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Coffee with Samso Episode 108 with Barry Cahill, Executive Director of Cyprium Metals Limited (ASX:CYM) As the only small cap company on the ASX that is on the verge of becoming a copper producer, Cyprium Metals Limited , is making all the right noises. In this episode of Coffee with Samso Barry shares with us what the Cyprium business is all about. We get a good insight into how the business works and why this is a simple business that will just happen. This is not to say that it is "simple", but it is more to say that Barry Cahill and his team have done this often enough to know what should work, will work and how to fix if it is not working. Cyprium Metals is the only player in this space as a small cap copper producer. For this reason, I feel that this is a good bet for those interested to have exposure in this small capitalisation arena. The unvalued Nanadie Well Copper-Gold Project is one of the upsides for the company. Chapters 00:00 Start 00:15 Introduction 01:16 Barry updates company activities. 02:15 Why is Cyprium different? 05:02 The process of Heap Leaching 11:28 How long is a slow reach for Chalcopyrite? 12:36 The key to the process is Cyprium's IP. 13:45 What is the room for error? 16:35 Heap Leach is not as easy but not difficult. 19:28 Is there a critical step in the whole Heap Leach process? 22:06 Is there such a thing as a Pilot Plant for Heap Leach Process? 23:25 In the process of Heap Leach, is there a "spanner" in the mix? 25:15 Is there a critical price that will kill the business? 26:29 Thoughts on ESG pushing costs up. 28:22 Other projects. 30:18 Could CYM spin out Nanadie Well? 30:44 Why Nanadie Well looks good. 32:28 Reasons why Samso Likes CYM. 34:28 CYM is in the middle of a period of no interest. 36:05 Why investors should do serious DYOR at Cyprium. 40:59 Conclusions 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 . 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Coffee with Samso Episode 107 is with Tony Tang, General Manager of Project Development for the downstream business of Blackstone Minerals Ltd (ASX:BSX). This is Part 3 of a 4-part Blackstone series - giving you deeper insights into the Blackstone Minerals company. When companies such as Blackstone Minerals Limited (ASX:BSX) are at this stage of the business, many investors lose patience. So what I tell people is this: This is the best time to be accumulating stock. You are now at the "Sure Thing" part of the market. People such as Tony Tang are the reasons why investors should see this period of "boredom" as a great time to learn about the business and take position. There has been a fair level of de-risking taking place and the market has taken a turn for the better. Nickel pricing is buoyant and most importantly, the future looks bright and secure. In this episode, Tony Tang, the General Manager of Downstream Project Development, shares with us how Blackstone is making this business bulletproof. Tony tells us that the chemistry, the cooking process of making nickel products is like the simple art of making coffee. The process, from growing the beans to making that perfect brew for you, is the same as what is happening in Vietnam. The precision, the masterful cooking process of making sure all the finer elements are measured and calculated to make sure the end product is of the highest quality is second to none. What is also important is to ensure that the team works as one to create a cost efficient and ESG compliant process. Impressively, the team members are all singing from the same song sheet and have ESG instilled in their DNA. There is a belief and understanding that this business is one that is made to work for all involved and not just for the market. Tune in to find out how Tony Tang and his Blackstone team make the best Coffee in Vietnam and serve it up as a quality brew for the world market. Chapters 00:00 Introduction 01:03 Tony introduces himself 01:36 The difference between Massive and Disseminated Sulphides. 02:54 What is happening with the Blackstone business now. 04:59 The process is like cooking a great meal. 06:47 Mastering the Art of Making the Best Coffee. 09:15 Is it a good thing to have both massive and disseminated nickel ore? 10:41 Are there any nasty elements in the ore? 12:22 What are the technical hurdles for the downstream business? 14:10 Any people sourcing issues? 15:58 Are there any jurisdiction issues for the Blackstone Business? 17:18 Is having the ability to speak Vietnamese an advantage? 19:05 It is all about the people of the business. 20:51 The ESG DNA in the Blackstone business. 22:56 Is Blackstone doing anything different? 25:37 How does Blackstone do the Downstream business? 27:58 How Green is the business? 30:56 Is the business easy? 32:52 Conclusion PODCAST About Tony Tang General Manager - Project Development (Downstream) Blackstone Minerals Limited FAusIMM(CP) BSc Chemical and Metallurgy Cert IV frontline Management - Project Management HAZID, HAZOP, CHAZOP facilitator/leader As a highly-experienced hydrometallurgical engineer, Tony is instrumental to Blackstone's plans to expand downstream refining capacity and technical capability. His experience is invaluable to Blackstone’s Downstream Business Unit (DBU), which includes plans to attract customers, design and construct a pilot plant in Vietnam, and ensure NCM precursor production meets battery-grade specification. Tony Tang has vast experience in commodities like nickel, cobalt, scandium, gold, silver, copper, rare earth, lithium, and minerals sand and is a pioneer of nickel processing solutions and has led several R&D initiatives in connection to the lithium-ion battery industry, spanning across laboratories, operations, engineering consultancies – projects development, studies, EPC, EPCM, sustaining capitals and commissioning. Since 1995, Mr Tang has been extensively involved in multiple second generation HPAL nickel and cobalt laterite projects. Mr Tang worked at Murrin Murrin Operations for nearly a decade where he was involved in commissioning, operations, plant optimisation and ongoing R&Ds projects. About Blackstone Minerals Limited Blackstone Minerals Limited (ASX: BSX) is developing the district-scale Ta Khoa Project in Northern Vietnam where the company is drilling out the large-scale Ban Phuc Nickel-PGE deposit. The Ta Khoa Nickel-PGE Project has existing modern mine infrastructures built to International Standards including a 450ktpa processing plant and permitted mine facilities. Blackstone Minerals also owns a large landholding at the Gold Bridge project within the BC porphyry belt in British Columbia, Canada with large scale drill targets prospective for high-grade gold-cobalt-copper mineralisation. In Australia, Blackstone Minerals is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone Minerals has a board and management team with a proven track record of mineral discovery and corporate success. Blackstone Minerals Key Projects Vietnam The Ta Khoa Nickel-Copper-PGE Project is located 160km west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian Standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. Canada The Gold Bridge Project was discovered in the 1930’s by prospectors identifying a pink cobalt-bloom on weathered mineralization that led to three adits being developed. A total of 1,268 m of drilling was completed from underground and detailed channel sampling was taken from the adits. Results from this work generated some exceptional Cobalt and Gold assays with average grades of 3.0% Cobalt and 20g/t 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. 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.

Coffee with Samso Episode 110 with Robert Mosig, CEO of Caeneus Minerals Limited (ASX: CAD). Caeneus Minerals is a nearology play that seems to be showing some signs that they may be tapping into a known mineralised system. The Pilbara may well be finally giving up its long held secret of unknown sources of gold occurrences. The first goldfields of Western Australia may finally be giving up its secret. I have long said that mineral exploration is where you find the next deposit. I am a big believer that the easiest way to look for a value adding project for shareholders is to find your own. It is well known that a discovery is a combination of science, persistence, excellent management and LUCK. A combination of all of those points is the key to success. In this episode of Coffee with Samso, I speak to Robert Mosig who is the CEO of Caeneus Minerals Limited (ASX:CAD). Rob is a very experienced geologist who has extensive years of practicing the craft of finding a needle in a haystack. I say this with utmost respect as Robert comes from the brand of diamond exploration geology. Anyone who has had experience in the world of diamond exploration will tell you that looking for an economic source of diamonds is very expensive and extremely hard. The out of the box thinking, the hours of looking at possibilities is very challenging. To add more merits to Robert, he was also the founder of Helix Resources Limited (ASX: HLX) and Platina Resources Limited (ASX: PGM), which after all these years, are still on the ASX. Robert shares with us his history and why he feels that there is a great story in Caeneus Minerals' Mallina Basin which is located in the Pilbara Region of Western Australia. Chapters 00:00 Start 00:15 Introduction 01:14 Robert Mosig Introduction 03:39 The Caeneus projects. 06:08 Exploration is the key to success. 08:31 Sulphides in the drilling at Robert Hill. 10:37 Is the alluvium a good sign for the Pilbara? 13:31 No issue with Refractory Ore. 15:05 Pilbara is well endowed with Gold. 16:01 Are there any similarities in geology with Hemi? 17:53 The significance of the 20,000m drilling program. 20:01 The exploration style reminds me of old school exploration. 21:47 What is the market telling Robert about exploring in the Pilbara? 24:03 Has new information on the Pilbara region helped Robert in his way forward? 26:00 What are the news going forward? 26:57 Last words of wisdom from Robert. 28:33 Conclusion PODCAST About Robert Mosig Mr Mosig is a geologist with over 30 years experience in platinum group metals, gold, diamonds and specialty metals. In 1986 he was the founding Managing Director of Helix Resources (ASX:HLX) and in 2006 he was the founding Managing Director of Platina Resources Limited (ASX:PGM). Mr. Mosig brings to the Caeneus team a strong technical and corporate contribution covering involvement in field programs through to corporate and technical acquisitions and fund raising activities. About Caeneus Minerals Limited (ASX: CAD) Caeneus Minerals Ltd (ASX: CAD) is an Australian-based mineral exploration and development company established for the purpose of acquiring a portfolio of highly prospective exploration projects. The Mallina Province Project The company’s exploration licences at Roberts Hill and Mt Berghaus cover an area of 170 sq km and 179 sq km respectively and are situated approximately 50 kilometres to the south of Port Hedland. The ground is comprised of structurally and chemically altered granitic, intermediate and ultramafic intrusive rocks which are considered highly prospective for additional gold occurrences to the recent discoveries in the region (De Grey’s Hemi). Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Brilliant Investments Samso's compelling ASX stories are also featured on Brilliant-Online.

