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- The Next Gold Miner in the Pilbara Goldfields - Calidus Resources Limited (ASX: CAI)
Coffee with Samso Episode 43 with David Reeves, Managing Director of Calidus Resources Limited (ASX: CAI) 2020 is the best year ever for mineral resource companies The year 2020 is turning out to be the best year for mineral resource companies, especially here on the Australian Stock Exchange (ASX). Everything is running and to those uninitiated in this cut-throat sector, I strongly recommend a strong dose of DYOR (do your own research). I have seen many projects in my geological life and it is these times that companies that have strong fundamentals need to be noticed. Why CAI is undervalued Calidus Resources Limited (ASX: CAI) in my opinion deserves some attention. I have liked this story as they have been on the edge of making that leap into production for a while now. The recent gold price movement upwards has given the company all the positive reasons to take the leap of faith and move into the production cycle. In this episode of Coffee with Samso, David Reeves shares with us the progress on the Warrawoona Gold Project. We talked about why CAI is undervalued and the re-rating of the stock value in the coming months. The inevitable first gold pour will stamp this company as a fundamental story for eager investors. We welcome comments Please let us know your thoughts and send us any comment 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. PODCAST About Calidus Resources Limited (ASX: CAI) Calidus Resources Limited is an ASX listed gold exploration and development company which controls the 1.25 million ounce Warrawoona Gold Project located in the East Pilbara district of the Pilbara Goldfield in Western Australia. The Directors believe that the recent consolidation of this goldfield will transform the Company into a new Australian gold development company with significant potential to unlock further resources and new discoveries within the emerging gold belt of the Pilbara Goldfields district, which is a historically proven gold mining region. About David Reeves David Reeves is a Perth-based, qualified mining engineer with 30 years of experience in the mining industry, he is currently a director of Keras Resources Plc (AIM). Mr. Reeves has extensive experience in international capital markets through his involvement with various listed London and Australian companies. Mr. Reeves has a first-class WA Mine Managers ticket and a Graduate Diploma in Finance and Investment. He was managing director of Keras Resources Plc when Keras consolidated the Calidus project area and has over 20 years of experience in gold and precious metal development. 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 Coffee With Samso 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
- Mount Ridley Mines Limited (ASX:MRD) - A Rare Earth Story.
Coffee with Samso Episode 150 with Guy Le Page, Non-Executive Director of Mount Ridley Mines Limited (ASX: MRD) is all about the REE story. One of the best kinds of exploration stories are those that have substance and have a reasonable potential for it to come true. The Mount Ridley REE project is something that stands out from the crowd. As an observer of the recent REE announcements coming out of the woodwork, I am learning bits and pieces. My understanding of the REE industry has been largely from my Coffee with Samso with Northern Minerals Limited (ASX: NTU). The appearance of REE in Ionic Clays have made a splurge in recent times. I don't have much understanding of it and this was a great opportunity to talk to someone in this recent trend. It was refreshing to be able to talk to industry and learn whether REEs are REEs or not. In this episode of Coffee with Samso, Guy shares with us the history and the contents of the MRD REE story. It was enlightening to hear from Guy that the REE deposit is not Ionic Clays and that they actually don't know much about the project. The company is in a learning phase and the upcoming drilling will drive a clearer picture on the whole project in the next twelve months. What I like about this project is that it is 35km from a port, have a highway, railway and a gas pipeline adjacent to the project. This is critical (in any project) as the company continues to work on the technical aspects. I encourage viewers to look at this story as an early exploration project or an early development mineral project. Chapters: 00:00 Start 00:20 Introduction 01:52 Guy Introduction. 02:32 How did MRD come up with the project? 03:40 What elements of the REE does MRD have? 04:42 What does TREO mean? 05:56 What do we read in TREO? 07:11 The large Footprint for MRD. 07:50 Can investors assume the consistency of REE mineralisation? 