Mining HQ Podcasts Ep. 8 - 00:45 The Power of Branding in the mineral exploration sector - rebranding Samso. What is a Red Seagull strategy? How can companies tell their stories? Branding is the missing link in this industry. Or go to 00:45 - https://open.spotify.com/episode/72Rly1nPwVCb5B7hlxgWK0 Radio Interviews with Mining HQ reaching out to 100,000 audiences per broadcast Noel Ong of Samso and Chris LeMesurier of 1055 TripleM speak fortnightly on Mining HQ about Mineral Exploration, Commodities and Mineral Resources. For the investors: Our interviews with Mining HQ includes topics to help you make good investment decisions. We also share Stock Picks, Stocks to Watch and Weekly Summaries. For Samso's clients: This is an additional opportunity for you to engage with investors directly. Samso works with a number of Media Partners like MiningHQ and Brilliant-Online to widen your reach. Contact Samso

Mining HQ Podcasts Ep. 12 - 17:29 Listen to which WA-based companies have impressed Noel in 2021 and the reasons behind that. 2021 has been one of the busiest years ever for the sector, and with so many stories on the market, Noel shares his pick of the year. Or go to 17:29 - https://open.spotify.com/episode/4e8NZQ7AhTBMbTypOPuQvl Radio Interviews with Mining HQ reaching out to 100,000 audiences per broadcast Noel Ong of Samso and Chris LeMesurier of 1055 TripleM speak fortnightly on Mining HQ about Mineral Exploration, Commodities and Mineral Resources. For the investors: Our interviews with Mining HQ includes topics to help you make good investment decisions. We also share Stock Picks, Stocks to Watch and Weekly Summaries. For Samso's clients: This is an additional opportunity for you to engage with investors directly. Samso works with a number of Media Partners like MiningHQ and Brilliant-Online to widen your reach. Contact Samso

Mining HQ Podcasts Ep. 11 - 15:27 Noel talks about future proofing the world and the emergence of a potentially No Emissions world. Or go to 15:27 - https://open.spotify.com/episode/1E2kiVh6PIyw0G6Gi7ypbJ Radio Interviews with Mining HQ reaching out to 100,000 audiences per broadcast Noel Ong of Samso and Chris LeMesurier of 1055 TripleM speak fortnightly on Mining HQ about Mineral Exploration, Commodities and Mineral Resources. For the investors: Our interviews with Mining HQ includes topics to help you make good investment decisions. We also share Stock Picks, Stocks to Watch and Weekly Summaries. For Samso's clients: This is an additional opportunity for you to engage with investors directly. Samso works with a number of Media Partners like MiningHQ and Brilliant-Online to widen your reach. Contact Samso

Mining HQ Podcasts Ep. 5 - 16:19 Good geological assets always guarantee good results. What you need to do is to have good exploration practice. Noel discusses the key ingredients to exploration success and talks about some examples. Or go to 16:19 - https://open.spotify.com/episode/6YJQjenR1VxkOW2aQzRnKj Radio Interviews with Mining HQ reaching out to 100,000 audiences per broadcast Noel Ong of Samso and Chris LeMesurier of 1055 TripleM speak fortnightly on Mining HQ about Mineral Exploration, Commodities and Mineral Resources. For the investors: Our interviews with Mining HQ includes topics to help you make good investment decisions. We also share Stock Picks, Stocks to Watch and Weekly Summaries. For Samso's clients: This is an additional opportunity for you to engage with investors directly. Samso works with a number of Media Partners like MiningHQ and Brilliant-Online to widen your reach. Contact Samso

Mining HQ Podcasts Ep. 7 - 08:25 Differentiation between wishful exploration and an Exploration Story. What gets share prices up and real reasons to be selling a story for. Or go to 08:25 - https://open.spotify.com/episode/6mU8c3yDlx6nZCZboCa1qm Radio Interviews with Mining HQ reaching out to 100,000 audiences per broadcast Noel Ong of Samso and Chris LeMesurier of 1055 TripleM speak fortnightly on Mining HQ about Mineral Exploration, Commodities and Mineral Resources. For the investors: Our interviews with Mining HQ includes topics to help you make good investment decisions. We also share Stock Picks, Stocks to Watch and Weekly Summaries. For Samso's clients: This is an additional opportunity for you to engage with investors directly. Samso works with a number of Media Partners like MiningHQ and Brilliant-Online to widen your reach. Contact Samso

Mining HQ Podcasts Ep. 10 - 18:12 Noel reviews some WA-based ASX companies that look set to have a bright future. Or go to 18:12 - https://open.spotify.com/episode/66zsPZi3OBn8IQHNKzSmcT Radio Interviews with Mining HQ reaching out to 100,000 audiences per broadcast Noel Ong of Samso and Chris LeMesurier of 1055 TripleM speak fortnightly on Mining HQ about Mineral Exploration, Commodities and Mineral Resources. For the investors: Our interviews with Mining HQ includes topics to help you make good investment decisions. We also share Stock Picks, Stocks to Watch and Weekly Summaries. For Samso's clients: This is an additional opportunity for you to engage with investors directly. Samso works with a number of Media Partners like MiningHQ and Brilliant-Online to widen your reach. Contact Samso