Coffee with Samso Episode 109 with Andrew Strickland, Head of Project Development of Blackstone Minerals Ltd (ASX:BSX) Part 4 of Samso's Special Series on Blackstone Minerals Limited (ASX:BSX) is the perfect conversation to tie up all three previous speakers on delivering the business of Ta Khoa and Nickel Downstream production. Andrew Strickland, who is the Head of Project Development, gives us a great overview on how all components of the business fit together. In my opinion, the Blackstone business is a complete package. They have the ore, the processing and the customer. And when it comes to the ore, not only do they have it, but they also have the combination of low and high grade ore. Investors on the ASX need to realise that when we look at a company like Blackstone Minerals which is at the "mining" and "processing" stage, all their ducks are lined up. And this is no mean feat. It is definitely time consuming. This is why it is vital to have the skill of being cost and time efficient. A component that makes the business so green is the introduction of an electric mining fleet. The innovation by the team to make this happen will create another feature that will give the business more visibility in being an ESG story. Listen to how Andrew Strickland is making this happen. Tune in to find out why Andrew Strickland thinks the Blackstone story in Vietnam is the real deal. Chapters 00:00 Introduction 01:02 Andrew Strickland Introduction 01:49 What does Andrew deal with in the business. 02:33 Does having its own ore make it "safer" for Blackstone? 04:02 The Massive Sulphide vs. Disseminated Sulphide Story. 05:25 The challenge of having a large number of targets. 06:49 How important is planning the timing of delivering your targets. 09:13 How does Ta Khoa compare to other projects? 11:18 What does Andrew feel on the ESG factors in Vietnam. 13:02 ESG is more apparent for Andrew and his area of concern. 14:12 Is drilling more expensive in Vietnam? 15:10 Is the culture of ESG instilled in Blackstone? 16:32 What is the resource going to look like? 18:15 Is the implementation of Electric Vehicle & Renewable Energy in the Feasibility Study? 19:06 How realistic is the coming of the electric Mining Fleet? 19:41 The Hybrid nature of mining fleet including Hydrogen. 19:56 Transition Path to Electric Mining Fleet. 20:45 Are there any other "ways' to do it better? 22:08 How hard is it to have a Mining Fleet? 24:11 Is the plan to have an electric fleet the way to go? 25:10 What is there for Investors going forward? 25:49 Development of by-products. 26:22 Potential of Credits. 27:28 The benefits of by-product credits. 28:10 Any issues chemically? 29:19 Are the partners helping? 30:26 Are your "retail" partners helping? 31:41 Any last minute thoughts for investors? 32:47 Ducks lining up proper now for Nickel and Mining Nickel. 34:04 Conclusion PODCAST About Andrew Strickland Head of Project Development Blackstone Minerals Limited Qualifications: BEng (Chemical), BSci(Extractive Metallurgy), MBA, FAusIMM Mr Strickland is an experienced Study and Project Manager, a Fellow of the Australian Institute of Mining and Metallurgy, University of WA MBA graduate, with undergraduate degrees in Chemical Engineering and Extractive Metallurgy from Curtin and WASM. Before joining Blackstone, Mr Strickland was a Senior Study Manager for GR Engineering Services where he was responsible for delivering a series of Scoping, PFS and DFS studies for both Australian and international projects, and over his career, he has held a variety of project development roles across both junior to mid-tier developers (including Straits Resources Ltd, Perseus Mining Ltd and Tiger Resources Ltd) and major multi-operation producers (South32). Mr Strickland has a demonstrated history of developing mining & metals projects across commodity types (including base metals, precious metals, industrial minerals and iron ore), as well as a broad understanding and experience in developing all aspects of mining projects including geology, mine design optimisation and planning, process infrastructure and non-process infrastructure design, environment approvals and permitting, marketing, project estimation, project financial analysis, and financing. About Blackstone Minerals Limited Blackstone Minerals Limited (ASX: BSX) is developing the district-scale Ta Khoa Project in Northern Vietnam where the company is drilling out the large-scale Ban Phuc Nickel-PGE deposit. The Ta Khoa Nickel-PGE Project has existing modern mine infrastructures built to International Standards including a 450ktpa processing plant and permitted mine facilities. Blackstone Minerals also owns a large landholding at the Gold Bridge project within the BC porphyry belt in British Columbia, Canada with large scale drill targets prospective for high-grade gold-cobalt-copper mineralisation. In Australia, Blackstone Minerals is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone Minerals has a board and management team with a proven track record of mineral discovery and corporate success. The Ta Khoa Nickel-Copper-PGE Project The Ta Khoa Nickel-Copper-PGE Project is located 160 km west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. In the Ta Khoa Nickel-Copper-PGE Project, previous project owners invested more than US$136m in capital and generated US$213m in revenue during a 3.5-year period of falling nickel prices. The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years. Existing infrastructure associated with the project includes an internationally-designed 450 ktpa processing plant connected to local hydro grid power with a fully-permitted tailings facility and a modern 250-person camp. Since commencing maiden drilling in August 2019, Blackstone Minerals has made significant progress at Ta Khoa, drilling over 9,000 m of diamond core in more than 47 holes into the Ban Phuc DSS deposit and the highly prospective King Cobra discovery zone. An initial scoping study evaluating mining and processing options is well advanced, including potential in-country downstream processing to deliver high-value nickel sulfate into Asia’s rapidly expanding electric vehicle (EV) industry. The recently announced MOU with Asia’s largest and the world’s second-largest EV battery cathode manufacturer, Ecopro BM Co Limited represents a significant step towards making this a reality. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso stories are also featured on Brilliant-Online. Read their investment column and subscribe to Brilliant-Online so you don't miss a beat.

