The Northern Miner Podcast

We're going high-tech this week with a focus on technological metals and the future of big data in the mining industry. Matt chats with Cobalt 27 Capital’s (TSXV: KBLT) chairman and CEO Anthony Milewski (7:30) about the rising interest in technology metals like cobalt (13:00) and lithium. Anthony talks about his recent visit to LME Week in London, England, where he heard some bullish talk about the mid-term outlooks for copper and nickel (18:00). We also discuss a recent announcement by Volkswagen (US-OTC: VLKAY) and the near-term applications of lithium-ion battery technologies for civil power grids (13:48). Matt then sits down with Kevin Reardon (27:30), ‎Energy and Mining Advisor at IBM's (NYSE: IBM; LON: IBM) Natural Resources Solution Centre, at The Northern Miner's Progressive Mine Forum (PMF). We dig into the potential applications of big data and machine learning in the mining industry. Kevin outlines IBM's approach to the natural resource sectors and how he thinks technology might impact everything from exploration to production. We specifically chat about IBM's Watson artificial intelligence (AI) technology, and teaching computers to think like geologists and engineers (29:00)! Articles referenced: Cobalt 27 offers ‘pure play’: http://www.northernminer.com/news/cobalt-27-wants-offer-pure-play-battery-metal-exposure/1003787537/ Editorial: Iamgold’s Letwin tells of hard lessons learned in keynote at PMF: www.northernminer.com/people-in-mini…mf/1003790723/ Video: Progressive Mine Forum 2017: www.northernminer.com/news/progressi…am/1003790631/ Music Credits: "Exciting Trailer" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Watch out! It's the Northern Miner podcast Halloween special wherein we get pretty spooky. Lesley and Matt are back from the Progressive Mine Forum (PMF) in Toronto with a delicious selection of content from keynote speakers, round-tables, and interviews. This week Lesley sits down with Pavel Adbur-Rahman, who leads IBM's AI & Advanced Analytics Consulting Practice in Canada, and Robin Fell, who serves as Goldcorp's director of strategic technology solutions. The group discusses big data and how it ties into geosciences and discovery! Meanwhile, Matt digs into BMO Capital Markets report on LME Week 2017, which is the annual gathering of the global metals community in London. Representatives from the entire supply chain meet to discuss current trends in metals markets and what to expect for the year ahead. We sort through BMO Capital Markets "LME Week 2017 Preview" analyst note and chat about some major macro trends that could impact industrial mineral markets heading into 2018! Bonus: Zombies! LME Week intro 2:50 Commodity price round-up 4:12 Macro-economic update 5:00 Zinc & copper chat 5:30 Underlying metal demand 6:43 Cobalt and lithium 9:15 Geology Corner ft. IBM & Goldcorp 12:00 Articles referenced: Full transcript: Iamgold CEO Letwin on cost control, innovation and gold’s bright future: http://www.northernminer.com/people-in-mining/full-transcript-iamgold-ceo-letwin-cost-control-innovation-golds-bright-future/1003790792/ Stornoway’s Matt Manson speaks on the struggle to build Renard at PMF: http://www.northernminer.com/news/stornoways-matt-manson-speaks-struggle-build-renard-pmf/1003790764/ Editorial: Iamgold’s Letwin tells of hard lessons learned in keynote at PMF: http://www.northernminer.com/people-in-mining/editorial-iamgolds-letwin-tells-hard-lessons-learned-keynote-pmf/1003790723/ Video: Progressive Mine Forum 2017: http://www.northernminer.com/news/progressive-mine-forum-2017-livestream/1003790631/ Music Credits: "Classic Horror 1" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Classic Horror 2" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we've got a geological bonananza! Lesley sits down with Dr. Hartwig Frimmel to chat about the genesis of the Witwatersrand (Wits) gold deposit in South Africa. The geological anomaly has received renewed attention thanks to a recent discovery by Novo