Money of Mine

Tucker and Dahmer join for part 2 after a very well received part 1.In this chat they went into keys to good management, industry changes for the better and some of the best management they have worked with.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Saltbush Contracting - Bulk Haulage (Mine to mill) and earthmoving specialists lachlan@saltbush.net - +61 400 722 059 Get Wet Solutions – Setting the standard in water bladder tank technology  matt.hall@getwetsolutions.com.au - +61 475 627 569 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:01:55)Shit places to work(0:12:43)What goes into getting the quarterly numbers(0:16:04)How do you know C&M is on the way?(0:20:05)More woman working underground(0:25:35)Face mesh(0:33:08)Remote bogging advancements(0:43:10)New School vs the Old School(0:53:29)Barry Upton - the name and fact rememberer(0:56:19)Management stand-outs

We kickstart today chatting about Rio’s selldown of 30% of Winu to Sumitomo, before getting into Appian’s 3.5c bid to grab Nifty’s owner Cyprium.Lastly, we discuss NexGen’s announcement that it has locked in its first sales contracts for Rook 1 pounds. Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Saltbush Contracting - Bulk Haulage (Mine to mill) and earthmoving specialists lachlan@saltbush.net - +61 400 722 059 Get Wet Solutions – Setting the standard in water bladder tank technology  matt.hall@getwetsolutions.com.au - +61 475 627 569 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:00:42)Sumitomo pay US$400m for 30% of Winu(0:14:32)Appian take a swing at Cyprium(0:27:12)NexGen lock in first U sales contracts

Today’s $220m capital raising by Spartan kicked us off on a round of comparison against NST’s takeover of De Grey, as well as a discussion on the likely of Agnico Eagle taking a swing.We also dove into the past and present of Australian Pacific Coal, with some big characters involved in the story.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Saltbush Contracting - Bulk Haulage (Mine to mill) and earthmoving specialists lachlan@saltbush.net - +61 400 722 059 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:01:53)Spartan raise and bush maths against De Grey acquisition(0:13:56)De Grey interloper?(0:16:21)Will Dartbrook coal mine get going without another recap?

There’s only one thing to talk about today… Northern Star’s big swing for De Grey.This friendly, all-scrip deal which implies a A$5b value for the developer of Hemi is the biggest deal of its kind, so we’ve got plenty to chat about.Come to our Christmas Drinks tomorrow, RSVP here Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Saltbush Contracting - Bulk Haulage (Mine to mill) and earthmoving specialists lachlan@saltbush.net - +61 400 722 059 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:01:40)NST make $5b move for DEG(0:08:21)Will Gold Road get in the way(0:13:23)How does Hemi fit into NST(0:22:03)Hemi's met(0:35:12)Thoughts on the deal

Going back to the good old days with a couple of passionate Jumbo operators for the underground mining industry, David Tucker and Jeff "Dahmer" Elder.In Part 1 of this massive yarn, we went into balancing production and development underground, importance of infrastructure, the new computer jumbos and the easiest mine Tucker has worked at. Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au CrossBoundary Energy – Can-do independent power producer tim.taylor@crossboundary.com - +61 466 184 943 Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:02:47)Tucker & Dahmer(0:06:30)When U/G development is too fast(0:16:47)When U/G development is too slow(0:23:10)Pressure on U/G infrastructure(0:33:25)Importance of the pumping circuit(0:40:41)The most important piece of infrastructure(0:43:25)The new computer Jumbo's(0:53:41)Ability, Attendance, Attitude(1:04:41)Working on XMAS(1:07:49)How they got on the Jumbo(1:16:51)Working at Kathleen Valley

We brought on special guests Matt Warder + the Koala to dissect the Anglo-Peabody deal, plus get into a range of topics relating to coal markets including Glencore, Yancoal & BHP.We also touched on the WA government’s decision to provide some relief to lithium players.You can follow Matt Warder on Twitter @mfwarder and Koala is @YellowLabLifeSign-up for the Director’s Special Chapters:(0:00:00) Introduction(0:01:10) Lithium Relief from WA Government(0:07:14) Peabody pays up for Anglo's QLD Coal MinesPlease read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au CrossBoundary Energy – Can-do independent power producer tim.taylor@crossboundary.com - +61 466 184 943 Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling  drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram

We wanted to learn more about diamonds, so we brought on the expert.Paul Zimnisky has been an independent consultant analysing the diamond for over a decade, so we used the chance to learn about lab grown diamonds, the viability of the diamond mining industry, what will happen to De Beers, his contrarian industry takes and more.Paul's site: www.paulzimnisky.com RSVP to our Xmas drinks on 3 December at Brewdog next week at https://calendarlink.com/event/CVpKSSign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au CrossBoundary Energy – Can-do independent power producer tim.taylor@crossboundary.com - +61 466 184 943 Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:04:37)What led to the breakup of De Beers(0:14:11)Lab grown diamonds(0:17:41)Price makers and diamond marketing(0:18:29)How many diamond mines are making money?(0:21:16)Are lab diamond growers making money?(0:24:28)Botswana GDP dependency on diamond industry(0:27:51)Anglo American divesting De Beers(0:32:03)Alrosa(0:34:40)Will mined diamond prices go up in 10 years?(0:37:50)Mine supply(0:39:50)Contrarian views(0:43:25)What should you propose to the Mrs with?

We’ve got 2 big ones today, with a deep dive into Boss Energy, looking at how they’ll go in meeting production numbers and understanding why they’ve become the 2nd most shorted company in Australia.Then, we explore the rumours that Evolution may sell Mungari, chatting about the merits of a sale in this environment, as well as touching on the likelihood Vault & Genesis will merge. RSVP to our Xmas drinks on 3 December at Brewdog next week here Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au CrossBoundary Energy – Can-do independent power producer tim.taylor@crossboundary.com - +61 466 184 943 Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:01:25)Why is Boss SO heavily shorted?(0:31:20)Should Evolution sell Mungari(0:50:49)Will Genesis & Vault merge?(0:53:20)Yandal plummets

We sat down with a couple of legends, Jill Irvin & Shane McLeay of Entech, the gurus on what’s needed to turn a deposit into a mine.They taught us about all the tricks in a mining company’s key studies, what makes a good study or bad one, the key numbers to look out for, where clients put the pressure on them, what’s underappreciated about their work & a whole heap more.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au CrossBoundary Energy – Can-do independent power producer tim.taylor@crossboundary.com - +61 466 184 943 Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:02:24)Scoping vs PFS vs DFS(0:07:33)Resource confidence for studies(0:11:10)Exploration targets(0:13:00)Clues for a bad project(0:15:00)Managing capex vs optimal design(0:16:55)Chalice putting up 2 scenarios(0:18:34)Right amount of money to spend on studies(0:20:24)Internal studies(0:22:38)Competitiveness between consultants(0:26:18)Reviewing other studies(0:31:34)Refusing to do a study(0:34:16)Liability(0:37:15)Evolution of study requirements(0:38:43)Discount rates(0:40:00)Rules of thumb for grade(0:42:18)High grade that doesn't work(0:43:46)Importance of orebody continuity(0:46:48)Capex for 3rd world countries(0:48:39)Owner mining vs contracting(0:51:54)Geotechnical impact(0:54:51)Contingency(0:55:54)Contract tendering(0:59:22)Metal equivelants(1:01:58)Best study and most challenging study(1:05:22)Electrification(1:07:48)Conveyor systems(1:12:40)Electrifying open pits

Two big stories today, firstly our takes on the much anticipated MinRes AGM which we attended… plenty to chat about.Then we discuss the big news out of Canada, that NexGen is one step closer to building a mine with a key permit approved.Sign-up for the Director’s SpecialChapters:(0:00:00) Introduction (0:01:32) MinRes AGM: what we thought(0:37:19) Nexgen's approvals march forwardPlease read our Privacy Policy and Disclaimer here Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor enquiry@mineralms.com.au - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au CrossBoundary Energy – Can-do independent power producer tim.taylor@crossboundary.com - +61 466 184 943 Sandvik Ground Support – The only ground support you’ll ever need https://www.dsiunderground.com/contact CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 Daishsat – Geophysical survey experts nathan.daish@daishsat.com - +61 433 261 071 Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram