Money of Mine

BHP eye off Anglo American. Wow.We also got round to chatting about Chalice’s (CHN) bizarre buying in Encounter (ENR) stock, Lynas’s (LYC) cost blowout at Kalgoorlie, Metals X’s (MLX) disappointing quarter of production and Equinox (EQX.nyse) scooping up the other 40%-stake in the big Greenstone mine.  Sign-up for the Director’s SpecialAll information in this podcast is for education and entertainment purposes only and is of general nature only.The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate. MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storageMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au(0:00:00)Introduction(0:02:00)BHP eye off BIG swing for Anglo(0:36:55)Chalice pop up on Encounter's register(0:40:40)Lynas' up Kaloorglie capex… again(0:43:32)Metals X disappoint the barrons (0:46:03)Equinox pay US$1b for Greenstone remainder

On the show today we had Brian Laks, co-chief investment officer of Old West, an LA-based investor.Brian has gone deep into a number of the markets that we love chatting about, and we had a great time talking about uranium, tin, copper, gold, silver, the metals & mining sector broadly and a whole host of companies and projects that fall into these categories. Sign-up for the Director’s SpecialAll 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: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Money of Mine on YouTube (0:00:00)Brian Laks on Money of Mine(0:01:03)The uranium investment to-date(0:06:39)The gateway drug to uranium(0:12:08)Trading SPUT(0:16:14)Big Uranium contracts to look out for(0:19:26)Discovering tin(0:30:33)Is there another Myanmar in tin?(0:34:53)Alphamin vs Metals X?(0:38:38)Copper torque(0:45:14)Choosing between producers, developers & explorers(0:48:59)Investing in big porphyry copper projects(0:54:47)Why is gold running?(1:00:20)Is Adriatic fully valued yet

Here’s our interview with Geoff Wilson and Cooper Rogers of Wilson Asset Management, one of the biggest players in the Australian funds management world.JD sat down with the pair to hear how the LIC manager is seeing the current macro landscape, in particular in the US and China, to learn why Geoff has decided to dust off the old Twitter account, and to hear about WAM’s view on how activism will influence the Aussie funds management sector, what various commodities will do from here and a chat about a bunch of stocks.Sign-up for the Director’s SpecialAll 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. Podcast Partners: VRIFY – grant@vrify.com GetWet Solutions – Matt.hall@getwetsolutions.com.au DSI Underground – https://www.dsiunderground.com/contact Silverstone – kenny@sstone.com.au Anytime Exploration Services – seamus@anytimees.com WA Water Bores – James@wawaterbores.com.au Brooks Airways – ops@brooksairways.com K-Drill – ryan@k-drill.com.au (0:00:00)Introduction(0:03:40)Geoff becoming a Twitter power-user (0:05:19)Checking in on the USA(0:08:03)How markets look state-side(0:09:25)View on the Australian market(0:10:30)WAM view on the rate environment(0:12:28)Large cap vs small cap(0:15:05)The state of the LIC market(0:17:19)Shareholder engagement vs performance(0:21:37)Meeting management(0:23:28)Activism in the LIC market(0:25:15)Optimal size for WAM's strategies (0:27:45)Trading at NTA(0:29:08)Company buybacks(0:30:26)WAM's investment style(0:35:25)Should mining co's moats deserve more credit(0:37:27)Would WAM open a Resources LIC?(0:39:38)WAM's China view(0:43:35)Copper on the ASX(0:48:18)Will lithium's recovery continue?(0:54:45)Are WAM uranium bulls?(0:58:53)Gold's decoupling from real rates(1:03:30)Value in mining services