Resources (TSXV: NVO; USOTC: NSRPF), which reported on July 12 that it had found gold nuggets up to 4 cm long during trenching at its Purdy’s Reward gold prospect in Western Australia. Novo (12:00) has traced the nugget-rich, 2.7-billion-year-old conglomeratic package almost continuously along an 8 km strike length. The rocks dip 10 degrees southeast under a cover of basalts. Dr. Frimmel explains that the "biggest controversy" behind the Wits remains the source of gold. He argues that acidic rain liberated gold from the crust and gold-rich streams flushed across the hinterland, depositing gold in chemically-reactive algal mats. Those algal mats only started to blossom around 2.9 billion years ago – which is why the richest part of the Wits is 2.9 billion years. He believes these algal matts were then eroded and flushed into the basin. Timeline Novo Resources 17:50 Greenstone belts across the world 33:45 Dating gold-porphyry deposits 36:55 Wits 2.0: Is there a twin? 40:00 Articles referenced: Novo Resources strikes gold at Purdy’s Reward in Australia: http://www.northernminer.com/news/novo-resources-strikes-gold-purdys-reward/1003788541/ Come See the Mine of the Future – October 23, 2017: www.northernminer.com/progressive-mine-forum/ Music Credits: "Cool Rock" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

We're back with a mega-commodity outlook special that takes a look macro-economic conditions heading into the fourth quarter of 2017. Matt takes a read through a massive, 65-page commodity update from Scotia Capital and ponders the supply-demand scenario for recent base-metal all-stars: copper and zinc. The situation isn't looking so pretty for uranium markets, but the buzz remains for key minerals in the electric vehicle and lithium-ion battery markets. And it wouldn't be a commodity special without some commentary on gold prices! Meanwhile, Lesley returns with the latest, and greatest, edition of the Geology Corner. This week we're discussing the major questions investors should ask about geophysical anomalies. Lesley sits down with Greg Hodges, a senior geophysicist at Sander Geophysics — an international airborne geophysical survey firm for more than 60 years. She counts down "7 Main Geophysics Points." Bonus: Matt over uses the verb "hop." Timeline 3:00 Macro commodity price round-up 7:38 Gold price fundamentals 9:04 Talking with Dr. Copper 11:18 The year of zinc 14:30 The U308 Blues 16:40 Crazy about cobalt 22:37 The Geology Corner: Geophysics edition 36:05 The Progressive Mine Forum in Toronto Articles referenced: Top seven questions investors need to ask about geophysical anomalies: http://www.northernminer.com/news/top-seven-questions-investors-need-ask-geophysical-anomalies/1003789791/ eCobalt plans US production facility: http://www.northernminer.com/news/ecobalt-looks-finance-us-production-facility/1003790183/ Facts ‘n’ figures: ICSG says copper production declining: http://www.northernminer.com/commodities-markets/facts-n-figures-icsg-says-copper-production-declining/1003789486/ Editorial: Gold, copper reach new highs: www.northernminer.com/news/editorial…hs/1003789425/ Come See the Mine of the Future – October 23, 2017: http://www.northernminer.com/progressive-mine-forum/ Music Credits: "Cool Rock" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we're bringing you exclusive content from the 2017 Precious Metals Summit in Beaver Creek, Colorado. Lesley reports on location from the event and touches base with key industry players and analysts. First, we sit down with Exploration Insights Brent Cook to talk about one of the hottest exploration stories in the industry right now: Novo Resources (TSXV: NVO; USOTC: NSRPF) and its Purdy’s Reward paleoplacer gold prospect in Western Australia. Brent recently returned from a visit to the site, and discusses potential geology and investment prospects for the company. Second, Lesley has a chat with Adam Lundin, who recently took over the reins as president and CEO at Filo Mining (TSXV: FIL). The company was