LEVRD

NewPeak Metals (ASX: NPM) Managing Director Mark Purcell joins LEVRD to unpack Las Opeñas — the San Juan, Argentina gold-silver project that just returned 657m @ 0.30g/t AuEq from surface in LODH-027, about 45m from July's discovery hole. Covered in this episode: - Company history — Dark Horse Resources to NewPeak Metals, and what Purcell brought from Goldman Sachs, Rothschild, Rio Tinto, Peabody and SQX Resources - The geology: low-sulphidation epithermal, gold-dominant phase sitting above a base-metal phase, and a preserved top of system under autobreccia lava - LODH-027's 657m @ 0.30g/t AuEq from surface, and why the pairing with July's discovery hole matters more than either hole alone - Gold grade strengthening to the west — genuine vector, or an artefact of where the rigs went? - Why the announcement withheld cross-sections: "too sparse and ambiguous to accurately predict geometries" - Location: 70km from Veladero, 110km from Hualilan, shared access roads with BHP and Lundin's Vicuña, collars at 3,310–3,391m and year-round access - San Juan as a jurisdiction - Tansey — 43m @ 0.75g/t Au from 157m — and why a real result is now flagged for farm-in or divestment - The balance sheet — $4.57m spent, $5.6m of listed investments sold, the Lakes Blue Energy holding, and the $3.5m placement at 1.3c - Newsflow into Christmas LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Copper M&A is running hot, Boss Energy fronts up with another disappointment, and Robert Friedland pulls more money out of Washington. Matt Michael (LEVRD) and Scott North (Kamoa Capital) run through the week that was in mining. On the desk this week: - Copper M&A — who's buying, who's next - Firefly Metals study + the North Queensland copper story - Lynas Rare Earths and that cash balance - Boss Energy disappoints again - DevEx hit dusters - Atomic Eagle get back into Niger - Friedland lands more U.S. government money - Tungsten — the investment case nobody was watching THE DRILL DOWN — Scott's free twice-daily natural resources briefing from Kamoa Capital. Exploration results, capital markets, deals and policy, curated for people who actually work in the sector. Subscribe free: https://news.kamoacap.com/subscribe More from Kamoa Capital: https://kamoacap.com LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Tronox came onto the Lion Rock Minerals (ASX: LRM) register at 5.6 cents in October 2025 and has publicly named the Minta project in Cameroon as a potential feedstock source for a rare earths plant it's seeking up to US$600m of US and Australian export credit agency funding for. The stock is now around 2.0 cents, down roughly 70% in a year, with no Mineral Resource Estimate and under A$7m in the bank. Theuns de Bruyn ran Sierra Rutile through its ASX listing, the Area 1 suspension, a government breach notice and a takeover at 18 cents. He and Grant Scott have now relocated permanently to Cameroon to develop Minta. We go through the Tronox relationship, whether Minta is a Rutile or Rare Earth project (or both), and what has to land in the next twelve months. WHAT WE COVERED - Tronox's 5.6c entry, its US$600m ECA-backed rare earths plant, and whether the Minta feedstock link is a real offtake conversation or still aspirational - Lessons bought from Sierra Rutile journey - Why two Sierra Rutile executives left for a A$60m company with no resource, no reserve and three quarters of cash - Rutile 101: what it is, why only ~450,000t a year exists against ~9Mt of ilmenite, and why 95% TiO2 beats 50% - Minta's geography, the Douala and Kribi port distances, and the real state of the infrastructure - 8,800km2 vs "approximately 5,000km2 of prospective ground" - which number investors should use - Two orebodies, one licence: shallow residual rutile vs monazite-rich alluvial traps at Minta Est - one project or two? - The 0.5%-1.2% indicative in-situ TREO range, the 118-hole Dormer program, and what to look for when assays land - A$6.865m at 30 June, A$2.132m burned in the quarter - where the money goes next - MRE in H2 2026, "later this year", or just an initial Exploration Target - what investors should actually expect - The Kitongo and Lolo uranium permits, Duncan Craib, and whether a spinout or sale is coming - The three things that have to be delivered in twelve months for this to have been the right job to take LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Dom Duggan took the CEO chair at Patriot Resources on 2 February and was made Managing Director