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Coffee with Samso Episode 183 is all about the Brothers Rare Earth Discovery. Venture Minerals Limited (ASX:VMS) has made an exciting discovery in the Golden Grove district - a high-grade clay Rare Earth project that deserves attention. This project stands out due to its impressive depth of intercept and high-grade mineral content, placing it among the top-tier projects in Western Australia. The REE Journey begins for Venture Minerals Limited In April 2023, Venture Minerals announced the introduction of the Iron Duke REE project into the Brothers project on a Rooster Talk - Venture Minerals Limited (ASX: VMS) - Building a Rare Earth Portfolio in Western Australia. The REE story for the company was a slow build up over the last 18 months. Chapters: 00:00 Start 00:20 Introduction 00:57 High Grade clay hosted REE discovery at the Brothers Project 02:00 Reason for high grade 07:01 Direction of the Big Brothers Project 09:46 Is the Big Brothers Project the focus for VMS? 11:02 Discussion on metallurgy 11:57 How should investors look at VMS? 15:38 News flow 18:17 Why VMS? 21:13 Conclusion Rare Earth Market Status The rise or fall of the REE market pricing is one of the key indicators for the fortunes of the Rare Earth exploration sector. Currently, the market is experiencing a bearish price sentiment, causing anxiety among many investors. It is evident that the bear is no longer in hibernation. One cannot argue that the bear is out of hibernation. Many supporters of the bear fail to acknowledge that this market has emerged as a result of a geopolitical situation. In my opinion, the shifting focus of world politics has made metals like REE (rare earth elements) quite appealing. The future requirements for REE components will undoubtedly contribute to the growing demand in the market. As experienced investors are aware, the real profits lie in the long term. This is a widely recognised truth that is often overlooked by investors in the mining industry. The mining sector operates on a timescale of decades, rather than months or years. While there have been a few exceptional cases like Nova Bollinger (Ni) and DeGrussa (Copper) that have yielded results within a shorter timeframe, they are rare occurrences. What makes Venture Minerals a good bet? Venture Minerals excels at developing diversified projects that consistently generate value even in challenging circumstances. I have reiterated this sentiment multiple times during my Coffee with Samso session with Andrew Radonjic, where we discovered the hidden value in their various projects. Why and how do we continue to do this? This is where experienced management takes the lead. The Brothers project is a prime example of the value that can be achieved. Initially appearing as an outlier, through drilling, it has now emerged as a strong contender in the Rare Earth race. The Decarbonisation Problem The global community is determined to transition to clean energy usage, but the path ahead is expected to be challenging and time-consuming. Unfortunately, the progress towards this goal is hindered by a significant portion of the population that believes limiting mining activities is the key solution. The days of "Non-Decarbonisation" thinking are long gone. It's clear that we have embraced a new way of thinking. Let me share an interesting experience I had in South Australia. I recently had a coffee with someone who proudly shared how the state has successfully transitioned to renewable energy. It's inspiring to see how we are moving towards a more sustainable future. The transition towards a world with less reliance on 'dirty energy' is no longer a novel concept. It has become an anticipated and inevitable journey. Samso's Conclusion Andrew Radonjic has once again surprised us with his impressive skills. The Brothers project, which I initially believed had a high potential for success, has proven to be a remarkable endeavor. During our recent Coffee with Samso session, we delved into the project's historical drilling, which has added an intriguing element to its overall appeal. The two drill holes that were announced was into bedrock which would have suggested that there could be more to come. The recent release has made that thought come true. Is the Brothers project a standout? It's difficult to say at this point due to the unresolved metallurgical question. What I've gathered is that they will address this concern by demonstrating leaching. The amount of acid and other related factors will likely be the focal point of discussion. Will this be the catalyst that brings Venture Minerals back to its former glory days as a favourite among retail investors? I don't believe so, at least not right away. While the numbers are promising, the market is currently flooded with numerous rare earth element (REE) stories, making it difficult for Venture Minerals to stand out. It is crucial for the market to discern which projects will succeed and which will not. The previous debate between Ionic and Non-Ionic is no longer relevant, as we have emphasised multiple times. The discussion extends beyond just the Acid content. Currently, I understand that there are multiple projects that possess distinct qualities, which I believe set them apart. In the case of Venture Minerals, their uniqueness stems from their location (close to the new Lynas story), the grade of mineralisation, and the depth at which it occurs. Unlike typical REE areas, Venture Minerals does not face potential land issues. All these factors, in my opinion, makes Venture Minerals different. PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM Mr. Radonjic is a geologist and mineral economist with over 35 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he co-led during the discovery of the Mount Lindsay Tin-Tungsten deposit in North-West Tasmania. He is also a founding co-director of Blackstone Minerals and the non-executive Chairman of Codrus Minerals. About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin- Tungsten Project in northwest Tasmania, already one of the world's largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work, and recently included additional, potential large-scale quantities of tin and boron within the current resource base, and extensively throughout the greater Mount Lindsay skarn system. The tin-borates have not previously been assessed in any mining studies. Borate minerals contain a large amount of Boron, a critical mineral in the solar panel industry. At the neighbouring Riley Iron Ore Mine, the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project. At the Company’s Golden Grove North Project, SensOre (ASX:S3N) is farming in whilst Venture retains the REE rights, the earn-in includes drilling of the Vulcan High Grade REE Target. SensOre’s proprietary AI technology has already highlighted lithium and copper exploration potential at Golden Grove North. The Company has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets within the Kulin Project, whilst recent exploration has identified clay hosted REE targets. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