Lucia Darcy's take on the recent partnership and its key product - a zero carbon-emitting hydrogen fuel cell compressor. As an investor novice and an individual with anxieties about Earth's tussle with unrenewable energy, Sprintex Limited 's journey into the realm of zero-emission engines was undoubtedly alluring. I was excited to learn more about a compact and light device that ran on air and water - it sounded too miraculous to be true (clearly, I am not an engineer either). However, after some research, it became apparent hydrogen fuel cell technology has been around for some time. The only thing missing was the cost efficiency, and perhaps more importantly, the global drive for a cleaner atmosphere and greener conscience. But not anymore. Via Sprintex's collaboration with Aeristech Limited , I've learned the market for clean energy has burst wide open and is only going to get bigger. Those as interested as I am should read on for a broader understanding of the significance of the partnership. We will cover the following key points in this Samso Insights : Collaboration with Aeristech, global experts in electric motor and control technology, strengthens Sprintex's goal to manufacture and supply e-compressors for zero-emission electrical engines (hydrogen fuel cells). Agreement furthers the global desire for industrialisation of top tier electrical engineering, expanding the clean air market and making it more accessible. Production is already underway in China with production samples to be expected this month (October 2021). Solid opportunity for future revenue for both parties as the consumer world becomes more environmentally conscious, with retail expected within the year. A Match Made in the Board Room The era of electric vehicles is speeding towards the present with the recent partnership of Australian automotive manufacturer Sprintex Limited (ASX: SIX) and Aeristech Limited. Aeristech, being a global leader in electrical technology, has entered into an agreement with Sprintex to manufacture three types of high speed electric compressors for the hydrogen fuel cell market. Sprintex's recent re-entry into the ASX preceded a launch of their ideas for a cleaner atmosphere. Along with a $6.6 million recapitalisation, the company has reshuffled their management team as led by Jay Upton, the new CEO of Sprintex Limited (ASX: SIX). The now debt-free Sprintex anticipates innovating carbon-free eCompressors (electric compressors) and continues to manufacture their patent-protected twin-screw supercharger product. The company has previously been highly associated with the automotive and vehicle performance industry but is now speeding down the zero-carbon engine route. The lucrativeness of the 'green energy' and clean air market makes this partnership important for investors. In a world increasingly more captivated by zero-emission technology, the high-growth expectancy for the green hydrogen fuel industry puts both companies on a mutually fortunate footing. Under the deal, Sprintex will bring their expertise in compressors to meet Aeristech's renowned advanced electric motor engineering. In his recent conversation with me, Jay Upton said, "It's a very good marriage… In that, we are the compressor experts and (Aeristech) are the electric motor experts. We can enhance one another's products". Production of new conventional programs has commenced in Malaysia and is to be ready for retail by the close of this calendar year. Chinese production for e-compressors is due to begin this month. Who is Sprintex Limited? The company is heavily associated with the street performance, and motor racing industry. With its roots in Glasgow, Sprintex Limited was originally called Fleming Thermodynamics or FTD. Founded by Professor Dan Wright MBE, FTD took inspiration from the Swedish inventor of the twin-screw compressor, Alfred Lyshom. From here, engineers at FTD developed the Sprintex Supercharger, a mechanically driven rotary compressor that increased speed while allowing lower discharge temperatures and higher volumetric efficiency. "I've been involved in motorsport all my life," said Upton, "In the late 90s, Sprintex was a sponsor of mine… you could not win that category of racing without a Sprintex Supercharger". Today, the Sprintex Supercharger is still patented technology unique to the Sprintex brand and has been an engineers' choice in both drag racing and multiple major car conglomerates. Based in Suzhou, China's highly developed economic region, Sprintex Limited has attained a 1,500 square meter site for high-speed compressor production (according to the investor site Hot Copper). The technology company begins production in China soon, having already confirmed it will research, develop, and manufacture clean energy for industrial applications in China. The company states the facility will aim to produce up to 50,000 high-speed electric compressor units a year and is staffed by an experienced team of turbo-machinery and electrical engineers. What are eCompressors: Explaining the Future During our insightful interview with Jay Upton , the CEO explains how eCompressors and hydrogen fuel cells work. Sprintex's eCompressors (electronic compressors) comprise contactless air bearings, carbon fibre and ceramic rotors, which feed a fuel cell stack to produce electricity from hydrogen and oxygen. Compact and light, Sprintex and Aeristech's innovation has reduced compressor size and weight by 30% compared to high-speed compressors that are already in the market. In addition, the product features a compressor able to go from motionlessness to spinning at 100,000-160,000rpm in a moment. Hydrogen fuel cells emit zero carbon compared to other non-electric engines, making them unique and inherently valuable. A fuel cell needs a compressor to operate efficiently, to supply sufficient oxygen (from air). By combining hydrogen and oxygen in the cell, over a catalyst, the result is a generation of electricity. No oil is involved in the process (as the machinery does not rotate against each other), the only emission is steam: no carbon, no pollutants, just very cool science. The zero-emission technology will meet the high anticipation from buyers, with an initial range of products that range from 6kW to 25kW models to be used for a range of non-emitting machines, covering the current fuel cell market. According to Sprintex, the electricity costs of eCompressors will reduce by up to 30% compared to other compressors on the market. The units are also available as electrical 'superchargers' for hybrid vehicles and high-efficiency air and gas compressors. The products are outlined in the agreement as: 1. fuel cell electric vehicles and stationary fuel cell generators; 2. industrial turbo blowers for clean air supply and water treatment aeration; and 3. multi-stage industrial compressor sets. Global Demand: The Race to Zero The demand for this technology mimics the company's collaboration efforts for rapid growth. Clean emission transportation (buses and long-haul vehicles), water purification, industrial and domestic application have been consumer interests for years but are now being actively pursued by Sprintex and Aeristech. Government enthusiasm for zero-emission vehicles is prevalent in both foreign and local countries. Australia alone has roadmaps for 50% of all lightweight vehicles on the market to be zero-emitting by 2030 (Victoria). The plans are supported by a $100 million package of policies and programs to help their goal. And Australia isn't the only nation aiming to achieve a shared climate goal. Interestingly, the nation renowned for having cities obscured by layers of black pollution and civilians suffering from onset emphysema is now stepping up as leaders in the green energy game. And they're handing out subsidies for anyone who can help them get greener. China is in the foresight for marketability for Sprintex and Aeristech's latest partnership and products. The involvement of eCompressors is limited to establishing a factory in China but to be in proximity to supply Zero-Emission Vehicles (ZEVs) to satiate China's eagerness for a cleaner national atmosphere. In the past decade, China has become the world's largest market for electronic vehicles and products. The International Energy Agency (IEA) stated that the nation accounts for over 90% of the world's sales for electronic vehicles (cars, buses and trucks). Like Australia, China plans for 50% of their vehicles be ZEVs, varying from electric, plug-in hybrids or, Sprintex/Aeristech-developed fuel cell-powered. The other half is to be hybrid vehicles. This vast development is a result of targeted policies by China to encourage the EV market, including incentives, subsidies and vehicle regulations. The Chinese government is a prime example of government support following the technology, as China has granted multiple subsidies for the operation in Suzhou. According to The Market Herald, the facility will not be subject to rent for three years as it will be subsidised by the local government. It will also have tax exemptions of up to 80%. China's proximity to overseas markets also puts the enterprise at a massive advantage for objective success. “The industry is looking for solutions… we have the experience of these unusual applications” - Sprintex CEO, Jay Upton eCompressors Make Their Way Off-road In Samso's August interview with Managing Director and CEO of Sprintex , Jay Upton emphasises that although the history of Sprintex is very much in the automotive supply industry, the Hydrogen Fuel Cell Compressor is applicable for other more creative uses. For example, it is a documented plan for Sprintex to use their eCompressor technology within the water treatment industry, enabling wastewater purification to emit very little carbon during the treatment and aeration process. In addition, the engineering of the hydrogen fuel cell compressors includes the providing of constant airflow, making their application incredibly versatile for both the practical realm and the broader market. Mr. Upton has also delineated plans for Turbocompressor products. These turbo blowers are another outcome of Sprintex's collaboration with Aeristech and are high-speed units for clean air supply. The versatility of application for these products also ranges from use in medicine, food preparation and distribution, to industrial manufacturing. In Samso's conversation with Mr Upton, the CEO mentions his company's work in reducing the cost of electricity usage by up to 30% when compressing air, - an astronomical saving for any industry. He comments, "I think you're going to see us (Sprintex) move quite broadly into certain applications in industries simply because we are more efficient". Ultimately, the invention of the eCompressor doesn't only mean that products will be powered and produced in a way that minimises carbon emissions. It also means that cost efficiency is aiming to improve for the multitude of industries that manufacture compressors. Investor Intrigue Now, onto some