Money of Mine

We’re delighted to be able to provide the Money Miners with (as far as we know) the first full-length interview with Wyloo CEO Luca Giacovazzi and GM Strategy & BD Joel Turco. Part 2 is all about the deals. We go deep unpacking the dealmaking creativity on Wyloo’s very public transactions. Think of the bidding war versus BHP for Noront. Remember the raid on Regis? Recall the exchangeable note with Hastings? Surely the “hostile” takeover of Mincor is fresh in your mind? The brains trust at Wyloo takes us through a thrilling and detailed rundown of how it all played out behind the scenes. 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 plus much more 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(0:55) Introduction(3:41) Investment in Hastings for Neo(6:28) Battle for Noront vs BHP(19:03) Wyloo’s wedge in IGO’s takeover of WSA(25:21) Wyloo’s acquisition of Mincor – Deal of the Year?(41:51) Too much focus on EVs in the Transition(45:00) Where will we see Wyloo next?

With quarterly season now over, we get to do one of our favourite segments – Name and Shame! Some of the lucky companies that make the cut include Sayona (SYA), Nimy (NIM), New World (NWC), Alice Queen (AQX), Poseidon (POS), AVZ (AVZ), Lefroy (LEX), Jindalee (JRL), and Pan Asia Metals (PAM). We then discuss the great investment that Patriot Battery Metals (PMT) has attracted from America lithium giant Albemarle (ALB.nyse). IGO’s (IGO) new capital management policy is worthy of a discussion, before for Matty takes through the potential for lithium underground mining across Australia, on the back of Allkem’s (AKE) commencement of a  study on the underground potential at Mt Cattlin. With round off by looking at 29 Metals (29M), now that things are back up and running at Capricorn Copper! 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 plus much more 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 (0:00) Preview(0:37) Intro(2:11) Name and Shame time!(8:31) Why have Albemarle taken a stake in Patriot?(14:02) What will IGO do with their Money?(22:10) Who’s going underground in Australian lithium?(37:22) 29M restarting Capricorn Copper!

Last day of quarterly season! We kick things off with the big one, Patriot Battery Metals (PMT.asx) announcing their maiden resource estimate. 109.2Mt @ 1.4 % and plenty to talk about.  Next up is a brief chat about quiet achievers Emerald Resources (EMR.asx) who are looking to wrap up Bullseye Mining. A bit of global news followed, with iron ore giant Vale (VALE.nyse) selling off 13% of their base metals unit to a fascinating pair of investors.  Silver Lake (SLR.asx) announced a guidance number that the market didn’t take a liking to, thanks to Sugar Zone being turned off (at least that was our translation). To tie things off we go into the capital raise and operational update at mineral sands play Strandline (STA.asx), who have hit a snag while ramping up Coburn.  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 plus much more  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  (0:00) Preview(0:59) Intro(4:26) Patriot maiden resource is released!(30:09) Why are Emerald buying up Bullseye?(32:21) What Vale selling stake to International Investors could mean(34:51) Why are Silver Lake down 20% today?!(40:00) What’s the story at Strandline Resources?

We’re nearing the end of the quarterly season, with a few last-minute capital raises being done to sure up the books. On this theme, Strandline (STA.asx) and Centaurus (CTM.asx) get a mention. We go over a bit of Macro with a potential change in the NSW coal royalty being discussed lately. Then, Liontown (LTR.asx) provides a progress update via their quarterly, and Carnaby (CNB.asx) keeps us waiting on their maiden mineral resource estimate. We reserve two longer chats for the fascinating tale behind graphite developer Magnis Energy (MNS.asx), and Calidus (CAI.asx), who are ramping up their Warrawoona Gold Project in the Pilbara.  We round off with some of Mineral Resources (MIN.asx) boss Chris Ellison’s best hits from their quarterly call.  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 plus much more 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(0:31) Intro(3:31) Last Call for Capital Raisings(6:00) NSW Ponders Coal Royalty Change(7:27) What’s the Progress at LTR’s Kathleen Valley(11:20) Carnaby’s Resource Estimate in the Works(12:47) The Colourful History of Magnis Energy(20:50) How’s Ramp-up going at Calidus(29:15) Chris Ellison Hits Out at the Analysts!

