Money of Mine

Plenty to chat about today, with Gold Road (GOR) taking the top story, confirming their interest in Greenstone Gold, and following on with the theme of gold, Predictive Discovery (PDI) releasing their Bankan PFS.The US & UK’s decision to ban Russian products, including metals, has big ramifications which we spoke about, as well as Rio Tinto’s (RIO) rehab blowout at Argyle, Zhaojin & Emerald (EMR) going best & final at Tietto (TIE) & Bullseye respectively, another twist at Sierra Rutile (SRX) and Galan (GLN) quietly tapping the market.Sign-up for the Director’s SpecialAll Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Drilling Guru'sryan@k-drill.com.au Join the Facebook Group for the Money Miners and request access to the Hooteroo group. Money of Mine on YouTube(0:00:00)Intro(0:01:53)Is investing in Greenstone Gold the right move for GOR?(0:16:44)Our thoughts on PDI's Bankan PFS(0:40:34)US & UK ban Russian metal(0:46:23)Rio Tinto's Argyle rehab blowout(0:49:06)Zhaojin go best & final for Tietto(0:53:07)Rapid fire: Emerald, Sierra Rutile & Galan

Metallurgy is a part of mining that isn’t often spoken about but can dictate the outcome. Nathan Stoitis broke things down for us, including why recoveries are a function of grade, the tricks company’s do to make projects look good, how you should view initial met results, plus the basics on all the main commodities as well as an over & under-rated round.Sign-up for the Director’s SpecialAll Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Podcast Partners: VRIFY – grant@vrify.com GetWet Solutions – Matt.hall@getwetsolutions.com.au DSI Underground – https://www.dsiunderground.com/contact Silverstone – kenny@sstone.com.au Anytime Exploration Services – seamus@anytimees.com WA Water Bores – James@wawaterbores.com.au Brooks Airways – ops@brooksairways.com K-Drill – ryan@k-drill.com.au(0:00:00)Introduction(0:00:30)Nathan Stoitis on Money of Mine(0:02:10)The basics about metallurgy(0:05:05)Grade vs Met(0:07:46)Recovery is a function of grade(0:10:27)How much weight to put into initial met results(0:11:17)Tricks to look out for(0:14:45)Is a metallurgists a must have?(0:16:17)When there's copper with your gold(0:21:08)Different ways to treat refractory gold(0:25:42)De Grey's challenge(0:32:17)"Right sizing" a plant and how ball mills work(0:36:28)Miners vs Mill Rats(0:40:38)Will Wiluna ever work?(0:41:57)The rise of Indonesia Nickel(0:43:46)Converting nickel plants into lithium plants(0:45:39)Mt Marion and flotation(0:47:18)How to desalinate Gold Fields water(0:52:38)Are rare earths the most difficult projects?(0:58:11)Hardest to easiest minerals to process(1:02:38)How hard is Mt Todd?(1:06:29)Mt Ida gold processing(1:09:48)Thoughts on Chalice(1:11:03)What is good met and what is bad met?(1:17:35)Over rated / Under rated

Metals prices are on the rise, hinting at a potential commodification boom. A deep dive into the tin market reveals supply challenges due to export restrictions and geopolitical tensions. The podcast also discusses the operational updates from Northern Star regarding gold production and the impact of weather on their forecasts. Additionally, advancements in AI are revolutionizing mineral exploration, while tungsten production shows promise amid uranium project challenges in Spain. Exciting times lie ahead in the commodities landscape!

