Coffee with Samso Samso
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- Näringsliv
This is Coffee with Samso. Samso will have a coffee with someone about something that is interesting and from a different perspective in business. It is a simple coffee conversation with no formalisation of style.
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Venture Minerals Limited (ASX: VMS) - Jupiter REE Deposit: April 2024 Update
Coffee with Samso 195 is all about the accessibility of the Jupiter Rare Earth project. This episode comes from the site of the project and lets audiences see why Jupiter is all about Location, Location, Location.
Venture Minerals Limited (ASX: VMS) is now finalising a drilling program to infill the Jupiter project as they work to build a maiden JORC resource for the project. It is also now brining management to site to see for themselves the ease of having a potential mining proposition.
Managing Director, Andrew Radonjic and the Chair, Mel Ashton is sharing with us their thought on this episode of Coffee with Samso. There are no revelations but a reinforcement to investors and shareholders that the potential for a mining operation will come with Tier 1 infrastructure and potential partners or off-takers.
Remembering the Reasons to Focus on the Jupiter REE project.
The fanfare on the Jupiter Rare Earth project is all about the ASX release by Venture Minerals on the 29th November 2023 (Jupiter Delivers over 7,000 ppm TREO assays from Maiden RC Drill Program) and the second round of results that was released on the 8th March 2024 (Jupiter Drilling Continues to Deliver Broad High-Grade REE Mineralisation including a Record NdPr Intersection of over 5,000 ppm). The investor interest that followed is now a
The share price has been very buoyant and when taken into context of the Rare Earth sector in general, Venture Minerals is doing very well. There is a keen interest in the market to see where this story will end up.
Check out the conversation with Andrew Radonjic below: Samso's Conclusion
In the lead up to the trip to the project, Andrew Radonjic had been taking a position that the location of the project could be a game changer and I have to say that it does make sense. The highway is within 2km from the edge of the tenement boundary, there is a gas
Chapters:
00:00 Start
00:55 Introduction to Mel Ashto3
00:53 Updates on Jupiter
04:34 The Potential Size of the Jupiter Resource
08:55 Potential Strategy for Jupiter Project
11:52 Could there be other High-Grade "Cores"?
17:54 Discussion on Metallurgy
20:52 Location, Location Location
23:56 How can Venture take advantage of the REE Market?
25:57 What would the Exit look like for potential investors?
26:58 View on the Rare Earth Market over the next 12 months?
34:41 News Flow
38:00 Tin
39:11 Conclusion -
West Cobar Metals Limited (ASX: WC1) - The Salazar Story - Scandium
Coffee with Samso Episode 196 is with Matt Szwedzicki, Managing Director of West Cobar Metals Limited (ASX: WC1)
In my first conversation in June 2023 with West Cobar Metals Limited, I noticed the amphibolite basement for the Salazar project and asked how this could affect the mineralogy of the project. With nearly 12 months of work since that time, the benefits of the Newmont deposit are now coming to light.
In this episode of Coffee with Samso, Matt Szwedzicki shares with us the potential multi-commodity aspect of the Newmont deposit. The company has come a long way in substantiating its view on the new strategy in bringing light to the Titanium and Scandium part of the flow chart.
This is an unfolding story and credit goes to the management for looking at the alternative value of the Newmont project. The increasing tenure of the project means that the protection of the potential value adding process is now in safekeeping.
The potential extension of the amphibolite is now for West Cobar Metals to discover and if the Scandium and Titanium strategy holds ground, the shareholder value will be very interesting. Time will tell, but at least it is up to the company to find it.
Samso's Conclusion
I have been fascinated with the West Cobar story as it is the only Rare Earth project that I have come across that has a amphibolite basement, or rather, one that has a non-granitic basement. This stands out even more when you know that the Esperance region does not appear to have an equivalent.
When I first talked to the company, I posed the question to management, what is the significance of the amphibolite? Does it come with other commodities (at that time they had a HPA resource sitting on top of the Newmont project)?
There is now a pathway for the company and it will be interesting where this leads to in terms of shareholder value. The scandium story is very interesting as I have had some experience of that sector nearly a decade ago.
If you watch the video and listen to Matt when he talks about the Scandium pricing mechanism, it is a revelation. For once, we have a market that is priced so high that it needs new supply to bring the pricing down so that it can create more supply and more use. It is not a matter of lack of demand, but that the sector needs supply.