Is Venture Minerals Limited (ASX:VMS) an accidental recipient of the Green Metal movement? Listen to what Andrew Radonjic, Managing Director says about this on Coffee with Samso Episode 121. Replay the #GreenTin Song The Green metal and No Emission movement has made the plight of the Tin Story important for Investors. Venture Minerals may be an accidental recipient of the Green Metal movement. The whole Green Tin story with Venture Minerals has been talked about many times. In some respect, it is almost sounding like a broken record. I don't blame readers for thinking that way. However, with the price of tin moving even higher since the last time we played the Green Tin song, I am encouraging readers to take a pause on the skip-to-next-track button and just pause and perhaps listen to this song a little more deeply. It may well have more to offer with each listening. The flagship project for Venture Minerals has always been about Mount Lindsay and to this day, that is more true than it has ever been over the decades. As the world moves into the next industrial revolution, tin and tungsten may end up being the dominant players in the metal sector. Let's listen to these chapters: 00:00 Start 00:20 Introduction 03:51 What is happening with the Thor Project? 09:06 This current market is different to the past ups and downs. 12:10 Metals that are not talked about in the past are now in the limelight. 17:56 The difference in physical tin properties. 22:57 Why Green Tin is a Reality. 25:43 The underground at Mount Lindsay is now positive for the project. 28:18 All factors favour the Green Tin Story. 30:59 What are the numbers and timing for fruiting this Green Tin Story? 33:18 Mining is a long term game. 35:53 Last words from Andrew. 39:57 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM Mr. Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX). About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) is entering an exciting phase as the Company moved from a highly successful explorer to producer with completion of the first shipment from the Riley Iron Ore Mine in northwest Tasmania. At the neighbouring Mount Lindsay Tin-Tungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution has refocused Venture’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin-Tungsten deposits, the Company has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed work. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance previous exploration completed by Venture to test a Julimar lookalike Nickel-Copper-PGE target. At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors to be drill tested along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

Coffee with Samso Episode 141 is all about the progress of Venture Minerals Limited (ASX:VMS) towards a Feasibility Study and becoming a World Class Tin producer. Venture Minerals Limited (ASX:VMS) is starting to build the long path towards production and this is a great conversation with Andrew Radonjic, the Managing Director. In this episode of Coffee with Samso, Andrew shares with us the progress and what he sees as the steps to make Venture Minerals a World Class Tin and Tungsten producer. Andrew and I discuss what has been happening and he gives an update on Thor (Julimar look-alike), Kulin, and Golden Grove North. These are what we call 'the other projects' but we know that every single one of these projects has the potential to have a life of their own. What I like about Venture Minerals at this stage is that the volatility that has been a common theme with its share price appears to have abated. This is a great time for potential investors to start doing their DYOR. I urge all interested readers and viewers to reach out to Andrew and satisfy their curiosity. Patience is the key to looking at the company's future. Let's listen to these chapters: 00:00 Start 00:20 Introduction 01:09 Thor Update. 01:43 The Thor JV is now confirmed. 04:44 Thor could get bigger. 06:14 Team getting ready for upcoming Feasibility Studies. 10:26 What's the difference in the study now and in 2012? 14:18 Is the current resource robust enough? 19:22 Is the margin better now? Can the other metals be a credit to the process? 23:46 What is the potential of non-Tin and non-Tungsten metals? 30:10 What are the exploration potentials? 31:35 Could the current Geopolitical Issues be positive for the Tungsten market? 37:02 Thoughts on nationalism on metal mining. 39:53 Is the Green Tin still a possibility? 45:11 Rehabilitation can be positive for the environment. 46:46 Other projects. 49:24 News flow. 51:03 Why the feasibility study should be "easier". 52:26 Conclusions PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAus/MM Mr. Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX). About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world's largest undeveloped Tin-Tungsten deposits. With higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously spent +$35m on feasibility work. At the neighbouring Riley Iron Ore Mine, the company entered an exciting phase as it moved from a highly successful explorer to producer with completion of the first shipment. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spend up to $3.7m in Venture’s South West Project, to advance previous exploration completed by Venture to test the priority 20 km long Thor target. At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors to be drill tested along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture recently doubled the Nickel-Copper-PGE landholding at Kulin by securing two highly prospective 20-kilometre long Ni-Cu-PGE targets. Share to Grow: Your Bonus eBook - How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