We have the delight of being able to share today with the Money Miners a discussion with Doomberg!For those unaware, Doomberg represent a small team of skilled analysts who through their substack newsletter write provocative and thought-provoking content in the macro, energy, finance, and economy-at-large space. They consistently produce work that provides readers with a view that isn’t captured by the mainstream media, and on the back of this, they’ve been able to grow to a subscriber base of north of 175k subscribers.We believe the discussion is well worth your time and encourage any engagement or feedback you have! Doomberg Substack: https://doomberg.substack.com/Doomberg Twitter: https://twitter.com/DoombergT Thanks to our partners at Terra Capital for supporting Money of Mine. 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. 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:(00:00) Preview(00:37) Pre-Interview Introduction(03:38) Welcoming Doomberg(06:56) Doomberg does homework on Money of Mine(07:31) Energy is Life(11:44) Misconceptions in the Energy Market(13:42) All things Nuclear Energy(17:21) Uranium Price View(29:39) Rebuttals to Nuclear Critiques(31:35) Doomberg on Coal(34:30) Private Markets and Coal(38:02) Questioning Transition Assumptions(42:11) Hybrids vs EVs(44:25) Matty confuses global warming and the ozone hole(49:00) Investing where can have influence(51:17) Mass dissonance in society(52:43) Views on DLE - Direct Lithium Extraction

It’s a full episode today deep into quarterly season!  We kick things off with more details on the tough Panoramic (PAN.asx) equity raising… Not a good time for a nickel player to have to raise. The mood lightens somewhat discussing a resource upgrade at Manna, Global Lithium’s (GL1.asx) flagship project.  From Develop’s (DVP.asx) quarterly the main talking point was that they are no longer interested in tendering for the mining services contract at Liontown’s Kathleen Valley. Then, a quick mention on Albemarle’s (ALB.nyse) decision to use Monadelphous (MND.asx) for constructions of trains 3 & 4 at Kemerton.  It was then onto some of the gold names, first up Bellevue (BGL.asx), who’ve drawn down on the debt which has had us talking lately, then RED 5 (RED.asx), who had a solid quarterly at King of the Hills.  Perseus (PRU.asx) might be pick of the bunch as they announced a US$522m pile of cash on the balance sheet.  We couldn’t help but round out with Metals X (MLX.asx), undoubtably one of the most intriguing names on the ASX. Trav even does his best Bill Ackman impersonation, trying his hand at good ol’ fashioned shareholder activism!  Thank you to our Partners at Anytime Exploration Services. If you’re looking for exploration workers, equipment or someone to cut and store your Drill Core, make sure you hit up Seamus Murphy and the team at AES via admin@anytimees.com.  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.  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  (0:00) Preview(0:47) Intro(2:23) Panoramic’s Shocking Raise(5:39) Global Lithium’s Manna Upgrade(13:00) Develop out of Kathleen Valley Process(14:24) Monadelphous win Kemerton Contract(16:15) Bellevue draw down debt(17:54) RED 5 quarterly dive(23:13) Perseus sitting pretty(27:59) Metals X – cheap? 

We unpack the highs and lows (mostly lows) for the quarterly reports released in the last couple of days. Pilbara Minerals (PLS.asx) is the stand-out (as per usual) adding a further $656m of cash to the balance sheet. On the other end of the spectrum, Panoramic (PAN.asx), 29 Metals (29M.asx), Galena (G1A.asx) and Ora Banda (OBM.asx) are all losing money on their operations. We discussed where all those companies are sitting in terms of funds, capital raises and debt-facility drawdowns. Of keen interest to the Money of Mine team, Sayona (SYA.asx) saw some Director’s sell shares on market. Encounter (ENR.asx) have also put their hat in the ring for the West Arunta Niobium chase, releasing 2 holes confirming the presence of the enigmatic mineral. Will WA1 get pipped from 1st place in the West Arunta? 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. 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 InstagramThank you to our Partners at ANYTIME EXPLORATION SERVICES. If you’re looking for Exploration Workers, Equipment or someone to cut and store your Drill Core, make sure you hit up Seamus Murphy and the team at AES via admin@anytimees.com Chapters:(0:00) Preview(0:29) Intro(3:37) Sayona Directors selling shares(5:56) Pilbara Minerals add MORE + MORE cash(10:17) Panoramic raising money(12:44) 29m burning cash at Golden Grove(16:28) Will Galena survive?(22:30) Ora Banda losing on open pits(27:02) Encounter competing with WA1 for Niobium glory

