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Rooster Talk Episode 34 with Andrew Radonjic, Managing Director - Venture Minerals Limited (ASX: VMS) Venture Minerals ticked all the boxes and is taking the company to being a producer and realising up to AUD100M of value. The first Coffee with Samso - A Targeted Diversified Mineral Explorer - Venture Minerals Limited (ASX: VMS) was published on 26th October 2020. When we started that journey with the company, there was not a lot of value being placed on the Riley's hematite project in Tasmania . Things have changed a lot since then with a rising iron ore price to a near all time high. Today, Andrew Radonjic shares with us: the significance of the latest announcement on the Riley's hematite project the long awaited journey to mining an iron ore mine the challenges of getting all the team in place to make the mining process possible when will the company see cashflow and what will mining mean to the company. This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). PODCAST About Andrew Radonjic Mr. Radonjic is a geologist and mineral economist with over 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia. Mr. Radonjic began his career at the Agnew Nickel Mine before spending over 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie. He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of over 1 million ounces. About Venture Minerals Limited Venture Minerals Limited is currently exploring in Western Australia for Copper-Lead-Zinc at the Thor Prospect, Nickel-Cobalt at the Pingaring Project (adjacent and along strike to the Quicksilver Nickel-Cobalt discovery), Nickel-Copper (new target) at the Odin Prospect and Nickel-Copper-Cobalt at the Caesar Project . Recently the maiden drilling program at Thor intersected massive sulfides confirming the Copper-Lead-Zinc target is a 20 a kilometre VMS style system. Thor is now a top priority target for Venture moving forward. The Company's initial focus was on realising the full economic potential of the Mount Lindsay Tin-Tungsten Deposit in North-West Tasmania. The Company has already defined one of the world's largest undeveloped tin deposits and has completed a Feasibility Study on Mount Lindsay. The emergence of tin as the metal most impacted by new technology through its use in Electric Vehicles has refocused Venture’s approach to developing this asset and an underground scoping study is currently underway. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook . About Rooster Talk Rooster Talks are conversations with industry experts about market insights, trends, and learnings that benefit businesses across all sectors in the Australian Stock Exchange. If you find this Rooster Talk 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 at noel.ong@samso.com.au . About Samso

Coffee with Samso Episode 65 with Scott Patrizi, Executive Director of Caprice Resources Limited (ASX: CRS) Caprice Resources Limited (ASX: CRS) has landed itself a potential high-grade gold project in the Murchison Goldfields. The Island Gold project is one of the projects that has had a long and hard life to get to this stage. For Caprice Resources, this is a good thing. Scott shares with us the story about how this project landed in the company and why there is so much potential that has not been revealed. In late 2020, when I came across this company and the project, I made contact with Adam Miethke, who is a non-executive director of Caprice Resources. Adam is also the Managing Director of Discovery Capital Partners. I wanted to learn more about the project and when the company agreed to come onto Coffee with Samso, I was thrilled as I felt that the Island Gold project is unique. With the current buoyant nature of the market, these hidden projects are finally able to surface and many people are going to be surprised by their potential. In this episode of Coffee with Samso, Scot has shared with us the potential of the Island project and also their Northampton project. The Northampton project is a base metal play but like many projects, it has some issues. Nonetheless, the geology is fantastic. Time will tell how everything pans out but if the company has enough faith to pursue its mandate, i.e. to drill and find a deposit, shareholders can be assured that this is a decent project with some real numbers. PODCAST About Scott Patrizi Executive Director Caprice Resources Limited Mr Patrizi is a corporate director with strong equity capital markets and project acquisition experience. Mr Patrizi holds a Bachelor of Commerce from the University of Western Australia. Mr Patrizi was formerly the Executive Director at Matador Mining Limited (ASX: MZZ) and a Non-Executive Director of Rarex Limited (ASX: REE) and Elixir Petroleum (ASX: EXR). Mr Patrizi worked across a wide range of industries including mining, oil and gas, healthcare, and education providing merger and acquisition, valuation and due diligence services. Mr Patrizi previous employment history includes working for Argonaut Limited, a full service advisory, stockbroking and research and investment house focused on clients in the natural resources sector as well as for Big Four accounting firm Deloitte. About Caprice Resources Limited Caprice Resources Limited (ASX:CRS) is focused on the exploration of mineral assets in Australia. We are a gold and base metals focused exploration company, with our Island Gold Project in the Cue Goldfield, the Northampton Project and the Wild Horse Hill Project. Caprice was attracted to these projects due to their prospective geological setting within proven mineralised belts. The Island Gold Project The Island Project covers 21km2 of highly prospective tenure in the richly endowed Cue Goldfield and contains many of the historic gold mines of the Lake Austin gold mining centre and comprises two granted mining leases and one exploration license (M21/66, M21/140 and E21/186) covering the New Orient, The Island and North Island properties. The Project lies adjacent to the Great Northern Highway and is located 630km north of Perth, 60km north of Mt Magnet and 20km south of Cue. The Island is an Archaean basement high within Lake Austin. It is dominated by intercalated mafics and multiple BIF structures striking roughly north-northeast. There is an extensive metagabbro intrusive in the central part of the project area directly north of the Baxter’s / Golconda area. This intrusive appears irregular and is strongly weathered and possibly altered. Quartz veining is present associated with supergene mineralisation and as quartz reefs. There are several shear zones present with a dominant north-easterly trend. These shears show variable displacement and deform the BIF with tight drag folding common in the shear zones. These shear zones and associated folding appear to be an important control on mineralisation and the folding of the BIF is often associated with higher grade mineralisation. There are extensive workings present throughout the Project area with the strongest concentration on the Golconda-Vadrian Hill trend. The alignment of these workings forms a strong north-easterly trend that is interpreted to be a major influence on the distribution of gold mineralisation in the area. The trend is thought to represent a strong structural corridor that has deformed the BIF and allowed strong fluid flow during periods of mineralisation. This trend is repeated throughout the project area aligning various workings and anomalous gold result. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso

Coffee with Samso Episode 67 with Ed Turner, CEO of Kingwest Resources Ltd (ASX:KWR) The realisation of establishing a gold mining province within the company's portfolio is gaining momentum with the latest results from the Goongarrie project. Mineral Exploration has always been about taking the risk to drill projects. There is a humorous saying in our industry that one should never drill a perfectly good project. However, jokes aside, finding a province or a good concept is an acquired skill coupled with a (big) stroke of luck. Kingwest has a province to work from and the Goongarrie project has always been the blue sky. Ed Turner and I talked about this in our very first Coffee with Samso back in October 2019, Coffee with Samso - Episode 025 - The Menzies Goldfields, however, at that time, this was all nothing more than a theoretical concept. In February 2021, the reality is now apparent as more work has been done on both projects. In this episode, Ed Turner shares with us the significance of the recent drilling announcement about the Goongarrie project. We discussed the meaning of the results and the underlying prospectivity of the salt lakes. These salt lakes may play a big role in coming up with potential future ounces of gold that is synonymous with companies working in the Kalgoorlie-Menzies gold belt. PODCAST About Ed Turner 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. About Kingwest Resources Limited (ASX: KWR) 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. Focus on the Menzies Gold Project - MGP 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. 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

Coffee with Samso Episode 68 with Allan Kelly, Managing Director of Miramar Resources Ltd (ASX:M2R) Allan Kelly has created wealth for shareholders before and he is back again with Miramar Resources Limited. Allan Kelly is a guy who has done a Miramar before and took the then company Doray Minerals Limited (ASX:DRM) from being an explorer to a producer. There have been many other stories that fit this bill but when I met him at a Diggers and Dealers several years ago, I was impressed with the story of Doray. When I notice Miramar Resources, I was immediately fascinated with the projects. I was thinking that the Gidji project was a "postage stamp" (headline reader) project. Why would someone like Allan Kelly bother with this? I also heard that the IPO was oversubscribed and it did well post IPO when it got listed in October 2020. As soon as this Coffee with Samso was confirmed, I was keenly anticipating a great conversation. Well, to say the least, this has turned out to be one of the best conversations about exploration and why exploration can add value to a company faster and greater than most investors would realise. In this episode of Coffee with Samso, Allan shares with us the value of exploration. He tells about how many times he has seen good exploration creating so much value for shareholders. Most importantly, he gives a great conversation of the projects in Miramar and why Gidji is such a great project. This is a great conversation about why people like me love exploration. I think it is the same feeling that any explorers or travellers get when they have that sensation of seeing new things and realising the discovery is upon their sights. PODCAST About Allan Kelly Executive Chairman Mr. Kelly is a geologist and manager with over 25 years’ experience in mineral exploration, development and production throughout Australia and the Americas. Mr. Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early-stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd. In 2009, Mr. Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr. Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014. In 2014, Mr. Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr. Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits. Mr. Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Institute of Brewing and Distilling (IBD). About Miramar Resources Limited (ASX:M2R) Miramar Resources Limited is a Western Australian focussed mineral exploration company with projects in the Eastern Goldfields, the Murchison and Gascoyne regions. The portfolio of exploration projects has high potential for new gold discoveries within trucking distance of existing operations and for the discovery of nickel-copper-platinum group element (PGE) mineralisation. Miramar aims to create shareholder value through discovery and the Board has a proven track record of successful discovery, development and production. Latest ASX Announcements High grade gold at Gidji upgrades aircore 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. 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

Coffee with Samso Episode 69 with Barry Cahill, Executive Director of Cyprium Metals Limited (ASX:CYM) Cyprium Metals is now a copper producer having acquired the Nifty Copper Mine and Maroochydore Copper project. When I was preparing for this Coffee with Samso, Cyprium had a AUD20M market capitalisation. That same morning, Cyprium announced the acquisition which will make them a producer in 2022. What their market capitalisation will be after this move will become very clear in the coming week. I have been a copper bull for a long time and I am very interested in what this company can do with these projects. Barry Cahill comes from a strong history of making projects like this work and hearing him speak gives me the same confidence. He has a wealth of experience and this new challenge will see him working hard for the next few years. From what I can tell, the new story for Cyprium is going to make them a lone sailor in this sector of the copper market. I cannot think of another company that can produce metal in 18 months and with a large exploration potential. Barry Cahill shares with us his thoughts and passion on the path forward. PODCAST About Barry Cahill Executive Director Mr. Cahill is a mining engineer with over 30 years’ experience in exploration, operational mining and management. In particular, his experience covers management of project development and construction from exploration drilling through project funding, commissioning and development. He was the Managing Director of Finders Resources Limited from 2013 until its takeover in 2018. Mr. Cahill has previously been executive director of a number of public companies including operations director at Perilya Limited and Managing Director of Australian Mines Limited and Norseman Gold Plc. About Cyprium Metals Limited (ASX:CYM) Cyprium Metals Limited (ASX: CYM) is an ASX listed company with copper projects in Australia. The Company has a highly credentialed management team that is experienced in successfully developing sulphide heap leach copper projects in challenging locations. The Company’s strategy is to acquire, develop and