Rooster Talk Episode 41 with Andrew Radonjic, Managing Director of Venture Minerals Limited (ASX:VMS) Tin price has been settling in the USD32,000/t mark for a few weeks and optimism is rising high for this commodity. Ever since I started covering Venture Minerals and publishing the very first Coffee with Samso - A Targeted Diversified Mineral Explorer - Venture Minerals Limited (ASX: VMS) in October 2020, I have been a strong advocate of the quality of their projects. Since then, Venture Minerals has been de-risking each project. The dark horse has always been the flagship Mount Lindsay Tin-Tungsten project in Tasmania, Australia. The company has spent up to AUD35 Million on the project and has seen good and tough times. The last few years have been frustrating as commodity pricing has been threatening to break out but with no cigars. However, the recent movement in pricing did not bring a sharp rise in the Tin price. This rise has come back with friends in the form of ESG (Environmental, Social and Governance and the EV revolution. Today, Andrew Radonjic shares with us: The rising Tin price The dwindling supply-demand equation. Mount Lindsay Tin-Tungsten project Tin and what makes a Tin project work Chapters: 00:00 Start 00:27 Andrew talks about Venture Minerals' recent announcement. 01:59 What does Andrew think about the Tin price and ESG? 07:11 The real story of Tin supply issue. 11:33 Mount Lindsay has great geology. 17:26 How Tungsten could add even more value to Mount Lindsay? 22:00 How long will the current drilling take? 23:55 Conclusion. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. PODCAST About Andrew Radonjic Mr. Radonjic is a geologist and mineral economist with over 25 years of experience in mining and exploration, with a specific focus on gold and nickel in the Eastern Goldfields of Western Australia. Mr. Radonjic began his career at the Agnew Nickel Mine before spending over 15 years in the Paddington, Mount Pleasant and Lady Bountiful Extended operations north of Kalgoorlie. He has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and the development of over 1 million ounces. About Venture Minerals Limited Venture Minerals Limited (ASX: VMS) is entering an exciting phase as it looks to move from explorer to producer with production at the Riley Iron Ore Mine in northwest Tasmania. At the neighbouring Mount Lindsay TinTungsten Project, higher Tin prices and the recognition of Tin as a fundamental metal to the battery revolution have refocused Venture’s approach to developing Mount Lindsay. Already one of the world's largest undeveloped Tin-Tungsten deposits, the Company has commissioned an Underground Scoping Study on Mount Lindsay that will leverage off the previously completed feasibility work. In Western Australia, Chalice Mining (ASX: CHN) recently committed to spending up to $3.7m in Venture’s South West Project, to advance the previous exploration completed by Venture to test a Julimar lookalike Nickel-Copper-PGE target. At the Company’s Golden Grove North Project, it has already intersected up to 7% Zinc, 1.3% Copper and 2.1g/t Gold at Orcus and has identified several, strong EM conductors currently being drill tested which are situated along the 5km long VMS (Volcanogenic Massive Sulfide) Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has recently completed a maiden drill program designed to bring forward a potential new gold discovery at the Kulin Project. Latest ASX Announcement Download their ASX Announcement dated 26th May 2021: Drilling commences on High Priority Tin Target - Mt Lindsay Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Rooster Talk Rooster Talks are conversations with industry experts about market insights, trends, and learnings that benefit businesses across all sectors in the Australian Stock Exchange. If you find this Rooster Talk informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me at noel.ong@samso.com.au. About Samso This interview is also published on Brilliant-Online Brilliant-Online pushes for a better world with its interactive magazine and advertorial content. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Read Brilliant Investments

Coffee with Samso Episode 78 with Ed Mead, Technical Director of White Cliff Minerals Limited (ASX:WCN) Investing in what you understand The junior explorers are feeling a bit lukewarm at the moment but don't let that fool you. As I have mentioned in most of the Coffee with Samso in the last 12 months, I have said that for many decades, the enthusiasm is unseen so tread the market with caution. Corporate finance associates in the mining sector are telling me that business is hectic and they are sup-busy. Transactions are happening and they had only a one-week break when the gold price turned. Now, they are back in business. As Rick Rule, in Coffee With Samso Episode 70, points out that most astute investors are saying they are smart but rather they have seen a lot. They will tell you that quality and a complete understanding of the business are critical. I am in this camp and this "lull" in the market can be seen as profit-taking or the market finding equilibrium. Whatever the reason for the pullback, my "two cents worth" is that the next six months will be turbulent but if you have a two to three year view, you will be happy. Most importantly, one has to understand the business of your investment. Check out Commodities and Equities: Advice from Rick Rule (27:28 Investing in What You Understand - Understand Real Value) White Cliff Minerals Limited (ASX:WCN) is now positioning to explore in New Zealand. White Cliff Minerals announcing the acquisition of the New Zealand projects is an interesting strategy. We all know that the world is now looking at the bright lights at the end of the tunnel. Investors know that it is only a matter of time when things will start to boil again. What I like about the projects is that they are in New Zealand and things will get better. New Zealand is not the super "Green" state that frowns upon all mining. In fact, it is the opposite. They have regulations like every other mining jurisdiction and they have different ways to deal with keeping the environment. The geology is good and having worked in New Zealand before, I know that the mineral prospectivity is very high. There has not been the intense exploration like in Australia and there has never been as good a time as now to