Another jam-packed episode with news from plenty of commodities & jurisdictions!  We start off with South 32 (S32.asx) announcing a write-down of their Hermosa asset, doing their best to one-up IGO’s write-down last week. SolGold’s (SOLG.lse) agreement with the government of Ecuador to develop their huge Cascabel project then gets a breakdown, with some added history of Matty.  Coming closer to home, we run through MinRes’ (MIN.asx) release from late last week, stating that they’ve once again rejigged their deal with Albemarle (ALB.nyse), with regard to Kemerton, China downstream & Wodgina.  Next on the list is Bald Hill, owned by Alita Resources, who fell into administration almost 4 years ago. This one’s a fascinating story, with FIRB rejection of Austroid’s ownership attempt just the latest twist.  We then tuck into Gascoyne Resources (GCY.asx) resource upgrade, more than doubling the size of the Never Never deposit and notching up the grade to over 5g/t.  To round off, we delve into the quarterly report that Core Lithium (CXO.asx) provided the market. This is the 2nd most shorted stock on the ASX, so naturally it was of interest. We pulled back the curtain to see what the shorts were looking for, & whether they’ve been vindicated.  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.  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  (0:00) Preview(0:57) Intro(1:58) South 32 BIG Write-down(8:28) SolGold’s Cascabel inches toward Construction(16:51) MinRes Re-jig’s Albemarle JV(22:33) FIRB Rejects Bald Hill Takeover(31:37) Gascoyne Scales Up at Never Never(44:47) Core Lithium’s Tough Quarterly Vindicates Shorts

We’re delighted to be able to provide the Money Miners with (as far as we know) the first full-length interview with Wyloo CEO Luca Giacovazzi and GM Strategy & BD Joel Turco.This is the team behind the creative acquisitions of Noront Resources and Mincor Resources. Their deal creativity has extended to Hastings Technology Metals, Western Areas, Regis, and more.Now the team is looking to translate their deal innovation into mining innovation as they become an integrated nickel producer with the completion of the acquisition of Mincor. In this Part 1 we get the genesis behind Wyloo and what they are all about today. We go further into the commodities they’re excited by and the tools and their disposal. 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. 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(0:48) Introduction(3:19) Luca Giacovazzi and Joel Turco Introduce themselves(5:51) Wyloo Metals Insight and their Mandate(8:28) Did Wyloo Consider Lithium?(14:40) Wyloo’s Perspective on the Nickel Market(31:43) Wyloo’s WA Nickel Sulphide Plans(40:33) Does Downstream in Australia make sense?(51:55) Wyloo’s thoughts on Rare Earths

Today we had the pleasure of having a deep dive discussion with the one and only Rick Rule. We covered heaps of ground including fundamentals in natural resource investing, the nuclear renaissance, lithium’s rise from obscurity, surging resource nationalism, picking reliable management teams, unloved sectors, and a heap more. To check out Rick’s upcoming Natural Resources Symposium click here 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. 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) Video Preview(0:54) Introduction to Rick Rule(4:23) Contrarianism in Resources Investing(7:20) Lithium Boom is Like Uranium(20:19) Uranium Investment Case(26:09) Coal is the most mispriced(30:26) Investing in high optionality(33:57) Career highlights at Sprott(45:53) Nationalism of resource projects(50:05) Management costs for Exploration(1:00:58) Rick’s upcoming Symposium