When you think about what the implication will mean, the opportunity for shareholder value adding is enormous.
Chapters:
00:00 Start
00:20 Introduction
01:23 Update from Matt
01:43 More ground for Salazar
01:56 An updated exploration target
02:22 Realisation that Newmont is different
02:40 The Titanium Factor
02:59 Titanium Exploration Target
03:06 Presence of HPA
03:30 Flow Sheet
04:52 Titanium Mineral Study
06:05 What about this Scandium in Salazar?
07:32 Is Newmont more of a Critical Minerals project as opposed to a Rare Earth project?
09:02 Is there enough volume for the other commodities to be economical?
10:47 What triggers should investors look for to take a position in companies like WC1?
12:55 All about Scandium
14:40 Why is Scandium exciting?
15:43 The high pricing of Scandium.
16:41 Supply bottleneck may be changing
17:50 US Defense Department looking out for Scandium
18:24 Solid oxide fuel cell use of Scandium - green fuel transition
19:13 Where will the new mines come from - reasons why Newmont is the front runner
19:46 Newmont may have a potential positive metallurgical pathway
21:17 High grade vs. normal grade of Scandium
22:48 News Flow
24:43 A Natural pivot for WC1
25:49 Last words from Matt
26:57 Conclusion -
Venture Minerals Limited (ASX: VMS) - Jupiter REE Deposit: The Next Mt. Weld?
Coffee with Samso 194 is all about the Jupiter Rare Earth project and what a way for Andrew Radonjic to start the year 2024.
Venture Minerals Limited (ASX: VMS) has an extremely well-rounded portfolio of projects and the inception of the Rare Earth project a couple of years ago has worked extremely well for the company. The Rare Earth sector may have come and gone for the ASx but it is a breath of fresh air to see the technical success of the Jupiter REE project.
Anyone who has been following the ASX REE sector recently will know very well the bearish tone but those who have been on the Venture Minerals wagon, will think differently. You could put Venture Minerals on the top of the list for generating the most interest in the small-cap mineral explorers list.
The interest in Venture started with the ASX release on the 29th of November 2023 (Jupiter Delivers over 7,000 ppm TREO assays from Maiden RC Drill Program) and the much anticipated second round of results was released on the 8th of March 2024 (Jupiter Drilling Continues to Deliver Broad High-Grade REE Mineralisation including a Record NdPr Intersection of over 5,000 ppm) which generated another rush on the share price.
Figure 1: The Venture Minerals Limited (ASX: VMS) share price. (Source: Commsec)
In this episode, Andrew Radonjic gives us an update on the Jupiter Rare Earth project and we discuss why he feels the project stands out from the crowd.
Samso's Conclusion
The Samso platform has had the majority of the clay rare earth story on the ASX for the last couple of years. It has been a great journey from the beginning to now where I could effectively call a mature understanding of the industry. If we are all on the same page, the understanding now is all about the metallurgical results, and the chemistry of extraction.
In some way, we all know that the range of results from all the other clay REE players has been pretty consistent. There have not been too many outliers on the good or the bad end of the spectrum. If we consider this thought, the metallurgical results for Jupiter will be within range and there are some similarities to Mt. Weld, then Venture may have found themselves a project that could be more than interesting.
As Andrew pointed out in the end, it is all about the location. The drilling results are on the top end of the scale, the location is in proximity to Mt. Weld and the plant by Iluka, the metallurgical results which are still outstanding will most likely come within range or better and there are no logistical nor administrative obstacles in sight. With all that in mind, the Jupiter project must surely become a jewel in the DYOR category for ASX investors wanting an REE play in their portfolio.
I encourage you to watch and take notes because as I have always mentioned on the Samso platform, the one economical project in many non-economical projects that are in the market comes once in a while and if you can take the risk, do big-time DYOR.
Chapters:
00:00 Start
00:20 Introduction
00:53 Updates on Jupiter
02:46 Discussion about the next drilling phase
04:04 What makes Jupiter stand out?
09:25 VMS in the current market
15:44 About the metallurgy
21:06 What could lift the REE market?
23:53 For investors looking to position themselves in VMS
29:01 Other VMS projects
32:45 News flow
35:59 Conclusion -
The Beginnings of a Gold Producer
Rooster Talk Episode 54 is with Brad Valiukas, Managing Director of Aurumin Limited (ASX: AUN)
The time has come for Aurumin Limited (ASX:AUN) to step up and deliver on its aspiration to become a mid-tier gold miner.