source funding. There are no sovereign risk issue and there are abundant expertise in country. Hence, what is there not to like? In this episode of Coffee with Samso, Ed Mead tells us about the projects and how they fit within the present company portfolio. Ed shares with us the reasoning behind those projects and his thoughts on the prospects in the market. PODCAST About Edward Mead Technical Director White Cliff Minerals Limited Mr. Edward (Ed) Mead is a geologist with over 20 years of experience in gold and base metals exploration, mine development and mine production. Ed has also worked in the oil and gas industry on offshore drilling platforms. Other commodities that he has significant experience with and can be considered to be a competent person in are iron ore, magnetite, coal, manganese, lithium, potash and uranium. Geological areas in Western Australia that he has worked in include: the West Pilbara for base metals and gold; the East Pilbara for manganese and gold; the Yilgarn for gold; the Kimberley for base metals, gold and uranium; and the Murchison for base metals, uranium and gold. He has a BSc in geology from Canterbury University in New Zealand and is a member of the Australian Institute of Mining and Metallurgy. About White Cliff Minerals Limited White Cliff Minerals Limited is a mineral exploration company trading on the Australian Securities Exchange under the ticker code WCN. The Company is currently focusing its exploration on the Reedy South Gold Project near the Cue mining centre in Western Australia, and is pursuing a dual strategy to advance its prospective gold and nickel-cobalt projects in Western Australia. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

Coffee with Samso Episode 169 with Ed Mead, Technical Director of White Cliff Minerals Limited (ASX:WCN) Jump straight to the White Cliff Story The Rare Earth Story is all about Neodymium and Praseodymium. While the search for these two elements do make the REE sector buoyant, one also wonders what the fuss is all about. How the current demand in the REE sector evolved. The junior explorers are all talking REE and one can be forgiven for thinking that this is becoming a never-ending story. Samso has seen many different stories on the Coffee with Samso platform and other platforms over the last two years. In my opinion, the REE story is one that is more about being strategic than anything else. When COVID came along and then China started to flex its muscles, that created the awakening of nationalism. Prior to that event, there was no doubt that the global industries were happy with sharing work i.e. Globalisation. The REE sector was and still is a sector that is dominated by China. They have a lot of it and they make the products that use these metals. It is becoming increasingly clear now that this dominance is not going well. The emergence of China being the next "Power Brothers" may have awakened the world into thinking that this is not a good idea. I remember doing some Rooster Talks with people at the early stage of the pandemic and we mentioned the probability that the world could find alternative markets. Looking at it now two years on, this appears to be playing itself out. REE is in Demand The demand of REE is really about the permanent magnets. There is no need to explain the technical information as I am sure that is all over Google. What I feel is in play, especially in Western Australia, is the geological advantage of having a lot of these metals and in the right jurisdiction. On top of that, I do feel that there is a strong possibility that an industry could be created in Australia for Australians. Looking at the flow of business in the Lithium sector with the building of the Tianqi Lithium Hydroxide plant in Kwinana, there is optimism that a downstream industry could be created that will supplement the mining of lithium and the REEs. This may lead to other metals but that may be a longer term dream. Governments are now working with industry and are doing more proactive talking. A few years ago, the most they did was proactive listening. Today, there is sentiment of government actions that are giving companies time to express their wishes. The White Cliff Story White Cliff Minerals is one of the many small cap hopefuls that are applying their trade to make a discovery. The company has two main projects, the Yinnetharra (Figure 1) and Hines Hill (Figure 2) project. In this episode of Coffee with Samso, Ed shares with us what is strategic about the Hines Hill and the Yinnetharra projects. At the Yinnetharra project, their recent rock chip sample (3,912 ppm TREO with 26% MREO) is clearly indicating mineralisation. It may only be a rock chip but that is a great indication that there is a cooking mechanism in place. You do not need to look very far to realise that this region is now known for REE mineralisation. Yinnetharra Project The Yinnetharra Li/REE project consists of two tenement applications, E09/2628 and E09/2641 (Figure 2), within the Gascoyne lithium region, located about 100km northeast of Gascoyne Junction and 85km south of Hastings Rare Earths (ASX:HAS) world-class Yangibana rare earths project. Figure 1: White Cliff Minerals Limited Yinnetharra project tenement location. The Yinnetharra project is in a very hotly contested region of the Gascoyne Province where you have Hastings Technology Metals Limited (ASX: HAS) (Figure 3) building a plant to support their REE resource. Figure 3: Map showing location of Yangibana deposits and planned site infrastructure. (Source Hasting Website: December 22022 Quarterly Activities Report) Hines Hill Project The Hines Hill REE project consists of one tenement granted tenement (E70/5875) within the Yilgarn region, located 20km west of Merredin and along the Great Eastern Highway. The project area is underlain by granites of the Yilgarn craton, with multiple SW/NE trending dykes transecting the license. The project area contains two large aeromagnetic anomalies which may be indicative of carbonatite intrusives. In addition, sampling by the GSWA in the Yilgarn craton defined a strong REE anomaly in the vicinity of the aeromagnetic anomalies. It is therefore believed that the project area may host previously unknown carbonatite intrusives with REE mineralisation potential. Figure 4: Hines Hill project. What I like about White Cliff is the location and the understanding that logistics, the ability