Money of Mine

We’ve got a couple great deep dives for the Money Miners today, with De Grey (DEG) and Latin Resources (LRS) releasing significant studies for us to enjoy. We also give a brief shout out to 29 Metals (29M), who attracted only 10% of their retail shareholders into their entitlement offer, plus MinRes (MIN) getting the greenlight for Bald Hill and Gina appearing to pick up another 2% of Liontown (LTR). 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 sector Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more JP Search – Recruitment specialists for the financial world K-Drill – Safe, reliable, and productive surface RC drilling SMEC Power & Technology – Electrical specialists for the mining industry 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(0:48) Intro(2:29) The De Grey DFS finally drops(23:34) Latin Resources release “robust” PEA(35:48) 29M retail investors take up just 10%(37:54) Gina buying up more LTR(38:46) MinRes scooping up Bald Hill gets the green light

Today we had on the show Jonathan Fisher, CEO of Cauldron Energy, to chat through what the stance on uranium mining and nuclear power generation currently looks like in Australia. Jonathan shared his thoughts on various commonly cited critiques of why nuclear isn’t viable as a fossil fuel free energy source, as well as what would have to change for mining to commence and the flow on effects of that. 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 sector Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more JP Search – Recruitment specialists for the financial world K-Drill – Safe, reliable, and productive surface RC drilling SMEC Power & Technology – Electrical specialists for the mining industry 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(0:39) Intro(4:42) Is the momentum changing?(7:54) What’s the current lay of the land for uranium in Australia?(11:25) Laws around Nuclear Power generation in Australia(13:36) Why haven’t laws been amended by previous governments?(16:27) Step by step through the common critiques of nuclear power(32:28 Why is it framed as renewables versus nuclear?(36:08) How important is the proper rehabbing of Ranger(38:50) What is in-situ uranium mining(43:43) Will In-Situ recovery of Uranium influence WA policy change?(46:56) If Australia goes Nuclear, what does it look like?

We had a big news day, though we were left with plenty of questions. MinRes (MIN) announced plans for a US$850m debt offering to fill the coffers, whilst Gina’s stake of lithium developer Liontown (LTR) rose to 10.7%. We had a yarn about the sorry stake of the zinc market resulting in the unfortunate decision some miners are having to make, putting their assets of care and maintenance. Black Cat (BC8) revealed a funding plan for Paulsens restart while Strandline (STA) changed their leadership in an attempt to address their ramp up struggles. Coronado (CRN) is now majority owned by a Czech billionaire and lastly Lindian (LIN) the rare earths developer announced and off-take agreement with a London based commodity trader. 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 sector Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more JP Search – Recruitment specialists for the financial world K-Drill – Safe, reliable, and productive surface RC drilling SMEC Power & Technology – Electrical specialists for the mining industry 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(0:28) Intro(3:24) Dividends being issued this week(3:54) MinRes fill up the war chest with US$850m(13:02) Gina inches up on Liontown’s register(19:01) Zinc miners having a tough time(25:04) Black Cat secures Paulsens funding(37:11) Strandline leadership shake up(39:44) 51%-stake in Coronado changes hands(42:05) Lindian locks in off-take agreement

More M&A! Matty’s predictions are starting to bear fruit with Australian Vanadium (AVL) and Technology Metals (TMT) announcing a $217m merger today. Allkem (AKE) updated shareholders on everything they’ve got going on under the sun, so we waded through the 100’s of pages for the important info. Last up we commented on consolidation in the potash sector, with limited details as of yet on the Agrimin (AMN) and Kalium Lakes deal. 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 sector Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more JP Search – Recruitment specialists for the financial world K-Drill – Safe, reliable, and productive surface RC drilling SMEC Power & Technology – Electrical specialists for the mining industry 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(0:56) Intro(3:35) AVL & TMT announce the most logical of mergers(19:10) Allkem update on everything(32:29) Agrimin scooping up Kalium’s assets

We get into the weeds of how Harvest Lane eek out returns year in year out through announced M&A deals and corporate events in this interview with PM, Ben Bailey.Their strategy contrasts greatly with many previous guests on Money of Mine, so it was a great opportunity for us to get up to speed with an important player in the world of ASX corporate deals. 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 drillingTopdrill – Drilling into the future Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALDFollow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(1:01) Intro(4:19) Ben Bailey Hoins Us(8:39) What is the Harvest Lane strategy?(14:23) Is it Value Investing?(18:10) Corporate events you’re attracted too?(22:15) The different takeover mechanisms and what they mean(26:11) Why didn’t Liontown trade at $3 a share?(30:22) Mincor Wyloo trading dynamic unpacked(35:20) Portfolio Management with this Strategy(38:30) Using the RBA cash rate as the Benchmark(42:04) Shorting the Bidder to Hedge Market Exposure(44:05) PRN / DDH Scrip Dynamics and DVP / ESS(47:19) Deal sweeteners & counterbids!(54:07) Getting Active: IGO / Western Areas(56:40) Orecorp / Silvercorp Merger(1:02:02) Ramelius / Westgold / Musgrave Case Study(1:05:00) DDH / Perenti Kicker Possibility