statistics that call for attention: The partnership's debut saw ASX: SIX shares spike by 48%, and shares soar from 4.94% to 8.5%, as stated by The Market Herald. For the same reason, no doubt, the collaborative development of these two companies have been alluring to investors. A step in the transformative direction of eCompressors, Sprintex has rebranded itself as a trailblazer in the green energy industry. Hydrogen fuel technology is not a new idea. Previously, hydrogen technologies have experienced cycles of expectations that were unrealised due to the lack of economic viability. However, decarbonisation of the global energy system has remained a priority to many governments and individuals. Improvements in the cost efficiency for eCompressors, and the supportive policy and interest for the technology, have enabled the cause to gain momentum into a reality for a zero-emission run world. “Companies are confident that under this collaboration, both parties will accelerate the expansion of market coverage and gaining profit.” - Sprintex Limited Improvements in cost have aged with the optimism for hydrogen fuel cells. Two decades ago, the production of of a hydrogen fuel cell city bus would have cost "$350,000 for the bus and another $2 Million for thefuel cell, making it not so viable", according to Mr. Upton. Today, the range is claimed to be much cheaper, but the statistics are unclear. What is documented is the expectation for hydrogen fuel to become a lot more affordable in the coming decade. According to a 2020 ANU study titled " Green Hydrogen Production Costs in Australia: implications of renewable energy and electrolyser costs ", the expectation for hydrogen fuel costs is expected to drop to $2-3/per kg by 2030. After decades of unaffordability causing the electronic compressor market to suffer, the demand for eCompressors is almost impatient for products. A strengthened global resolve to mitigate climate change has opened the electronic engine market wide open - on which Sprintex and Aeristech have capitalised. Sprintex already has: The manufacturing base in Asia The distribution contacts in the USA, Middle East and Asia Current production in Malaysia and, recently, China A retail partner and aftermarket agreement (Aeristech) Mr. Upton also reassures investors that the technology developed between both companies is patent protected as Intellectual Property (IP), making them exclusive powerhouses in the industry. So it is no surprise that the announcement of the contract was met with such interest. The contract states 24 months, of which Sprintex is deemed the supplier of eCompressors and similar products to Aeristech. Final Thoughts While the technology behind Sprintex and Aristech's range of renewable energy compressors may not be entirely new, the collaboration has developed their products into highly impressive tools that serve a dual purpose. On the one hand, this technology is a significant step towards a cleaner Earth - a popular direction as an international imperative. On the other hand, the lucrativeness of the industry and the way the market has opened up to accommodate massive success indicates a fascinating dynamic between social intent and economics. While I am no expert in investing or engineering, I can see the significance of green energy is in its ability to generate optimism in all places. About the author Lucia Darcy is an up and coming writer, columnist and essayist with her roots in social and philosophical academia. Lucia is a current Literary Studies student who aims to start her career as a copywriter and freelancer by engaging with various companies and topics. Her involvement with Samso is based on a shared curiosity for investment, mining and global economics. She believes that although her approach to each blog is from a place of learning, her writing is for people like herself - novices and autodidacts who wish to educate themselves on a range of matters. Media Partner Brilliant-Online: Our investment articles are also shared across Brilliant-Online magazine . Check out their investment column. Subscribe to Brilliant-Online. 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 to write 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 . 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 .

Is China still reliable for the iron ore trade? Iron ore is a prevalent commodity in Australia and an important export for our economy. Whether it is their recent real estate crisis in their internal economy or their complicated relationship with Australian mineral exports, what is highly relevant for Australians to consider is: Is China still reliable for iron ore trade? Let's contextualise the story Iron ore demand has plummeted amid China's reduction in steel use, according to ANZ commodities analysts. The pressure on the iron ore industry has even caused several Australian mining groups to shut down operations temporarily. However, the fall in the market is allusive to a much bigger problem regarding the world's biggest iron ore consumer: China. China has made its aim clear; to reduce their pollution output by reducing an association with the steel production and the iron ore industry. The CCP has been open about aiming to keep its emission low by restricting steel output to 1 billion tonnes since 2016. As one of Australia's foremost consumers of iron ore, China's sudden lack of demand has caused dramatic shifts in mineral prices. In a discussion with Samso CEO, geologist and mineral expert Noel Ong, he explains, "The EV (electronic vehicle) revolution needs iron ore. It is not just about Lithium. You cannot make the lithium factory, the lithium processing, etc. without steel". Hence, the goal of lowering pollution output may be noble, but the likelihood of such a rapid decrease in steel production seems unviable. He further explains, "The good news for iron ore is that China is dependent on iron ore. Growth in China will need iron ore." These goals, some claim, were formed considering China will be hosting the upcoming Winter Olympics. Thus, the perception is that China wants to promote their nation as advanced in the global race to decarbonise during a time of great publicity. Yet, others have linked China's actions to a much more complex economic dilemma. Evergrande: the next Global Financial Crisis? This September, it was revealed that China’s Evergrande Group, the nation's most prominent real estate firm, had accrued a massive debt. The crisis quickly established itself as a dangerous catalyst for Beijing's property market, its investors and beyond. After the implementation of some policies in 2020, the real estate sector of China has been cracked down on by governments for their vast amassing of debt, with developer giant Evergrande having racked up over US$300 billion in liabilities. Quickly following Evergrande’s inability to make a scheduled bond payment to international holders, Evergrande was forced to cease trade - causing a reprieve in China's demand for iron ore. The impact of a crisis not even fully formed has seen a significant injury to the Australian iron ore industry. Australia saw AUD $150 billion from exports, 80% of this coming from China in 2020, making even the slightest fall in iron ore value or demand a highly volatile blow to our economy. As a vitally important commodity to the Australian economy, the fate of iron ore (and much more) is now the ball in the court of the potentially collapsing Evergrande. Which it really shouldn't be. For many reasons, some compare the disaster that would follow Evergrande's collapse to another Global Financial Crisis. The iron ore market has been giving investors the run around for months, seeing the price of iron ore soar to US$200 in May, followed by a plummet in September to under US$100. Following the fall, it went public that Evergrande possessed the most immense debt pile in the country. With a debt of over US$360 Billion ranging in the form of bank loans and various borrowings, the second-largest real estate developer in China was exposed to be on the brink of bankruptcy. The global consequences of this concern those with stakes in the iron ore industry and beyond. Evergrande risks leaving property underdeveloped despite 1.5 million people having already paid deposits with potentially nothing to show. Additionally, they are now selling their assets at significant discounts. Currently, Evergrande owes US$669 million in coupon payments by the end of the year and US$7.7 billion in maturing debt due next year. China walks a thin line with recent legislation The real estate giant's aggressive loan taking came back to them when the Chinese government in August of 2020 cracked down on leverage in the real estate industry to evade a financial crisis - ironically, potentially causing a different one (there's an iron pun in here somewhere). The CCP introduced a policy of "three red lines" to govern real estate developers. The policies are designed to police the way investment companies rack up debt. By introducing a metric to measure a company's debt tolerance, violators will face restrictions on how much they can loan and from whom. They force deleveraging to improve the real estate sector, cause credit rating changes and create opportunities for bond investors. China implemented the lines as concern grew for rising debt levels and surging land prices to protect the Chinese real estate. The reasoning behind the three red lines: 1. To lower house prices: China has seen a significant rise in house prices over the last few decades, making property largely unaffordable. 2. To lower land market prices: House prices rise when developers buy and hoard land to bid off later. 