part-way through the year. Six months in, he sits across a Peruvian silver deposit with a 31.4Moz Inferred resource and a conceptual exploration target roughly twenty times that size, a maiden copper discovery in Zambia drilled for about A$200 a metre, a new Copperbelt licence, and a fresh $3m raise. We go through what gets drilled first, where the money comes from, and the community agreement standing between Patriot and a rig at Tassa. Discussed: - What Dom found at Patriot that he didn't expect, and whether it's a silver company or a portfolio explorer after the April 2025 name change - Staking Tassa 5 on 7 August, and why that ground was still available with Buenaventura, Teck, Barrick and Fresnillo all nearby - The community agreement as the critical path to drilling - Why Bear Creek and Teck both held this ground and neither drilled it out - The 31.4Moz Inferred resource from 26 historical holes: orebody style and conversion likelihood - The 559-774Moz AgEq exploration target, the rationale for publishing it, and how a number like that would rate regionally - What sits inside 52.68 g/t AgEq: contained silver, and the silver and gold prices behind the equivalence - The Bear Creek deal: US$3.5m over 30 months, US$500k paid, US$1m due at 18 months, US$1.5m at 30 months, and where that money comes from - The 156 million Colque milestone shares against 293 million on issue, and how much drilling triggers the first Indicated tranche - Zambia: 14 holes for 2,035 metres at roughly A$400,000, and whether ~A$200 a metre holds at scale - Tonic - 1m at 2.56% copper versus broad intervals of 0.11% to 0.41% - and which number describes the deposit - The Sinomine plant and smelter conversation, and whether Patriot's sediment-hosted ore fits an IOCG flowsheet with no metallurgical testwork done - A 5.5km Tonic corridor and when a rig goes back - The $500,000 Next Investors placement at 5 cents, a 28% premium, bundled with a 24-month IR and marketing agreement - The two or three milestones shareholders should hold him to by this time next year, and plan B if the community agreement isn't signed by Christmas LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Atomic Eagle Limited (ASX: AEU | OTCQX: AEUXF) has agreed terms on a new Mining Convention with the Republic of Niger, re-establishing its interest in the Madaouela Uranium Project — a 116.5Mlb U₃O₈ resource at 1,282ppm (foreign estimate) built on roughly 600,000 metres of historical drilling and feasibility-level studies. The deal ends a dispute that began with the project's 2024 expropriation from GoviEx and gives AEU a 60% interest and operational control through Nigerien subsidiary MAMICO, with the State holding 40%. CEO Phil Hoskins joins us to unpack the transaction, what it means alongside the company's flagship 58.8Mlb JORC Muntanga Project in Zambia, and where the value gets unlocked from here. Discussed in this episode: - How the Madaouela deal came together — negotiating with the Government of Niger and resolving the arbitration inherited from the GoviEx/Tombador merger - The commercial terms: 60/40 ownership, US$5M on permit issuance and US$5M at construction, the US$40M State equity credit, and the dilution framework - Contractual protections that matter — legal and fiscal stabilisation, ICSID arbitration access, offshore banking, and 10-year renewable tenure - Offtake and marketing clarity, including the Government's rights, the 50% cap and the 90-day deemed-approval mechanism - Niger as a uranium jurisdiction — 50+ years of production, and neighbours including SOMAIR, COMINAK, Global Atomic's Dasa and Imouraren - Who the players are on the ground and how the new administration approached the negotiation - The resource breakdown — 96.9Mlbs Measured & Indicated at 1,275ppm and 19.6Mlbs Inferred at 1,330ppm - The funding question — whether AEU needs to raise, and how staged payments and partnership options shape that answer - Where the wins are at Madaouela: resource verification, mine planning optimisation, alternative development pathways and potential strategic partners - Muntanga stays the flagship — 2026 drilling for scale, optimisation work, and updated feasibility targeted from 2027 - Upcoming newsflow and what investors should be watching over the next 12 months LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Ken Hoffman called the lithium bottom before the market did. Ten months on, Chinese carbonate has gone from CNY 61,000 a tonne to CNY 148,000, copper has printed