We had a chat with the founder of Noah’s Rule, Sean Russo, to help us build knowledge on a vital aspect of financing mining projects. The topic is often misunderstood, with many misconceptions out there that we clear up today. We’re all the wiser for hearing what Sean had to say. 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 drillingTopdrill – Drilling into the future 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(1:18) Introduction(5:06) Introducing Sean Russo(7:20) The biggest misconceptions(10:00) Clearing up the Sons of Gwalia history(18:06) Predicting gold price by looking at miners’ hedge books(22:38) Is there actually merit in hedging??(29:29) High-cost miners tend to gear up the most(31:38) Foreign exchange in hedging(35:20) Red5, Calidus and Capricorn – How it Works(41:40) Hedge Book as a Liability(46:20) Disclosure Issues?(51:27) How Did Regis Get Such A Bad Hedge Book?(59:50) Sons of Gwalia M&A for Hedge Book(1:00:55) What is Macquarie’s REAL Downside in Calidus Example?(1:07:17) What’s with the Occupy Wall Street poster?

We start today with a couple of shorter bits of news – Ramelius (RMS) going compulsory on Musgrave (MGV) plus a top shareholder selling down their Hastings (HAS) holding. Then, Aeris (AIS) gets a deep dive as we explore there year from hell on what can be done to arrest the decline. We finally found a reason to talk about Lindian (LIN) too, with a company update giving us more than enough reason to take a peak into this fast moving rare earths play. 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 sector Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more JP Search – Recruitment specialists for the financial world K-Drill – Safe, reliable, and productive surface RC drilling SMEC Power & Technology – Electrical specialists for the mining industry 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(0:40) Intro(3:15) Ramelius goes compulsory on Musgrave(4:31) Hastings major shareholder selling down(5:42) Deep dive into Aeris’ poor performance(22:43) What’s the story at Lindian

Just two companies on the menu today, but boy did we get stuck into them. Whitehaven (WHC) was first up as they’d confirmed their interest in purchasing two Queensland metallurgical coal assets in Daunia & Blackwater. This led us to going deep into all the ins and outs of WHC. Our second story was Cyprium (CYM) who are the proud owner of the old Nifty mine. They’ve finally completed a recapitalisation of the business which was a great excuse to get up to speed on the history of the mine to see what these shareholders are in for. 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 sector Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more JP Search – Recruitment specialists for the financial world K-Drill – Safe, reliable, and productive surface RC drilling SMEC Power & Technology – Electrical specialists for the mining industry 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(0:33) Intro(2:42) De Grey and Wildcat clarifications(6:02) Should Whitehaven buy Daunia & Blackwater?(43:18) Are we going to see Cyprium trade soon?

There were plenty of news drops late on Friday plus a load more today to keep us busy.First up is Wildcat (WC8) who have merged from suspension with lithium results that the market is loving.We provide an update on the Abyssinian 249D which went to a vote on Friday, then talk of another company who are in the midst of corporate changes at VHM limited (VHM).Next up is Develop Global (DVP), where the Independent Experts left MD Bill Beament with some ripping quotes in the AFR by classing the scheme with Essential Metals to be ‘not fair but reasonable.’Red5 (RED) came on our radar with a big block of stock changing hands and turning heads, with Silver Lake (SLR) being identified as the buyer.Last up, De Grey (DEG) dropped their annual report late of Friday, which gave us an excuse to snoop through and have a yarn about their upcoming and hot anticipated DFS. 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 industry 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(1:01) Intro(5:31) Wildcat flying on lithium hits(21:43) Abyssinian shareholder go to vote(24:32) VHM ringing the board changes(27:29) Develop’s takeover of Essential deemed ‘Not Fair’(36:09) A block of Red5 stock changes hands, Silver Lake the buyer(45:50) Pre-empting De Grey’s DFS

We serve up four fascinating stories for the Money Miners, opening with what fundies around Australia are saying about the market, small caps, and commodities. Sigma Lithium (SGML.tsx), the Canadian-listed lithium, caught our eye by essentially announcing itself for sale which naturally had us chatting. Another overseas listed company, Greatland Gold (GGP.lse) was next up as they announced their ASX listing on hold plus an investment from Wyloo. We went deep into what their situation currently looks like. Leo Lithium (LLL) was our final story of the day, which another trading halt concerning investors, on top of yesterday’s announcement confirming the change of investment made by Ganfeng. 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 industry 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(0:45) Intro(2:57) What Investors Are Saying About Macro Right Now(7:03) Sigma Lithium Looks to be For Sale(11:17) Greatland Gold’s ASX listing on ice, future in the balance(30:10) Leo Lithium into ANOTHER trading halt