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  • Galileo Mining Limited (ASX: GAL) - Early discovery of Sulphides at Norseman Project

    Rooster Talk Episode 51 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) is all about the discovery of sulphides at the Norseman project. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL). The results are consistent with our expectations. We just did not think we were going to hit it with air-core drilling. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL), shares with us the technical merits of the sulphides in today's Rooster Talk. The presence of the sulphides is important as this is indicating some for of mineralisation. Short of calling a discovery, the presence of these sulphides is going to add a lot of spice to the story at Norseman. Watch the interview: Rooster Talk Episode 51 Chapters: 00:00 Start 00:20 Introduction 59:01 Brad Updates. 02:10 Was the sulphides a geophysical target?. 03:02 Drilling still happening in same project. 03:17 Timing of results. 03:58 What does these results mean for the company? 05:49 What else is happening for Galileo. 06:54 The exploration ahead in 2022. 07:42 What's the different approach when looking at Norseman. 08:55 What are the historical nickel activities in the Norseman area. 09:48 Last Words from Brad. 10:15 Conclusion 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 About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium 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

  • Andromeda Metals Limited (ASX:ADN) - The Real Story.

    James E Marsh clears the air about Andromeda Metals Limited (ASX:ADN) over Coffee with Samso Episode 124 Over the past two years, the Andromeda Metals story has taken many twists and turns. Today, there is a lot of misconception, misunderstanding and a lack of understanding of what the company really does. Let's clear the air. When I first spoke to Andromeda Metals Limited (ASX: ADN) in late 2019, the company felt like it had such a simple business. A simple business that was going to make a lot of money. After talking with James Marsh and learning more about the business, I was convinced that this was better than an AUD$0.04 stock. Andromeda Metals did not prove me wrong. In fact, the shares went to a high of AUD$0.45, putting their market capitalisation at over AUD$1B. I was an early shareholder and left the register many times before the AUD$1B valuation. I have to admit that the story of the business was changing at a pace that I did not keep up with. This is nothing new in a developing company, but talking to associates and existing shareholders, I realised that there is a lot of misunderstanding. Harking back to our very first conversation in 2019 - Coffee with Samso - Ep 27 - The myth and facts about the Halloysite and Kaolinite Industry - ADN - there was the question of what exactly is the company mining? Back then, I was hearing from people that Andromeda was mining Halloysite and not Kaolinite...etc The result after our chat on Coffee with Samso was that we got some clarity to the issues. In today's episode, James shares with us insights that I feel are good in helping to address some of the comments that have been flying around in the marketplace. The people I had spoken to about the ins and outs of Andromeda have been telling me that they don't really know and understand what is happening. Hopefully, in today's episode of Coffee With Samso, we gain some clarity on some of the uncertain narratives that in the community. Chapters 00:00 Start 00:20 Introduction 01:57 The Minatour -Andromeda Metals Merger. 04:42 What is the Nanotube Business? 08:31 How realistic is this Carbon Capture Idea? 10:47 Is the Carbon Capture a Practical Reality? 12:46 How is the mine going? 17:58 What are the thoughts about a shift in demand of "unknown" metals? 21:56 How we investors see Andromeda now and in future? 25:47 What drives the Concrete business requirement? 26:20 Not all halloysite are the same. 28:59 How does Andromeda be seen as? 31:02 The ISR Story? 34:20 The Potential of being a Copper Producer. 36:25 The up and downs of Andromeda share price. 40:03 James thoughts on Andromeda as an Investment. 41:26 Concluding comments 42:22 James Last Words PODCAST Andromeda Metals Limited (ASX: ADN) Andromeda Metals Limited is an Australian Securities Exchange-listed company (ADN) with a focus on developing the Carey’s Well halloysite-kaolin deposit in South Australia. The company has built a highly prospective exploration portfolio of projects covering 5,374 sq km within 19 exploration licences located in South Australia, Queensland and Western Australia. Andromeda Metals (previously Adelaide Resources) was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The Company’s head office is in Adelaide, South Australia. The vision of Andromeda Metals is to be a sustainable industrial minerals producer of high-quality halloysite-kaolin and high purity alumina material, thus providing shareholders with a sustainable financial return on their investment in the Company. James E Marsh BSc (Hons), MAusIMM James Marsh is an industrial chemist and holds tertiary qualifications in chemistry and physics. He has extensive experience across a wide range of industrial minerals spanning a 25 year period, including senior technical and marketing roles with two global market leaders. He previously worked for 7 years as Business Development Manager for Active Minerals Australia, part of the Active Minerals International group, a worldwide leader in the production and marketing of kaolin and gel quality attapulgite clay minerals. Mr Marsh has been instrumental in developing and launching industrial minerals products into established and new applications globally and has a successful track record in general management and sales. 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 Samso creates compelling stories and content giving real insights from business leaders of ASX companies and private businesses that matter to the investment community. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