a record US$14,455, and the demand engine driving all of it — stationary storage — is one almost nobody had in their models three years ago. What we covered: - Why he called the lithium bottom early, and what was in the data everyone else skipped past - Whether "chaos is the opportunity" still holds, or is now destroying more value than it creates - Stationary storage overtaking EV batteries — does the crossover still happen this decade? - China's two big policy moves on storage, and which one actually matters for lithium demand - The Chinese "emergency order" for backup batteries — where that number comes from, and what's contracted - Data-centre storage as a separate demand vector, or the industry double-counting the same megawatt-hours - Where the next demand surprise comes from after storage Lithium at CNY 148,000 — a pause in a bull market, or the front edge of the next supply response - Bald Hill, Finniss and Jianxiawo restarting, and what's different from the 2023–25 glut - Zimbabwe's export ban and whether the Indonesian nickel playbook transfers to lithium - His own forecasting record, and the systematic bias in demand modelling - Where new lithium supply gets built at US$18,000 a tonne without a government cheque - Copper's record run, and the correction he called that never came AI data centres versus Grasberg and El Teniente — narrative or genuine structural loss - What a coherent US copper strategy would actually look like - Rare earths and the US$110 NdPr price floor — who is absorbing the gap - China's grip on refined NdPr and heavy rare earth separation, and what the West can realistically shift - China's graphite and battery-equipment export controls, and what happens when the suspension expires in November - Manganese, LMFP, and what has to happen for that thesis to pay (including his Firebird Metals advisory role) - Why he's not a believer in sodium-ion, and what would change his mind - The material with the strongest demand outlook and the thinnest pipeline - Separating the West's mining problem from its refining problem LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Leeuwin Metals (ASX: LM1) has grown the Marda Gold Project from an acquisition in March 2025 to a 378,600oz JORC resource sitting entirely on granted mining leases — all for a market capitalisation of around A$23 million. In the space of three weeks in June, Forrestania Resources (ASX: FRS) went from nothing to 10.37% of the register, timing part of that buying to its A$300m acquisition of the Edna May mill from Ramelius. Forrestania has said nothing publicly about why. Executive Chairman Christopher Piggott joins us to talk through the resource upgrade and what sits behind the headline numbers, the two processing conversations running in parallel, the exploration pipeline at Red Boomerang, Deception Hill and Mt King, the balance sheet, and what he does and doesn't know about his new second-largest shareholder. In this interview: - Where Leeuwin sits sixteen months after acquiring Marda, and how close it is to being more than an explorer - Why a 378,600oz resource on granted mining leases is being priced at roughly A$50 an enterprise value ounce - Forrestania Resources moving from zero to 10.37% in three weeks — whether there have been any discussions with David Geraghty or the Forrestania board - Forrestania's ~19.7c average entry price, and what a holder at that level means for any future equity raise - Running the Bain and MEGA MOU alongside a shareholder who is buying a 2.9Mtpa mill down the road - The dual-track strategy — standalone plant versus third-party milling — and whether a standalone build is genuinely on the table - Unpacking the resource upgrade: a 36,300oz global increase versus the "Indicated up 41%, Evanston up 22%" headline - Red Boomerang's historical intercepts — 66m @ 1.12 g/t and 12m @ 4.33 g/t including 1m @ 26.4 g/t — and why nobody has followed them up - Runway: A$3.66m cash against A$1.31m of quarterly outgoings, and whether environmental studies, mine planning and Red Boomerang drilling are all funded - Whether funding decisions are on hold pending clarity on Forrestania's intentions - Selling West Pilbara iron ore, Cross Lake lithium and William Lake Ni-PGE LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Nine months after listing at 25 cents, PC Gold (ASX: PC2) has an interim resource of 1.51moz at Spring Hill in the Northern Territory — an 84% increase in a single update. Chairman Ash Pattison joins us to