to exit, is clear. The two projects are greenfield but they are located geologically where they have not been walked over. The early signs from drilling and rock chip sampling have been encouraging. As many people who have followed me know, I am a fan of mineral exploration. The White Cliff story is a great example of having the ability to develop its own story. The Gascoyne province was largely unknown with some gold and base metal exploration in the past. Today, it is a hype of activity for Rare Earths. There have been some significant discoveries recently so the proof of mineralisation is now completed. White Cliff will take a while to develop its story but that is mineral exploration. It has a low market capitalisation and that will keep the punters happy. Figure 5: White Cliff Minerals price chart. (Source: Commsec) Samso's Conclusion As the general market has come back over the last six months, I think this is a great time to have a close look at stories like White Cliff. I know that there have been many other stories but I know the management. What investors need to understand is that as a shareholder, it is all about the story and management. From the investing point of view, I like the projects and the potential it may bring. The REE sector is hard and as Ed mentioned, it is all about the unlocking of the flow sheet. When the downstream process is able to be developed, I firmly believe that there will be a shift in controls of the REE market. The world needs efficiency in less emission technologies and the components of the REE sector is the main player. As I always say, we are in the transition of a global industrial shift. There are more advanced projects to look at and I am by no means saying that the White Cliff story is the only one. The placement of your investment faith will be really about your risk appetite and your patience. PODCAST Chapters: 00:00 Start 00:20 Introduction 01:23 Edward Mead 02:25 About the recent announcement 05:23 Why was the Yinnietharra area overlooked? 09:43 How should investors position for the REE Sector? 14:54 Hines Hill 16:54 What are the upsides for Hines Hill? 19:20 Can the rare earths conversation be sustained? 22:42 View on the market for 2023 27:20 News flow 29:07 Why White Cliff Minerals? 29:49 Conclusion About Edward Mead Technical Director White Cliff Minerals Limited Mr. Edward (Ed) Mead is a geologist with over 20 years of experience in gold and base metals exploration, mine development and mine production. Ed has also worked in the oil and gas industry on offshore drilling platforms. Other commodities that he has significant experience with and can be considered to be a competent person in are iron ore, magnetite, coal, manganese, lithium, potash and uranium. Geological areas in Western Australia that he has worked in include: the West Pilbara for base metals and gold; the East Pilbara for manganese and gold; the Yilgarn for gold; the Kimberley for base metals, gold and uranium; and the Murchison for base metals, uranium and gold. He has a BSc in geology from Canterbury University in New Zealand and is a member of the Australian Institute of Mining and Metallurgy. About White Cliff Minerals Limited White Cliff Minerals Limited is a mineral exploration company trading on the Australian Securities Exchange under the ticker code WCN. The Company is currently focusing its exploration on the Reedy South Gold Project near the Cue mining centre in Western Australia, and is pursuing a dual strategy to advance its prospective gold and nickel-cobalt projects in Western Australia. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso

Coffee with Samso Episode 171 is with Amanda Buckingham, Managing Director and CEO of Warriedar Resources Limited (ASX: WA8). What a pleasant surprise to come across such a great story. I reached out to Amanda late last year and today we finally completed this Coffee with Samso. Amanda told me that the company was finalising an acquisition which will make Warriedar a compelling story. She was right. The Warriedar story is about is about a project with limited deep drilling and a previous focus on gold only. The location of the project is one has to be envied, adjacent to one of the most economical Volcanogenic Massive Sulphide (VMS) producing mines in Australia. It is also in an area well known for base metal (copper) mineralisation. Warriedar Resources Limited (ASX: WA8) Warriedar Resources was once Anova Metals Limited. The name change came about with the acquisition of the Murchison projects, Golden Range and Fields Find (Figure 1). When I came across the company, they were in the transition period. The acquisition of the new projects definitely makes the company more interesting, for me anyway. Why do I like the Warriedar Story? The average depth of drilling for the entire area is 42m, the historical operation was solely focused on oxide gold ore, no interest in any other metals and ignored all previous non oxide gold mineralisation. The above statement is what I like about the projects. It is very hard these days to come across a story where it almost sounds too good to be true. Taking what I have been told at face value, this is a project that has hardly had any real work. It is believable that the previous owners just wanted cashflow. To achieve an assured cashflow model, one has to ignore everything else. Figure 2: The drilling distribution for the Golden Range and Fields Find projects. When you look at the amount of drilling (more than 30,000 drill holes) that has been done, you would be correct in thinking that this has been drilled like Swiss cheese (Figure 2). However, when you consider that the average depth of the drilling is only 42m, which is almost the average depth of weathering in the Eastern Goldfields, you are looking at almost virgin exploration territory. This is almost unheard of in 2023. These kinds of statements were thrown out with the bathwater almost twenty years ago. What's the catch? The main unknown for me, and that is just a lack of research on my part, is what was done before the last owners of the projects. We know that the previous owner did not drill deep, they did not look for anything else other than oxide gold ores, but what else did they do that could be a liability to the project? What I don't know is whether the previous owners of Golden Grove sterilised this patch of ground. That would be a bad thing if that was the