  • A Green Copper Story? - Thor Mining Plc (ASX: THR)

    Coffee with Samso Episode 123 is with Nicole Galloway Warland, Managing Director - Thor Mining Plc (ASX: THR) Thor Mining is a very special diversified mineral exploration company. Special in that there are three highly prospective projects and one of them could make this minnow a serious copper producer. Our first encounter with Thor Mining was in February 2021 at a Coffee with Samso - A Potential ESG compliant Copper-Gold Producer: Thor Mining Plc (ASX:THR) - and the current Managing Director, Nicole Galloway Warland was the company's Exploration Manager then. The projects that were just being worked on then had just as much potential as the story. I liked the projects at that time and felt that if work was done and the results were favourable, any of their projects could achieve a flagship status. Sure enough, work has indeed been done and it looks like my gut feel was on the money. In this episode of Coffee with Samso, Nicole tells us about the huge amount of work done in 2021. I feel that the maturity of the projects over the past 10 months has been profound and it has shifted my thinking on the direction of the company. I remember Nicole telling me that Ragged Range was going to surprise people. Well, it definitely surprised me. The potential of the area is really only limited to the funding capacity of the company. The Pilbara is just showing its potential and those working in the region will continue to unearth the hidden metal endowment that lies beneath this craton. As for the Copper projects in South Australia, I am greatly relieved that the recent results have made great progress. The ISR potential of the Alford projects is going to make Thor Mining stand out and be seen. I have always liked the potential and I talked about it in the first Coffee with Samso with Nicole and also with the previous Chairman, Mick Billing. I believe that the ISR potential should be the company's main focus and the creation of a Green Copper story is achievable. My take on the Green Metal story, the Green Mining story is one that can only be happy if you have naturally occurring infrastructure. What I mean in terms of infrastructure is the Green Power + Green Minable Economical Resource + Governance/Jurisdiction. In my opinion, Thor has these three components available. They just need to make it work. The Molyhil project is the third part of the story (at this stage). The recent discovery of a skarn source for the Tungsten and Molybdenum mineralisation may change the whole economics of the project. This is now partnered with a rising Molybdenum price in 2021. A rise appears to have some holding power that is going to tilt the game in favour towards Thor Mining. Chapters 00:00 Start 00:20 Introduction 01:38 Ragged Range 02:54 Prospectivity of the Pilbara Craton. 05:30 The Nickel in Ragged Range. 06:54 Copper in South Australia and potential to being a Copper Producer. 08:19 ISR Use 08:55 How do you explain the Environmental Issues? 11:19 73m of 1% Cu is a significant number. 12:35 The Copper project in South Australia is heading towards development. 13:28 NO infrastructure will not be an issue. 13:44 Looking very much like a Green Copper Story. 15:17 Molyhil Project 17:46 Molybdenum is getting new uses and demand. 18:55 Is Molyhill bigger than first thought? 20:10 The Uranium and Vanadium project. 21:42 How will Thor prioritise the projects? 24:50 What's the news flow? 25:58 How does Thor see Ragged Range? 27:35 Nicole's words of wisdom. 28:28 How will Thor manage the variety of projects? 29:26 Concluding comments PODCAST Download this eBook This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Nicole Galloway Warland, Managing Director Thor Mining Plc (ASX:THR) Geologist Nicole Galloway Warland has worked in the mining and exploration industry for more than a quarter of a century in Australia, Eastern Europe and South America since graduating from Sydney’s University of Technology. Nicole's experience spans grassroots exploration through to project evaluation, encompassing both open cut and underground mining, with a focus predominantly on gold, copper-gold, base metals, nickel, uranium, and lithium. About Thor Mining Plc (LON:THR and ASX:THR) Thor Mining PLC is an exploration and development company with an advanced tungsten/molybdenum project poised for development, and exciting copper and gold projects, both advanced and early stages, with the potential to generate significant investor value. Thor also holds an advanced tungsten/molybdenum project ready for development. Thor has projects in Australia in the Northern Territory, Western Australia, and South Australia. Thor also owns the Pilot Mountain tungsten project in Nevada USA, and uranium and vanadium exploration claims in Colorado and Utah. 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 Samso creates compelling stories and content giving real insights from business leaders of ASX companies and private businesses that matter to the investment community. 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 Partnership Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

  • Miramar Resources Limited (ASX: M2R) Discovery at Gidji, Bangemall and Whaleshark

