening since our last conversation. In that episode he described what Hot Chili is all about and the delights of a Porphyry story. Coffee with Samso – Episode 032 – A Giant Copper-Gold Porphyry Story In the midst of a global crisis, Christian has been able to create a path to production and the releasing of the potential of the Giant Cortadera Copper-Gold Porphyry deposit. About Hot Chili Limited Hot Chili (HCH) is an ASX-listed Australian mineral exploration company, well advanced in developing its portfolio of copper projects on the coastal range in Region III, Chile. Since listing on the ASX in 2010, the Company has successfully discovered and delineated the Productora copper deposit, established a substantial Mineral Resource and Ore Reserve, and completed a JORC 2012 Compliant Pre-feasibility study. The Company continues to assess value accretive opportunities and is very pleased to have secured an option to acquire a 100% interest in a major, privately-owned, copper-gold porphyry discovery, named Cortadera, adjoining the Company’s Productora and El Fuego copper projects, located on the Chilean coastal range. Hot Chili is partnered with Chile’s largest iron ore miner, Minera del Pacíico S.A. (CMP), who own 20% of the Productora project, and their parent Company CAP SA are also major shareholders in the Company. Hot Chili is managed by an experienced Board and supported by a dedicated consulting and advisory team. Our corporate governance processes promote responsible decision making and the highest standards of ethical behaviour and accountability. Christian Easterday Christian is a geologist with over 17 years of experience in the mineral exploration and mining industry. He holds an honours degree in geology from the University of Western Australia, a masters degree in Mineral Economics from the Curtin University of Technology and a masters degree in Business Administration from Curtin’s Graduate School of Business. Mr Easterday has held several senior positions and exploration management roles with top-tier gold companies including Placer Dome, Hill 50 Gold and Harmony Gold, specialising in structural geology, resource development and mineral economic valuation. For the past eight years, Mr Easterday has been involved in various aspects of project negotiation. This work has involved negotiations and valuations covering gold, copper, uranium, iron ore, nickel, and tantalum resource projects in Australia and overseas. Mr Easterday is a member of The Australian Institute of Geoscientists. When I read the latest announcement from the company, I saw two key aspects that tell a great progressive story. These two factors are, The relationship that is being created with the Chilean government on the mining of Productora. Amongst the news, there was the subtle mention of the upgrade in the high-grade core within Cortadera. I wanted to speak to Christian and get his views on these key points which I believe are important to the progression of the company. There is also the confidence that shareholders have shown in placing extra funding into the company in their recent capital raising. In conclusion, this is slowly becoming to emerge as an interesting company to keep on your watchlist. I hope you find it an interesting object lesson in understanding what these giant porphyry deposits can become and a great lesson in exploring and defining a copper-porphyry deposit. Watch the interview here or see the video above. For further information about Coffee with Samso and Rooster Talks visit: samso.co.au PODCAST 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