First up, the big one, South32 (S32) finally shared an update on Groote Eylandt amongst their quarterly. Then, we got into the detail at Ramelius (RMS) who had a bumper quarter and onto Base Resources (BSE) who copped a huge takeover premium from American-listed Energy Fuels (UUUU.nyse).We then ventured to Bosnia to talk about Adriatic’s (ADT’s) decision to go owner-operator, followed by 29Metals (29M) who got offtake financing and provided an insurance update, Boss Energy (BOE) who finally announced first uranium drums, Global Atomic who are yet to lock down debt financing and lastly a peak into Delta Lithium (DLI) met results.Sign-up for the Directors Special 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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Money of Mine on YouTube (0:00:00)Introduction(0:00:55)S32 finally update on Australian manganese(0:10:12)Ramelius share bumper earnings(0:21:00)Base Resources agreed 188% premium takeover(0:25:26)Adriatic go owner-operator(0:33:03)29Metals get more insurance cash + offtake financing(0:38:06)Boss Energy produce U(0:39:50)Global Atomic debt financing nerves(0:43:32)A look into Delta Lithium's metallurgical results 

Mike Alkin is the Chief Investment Officer and Founder of Sachem Cove Partners, a specialty Uranium fund based in New York. This is an extremely high-level discussion around everything Uranium, from the mining all the way to enrichment and power generation. Mike holds a firm view that the world will be in a considerable Uranium structural supply deficit for many years to come.Sign-up for the Director’s SpecialAll 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. Podcast Partners: VRIFY – grant@vrify.com GetWet Solutions – Matt.hall@getwetsolutions.com.au DSI Underground – https://www.dsiunderground.com/contact Silverstone – kenny@sstone.com.au Anytime Exploration Services – seamus@anytimees.com WA Water Bores – James@wawaterbores.com.au Brooks Airways – ops@brooksairways.com K-Drill – ryan@k-drill.com.au Money of Mine on YouTube (0:00:00)Introduction(0:01:09)Quick lay of the Uranium land(0:11:00)How much Nuclear power would the SPUT produce?(0:21:19)Double whammy of supply and enrichment deficits(0:23:43)2030 deficit prediction(0:38:27)Are Mike's views different to other Uranium funds?(0:48:42)What if everything goes perfectly in the next 6 years(0:57:39)Are there enough economic Uranium deposits?(1:03:05)Will Reactors get built if the structural supply deficit is too big?(1:05:54)Would a high price tempt a SPUT shareholder vote to sell their Uranium?(1:07:25)Will M&A heat up?(1:10:38)Kazatomprom situation(1:15:53)Can the West bring on enough conversion and enrichment to decouple from Russia?(1:22:10)Are SMR's plausible considering the lack of enrichment capacity?(1:25:34)East vs West demand(1:29:36)Reflection on today vs previous bull cycles(1:35:05)Will Oil & Gas companies get into Nuclear?(1:37:44)What can break the Uranium thesis?

Today we did a tour around through the gold producers who reported quarterlies, including Bellevue (BGL), Genesis (GMD), Catalyst (CYL) and Tietto (TIE), then onto Spartan (SPR) who’re doing a big $80m raising.AIC Mines’ (A1M) quarterly got a segment before we had a good chat about Gina Rinehart’s recent action in rare earth’s, and what that could mean for Lynas (LYC) and MP Materials, before rounding off on another Gina story, the Hanrine and Titan Minerals (TTM) farm-in agreement. Sign-up for the Director’s SpecialAll 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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Money of Mine on YouTube (0:00:00)Introduction(0:01:22)Interpreting Bellevue's quarterly(0:09:54)How did Genesis perform(0:12:35)A recap on Catalyst (0:17:14)Tietto's board reject takeover(0:21:59)Spartan rattle the tin for 80 bucks(0:42:37)AIC Mines - copper torque(0:44:15)Will Gina bring LYC & MP Materials together?(0:52:15)Gina signs farm-in in Ecuador

We started today with a deep dive into Spartan (SPR) on the back of recent results, followed by a breakdown of Macmahon (MAH) acquiring Decmil (DCG). Next, we discussed the latest in Gold Road’s potential Greenstone interest, then Pantoro’s quarterly result, Hawsons Iron financing ambitions, a call out to AlphaHPN holders and a chat about what we’re looking for this quarterly season. Sign-up for the Director’s SpecialAll 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: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Money of Mine on YouTube(0:00:00)Introduction(0:01:23)ASX 200 gets belted(0:02:58)Are Spartan constrained by their mill?(0:20:16)Macmahon buy Decmil(0:34:34)Westgold expand Bluebird resource(0:37:27)Gold Road in Dataroom again(0:42:03)Pantoro early quarterly(0:47:15)Hawson's Iron Ore(0:50:34)AlphaHPN(0:51:37)Quarterly anticipations from us