    Rooster Talk Episode 52 with Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R) is a great revelation of how investors should look at projects, and how companies do mineral exploration. Exciting times are coming for Miramar as they are slowly revealing the potential jewels in their project portfolio. The consistent drilling results coming out of the Gidji project are showing signs of a slow development that is turning out to become a valued proposition. As exploration continues, Allan believes that the Gidji project is a new mineral camp with a vast array of geological formations and mineralising tectonic settings. The recent geophysical results from the Mt Vernon project in the Bangemall is creating a lot of opportunities for Miramar. The company has now new targets being generated which they will interpret and start more surveys to vector drill targets. The third major project that is now looking at unlocking its secret is the Whaleshark project. In this Rooster Talk, Allan gives us an in-depth discussion of all these topics. I believe that the Gidji project is now a new mineral camp that sits between Kalgoorlie and Paddington. Chapters 00:00 Start 00:15 Introduction 00:53 Allan updates. 04:58 The development of Gidji into a monster project. 07:34 Why Gidji is going to be a Camp. 09:08 Taking stock of what is in Gidji - This is why Gidji is a Camp. 09:50 The first systematic exploration at Gidji. 10:25 KCGM actively drilling at Runway - 280m @ 1g/t. 11:41 KCGM has been drilling for two months - Something must be happening. 14:52 Gidji is strategically placed for corporate and discovery activities. 15:28 Bangemall Project - Mt. Vernon - Its History and Why it´s Prospective. 16:47 The Craton Margin Factor. 18:24: The Discovery of the Atlas Ni-Cu-PGE occurrences. 23:04 The EM response at Mt. Vernon - What it means for Investors. 25:30 The Interpretation of the geophysical data - How it is done. 26:30 How significant are these anomalies? 28:26 How do we interpret the intensity of the anomalies? 29:35 The three important requirements for discovery. 31:00 John Hronsky and the importance of deep lithospheric structures. 32:14 The Whaleshark Project - A Geological Reason on the High Prospectivity. 43:11 Miramar is now becoming a Three Project company. 46:32 The way of Good Mineral Exploration. 49:04 Conclusion. PODCAST About Allan Kelly Executive Chairman Mr. Kelly is a geologist and manager with over 25 years’ experience in mineral exploration, development and production throughout Australia and the Americas. Mr. Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early-stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd. In 2009, Mr. Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr. Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014. In 2014, Mr. Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr. Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits. Mr. Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Institute of Brewing and Distilling (IBD). About Miramar Resources Limited (ASX:M2R) Miramar Resources Limited is a Western Australian focused mineral exploration company with projects in the Eastern Goldfields, the Murchison and Gascoyne regions. The portfolio of exploration projects has high potential for new gold discoveries within trucking distance of existing operations and for the discovery of nickel-copper-platinum group element (PGE) mineralisation. Miramar aims to create shareholder value through discovery and the Board has a proven track record of successful discovery, development and production. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

  • Emu NL (ASX: EMU) - Strategic Exploration Projects & an Underrated Story.

    Coffee with Samso Episode 128 is with Doug Grewar, CEO of Emu NL (ASX:EMU). The Emu NL story is an example of a very early stage but highly prospective project. This story has been and is still flying under the DYOR radar screen of many investors. Investors are always looking for that undervalued company, and if the management for Emu NL is true to their intentions, this could be the one. When I looked at their projects, it reminded me of my first Coffee with Samso with Venture Minerals Limited. The similarities are that both companies are diversified mineral explorers with projects that have true prospectivity. Mineral Exploration is all about having two key components: 1) A good technical story 2) A management that is in tune with the story of discovery. Emu seems to have been flying under the radar screen and this may be a good time for interested punters to do some serious DYOR. Doug brings us great insights into the projects within Emu NL. As this is at the high end of risks in a mineral explorer, I think this is worth a look. The projects are in new frontier land and it will not take a lot to give it value. The old game of high risks, high returns. Get ready to take notes here and make some exciting discoveries about a relatively unknown and undervalued mineral explorer. Chapters 00:00 Start 00:20 Introduction 01:11 The history of Emu NL. 02:57 The Badja story, gold, tungsten and base-metals. 06:31 Tungsten and what it may mean for Emu. 08:25 More refined Geophysics in the future? 09:38 Sunfire and the Julimar-style potential. 12:54 The Sunfire potential confirms Emu's excitement. 14:15 The plate margin story. 15:21 Viper and its potential. 17:04 Graceland Project - Wheatbelt story. 20:27 8 Mile Dam Project - Nickel Sulphide Story. 22:11 How are the money people taking the Emu Story? 23:58 Market sentiment and Cash position for Emu. 25:38 The long game of mineral exploration is the only game in town. 25:50 Going back to the Badja project - the Base Metal potential. 27:50 Tungsten grades are worth noting. 28:57 News flow in the next 12 months. 30:01 Review of the projects. 31:40 Conclusions PODCAST About Doug Grewar CEO Doug is a highly experienced ASX listed company Managing Director and CEO in mining services and civil construction. A successful strategic business leader with broad resources industry background, Doug is also a Senior Executive in mining, mining services, civil and construction materials sector. He is responsible for both open cut and underground mining projects throughout the Australia Pacific Region in coal, iron ore, gold, base metals, precious minerals. He has executive management experience in civil construction and construction materials, concrete and quarry industries. As Managing Director CEO, his experience is in both mining services and mining business with exposure to mineral exploration, extraction, beneficiation and marketing. Doug is a passionate advocate of the mining and mining services sectors. He has achieved success through the development and leadership of teams and the efficient use of capital and assets in operations. During the the past 4 years he has fulfilled a number of senior roles including Managing Director CEO, General Manager, Registered Mine Manager and Project Director in operations improvement, mine cost reduction, business restructure and recovery. About Emu NL (ASX: EMU) Emu NL (ASX: EMU) is a highly active Australian resource exploration company focused on new discoveries which have the potential to add significant value to investors and shareholders. In September 2020, following an extensive project generation phase and due diligence, EMU acquired “Gnows Nest”, a near production gold project which includes the historic high grade Gnows Nest Gold Mine, near Yalgoo in the Murchison Region of Western Australia. The project is situated 27 kms north west of the Scuttles Golden Grove mine, a base metals and gold project that has been operating for 30 years. Emu also acquired 3 exploration projects in Southwest Western Australia. The package of projects which include Sunfire, Viper and Graceland have a strong history of lead up exploration or historical mine workings and are highly prospective for Copper, Nickel, PGEs and Gold. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso stories are also featured on Brilliant-Online. Read their investment column and subscribe to Brilliant-Online so you don't miss a beat.