operate mineral resource projects in Australia which are optimised by innovative processing solutions to produce copper metal on-site to maximise value. The Company has projects in the Murchison and Paterson regions of Western Australia that is host to a number of base metals deposits with copper and gold mineralisation. Paterson Copper Projects This portfolio of copper projects comprises the Nifty Copper Mine, Maroochydore Copper Project and Paterson Exploration Project. The Nifty Copper Mine (“Nifty”) is located on the western edge of the Great Sandy Desert in the north-eastern Pilbara region of Western Australia, approximately 330km southeast of Port Hedland. Nifty contains a 2012 JORC Mineral Resource of 732,200 tonnes of contained copper (i). Cyprium is focussed on a heap leach SX-EW operation to retreat the current heap leach pads as well as open pit oxide and transitional material. Studies will investigate the potential restart of the copper concentrator to treat open pit sulphide material. The Maroochydore deposit is located ~85km southeast of Nifty and includes a shallow 2012 JORC Mineral Resource of 486,000 tonnes of contained copper (ii). Aeris Resources Limited (ASX: AIS, formerly Straits Resources Limited) holds certain rights to “buy back up to 50%” into any proposed mine development in respect of the Maroochydore Project, subject to a payment of 3 times the exploration expenditure contribution that would have been required to maintain its interest in the project. An exploration earn-in joint venture has been entered into with IGO Limited on ~2,400km2 of the Paterson Exploration Project. Under the agreement, IGO is to sole fund $32 million of exploration activities over 6.5 years to earn a 70% interest in the Paterson Exploration Project, including a minimum expenditure of $11 million over the first 3.5 years. Upon earning a 70% interest, the Joint Venture will form and IGO will free-carry Paterson Copper to the completion of a pre-feasibility study (PFS) on a new mineral discovery. Murchison Copper-Gold Projects Cyprium has an 80% attributable interest in a joint venture with Musgrave Minerals Limited (ASX: MGV) at the Cue Copper-Gold Project, which is located ~20km to the east of Cue in Western Australia. Cyprium will free-carry the Cue Copper Project to the completion of a definitive feasibility study (DFS). The Cue Copper-Gold Project includes the Hollandaire Copper-Gold Mineral Resources of 51,500 tonnes contained copper (iii), which is open at depth. Metallurgical test-work has been undertaken to determine the optimal copper extraction methodology, which resulted in rapid leaching times (refer to 9 March 2020 CYM announcement, “Copper Metal Plated”, https://cypriummetals.com/copper-metal-plated/). The Nanadie Well Project is located ~650km northeast of Perth and ~75km southeast of Meekatharra in the Murchison District of Western Australia, within mining lease M51/887. The Cue and Nanadie Well Copper-Gold projects are included in an ongoing scoping study, to determine the parameters required to develop a copper project in the region, which provides direction for resource expansion work. (i) Refer to CYM ASX announcement dated 17 November 2021 “Updated Nifty Copper Mineral Resource Estimate” (ii) Refer to MLX ASX announcements: 10 March 2020, “Nifty Copper Mine Resource Update” and 18 August 2016, “Annual Update of Mineral Resources and Ore Reserves” (iii) Refer to CYM ASX announcement: 29 September 2020, “Hollandaire Copper-gold Mineral Resource Estimate” Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso

Coffee with Samso Episode 73 is with Andrew Radonjic, Managing Director - Venture Minerals Limited (ASX: VMS) The time may be coming for Critical Metals and those like Venture Minerals will be best placed to take advantage of the changing sector. I have been a fan of tin since about 2002 (and tungsten in 2012) when I started to get serious about the corporate side of the Australian Stock Exchange (ASX). I was looking at several places, such as Tasmania, Indonesia, Malaysia and Burma. Tin has been one of the higher-priced metals but the market has not been good. It was highly manipulated in the Malaysian dominance time and I think it has not been well since then. I do not know the reason for the recent rise in tin pricing but it seems to have a lot of legs as the spot price is nearly USD30,000 per tonne. This is definitely worth noting as the world prepares itself for the EV revolution. Andrew Radonjic shares with us Venture's Mount Lindsay Tin and Tungsten project. The project is in the Western part of Tasmania, Australia. What is unique about this project is that a Bankable Feasibility Study was completed in 2012 which is the best proof of concept. If you want to know something about this project, you must make yourself a cup of good coffee and spend the next 45 minutes taking notes. You will not be disappointed as Andrew tells us all about the value that gave the company a AUD100M market capitalisation in 2012. This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). PODCAST About Andrew Radonjic Mr. Radonjic is a geologist and mineral economist with over 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia. Mr. Radonjic began his career at the Agnew Nickel Mine before spending over 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie. He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of over 1 million ounces. About Venture Minerals Limited Venture Minerals Limited is currently exploring in Western Australia for Copper-Lead-Zinc at the Thor Prospect, Nickel-Cobalt at the Pingaring Project (adjacent and along strike to the Quicksilver Nickel-Cobalt discovery), Nickel-Copper (new target) at the Odin Prospect and Nickel-Copper-Cobalt at the Caesar Project. Recently the maiden drilling program at Thor intersected massive sulfides confirming the Copper-Lead-Zinc target is a 20 a kilometre VMS style system. Thor is now a top priority target for Venture moving forward. The Company's initial focus was on realising the full economic potential of the Mount Lindsay Tin-Tungsten Deposit in North-West Tasmania. The Company has already defined one of the world's largest undeveloped tin deposits and has completed a Feasibility Study on Mount Lindsay. The emergence of tin as the metal most impacted by new technology through its use in Electric Vehicles has refocused Venture’s approach to developing this asset and an underground scoping study is currently underway. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Coffee with Samso Episode 72 with Tim Wither, Managing Director of Maximus Resources Limited (ASX:MXR) Maximus Resources Limited (ASX: MXR) is working on the company making Wattle Dam Gold Mine. The Wattle Dam story comes with a bit of history. I actually made a weak attempt to bid for the project way back in 2009 on some of the adjacent tenements but that never came to pass. In my opinion, within the Kambalda region, comparatively, the Wattle Dam area is one of the least active. There is no doubt that this whole region has been one of the best nickel hunting places. The Widgiemooltha Dome has been a classic hunting ground for nickel and this sits just south of the tenements held by Maximus Resources Limited. In 2020, the mineral exploration sector experienced one of the best years for capital funding. If I am not wrong, I could go as far as saying that this is one of the best years of capital allocation in this sector for many decades. I feel that this rush for good projects has allowed companies to finally drill projects that could unearth the next bag of mines. Broad zones of intercept confirms that the area has the potential to produce another Wattle Dam. The latest drill results of 16m @ 9.3 g/t and 5.8m @ 10.1 g/t confirms that there is another Wattle Dam to be discovered. In this episode, Tim Wither tells us what is happening with the company and why he believes that the projects within the company are geared for better things to come. The exciting part is the potential for gold and nickel in a portfolio of tenements that have not had a lot of work done. PODCAST About Tim Wither Managing Director Maximus Resources Limited Tim Wither is a mining executive with over 20 years experience in the resource sector, both domestically and internationally, with key involvement in the development of several greenfield base metal projects. Mr Wither has held various senior executive and strategic leadership roles in Australia, India, Africa, South America, with publicly listed companies on both the ASX and TSX. Tim is a graduate of the Australian Institute of Company Directors and holds an MBA from Curtin Graduate School of Business, Graduate Diploma of Mining, Graduate Diploma in Natural Resource Law, as well as a Bachelor of Science in Mine Engineering and Surveying from the WA School of Mines. He is also a candidate for Master of Commercial and Resources Law at University of WA. About Maximus Resources Limited Maximus Resources (ASX:MXR) is a junior mining explorer with tenements located 20km from Kambalda, Western Australia’s premier gold and nickel mining district. Maximus Resources' Spargoville tenements are located in the heart of Australia’s premiere gold and nickel mining district – just 25km from Kambalda, Western Australia. Home of the very high-grade historic Wattle Dam Gold Mine, the Spargoville tenements are readily accessible and are located less than 50km from six gold processing plants and just 25km from BHP’s Kambalda Nickel Concentrator. Mined until 2012, the Wattle Dam Gold Mine was one of Australia’s highest-grade gold mines, producing ~286,000 oz gold @ 10.1 g/t gold. The focus of Maximus Resources is the discovery of the next Wattle Dam Gold Mine. Maximus Resources has been granted 48 sq km of mining licences and has gold rights across a further 60 sq km along the very fertile Spargoville Shear Zone, hosting multiple significant gold and nickel deposits. The Wattle Dam Gold Mine Project The Wattle Dam gold deposit is one of Australia’s highest-grade gold mines, hosted in sheared and metamorphosed ultramafic rocks and interflow sedimentary units. Historical production from Ramelius Resources (ASX:RMS) at Wattle Dam from 2008-12: Open Pit 52,700oz gold @ 5.3g/t gold Underground 213,650oz gold @ 14.9g/t gold Total 266,350oz gold @ 10.6g/t gold The high-grade ore zones at the site are vertically plunging, 80-100m in strike length and 8-15m wide. Shallow operations have mined to 365m below the surface but the finding of coarse gold veins resulted in the geological modelling under-calling contained gold. High-grade Mineralisation High-grade mineralisation within the Wattle Dam pit is associated with intense biotite alteration within komatiitic ultramafics. Chlorite / biotite / amphibole ± sulphide alteration surrounding main ore zone 40-70m wide. During mining operations at Wattle Dam areas of strong alteration and low assays were observed to contain coarse-free gold and subsequently mined to a geological envelope. Deep drilling suggests the alteration associated with the Main Zone mineralisation extends to the Spargoville shear zone. This was modelled but never drill tested. Other references https://wcsecure.weblink.com.au/pdf/MXR/02341081.pdf Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso

Coffee with Samso Episode 71 is with Mick Billing, Executive Chairman and Nicole Galloway Warland, Exploration Manager - Thor Mining Plc (ASX: THR) Recently there has been a lot of talk about the coming of a new resource revolution with uranium, copper, nickel, and lately REE, tungsten and the development of HPA. Over the last three decades that I have been involved in the resource industry, the boom-bust cycles are spoken and accepted easily. When a rising sentiment comes along, you can be sure that participants are also preparing for its end. To an extent, I get a sense that this is lesser now as most people that I have spoken to commented that this one feels different somehow. Personally, I am in the same camp and I would even go further to say that this one has a totally different vibe. There has never been a time when all levels of commodities have risen while the rich cousin, the oil and gas industry, is seriously looking like a sunset industry. In those three decades that I have been involved in this industry, I have never seen the oil and gas industry being almost totally ignored. There are activities happening but the average retail investor is too distracted with other plays in the market. When I was researching Thor Mining Plc, I was surprised at what it had in its portfolio. Their tungsten is Tier-1 in terms of grade and being in the US is going to be good. Uranium is also in the US and this has got to be a good position when the industry turns. What makes Thor stand out for me is their attitude towards ISR mining. If the ISR works, Thor will be a green producer and the world of ESG will be upon them with funding. I wrote the article "What is In-Situ Recovery (ISR)? Mining in a National Park with no Environmental Footprint" almost two years ago and this is the first time I have come across a real example. In the scheme of mining cost, ISR is going to allow Thor Mining to start mining at a significantly lower capex. With the world of green mining, this method ticks all the boxes. In-Situ Recovery, In-Situ Mining or In-Situ Leaching, according to Wikipedia, is a mining process used to recover minerals such as copper and uranium through boreholes drilled into a deposit, in situ. In-situ leach works by artificially dissolving minerals occurring naturally in a solid state. The ISR copper project in South Australia is going to re-rate this company and the market is going to be totally taken by surprise. I think this project has the most upside and it also has its challenges to show that it is environmentally sound. The good news is that this is not new technology and as Mick Billing tells us, there are "green" examples of ISR already in place. Mick shares with us how the ISR works and that there are already processes in place to use green techniques to make the whole process free from environmental issues. Take your time and watch the video as this has some "hidden" value that can quickly turn the fortune of this company. We are looking at great gold prospects in the Pilbara, world-class tungsten projects, exposure to Uranium and a potential copper and