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. 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 77 with Scott Williamson, Managing Director of Blackstone Minerals Ltd (ASX:BSX) Blackstone Minerals Limited (ASX:BSX) is now positioning itself to be part of the sector supplying the battery market. I have been a big fan of Blackstone for a very long time. Followers who have been with Samso since the beginning will know that I have been sharing their story since 2019 when they were just AUD$0.15. In fact, I have just realised that they went down to AUD$0.08 during COVID. In the early days, the story was focused on whether they would be able to come up with good drilling results which was to be followed by the probability of "resources". The next step would be the obligation to show the competency of the existing plant. In the last episode of Coffee with Samso with Scott, he mentioned the beginnings of a downstream strategy, Producing Nickel for the EV Revolution - Blackstone Minerals Ltd (ASX:BSX) . Scott Williamson outlines why their nickel products are of the highest quality. In this episode of Coffee with Samso, Scott Williamson tells us about how the company intends to make the best battery products for the industry. There is going to be a supply issue. The biggest deal breaker for the battery market is a lack of nickel sulphide concentrates. As I have mentioned before in the other Coffee with Samso, the whole business of finding more nickel metal is a forgone conclusion. The relentless results coming out from Vietnam is now boring me. It is now just a matter of time for a re-rating of the company. Would I buy Blackstone now? I have been asked many times if BSX is still a buy at the current price. My simple answer is similar to what Rick Rule mentioned in our last Coffee with Samso. Look at 35:54 | Rick and Paladin - The story of Investing in Mineral Explorers. Commodities and Equities: Advice from Rick Rule - Episode 70 The story that Rick tells is the best answer to any investor's questions of entry timing, understanding the value and letting that dictate your decision. 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

Coffee with Samso Episode 80 with Michael Bohm, Chairman of Riedel Resources Limited (ASX:RIE) is all about de-risking a high-grade gold mining project. The Kingman project is another one of those that have good historical activities that makes me wonder why this is still not being explored. When Michael Bohm, Chairman of Riedel Resources Limited (ASX:RIE) approached me to make this Coffee with Samso, I was very impressed with what I saw from their previous exploration. Followers of Samso would know that we had an Arizona story in New World Resources Limited (ASX: NWC) with the Antler Project, which was a good story about high grade mineralisation. This story appears to have a similar path and it looks like it has some hallmarks of a potential VMS region/province. It is making its introduction as a high-grade gold and silver project but as the conversation progresses, there seems to be some evidence of a potential VMS system. Don't get me wrong - I am a strong proponent of the system whatever it is as long as it produces, so whether it is a VMS or not is really not all that relevant. We talk to Michael Bohm, the Chairman of Riedel Resources Limited (ASX:RIE) in Coffee with Samso Episode 80, about their Kingman Project. One of the most important part of my investment thinking is the technical merits and the management of a project. I have known Mike since 1993 and I have known him as one who is in the quality status. Hence, when I see a project that looks good and is associated with quality management, I am immediately interested. Over the years, I have learned that these two parameters of good technical and management points are the most important aspects of any investment idea. Michael shares with us how their projects were acquired and why they came to the conclusion to go ahead with the project. Chapters Chapters 00:00 Introduction 00:35 The Kingman Story 01:27 Why do we not hear a lot about the US Projects? 03:36 What is good about Kingman? 05:07 How did RIE acquire the project? 11:48 Quality of Project 15:17 The Silver component to US projects. 17:08 What is economical Silver? 19:09 Lack of popularity in US mineral projects. 23:46 What is the value proposition? 31:08 News flow? PODCAST About Michael Bohm Chairman BAppSc (Mining Engineering) Appointed: 12 December 2020 Mr. Bohm is a qualified mining professional with extensive Corporate & Operations experience. Michael has extensive minerals industry experience in Australia, South East Asia, Africa, Chile, Canada and Europe. A graduate of WA School of Mines, Michael has worked as a mining engineer, mine manager, study manager, project manager, project director and managing director and has been directly involved in a number of mine developments in the gold, nickel and diamond sectors. Michael is a current Director of a number of ASX-listed companies and sits on their Audit & Risk and Remuneration Committees. Michael has had previous directorships at Argyle Diamonds Mines, Sally Malay Mining Limited and Ashton Mining of Canada. About Riedel Resources Riedel Resources (ASX:RIE) is an ASX-listed