  • Cyprium Metals Limited (ASX: CYM) - An Undervalued Copper Producer

    Coffee with Samso Episode 132 with Barry Cahill, Executive Director of Cyprium Metals Limited (ASX:CYM) The time has come for Cyprium Metals Limited to lay out the theme for the Nifty Story. The release of the Restart Study is, effectively, the beginning of what is about to come as the company progresses down the path of mining and delivery copper plates. In this episode of Coffee with Samso Barry shares with us how the Cyprium business will take shape in the coming 18 months. The company is planning to be in production in 2023 and this is effectively shaped by this study. Barry shares with us how the story will unveil itself with all the approval stages being met and in the process of being submitted. The process of extracting the copper is not an arduous process, and funding at this stage for the start should not be an issue. On the 11th March, the company announced the following: Nifty Copper Project Restart Study HIGHLIGHTS Current copper price ~USD4.60/lb Oxide C1 costs of USD1.91/lb and C3 costs of USD2.82/lb Average production of 25,000 tpa copper cathode Oxide cathode production 146,100 tonnes copper metal Pre-production capital AUD149M Positive engagement with Financiers now accessing final study and extensive data room NPV @7% of AUD277M with an IRR of 37% (post tax) Mineral Resource Estimate (MRE) to include 2021 drilling & inferred resource conversion Oxide mine life 2023-29 at ~6.3 years (pre-MRE upgrade) with sulphide potential +20yrs Metallurgical testwork confirms 85% recovery in Retreat and 90% in Oxide Pit material Free cashflow AUD544M Payback in 3 years Regulatory approvals submitted and on track Sulphide heap leach metallurgy testwork commenced NEXT STEPS Finalise the Financing of the project during Q2 2022 Update the Mineral Resource and in pit inventory, including expansion options Complete financing and final government approvals post FID Commence refurbishment and construction post finance and government approvals Plate copper metal in the second half of 2023 Chapters 00:00 Start 00:15 Introduction 00:58 Barry and the mineral resource. 03:45 The Copper price margin. 05:06 Potential future mine life. 07:18 The Nifty West Drilling 08:50 The Pit Shells 10:48 The Nifty Processing Story 16:25 How big can the Nifty resources get? 18:10 What could derail the Nifty Story? 22:00 How does the Nifty Story compare to others in the market? 25:58 Any Environmental Issues? 29:07 Why is Cyprium so cheap? 31:53 History repeats itself. 32:44 What are shareholders and potential investors look at in Cyprium? 35:50 Who are your peers? 36:48 The other projects? The Total Strategy. 41:05 The plan going ahead. 44:55 No short cuts in mining. 45:25 The case of Risk Reduction. 46:28 Conclusion. PODCAST About Barry Cahill Executive Director Mr. Cahill is a mining engineer with over 30 years’ experience in exploration, operational mining and management. In particular, his experience covers management of project development and construction from exploration drilling through project funding, commissioning and development. He was the Managing Director of Finders Resources Limited from 2013 until its takeover in 2018. Mr. Cahill has previously been Executive Director of a number of public companies including Operations Director at Perilya Limited and Managing Director of Australian Mines Limited and Norseman Gold Plc. About Cyprium Metals Limited (ASX:CYM) Cyprium Metals Limited (ASX: CYM) is an ASX listed company with copper projects in Australia. The Company has a highly credentialed management team that is experienced in successfully developing sulphide heap leach copper projects in challenging locations. The Company’s strategy is to acquire, develop and operate mineral resource projects in Australia which are optimised by innovative