Money of Mine

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

We covered lots of ground today, filling the Money Miners in on Mining News from across the globe. In our deep-dive we expand upon Mineral Resource’s (MIN.asx) late announcement on Friday, honing in on the cancelled lithium offtake with Ganfeng for Mt Marion. We also touch on the rumoured Barrick Gold (GOLD.nyse) bid for First Quantum (FM.tse); trouble at Lake Resources (LKE.asx) as capital costs emerge; progress in Brazil for Centaurus (CTM.asx); Lynas (LYC.asx) a little late with Kalgoorlie Facility; Sheffield (SFX.asx) 90% complete construction; Pantoro (PNR.asx) refinances their debt; and Albermale pays $30m for Lithium ground in WA. 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(0:19) Introduction(2:25) Barrick bidding for First Quantum?(5:34) Lynas updates on Kalgoorlie Processing Facility timing(7:57) Hudbay merger with Copper Mountain get approval(9:00) Centaurus buy back their offtake rights(11:49) Sheffield construction update(13:51) Lake Resources tumbles on capital cost reveal(18:36) Pantoro refinance debt ahead of merger with Tulla(20:28) Albermale pay $30m for Lithium exploration ground in WA(21:38) New Copper IPO on ASX backed by Tembo(24:03) MinRes cancel their offtake with Ganfeng for Mt Marion(39:55) Wrap-Up

Mr Flanagan himself dials into the show to add some colour to the conjecture we posed in yesterday’s episode. What an enigmatic character! Plus Trav’s Top Tweets does not disappoint. This one features three mining legends and one day-trading mystery. Follow the recipients of the noble awards on Twitter directly: @shaerussell @Pete__Panda @TwinTurboCe1ica @DavidFlanagan_ In the recap, we cover the trading halts of De Grey (DEG.asx), Predictive Discovery (PDI.asx), and Latin Resources (LRS.asx). Allkem (AKE.asx) gets a mention with a mine-life update for Mt Cattlin. Polymetals (POL.asx) commence a restart study for Endeavour. In addition, Jervois (JRV.asx) have started their US Department of Defense work and Adriatic (ADT.asx) produce a stonker intercept. 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(0:19) Intro(1:55) Trading halts at DEG, PDI and LRS(5:25) Allkem (AKE.asx) update Mt Cattlin Reserves(6:19) Polymetals (POL.asx) commence Endevour Restart Study(8:52) Jervois (JRV.asx) commence US DoD work(9:53) Adriatic (ADT.asx) drill stonker!(12:56) Interview with David Flanagan of Delta Lithium (DLI.asx)(36:08) Trav’s Top Tweets(41:35) Wrap-Up

We’ve got a cracking episode for the Money Miners today.  This one involves Hancock, Legacy Iron Ore, Hawthorn Resources, Delta Lithium + more.  Gina Rinehart, recently crowned the richest Australian again, has made her move (via her privately held business Hancock) into the lithium (and broader critical minerals) market.  We unpack what the details of the deal are, what it means for the surroundings parties, plus what’s going on in the lithium market globally. We even have a few juicy ‘Word on the Decline’ treats in store!  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  

Today we do a deep dive into the current situation for Panoramic Resources (PAN.asx) who today announced that their filter press pressure plate has a crack in it as their Savannah Nickel Project ramps up in the Kimberley. We look at the operational implications and also the potential for a stressed balance sheet amid what looks like a few weeks of lost production at a critical time, ramp-up!In the other news of the day, Delta Lithium (DLI.asx) completed a strategic placement at a 7.5% premium to Idemitsu, a Japanese trading business. Kalium Lakes (KLL.asx) has provided an operational update to the market which doesn’t look like good news for shareholders as they remain in suspension and a strategic process has been kicked off. And Tim Goyder has increased his stake in Tanzanian gold developer, OreCorp (ORR.asx), as revealed in an announcement today.All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram

On the show today we take look at AVZ Minerals and the never-ending ownership disputes over the Manono lithium project. AVZ was a darling of the 2021 lithium boom and carried good momentum into 2022, but has now been in suspension for over a year. Lawsuits have been announced left, right and centre, so we get Money Miners up to speed with the latest and have a go and identifying potential outcomes for the company. All Money of Mine episodes are for informational purposes only and may contain forward looking statements that may not eventuate. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Follow Money of mine on YouTube Follow Money of mine on Twitter Follow Money of mine on LinkedIn Follow Money of mine on Instagram