go through what's actually in that resource, why the high-grade Link Zone has the market's attention, and how a 1.1 g/t deposit gets financed in a district where nobody else is building a plant. We also cover the idle Agnico Eagle mill 26km down the road, the Terracore acquisition, the royalty stack, a thin free float, and what lands between now and Christmas. Covered in this interview: - Spring Hill's history, the existing adits, and where the project sits in the Pine Creek district - Open pit, underground, or takeover target — what Spring Hill is actually going to be - Why publish an interim MRE in July rather than wait for the pre-Christmas update - The resource by cut-off grade: 863,000oz at 1.9 g/t (1.0 g/t cut-off) versus 1.51Moz at 0.5 g/t, and what has to be mined - The Link Zone: 1.12Mt at 5.37 g/t for 193,500oz — genuine second orebody or high-grade sweetener? - The Chrysos Corporation collaboration on SDH26-005 — is a 500g photon assay under-calling in-situ grade? - The ~45% grade uplift from photon assay versus fire assay, and what happens if sample size cuts the other way - Agnico Eagle's idle 2.4Mtpa Union Reefs CIL plant, 26km away — and why the base case is a new standalone 3Mtpa plant - Whether PC Gold has approached Agnico, and what came back Ex-Agnico and ex-Vista hires — Sean Church, Peter Harris — and what they say is different about Spring Hill - The Terracore Gold acquisition - Permitting: what's already approved, and how big a variation a standalone plant and TSF actually is - Re-opening the 427m adit — when a rig gets underground and what that platform opens up - A$21.7m cash, A$4m quarterly burn, four rigs, 20,000m of RC — the runway - Three stacked royalties: the Rivi 5% NSR, the buy-back cost and timing, Franco-Nevada/Carthew - The newsflow calendar to Christmas — and which catalyst actually re-rates the stock LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Rhod Grivas has spent 35 years in Western Australian gold and was involved in the discovery of Rubicon, Hornet and Pegasus at Kundana — a camp that has yielded more than five million ounces. So why is he now chairman of Golden Dragon Mining (ASX:GDR), a company that listed last October at 20 cents with a market capitalisation under $9 million? In this conversation, Rhod walks through what he saw at the Cue Gold Project that made him take the seat, and what has to happen next for the market to take notice. WHAT WE COVER - Why a Kundana discovery veteran took the chair at a sub-$9M explorer - 613km² in the Murchison — is scale an asset, or just more ground to fund? - 50km of mineralised shear, and how you choose where to point the rig - 1.5km from Westgold's 2.3Moz Big Bell mine — what that's actually worth - Coodardy: 12m @ 6.5g/t incl 4m @ 17.6g/t — real shoot or lucky holes? - Shallow, oxide, open in every direction — the road to a maiden resource - Behring Bore: why the "camp-scale" target beats the better grades - 827 auger holes, two anomalies over 3km - Why arsenic and antimony matter more than the gold numbers - Chengtun Gold: $2.2M at a 17.6% premium for just under 20% - The board seat, the standstill, and the FIRB hedge in the fine print - How many months of drilling the cash actually buys - Heritage clearances, native title, and when a rig hits new ground - Next assays, upcoming newsflow, and what success looks like in 12 months LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Power Minerals Limited (ASX: PNN) has delivered exceptional high-grade rare earth results from the first hole of its maiden drilling program at the Morro do Ferro Project in Minas Gerais, Brazil. CEO Alistair Stephens joins us to unpack the numbers, what they mean for the maiden Mineral Resource Estimate targeted before year-end, and why an unexpected gallium intersection could reshape the project's economics. WHAT WE COVER - The scale of the first-hole result and how it stacks up against Mt Weld and Mountain Pass - The bastnasite-rich mineralogy behind a potential premium magnet rare earth product - What high-grade gallium to end-of-hole means for future project economics - Ramping up to two rigs and two shifts, with a third rig set to commence - The path to a maiden Mineral Resource Estimate before the end of 2026 - What shareholders should watch for next as assays continue to flow LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Fenix Resources (ASX: FEX) just shipped the biggest quarter in its history — 1.3 million tonnes in June, exiting the year above 5Mtpa annualised. The share price has gone the other way. Chairman John Welborn returns to explain why, and what happens next. We last spoke in April, when a cyclone had just hit the Pilbara, diesel was blowing out and the stock was at A$0.33. Since then: record tonnes, a full-year C1 of A$73.7/t at the bottom of the guided band, W10 approvals landed on 20 July, and US$44 million of new funding signed against a A$300 million gap. John doesn't dodge the hard parts. We go through the June quarter C1 of A$79.9/t, the fuel excise relief that expires next Monday with only 30% of diesel hedged, freight running from A$23 to A$32 a tonne in a single quarter, and A$294 million of half-year revenue that produced A$9.7 million of profit. Production has tripled since FY24. Margin hasn't followed. Then the build. Weld Range and the Beebyn Hub — first blast this quarter, first ore on a ship in December, W11 doubling to 3Mtpa, and the 244km haul road that is supposed to drag C1 into the fifties. Plus the Wajarri Yamaji Deed of Covenant, the Sinosteel payments, the fleet capex, and whether a dividend survives a capital program that size against A$81 million of cash. WHAT WE COVER - Why a record quarter hasn't translated into a share price - What actually changed between 974,000t in March and 1.3Mt in June - FY27 guidance at a 5.0Mt midpoint — conservative, or capped? - C1 costs, diesel at A$2.45, and the 70% that isn't hedged - Freight economics and the Mira Bulk Freight partnership - Revenue up, profit down — what tonnage makes this a margin business - Weld Range: W10 approvals, first ore on ship, and the sequence to December - The Wajarri Yamaji Deed of Covenant and what "legally clear to mine" means - The 244km haul road — DFS scope, and who pays - Funding A$500m without raising equity: does the vision still stand? - Franking credits, last year's dividend, and whether it repeats - The 61% Fe benchmark, the lump premium, and what grade is worth - Chinese steel demand, and what customers are saying about FY27 - CMRG, yuan-priced indices, and where Fenix sits LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Techgen Metals (ASX:TG1) is about to put a drill bit into ground that has never been drilled — despite rock chips grading up to 52.3% copper and 5.35g/t gold at surface. Managing Director Ashley Hood joins us to walk through the maiden diamond drilling program at the Blue Devil Copper-Gold Project in WA's Kimberley, why earlier explorers walked past it, and what modern geophysics revealed that changed TechGen's conviction. We cover the two targets — the 2.75km-long airborne EM conductor at Blue Devil sitting ~200m deep, and the strong IP chargeability anomaly and copper gossans at Red Devil — plus what a "success" actually looks like at each, and how representative those headline grab-sample grades really are of what's at depth. Ashley also addresses the harder questions: whether two holes can properly test targets of this scale, the deposit models on the table (porphyry Cu-Au, IOCG, intrusion-related gold, skarn), the recently oversubscribed A$2.7M placement at 1.6c with free attaching options, and whether a ~A$12M market cap company can genuinely fund five drilling programs across three states. In this conversation: - Where Blue Devil sits, and why it's been called "the one we've been waiting for" since IPO - What the airborne EM and IP surveys revealed across a ~195km² landholding - Extending the Red Devil shear zone to 1.8km, and fresh chips of 42.6% Cu and 4.56g/t Au - Managing expectations around selective grab samples from gossanous outcrop - POW approval, heritage clearance with Traditional Owners, pads built — what's left before the rig turns - WA Government EIS co-funding and how it shapes hole prioritisation Regional context: Savannah, Copernicus and Koongie Park as analogues - The A$2.7M raise, Tranche 2 shareholder approval, and the 3.6c options expiring 2028 - Cash position - Dalgaranga: second-largest landholder behind Ramelius, 8km from their plant, tenure still at application - John Bull (NSW) drilling update - First assays and news-flow cadence through H2 2026 LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