3. To funnel money into other economic sectors: China's real estate sector accrues massive capital. By moving funds away from real estate, the instability of the real estate sector (which is prone to fluctuation) is not as much of a liability. When the rest of the economy isn’t so dependent on one area, it is therefore not as vulnerable. Overall, these policies have obviously been implemented to protect the real estate sector. This industry is one of China's most important aspects of the economy. The chain of reaction between real estate and other sectors of China is strongly linked, and therefore needs to be protected to be sustained. Despite the reasoning behind these rules, their implementation had consequences similar to those they have been set up to prevent. Evergrande immediately violated all three red lines and is now unable to engage in any further loans. The stagnancy of this cash flow has tremendous implications on other companies and the economy's ability to execute a trade. China cut off the lifeline for Evergrande, but will they be able to pick up the pieces that fall in its wake? For these reasons, many are making some alarming comparisons between Evergrande and the Lehman Brothers. Despite this extreme comparison, especially considering the safeguards that have been out in place since 2008, the uncertainty of Evergrande's fate is anxiety-inducing for those that would be affected by the shockwave of its possible collapse. The fate of Evergrande is mainly dependent on the Chinese government's actions which will have to choose between sticking behind its tough stance on debt restrictions or bailing out its real estate sector. The Chinese property development crisis would have disastrous impacts on stakeholders and anyone connected to them. The Chinese real estate market would also take a hit as Evergrande would have to 'fire sell' its assets and property, causing a depression in the rest of the market. According to the Financial Times, the real estate sector makes up 29% of the country's GDP. Hence, a wound to China is a wound to all, as attested by the harm done to Australia's iron ore industry. In economic terms, this is called 'contagion'—a name befitting, as this crisis's impact would have similar weight to the seriousness of COVID-19. Contagion is a financial phenomenon that acts similarly to bacteria's passing, but the infection is an economic failure. The missing of obligations by Evergrande could cause other companies and other countries to miss their commitments. As a result, predicting and planning finances becomes a lot more difficult, and debt accrues. Thus, it is part of the chain reaction despite sectors such as the iron ore industry not being directly exposed to Evergrande. Although the Chinese government has made it clear they have no intention of rescuing Evergrande, what they have done is inject liquidity of US$18.6 billion into the banking system, according to a Bloomberg article. Additionally, Evergrande has an opportunity of negotiating with its creditors to haircut their debt, that is, to restructure the amount they agreed to pay back. Seen as unavoidable by some, a haircut to their debt may be agreed upon given the stakes are so high. Many countries' economies have not fully recovered from the impact of the recent pandemics and no longer have the funds to soften the blow of a financial hit. In light of panic surrounding Evergrande, China has declared all cryptocurrency transactions, such as Bitcoin, illegal. The ban prevents any capital flight, where assets quickly flow out of the nation- causing an onset global financial crisis. Moreover, the recklessness of the 'three red lines' policy seems to be more problematic for global powers who should heed the actions of China if they want to protect their trade. What has China's property industry got to do with Australia? When I first contemplated this topic, I was baffled how a Chinese real estate company's debt could affect Australian mining companies to close shop. However, upon researching, what opened to me was an extreme scepticism for how reliable China was as a trade partner. If the health of our economy relies so heavily on China's real estate market, Australian miners should look to the more promising urbanisation incline in India, Africa and Indonesia. Look to December of 2020 for an insight into China's unreliability as a trade partner. Late last year, China set up a blockade against Australian coal imports that left ships stranded and mining companies confused, according to the New York Times. The game Beijing played with Australian exporters seemed in retaliation for Australia's demand for an inquiry into the origin of COVID-19. The shipment later found trade in India, an increasingly more urban country. People have never lived more in urban areas than today. According to the UN, in 2018, 55% of the global population lives in cities, a number expected to rise to 68% by 2050. The need for iron ore may be deteriorating , but this is likely to decrease after decades of increased urbanisation in India, Pakistan, and Indonesia. Africa is also growing their cities, and Japan is still our major importer of minerals. So the need for steel is not going anywhere anytime soon. Noel Ong comments, " Non-China growth will happen, the US will have their second industrial revolution, the second and third-tier nations will grow and equilibrium will take its place again... iron ore will find a price medium". What are the political implications? The Australian relationship with China has been somewhat strained recently, some perceiving China's reduction in consumerism with iron ore being their pulling away from dependence on Australian commodities. In some ways, China's dependence on Australia's minerals has given Australia a sort of veto power over China- as the supplier to necessary materials; we hold the ability to restrict them. This assessment was formed considering the various ethical conflicts Australia has called out China for in recent years; cyber-attacks and the Chinese made devices containing government spy technology being examples. This month, Microsoft has made major restrictions for China via their online service 'LinkedIn' over allegations that China has been silencing journalists via the website. Perhaps China has halted trade of coal, wine and wheat with Australia over the years out of sheer retort. However, China has had just as much power over us as major consumers of iron ore- an influence that mining companies should be wary of. China, The WTO and more There is indeed a delicate symbiosis between China and Australia. Some could argue it is currently in an imbalance that could affect us just as badly in the global political arena. Personally, I find it a stretch by miles to argue that China would sabotage their largest economic sector to jab countries in the process of their own destruction. Indeed, I even think the nation has a right to reduce its carbon footprint as quickly as possible, as does any country. Their attitude towards pollution and attempt to control their real estate sector could even positively influence Australia. However, the recklessness of their policies, the bullying of smaller nations, and the petty disruption of trade are cause enough to provoke Australia to drift from Chinese markets. However, these actions are not different to those used by other "big brothers" of the past. We all know that China's legal system is entirely inaccessible. Narratives would be correct in saying that it is too ambiguous to stay in a trade agreement with China if you are a small company because a breach in the contract is difficult to reprimand via a government as unforthcoming as Beijing. Sovereign states have issues so a small company would have no chance. At the time of China's barricade in 2020, Prime Minister Scott Morrison claimed that China banning iron ore would breach World Trade Organisation rules. Australia took China to the WTO for bans on wine and barley trade, which hasn't met a conclusion yet. China's relationship with the WTO is one of broken promises and these actions are the same of all "big brothers". According to the Information Technology and Innovative Foundation, "China has failed to meet numerous WTO commitments on issues such as industrial subsidisation, protection of foreign intellectual property, forcing joint ventures and technology transfer, and providing market access to services industries". Australia is still following up with the WTO regarding wine and barley and advocate for some reprimanding for China's leniency on the rules. From here, the WTO could make an established ground for China to exit trading with Australia in terms of iron ore safely and fairly. Additionally, China has been taking action in Africa to establish an iron ore mine in Africa's Guinea iron ore province. The idea of the new mining hub is for China to establish a different source of iron ore trade to assert independence from Australia. Although sparking fear, the enterprise is arguably a strategy in the trade war. Samso CEO Noel Ong reassures, "African iron ore will not be economically competitive, and unless China wants to be competitive with growing markets, it will buy from Australia again. Remember, it is not about price alone; it is also about the quality of the iron ore." Not all doom for Iron Ore in Australia I claim to be an expert in the mineral market or global economics no more than economists claim to be fortune-tellers. From my research on the topic, the consensus on this issue seems to be coming from a place of panic. However, the ASPI (Australian Strategic Policy Institute) claims that there is ground for some optimism regarding this story. David Uren of APSI reassures that despite the plunging iron ore market, the possibility of it surging as it did in May of this year isn't entirely unlikely. He also mentions that despite China having a 2016 5-year-plan to reduce steel output, the enterprise currently is not going to schedule for them. While the Chinese government planned for the top 10 steelmakers in the country to produce 60% of the steel used for Chinese infrastructure by the end of the 5-year-plan, local steel production only rose 2 per cent from 36%, according to ASPI. So reducing dependency on Australia will come both as a struggle and for a price. "Commodity cycles exist because it is cyclical" - Noel Ong, Samso CEO Final Thoughts It is a scary thought to imagine the damage that could be done to a global economy having already been hit with two years of a pandemic, but the Evergrande crisis provoked thoughts on this and so much more. Indeed, for Australians, Australian miners and stakeholders, the plummet of the iron ore market has confronted us with contemplating our future with China, their reliability as trade partners and the extent that we should be reliant on them. Industrialisation and mass urbanisation is yet to hit many countries. Australia will benefit as we pivot to these precious markets to offload our abundant resources. China is set on their steel output decreasing. Their trade with Australia is being challenged; yet, as hard they pull away from Australia, the mining industry is still more experienced and contains higher-quality products here than in most countries. I have optimism for Australia's mining industry, but China's Evergrande crisis should be heeded cautiously by China and all, for when big things fall, they fall hard. Author: Lucia Darcy, Samso Insights Contributor Lucia Darcy is an up and coming writer, columnist and essayist with her roots in social and philosophical academia. Lucia is a current Literary Studies student who aims to start her career as a copywriter and freelancer by engaging with various companies and topics. Her involvement with Samso is based on a shared curiosity for investment, mining and global economics. She believes that although her approach to each blog is from a place of learning, her writing is for people like herself - novices and autodidacts who wish to educate themselves on a range of matters. Media Partner Brilliant-Online: Our investment articles are also shared across Brilliant-Online magazine . Check out their investment column. Subscribe to Brilliant-Online. 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 to write 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 . 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 .