case. However, this is a big patch of ground and it would be an enormous task for any company to sterilise an acreage of this magnitude. There is a strike of 70km (Figure 2) so it would be interesting to see if that would have been done back in the day. The other issue is that there could be too many targets due to the size of the project. You would want to have a very constrained strategy to focus on potential targets. If this place lights up with the geophysics, it would be a case of a child in a lolly shop. Which one do you go after? Having so many potential prizes, it would make interpretation difficult. It is one of those good problems to have with so many possibilities. Samso Conclusion This is an exciting company. All in all, I am eager to follow the Warriedar Resources journey. The company has a good cash balance as we speak, and Amanda has the right credentials to lead this type of exploration. Geophysics will play a big part and there is a lot of existing geochemistry to add to that strategy. The biggest asset I see is management. The people that lead this exploration need to understand the big picture and be commercial. The cost effectiveness of any exploration strategy is paramount. Who better to understand that than someone who has her own consultancy business? Undeniably, the projects will take centrestage. We have discussed the reasons why. A combination of good projects and solid management is all investors can ask for to safeguard their hard earned cash. Chapters: 00:00 Start 00:20 Introduction 01:20 Who is Amanda Buckingham and Warriedar Resources Limited (ASX: WA8)? 02:48 Historical shallow drilling at Golden Range. 05:32 Golden Range and Fields Find projects strategically positioned. 09:10 Adopting the mineral systems model to determine the province fertility. 14:27 “Swiss cheese” drilling? 15:20 Major structures that added to project confidence. 18:03 Would using only geophysics hinder the progress? 21:26 What is special about the Fields Find project? 27:02 How should investors take in information from the announcements? 31:12 The Warriedar Resources Limited Board. 36:23 News flow 38:26 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Amanda Buckingham Managing Director Dr Buckingham is a geophysicist who has been involved in mineral exploration for over 25 years. She co-founded Fathom Geophysics in late 2007, an award winning and industry leading geophysical consulting group based in USA and Australia that has developed the world's best technology for targeting under cover. Dr Buckingham has extensive exploration experience globally. Her early career involved work as a geoscientist and project manager at majors such as Rio Tinto; as well as listed juniors in both Canada and Australia and several years consulting at SRK. Dr Buckingham co-founded Cygnus Gold Limited [ASX: CY5] and Desert Minerals Limited [ASX: DM1]. She is currently a director of several private companies, and a research fellow at the University of Western Australia. About Warriedar Resources Limited (ASX: WA8) Warriedar Resources Limited (ASX: WA8) is an advanced gold and copper exploration business with an existing resource base of approximately 2 Moz gold across Western Australia and Nevada, and a robust pipeline of high-calibre drill targets. Our focus is on rapidly building our resource inventory though modern, innovative exploration. We are well funded for our planned aggressive drilling programs through 2023. Golden Range and Fields Find Projects Our Golden Range and Fields Find Projects in Western Australia sit in the middle of the highly active Murchison exploration and mining province, which hosts substantial deposits of both gold and base metals. The world-class Golden Grove VMS camp sits just 3 km from our tenure boundary, with the host sequence for that cluster of deposits extending south onto our ground. We believe that the opportunity presented by applying modern geophysical and exploration techniques to our tenure is enormous. We are set to drill over 40,000 metres at Golden Range and Fields Find during 2023, targeting discovery of both gold and base metals mineralisation. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.

Coffee with Samso Episode 182 is with Peter Harold, Managing Director of Poseidon Nickel Limited. Since taking the reins of Poseidon Nickel, Peter Harold has been steadily working towards restarting mining production. Today, Peter will address recent setbacks to restarting, as outlined in the company announcement of July 17. About Poseidon Nickel Limited Poseidon Nickel Limited (ASX Code: POS) is a nickel sulphide exploration and development company with three projects located within a radius of 300km from Kalgoorlie in the Goldfields region of Western Australia and a resource base of around 400,000 tonnes of nickel and 180,000 ounces of gold (Figure 1). Poseidon owns the Windarra, Black Swan and the Lake Johnston Nickel Projects. In addition to the mines and infrastructure including concentrators at Black Swan and Lake Johnston, these projects have significant exploration opportunities demonstrated by the discovery of the Golden Swan high-grade resource discovered at Black Swan in 2020, Abi Rose deposit at Lake Johnston and the recent nickel intersections along the Western Ultramafic at Lake Johnston. Black Swan Restart Despite the solid progress made since the November 2022 Black Swan BFS was delivered, the decision to restart Black Swan has been delayed due a combination of factors including: The later availability of grid power; The need to complete additional metallurgical testwork; The continuing tightness of the WA labour market; Ability to secure accommodation in Kalgoorlie for FIFO workers; and The volatility in global commodity and equity markets. The Company is optimistic about the project development environment in 2024. The main goal is to restart Black Swan once all the issues mentioned above have been resolved and there is a more positive outlook on nickel prices and equity markets. Company Mission The commencement of mining and processing at Black Swan is viewed as a first step in the Company's "Fill the Mill" strategy and growing the business to a 15ktpa plus nickel producer over the next 5-10 years. Poseidon owns three significant nickel assets with a combined resource of close to 400kt of nickel and processing capacity of up to 3.7Mtpa of ore to produce nickel concentrate. The Company’s