Coffee With Samso Episode 112 with Blackstone Minerals Limited (ASX: BSX). The release of the Sustainability Report by Blackstone Minerals Limited (ASX:BSX) should indicate to investors that the end is near. The company is putting on the table the transparency of their activities and its intent on making this an industry-leading business. In today's Coffee with Samso, Anna Cranney, who is the Social Performance Lead for Blackstone Minerals Limited (ASX: BSX) returns to give us an insight into what this report is all about. The content of the report may put many to sleep, but when you hear the context of the report as investors, this gives me a great deal of confidence that the company is looking to make a statement. "Blackstone is looking to lead the industry and show through its transparency its intent on creating an ESG relevant, ESG leading business that creates a truly sustainable investment which has a World leading responsible nature for all stakeholders of the business." - Samso Tune in to find out how Anna Cranney and the Blackstone team will deliver the ESG platform from theory to practice. Chapters 00:00 Start 00:20 Introduction 02:16 The Sustainability Report 03:32 Is this Report a New Concept? 04:41 Is this report a Standard Operating Procedure document? 09:39 A brief of the content of the report. 14:56 How is Blackstone backing up with their claim to be an ESG champion? 16:11 Was ESG already in the marketplace? 19:20 Is it hard to get all stakeholders to conform to the Report? 23:20 Balancing the needs of local Vietnamese community against corporate. 26:35 Is the implementation of the report harder in Reality? 27:37 Are we overdoing ESG? 27:14 What is the cost of ESG? 33:43 What is the perception of the cost of ESG? 36:10 Sustainable Responsible Investments is ESG. 37:49 Conclusion PODCAST About Anna Cranney Social Performance Lead with Blackstone Minerals Limited Education: Bachelor of Education/Arts from the University of QLD; Graduate Certificate in International Education from the University of Sydney; Certificate IV in Training and Assessment; Diploma of Training Design and Development, RMIT; Graduate Certificate in Social Impact from UWA and the Centre for Social Impact. Anna Cranney hails from Goondiwindi in Queensland but moved to Perth a number of years ago to work within the extractives sector. She has over 13 years of experience working social performance, capacity building and community development programs. A decade of this has been time spent working regularly in Timor-Leste. Ms Cranney has worked across industries and sectors including oil and gas, construction, education, not-for-profits, and in the aid and development sector. Her passion is in embedding impact-focussed ESG programs across technical teams and operations on major projects, and helping the extractives sector use a partnership approach with communities and not-for-profits to deliver long-term outcomes. Anna has recently joined the Blackstone Minerals team to continue to develop their ‘green nickel’ strategy and embed ESG across the business, with a particular focus on their Ta-Khoa project in Northern Vietnam. About Blackstone Minerals Limited Blackstone Minerals Limited (ASX: BSX) is developing the district-scale Ta Khoa Project in Northern Vietnam where the company is drilling out the large-scale Ban Phuc Nickel-PGE deposit. The Ta Khoa Nickel-PGE Project has existing modern mine infrastructures built to International Standards including a 450ktpa processing plant and permitted mine facilities. Blackstone Minerals also owns a large landholding at the Gold Bridge project within the BC porphyry belt in British Columbia, Canada with large scale drill targets prospective for high-grade gold-cobalt-copper mineralisation. In Australia, Blackstone Minerals is exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia. Blackstone Minerals has a board and management team with a proven track record of mineral discovery and corporate success. The Ta Khoa Nickel-Copper-PGE Project The Ta Khoa Nickel-Copper-PGE Project is located 160 km west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine built to Australian standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. In the Ta Khoa Nickel-Copper-PGE Project, previous project owners invested more than US$136m in capital and generated US$213m in revenue during a 3.5-year period of falling nickel prices. The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years. Existing infrastructure associated with the project includes an internationally-designed 450 ktpa processing plant connected to local hydro grid power with a fully-permitted tailings facility and a modern 250-person camp. Since commencing maiden drilling in August 2019, Blackstone Minerals has made significant progress at Ta Khoa, drilling over 9,000 m of diamond core in more than 47 holes into the Ban Phuc DSS deposit and the highly prospective King Cobra discovery zone. An initial scoping study evaluating mining and processing options is well advanced, including potential in-country downstream processing to deliver high-value nickel sulfate into Asia’s rapidly expanding electric vehicle (EV) industry. The recently announced MOU with Asia’s largest and the world’s second-largest EV battery cathode manufacturer, Ecopro BM Co Limited represents a significant step towards making this a reality. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso stories are also featured on Brilliant-Online. 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This is Part 2 of 2. Part 1 holds the Abstract, the Snapshot and Sections 1 to 8, which cover the company, the ground, the mining history, the geology, the drilling, the Mineral Resource and the November 2025 Scoping Study. Section, figure, table and reference numbers are the same in both parts. Contents 9 Metallurgy 15 The Technical Trader View 10 Toll Milling at Kirkalocka 16 The Gold Price and Interest Rates 11 Approvals, Funding and the Timetable 17 The Risks and the Positives in One Place 12 Tungsten and the Other Projects 18 Samso Concluding Comments 13 Peer Comparison 19 References and Sources 14 The Share Price 20 Disclaimer 9 Metallurgy Metallurgy is the study of how the gold is got out of the rock in a processing plant. The main measure is the recovery, the share of the gold in the ore that ends up as gold bars. The study assumes 94 per cent.

