Mining Stocks Face Major Catalysts as Fall Season Approaches

Recording date: 19th August 2025

Olive Resource Capital leadership conducted a comprehensive portfolio review ahead of the fall mining conference season, identifying multiple catalysts expected to drive performance through year-end. Executive Chair Derek Mcpherson and President/CEO/CIO Sam Pelaez outlined their "defensive" strategy, evaluating existing positions and upcoming milestones during the traditionally quiet late-summer period.

The investment firm expects significant drilling results from several portfolio companies following summer exploration programs. Bravo Mining presents the most compelling opportunity, targeting IOCG mineralization in Brazil after discovering an exceptional 11-meter intercept at 14% copper. Sterling Metals continues developing a potential porphyry discovery adjacent to the Trans-Canada Highway in Ontario, while First Nordic has secured funding to resume aggressive drilling in Sweden on targets compared to early-stage Rupert Resources.

Omai Gold represents the portfolio's largest catalyst by weighting, with a resource update expected to demonstrate increased tonnage and potentially elevate the company to top-tier development status. The previous estimate excluded significant completed drilling, and ongoing operations have shown mineralization extensions in multiple directions. Additionally, Omai is conducting deep drilling to test whether mineralization extends to depth, potentially transforming it into a multi-decade operation.

Arizona Sonoran's preliminary feasibility study will validate assumptions from their previous assessment on what management considers a tier-one copper project. Recent corporate actions including royalty buybacks and strategic land acquisitions demonstrate confidence in advancement toward construction.

The team identified several M&A opportunities, including Troilus Gold as a direct takeover candidate approaching permitting milestones, and potential Aurion-Rupert consolidation involving multiple parties. Sailfish Royalty could benefit from the Spring Valley mine's transition to public ownership.
Olive Resource trimmed positions during summer months to raise capital for new opportunities, maintaining concentrated exposures in high-conviction positions while preparing for historically active conference season deal-making.

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