Money of Mine

We start off today with a bit of M&A unhappiness as the once happy takeover of OreCorp (ORR) by Canada’s SilverCorp seems to have soured. Next up we had a quick word on Patriot Battery Metals (PMT) drilling from CV9. AIC Mines (A1M) reserve upgrade for Lens 6 at the Eloise copper mine caught our eye as the company looks to expand the plant and lift production over the coming years. Copper behemoth Codelco got a shout out as they elected to spend more at Chuquicamata in the face of declining grades, deeper mines and rising costs. Lastly, WestGold (WGX) topped up their liquidity with a $100m RCF which naturally got the rumour mill going again. 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 Podcast Partners: DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and more JP Search – Recruitment specialists for the financial world Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram TIMESTAMPS (0:00:00) Introduction (0:00:48) An in-love Underground Miner (0:04:43) Could we see a shareholder revolt at ORR? (0:12:31) Patriot Battery Metals hitting new pegmatites (0:14:08) Could AIC Mines new reserves boost cashflow? (0:26:50) What Codelco has to spend just to maintain production (0:31:10) Westgold top up cash facilities… what for?

Matty led the way today diving into the key risks that Liontown (LTR) will face over the coming quarters as they construct & ramp up the big Kathleen Valley Lithium project before Trav & JD dissected the sale of Khoemacau to Chinese miner MMG. Northern Minerals (NTU) caught our eye with a truly unique 249D process as well as intriguing deals at Charger Metals (CHR), announcing a farm-in with Rio Tinto as later a capital raise. Lastly, we called out some funky announcements, honing in on a headline that caught our eye from Pure Resources (PR1). 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 Podcast Partners: DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and more JP Search – Recruitment specialists for the financial world Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram TIMESTAMPS (0:00:00)Introduction(0:01:30)Scouring Australia for Mining Land(0:04:07)Big Federal Government news(0:06:10)What could go wrong at Liontown?(0:23:32)Khoemacau gets bought for almost US$2B!(0:36:33)A 249D with a twist at Northern Minerals (0:39:58)What to make of Charger Metals Rio deal & raising

We start off the week by dissecting the capital raisings of Spartan (SPR) and Peninsula (PEN), focusing on some vague & excessive “use of funds” figures. Next up we look at Glencore making headway on some lithium deals, with Canadian listed Tantalex and ASX play Galan (GLN) on the other side of the table. We had previous guest Todd Malan drop by to share some punchy thoughts the rumoured Indonesia-USA free trade agreement before rounding out with a snippet from MinRes’ (MIN) action packed AGM late last week. 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 Podcast Partners: DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for ITs, normets, trucks and more JP Search – Recruitment specialists for the financial world Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram TIMESTAMPS(0:00:00)Introduction(0:01:58)Big News out of the Exploration Industry(0:05:04)Spartan Raise(0:11:43)Peninsula Raise(0:15:23)Glencore Lithium offtake(0:20:36)Todd Malan on Indonesia FTA with U.S.<

On part 2 of our fascinating chat with natural resource fund manager Sam Berridge we pulled apart a number of his stock picks, highlighting the potential as well as the pitfalls to watch out for. We discussed whether uranium equities or the physical trusts are a better way to play the nuclear thesis as well as a detailed version of under-rated and over-rated, covering commodities, stocks, ideas and much 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 Podcast Partners: DSI Underground – Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and more JP Search – Recruitment specialists for the financial world Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram TIMESTAMPS(0:00:00) Introduction(0:01:30) Fun Underground Facts with Matty(0:10:40) What’s Chris & Gina’s strategy(0:20:39) SPUT vs Paladin(0:27:37) Metals Acquisition Corp re-rate(0:32:46) De Grey’s DFS thoughts(0:37:08) Explain Ora Banda(0:45:01) Genesis’ journey to 300kozpa(0:51:01) Will Silver Lake merge with Red 5?(0:54:58) One sentence answer round(0:55:53) Under-rated vs Over-rated

We had the opportunity to sit down with Sam Berridge, natural resource fund manager at Perennial, for a wide-ranging chat. We started on the state of the market & how we got here, then moved onto the influence on the US and what their interest rate decisions mean, followed by discussing how China’s position in commodities and influences has changed over time. We then delved into the growing significance of nuclear energy and the role that’ll play in the energy transition as well as a chat on how policy decisions have positioned the Australian East Coast energy makeup. We hope the Money Miners enjoy part 1! 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 Podcast Partners: DSI Underground – Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and more JP Search – Recruitment specialists for the financial world Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram TIMESTAMPS(0:00:00) Introduction(0:01:38) Hot Goss in Family Offices(0:07:23) Sammy B back on Money of Mine(0:10:31) The state of the market(0:12:05) Where are US interest rates going(0:16:02) What does the size of US debt mean(0:18:52) Will China’s stimulus ever arrive?(0:21:00) Have we seen the end of the One Belt One Road Initiative(0:22:21) How to interpret uranium price breakout(0:28:52) Do SMRs have a big role in the uranium bull thesis(0:39:42) What’s the East Coast gas play?