Rooster Talk Episode 48 is a Simple Gold Mining Story with Mark Strizek, Executive Director of Tietto Minerals Limited (ASX:TIE) Today's Rooster Talk is about the recent release of the DFS and the conversation is more than casual. As I have mentioned in the previous Coffee with Samso Episode 100 (our milestone episode) with Mark, my takeaway was - this is essentially a Simple Gold Mining Story. The jury is out for Tietto Minerals Limited (ASX: TIE) as they release the Definitive Feasibility Study (DFS) for the Abujar Gold Project. As Mark Strizek, the Executive Director, puts it, it's knocking people's socks off. The 54% global resource upgrade from the Pre-Feasibility Study that was released earlier is a testament to how good the Abujar Gold project is. The AISC for the first year is less than USD$900 and the next six years of production is at less than USD$1000. This is a great conversation about what a good gold project should look like. Watch the interview: Rooster Talk Episode 48 Chapters 00:00 Start 00:57 Mark shares the DFS story. 01:28 A very good payback period. 02:12 Lots of fat in the Gold price for Tietto. 02:52 Extremely good AISC 04:23 Orebody is not closed off. 05:03 Is new drilling going to make any difference to the DFS? 05:57 The DFS leaves no questions on the table. 06:52 There is a trend within the orebody for good grades. 08:39 What is the processing for Abujar? 10:31 A big 4M Mill. 12:40 A Great Resource for Heap Leaching. 14:16 Good Geology gives you Good Surprises. 14:42 Is a redesigned stripping ratio helping reduce costs? 16:46 A better stripping ratio is always good. 17:09 All about cost savings. 17:39 Is the upgrade on the PFS numbers expected? 18:33 The 54% question. 19:30 What does Mark think of the gold price, going forward? 21:31 What will the potential be from future drilling? 23:39 Abujar is in Elephant country. 26:47 Thoughts on ESG for Tietto. 29:28 The Key to Tietto success is savings on Drilling. 31:08 Main difference between Tietto and other near-producers is the ability to drill cheaply. 32:00 Mark's Words of Wisdom. 32:59 Conclusion PODCAST About Tietto Minerals Limited (ASX: TIE) Tietto Minerals Limited (ASX: TIE) is focused on fast-tracking the development of the Abujar Gold Project in Côte d’Ivoire, West Africa, targeting the first gold in Q4 CY2022. Following an aggressive drilling campaign, Tietto announced an increase in its Mineral Resource Estimate at the Abujar Project in July 2021. This included growth in gold resources to 87.5Mt @ 1.2 g/t Au for 3.35Moz, including: AG mineral resources total 50.3Mt @ 1.5 g/t Au for 2.45Moz (+7% oz Au) APG mineral resources total 36.7Mt @ 0.7 g/t Au for 0.87Moz (+24% oz Au) These results boost the Abujar Indicated Resources by 49% to 43.4Mt @ 1.3 g/t Au for 1.85Moz of contained gold, representing more than 55% of the Abujar project ounces. Tietto has a 50,000m diamond drilling program underway targeting de-risk and resource growth using its fleet of six diamond drill rigs. The program includes: Infill drilling at AG targeting the first two years of production. Resource growth from drill testing of targets located within a 10km radius of the proposed AG mill. Drill testing high priority regional targets. Tietto is rapidly advancing Abujar's development with an early work program including front end engineering and design (FEED) and site and camp construction underway. In April 2021, Tietto completed the Abujar Gold Project Pre-Feasibility Study (PFS) for an open-pit 3.5Mtpa operation. Highlights included: Forecast annual production of 200,000 ounces gold in first year of production; more than 168,000 ounces per annum over the first 6 years of project Maiden Open Pit Probable Reserves of 15.7Mt ROM at 1.7 g/t Au for 860,000oz (over 65% conversion of Indicated Resources) LOM mining inventory inclusive of Ore Reserves of 9Mt ROM at 1.5 g/t Au for 1.1Moz2 at Average All‐in Sustaining Costs (AISC) of $839/oz 2.8 year payback from the commencement of construction on $230 million CAPEX (including pre‐production mining and contingency) Strong economics ‐ pre‐tax NPV (5%) of $363M, IRR 53% and post‐tax NPV (5%) of $266M, IRR 42% based on an average gold price of US$1506/oz. Tietto expects to deliver a Definitive Feasibility Study (DFS) for Abujar in Q3 CY2021. Abujar Gold Project Côte d’Ivoire, West Africa The Abujar Gold Project is located approximately 30km from the major regional city of Daloa in central-western Côte d’Ivoire. It is close to excellent regional and local infrastructure to facilitate exploration and development being only 15km from the nearest tarred road and grid power. The Abujar Gold Project is comprised of three contiguous tenements with a total land area of 1,114km2, of which less than 10% has been explored. It features an NNE‐orientated gold corridor over 70km striking across three tenements. In April 2021, Tietto announced the results of the Abujar Gold Project Pre-Feasibility Study (PFS) for an open-pit 3.5Mtpa operation. Highlights included: Forecast annual production of 200,000 ounces gold in the first year of production; more than 168,000 ounces per annum over the first 6 years of the project; Maiden Open Pit Probable Reserves of 15.7Mt ROM at 1.7 g/t Au for 860,000oz (over 65% conversion of Indicated Resources) LOM mining inventory inclusive of Ore Reserves of 22.9Mt ROM at 1.5 g/t Au for 1.1Moz at Average All‐in Sustaining Costs (AISC) of $839/oz 2.8-year payback from the commencement of construction on $230 million CAPEX (including pre‐production mining and contingency) Strong economics ‐ pre‐tax NPV (5%) of $363M, IRR 53% and post‐tax NPV (5%) of $266M, IRR 42% based on an average gold price of US$1506/oz. Full details are available in the Abujar PFS announcements. 22 April 2021 - Tietto secures SAG Mill for 3.02Moz Abujar Gold Project 3 May 2021 - Tietto rapidly advancing Abujar Gold Mine development In July 2021, Tietto increased its Mineral Resource Estimate for the Abujar Gold Project following a 54,000m diamond drilling campaign. As a result of the campaign, gold resources grew to 87.5Mt @ 1.2g/t Au for 3.35Moz: AG mineral resources total 50.3Mt @ 1.5 g/t Au for 2.45Moz (+7% oz Au) APG mineral resources total 36.7Mt @ 0.7 g/t Au for 0.87Moz (+24% oz Au) These results are an increase in indicated resources by 49% to 43.4Mt @ 1.3g/t Au for 1.85Moz of contained gold, representing more than 55% of the project ounces. Full details of the increased Mineral Resource Estimate are available in the ASX announcement dated 12 July 2021. Plans for 2021 A 50,000m diamond drilling campaign is underway targeting de-risk and resource growth using Tietto’s fleet of six diamond drill rigs. The campaign includes: Infill drilling at AG targeting the first two years of production. Resource growth from drill testing of targets located within a 10km radius of proposed AG mill. Drill testing high priority regional targets. Tietto is rapidly advancing Abujar development with an early work program including front end engineering and design (FEED), and site and camp construction underway. Tietto is targeting the first gold at Abujar in Q4 CY2022. Tietto expects to deliver a Definitive Feasibility Study (DFS) for Abujar in Q3 CY2021. About Mark Strizek Executive Director Mr. Strizek has more than 20 years of experience in gold exploration, resource development and operations of open pit and underground projects ranging from the Kalgoorlie super pit to high-grade projects such as Frogs Leg in the Eastern Goldfields, Western Australia. Prior to joining ASX-listed Vital metals limited as Chief Executive Officer, Mr. Strizek was involved in the project development of mineral, coal and petroleum resources in both Australia and Papua New Guinea. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

Coffee with Samso Episode 115 with Jay Upton, Managing Director of Sprintex Limited (ASX: SIX) is all about the EV story that investors have missed and ignored. This episode of Coffee with Samso is all about the real story of No Emission. The investment narrative has focused on the raw materials, but we have been telling readers and viewers of Samso that it is actually about No Emission. We now know Sprintex as a company that designs and manufactures clean air compressors. The strategy as we discussed in the first Coffee with Samso - Green Engineering - Green and Efficient Technology - Sprintex Limited (ASX: SIX) - Episode 92 - is moving towards newer renewable and clean energy technologies for automotive and other industries. This new core business is now a reality. Sprintex has now secured the first part of the business in the latest announcement of a supply of a minimum of RMB30M (equivalent to AUD6M) over two years. This is a minimum supply and according to Jay Upton, this is likely to be a bigger number. Chapters 00:00 Introduction 06:16 The Green Engineering Story 07:45 The Sprintex Story 09:14 It is all about Efficiency. 11:06 The ESG Efficiency 13:04 Difference between Electric, Hybrid and Hydrogen Vehicles. 22:27 Sprintex is providing the Solution of Zero Efficiency. 23:46 Floodgate of opportunities for Sprintex. 24:48 Sprintex has arrived. 