09:11 Is this an alluvial process? 10:34 Can the project be host to other metals? 11:41 The REE market. 12:47 Could REE have ESG compliant issues which will lead to supply issues? 14:11 The geopolitical changes are driving the REE demand. 14:44 Co-Funding collaborations in Critical Metals. 15:35 News Flow for MRD. 16:41 Does MRD have environmental issues? 17:40 Why look at MRD? 18:49 The upside of MRD. 19:45 Conclusions PODCAST About Guy Le Page Non-Executive Director B.A., BSc (Hons), MBA, MAusIMM, FFIN Mr Le Page is currently a Director & Corporate Adviser of RM Corporate Finance specialising in resources. He is actively involved in a range of corporate initiatives from mergers and acquisitions, initial public offerings to valuations, consulting and corporate advisory roles. Mr Le Page was Head of Research at Morgan Stockbroking Limited (Perth) prior to joining Tolhurst Noall as a Corporate Advisor in July of 1998. As Head of Research, Mr Le Page was responsible for the supervision of all Industrial and Resources Research. As a Resources Analyst, Mr Le Page published detailed research on various mineral exploration and mining companies listed on the Australian Securities Exchange. The majority of this research involved valuations of both exploration and production assets. Prior to entering the stockbroking industry, he spent 10 years as an exploration and mining geologist in Australia, Canada and the United States. His experience spans gold and base metal exploration and mining geology, and he has acted as a consultant to private and public companies. This professional experience included the production of both technical and valuation reports for resource companies. Mr Le Page holds a Bachelor of Arts, a Bachelor of Science and a Masters’ Degree in Business Administration from the University of Adelaide, a Bachelor of Applied Science (Hons) from the Curtin University of Technology and a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. About Mount Ridley Mines Limited (ASX:MRD) Mount Ridley Mines Limited is undertaking the exploration of a significant deposit of valuable clay-hosted rare earth elements in Western Australia. The Project was initially acquired for its nickel and copper sulphides potential and is now recognised as being prospective for ionic clay REE deposits. Currently, this style of deposit is mined and processed only in China and Myanmar. In November 2020 Mount Ridley Mines Limited (“MRD”) commenced a review of data for its namesake Mount Ridley Project and surrounding area. The review concluded that areas of the Biranup and Nornalup geological provinces in south-eastern Western Australia have the potential for REE mineralisation, and in particular, the style of mineralisation referred to as Ionic Adsorption Clay (IAC-REE). Globally, deposits of IAC-REE are most significant in southern China and are the world’s main source of heavy Rare Earth Elements. The Project REE mineralisation occurs as large, horizontal, near surface, sheet-like lenses up to a depth of 89 metres. REE mineralisation is interpreted to be present within the in-situ saprolite clay horizon. Patchy lower grade zones occur within transported cover which may vector towards stronger REE mineralisation deeper within the regolith. Geological Survey of Western Australia (DMIRS) mapping[1] shows that the Mount Ridley Project REE mineralisation occurs within the weathered mantle (regolith) of the Recherche Super-suite, which is described as “granitic and mafic gneiss; may include intrusions of Esperance Super-suite”. While the source of the REE mineralisation is currently unknown, a detailed sample and litho-geochemistry dataset from bottom of hole aircore samples has been established which includes whole-rock chemical analyses, sample pulps and some end-of-hole air core samples. These samples and data are being studied by the Company’s consultant geochemist to identify the primary rock-type and whether units are REE-enriched. Re-assay of 950 air core samples (162 pending) returned significant REE values over an apparent strike in excess of 25 km with over 20 samples returning >1,000 ppm Mineralisation remains open in all directions with a peak value so far at the Keith’s Prospect from MRAC0711 with 10,461ppm (1.05%) from 23m downhole. Significant REE intersections have been identified and grouped into 5 prospects – Winston’s, Keith’s, The Lake, Tyrell’s and Marcellus. Planning underway for a 25,000m aircore program to test newly acquired tenements in addition to step-out and infill holes. [1] (DMIRS) Department of Mines, Industry Regulation and Safety 1:100,000 Interpreted Bedrock Geology Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Tempest Minerals Limited (ASX:TEM) - New Findings for Meleya.
