Money of Mine

The new financial year is here with a bang!  We’ve got plenty of deals to talk about, starting with Develop (DVP.asx) lobbing an all-scrip bid for lithium player Essentials Metals (ESS.asx).  Matty then unpacked Genesis Minerals (GMD.asx) reserve statement following the completion of their purchase of the Leonora Gold Project.  We rounded out the episode on some more exciting M&A, with Ramelius (RMS.asx) coming over the top of Westgold (WGX.asx) to agree a takeover deal for Musgrave (MGV.asx)!  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.  Follow Money of Mine on YouTube  Follow Money of Mine on Twitter  Follow Money of Mine on LinkedIn  Follow Money of Mine on Instagram  

We’ve got another fundie interview for the Money Miners today. We had the pleasure of speaking with Karim Nasr, CEO of La Mancha Resource Capital LLP. He was joined by Technical Director, Graham Crew, who is a fellow Money Miner himself. We cover a lot of territory about this giant fund in the industry that most people in Australia don’t know much about at all. 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. Sign up for our new Weekly Newsletter. Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram

The Money of Mine team is back together in the studio again and humming! We start today’s chat with the WA government’s announcement that the heritage laws proposed to be implemented come July 1, 2023, have been pushed back for 12 months. Then, we update the Money Miners on the announcement from Panoramic (PAN.asx) regarding their previously flagged processing plant issues before cracking open MacMahon’s (MAH.asx) last-minute guidance update. We then try to interpret what we can as to the goings-on at the Port of Geraldton, in particular as it relates to Fenix (FEX.asx), Mt Gibson (MGX.asx), and other interested parties. Our longer chat is reserved for West African Resources (WAF.asx), the Burkina Faso gold miner, who updated their shareholders with the news that they’d secured US$265m in financing for the construction of the Kiaka gold project. We peered into the financing details, their discounted shares, and a bit of speculation! 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. 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(0:36) Intro(2:52) WA Heritage Laws(7:41 )WA1 Grow Luni(12:52) Panoramic processing headaches(18:05) MacMahon’s last-minute guidance update(20:08) The in-demand Port of Geraldton, Fenix & Mt Gibson (& Lithium?)(25:13) WAF going big on Kiaka(37:14) Outro

The gift of mining M&A keeps giving as we start the show by delving deeper into the deal involving Westgold (WGX.asx) and Musgrave (MGV.asx). The Money of Mine team then shares some thoughts on the announcements from Encounter (ENR.asx), Ora Banda (OBM.asx), Aeris (AIS.asx), Carnaby (CNB.asx), Mincor (MCR.asx) and NRW Holdings (NWH.asx). As a deeper dive we took Jervois’ trading halt pending a capital raise as an opportunity to pull apart what their financings deals, future plans, and potential pitfalls may be. 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. 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(0:34) Intro(1:47) MGV WGX plots thickens(9:49) Encounter hit mineralised carbonatites(11:31) Ora Banda crushing difficulties(13:07) Aeris resource update(14:14) Carnaby release met work(15:55) Hot Chili sell royalty(20:03) Wyloo’s Mincor ownership inches higher(20:17) NRW letter of intent at Mt Cattlin(21:31) Jervois capital raising… again!

Another action-packed episode from all around the country! We warm up with announcements we noticed from AngloGold Ashanti (AGG.asx – soon to be delisted), BCI Minerals (BCI.asx), and Challenger Gold (CEL.asx). Vulcan’s (VUL.asx) deal with NYSE-listed SLB gets discussed before we head to the Cobar for an update on what’s going on corporately at both Polymetals (POL.asx) and Kingston (KSN.asx). Our story of the day takes us to “Tin Barron” land, via Tanami Gold (believe it or not). Metals X (MLX.asx), ASX’s sole pure-play tin producer, is our main top of the discussion and we’re particularly intrigued by their changing ownership structure as well as their corporate strategy. 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. 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(0:33) Intro(4:08) AngloGold Ashanti make renewable investment(6:57) BCI agrees on offtake with Itochu(7:30) Challenger Gold director buying(8:50) Vulcan’s deal with SLB(11:29) Polymetals pre-payment & capital raise(14:36) Kingston out of trading halt(17:09) Metals X & Tin Market Deep Dive(47:25) Outro