BOA Resources (ASX: BOA) has moved fast — from a 49% exploration interest in the Neds Creek copper play to acquiring 100% of Core Value Australia plus the Thaduna and Green Dragon deposits from Sandfire Resources. In this interview, newly appointed Managing Director Graeme Purcell walks us through the transformation: how the deal came together, why Sandfire now sits on the register as a ~6.2% shareholder, what the 5.3Mt @ 2.3% Cu (121kt contained copper) resource really represents, and the drill program that kicks off in Q3 2026. We cover the leadership transition, the acquisition history, transaction structure, the historical mining at Thaduna and Green Dragon, six priority drill targets led by Ricci Lee, the debate over whether the region can deliver "another DeGrussa," tenement and Mining Lease status, funding, and the catalysts to watch through 2026 and into 2027. WHAT WE COVER - Leadership transition — Graeme Purcell to MD, Cath Norman to Chair - History of acquiring the copper assets & the original Stanifer / CVA deal - From 49% to 100% — the consolidation strategy - Securing Thaduna & Green Dragon from Sandfire - Transaction structure, consideration & vendor ownership - Adrian Griffin joining the board - Sandfire as a ~6.2% substantial shareholder & the ongoing relationship - Proximity to the old DeGrussa mine - Historical mining at the tenements (1940s–70s) - Current resources — Thaduna & Green Dragon (121kt Cu) - Drill targets & the ML-led exploration program - Ricci Lee — priority resource-definition drilling - Rooneys, Mueller, Enigma & the target pipeline - Chances of finding "another DeGrussa" - Tenement status & progression to Mining Leases - Balance sheet & funding the drill program - Biggest catalysts, outlook & key risks KEY FACTS - Combined resource: 5.3Mt @ 2.3% Cu for 121kt contained copper (Thaduna ~103kt / Green Dragon ~18kt) - CVA consideration: ~127.6M shares + ~76.9M options @ $0.10 (~$7.27M) - Sandfire Resources to hold ~6.2% of BOA on completion - Both deposits open at depth (Thaduna to 660m, Green Dragon to 270m) - Thaduna (M52/1061) & Green Dragon (M52/1060) are granted Mining Leases - ~15,000m drill program (7,500m RC + 7,500m AC), drilling from Q3 2026 LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Back in February, with gold near $5,000, I asked Sean Russo: "does it hit 4,000 or 6,000 first?". It went to 4,000 — and now we're ~28% off the January high. So is this the retracement he warned about, or just the entrée? Sean Russo — Principal at Noah's Rule, 41 years in the market since 1984, and a self-described "gold beast, not a gold bug" — returns to marry the technicals against the fundamentals and answer the only question that matters: is US$4,000 a genuine floor, or a trapdoor? We cover the "death zone" and whether gold's afterburner has run out of fuel, why the Dow/Gold ratio bounced off 10 the wrong way, the shift from dual tailwinds to potential headwinds — and whether it's the metal or the miners from here. LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt NVLD Fitness Come get Crossfit ripped with me @nvldfitness on insta https://www.nvldfitness.com/ 0415126334 LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Great Boulder Resources (ASX: GBR) MD Andrew Paterson joined LEVRD to unpack a transformational few months — a completed raise, Westgold Resources taking a 19.9% strategic stake, Franklin Templeton and L1 Capital on the register, and drill rigs now turning at the Peak Hill Gold Project in WA's Murchison. Topics discussed: — The deal's done: the register, the price & the Westgold relationship — Gold market, CGT laws & the GBR value proposition at these prices — Boots on the ground at Peak Hill: are the rigs turning? — The drill program: 40,000m in 6 months, 60,000m through 2027 — The asset: Five Ways, Durack, Jubilee & which pit is first ore — The "aha moment": re-optimising the resource at a 0.5g/t cut-off — Westgold's high-grade RC hits (19m @ 13.34g/t) & chasing fireworks — Stage 1 Exploration Target: 600–740koz and the road to 1Moz — Studies, the jump to PFS & building the team — Side Well: Mulga Bill, Eaglehawk, Ironbark & 574g/t at depth — Native title progression for Side Well — Approvals, funding & the run to Q4 2027 production — M&A, Murchison consolidation & scouting for Westgold — The callback: Patty's Flat, and jobs to plug LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt NVLD Fitness Come get Crossfit ripped with me @nvldfitness on insta https://www.nvldfitness.com/ 0415126334 LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Richard Beazley, Managing Director of Rokeby Resources, joins us to break down the acquisition of the Omeo Gold Project in Victoria — a historically high-grade goldfield that once produced over 235,000oz at grades above 18g/t, yet remains