processing solutions to produce copper metal on-site to maximise value. The Company has projects in the Murchison and Paterson regions of Western Australia that is host to a number of base metals deposits with copper and gold mineralisation. Paterson Copper Projects This portfolio of copper projects comprises the Nifty Copper Mine, Maroochydore Copper Project and Paterson Exploration Project. The Nifty Copper Mine (“Nifty”) is located on the western edge of the Great Sandy Desert in the north-eastern Pilbara region of Western Australia, approximately 330km southeast of Port Hedland. Nifty contains a 2012 JORC Mineral Resource of 732,200 tonnes of contained copper (i). Cyprium is focussed on a heap leach SX-EW operation to retreat the current heap leach pads as well as open pit oxide and transitional material. Studies will investigate the potential restart of the copper concentrator to treat open pit sulphide material. The Maroochydore deposit is located ~85km southeast of Nifty and includes a shallow 2012 JORC Mineral Resource of 486,000 tonnes of contained copper (ii). Aeris Resources Limited (ASX: AIS, formerly Straits Resources Limited) holds certain rights to “buy back up to 50%” into any proposed mine development in respect of the Maroochydore Project, subject to a payment of 3 times the exploration expenditure contribution that would have been required to maintain its interest in the project. An exploration earn-in joint venture has been entered into with IGO Limited on ~2,400km2 of the Paterson Exploration Project. Under the agreement, IGO is to sole fund $32 million of exploration activities over 6.5 years to earn a 70% interest in the Paterson Exploration Project, including a minimum expenditure of $11 million over the first 3.5 years. Upon earning a 70% interest, the Joint Venture will form and IGO will free-carry Paterson Copper to the completion of a pre-feasibility study (PFS) on a new mineral discovery. Murchison Copper-Gold Projects Cyprium has an 80% attributable interest in a joint venture with Musgrave Minerals Limited (ASX: MGV) at the Cue Copper-Gold Project, which is located ~20km to the east of Cue in Western Australia. Cyprium will free-carry the Cue Copper Project to the completion of a definitive feasibility study (DFS). The Cue Copper-Gold Project includes the Hollandaire Copper-Gold Mineral Resources of 51,500 tonnes contained copper (iii), which is open at depth. Metallurgical test-work has been undertaken to determine the optimal copper extraction methodology, which resulted in rapid leaching times (refer to 9 March 2020 CYM announcement, “Copper Metal Plated”, https://cypriummetals.com/copper-metal-plated/). The Nanadie Well Project is located ~650km northeast of Perth and ~75km southeast of Meekatharra in the Murchison District of Western Australia, within mining lease M51/887. The Cue and Nanadie Well Copper-Gold projects are included in an ongoing scoping study, to determine the parameters required to develop a copper project in the region, which provides direction for resource expansion work. (i) Refer to CYM ASX announcement dated 17 November 2021 “Updated Nifty Copper Mineral Resource Estimate” (ii) Refer to MLX ASX announcements: 10 March 2020, “Nifty Copper Mine Resource Update” and 18 August 2016, “Annual Update of Mineral Resources and Ore Reserves” (iii) Refer to CYM ASX announcement: 29 September 2020, “Hollandaire Copper-gold Mineral Resource Estimate” Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Click on image above for Coffee With Samso investment column featured on Brilliant-Online. Our new Brilliant partnership allows us to distribute stories from ASX companies and private businesses to a wider community. As subscribers to Samso, you will find Brilliant stories inspiring.

  • Ironbark Zinc Limited (ASX:IBG) - Greenland Zinc - BFS Completed and Offtake Ready.