mineral exploration company earning into an advanced high-grade gold exploration project in north-west Arizona. The Kingman Project comprises approximately 200 contiguous mining claims located approximately 30km from the town of Kingman Arizona. The area was mined for high-grade gold and silver from the 1880’s to the early 1940’s and since then very little modern exploration has ever been carried out on the property. The Riedel board has extensive experience in minerals and mineral exploration in Australia, the US and Canada, amongst others. Kingman Gold Project The Kingman Gold Project is located near Kingman Arizona and only 90 minutes drive from downtown Las Vegas. The project was mined for high grade gold and silver from the 1880’s until the early 1940’s which coincided with the outbreak of WWII. Following drilling in the 1990’s, 11 diamond holes were drilled on the property in late 2019 and which intersected multiple zones of high grade gold, silver and lead from shallow depths and confirmed the extensive mineralisation potential of the area. Riedel plans to aggressively drill and explore the project area during 2021. 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. 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. 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 81 with David Pillinger, Managing Director of VCEX is all about creating an efficient marketplace for the whole Equity Capital sector. A couple of weeks ago, David Pillinger contacted me to talk about an "interesting platform" related to marketing. In our following discussions after that first contact, I have learnt that this is indeed an interesting platform. VCEX or Venture Capital Exchange is a simple platform that uses technology to make transactions and compliance simpler and cheaper. In the world of Venture Capital or Start-ups, the one thing that does not happen frequently is the transaction of shares which also means that laborious maintenance of compliance is not required. Unfortunately, the cost of compliance today, is pretty much standard. When you look at VCEX, the main use of VCEX is that it will reduce all the compliance costs while being totally compliant with the requirements of ASIC (Australian Securities & Investments Commission). As David shares with us, there are plans now to allow incorporate equities that are listed on the ASX (Australian Stock Exchange) into the platform. This will eventually create a wholesome ecosystem that will bring in buyers and sellers from both the private and public domains. Investors can find out more and create a freemium log in by following the link VCEX:VEX where you can gain access to the VCEX share offer and create an investor profile, review the Information Memorandum and presentations and invest in off-market offerings on VCEX. PODCAST About David Pillinger Managing Director David Pillinger has been a Company Director from the very early age of 21 since 1989 with 5 surf store franchises as his first endeavour. Self-funded and grown from hard graft, he is familiar with all aspects of a vertically integrated business structure. After a decade of surf industry retail and manufacturing knowledge, David turned his hand to his other passion in life - property development and sales. This created Property Gallery and it has grown year on year since its creation in 2001 and is now managing well over 3,000 properties from WAs North West to Perth’s Southern corridor . This has not stopped David from combining his passion of surfing and property by designing and building a Boutique Resort Hotel called The Dipan in Seminyak, Bali which he also still maintains significant equity today. The process of developing and creating income has always required a large amount of software and online marketing. Pillinger realised this as a core attribute to how his staff was evolving in all 3 industries - Retail, Construction / Manufacturing and Management . ¨There is a point in time where you step back and review which direction you are going and answer the questions of why am I going in this direction and what direction is the world going in.¨ The answer was Automation, and with a lot of self-service due to compliance and risk, it is safer to provide a self-service function for all people in most industries. In 2018, Safesoft Pty Ltd was born. It was a new business to take all of the knowledge Pillinger had gathered as an entrepreneur to create a way of making business function better from creation through to ongoing management. VCEX (Venture Capital Exchange) is the first release of many software solutions that utilise the Safesoft LTD core code and single source management logic.The VCEX Market Place manages and qualifies investors - AFSL Brokers and existing shareholders access through the one cloud-based single source registry exchange. The clue to the future in the dialogue above is simple and common amongst all people who strive to have financial independence. Safesoft has a product called Safekey which accesses all of your investments in one place, securely managing your shares in companies and property management requirements. David Pillinger is currently 52 years old at the time of publishing this article and interview, Safesoft LTD is 3 years old and for a