Coffee with Samso 149 is with Don Smith, Managing Director of Tempest Minerals Limited (ASX:TEM) and it is all about the new findings for the Meleya project. Mineral Exploration is all about patience. Tempest has a very interesting project in Meleya. In my opinion, the discovery is a proof of concept. The geology looks fertile, the structure is observed in the core and the geology is consistent with mineralisation. What I like about the whole concept is that the desktop observation now has two drill holes. The assays may not have been mind boggling but when has mineral exploration been one that hits the mark on the very first go? Investors need to remember that this is a grassroots project. This is why they got the funding from the government. I feel the injustice is that the market in all its buoyancy has created expectations that are hard to meet. The market is looking for big numbers but what the market has missed is that the geology has shown that their interpretation was spot on. What the market sees as a negative is, in fact, a big positive. This is the classic case of missing the King in the peasant clothing and admiring the nobleman in the golden robe. As an exploration geologist, our goals are never aligned with the aspirations of the share price. When I saw the core in the core shed, what I saw was alteration and lots of geology that could host mineralisation. In this episode of Coffee with Samso, we hear the frustration of a Managing Director and that of a geologist. That is also coupled with the optimism that they have now proven their concept and that the mineralising fluids do exist. Chapters: 00:00 Start 00:20 Introduction 00:50 Don updates. 01:31 Mineral Exploration is a long game. 02:02 Visual Estimate mandate. 02:22 The Meleya Story - Lessons learnt. 04:10 Molybdenum and the potential of Meleya. 06:26 What is Tempest thinking about now? 08:30 Have the current lessons helped the regional exploration strategy? 09:21 How can investors consume current exploration strategy? 11:19 Exploration is about search and discovery. 11:44 Other projects. 13:02 How has the market been treating Tempest? 14:12 Placement was done with good timing. 14:27 News Flow. 14:56 Exploration is status quo. Why TEM? 16:06 Last words from Don. 16:19 Conclusion 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. 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
- Artemis Resources and the Paterson Goldfields
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
- Greenfield exploration in a forgotten Menzies High-Grade Goldfield
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
- High-Grade Gold in Menzies, Australia
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
- Gold, Equities, Sprott Management and Australian Gold Exploration - Rick Rule
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
- A Giant Copper - Gold Porphyry Story, Chile
Coffee with Samso Episode 32 with Christian Easterday, Managing Director of Hot Chili Limited (ASX: HCH) The land of giant porphyry deposits is one that is hard to visualise when you have not worked in that particular style of geology. Most Australian geologist will never work in that environment. However, I will not be surprised to be challenged for stating that as I have only worked in two states of Australia. Porphyry Copper-Gold deposits are frequently found in the Andes of South America, especially in Chile. Christian Easterday, the Managing Director of Hot Chili Limited (ASX: HCH), has been working in that area for over ten years and this is why the company potentially has one of the largest porphyry deposits discovered in recent times. A classic David and Goliath story of a small-cap company, on the Australian Stock Exchange (ASX) with a market capitalisation of AUD$40M, with a project that respectfully should be developed by a Tier 1 company with a market capitalisation of billions. The discovery last year of a massive intercept of 622m of 0.6% copper and 0.2g/t gold is testament to what this project should become in future. The repetition of such great mineralisation drill results supports the excitement that Christian portrays in the conversation that lasted for over 48 minutes. Watch how Christian dissects the journey of the company and what is in store for a more significant story. 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
- Bullish Outlook for Nickel Sulfide in the Year of the Ox: 2021 - Galileo Mining Limited (ASX: GAL)
Coffee with Samso Episode 58 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) The process of Exploration is slowly eliminating all the possibilities, and the year of the Mighty Metal Ox in 2021 is set to bring on its strong back a steady, confident outlook. Galileo Mining Limited (ASX: GAL) is slowly creating a make or break situation for itself with the Albany Fraser nickel sulfide project. Blessed with one of the best portfolio of projects in the Fraser Range in Western Australia, Galileo has been bulldozing tirelessly over the last twelve months. One of the key messages that Brad tells us is that Galileo is all about nickel exploration and they take the bull by the horns and drill for it! Not unlike the hardworking, strong and tireless animal, the company is single-minded in its dedication to exploration: They have worked in the Fraser Range for over 10 years now and with this rock solid experience, they know what will work to make a discovery. They are doing four to five drilling programs per year. Since the company has listed, they have already completed 13 drilling programs. That is no mean feat for a company. Brad gives us a good understanding of what the company has done in the last twelve months before outlining the exploration strategies in 2021. Drilling out Lantern East. Continuing the exploration in Lantern South. Initiating the Norseman project. Rising nickel price. Future demand for Nickel Sulfide. EM surveys to identify new targets. Watch the interview: Coffee with Samso Episode 58 I have always liked this company as they take the bull by the horns and go straight for what matters - they are dedicated to exploration, pure and simple. There is no corporate juggernaut, there is no pretence of being anything but a company that raises money and devotes it entirely to exploration. That makes them a reliable and trustworthy entity. The team at Galileo is ultimately a group of technical people who have worked closely with Mark Creasy over the last 10 years and are now in a public company. The projects are prospective as they have been nurtured over the last 10 years. The share price may have taken a roller coaster ride over the last nine months but the prospectivity of the tenements remains at the same level. It is this level of prospectivity that maintains my optimism of the company and the chances of discovery. With the new year, we are all looking for more stability and this is one company I feel a stronger sense of security with. PODCAST 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 It has been nearly two months since I last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process is easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. About Brad Underwood Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years’ 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. Watch the last Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the last Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow If you find this article informative and useful, please help me share the information. I try 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.