gold producer. PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Michael Robert Billing – CPA, B Bus, MAICD - Executive Chairman and CEO Thor Mining Plc (ASX:THR) Mick Billing has over 40 years of mining and agri-business experience and a background in finance, specialising in recent years in assisting in the establishment and management of junior companies. His career includes experience in company secretarial, senior commercial, and CFO roles including lengthy periods with Bougainville Copper Ltd and WMC Resources Ltd. He has worked extensively with junior resource companies over the past 15 years. He was appointed to the Board in April 2008. About Nicole Galloway Warland, Exploration Manager Thor Mining Plc (ASX:THR) Geologist Nicole Galloway Warland has worked in the mining and exploration industry for more than a quarter of a century in Australia, Eastern Europe and South America since graduating from Sydney’s University of Technology. Nicole's experience spans grassroots exploration through to project evaluation, encompassing both open cut and underground mining, with a focus predominantly on gold, copper-gold, base metals, nickel, uranium, and lithium. About Thor Mining Plc (LON:THR and ASX:THR) Thor Mining PLC is an exploration and development company with an advanced tungsten/molybdenum project poised for development, and exciting copper and gold projects, both advanced and early stage, with the potential to generate significant investor value. Thor also holds an advanced tungsten/molybdenum project ready for development. Thor has projects in Australia in the Northern Territory, Western Australia, and South Australia. Thor also owns the Pilot Mountain tungsten project in Nevada USA, and uranium and vanadium exploration claims in Colorado and Utah. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Coffee with Samso Episode 74 is with Allan Ritchie, Chief Executive Officer - Adavale Resources Limited (ASX: ADD) The EV Revolution has thrown the world of "Battery Metals" into another rush for good assets. Like any other industry, when the market is hot, great assets become hard to acquire. Adavale Resources Limited has its assets next to one of the largest undeveloped nickel assets in the world, with similar geology and geophysical signatures. Allan Ritchie, CEO shares with us the long journey of the company to get to where they are now. There is no hiding from the fact that this is an early stage play but I can sense excitement in the tone of his voice and a good dose of bravado about the project. What he did not say on camera is that management is driven by capital appreciation as they are not paid large amounts of salary. Their reward is in the shares that they own. It is not about burning cash with large salaries. This is a great strategy and one that is not seen in many ASX companies. Global law firm Clyde & Co advised UK mining company, Kabanga Nickel, on a binding framework agreement with the Government of Tanzania for the development of the Kabanga Nickel Project. According to its website, the Kabanga Nickel project is located in the north-west of Tanzania. It is touted as a multi-billion-dollar project. It hosts an in-situ mineral resource of 58 million tonnes at 2.62% Ni, containing more than 1.52 million tonnes (3.30 billion pounds) of nickel, a key ingredient for the making of electric vehicles. Kabanga will support a mine life of at least 30 years with further exploration potential. Adavale has found itself at the right phase of a rising market. I recall my conversation with Scott Williamson on Producing Nickel for the EV Revolution - Blackstone Minerals Ltd (ASX:BSX), where he shared with us that nickel buyers are feeling the rate of demand rising faster than anticipation by the market. This is a great situation for the likes of Adavale as they move into discovery mode. Of course, this does not mean that discovery is guaranteed but as we have discussed in many previous episodes of Coffee with Samso, exploration is all about good management, funding and good assets. The rest is a game of lottery. I feel that Adavale ticks all the boxes required. Now it is time to roll up their sleeves and put in the hard work and engage the truth machine. Allan outlines a strong strategy and the milestones are there to be achieved. There is no hiding his expectation and with a market capitalisation of AUD20M in a strong market, the discovery would give shareholders many things to cheer about in the near future. PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Allan Ritchie - Chief Executive Officer Adavale Resources Limited (ASX: ADD) Allan graduated from the University of Technology in Sydney in 1986 with a Bachelor of Business and subsequently attained a post graduate Diploma in Applied Finance from the Financial Services Institute of Australia. Allan’s distinguished career spans 30 years in both the energy and resources sectors, in investment banking and leadership roles in both private and publicly listed companies. Allan currently serves as Non-Executive Director of ASX listed Hydrocarbon Dynamics Limited (HCD:ASX) and has previously served as Executive Director and Deputy CEO of HK Listed energy group EPI Holdings Limited (0689.HKEX). Allan’s investment banking background includes structuring commercial transactions in the energy and resources sector. Senior roles include positions within Westpac, ANZ Bank, HSBC and BNP Paribas in Australia, London, New York and Asia Pacific. Allan’s career achievements have been recognised several times in BRW’s annual poll of bankers. About Adavale Resources Limited (ASX: ADD) Adavale Resources Limited (ADD) holds 100% of the Kabanga Jirani Nickel Project (“the Project”) consisting of six granted licences and one application covering nearly 1145km2. These licences are adjacent and along strike from the world’s largest undeveloped nickel sulphide resource, namely The Kabanga Deposit which contains a measured, indicated and inferred resource of 58Mt @ 2.62% Ni (Barrick and Glencore, 2014). The ADD licences are located along a trend of mafic/ultramafic intrusions known as the Kabanga Musongati belt and contain Nickel Sulphide ores and PGE concentrations. Project 1 – Nickel – Kabanga Jirani Nickel Project, Tanzania Adavale Resources Limited also holds 100% of the Lake Surprise Project being three exploration tenements covering nearly 396 km2 within part of the highly prospective sedimentary uranium province within the northern part of the Lake Frome Embayment. These tenements lie within a flat, semi-arid landscape located just to the north of the Flinders Range in South Australia. These include EL 5892 comprising 92km2 , EL 5893 comprising 167km2 and EL 5644 of 137km2. These are known as the: Jubilee Prospect Mookwarinna Prospect Canegrass Swamp Prospect Project 2 – Uranium – Lake Surprise, South Australia The Lake Surprise Project Area is located in South Australia, 550km north of Adelaide, and 70km East of Marree. The company holds 3 tenements, EL5892, EL5893, and EL5644 with a total area of 396 km2. Adavale explored the original tenements in this area between 2007 and 2011 with 486 holes drilled in that period. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