Plenty to chat about today, with Gold Road (GOR) taking the top story, confirming their interest in Greenstone Gold, and following on with the theme of gold, Predictive Discovery (PDI) releasing their Bankan PFS.The US & UK’s decision to ban Russian products, including metals, has big ramifications which we spoke about, as well as Rio Tinto’s (RIO) rehab blowout at Argyle, Zhaojin & Emerald (EMR) going best & final at Tietto (TIE) & Bullseye respectively, another twist at Sierra Rutile (SRX) and Galan (GLN) quietly tapping the market.Sign-up for the Director’s SpecialAll 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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Drilling Guru'sryan@k-drill.com.au Join the Facebook Group for the Money Miners and request access to the Hooteroo group. Money of Mine on YouTube(0:00:00)Intro(0:01:53)Is investing in Greenstone Gold the right move for GOR?(0:16:44)Our thoughts on PDI's Bankan PFS(0:40:34)US & UK ban Russian metal(0:46:23)Rio Tinto's Argyle rehab blowout(0:49:06)Zhaojin go best & final for Tietto(0:53:07)Rapid fire: Emerald, Sierra Rutile & Galan

Metallurgy is a part of mining that isn’t often spoken about but can dictate the outcome. Nathan Stoitis broke things down for us, including why recoveries are a function of grade, the tricks company’s do to make projects look good, how you should view initial met results, plus the basics on all the main commodities as well as an over & under-rated round.Sign-up for the Director’s SpecialAll 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. Podcast Partners: VRIFY – grant@vrify.com GetWet Solutions – Matt.hall@getwetsolutions.com.au DSI Underground – https://www.dsiunderground.com/contact Silverstone – kenny@sstone.com.au Anytime Exploration Services – seamus@anytimees.com WA Water Bores – James@wawaterbores.com.au Brooks Airways – ops@brooksairways.com K-Drill – ryan@k-drill.com.au(0:00:00)Introduction(0:00:30)Nathan Stoitis on Money of Mine(0:02:10)The basics about metallurgy(0:05:05)Grade vs Met(0:07:46)Recovery is a function of grade(0:10:27)How much weight to put into initial met results(0:11:17)Tricks to look out for(0:14:45)Is a metallurgists a must have?(0:16:17)When there's copper with your gold(0:21:08)Different ways to treat refractory gold(0:25:42)De Grey's challenge(0:32:17)"Right sizing" a plant and how ball mills work(0:36:28)Miners vs Mill Rats(0:40:38)Will Wiluna ever work?(0:41:57)The rise of Indonesia Nickel(0:43:46)Converting nickel plants into lithium plants(0:45:39)Mt Marion and flotation(0:47:18)How to desalinate Gold Fields water(0:52:38)Are rare earths the most difficult projects?(0:58:11)Hardest to easiest minerals to process(1:02:38)How hard is Mt Todd?(1:06:29)Mt Ida gold processing(1:09:48)Thoughts on Chalice(1:11:03)What is good met and what is bad met?(1:17:35)Over rated / Under rated

We’ve got a bit of a different episode today. Metals prices have been ticking up, so we did a broad check-in on a range of metals including gold, silver, manganese, zinc, copper & nickel, before going very deep into the fascinating set-up in PGMs and tin.Next, we spoke about Northern Star’s somewhat disappointing quarter, before chatting about a change in the exploration industry, and rounding off with news out of EQ Resources and Berkeley Energia. Sign-up for the Director’s SpecialAll 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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Money of Mine on YouTube (0:00:00)Introduction(0:02:05)What's happneing in gold, silver, copper, zinc, nickel & more(0:11:15)Are PGMs a contrarian play right now?(0:20:58)A special deep dive on tin(0:36:08)Northern Star's costs creep higher(0:39:09)An exploration game-changer(0:50:31)Are EQ Resources making money(0:51:37)Berkeley Energia go to court