- 3D Medical Imaging - Taking Health Care to the next Dimension: Singular Health Group Ltd (ASX: SHG)
Coffee with Samso Episode 59 with Thomas Hanly, Managing Director of Singular Health Group Limited (ASX: SHG) Medical Imaging is the process of allowing users to visualise their digital scans to better understand their prognosis. Singular Health Group Limited (ASX: SHG) allows users a better way to understand what was once only privy to the privileged intellect. What intrigued me about Singular Health is the nature in which this technology is allowing users to ¨walk¨ into their body. Understanding one´s medical prognosis used to be frustratingly complicated. Now with the help of Virtual Reality (VR), things are changing. The use of VR is by no means new as it has been widely used in gaming and several educational processes such as simulators for aviators, construction and building and the mining environment. Thomas Hanly shares with us his thoughts on the industry as the company prepares itself to complete the fund raising for the IPO which is currently open. I like the medical field as it is a sector that is inelastic. Like the childcare and aged care industry, there is an unlimited demand and requirement. The competition is intense but the playing field is spacious. I like the fact that they are focussing on the ASEAN sector instead of chasing the US market. To me, this is a good strategy as there is an unlimited uptake in private healthcare due to a lack of government assistance in this region. ASEAN are early takers of technology and the population is hungry for growth. There is a demonstration of the use of the product by Dr Alex Simonin who is a Neurosurgeon at Sir Charles Gairdner Hospital in Perth, Western Australia. As a new IPO, I think that this business has great opportunities. Like all new technology, there is some risk of non-performance but I guess that is the case for any business. The stigma of a typical cash-burn technology play is probably what comes first to mind but I think Thomas has addressed that in our Coffee with Samso. PODCAST About Singular Health Group Limited (ASX: SHG) Singular Health develops better health literacy with the ability to access, understand and use information to make decisions, and take action about health and healthcare. With the help of its core proprietary technology, the Volumetric Rendering Platform (VRP), 2D medical imagery can be converted into volumetric 3D models which can be visualised, manipulated, modified and reviewed using a standard monitor or by utilising virtual reality. As an example, the VRP can convert a standard 2D axial view of a thorax into a 3D volume rendered thorax that can be viewed and manipulated in virtual reality. The images in Figure 3 below highlight how 2D images can be stacked to provide depth and can therefore be viewed in 3D. The core value proposition of the VRP is that it: (i) allows for the real-time conversion of medical imaging data (allowing end-users to volume render 2D data, typically within 120 seconds from the time the imaging file is available); (ii) possesses in-situ processing capabilities and does not rely upon any internet connectivity and/or external code libraries or processing to convert images from 2D to 3D, which acts to both protect patient confidentiality and enable off-line usage of the technology in remote and rural locations; (iii) assists in the integration of Singular Health’s technology into the medical and education markets and workflows, any alterations, measurements, screenshots or videos (derivatives of the main scan) are saved in industry standard file formats (.obj, .stl, .json, .jpeg, .mp4). This not only makes derivative information much more transferable and viewable on traditional 2D DICOM viewers but also permits the usage of files in third party computer-aided design packages and media viewers whilst still preserving the proprietary nature of the rapid volumetric rendering; (iv) allows end-users to experience a fully-immersive viewing experience with 360° viewing and in some instances the inclusion of a 4th dimension, which is the time taken to perform a virtual surgical action and/or review 4D scans (such as functional MRIs); (v) is designed to operate using the graphics processing capabilities of high-end yet retail grade hardware, including Alienware laptops, thin-client desktops and Oculus Rift S virtual reality headsets. The combined cost of the hardware is approximately $5,000 resulting in a low capital expenditure by end-users; and (vi) can be integrated with picture archiving and communications systems within hospital and clinical environments to provide easy, industry-standard access to the medical imagery used as inputs for the software. The Directors believe that the VRP provides multiple opportunities for growth through the development of surgical visualisation and planning products, patient education products and geological and resources focused products. About Thomas Hanly Holding a Bachelor’s degree in resource and environmental economics, Thomas’ early career saw him work as an economic analyst for AgricultureNZ before moving to the United States where he obtained his Series 7 and was employed in private banking with Merrill Lynch. With a strong understanding of capital markets and an interest in technology, he was heavily involved in the early 2000s driving the development and commercialisation of a financial services start-up in the United States before returning to Australia. Prior to joining Singular Health, Thomas held a number of board positions of privately held companies in Australia and Singapore and acted as an independent consultant assisting with the funding and commercialisation of innovative technologies. Recently, Thomas provided strategic technology transfer advice for the development of new acid leach membrane technology from Monash University and helped to develop carbon tax offset strategies with Calibre Group in Perth. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow If you find this article informative and useful, please help me share the information. I try 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.