27:41 Rome was Not Built In One Day. 30:27 Last words from Jay. 31:13 Conclusion PODCAST About Jay Upton Managing Director Jay (Jude) Upton has a broad range of business managerial and technical engineering experience gained over a 20-year period working in the international automotive industry where he has amassed a network of international industry contacts. Prior to this, Jay gained a further 20 years’ experience in engineering management in the heavy mobile equipment sector and in both industrial and automotive high-performance engine engineering. Jay was the Chief Technology Officer of the Company from 2011-2016 and he was the Technical Consultant in 2019. During this period, Jay was responsible for all technical development within the Company and is recognised as the inventor on two international supercharger patents assigned to the Company. In addition, during this period, he performed technical presentations to, and commercial negotiations with, vehicle manufacturers in ASEAN, China, Japan, USA, Europe and Australia. He also worked with the Managing Director on business strategies, corporate presentations and capital raisings. From 2012 to 2017, Jay was employed at Proreka Sprintex (a 50% owned subsidiary of the Company) and was instrumental in both the selection of the location for Sprintex's offshore manufacturing and the establishment of Proreka Sprintex. Working closely with the CEO of AutoV (the Company’s Joint Venture partner and the other shareholder of Proreka Sprintex), Jay oversaw the selection and procurement of the manufacturing equipment and the building of the manufacturing facility in Malaysia. As Director of Business Development of the Company from 2007 to 2011, Jay was responsible for the establishment and setup of Sprintex USA Inc. (a wholly owned subsidiary of the Company) and acted as secretary of Sprintex USA Inc. for regulatory purposes. He oversaw market development in the USA, Middle East, South Africa and China and was responsible for commercial agreements with OEMs, suppliers, distributors and dealers in multiple jurisdictions. Prior to this, from 2004-2007, Jay was the General Manager of the company at which time he was responsible for the initial setup of the operations and for day-to-day management of all operational and technical functions. From 2000-2004, Jay was the General Manager of the Automotive Division of Advanced Engine Components Limited (now known as Ookami Limited) where he carried out the day to day management of both Sprintex and Bullet Supercars (Qld), including overseeing emissions and full vehicle compliance of a high-performance sports car for Australian production. About Sprintex Sprintex Limited (ASX:SIX) is an automotive engineering, research, product development and manufacturing company. It is is a leading designer, developer and manufacturer of oil free twin screw compressors for automotive and clean-air industrial applications. With origins in the UK, Sprintex Limited was incorporated in Australia in November 2003 and listed on the ASX in July 2008 (ASX SIX). The company is headquartered and operates an R&D facility in Perth Western Australia. Sprintex designs and manufactures superchargers for use in a wide variety of combustion engines and is currently focused on the development and commercialisation of the Sprintex® twin screw supercharger, and supercharger systems incorporating the Sprintex® twin screw supercharger, in the automotive aftermarket and original equipment manufacturer (OEM) market in Australia, Asia, Africa, the Middle East and the United States of America. The company operates a wholly owned subsidiary in Malaysia which forms its main manufacturing base, a wholly owned subsidiary in USA, primarily servicing the automotive aftermarket and has recently added a further wholly owned subsidiary in China, primarily to explore opportunities in the clean energy sector including hydrogen fuel cells, waste water recycling and other clean air industrial applications. The China facility will engage in R&D and manufacturing for electric drive compressors and controls for various applications. Sprintex Limited is quality assured to ISO 9001-2008, its Malaysia operations are certified to ISO 9001-2015 and operate under ISO 14001 environmental standard and TS16949 automotive component standard. 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 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 partners with Brilliant-Online where our investment stories are featured. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Read Brilliant Investments.

Coffee with Samso Episode 114 is with Scott Williamson, Managing Director of Blackstone Minerals Ltd (ASX:BSX) To complete the Blackstone Special Series of Coffee with Samso, Scott Williamson from Blackstone Minerals Limited (ASX:BSX) shares with us the feedback about the recent videos. The Blackstone Story has been a very intriguing one and audiences have been following Samso's Special Series on Blackstone closely for insights into how the company works and its developments. Today I had a great chat with Scott about the How and Why behind the interaction of the audience with the videos. Scott shares with us how the videos have worked by spreading the messaging to potential investors and stakeholders. The Special Series for Blackstone has been a great initiative to showcase all the important parts of the Blackstone Business. The messaging starts with Tessa Kutscher who spearheads the branding. Tessa shapes the message of the business and this is what the public sees and hears, so it is at the top of the value chain. As you look into the story, the first part may have been the messaging but that message is nothing without the other parts of the business, for example, the Social and Environmental compliance, the downstream business that delivers the product and finally the upstream source of resources. What Samso's Special Series for Blackstone has delivered is that the business is a working A-Team only because of the people and their passion for the business. Tune in to find out how Blackstone Minerals positions itself in the EV battery market in Vietnam. Chapters 00:00 Start 00:24 Introduction 00:59 Feedback on the Special Series. 02:09 What are investors and the Market saying about the Blackstone Story? 04:46 The strength of telling the story. 07:47 What are the markets saying about the confidence of the markets? 11:05 Is Vietnam receptive to the Blackstone Story? 13:28 Hydro-Power in Vietnam. 16:50 Electrifying the mining fleet. 19:10 Was there any pushback when Scott started in social media? 24:14 Why is this sector still not hungry in digital promotions? 26:31 Cost of change, in reality, is not as large as perceived. 28:45 The danger of no sound from electric fleets. 29:24 The electric mining fleet has been around for a long time. 29:50 What is the time frame to the end of DFS? 31:18 What happens after the DFS? 32:24 Must potential partners be doing DD now? 33:59 How bad is the supply issue? 35:28 Reason why I like Blackstone. 36:27 Funding is all about the highest bidder. 37:32 The market sentiment of Blackstone Minerals Limited. 39:20 Summary PODCAST About Scott Williamson Managing Director Blackstone Minerals Limited Qualifications: BEng (Mining), BCom, MAusIMM Scott Williamson is an experienced Managing Director with a demonstrated history of working in the mining and metals industry. He is skilled in Open Pit and Underground Mining, Corporate Finance, Investor Relations and Project Planning. A strong business development professional with equity capital markets experience, Scott graduated from West Australian School of Mines and Curtin University of Technology. Scott holds a WA First Class Mine Manager’s Certificate and is a member of the Australasian Institute of Mining and Metallurgy. About Blackstone Minerals Limited Blackstone Minerals Limited (ASX: BSX) is developing the district-scale Ta Khoa Project in Northern Vietnam where the company is drilling out the large-scale Ban Phuc Nickel-PGE deposit. The Ta Khoa Nickel-PGE Project has existing modern mine infrastructures built to International Standards including a 450ktpa processing plant and permitted mine facilities. Blackstone Minerals also owns a large landholding at the Gold Bridge project within the BC porphyry belt in British Columbia, Canada with large scale drill targets prospective for high-grade gold-cobalt-copper mineralisation. In Australia, Blackstone Minerals is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone Minerals has a board and management team with a proven track record of mineral discovery and corporate success. The Ta Khoa Nickel-Copper-PGE Project The Ta Khoa Nickel-Copper-PGE Project is located 160 km west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. In the Ta Khoa Nickel-Copper-PGE Project, previous project owners invested more than US$136m in capital and generated US$213m in revenue during a 3.5-year period of falling nickel prices. The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years. Existing infrastructure associated with the project includes an internationally-designed 450 ktpa processing plant connected to local hydro grid power with a fully-permitted tailings facility and a modern 250-person camp. Since commencing maiden drilling in August 2019, Blackstone Minerals has made significant progress at Ta Khoa, drilling over 9,000 m of diamond core in more than 47 holes into the Ban Phuc DSS deposit and the highly prospective King Cobra discovery zone. An initial scoping study evaluating mining and processing options is well advanced, including potential in-country downstream processing to deliver high-value nickel sulfate into Asia’s rapidly expanding electric vehicle (EV) industry. The recently announced MOU with Asia’s largest and the world’s second-largest EV battery cathode manufacturer, Ecopro BM Co Limited represents a significant step towards making this a reality. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso stories are also featured on Brilliant-Online. Read their investment column and subscribe to Brilliant-Online so you don't miss a beat.