Today kicked off with a chat about the news that MinRes (MIN) had sold out its 14% stake in Develop (DVP) to a group of investors, before getting into a gold speculation, touching on Westgold, Karora, Ramelius, Northern Star, De Grey, Spartan and Newmont (Telfer). On the gold theme, we picked over Solstice’s (SLS) Hobbes sale to Northern Star (NST), pondering whether juniors may start getting some more love, before discussing Manuka’s (MKR) hopefully ambitions in the Cobar and lastly, Prospect Resources (PSC) picking up a Zambian copper project. Sign-up for the Director’s SpecialAll 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: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Money of Mine on YouTube (0:00:00)Introduction(0:01:23)Why did MINs trade its DVP stake?(0:05:38)What's the next gold deal?(0:17:23)Solstice cash in Hobbes to Northern Star(0:23:40)Manuka's hopefully ambitions in the Cobar(0:30:25)Prospect Resources get into Zambian copper

Two big stories grabbed our attention today.We started by chatting about the curious trading in Azure (AZS) stock on the day of the EGM which we attended, followed up by the big gold merger between Westgold (WGX) and Karora (KRR.t).In addition, we spoke about the news that Galena entered voluntary administration, more news out of Sierra Rutile (SRX), Syrah (SYR) disappointing retail entitlement offer combined with a more positive market update, Capstone Copper’s (CSC) bumper block trade and lastly some pre-quarterly news out of Silver Lake (SLR). Sign-up for the Director’s SpecialAll 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. Chapters:(0:00:00)Introduction(0:00:52)Is the Azure takeover in doubt?(0:21:18)Westgold revealed as Karora's partner(0:45:22)Lead-Silver miner Galena enter administration (0:47:29)The latest at Sierra Rutile(0:48:44)Syrah's stinking capital raise (0:52:14)Capstone Copper's bumper capital raise(0:53:48)Silver Lake jump on strong quarterly headlineThank you to our Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the <

We had the delight of interviewing Ahmad Saleem on everything exploration.Ahmad is a master of many trades. He’s a geologist, he’s started numerous businesses and has worked in private equity amongst many roles.  We spoke about whether the juniors funding model, what filters to use for explorers, red flags, what discovery means and plenty more.  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 Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative Bladder Tanks for mobile Water storageMatt.hall@getwetsolutions.com.au DSI Underground – Ground Support gurushttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical expertssales@smelectrical.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machineadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group.Money of Mine on YouTube Money of Mine on Twitter Money of Mine on LinkedIn Money of Mine on InstagramChapters:(0:00:00) Introduction(0:03:56) Is exploration funding broken?(0:13:16) Permitting and approvals(0:14:42) Why do most discoveries come from juniors?(0:19:30) Which producers have done exploration well?(0:23:12) Filtering good exploration companies from bad(0:31:15) Do juniors overstay their welcome?(0:34:09) Red Flags(0:37:26) Successful companies from good geology(0:41:36) Bullshit detection(0:55:08) What does a "discovery" mean?(1:02:24) Getting up the curve with new commodities(1:04:07) New trend of "Exploration Targets"(1:09:03) Should Private Equity be in mining?(1:22:01) If you see McKinsey… RED FLAG(1:24:51) Something that needs to LIVE in the Mining Industry(1:31:10) Something in the Mining Industry that NEEDS TO GO

We’ve got three big stories to chat about today. Firstly, The Fumble in the Jungle (or The Battle for Sierra Rutile) has had some exciting developments that we give coverage to. Secondly, Winsome’s (WR1) announced an option to buy the Renard diamond mine (and plant) near to its Adina lithium project and finally Rio Tinto (RIO) and South32 (S32) have received notice that the world’s biggest sovereign wealth Norges (of Norway) may divest its interest on the back of allegations relating to their Brazilian bauxite JV. Sign-up for the Director’s SpecialAll 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: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Join our exclusive Facebook Group for the Money Miners and get access to the Hooteroo chat group Money of Mine on YouTube Money of Mine on Twitter(0:00:00)Introduction(0:00:58)A brand new segment!(0:01:51)The Fumble in the Jungle continues!(0:11:48)Winsome fast-track Adina with Renard deal(0:22:46)Rio & South32 in danger of being divested