largely underexplored today. We get into the deal itself, the 320koz @ 4g/t historical resource, the eye-watering Sunnyside drill hits (including 0.8m @ 208.9g/t and 15.9m @ 52.3g/t), the pathway to early small-scale or toll-treated mining, Victoria's permitting reputation, and why former Victorian Treasurer and Resources Minister Tim Pallas has come on board. Richard also walks through the acquisition terms and milestones, the use of funds, upcoming catalysts, when a maiden JORC resource could land, and how Rokeby is thinking about its capital structure and getting onto institutional radar. Topics discussed: • Richard Beazley's 35+ years in mining and what personally attracted him to Omeo • The transaction — who Rokeby bought from, the terms, milestones and cost per ounce • The 320koz @ 4g/t historical resource and the path to a maiden JORC resource • Why a field that produced 235,000oz at 18g/t was never fully developed • Where the easiest ounces sit — Sunnyside, Maude, infill and the 5.8km trend • Sunnyside's bonanza grades — isolated hits or representative of the orebody? • Permitting in Victoria and what the 20-year mining licence allows today • The early mining opportunity — toll treatment, nearby mills and processing options • Why former Victorian Treasurer and Resources Minister Tim Pallas joined the project • Use of funds and the catalysts investors should be watching • Capital structure, share count and getting onto institutional radar LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt NVLD Fitness Come get Crossfit ripped with me @nvldfitness on insta https://www.nvldfitness.com/ 0415126334 LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Alex Passmore, Managing Director of New Murchison Gold (ASX: NMG), returns for a candid catch-up on the Murchison gold story — a capital-light producer generating serious cash under its Bluebird ore-purchase agreement, yet trading lower even as the resource base jumps 47%. We dig into growth, the market disconnect, and the road to a standalone plant. Six weeks on from our last chat, gold's wobbled and the share price has slipped from ~4.7c to ~4c — but NMG has added a 47% bigger resource, kicked off a new pit, and pushed Cloudkicker into production. Alex breaks down what it'll take for the market to finally pay for the growth. Key topics discussed - The 25 June MRE lifting Garden Gully 47% to 359koz remaining (409koz with depletion), 71% Measured & Indicated — and how far that gets NMG toward a resource base to justify its own plant. - Crown Prince Underground at 150koz @ 3.2g/t, now the single biggest chunk of ounces, and whether it firms up a ~3,000–4,000oz/month underground. - Maiden resources for Lydia (55koz) and the newly emerged Abbotts (44koz). - Crown Prince open pit: the Stage 1 / Stage 2 cutback crossover at ~55m, three dig fleets, and the September-quarter reserve and resource update. - Cloudkicker (formerly Crown Prince East): mining commenced, first caprock ore crushed in September, and eye-catching grade control — 10m @ 13.61g/t (incl. 3m @ 32.17), 1m @ 54.80g/t — coming in above model. - Underground feasibility (Q3), a potential vent portal off Stage 2, and a possible Crown Prince Main–Cloudkicker connection. - Greenfields upside at Abernethy South and Airstrip, the ~$10m/yr exploration budget vs ~$20m/month cash generation, and the path to a 120,000oz/yr producer with a standalone mill. LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt NVLD Fitness Come get Crossfit ripped with me @nvldfitness on insta https://www.nvldfitness.com/ 0415126334 LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Alex Rovira, Managing Director of Brightstar Resources (ASX: BTR), joins us for a deep dive into one of WA's emerging gold developers — from the Goldfields build now underway to the 2.4Moz Sandstone project, plus the M&A reshaping Leonora–Laverton and why the market hasn't re-rated the ounces. Brightstar declared FID on its Goldfields development in May 2026 and is targeting first gold in the June quarter of 2027. We cover construction progress, the ore sources feeding the plant, the Sandstone growth story, permitting, the funding package, and the valuation gap versus peers. Key topics discussed - Goldfields: first concrete poured June 2026, engineering ~60% heading to 90% by August, GRES fixed lump-sum EPC at A$110M, and the path to extending the 6-year / 75koz pa DFS 2.0 plan (457koz recovered). - Ore sources: Lord Byron (83koz @ 1.4g/t), Cork Tree Well (104koz reserve / 292koz resource), Lady Shenton and Yunndaga economics vs a softer gold price, plus Fish Underground then Second Fortune and Jasper Hills stockpiles upside. - Reserve quality: 351koz of reserves underpinning 457koz of LOM production, with ~27% from Inferred — and how BTR de-risks that conversion. - M&A backdrop: the binding ~A$12.6bn Genesis–Vault merger (Regis walked 13 July) and potential Regis / Duketon synergies. - Sandstone: 2.4Moz @ 1.5g/t across ~1,800km², the deposit styles (Two Mile Hill tonalite-hosted, Shillington/Indomitable BIF, Lord Nelson, Vanguard, Montague), the 1.6Moz sitting in the top 150m, permitting, and the study timeline to first production ~CY29. - Valuation & funding: EV/resource of ~A$40–69/oz vs peers at $171–754/oz, the A$193M equity + US$120M bond (12.5% coupon), and what finally closes the gap to ~A$2 analyst targets. LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ MINING SELECT Find a Mining job RIGHT NOW!! https://www.miningselect.com.au/ Download the app and start the hunt NVLD Fitness Come get Crossfit ripped with me @nvldfitness on insta https://www.nvldfitness.com/ 0415126334 LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Raptor Metals (ASX:RAP) Managing Director Brett Wallace joined LEVRD to unpack the company's copper and base-metals story in Canada's historic Bathurst Mining Camp, New Brunswick. From the acquisition and rebirth out of Eastern Metals, to the flagship Chester project and its recently expanded footprint, Brett walks through where Raptor is today and what's ahead over the next 12 months. In this interview we cover: – Raptor's inception and the rebirth of Eastern Metals – Copper & base metals in the Bathurst Camp: what makes Chester & Coyote copper-dominant – How Raptor differentiates from neighbours (Nine Mile, Puma, Canadian Copper) – Chester deep-dive: ~2.5km strike, grade, polymetallic Zn-Pb-Ag credits – The Chester JORC resource (6.685Mt @ 1.09% Cu) and validating Coyote/Turgeon (3.3Mt @ 1.5% Cu) – Maiden drilling (19 holes / 2,126m), the East Zone, BHEM conductor trends and depth potential – Recent acquisitions: Coyote & Foghorn from UR Mineral, plus Silverjack's historic bulk samples – Balance sheet, options, royalties and the legacy Australian ground – The single most important de-risking milestone, catalysts and the end-game LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ NVLD Fitness Come get Crossfit ripped with me @nvldfitness on insta https://www.nvldfitness.com/ 0415126334 LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.

Evergold Minerals (ASX: EG1) has pivoted from lithium to gold — and General Manager Tim Fraser joins LEVRD to explain why the ground it's assembling sits right in the neighbourhood of Vault (which is soon to be either Regis or Genesis). We cover the rebrand from Evergreen Lithium, the portfolio build across Mt Monger and Leonora, and how deals with Metallium (Mt Monger option) and Patronus (Randwick) came together. Tim walks through the latest Duchess of York assays — including the 22m at 1.80 g/t, EG1's widest intercept to date — plus the Gladiator sanukitoid target and where the geological model is heading. We also dig into the toll-treating logic around Vault's Randalls mill, the district's historical production, and why this ground was still available. On the Leonora side, Tim outlines the Craig's Rest inherited Inferred resource and the potential 2027 mining pathway. Simon Lill (Chairman) recently buying on-market makes this one interesting. LEVRD Partners WA WATER BORES The best water drillers in Australia James Harrington - 0429 695 538 https://www.wawaterbores.com.au/ NVLD Fitness Come get Crossfit ripped with me @nvldfitness on insta https://www.nvldfitness.com/ 0415126334 LEVRD Socials X ► https://x.com/mattmichaelOG Instagram ► https://www.instagram.com/levrdmatty/ Tiktok ► https://www.tiktok.com/@levrdmatty Facebook ► https://www.facebook.com/levrdtrading Linkedin ► https://www.linkedin.com/company/levrd/ This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573. Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs. Do not follow my trades, they are for entertainment purposes only. CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video. FSG: https://levrd.live/pages/fsg This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy. While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only. Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given. No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.