- Compliance Makes Money: Complii Fintech Solutions Limited (ASX:CF1)
Coffee with Samso Episode 61 with Craig Mason, Executive Chairman of Complii Fintech Solutions Limited. In a complex world of the share market, simplicity and speed will create cost savings and allow transactions to be more free-flowing. Complii Fintech Solutions Limited (ASX: CF1) is a Compliance and Operational Efficiency business that was listed on the Australian Stock Exchange (ASX) last year. The business in stockbroking has changed dramatically over the last 30 years with even more significant changes over the last ten years. As Australian Securities and Investments Commissions (ASIC) and the ASX step up their regulatory requirements, the financial industry continues to evolve dramatically. Most industry participants will agree that we can expect more changes ahead of us. For the financial industry, the need to be compliant and to protect all participants has become mandatory. Broking firms need to protect themselves and also their clients, hence the use of technology such as Complii will become mandatory. As Craig Mason explains, the technology was written for the ASX and is complete. There are no stages to go through. The company is beyond proof of concept, in fact, they are even having paying clients. Craig puts forth a very compelling statement: This business is a mandatory exercise for the broking industry. The technology not only makes work more efficient, it protects all participants from the industry. PODCAST About Complii Fintech Solutions Limited Many stockbrokers have been forced to use substandard software or adapt manual paper procedures that have made it difficult to deal with the changes in legislation brought about by CLERP (“Corporate Law Economic Reform”) in early 2000 and also the recent FOFA requirements. Many firms are still using these manual processes and old systems that align with "industry standard" and are unfortunately having to pay out hundreds and thousands of dollars in client settlements. To provide support for these changes and an organised paperless compliance process, the Complii Automation Innovation Software was born in 2007. The system started as a simple SOA (“Statement of Advice”) generator and client profile tracker but has now morphed into a full compliance and corporate system for brokers or anyone dealing in Securities. Operating in many stockbroking firms and AFSLs, for over 8 years now the system has seen numerous ASIC audits and external audits, all with positive results. Complii originated in Perth, and was built with logic conveyed by advisors, management and compliance personnel. Complii continues to grow, and can be seen in organisations on both the West and East Coast of Australia. This customisable software has been designed to automate, record and report on an AFS Licensee’s compliance obligations. About Craig Mason Craig is the Executive Chairman of Complii FinTech solutions Ltd. Craig has over 29 years’ experience in the finance industry in various capacities and has worked closely with ASX, ASIC and recently APRA to help shape the industry, more specifically in the areas of custody, third party trade execution and clearing associated services. Craig has previously been an active director of the Stockbrokers and Financial Advisers Association (SAFAA) and also sat on the SAFAA Retail Broker Advisory Committee. Craig is the former Country Head of BNY Mellon Australia and Non Exec Chairman Pershing Securities Australia Pty Ltd, a BNY Mellon company, where he was responsible for the overall management of the Company. Mr. Mason’s role included the implementation of strategic goals and objectives, providing direction and leadership towards the achievement of BNY Mellon/Pershing’s philosophy and mission, overseeing company operations to ensure efficient management of resources, and ensuring governance functions were fulfilled. Since establishing the first true Third Party Clearing business in Australia in 2000 (Berndale Securities which was a wholly owned subsidiary of Merrill – Bank Of America) and a subsequent trade execution and clearing services business for UBS in 2005, he has continued to work with the industry and its stakeholders to further enhance the important mid-tier and boutique broking segment with particular focus on the Retail/Wealth Management segment. In 2009 Craig founded Penson Financial Services Australia as an independent provider of third-party trade execution, clearing, international market access, custody and nominee services to the small and mid-tier broking participants and AFSL holders, one of the fastest growing segments of the Australian market. The business model was specifically targeted at allowing Participants and AFSL holders to compete with the top end of town on service, capital efficiency and compliance while providing a real alternative to the significant cost pressures that were emerging around Capital, Compliance and Risk management as a result of the GFC and changed market conditions. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow If you find this article informative and useful, please help me share the information. I try 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.