Quarterly season has begun! We kick off with diverging reports from Westgold (WGX) and Ramelius (RMS) then move onto Regis (RRL) which disappointed with updated figures from McPhillamy’s.Next up we chatted about some speculation from the Director’s Special which is looking on the money, before touching on a slight of hand at Boss Energy (BOE). Our penultimate story was on Develop (DVP) who share revised figures for Woodlawn and lastly we spoke about one of the ASX’s most intriguing companies, ERA. Sign-up for the Director’s SpecialAll 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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. (0:00:00)Introduction(0:02:40)Compare the pair! WGX v RMS(0:10:00)Regis disappoints with McPhillamy's numbers(0:25:30)M&A speculation looks on the money(0:30:05)Boss Energy delays first U(0:34:47)Develop dials up metals prices at Woodlawn(0:42:21)One of the ASX's most intriguing co's: ERA

We’ve got plenty to talk about after the long Easter break, starting with rumours of what Karora business combination could look like. Naturally, we tied Westgold (WGX), Ramelius (RMS) and Pantoro (PNR) into the conversation.Hammer (HMX) & Carnaby (CNB) have finally nutted out an agreeable deal while Nickel Industries (NIC) doubled their stake in the ENC HPAL project in Indonesia. There were plenty more intriguing stories to discuss including a 249D notice at Vintage Energy (VEN), Catalyst’s (CYL) potential working capital challenges, AIC Mines (A1M) ambition to grow in Queensland, Paladin (PDN) achieving commercial production, the unfortunate flooding in Northern Kazakhstan and lastly the completion on the Daunia & Blackwater acquisition by Whitehaven (WHC). Sign-up for the Director’s SpecialAll 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: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative bladder tanks for mobile water storage on your mine siteMatt.hall@getwetsolutions.com.au DSI Underground – Ground support gurushttps://www.dsiunderground.com/contact Silverstone – Energy solutions for your businesskenny@sstone.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Money of Mine on YouTube(0:00:00)Introduction(0:01:53)Who's Karora's mystery partner (0:13:56)Our 1st Birthday drinks(0:16:21)Hammer Metals & Carnaby finally do a deal(0:19:41)Nickel Industries go big in Indo(0:24:44)AIC Mines on the growth path in QLD(0:32:24)A 249D Notice at Vintage Energy(0:36:28)Winsome merging?(0:39:26)CYL's potentional working capital challenges (0:43:20)Paladin hit commercial production + Kazakh flooding(0:45:22)Whitehaven wrap up Blackwater & Daunia

Our conversation with Will Thomson of Massif Capital covered plenty of ground including the art of short selling as well as specific company shorts, the change in sentiment around copper, the long & short of lithium, whether uranium is misunderstood, how Will structures Massif’s portfolio and his lessons from insurance and much more.Sign-up for the Director’s SpecialAll 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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative Bladder Tanks Storage for mobile Water storage on your Mine SiteMatt.hall@getwetsolutions.com.au DSI Underground – Ground Support gurushttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical expertssales@smelectrical.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machineadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Join our Facebook Group for the Money Miners and get access to the Hooteroo chat Money of Mine YouTubeMoney of Mine TwitterMoney of Mine LinkedInMoney of Mine Instagram(0:00:00)Big Announcement(0:06:55)Will Thomson(0:09:03)Why short Piedmont Lithium(0:14:43)When's the right time to short(0:20:04)The Fund Manager - Prime Broker relationship(0:25:55)Massif's Lithium Americas holding(0:28:59)Will Milei be beneficial for mining in Argentina?(0:31:33)The Lundin Family BIG copper play(0:36:31)A sentiment change in copper(0:40:41)Copper torque(0:46:05)The right number of positions in a portfolio(0:47:24)The mindset change from insurance to equity investing(0:52:12)Whether to hedge currency risk(0:54:27)The process of writing out your ideas(0:57:02)Centaurus and the broader Nickel market(1:04:03)Are China ramping up Lepidolite to buy Western Mines cheaper?(1:06:43)Has uranium strucutrally changed?(1:09:10)Is this company a fraud?(1:12:49)Massif's Adriactic investment