    Coffee with Samso Episode 136 is with Michael Jardine, Managing Director of Ironbark Zinc Limited (ASX: IBG). When I first came across Ironbark Zinc, I was intrigued by the Citronen Zinc-Lead project in Greenland. It is a project that has basically ticked all the boxes for mining and production to happen immediately. The Bankable Feasibility Study (BFS) was released in July 2021 which looked pretty good. I reached out to Michael to see if we could have a Coffee and showcase what I think is a ready made project. It is not every day that you come across a project that seems to have all their ducks lined up in a row yet nothing is happening. Chapters: 00:00 Start 00:20 Introduction 00:56 Michael introduces the Ironbark Story. 01:42 Geology of the Citronen Zinc Project. 02:47 How has the market reacted to the BFS? 04:38 Zinc Price. 07:24 What is the process of breaking dirt for Ironbark? 09:55 How do you manoeuvre through the potential cost of Arctic mining? 13:10 Why Citronen is easier than other "Arctic" mining projects. 14:53 The Jurisdiction Question. 17:32 The Uranium Spanner in the Works. 18:15 Exploration upside of Citronen. 19:52 Greenland is a good place for a mining project. 21:22 The Green - ESG Zinc conversation. 24:55 What are the drivers of the Zinc market? 26:39 Substitution of Metals. 27:29 Can Citronen be a Green process? 29:44 Why invest in Ironbark? 31:45 The marketcap of Ironbark is low. 32:44 Conclusions PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Michael Jardine Managing Director Mr. Jardine has a strong background in Corporate & Project Finance, Strategy Development and Minerals Marketing and his previous experience includes Board & Executive roles at a number of junior ASX listed resource Companies. Mr. Jardine has previously served as a Director of Atrum Coal Limited (ASX:ATU) and Pegasus Metals Limited (ASX:PUN, now Scorpion Minerals Limited). Mr. Jardine also served as the General Manager, Corporate Development for formerly listed General Mining Corporation (ASX:GMM) from 2013-2016, and Eastern Goldfields (now Ora Banda Mining, ASX:OBM) during the same period. About Ironbark Zinc Limited (ASX: IBG) Ironbark Zinc Limited (ASX:IBG) is developing the 100% Owned Citronen Zinc Project 30 Year Mining Licence Granted Bankable Feasibility Study Complete Pathway to Funding Supportive Partners – Nyrstar & Glencore Strong Zinc Price Ironbark is focused on developing its 100% Citronen Zinc-Lead Project in Greenland. In late 2016, a 30 Year Mining Licence was granted by the Greenland Government and in September 2017 Ironbark released a cost update to its 2013 Feasibility Study. The results of the study demonstrated compelling economics of an NPV of US$1,035M (US$909M post tax), IRR 36% (post-tax 35%) and life of mine revenue of US$6,364M. Please refer to the announcement of 12 September 2017 for full details and price assumptions. The Feasibility Study Update (2017) was based on the original 2013 Feasibility Study but has incorporated a recent review of capital and operating costs. Several major changes that have been highly favourable include improved global benchmark smelter treatment terms, lower fuel prices (which represents one of the Projects´ largest forecast costs of operation), and the long-anticipated recovery in the zinc price. There have been some cost increases, including wages and some materials, however, the result is a far more robust project than ever before which is reflected in a post-tax NPV of US$909 million, placing Ironbark in a strong position to become a major new zinc producer. Citronen represents one of the world’s largest undeveloped zinc deposits with 12.8 billion pounds of zinc defined in its open-ended JORC compliant resource. Current mine life stands at 14 years. However, the project is at this stage only limited by drilling and is open in most directions. The ore zones are simple, flat and continuous which lead to a simple room and pillar underground mining operation. The higher grade underground mine is supported by open-pit fresh sulphide ore with a low strip ratio. Proven DMS and flotation techniques will produce separate zinc and lead concentrates. The project benefits from a mining friendly government with low sovereign risk. Mining will take place all year round with a three month shipping window. Ironbark is supported by its major shareholders Nyrstar – a major global zinc smelter group, and Glencore International AG – the world’s largest zinc trader, major zinc miner and smelter. The price of zinc has remained exceptionally strong throughout 2017, and rose steadily throughout the September quarter, reaching 10 year highs. Zinc, the fourth most mined metal by volume, is mostly used for galvanising steel, and has run hard since June 2017 reaching a peak value of US$3,264/tonne on 3 October 2017. LME zinc stocks are currently below 270,000 tonnes, which is down by over 40 percent from a mid 2016, which suggests market tightness. The Chinese Shanghai stockpiles are following the same trend and are also substantially lower. Lower Chinese treatment charges and better zinc payability terms being offered by the smelters also point to a genuine market tightness. It has been widely forecast that zinc prices may continue to trend upwards in the near future driven by increasing tightness in the concentrate market, following the closure of several major mines and healthy and growing zinc demand. This has been observed already with increasing Chinese refined metal imports. Overall tightness in the market and the major metal warehouses such as the London Metal Exchange (LME) and the Shanghai Exchange with regards to falling stocks are likely to be supportive and drive zinc prices even higher. In the context of Ironbark, this should prove to be a very supportive financing environment. 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.

  • VMS System Discovered - The Reward for Believing Management - Tempest Minerals Ltd (ASX: TEM)