Rooster Talk Episode 28: A Margaret River Series Ed Turner, CEO, Kingwest Resources Limited redirects focus on developing the highly prospective Menzies Gold Project Recent results on the drilling are shaping the Menzies Project into a real winner for shareholders. Ed Turner shares the significance of the recent drilling and how the gold resources have doubled since they took on the project. The recent capital raising and the selling of non-core assets have really boosted the bank balance. This allows the company to take on further drilling and make the mining of the resource a reality. Watch this Rooster Talk with Ed Turner below. About Kingwest Resources Limited and its Menzies Gold Project Kingwest Resources Limited (“Kingwest”) is a mining and exploration company focused primarily on gold exploration in the Eastern Gold Fields Region of Western Australia. It will aggressively explore for and extract gold in a mix of advanced, intermediate, and greenfield projects within this highly prospective district. With a new team on board and new projects, Kingwest is redirecting its focus on developing the highly prospective Menzies Gold Project. The Menzies Gold Project contains some of the highest-grade historic production in the Eastern Goldfields with the five underground mines producing between 16g/t and 32g/t Au over their respective life of mine for a total of 650,000 oz @ 22.5g/t. The last underground mining ceased in 1943 and there has been limited drilling beneath the historic workings since then. Open Pit mining during the 1990s before the collapse of the gold price in 1999 also produced 145,000 oz at a high-grade average of 2.6g/t Au. A relatively shallow resource comprising 2.42Mt at 2.2g/t Au for 171,300 oz (using 1g/t cut off) has been estimated in recent years however the best future economic potential is in targeting the high-grade mineralisation that remains open at depth beneath every deposit. Ed has been a constant participant on Coffee with Samso and Rooster Talk and I felt that it is a good time to get some updates on Kingwest. Recent results on the drilling are shaping the Menzies Project into a real winner for shareholders. Listen to the podcast below as Ed shares the significance of the recent drilling and how the gold resources have doubled since they took on the project. The recent capital raising and the selling of non-core assets have really boosted the bank balance allowing the company to take on further drilling and making mining of the resource a reality. Podcast About Ed Turner BSc (Hons), MAusIMM Ed is a geologist with 30 years of experience throughout Europe, South America, Africa and Australia in a range of roles encompassing base, precious and speciality metals for leading mining companies. Technical strengths include exploration, underground mining, resource estimation, feasibility studies and development level work. Ed was previously engaged as the CEO and General Manager of Exploration of Geology for Galena Mining Limited where he delineated the high-grade Abra lead-silver deposit that is shaping up to be a highly profitable mine development. Tune in for more Menzies Goldfields updates The recent M&A activity within the Eastern Goldfield gold producers is proof that if you cannot find more resources, you just buy them. Really, play video below to find out more. Ed Turner from Kingwest Resources Limited (ASX: KWR), returns to talk about the progress of the company at the Menzies Gold Mining District. Kingwest's recent drilling has increased the gold resources and confirmed extensions to the existing orebodies raising capital of AUD3.5M. COVID-19 has not affected Kingwest's fieldwork and Ed announced high grade of gold deposits. 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 this Rooster Talk 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 Samso. About Samso

Rooster Talk Episode 31: A Margaret River Series August 2020 Gold in Canada Canadian geology is one of the most endowed places in the world. It is the "harsh" environment that is making discoveries fewer. I like the North American geology and the potential of finding those double-digit million-ounce deposits which are common in that part of the world. This Rooster Talk with Rob Longley, the Managing Director of Ardiden Limited (ASX: ADV) is about the progress of the company's Pickel Lake Gold Deposit. When discoveries happen, they seem to be big and sustained. What Ardiden has is one of the many "belts" that require systematic drilling and lots of patience. Rob explains the challenges and the potential of being patient and allowing the capital to be deployed to uncover what may become a great gold deposit. About Ardiden Limited Ardiden Limited (ASX: ADV) is an ASX-listed exploration company focused on building a compelling gold resource at its 100%-owned Pickle Lake Gold Project in one of Canada’s most prolific gold mining districts in Northwest Ontario, Canada. The project consists of over 664km2 of highly prospective landholding across three Deposits, Kasagiminnis (Kas), Dorothy and Dobie Gold Deposit. Ardiden has a maiden Inferred 110,000oz high-grade gold resource (790,000t @ 4.3g/t Au) at the Kasagiminnis Gold Deposit and in May 2020 defined an exploration target of 500,000oz to 1.2Moz @ 3.9 – 6.6g/t Au. The Deposit represents only a small section (600m) of a continuous 120km strike length at the flagship Pickle Lake Gold Project. During 2020, Ardiden aims to build on this Resource at Kasagiminnis with definition drilling as well as applying modern exploration techniques to unlock value at its highly prospective numerous prospects, identified in June 2020 through the interpretation of various geological and geophysical data sets. The initial exploration of these targets has been very encouraging. Ontario is a tier-one mining jurisdiction and produced 2.5Moz gold in 2018, nearly half of Canada’s total annual gold production. The Province hosts 18 active gold mining projects. Ardiden also has 100% ownership of the Seymour Lake Lithium Project in Ontario, where it is seeking a partner or alliance to draw value from the project, as well as other lithium interests in Ontario including the Root Lake and Wisa Lake Lithium Projects. PODCAST About Rob Longley Managing Director and Chief Executive Officer Geologist with extensive experience in global resources across gold, nickel, cobalt, lithium and iron ore sectors. His experience includes Managing Director of Helios Gold Limited and before that was General Manager Geology for Sundance Resources in Africa from 2007 to 2015. Rob has an impressive track record of successfully managing and executing exploration programs in difficult and remote locations and delivering progressive results and Mineral Resources to bring shareholder value and underpin the development of mineral projects. Rob is well-respected in the industry for his professional integrity, his resource growth achievements and commercial leadership. 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 this Rooster Talk 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 Samso. About Samso