BOA Resources (ASX: BOA) has reported copper assays from 23 of its 46 drill holes at Ricci Lee in Western Australia, and the BOA share price has risen 57 per cent since 18 September. The company had A$2.43 million in cash at 30 June 2026, its auditor has noted a funding uncertainty, and shareholders vote on 12 October on full ownership of the project. BOA Resources is a copper explorer in the Murchison region of Western Australia. An explorer is a company that searches for mineral deposits. BOA closed at 13 cents on 14 October 2026, against 2.1 cents two years earlier. Copper futures are 55 per cent higher than two years ago, and BOA has just reported drilling results from Ricci Lee. That is why Samso is looking at the company now. All prices in this piece are as at the close of ASX trading on 14 October 2026. Global prices for copper are taken at the same time. The BOA Resources Story BOA listed on the ASX in October 2012 as Boadicea Resources and took its present name in December 2024 [R1]. It explored for nickel and lithium in Western Australia before it moved into copper.

Mining HQ Podcasts Ep. 6 - 33:10 What is the concept of Going Green? Who is going Green? How does one position for this market? Is it any different to the usual way of investing in this sector? Noel cites some examples. Or go to 33:10 - https://open.spotify.com/episode/68Qn3kzejv8ii7WAc2aKM6 Radio Interviews with Mining HQ reaching out to 100,000 audiences per broadcast Noel Ong of Samso and Chris LeMesurier of 1055 TripleM speak fortnightly on Mining HQ about Mineral Exploration, Commodities and Mineral Resources. For the investors: Our interviews with Mining HQ includes topics to help you make good investment decisions. We also share Stock Picks, Stocks to Watch and Weekly Summaries. For Samso's clients: This is an additional opportunity for you to engage with investors directly. Samso works with a number of Media Partners like MiningHQ and Brilliant-Online to widen your reach. Contact Samso

Abstract Horizon Gold Limited (ASX: HRN) owns the Gum Creek Gold Project, 640 kilometres north-east of Perth in the East Murchison Mineral Field. The ground was the Gidgee Gold Mine, which ran from 1987 to 2005 under a succession of owners. The project holds a Mineral Resource of 2.30 million ounces at 1.89 grams of gold per tonne.[R1] A Mineral Resource is gold estimated to be in the ground. In the Samso Gold Regions Series the company carries the label Near-term producer, because it has a published feasibility study and a stated date for first gold. The study is a Definitive Feasibility Study released on 22 July 2026. It plans open pit mining of free milling ore through a new 2.4 million tonne a year plant. Free milling ore gives up its gold with ordinary grinding and cyanide leaching. It forecasts 880,100 ounces of gold over ten years, a build cost of A$350.4 million, an all-in sustaining cost of A$2,995 an ounce and first gold in the second half of 2028. The all-in sustaining cost is what it costs to produce each ounce and keep the mine running. At a gold price of A$5,500 an ounce the study gives a net present value of A$1,307 million before tax and A$894 million after tax, at a 5 per cent discount rate.[R1] Net present value is the value today of the project's future cash flows. The plan is built on a first Ore Reserve of 728,400 ounces at 1.24 grams per tonne. An Ore Reserve is the part of the resource that the study shows can be mined at a profit.

Abstract Rumble Resources Limited (ASX: RTR) owns the Western Queen Gold Project in the Yalgoo Mineral Field, north-west of Mt Magnet in Western Australia. The ground was mined by open pit and underground between 1998 and 2014, and the company gives past production as 215,000 ounces.[R1][R2] It now holds a Mineral Resource of 5.13 million tonnes at 2.6 grams of gold per tonne for 433,600 ounces, of which 227,700 ounces are in the higher-confidence Indicated category.[R3] A Mineral Resource is gold estimated to be in the ground. In the Samso Gold Regions Series the company carries the label "Scoping study stage. Does not yet meet the near-term rule". The rule asks for a published feasibility study and a stated date for first gold. Rumble has neither. The plan is an underground mine beneath the old Western Queen South pit, with the ore trucked about 180 kilometres to the Kirkalocka plant and treated for a fee. That arrangement is called toll milling. The only study is a Scoping Study of 27 November 2025, the least certain of the three study levels. It plans to mine 617,000 tonnes at 2.95 grams per tonne, holding 58,500 ounces of gold before plant losses, with starting capital of less than A$10 million and an all-in sustaining cost of A$2,970 an ounce, at a gold price of A$5,540 an ounce.[R4]