    Coffee with Samso Episode 133 is with Don Smith, Managing Director, Tempest Minerals Limited (ASX:TEM) Tempest Minerals Limited (formerly known as Lithium Consolidated Limited) has made many ASX companies watch them with envy. The company made this announcement on the 28th March 2022. The 709m drill hole that has come up with massive sulphides cannot be ignored. This is in no doubt a discovery hole. What is for certain is that this is a Volcanogenic Massive Sulphide (VMS) system. What is yet to ascertain is its potential size, the endowment and if this will be an economic system. According to Don Smith, Managing Director of Tempest Minerals Limited, this is an exciting time for the company. The discovery is from a location that was never thought of to be productive. Management discovered that the greenstones that hosted the Golden Grove VMS deposit may have diverted to the tenements that the company holds. The drilling that was announced is proof that this theory is well thought of and could make the difference in creating a new mineralised province. This area has never been pegged and previous explorers have ignored and thought of the place as not mineralised. Chapters 00:00 Start 00:20 Introduction 02:26 Discovery Hole 02:56 How does the core compare to a typical VMS geology? 03:45 What does the geology tell you about the potential? 06:20 Was this a geology drill hole? 08:24 How much confidence do you draw from what you know now to your initial theory? 09:31 Any structural offsets? 10:05 Is depth of mineralisation a concern for you? 10:53 How will this discovery affect your other projects? 12:55 Mount Magnet Projects. 15:43 Where is the focus now? 16:41 Is this a VMS project? 17:08 How big is this system? 17:38 What is the news flow coming for Tempest? 18:25 Patience is paying off for shareholders. Exploration activities will be speeding up. 19:11 Don's sales pitch to Investors. 21:18 Conclusions Watch the interview here or see the video above. For further information about Coffee with Samso and Rooster Talks visit: samso.co.au PODCAST 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. 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. 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 pique investor interest. 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 Our new Brilliant partnership allows us to distribute stories from ASX companies and private businesses to a wider community. As subscribers to Samso, you will find Brilliant stories inspiring.

  • Andromeda Metals Limited (ASX:ADN) - An ASX Kaolin Giant in the making - DFS Completed.

    James E Marsh, Managing Director, clears the air about Andromeda Metals Limited (ASX:ADN) over Coffee with Samso Episode 138 The time has finally come with the release of the Definitive Feasibility Study (DFS) - the long awaited release of the Andromeda business. When I last spoke to Andromeda Metals Limited (ASX: ADN) in late 2021, the company was basically doing its best to keep the momentum going while waiting for the DFS to be completed. Here's the previous Coffee with Samso: The Real Halloysite - Kaolin Story - Andromeda Metals Limited (ASX: ADN) - Episode 124 The premise of the whole business was that it is a simple business that was going to make a lot of money. The initial reaction from the market was not a good one, but I think the temperament of investors needs a strong taste of reality. After talking with James Marsh and learning more about the business, I am convinced that the business has moved on from being a simple bulk commodity business of blending the Kaolin product. What they have now is a sophisticated future in the making. Chapters 00:00 Start 00:20 Introduction 00:46 James updating on the DFS. 02:11 Why the negative sentiment from the market? 05:54 What is the New Strategy for ADN? 10:27 What is the Holy Grail of products? 13:23 Discussion on the resource. 16:09 How much can the Probable be upgraded to Proven in the Ore Reserves? 18:49 How flexible is the plant when grades change? 21:50 How is the Kaolin market now compared to 2019? 25:23 Has the Kaolin-Kaolinite-Halloysite market opened up? 27:09 Important changes in the volume of global annual production. 28:27 The Carbon Capture Potential. 30:35 What is next after the DFS? 35:00 What can throw a spanner in the works? 37:09 Conclusions PODCAST James E Marsh BSc (Hons), MAusIMM James Marsh is an industrial chemist and holds tertiary qualifications in chemistry and physics. He has extensive experience across a wide range of industrial minerals spanning a 25 year period, including senior technical and marketing roles with two global market leaders. He previously worked for 7 years as Business Development Manager for Active Minerals Australia, part of the Active Minerals International group, a worldwide leader in the production and marketing of kaolin and gel quality attapulgite clay minerals. Mr Marsh has been instrumental in developing and launching industrial minerals products into established and new applications globally and has a successful track record in general management and sales. Andromeda Metals Limited (ASX: ADN) Andromeda Metals Limited is an Australian Securities Exchange-listed company (ADN) with a focus on developing the Carey’s Well halloysite-kaolin deposit in South Australia. The company has built a highly prospective exploration portfolio of projects covering 5,374 sq km within 19 exploration licences located in South Australia, Queensland and Western Australia. Andromeda Metals (previously Adelaide Resources) was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The Company’s head office is in Adelaide, South Australia. The vision of Andromeda Metals is to be a sustainable industrial minerals producer of high-quality halloysite-kaolin and high purity alumina material, thus providing shareholders with a sustainable financial return on their investment in the Company. 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 Samso creates compelling stories and content giving real insights from business leaders of ASX companies and private businesses that matter to the investment community. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