The greatest show in ASX Over the last 12 months, the world has gone through one of the most defining moments of human existence. We were living in chaos. However, if you are an investor or trader within the Australian Stock Exchange (ASX), you would have experienced one of the greatest shows in the thirty years. Will the show go on? Figure 1: The recent GameStop squeeze in the US market is an example of how retail investors are swamping markets all over the world. From an investing point of view, this has been the best time to take that punt in a stock. Did we know that this was going to be like this? I was doubtful. Some may say that they did, but I would say that there would be very few out there in the real world who knew. Figure 2: Stock Exchange Index (source: www.igmarkets.com) When you look at the charts in Figure 2, you can understand why the equity markets have been a spectacular place to make money. The trend is still going up but in the last couple of weeks, the gold sector has been taking a battering. When you look at the charts in Figure 4, you can see that the gold companies are almost at the same level as 12 months ago. As many people would remember, that was the whole COVID-19 pandemic rearing its head up. My views on Gold For the precious metals, there is a definite pullback for gold equities, but when you look at the physical gold price, it has not pulled back that much (Figure 3). The gold price in AUD may have dropped, but the producers are still making a lot of margins. At the most expensive AISC, they are still looking at a margin of around AUD$800 per ounce. Let's face it, even at AUD$500, they are making good money. Figure 3: Price of spot gold since 2019. My take on gold is that its movement is going to be dependent on how the market view all the stimulus that has been given out and what else is in store in the coming years. The pandemic has made free-flowing money seem like an everyday occurrence. For the traditionalist, this is a sure sign of inflationary issues. If this is the case, then you would hedge your bet that the gold price should rise. Figure 4: The share price journey of Mid-Tier Australian gold producers and a near-to-production company (ASX: CAI). Gold has been the darling of the market for the last 12 months and it would be no surprise that it would take a retreat. As one technical trader once told me, sometimes the markets need to take a breather before trying to break the new high. Assuming that is the case, this would be a great time to look for good positions. Hence, for those who missed out on stocks that had taken a run previously, this will be a great opportunity to position yourself for the next run. There are still many companies with real value and were unloved by the market. Currently, I can see a few companies that have a great story with discoveries but the market made it unloved. As the experts always say, invest from the top down. That means bet on the bigger "safer" counters first, like the producers and work down. Figure 4a: The share price journey of Lefroy Exploration Limited (ASX: LEX). In saying that the precious metal has taken a backward step, what is good to see is that exploration successes are still being rewarded. Many companies that are explorers now and have discovered some great intercepts are being rewarded (See Figure 4a). One such company at the time of writing is Lefroy Exploration Limited (ASX: LEX). They have recently announced, "Outstanding High-Grade Gold and Copper Mineralisation Intersected at Burns" and this has done wonders for their investors. This is another clear case of good management and good projects and the trust of their investors. As Rick Rule pointed out recently in a Coffee with Samso he made with me in 2020, entitled, Markets and Commodities with Rick Rule he mentioned that gold is sought after as insurance and when people start talking about silver, greed is in the air. Now if you take that as a basis for your investment, you have to feel that the precious metal will continue to be in your favour. What Commodities would be in demand? This one is very simple. We all know that we are looking at the next industrial revolution, with the introduction of electric vehicles. I call this the "Green Evolution" i.e. to have all matters of manufacturing and mining for us resource people, to be green. Green mining is the new catch phrase. So what is needed with this EV Revolution is lithium, graphite, nickel, copper, tin, tungsten, and wait for it ... Uranium. I must point out that this list is just what is in the bright lights. I feel that the mining of these metals is the lowest form of EV Revolution. I believe that the main players would be the ones with processes that make whatever the EV Revolution requires. And they are, for example, Andromeda Metals Limited (ASX: ADN) with their Halloysite, Altech Chemicals Limited (ASX: ATC) with their HPA applications, EcoGraft Limited (ASX: EGR) with the graphite recycling, FYI Resources Limited (ASX: FYI) with their HPA applications taking a lot of the bright lights. Before I am swamped with emails and messages for not mentioning many others, let me say that these companies are what is rolling out of my brain space now. I am sure there are many more out there which I have not learned enough to know at this point in time. Figure 5: Share price chart of EGR and FYI. (source: commsec.com.au) Companies like EcoGraft and FYI Resources (Figure 5) have created so much attention that their share prices have taken a run and whether this trend will continue depends on how well their business plans are executed. What is obvious is that they represent another part of this EV Revolution that does not involve assays, drilling and geologists. My views on Nickel and Copper Nickel and Copper are two metals that have been threatening to show a strong supply shortage for many years. In fact, I even wrote an article " Is the Commodities Shortage a Mirage? " highlighting this issue but it still had not happened. I followed it up with another article nine months later with " Shortages in Metals ". Figure 6: Copper Price Chart. The recent run in copper and nickel will keep many companies like Hot Chili Limited (ASX: HCH), Blackstone Minerals Limited (ASX; BSX), Galileo Mining Limited (ASX: GAL), Cyprium Metals Limited (ASX: CYM) and even the likes of aspiring explorers such as Adavale Resources Limited (ASX: ADD) in the spotlight. What will drive this market is the introduction of the Environmental, Social, and Governance (ESG) factors. There is now a major requirement or a growing requirement for projects to have a "Green" flavour. This will create more work to make things happen and as end-users push for this, I cannot see how you can make this happen without a rise in CAPEX and OPEX. To facilitate all of these requirements, the metal price has to be at a level that is consistent with the demands of the users. My views on Zinc It seems that this is slowly coming to fruition and my other favourite metal, Zinc is also looking to break new highs (Figure 7). This metal has been touting a global shortage for at least the 5 years that I have been following it. When you look at the chart, it