Today kicked off with a chat about the news that MinRes (MIN) had sold out its 14% stake in Develop (DVP) to a group of investors, before getting into a gold speculation, touching on Westgold, Karora, Ramelius, Northern Star, De Grey, Spartan and Newmont (Telfer). On the gold theme, we picked over Solstice’s (SLS) Hobbes sale to Northern Star (NST), pondering whether juniors may start getting some more love, before discussing Manuka’s (MKR) hopefully ambitions in the Cobar and lastly, Prospect Resources (PSC) picking up a Zambian copper project. Sign-up for the Director’s SpecialAll Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Thank you to our Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Money of Mine on YouTube (0:00:00)Introduction(0:01:23)Why did MINs trade its DVP stake?(0:05:38)What's the next gold deal?(0:17:23)Solstice cash in Hobbes to Northern Star(0:23:40)Manuka's hopefully ambitions in the Cobar(0:30:25)Prospect Resources get into Zambian copper

Two big stories grabbed our attention today.We started by chatting about the curious trading in Azure (AZS) stock on the day of the EGM which we attended, followed up by the big gold merger between Westgold (WGX) and Karora (KRR.t).In addition, we spoke about the news that Galena entered voluntary administration, more news out of Sierra Rutile (SRX), Syrah (SYR) disappointing retail entitlement offer combined with a more positive market update, Capstone Copper’s (CSC) bumper block trade and lastly some pre-quarterly news out of Silver Lake (SLR). Sign-up for the Director’s SpecialAll Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Chapters:(0:00:00)Introduction(0:00:52)Is the Azure takeover in doubt?(0:21:18)Westgold revealed as Karora's partner(0:45:22)Lead-Silver miner Galena enter administration (0:47:29)The latest at Sierra Rutile(0:48:44)Syrah's stinking capital raise (0:52:14)Capstone Copper's bumper capital raise(0:53:48)Silver Lake jump on strong quarterly headlineThank you to our Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the <

We had the delight of interviewing Ahmad Saleem on everything exploration.Ahmad is a master of many trades. He’s a geologist, he’s started numerous businesses and has worked in private equity amongst many roles.  We spoke about whether the juniors funding model, what filters to use for explorers, red flags, what discovery means and plenty more.  All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Thank you to our Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative Bladder Tanks for mobile Water storageMatt.hall@getwetsolutions.com.au DSI Underground – Ground Support gurushttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical expertssales@smelectrical.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machineadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group.Money of Mine on YouTube Money of Mine on Twitter Money of Mine on LinkedIn Money of Mine on InstagramChapters:(0:00:00) Introduction(0:03:56) Is exploration funding broken?(0:13:16) Permitting and approvals(0:14:42) Why do most discoveries come from juniors?(0:19:30) Which producers have done exploration well?(0:23:12) Filtering good exploration companies from bad(0:31:15) Do juniors overstay their welcome?(0:34:09) Red Flags(0:37:26) Successful companies from good geology(0:41:36) Bullshit detection(0:55:08) What does a "discovery" mean?(1:02:24) Getting up the curve with new commodities(1:04:07) New trend of "Exploration Targets"(1:09:03) Should Private Equity be in mining?(1:22:01) If you see McKinsey… RED FLAG(1:24:51) Something that needs to LIVE in the Mining Industry(1:31:10) Something in the Mining Industry that NEEDS TO GO

We’ve got three big stories to chat about today. Firstly, The Fumble in the Jungle (or The Battle for Sierra Rutile) has had some exciting developments that we give coverage to. Secondly, Winsome’s (WR1) announced an option to buy the Renard diamond mine (and plant) near to its Adina lithium project and finally Rio Tinto (RIO) and South32 (S32) have received notice that the world’s biggest sovereign wealth Norges (of Norway) may divest its interest on the back of allegations relating to their Brazilian bauxite JV. Sign-up for the Director’s SpecialAll Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Thank you to our Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Join our exclusive Facebook Group for the Money Miners and get access to the Hooteroo chat group Money of Mine on YouTube Money of Mine on Twitter(0:00:00)Introduction(0:00:58)A brand new segment!(0:01:51)The Fumble in the Jungle continues!(0:11:48)Winsome fast-track Adina with Renard deal(0:22:46)Rio & South32 in danger of being divested