  • Galileo Mining Limited (ASX: GAL) - One Step Closer to more Sulphides

    Coffee with Samso Episode 140 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is all about the next drilling campaign in Norseman. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL). This episode is a discussion on the technical merits of the Norseman project. Galileo is about to undertake another drilling program. Watch the interview: Coffee with Samso Episode 140 Chapters: 00:00 Start 00:20 Introduction 00:57 Brad Updates. 01:28 The drilling starts again. 02:21 What have you learned from the past drilling campaign in Norseman? 03:40 Is the geology in Norseman and Albany Fraser different and if so, what are the differences? 05:14 How is the host rock chemistry different in Norseman and the Fraser Range? 06:14 Has the exploration strategy for GAL changed over time? 07:45 Is GAL looking at a new mineralising province? 09:12 What is a good Palladium grade? What should investors look for in a Palladium project? 10:37 What is the magical number that investors should look at in an announcement? 12:24 Is there a proportion of Nickel and Palladium to look for? 13:23 Palladium. 13:47 Why is GAL so well funded? 15:03 GAL has good shareholders. 15:44 What does Brad think of the Nickel market? 17:23 The News coming up for Investors and Shareholders. 18:37 Norseman has not been a Palladium area. 19:33 Conclusions PODCAST About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company 2020 – Nickel Sulphides confirmed at Fraser Range project Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

  • The Business of Brine Lithium, it's actually not a bad business

    Coffee with Samso Episode 19 with JP, Galan Lithium Limited (ASX: GLN) The Brine Lithium sector is something that I have never really looked at in detail. I was a shareholder in one stock but it was during the rising market so I did not do too much research. However, after talking to JP from Galan Lithium Limited (ASX: GLN), I am very impressed with what they have to offer. The whole sector is interesting. It is kind of like the iron ore industry in terms of the tonnage. There is simply a heap of resource and the process of extracting the lithium is straight forward. Having this Coffee with Samso with JP definitely was the highlight of all my sessions. I say this as I learned the most from this discussion. A special thank you goes out to David Tasker (Chapter One Advisors) for lending me Jake Barker who took care of the videography and the bulk of the editing. Sure made life so much easier. Projects The Company’s projects are located within the South American Lithium Triangle in the Hombre Muerto Basin, one of the most important and prolific salt flats in Argentina and indeed the world. The basin is known to have the lowest impurity levels of any producing Salar in Argentina and has been in production for over 20 years. Several areas are targeted within the Project with the main focus being Candelas, in the south-east margin of the basin. Both areas have direct access to the salar including areas shallowly covered by recent alluvium. At Candelas, the target is approximately 15km long deltaic channel, which is the main access channel for lithium charged waters from source rocks to the south of the basin. The Candelas area adjoins Galaxy’s Sal de Vida project to the south. The Company is aiming to estimate a maiden JORC resource as soon as practicable. The Company is also investigating the various processing options open to it, with a view towards maximising the potential to directly produce battery-grade lithium carbonate the results of which will assist in the design and commissioning of a pilot plant. Corporate Information Market Capitalisation: 25M (July 2019) Outstanding Shares: 129M (July 2019) Top 20 Shareholding %: 49% (July 2019) 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

  • An Emerging Copper Exploration Story

    Coffee with Samso Episode 22 with Simon Paull, Castillo Copper Limited (ASX: CCZ) Late last year, I wrote about Castillo Copper Limited (ASX: CCZ) which announced some great results from their Cangai Copper Mine. I was immediately intrigued. However, things did not go well for them. There were some environmental issues which appear to have been sorted out with their reinstatement to the Australian Stock Exchange (ASX). Cangai Copper Mine in northern New South Wales is still one of Australia’s highest grading historic copper mines with a JORC inferred resource of 3.2Mt @ 3.35% Cu. A few months of hibernation and lots of “discussions” the company has a new strategy and a new team. Most times, these new strategies are a lot of hot air, but what Castillo has come up with is very interesting. The talk about the three-pillar plan and I have to say it is not unattainable. The rebirth has brought in a new project within Zambia’s well known “Copperbelt.” The two Zambian projects named, Mkushi & Luanshya, are adjacent to producing copper mines, which enhances the upside appeal for Castillo’s assets. The Luanshya project is south of three mines owned by Hong Kong-listed, China Nonferrous Mining Corp (HKG: 1258; Market Cap: A$1bn), that produced nearly 6,000t of copper in 2018 with total JORC compliant reserves at 52.3Mt @ 1.26% Cu. A key feature is the underlying geology is the same, comprising the Lower Roan Group, which is well known to host copper mineralisation. In addition, emerging explorer, UK-based Moxico Resources’ Mimbula Project has Lower Roan Group structures within its tenure and a JORC compliant resource at 61Mt @ 1.18% Cu. We understand from industry sources that Moxico Resources successfully secured Pre-IPO funding of US$32m which delivered it an implied US$80-90m enterprise value. The current plan is for Moxico to IPO on the London Stock Exchange in early 2020. Meanwhile, Castillo is looking to do a listing on the London Stock Exchange at the end of this year. The company is supported by London stockbrokers Si Capital. In this episode of Coffee with Samso, the conversation is all about the business of copper and a company looking for a new direction. 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

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