A brief word on the MinRes buying of Azure stock before we opened up on the continuing woes at Panoramic (PAN). We had a detailed chat about Teck finally selling their metallurgical coal assets to a consortium made up predominantly by Glencore then onto Assore International’s rejected bid to takeout Atlantic Lithium (A11). We closed off with a rapid round on True North Copper’s (TNC) capital raise and Technology Metals (TMT) shareholders not liking the merging with Australian Vanadium (AVL). 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 Podcast Partners: DSI Underground – Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and more JP Search – Recruitment specialists for the financial world Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram TIMESTAMPS(0:00:00) Introduction(0:00:43) Big Exploration News(0:04:55) MinRes confirmed as buyer of more Azure shares(0:07:19) Panoramic woes continue(0:10:17) Teck finally announce met coal sale to Glencore consortium(0:22:34) Atlantic Lithium bounce 2nd takeover attempt(0:31:54) Rapid fire round up

Azure is getting bid well over $4/share so naturally that got us chatting today. Then, big news out of America that ExxonMobil is “becoming a lithium business”. We touched on a rare earths IPO that counts both Gina Rinehart & Whitehaven Coal of all groups as shareholders then we broke down the Allkem/Livent merger to answer a couple questions around who’s contributing more and which participants are incentivised to do what. Lastly, Matty drew up a new segment, asking the team to draw some M&A-related predictions from the mining world. 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 Podcast Partners: DSI Underground – Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and more JP Search – Recruitment specialists for the financial world Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram TIMESTAMPS(0:00:00) Introduction(0:06:48) Is Pilbara buying Azure shares?(0:11:21) ExxonMobil entering the Lithium Arena(0:15:09) Whitehaven Weirdly in Gina’s Rare Earth IPO Play(0:17:58) Unpacking the Allkem / Livent Merger as Activists Speak Up(0:32:20) Matty’s Crystal Ball Predictions

Plenty to talk about this week with Delta Lithium (DLI) rattling the tin for a big $70m. We dissect the angle that ChrisGina have & what their true intentions with Delta are. Infinity Lithium (INF) got a mention with the award of an €18.8m (A$31m) grant from the Spanish government to breath some life into the story whilst we tossed up what the fire at the Ozerny mine could mean for the zinc market. We rounded off with a chat about the issues facing First Quantum (FM.tse) with the Cobre Panama mining concession at risk of being revoke after a popular uprising in country. 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 Podcast Partners:DSI Underground – Supplier of Ground Support Products to the Mining and Tunnelling industriesTerra Capital – Specialist investment manager in the natural resources sectorMcMahon Mining Title Services (MMTS) – Australia-wide tenement service expertsFutureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commoditiesAnytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreKCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and moreJP Search – Recruitment specialists for the financial worldBrooks Airways – Perth’s leading charter flight operatorsK-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00:00) Introduction(0:05:24) The BIG Delta Lithium capital raise(0:29:07) Infinity Lithium get $31m from the Spanish Government(0:33:29) Will zinc continue to stink?(0:34:55) Why has Cobre Panama led to 50%-fall in share price for First Quantum(0:40:30) Magnis Energy Debt Breaches(0:40:59) Centaurus DFS Pushed Again

We had three deep dives to share today, starting with Delta Lithium’s (DLI) exploration results, where we hone in on whether the metallurgy will present any problems. Next up we chat about NexGen Energy (NXG) who received provincial environmental assessment approvals, another step on the way to developing the Rook 1 uranium project. Pantoro (PNR) also made the cut by selling base & battery metals rights over their Norseman tenements for “$60m”. We had a rapid fire round touching on First Quantum, Tietto, NRW Holdings, Pilbara Minerals, Wildcat and Arizona Lithium. We rounded off with a brand new segment called “Which project am I”, with Trav riddling some clues for the Money Miners to take a stab at guessing. 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 Podcast Partners: DSI Underground – Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting, storage + much more KCA Site Services – Underground mining machine hire for ITs, normets, trucks and more JP Search – Recruitment specialists for the financial world Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram Timestamps:(0:00) Preview(0:14) Intro(1:19) Underground Jumbo in action(5:09) Correction for Delta Lithium vote(6:57) The Copper at Mt Ida(12:43) Nexgen PEA approval for ROOK I(17:49) Pantoro’s lifeline(22:55) Rapid Fire(24:48) Trav’s RIDDLE

We’re in November, which is in addition to being the month of moustaches, is AGM season. And we’ve got Ally GC in the hotseat to get us excited for it. Wildcat (WC8) is out raising some funds for Tabba Tabba while Sayona (SYA) drops the “Strategic Review” phrase. We rapid fire look at Orecorp’s merger progress, Southern Cross’ drill hits, and Impact Minerals’ (IPT) Scoping Study. 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 Podcast Partners:Terra Capital – Specialist investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreJP Search – Recruitment specialists for the financial worldK-Drill – Safe, reliable, and productive surface RC drillingSMEC Power & Technology – Electrical specialists for the mining industryKCA Site Services – Underground mining machine hire for ITs, normets, trucks and moreMcMahon Mining Title Services (MMTS) – Australia-wide tenement service expertsBrooks Airways – Perth’s leading charter flight operatorsFutureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(0:24) Intro(2:24) Matty’s interesting airplane statistic(12:53) AGM Season is Upon Us(16:23) The Crazy Feline (WC8) Rattles the Tin for up to $100 million(29:59) Sayona’s (SYA) Strategic Review(36:23) Orecorp (ORR) Merger Moves Forward(38:03) Southern Cross Gold’s (SXG) Big Hits(41:40) Impact Minerals (IPT) Scoping Study