Quarterly season has begun! We kick off with diverging reports from Westgold (WGX) and Ramelius (RMS) then move onto Regis (RRL) which disappointed with updated figures from McPhillamy’s.Next up we chatted about some speculation from the Director’s Special which is looking on the money, before touching on a slight of hand at Boss Energy (BOE). Our penultimate story was on Develop (DVP) who share revised figures for Woodlawn and lastly we spoke about one of the ASX’s most intriguing companies, ERA. Sign-up for the Director’s SpecialAll Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. (0:00:00)Introduction(0:02:40)Compare the pair! WGX v RMS(0:10:00)Regis disappoints with McPhillamy's numbers(0:25:30)M&A speculation looks on the money(0:30:05)Boss Energy delays first U(0:34:47)Develop dials up metals prices at Woodlawn(0:42:21)One of the ASX's most intriguing co's: ERA

We’ve got plenty to talk about after the long Easter break, starting with rumours of what Karora business combination could look like. Naturally, we tied Westgold (WGX), Ramelius (RMS) and Pantoro (PNR) into the conversation.Hammer (HMX) & Carnaby (CNB) have finally nutted out an agreeable deal while Nickel Industries (NIC) doubled their stake in the ENC HPAL project in Indonesia. There were plenty more intriguing stories to discuss including a 249D notice at Vintage Energy (VEN), Catalyst’s (CYL) potential working capital challenges, AIC Mines (A1M) ambition to grow in Queensland, Paladin (PDN) achieving commercial production, the unfortunate flooding in Northern Kazakhstan and lastly the completion on the Daunia & Blackwater acquisition by Whitehaven (WHC). Sign-up for the Director’s SpecialAll Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Thank you to our Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Money of Mine on YouTube(0:00:00)Introduction(0:01:53)Who's Karora's mystery partner (0:13:56)Our 1st Birthday drinks(0:16:21)Hammer Metals & Carnaby finally do a deal(0:19:41)Nickel Industries go big in Indo(0:24:44)AIC Mines on the growth path in QLD(0:32:24)A 249D Notice at Vintage Energy(0:36:28)Winsome merging?(0:39:26)CYL's potentional working capital challenges (0:43:20)Paladin hit commercial production + Kazakh flooding(0:45:22)Whitehaven wrap up Blackwater & Daunia

Our conversation with Will Thomson of Massif Capital covered plenty of ground including the art of short selling as well as specific company shorts, the change in sentiment around copper, the long & short of lithium, whether uranium is misunderstood, how Will structures Massif’s portfolio and his lessons from insurance and much more.Sign-up for the Director’s SpecialAll Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative Bladder Tanks Storage for mobile Water storage on your Mine SiteMatt.hall@getwetsolutions.com.au DSI Underground – Ground Support gurushttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical expertssales@smelectrical.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machineadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Join our Facebook Group for the Money Miners and get access to the Hooteroo chat Money of Mine YouTubeMoney of Mine TwitterMoney of Mine LinkedInMoney of Mine Instagram(0:00:00)Big Announcement(0:06:55)Will Thomson(0:09:03)Why short Piedmont Lithium(0:14:43)When's the right time to short(0:20:04)The Fund Manager - Prime Broker relationship(0:25:55)Massif's Lithium Americas holding(0:28:59)Will Milei be beneficial for mining in Argentina?(0:31:33)The Lundin Family BIG copper play(0:36:31)A sentiment change in copper(0:40:41)Copper torque(0:46:05)The right number of positions in a portfolio(0:47:24)The mindset change from insurance to equity investing(0:52:12)Whether to hedge currency risk(0:54:27)The process of writing out your ideas(0:57:02)Centaurus and the broader Nickel market(1:04:03)Are China ramping up Lepidolite to buy Western Mines cheaper?(1:06:43)Has uranium strucutrally changed?(1:09:10)Is this company a fraud?(1:12:49)Massif's Adriactic investment