is not as impressive as the others that I have mentioned but it appears to be moving. For those that look at charts, prior to the break out, the pattern tend not to be overly impressive. I guess that is why they call it a break-out. Figure 7: Tin and Zinc Price Chart. My views on Tin Tin is another metal that is taking a run. My recent Coffee with Samso with Venture Minerals Limited (ASX; VMS) entitled "Time for Critical Metals - Tin and Tungsten: Venture Minerals Limited (ASX:VMS)" explains how this can become impactful for its shareholders if they are allowed to mine their Mount Lindsay Tin and Tungsten project in Tasmania, Australia. How tin position itself with the EV Revolution will determine how durable this price rise is but it does not take a genius to realise that something may be brewing. A durable run like this will make a company like Venture Minerals re-rate easily by the markets. What may be a double benefit for Venture Minerals is that historically, tungsten prices have followed the rise in tin. That could be a dark horse in this sector. Conclusion? Currently, I do not see the market slowing down. A near term correction may happen, but I feel that for the long term visionaries, it will be a good story. As I mentioned, even though that the gold sector has slowed down, there are still lots of opportunities that are being rewarded. We all know that the ASX growth is not restricted to commodities. Everything is flying and there are lots of professional information that would support the buoyancy that is being experienced in world markets. In my humble opinion, like everything else, caution is the key aspect of investing in this market. The fund management concept of a balanced portfolio at this time could make a lot more sense to all levels of investors, especially the retail investor. Do What the Pros Do! For many years I have been watching the likes of Warren Buffett telling us how to invest and what is the safest way to do things. This is a great time for the small retail players to adopt this same policy for investing in the small-cap industry. The professional investors look for good management, good business models and the rising sector, so we should also look for similar things in the small-cap sector. Warren Buffet has said many times that if he does not understand what the business is and how they're generating the appreciation in capital he does not get into the stock. I think this is a good addition to our style. That thinking would stop people from getting into too many "Casino Investments" with the FOMO (Fear of Missing Out) factor that drives all the bad investing decisions into those "Hot Stocks". Many years ago, a very smart man, Geoff Donahue, had this same attitude. For me, this has been the game-changer in how I look at this market. Will the Great Show in Commodity Markets Continue? I think this run over the last 12 months has more legs to come. The EV Revolution is going to drag even more money into the sector, at least for the next 12 months. The uncertainty in the supply of nickel and the EV metals will create concerns from producers and end-users of these metals. Scott Williamson in one of our Coffees with Samso mentioned that his conversations with end-users that they were uncertain about the supply equation. End-users were not sure if the upcoming demand was going to be a walk, a run or on a rocket. If it comes on a rocket, there are going to be major problems. What his people are telling them is that they are feeling, the rocket version may be a likely scenario. The current rise in copper pricing, the ever-reliable Dr. Copper, seems to be pointing to a buoyant world economy. As the good Doctor is an indicator of world economic growth, it is looking like exciting times for all industries, are here to stay. Personally, the apparent sudden tin price rise may be the clue that the so-called new economy is going to drag all metals back in fashion. This is based on the fact that the new world has to be more efficient and slimmer in costings. The pandemic has made some clear references to having economies be less dependent on human interaction. Robotics and AI are going to be the focus which will mean more innovative thinking on raw materials used. The isolation of China may bring down the monopoly on metals such as REE, tungsten, and tin. If this is the case, there are many companies that will benefit. The effect of this is that the sector will get a continued injection of cash which will continue the resurgence in the mineral resource sector. 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. Download our 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. Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Coffee with Samso Episode 75 is with Brad Valiukas, Managing Director of Aurumin Limited (ASX: AUN) Decades of neglect has meant that the Mt Dimer and Mt Palmer projects may have some hidden secrets that are waiting to be discovered. Aurumin Limited (ASX:AUN) has just listed on the Australian Stock Exchange (ASX) with two very interesting projects in the Southern Cross Goldfields that has a history of producing high-grade resources. In the spirit of exploration, one cannot find a better place to go looking for more gold. The Mt Dimer and Mt Palmer projects are both old projects that have been neglected for decades. I cannot repeat this enough, that currently, this is one of the best times for the mineral exploration industry. Hence, with money and drilling, shareholders will very likely see some good results. For industry people, it is not hard to imagine finding similar mineralisation to what is already on the ground. I am not surprised that the ground has not been worked over as the market never allowed this to happen. Whoever owned these projects never really had the chance to raise the required money to do a proper job. In this episode, Brad Valiukas, Managing Director of Aurumin Limited, shares with us the same thoughts. As a mining engineer, I can see that he is meticulous and focused on delivering results. I can appreciate how his credentials are consistent with the type of projects in the company. Brad is confident in finding repetitions of Mt Dimer and Mt Palmer. PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Brad Valiukas - Managing Director BEng (Mining), GradCert (Econ), Member AusIMM Mining Engineer and experienced executive with over 20 years operational, management and executive experience covering underground and open pit operations across multiple commodities around Australia and internationally. Brad's most recent position is that of Manager – Technical Services for Northern Star Resources, previously COO at Focus Minerals, COO at ABM Resources and senior roles at Mincor Resources. About Aurumin Limited (ASX: AUN) Aurumin Limited (ACN 639 427 099) (Aurumin or Company) is an Australian company incorporated on 28 February 2020 in Western Australia as a mineral exploration company to allow the reorganisation of projects held by Aurumin Mt Dimer Pty Ltd (formerly Acertim Resources Pty Ltd) (Aurumin Mt Dimer). In particular, the Company was established to enable the restructure of the Mt Dimer, Mt Palmer and Johnson Range projects into separate project entities and further consolidate additional tenements, and to progress these gold exploration projects in the Southern Cross and Kalgoorlie regions. Since incorporation, the Company has acquired 100% legal and beneficial ownership of Aurumin Mt Dimer and Aurumin Mt Palmer Pty Ltd (formerly Mt Palmer Gold Pty Ltd), and has entered into a further 3 tenement acquisition agreements and applied for further tenements such that it now has an interest in 29 tenements across 4 projects. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Coffee with Samso Episode 76 is with Jon Hronsky, of Western Mining Services Mineral Exploration has always been thought of as highly speculative and hence is a high-risk investment. Jon Hronsky, a geoscientist who has been on the scene in the last 37 years shares his thoughts on why this is actually not true. I met Jon way back in late 1989 when I was in the second year of my undergraduate geology studies. I have been following his work since then and value his high-level (regional) targeting strategies. One of the hardest things to research is the myriad of projects that exist in companies in ASX. Over the years, I have been asked many times what I think of the projects in different companies. What is hard to comment on is the legacy that exists in these projects. If you do not know the history or the content of management, it is extremely difficult to give a "correct" answer. The general consensus is that if there is a historical record of mineralisation, it will be a better project. As many experienced proponents of this sector will tell you, this is not anywhere near sufficient information to make an "intellectual" comment. There is way too much information required before one can come anywhere near the point of making an "educated" estimation. Jon Hronsky comes from a breed of mineral explorers who look at the picture and this is what I call the need for the right ingredients. I am talking about greenfield projects where the "out of the box" thinking has taken the "risk" to chase the potential. These kinds of projects normally offer the greatest rewards for investors. In this episode, Jon shares with us his thoughts on mineral exploration and why he thinks the Empress Springs project is a great example of the First Mover Strategy for Moho Resources Limited (ASX; MOH). Jon has looked at the work that was initiated in conjunction with Ryan Noble from the CSIRO and he made the following comments: This is the biggest coherent anomaly I have seen. - Jon Hronsky on the Empress Springs project. This was part of the Coffee with Samso entitled "Applying Scientific Sampling Methods into Mineral Exploration - CSIRO" Another interesting point that came up during our chat is that Jon shares very similar thoughts about the level of risk in exploration projects. The risk for investors is realistically less for greenfield exploration as opposed to advanced projects. I have included time stamps for the video below: Chapters: 0:39 Jon Hronsky Introduction 2:42 Where is the Current Market Going? 5:50 Renewed Funding Giving Life to Projects 6:39 Time to Understand Project and Management Quality 7:52 The Empress Spring Story: Moho Resources Limited (ASX: MOH) 13:51 First Mover Strategy 14:39 The Olympic Dam Discovery Analogy 15:00 The Bigger Deposit is the Easiest to Find. 15:23 The Upside Down Lightning Bolt Theory 20:10 Understanding the Pathway of Source Rocks 21:16 The Project Generator Model for Exploration Company 22:50 The Boddington Gold Mine 24:07 The New Exploration Region 25:11 The Myth of Risk - Reward Ratio 25:38 The Beauty of Exploration 26:08 Exploration Vs. Brownfields 27:25 The Biggest Challenge for an Investor 28:08 Reasons to be a member for the CET ( Center for Exploration Targeting) PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Jon Hronsky Jon Hronsky OAM (BAppSci, PhD) Chairman of the Board of the Center for Exploration Targeting in Western Australia Chairman of the Australian Geoscience Council (the peak body for geoscience organisations in Australia) Adjunct Professor at both the University of WA and Macquarie University. Jon Hronsky has more than thirty-five years of experience in the global mineral exploration industry, primarily focusing on project generation, technical innovation and exploration strategy development. He has worked across a diverse range of commodities and geographies, and has particular expertise in targeting nickel sulfide and gold deposits. His targeting work led to the discovery of the West Musgrave nickel sulfide province in Western Australia. His experience includes leadership roles in both major mining and junior mining companies, and he has consulted globally for the last 12 years. In January 2019 he was awarded the Order of Australia Medal for services to the mining industry. Jon is currently Chairman of the Board of the Center for Exploration Targeting in Western Australia, Chairman of the Australian Geoscience Council (the peak body for geoscience organisations in Australia) and an Adjunct Professor at both the University of WA and Macquarie University. He was the 2009 Society of Economic Geology Distinguished Lecturer. Jon joined WMS in 2007. Prior to that, he was Manager-Strategy & Generative Services for BHP Billiton Mineral Exploration and Global Geoscience Leader for WMC Resources Ltd. About Western Mining Services Western Mining Services (WMS) provides the best in geoscientific and risk management advice and services to mineral explorers globally. WMS offers a range of essential services: Advice on exploration strategy development both brownfield and greenfield Review and critique of mineral exploration strategies, plans and programs Assistance with the organisational structures Metallogenic framework and mineral targeting studies that deliver viable greenfield targets Brownfield and near-mine studies and target generation Support for target validation at all scales Technical due diligence and new opportunity analysis Deal terms review and evaluation Commercial risk analysis WMS' proven track record: Over the last 12 years, WMS helped more than sixty companies pursue exploration programs and opportunities globally. The resulting rewards include the largest gold-copper skarn discovery in the Americas and major nickel and gold discoveries in Australia. Over 600 students attended their popular Senior Exploration Management (SEM) Course which, by many accounts, ranks as “one of the best”. WMS offers the SEM Course annually in Perth WA and Denver CO, and also offers the course in-house for clients who want a course tailored to their strategy and exploration program. WMS developed an on-line Senior Exploration Management (SEM) course that tracks in-person SEM Course and that will make excellent, experienced training services more available to exploration groups worldwide. WMS Team is experienced, focused and eager to help achieve the mineral exploration mission. Please contact us, and let’s discuss how we can help. CONTACT JON HRONSKY m/ +61 417992518 e/ jon.hronsky@wesminllc.com w/ https://www.wesminllc.com/ 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. 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