software company that may be young, but as David puts it, for an adult it is about the right age to embark on a software solution that encompasses such a diverse solution and ability. Most people struggle to put time into their investments and this product will really connect investors with their assets and advisors and ultimately companies, that they too can invest in from simple direct investments to interest bearing convertible notes. Safesoft opens up the possibilities of connecting people in a more efficient way in a totally integrated process that is far more efficient than what is currently available . About VCEX Venture Capital Exchange is now available for companies and AFSL CAR + AR promoters to raise capital and manage shareholders communications, ASIC updates and banking in one end to end ecosystem. Their Patent Pending Software has been under review and patent approval process for 2 years with ASIC approval now available for investors of VCEX Pty Ltd shares to sell in low volume under ASIC exemption granted 30th March 2020 . If you are interested in raising capital and low volume trading your shares in any unlisted company go to VCEX.com.au and try now for free. They welcome AFSL + CAR promoters to operate compliantly on VCEX.com.au with free access to companies signing up to VCEX LVM trading and capital raising ecosystems. Welcome to the future. 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

Rooster Talk 35 with Michael Bohm, Chairman of Riedel Resources Limited (ASX:RIE) is all about extending the potential of their exploration reach. The current announcement that was released on the 19th April 2021 is a clear sign that the mineralisation in the Kingman project is not localised. As described by the company, this shows that the 1.8km anomaly exists and there are exciting times ahead of us. When Michael Bohm, Chairman of Riedel Resources Limited (ASX:RIE) approached me to make the first Coffee with Samso, I was very impressed with what I saw from their previous exploration. With the current exploration results, I am convinced that with careful management of exploration funds, there is an interesting mineralising system here to be discovered. Since the previous chat with Michael Bohm on Kingman and New World Resources Limited (ASX: NWC) about the Antler Project, I am now fairly bullish on this region. Both projects have great results and the polymetallic nature is encouraging. In this Rooster Talk with Michael Bohm, Chairman of Riedel Resources Limited (ASX:RIE), Michael talks to us about the recent drilling results from the Kingman Project. Michael shares his insights on how this mineralising environment has historical results and adjacent projects that have been mined historically. Chapters: 00:00 Introduction 01:20 What the company make of the results. 02:36 Could this be a VMS? 04:25 Market Reaction 05:53 Why Jims is an "Interesting" project. 07:22 Numerous Drill Targets at Kingman. 08:25 Revealing the 18km Anomaly 09:39 News coming up 10:38 The Riedel Team 13:18 Cooking Spot for Mineralisation 13: 42 Conclusion PODCAST About Michael Bohm Chairman BAppSc (Mining Engineering) Appointed: 12 December 2020 Mr. Bohm is a qualified mining professional with extensive Corporate & Operations experience. Michael has extensive minerals industry experience in Australia, South East Asia, Africa, Chile, Canada and Europe. A graduate of WA School of Mines, Michael has worked as a mining engineer, mine manager, study manager, project manager, project director and managing director and has been directly involved in a number of mine developments in the gold, nickel and diamond sectors. Michael is a current Director of a number of ASX-listed companies and sits on their Audit & Risk and Remuneration Committees. Michael has had previous directorships at Argyle Diamonds Mines, Sally Malay Mining Limited and Ashton Mining of Canada. About Riedel Resources Riedel Resources (ASX:RIE) is an ASX-listed mineral exploration company earning into an advanced high-grade gold exploration project in north-west Arizona. The Kingman Project comprises approximately 200 contiguous mining claims located approximately 30km from the town of Kingman Arizona. The area was mined for high-grade gold and silver from the 1880’s to the early 1940’s and since then very little modern exploration has ever been carried out on the property. The Riedel board has extensive experience in minerals and mineral exploration in Australia, the US and Canada, amongst others. Kingman Gold Project The Kingman Gold Project is located near Kingman Arizona and only 90 minutes drive from downtown Las Vegas. The project was mined for high grade gold and silver from the 1880’s until the early 1940’s which coincided with the outbreak of WWII. Following drilling in the 1990’s, 11 diamond holes were drilled on the property in late 2019 and which intersected multiple zones of high grade gold, silver and lead from shallow depths and confirmed the extensive mineralisation potential of the area. Riedel plans to aggressively drill and explore the project area during 2021. 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. 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. 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