We’ve got a big episode in store for the Money Miners today, with the one and only Matty Michael back in the studio fresh from his East Coast adventure. We kick things off with Musgrave (MGV.asx) advising shareholders to reject the Westgold (WGX.asx) takeover proposal, then staying on the theme of takeovers, we talk through what the hold-up is at Mincor (MCR.asx), with Wyloo looking to wrap things up pronto! Calidus (CAI.asx) signed a framework agreement which gets a mention as well as Capricorn (CMM.asx) who closed out some hedges, fixing our upside on some potential upside. Galena (G1A.asx), Global Lithium (GL1.asx), Encounter (ENR.asx), & Strictland (STK.asx) also get some time in the limelight with their respective announcements today. We save our big chat for Perenti’s (PRN.asx) bid to acquire fellow mining services business DDH1 (DDH.asx). A couple of months in and Money of Mine is already expanding to new (adjacent) sectors! 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. 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(0:46) Intro(3:47) Musgrave REJECTs Westgold(16:58) Wyloo looking to wrap up Mincor(21:25) Calidus sign framework agreement(25:16) Capricorn close out hedges(30:11) Galena provide Abra update(32:27) Global Lithium make Kairos investment(33:23) Encounter the nearology play looking to excite(35:22) Strictland sell Millrose to Northern Star(38:12) Perenti make bid for DDH1(57:32) Money of Mine group chat & newsletter!

In this episode of Money of Mine, we had the great pleasure of interviewing Allan Trench. Allan was kind enough to give us a shout-out in his latest Strictly Boardroom column, which he has written along with John Sykes for nearly 2 decades. The article, titled “Five Rules of Resources Sector Investing” is the premise of our discussion today, from which we expand upon Allan’s extensive expertise as well as many great stories & anecdotes. Throughout his career Allan has held key roles in notable mining and resources companies, contributing to the exploration and management of nickel, gold, and base metal projects. Currently serving as the MBA Director and Professor of Practice at UWA Business School, Allan is highly regarded in the industry. Additionally, he holds a research position at the Centre for Exploration Targeting, University of Western Australia. We hope you enjoy the chat! Article link: https://www.miningnews.net/strictly-boardroom/opinion/1454671/five-rules-of-resources-sector-investing 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. 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) Pre-interview introduction(9:10) Rule #1 – Does the company value pass the smell test?(18:55) Rule #2 – If you listen to the MD for five minutes then….(22:52) Rule #3 – Avoid being either too smart or too dumb(30:42) Rule #4 – Don’t try to catch a falling knife(43:10) Rule #5 – Dividends are good too (as are conservative balance sheets)

We give the ASX lithium stocks a break for the day and focus on a number of different gold announcements, plus something to look out for on the ASX. Northern Star (NST.asx) announced a huge $1.5B investment to expand the KCGM (aka the Super Pit) processing plant, while Gold Road (GOR.asx) gave an update from Gruyere. De Grey (DEG.asx) revealed an exploration expansion in a deal with Canadian-listed Novo Resources plus we take a close look at what ‘speeding ticket’ means in the market in the context of AW1.asx, and a couple of things to keep your eye on. 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. 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(0:22) Introduction(2:06) Northern Star – KCGM Expansion(14:50) Gold Road Guidance Downgrade(16:40) De Grey Exploration Investment(20:58) AW1 with an ASX Speeding Ticket – A Case Study(27:54) Upcoming Interview Revealed

Today we dive into Sayona’s (SYA.asx) NAL Carbonate Technical Study (not a PFS) and look back at the Leonora saga, now that St Barbara (SBM.asx) shareholders have approved the Leonora sale. There is speculation from The Australian that Silver Lake (SLR.asx) is looking for an alternative M&A target and we give our opinion on these, plus we throw in a couple of other possibilities. Matty dials in with an update from the Gold Series over east. Rio Tinto (RIO.asx) is spending US$500 million on an underground copper development while Adriatic (ADT.asx) updates the market on progress at Vares (see progress video). Also, shout out to the participants of Vinnies’ CEO Sleep Out: Westgold team, David Sun and Mark Ruston. 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. 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(0:17) Intro(1:31) Vinnies CEO Sleepout(2:57) Rio Tinto makes copper investment(8:10) The SLR GMD SBM saga is over!(23:25) Matty calls in from the East Coast(30:40) Sayona Lithium releases ‘Preliminary Technical Study’(38:57) Adriatic provides Vares project update

Today we touch base with Matty who is flying out to the east coast this afternoon to represent the Money of Mine team in true fashion. The mining news that caught our eye today includes: Navarre (NML.asx) entering voluntary administration; Leo Lithium (LLL.asx) and Latin Resources (LRS.asx) increasing their Lithium Mineral Resources while Regis (RRL.asx) depleting their Gold Mineral Resource; Talga (TLG.asx) get closer to developing Vittangi; BCI Minerals (BCI.asx) update costs and timing for Mardie; and Azure (AZS.asx) roll out more assays for their Andover Lithium Project which some brokers are ascribing a billion dollar valuation to already. 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. 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(0:32) Update from Matty(4:17) Introduction(5:39) NML enters voluntary administration(9:25) Leo Lithium with a top 5 Resource(14:15) LRS upgrade their Lithium Resource(15:53) Talga edges closer to development(18:53) Regis’ Reserves are Falling(21:19) BCI updates Project Economics(24:46) Valuing Azure (AZS) with a few more intercepts(35:45) Wrap-Up