- The Realisation of Value: Venture Minerals Limited (ASX:VMS)
Coffee with Samso Episode 62 is with Andrew Radonjic, Managing Director - Venture Minerals Limited (ASX: VMS) 2021 is going to be very good for VMS. The first time I looked at Venture Minerals, I was immediately drawn to the Golden Grove North deposit and that was when we had our first Coffee with Samso - A Targeted Diversified Mineral Explorer - Venture Minerals Limited (ASX: VMS) which was published on 26th October 2020. Since that very first Coffee with Samso, I have come to believe that this company is way under-valued. I was not really a fan of the Riley project as there was never much volume but with the price rising to USD170/T this is now a play. If they get this to be shipped, and they will, this will bring in some serious money into their bank. You cannot ignore this anymore. Funding has been more focused on these kinds of projects lately and you simply go with the flow. The fact that they raised AUD10M with such ease tells me that the market likes Riley and that also says a lot about what it will mean for the company. As for Kulin and Golden Grove North, these are the blue skies that would propel Venture Minerals into the share price stratosphere. The upside on positive exploration results will be a big boost to the company. When the company mentioned that they did trenching at Kulin, I thought they were doing that because they had no idea what was going on with the geology of the project. Now, one may think this is a bad thing but when you realise that they are actually seeing good gold results at a place where previously there had been no historical work, that makes it a really special place. In this episode, we talked about all these aspects and it will become clearer to viewers that Venture may indeed be on its way to realising a lot of value in 2021. Today, Andrew Radonjic shares with us: The completion of the AUD10M raising. Why the recent exploration results at Kulin has put this project as a priority. The recent iron ore price rise has allowed the company to become self-sufficient. The prospectivity of the Golden Grove project. What the discovery of Julimar has meant for the immediate area. How recent discoveries within the Julimar region has sparked a land grad in the region. This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). PODCAST About Andrew Radonjic Mr. Radonjic is a geologist and mineral economist with over 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia. Mr. Radonjic began his career at the Agnew Nickel Mine before spending over 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie. He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of over 1 million ounces. About Venture Minerals Limited Venture Minerals Limited is currently exploring in Western Australia for Copper-Lead-Zinc at the Thor Prospect, Nickel-Cobalt at the Pingaring Project (adjacent and along strike to the Quicksilver Nickel-Cobalt discovery), Nickel-Copper (new target) at the Odin Prospect and Nickel-Copper-Cobalt at the Caesar Project. Recently the maiden drilling program at Thor intersected massive sulfides confirming the Copper-Lead-Zinc target is a 20 a kilometre VMS style system. Thor is now a top priority target for Venture moving forward. The Company's initial focus was on realising the full economic potential of the Mount Lindsay Tin-Tungsten Deposit in North-West Tasmania. The Company has already defined one of the world's largest undeveloped tin deposits and has completed a Feasibility Study on Mount Lindsay. The emergence of tin as the metal most impacted by new technology through its use in Electric Vehicles has refocused Venture’s approach to developing this asset and an underground scoping study is currently underway. 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. 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.