Mining news is all go, with Albemarle (ALB.nyse) trying to grab the attention of the lithium market through an auction sale, leading to us yarning about the state of the lithium market. The Battle of Sierra Rutile (SRX) has become one of the most fascinating stories we’ve covered with the emergence of a host of colourful characters today. Hastings' (HAS) search for capital led us to dive into their books, which make for tough reading, while on the more positive note Talisman (TLM) shared some intriguing mineralisation hits, which neighbours Kingston (KSN) no doubt welcomed as they too launched a capital raise. We round off today with more sloppy trading behaviour, this time in the stock of ASM. 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: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative Bladder Tanks Storage for mobile Water storage on your Mine SiteMatt.hall@getwetsolutions.com.au DSI Underground – Ground Support gurushttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical expertssales@smelectrical.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machineadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Money of Mine on YouTube Money of Mine on Twitter Money of Mine on LinkedIn Money of Mine on Instagram(0:00:00)Introduction(0:02:01)The growing lithium futures market(0:06:32)Albemarle sell a block at auction(0:14:51)The Fumble in the Jungle (Sierra Rutile)(0:27:35)Hastings drums up shareholder interest(0:41:01)Kingston look to benefit off Talisman's hits(0:44:31)ASM get a slap on the wrist

We start todays show with the most eye-catching story, the unfortunate announcement that 29M have suspended operations and are back to square one at Capricorn Copper. Following on with the Copper theme, we discussed the eye-catching rumours that Copper treatment charges have dipped negative, as well as Abu Dhabi’s largest company looking to hijack a Copper mine sale in Zambia. Next, we delved into Minerals Sands struggler Strandline (STA) then onto copper hopeful Firefly (FFM) who’re raising a chunky $52m. We round off the day with a couple colourful stories on Nova Minerals (NVA) plus a brief update on Centaurus (CTM). 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: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative Bladder Tanks Storage for mobile Water storage on your Mine SiteMatt.hall@getwetsolutions.com.au DSI Underground – Ground Support gurushttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical expertssales@smelectrical.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machineadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Money of Mine on YouTube Money of Mine on Twitter Money of Mine on LinkedIn Money of Mine on Instagram(0:00:00)Introduction(0:02:00)29M struggle to keep head above water(0:21:03)Negative TCRC's in copper?(0:29:19)The hijacking of a Zambian copper mine sale(0:36:08)Strandline feeling the squeeze(0:40:48)Firefly launch chunky $52m raising(0:44:28)Fun facts about Nova Minerals(0:46:36)Centaurus rejig their plans

Pilbara Minerals (PLS) kick starts the show by finally sharing more on its downstream plans while Genesis (GMD) vied for our attention with the big 5-year strategy.Brightstar (BTR) is tying the knot with unlisted Linden whilst raising capital and the Battle for Sierra Rutile (SRX) has taken some fascinating twists over recent days, as well as Leo Lithium (LLL) giving long suffering shareholders an update & the OreCorp (ORR) board recommends Perseus’s (PRU) bid.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: VRIFY – Communicate in 3Dgrant@vrify.com GetWet Solutions – Innovative Bladder Tanks Storage for mobile Water storage on your Mine SiteMatt.hall@getwetsolutions.com.au DSI Underground – Ground Support gurushttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical expertssales@smelectrical.com.au Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machineadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Money of Mine on YouTube Money of Mine on Twitter Money of Mine on LinkedIn Money of Mine on Instagram(0:00:00)Introduction(0:00:51)Pilbara picks Ganfeng(0:06:42)GMD's long awaited 5-year strategy(0:17:08)Brightstar & Lindin tie the knot(0:27:14)The Battle for Sierra Rutile!(0:45:16)Leo Lithium updates long suffering holders(0:47:22)OreCorp recommends Perseus's bid