We know where the ounces are, we are going to try and deliver a result. - Brad Valiukas.
In this episode, we get an update from Brad on the path forward for Aurumin after completing the acquisition.
We spoke about how management was going to plan the work that will be happening over the next 12 to 18 months.
Mt Dimer and Mt Palmer and Johnson Range are still core projects for the company.
However, with this acquisition, the Sandstone project is a step up. In saying that, Brad assures us that there is a lot of work still to be done with the existing projects.
There is no question that the acquisition is a big value add to the company, however, markets do have a mine of their own when it comes to valuation.
Personally, if you look at what is in the project with the Two Mile Tonalite, if management can make this work, it will be a game changer.
This is a good ground floor play for investors and I strongly encourage those investors who have done their own research to seek out Brad.
Talk to him and ask him what his thoughts are and his reasons for acquiring Sandstone.
00:00 Start
00:25 Introduction
00:53 Brad discuss Sandstone acquisition.
01:08 How will the new Sandstone project fit into Aurumin.
02:12 How is the Mt Dimer project going?
04:49 How does Aurumin plan the exploration?
07:40 Exploration changes depending on results?
09:35 The Two Mile Tonalite - The Prize
11:16 The Pegasus Story - The Hidden Jewel of Sandstone.
12:24 The news ahead for Aurumin.
15:04 The Ultrafine Sampling Success.
16:17 The Reasons to look at Aurumin.
17:23 Conclusion -
An Exploration Update - Thor Mining Plc (ASX: THR)
Rooster Talk Episode 55 is with Nicole Galloway Warland, Managing Director - Thor Mining Plc (ASX: THR)
Thor Mining is a updating us on the Ragged Range and the Uranium projects. The scene is set for exploration to begin.
Our first encounter with Thor Mining was in February 2021 at a Coffee with Samso - A Potential ESG compliant Copper-Gold Producer: Thor Mining Plc (ASX:THR) - and the current Managing Director, Nicole Galloway Warland was the company's Exploration Manager then. The projects that were just being worked on then had just as much potential as the story.
In this episode of Rooster Talk, Nicle gives us an update on the Ragged Range project which has a Lithium, Copper and Gold flair. The project is intriguing as it appears to have all three commodities in play.
As Nicole begins to explain, the Ragged Range is very under explored with potentials that have yet to be realised or sterilised. As the exploration work begins to take hold, new will be flowing and a time for some serious work to be completed.
Chapters
00:00 Start
00:20 Introduction
01:19 Update from Nicole.
02:10 Ragged Range
04:52 What has the historical information taught you about Ragged Ramge.
06:17 The Uranium and Vanadium update.
08:16 A well known uranium and vanadium area.
09:15 The acceptance of Uranium and Implications.
10:35 Uranium and the "No Emission" world.
11:24 Conclusions -
Matador Mining Limited (ASX: MZZ) - Building a Mining Portfolio.
The Exploration Focus of Matador Mining - Building a Mining Portfolio
Rooster Talk Episode 56 with Sam Pazuki, the new Managing Director/CEO and Ian Murray, Non-Executive Chair of Matador Mining Limited (ASX: MZZ)
This episode of Rooster Talk is all about Sam Pazuki, the Managing Director and CEO of Matador Mining. Sam comes from an experienced background with Oceania Gold Limited (ASX: OGC : TSX: OGC) who are a very successful gold miner. I like this move as I have said in my previous comments that Matador is a gold miner in the waiting.
The Cape Ray project is 120km in length and has a resource of over 800,000 ounces which is destined to grow over time.
In this episode, we get to hear what Sam's vision is for Matador. We also hear from Ian Murray, Non-Executive Chair, who shares his thoughts on the new member of the board and the new CEO.
Chapters:
00:00 Start
00:20 Introduction
00:52 Ian Murray introduces Sam Pazuki, as new CEO .
01:53 Self-intro by Sam Pazuki
06:07 Looking at Gold Road No. 2 in making and the handover transition
08:18 Sam smooth transition period into MZZ
12:00 What is the prize for Matador?
17:11 The importance of structural geology.
17:55 The right strategy
19:01 Thoughts on Hermitage Project
19:33 Quick update on Matador
21:38 Ian involvement in MZZ
23:10 Sam on market expectation
25:10 Conclusion