Coffee with Samso Episode 13 with Ed Mead, Artemis Resources Limited (ASX:ARV) This episode of Coffee with Samso is all about the “Paterson Goldfields”. A wealth of potential gold and copper deposits could be found in what I feel is a very underexplored province. This mineral belt is about to open up. Ed Mead gives us an update on the latest Share Purchase Plan (SPP) and speaks about the potential of the other projects they have in their portfolio. We discussed the new seismic information made available by Geoscience Australia and the Geological Department of Western Australia. We speak about the positive change in investor sentiment flowing into the exploration industry. PODCAST 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

Coffee with Samso Episode 11 with Christian Price, CEO, Resource and Energy Group Limited (ASX: REZ) In this episode of Coffee with Samso, Christian Price, the CEO of Resource and Energy Group Limited (ASX: REZ), talks about exploration in an area that has high-grade historical results. Christian tells us about the good historical drill intercepts from the Menzies Goldfields and the high-grade Radio Mine. In addition, Samso and Christian talk about the potential and the market sentiment for projects at the greenfield level. PODCAST 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

Coffee with Samso Episode 29 with Ed Turner, CEO, Kingwest Resources Limited (ASX: KWR) High-grade gold mining is relatively uncommon in today’s era of “raging” gold prices, but it’s an interesting aspect of the gold mining industry that merits closer examination. In this respect, Kingwest Resources Limited (ASX: KWR) is in an enviable position, with its portfolio of projects in a highly-respected region of historical high-grade mining that has perceived potential of more resources waiting to be found. When KWR listed late last year I looked into their projects and realised I’d forgotten about the flurry of work in Menzies back in the 1980s and 1990s. Not much was discovered then, but I remember a swag of companies working in the Menzies area. So, I wanted to talk to KWR’s Chief Executive Officer Ed Turner for an update on KWR’s drilling programme in Menzies. Key points made by Ed in our conversation include: Following last year’s successful drilling a further AUS$3.5 million has been raised to fund a bigger drilling programme this year Recently-acquired archival data shows exciting prospects in historic workings Savvy investors are looking for good high-grade gold companies to invest in With the state of the gold price it’s time to advance projects and get them into production PODCAST 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

Coffee with Samso Episode 34 with Rick Rule, CEO, Senior Managing Director, Sprott Inc.; President & CEO, Sprott U.S. Holdings This was a highly-anticipated session - I was eager to sit down with renowned industry commentator Rick Rule to sound him out on gold, equities and gold exploration. Unfortunately, circumstances meant we couldn’t meet, but I’m very grateful to Rick for allowing us to talk over Zoom. I was interested to know his views on Australian gold exploration projects and what part small-cap companies play in Sprott Management Investment strategies. Rick has dedicated his long and focused career to many aspects of natural resources securities investing and leads a highly-skilled team of earth science and finance professionals with a worldwide reputation for resources investment management. Sprott U.S. Holdings Inc. is a holding company made up of three separate and distinct companies: Sprott Global Resource Investment; Sprott Asset Management USA Inc.; and Resource Capital Investment Corporation, that make up the U.S. Subsidiaries of Sprott Inc. They’re active in securities brokerage, segregated account money management and investment partnership management involving both equity and debt instruments, across the entire spectrum of the natural resources industry, with expertise in sectors including agriculture, alternative energy, forestry, oil and gas, mining and water. Rick is a frequent speaker at industry conferences; often interviewed for radio, television, print and online media outlets concerning natural resources investment and industry topics; and frequently quoted by prominent natural resources-oriented newsletters and advisories. He’s also particularly active in private placement markets, having originated and participated in hundreds of debt and equity transactions with private, pre-public and public companies. Rick’s insights included: We absolutely love green fields projects, it’s really a question of who the people are My experience has been that small mines have all the risks of big mines, but small mines could never make you big money What I like about uranium is that it’s still essential and has to go up if there’s going to be electricity in the developed world Making money in renewable energy involves a very cynical sense of public perception Watch the interview here or see the video above. PODCAST 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