business strategy remains focused on leveraging its existing asset base to grow Poseidon into a significant nickel producer over a period of expected significant growth in nickel demand, largely driven by growth in the electric vehicle market. BLACK SWAN NICKEL PROJECT • Open pit and underground mineral resources • Significant established mining and processing infrastructure • Bankable Feasibility Study completed LAKE JOHNSTON NICKEL PROJECT • Strong exploration potential • Significant established mining and processing infrastructure • Previous mining studies being reviewed WINDARRA NICKEL/GOLD PROJECTS • Significant nickel mineral resource • Potential to mine nickel ore and process at Black Swan • Gold tailings resource with BFS Black Swan 2.2Mtpa processing plant Silver Swan underground 12.9kt Ni (grade - 9.5%) Golden Swan underground 6.3kt Ni (grade - 3.9%) Silver Swan Tailings - 6.2kt Ni (grade - 0.92%) Black Swan Disseminated 181kt Ni (grade - 0.63%) Southern Terrace remains prospective for additional high grade discoveries History The Black Swan Project is located approximately 600km east of Perth and 50km northeast of Kalgoorlie, Western Australia and 300kms South of Poseidon’s Windarra Nickel Project. The project commenced operations in 1997 and operated continuously until 2008. The following production was achieved: Black Swan Open Pit - 5.9Mt @ 0.7% Ni for 41kt Ni Silver Swan Underground - 2.7Mt @ 5.1% Ni for 138kt Ni Total production - 179kt Ni concentrate Poseidon Business Strategy During FY22, the Company made significant progress in advancing its pathway to production. Two metallurgical breakthroughs were achieved, which are expected to greatly enhance the economics of the Black Swan project. The first involves incorporating a rougher concentrate regrind into its process flowsheet to significantly improve the quality of the smelter grade concentrate, which is expected to result in improved nickel payability. The second was testwork on a combined serpentinite and talc carbonate ore blend to produce a rougher concentrate which is amenable to both pressure oxidation and high-pressure acid leach to produce a mixed hydroxide precipitate. As a result of these achievements, the Feasibility Study for the 1.1Mtpa project to produce high-grade nickel concentrate suitable for conventional nickel smelters was delivered. You can refer to the ASX Release dated 21 November 2022 titled "Positive Black Swan Feasibility Study" for more details. The Company is now actively working with a shortlist of potential offtakers and project financiers with the goal of reaching a Financial Investment Decision. In addition, with the assistance of Poseidon's geological consultants, Newexco, the Company completed an exploration targeting report for Lake Johnston during FY22. Follow-up reports for Black Swan and Windarra are planned to be delivered in FY23. The Lake Johnston report identified the Western Ultramafic Unit as a priority, and a program of works has been approved to undertake 15,000 meters of RC drilling. The primary focus for Poseidon has been advancing the Black Swan Feasibility Study, and a major breakthrough in metallurgy was achieved during this process. The addition of a regrind mill, which will utilise the existing Silver Swan mill, will increase the nickel grade and reduce the MgO content of the final concentrate. This will make the smelter grade concentrate more appealing to traditional nickel smelters and is expected to result in optimal nickel payabilities. Furthermore, it was discovered that a lower-grade nickel concentrate (5-7% nickel) with a higher MgO content could be produced. This concentrate would be suitable for both high-pressure acid leach and pressure oxidation plants. As a result, the scope of the Fill the Mill Strategy has been expanded to include a full feasibility study on the "rougher concentrate option." This would involve recommissioning both the SAG and ball mills at Black Swan and operating at a throughput of 2.2Mtpa. This expansion would also allow for the processing of talc carbonate ore, which is not included in the initial 1.1Mtpa smelter grade concentrate study and has the potential to increase the project's lifespan. Assuming a decision to proceed is made by early 2024, production of concentrate could commence by the end of 2024. The decision on the larger tonnage, rougher concentrate project will depend on the outcome of the feasibility study and discussions with potential customers for that product. Samso’s Conclusions (Tony’s Take) The journey of POS has been quite a rollercoaster ride, with its fair share of ups and downs. While there have been setbacks and unfulfilled promises, it's important to take a clear-eyed look at the company's potential to become a nickel producer before passing judgment on the project. Despite recent challenges, POS is actively addressing the identified issues, and we believe it's only a matter of time before they transition from an explorer to a miner. Looking at the long-term outlook for nickel, it remains excellent, and POS stands out globally among prospective and near-term producers. They have multiple existing nickel assets with varying grades, from average to high to super high-grade ores, and strong exploration targets. Additionally, their infrastructure is conservatively valued at over $600 million replacement value. Currently, the share price is undeniably low due to the project delay announcement. However, in our opinion, there is a significant disparity between the market cap of around $90 million and a more reasonable valuation based on the continued progress towards production, which could potentially reach a market cap of $300 million or more. Given the dynamic nature of the battery minerals space, it wouldn't be surprising if the low price makes POS an attractive takeover target. Nevertheless, the delay doesn't change our overall expectations, as POS is actively working with two shortlisted partners for offtake and funding. They are also diligently addressing the metallurgical and other issues outlined in their recent announcement. Once these are successfully resolved, the company will be in a position to announce a Final Investment Decision, as well as Project Funding and Offtake Agreements. As a result, we anticipate that POS will experience a substantial re-rating in due course, presenting trading opportunities for savvy investors. Chapters: 00:00 Start 