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.

Coffee With Samso Episode 116 with Jason Stirbinskis, Managing Director, Los Cerros Limited (ASX: LCL) on why he is excited about the prospect of finding a Tier-1 gold porphyry deposit in Columbia. The Los Cerros Limited (ASX: LCL) story is one that I am pretty sure not many ASX investors would look for in the market. In today's Coffee with Samso, we learn about a high-grade gold porphyry that could make Los Cerros a Tier 1 player in the land of giants. There is a significant moment happening now as Los Cerros moves towards drilling a high chargeable target that is between two significant prospects, Miraflores and Tesorito. The moment of truth may be near as drilling continues. We told the market that we may have a potential core of mineralisation between Miraflores and Tesorito. The geophysics is now backing this theory. What I like about Los Cerros is that this is looking like a high-grade gold porphyry which is not that common. Most porphyries that I have come across have been a copper-gold system. Jason tells us that this is looking like gold dominated but there is significant evidence that a polymetallic nature may be present as well. Tune in to find out how Jason Stirbinskis intends to take Los Cerros into the land of giant gold porphyry deposits. Chapters 00:00 Start 00:20 The Los Cerros Story. 01:48 Porphyries in Colombia. 03:43 The Colombian Porphyries. 05:27 Los Cerros is a Gold Porphyry. 06:30 Are the younger rocks easier to explore? 08:06 The Belt is well endowed. 10:22 Is there a major structure defining the mineralisation? 12:10 Clustering of deposits. 14:04 The Tesorito Announcement. 15:49 What is the significance of the geophysical anomaly? 17:09 What if the geophysical highs do not represent mineralisation? 18:14 How big can the project get? 20:20 Looking for elephants. 21:30 Are there any high-grade results from the surface? 23:17 How do you choose which good project to start with? 26:24 Is the structure complicated? 27:37 What is the mineralised width of these porphyries? 28:49 Has there been any metallurgical work done? 29:48 Where are the investors coming from in your latest Capital Raising? 31:10 Are you feeling that Australian Investors don't know the Porphyry story? 32:30 How do you evaluate "Good" intercepts in your drilling, from a Porphyry context? 34:03 Difference between Australian Porphyries and others. 34:56 What are the news for investors? 36:00 How is Los Cerros doing ESG? 37:51 Lucky Find. 38:56 What is the jurisdiction question for Colombia? 41:07 Conclusion PODCAST About Jason Stirbinskis Managing Director BSc, MBA Jason was appointed Managing Director on 16 August 2019 as part of Los Cerros merger with Andes Resources where he also held the role of Managing Director. Originally a Geologist, Jason Stirbinskis is a Corporate Executive with 12+ years’ experience leading both private and public companies in the mining and mining services space. He is experienced across a number of commodities including gold, zinc, lead, copper, and nickel and has managed projects ranging from greenfield to DFS/Development in West Africa, Scandinavia, Australia and Central Asia. Jason is well networked across international and Australian capital markets and skilled in leading multidisciplinary, international teams. About Los Cerros Limited Los Cerros Limited (ASX: LCL), incorporated in Australia, is an ASX listed exploration and mining company. In August 2019 Metminco Ltd merged with Andes Resources Limited to form Los Cerros Limited and resulting in a dominant position within the Andes and Quinchia regions of the Mid-Cauca Gold belt. Across the ~100,000ha portfolio of applications and granted titles, projects range from multiple early-stage exploration, through to advanced projects including feasibility. Los Cerros primary focus is the Quinchia Gold Portfolio, which is located in Colombia’s Mid- Cauca Belt, and has a JORC compliant Resource 1.3Moz made up of 0.84Moz of gold (Measured+Indicated) and Reserve of 0.547Moz of gold at the Miraflores site and ~0.46Moz of Inferred Resource at the Dosquebradas site. The 10,500ha Quinchia Project contains a number of gold deposits and significant exploration and development targets including Miraflores, Tesorito, Chuscal and Dosquebrada. Los Cerros Andes Gold Portfolio consists of a 90% interest in ~85,000ha of tenements also within the Mid-Cauca belt and including 3 granted titles. Only ~10% of the expansive portfolio has been systemically explored but already delivered 12 vein-type gold/silver targets and multiple gold/copper porphyry targets. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso

Rooster Talk Episode 49: Ed Turner, CEO, Kingwest Resources Limited (ASX:KWR) shares with us the commercialisation of Menzies and raising further capital to consolidate the Sir Laurence Discovery. Kingwest has pulled off a great deal in getting cash flow from their Yandaga asset. Ed mentions that the company has completed a $4M capital raise which will go into solidifying the recent Sir Laurence discovery. The JV announcement recently means that the company can now look forward to creating future cash flow while they continue to create discoveries. The terms of the JV means that Kingwest does not need to find capital to deal with the mining. To add sweetness to the deal, they are paid a fee of AUD1M for the right to do the work (Mining and Processing JV to see Gold Production Recommence at Menzies). Now that is a good deal. Watch this Rooster Talk with Ed Turner below. Chapters 00:00 Start 00:20 Introduction 00:54 Ed Turner Updates 01:51 Update on the Mining JV. 03:21 The Good News of monetising Menzies. 04:20 What is the Capital Market telling Ed? 05:22 The outlook for Gold is still good. 05:50 The margin of mining Gold is still good. 06:14 Update on the current drilling activities. 07:52 Conclusion About Kingwest Resources Limited and its Menzies Gold Project Kingwest Resources Limited (“Kingwest”) is a mining and exploration company focused primarily on gold exploration in the Eastern Gold Fields Region of Western Australia. It will aggressively explore for and extract gold in a mix of advanced, intermediate, and greenfield projects within this highly prospective district. With a new team on board and new projects, Kingwest is redirecting its focus on developing the highly prospective Menzies Gold Project. The Menzies Gold Project contains some of the highest-grade historic production in the Eastern Goldfields with the five underground mines producing between 16g/t and 32g/t Au over their respective life of mine for a total of 650,000 oz @ 22.5g/t. The last underground mining ceased in 1943 and there has been limited drilling beneath the historic workings since then. Open Pit mining during the 1990s before the collapse of the gold price in 1999 also produced 145,000 oz at a high-grade average of 2.6g/t Au. A relatively shallow resource comprising 2.42Mt at 2.2g/t Au for 171,300 oz (using 1g/t cut off) has been estimated in recent years. However, the best future economic potential is in targeting the high-grade mineralisation that remains open at depth beneath every deposit. Ed has been a constant participant on Coffee with Samso and Rooster Talk and I felt that it is a good time to get some updates on Kingwest. Recent results on the drilling are shaping the Menzies Project into a real winner for shareholders. Listen to the podcast below as Ed shares the significance of the recent drilling and how the gold resources have doubled since they took on the project. The recent capital raising and the selling of non-core assets have really boosted the bank balance, allowing the company to take on further drilling and making mining of the resource a reality. Podcast About Ed Turner BSc (Hons), MAusIMM Ed is a geologist with 30 years of experience throughout Europe, South America, Africa and Australia in a range of roles encompassing base, precious and speciality metals for leading mining companies. Technical strengths include exploration, underground mining, resource estimation, feasibility studies and development level work. Ed was previously engaged as the CEO and General Manager of Exploration of Geology for Galena Mining Limited where he delineated the high-grade Abra lead-silver deposit that is shaping up to be a highly profitable mine development. Tune in for more Menzies Goldfields updates The recent M&A activity within the Eastern Goldfield gold producers is proof that if you cannot find more resources, you just buy them. It's true, play the video below to find out more. Ed Turner from Kingwest Resources Limited (ASX: KWR), returns to talk about the progress of the company at the Menzies Gold Mining District. Kingwest's recent drilling has increased the gold resources and confirmed extensions to the existing orebodies raising capital of AUD3.5M. COVID-19 has not affected Kingwest's fieldwork and Ed announced high grade of gold deposits. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share this Rooster Talk If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact Samso. About Samso