spun out of NGEx Resources (TSX: NGQ; US-OTC: NGQRF) in mid-2016 to highlight the Filo del Sol copper-gold property that straddles the Chile-Argentia border, 140 km southeast of the city of Copiapo, Chile. Adam talks about his father, Lukas Lundin, and how he'll be advancing low-cost oxide upside at the eponymous, flagship project. Timeline 3:00 Exploration Insights Brent Cook talks Novo Resources 17:39 Adam Lundin talks Filo Mining and getting into the family business Articles referenced: Novo Resources strikes gold at Purdy’s Reward in Australia: http://www.northernminer.com/news/novo-resources-strikes-gold-purdys-reward/1003788541/ Filo Mining advances Filo del Sol copper-gold project: http://www.northernminer.com/news/filo-mining-explores-oxide-copper-gold-upside-filo-del-sol/1003785346/ Q&A: Adam Lundin on family ties, new role at Filo Mining: http://www.northernminer.com/news/qa-adam-lundin-family-ties-new-position-filo-mining/1003789657/ Editorial: Gold, copper reach new highs: www.northernminer.com/news/editorial…hs/1003789425/ Music Credits: "Cool Rock" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we're joined by the Mercenary Geologist, Mickey Fulp, to talk about the rising spectre of geopolitical risk for miners! Matt sits down to chat about a few recent high-profile cases, including: Eldorado Gold (TSX: ELD; NYSE: EGO) in Greece; Acacia Mining (LON: ACA) in Tanzania; Tahoe Resources (TSX: THO; NYSE: TAHO) in Guatemala; and much more! Has Canada been a major benefactor as companies turn their eyes back home? Mickey's done background research and brings together a growing list of companies that have run into socio-political problems across the globe. He also discusses his experiences in Latin America, and explains where he'd be comfortable investing his money! We also dig into the current state of metals markets, including the recent rally in base metals, as well as the macro political situation involving North Korea and the potential impact on gold. Timeline 3:00 General macro economic and political update 5:15 Base and precious metals 8:05 Talking the North American stock markets 10:15 Geopolitical risk introduction 12:00 Mickey's geopolitical risk list 15:45 Digging into Latin America 18:00 Mickey's geographic investing tips 20:18 What's the mining outlook like for the U.S.? 22:30 2017 Precious Metals Summit Beaver Creek Articles referenced: Greek government bends on Eldorado’s ultimatum: http://www.northernminer.com/people-in-mining/eldorado-golds-ultimatum-greece-gets-results-not/1003789567/ Uncertainty in Guatemala drives Tahoe to suspend dividend and guidance: http://www.northernminer.com/financial-matters/uncertainty-guatemala-drives-tahoe-suspend-dividend-guidance/1003788547/ Commentary: One theory on the root of Acacia’s troubles in Tanzania: http://www.northernminer.com/court-cases/commentary-one-theory-root-acacias-troubles-tanzania/1003788396/ OceanaGold, B2Gold scramble as Philippines gov’t may suspend 20 more mines: http://www.northernminer.com/news/oceanagold-b2gold-face-political-uncertainty-philippines/1003777828/ Facts ‘n’ figures: ICSG says copper production declining: http://www.northernminer.com/commodities-markets/facts-n-figures-icsg-says-copper-production-declining/1003789486/ Editorial: Gold, copper reach new highs: http://www.northernminer.com/news/editorial-gold-copper-reach-new-highs/1003789425/ Music Credits: "Cool Rock" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt sits down with Exploration Insights' analyst Joe Mazumdar to talk development risk and investor strategy in this week's episode! The discussion includes a round-up of recent development projects that have experienced some growing pains, including: Red Eagle Mining's (TSX: R; US-OTC: RDEMF) San Ramon operation in Colombia; New Gold's (TSX: NGD; NYSE-MKT: NGD) Rainy River mine in Ontario; and TMAC Resources (TSX: TMR; US-OTC: TMMFF) Hope Bay project in Nunavut. We also dig into Alamos Gold's (TSX: AGI; NYSE: AGI) recent acquisition of Richmont Mines (TSX: RIC; NYSE: RIC), and what to expect from Canada's gold majors moving into the fourth quarter of 2017. Joe outlines his investment thoughts following the recent rally in precious and base metal prices, and offers investors some advice on strategies when it comes to mine development. Timeline 4:22 Commodity and investment update 6:23 Mine development 101 8:00 Red Eagle's San Ramon project 11:30 TMAC Resources Hope Bay operation 16:13 Pretium's Brucejack mine 18:00 New Gold's Rainy River deposit 19:00 Nevsun's Bisha operation 21:00 Tips for investors looking at developer discloure 25:00 Gold majors and asset divestments 28:30 Alamos/Richmont deal 31:00 Current investment strategies Articles referenced: The Progressive Mine Forum in Toronto: www.northernminer.com/progressive-mine-forum/ Kirkland Lake rides high grades towards banner year: www.northernminer.com/news/kirkland-…ar/1003789201/ Novo Resources strikes gold at Purdy’s Reward in Australia: www.northernminer.com/news/novo-reso…rd/1003788541/ GT Gold surges on greenfield discovery: www.northernminer.com/news/gt-gold-s…le/1003788300/ Site visit: Western Copper approaches final mine design at Casino: www.northernminer.com/news/site-visi…no/1003783863/ Music Credits: "Cool Rock" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

This week we're talking infrastructure! The show will specifically focus on the Sept. 2 announcement of the $360-million Yukon Resource Gateway Project. The joint federal and territorial initiative is designed to "improve road access in two mineral-rich areas: the Dawson Range in central Yukon and the Nahanni Range Road in southeastern Yukon." The project will reportedly upgrade "over 650 km" of road and build or replace numerous bridges, culverts, and stream crossings. We're joined by Yukon Mining Alliance chair, and president and CEO of Western Copper and Gold (TSX: WRN; NYSE-MKT: WRN), Paul West-Sells to discuss the funding process and what the project could mean for mineral exploration and development in the territory. We talk Goldcorp's (TSX: G; NYSE: GG) Coffee project and the impact of major mining investment. Meanwhile, Matt digs into a few eye-catching headlines that came across the newswire recently, including new drill intercepts from GT Gold's (TSXV: GTT; US-OTC: GTGDF) emerging Saddle South discovery in B.C. and Kirkland Lake Gold's (TSX: KL; NYSE: KL) strategic investment in Australia-focused explorer Novo Resources (TSXV: NVO; USOTC: NSRPF). 5:05 Base metal update (zinc, nickel, copper) 5:45 Gold and USD update 6:46 Headlines around the mining world ft. Novo Resources, GT Gold, and Lundin Mining 13:00 Yukon Mining Alliance chair, and president and CEO of Western Copper and Gold, Paul West-Sells on instractruture Articles referenced: The Progressive Mine Forum in Toronto: www.northernminer.com/progressive-mine-forum/ Kirkland Lake rides high grades towards banner year: http://www.northernminer.com/news/kirkland-lake-rides-high-grades-towards-banner-year/1003789201/ Novo Resources strikes gold at Purdy’s Reward in Australia: http://www.northernminer.com/news/novo-resources-strikes-gold-purdys-reward/1003788541/ GT Gold surges on greenfield discovery: http://www.northernminer.com/news/gt-gold-surges-greenfield-discovery-bcs-golden-triangle/1003788300/ Site visit: Western Copper approaches final mine design at Casino: http://www.northernminer.com/news/site-visit-western-copper-closes-final-mine-design-casino/1003783863/ Music Credits: "Cool Rock" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/ "Isolated" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/

Matt's back in studio this week with a forward-looking show on commodity price forecasts and analyst reviews. We're talking both base and precious metals, and will touch on the recent broad rally across gold, zinc, copper, and even nickel! In addition, we'll dig into energy and specialty metals, including: cobalt and uranium! Matt will discuss his recent conversation with Osisko Metals (TSXV: OM) president and CEO Jeff Hussey on the Osisko Group's new venture, which is focused on the historic Bathurst mining camp in New Brunswick. We'll touch on the Q2 results for major gold miners, including: Barrick Gold (TSX: ABX; NYSE: ABX); Goldcorp (TSX: G; NYSE: GG); and Newmont Mining (NYSE: NEM). Who are BMO Capital Markets biggest winners (and losers) among the gold producers during the second quarter? Tune in to find out! Bonus: Matt unveils the line-up, and details, for our upcoming The Progressive Mine Forum in Toronto, ON. The event takes place on October 23, 2017 and already features a strong list of panelists and speakers! Head over to the PMF page for more details and sponsorship opportunities. Timeline: 2:35 Touch of macro ft. copper, gold, and zinc 4:31 Zinc supply crunch and investment thesis 5:54 The new Osisko Metals' vehicle in Bathurst 7:27 What does the copper TC/RC buzz reveal? 12:20 Where did this nickel rally come from? 13:30 Electric vehicle (EV) news out of China: What does it mean for cobalt and nickel? 16:30 The uranium doldrums 18:26 An update on US$1,300 per oz. gold! 22:20 Unveiling the The Progressive Mine Forum in Toronto! Articles referenced: The Progressive Mine Forum in Toronto: http://www.northernminer.com/progressive-mine-forum/ Gold majors deliver Q2 results: http://www.northernminer.com/news/review-q2-results-major-gold-firms/1003775910/ Cobalt 27 offers ‘pure play’: http://www.northernminer.com/news/cobalt-27-wants-offer-pure-play-battery-metal-exposure/1003787537/ TNM Data Miner: Largest global cobalt reserves in 2016: http://www.northernminer.com/news/tnm-data-miner-largest-global-cobalt-reserves-2016/1003787462/ NexGen says Arrow ‘in a class of its own’: http://www.northernminer.com/news/nexgen-says-arrow-deposit-class-following-pea/1003788350/ Uranium snapshot: Juniors active in Saskatchewan’s Athabasca basin: http://www.northernminer.com/news/uranium-snapshot-juniors-active-saskatchewans-athabasca-basin/1003786797/ Camino CEO on possible IOCG discovery at Los Chapitos: http://www.northernminer.com/news/camino-ceo-potential-iocg-discovery-los-chapitos/1003786015/ Tinka surges on zinc discovery in Peru: http://www.northernminer.com/news/tinka-surges-south-ayawilca-zinc-discovery-peru/1003785198/ Music Credits: "Cool Rock" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/

This week we're running the much requested, full interview session with mining legend Robert Friedland, who received The Northern Miner‘s Lifetime Achievement Award at the Canadian Mining Symposium in London, U.K., in May 2017. Group Publisher Anthony Vaccaro questions Friedland on what technologies might disrupt mining, and which minerals might see rising demand based on trends in electric vehicles and power. Articles referenced: Sprott Conference: Friedland pitches metals used in electric vehicles: http://www.northernminer.com/news/sprott-conference-friedland-pitches-metals-used-electric-vehicles/1003788520/ Video: Panel discussion of TNM/PwC report — ‘Strategies for excess cash’: www.northernminer.com/video/panel-di…sh/1003787416/ Video: Lifetime Achievement Award and fireside chat with Robert Friedland: www.northernminer.com/news/lifetime-…nd/1003787371/ Robert Friedland: Celebrating a lifetime of achievement: http://www.northernminer.com/people-in-mining/robert-friedland-celebrating-lifetime-achievement/1003785716/ Timeline: The adventures of Robert Friedland: http://www.northernminer.com/news/timeline-adventures-robert-friedland/1003785851/ PDAC 2017: Copper, zinc looking good for 2017: www.northernminer.com/commodities-ma…17/1003784440/ Robert Friedland, Lukas Lundin, David Garofalo and Kelvin Dushnisky to be featured speakers at TNM’s Canadian Mining Symposium in London: www.northernminer.com/stock-markets-…on/1003784168/ Music Credits: Energy Recorded by Bensound (www.bensound.com/royalty-free-music/track/energy) Licensed under Creative Commons: By Attribution-NoDerivs 3.0 Unported creativecommons.org/licenses/by-nd/3.0 Isolated Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/