00:20 Introduction 00:34 Updates from Poseidon 01:13 Metallurgy - Black Swan Restart 06:58 The global nickel market 10:23 Nickel from an ESG perspective 11:53 The cost effective advantage 17:42 The nickel market 21:44 Grid power not available to late 2024 24:43 Discussion about microgrids 26:12 Extending the mine life 28:26 Discussion about the finances 29:46 Share price performance 32:20 Concluding comments from Tony 33:49 Conclusion PODCAST About Peter Harold Managing Director and CEO Peter Harold (B.AppSc (Chem) AFAICD) is a process engineer with over 30 years corporate experience in the minerals industry, specialising in financing, marketing, business development and general corporate activities. He was until recently the Managing Director of Panoramic Resources, a company he co-founded as a $3 million IPO in 2001. Peter steered Panoramic through the financing and development of the Savannah Nickel Project in the East Kimberley and the acquisition and re-start of the Lanfranchi Nickel Project near Kambalda with the company reaching a market capitalisation of $1.2 billion in 2007. He was more recently involved in bringing the Savannah Project out of care and maintenance and back into production. Peter has extensive experience in base metal mining project feasibility studies, financings, developments, operations and marketing. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

The path to production is now gathering pace. Rooster Talk Episode 70 is packed with updates and insights and we have not one but three thought leaders share their knowledge in this episode. We begin our trilogy with Peter Harold, Managing Director and CEO of Poseidon Nickel Limited (ASX: POS). Jump to: Introduction About Poseidon Nickel Limited Company Mission Poseidon's Projects All about Black Swan Poseidon Business Strategy Nickel Market Comments Other Projects Poseidon Nickel Limited: 3 Year Share Price Poseidon Points of Difference Samso's Conclusions Podcast Introduction The Poseidon story is fascinating, with a journey stretching all the way back to the 1960s and the legendary nickel boom that spiked the stock from a few cents up to over $280 before plummeting back to earth again by early 1970. The resurrected Poseidon has experienced quite a few bumps along the road to production, gearing up towards a restart at a time of strong nickel price outlook due to the EV revolution. This is all set to change dramatically as the company reaches a key inflection point - making a Final Investment Decision and signing Project Funding and Offtake Agreements. About Poseidon Nickel Limited Poseidon Nickel Limited (ASX Code: POS) is a nickel sulphide exploration and development company with three projects located within a radius of 300km from Kalgoorlie in the Goldfields region of Western Australia and a resource base of around 400,000 tonnes of nickel and 180,000 ounces of gold. Poseidon owns the Windarra, Black Swan and the Lake Johnston Nickel Projects. In addition to the mines and infrastructure including concentrators at Black Swan and Lake Johnston, these projects have significant exploration opportunities demonstrated by the discovery of the Abi Rose deposit at Lake Johnston and the Golden Swan high-grade resource discovered at Black Swan in 2020. Company Mission Poseidon is committed to becoming a sustainable nickel producer, delivering value through performance and growth. The commencement of mining and processing at Black Swan is viewed as a first step in the Company's "Fill the Mill" strategy which the stated goal of growing the business to a 15ktpa plus nickel producer over the next 5-10 years. Poseidon owns three significant nickel assets with a combined resource of over 400kt of nickel and processing capacity of up to 3.7Mtpa of ore to produce nickel concentrate. The Company’s business strategy remains focused on leveraging its existing asset base to grow Poseidon into a significant nickel producer over a period of expected significant growth in nickel demand, largely driven by growth in the electric vehicle market. Check out the conversation in this Rooster Talk and, as I always encourage, DYOR. Poseidon’s strategic pillars are: developing a pathway to production targeted exploration across its nickel asset portfolio considering proximal business development opportunities. Poseidon's Projects Here are Poseidon's projects at a glance. BLACK SWAN NICKEL PROJECT • Open pit and underground mineral resources • Significant established mining and processing infrastructure • Bankable Feasibility Study completed in Nov 2022 • Planning to make FID mid 2023 and production by mid 2024 LAKE JOHNSTON NICKEL PROJECT • Strong exploration potential, exploration drilling about to commence • Significant established mining and processing infrastructure • Previous mining studies being reviewed WINDARRA NICKEL/GOLD PROJECTS • Significant nickel mineral resource • Potential to mine nickel ore and process at Black Swan • Gold tailings resource with BFS, partner found, due diligence underway All about Black Swan Features • 2.2Mtpa processing plant • Silver Swan underground 12.9kt Ni (grade - 9.5%) • Golden Swan underground 6.3kt Ni (grade - 3.9%) • Silver Swan Tailings - 6.2kt Ni (grade - 0.92%) • Black Swan Disseminated 181kt Ni (grade - 0.63%) • Southern Terrace remains prospective for additional high grade discoveries History The Black Swan Project is located approximately 600km east of Perth and 50km northeast of Kalgoorlie, Western Australia and 300kms south of Poseidon’s Windarra Nickel Project. The project commenced operations in 1997 and operated continuously until 2008. The following production was achieved: • Black Swan Open Pit - 5.9Mt @ 0.7% Ni for 41kt Ni in concentrate • Silver Swan Underground - 2.7Mt @ 5.1% Ni for 138kt Ni in concentrate • Total production 179kt Ni concentrate Poseidon Business Strategy The Company’s pathway to production was significantly progressed during FY22 with two metallurgical breakthroughs which has significantly improved the economics of the Black Swan project. The first involves incorporating a rougher concentrate regrind into its process flowsheet to significantly improve the quality of the smelter grade concentrate, which has resulted in improved nickel payability. The second was testwork on a combined serpentinite and talc carbonate ore blend to produce a rougher concentrate which is amenable to both pressure oxidation and high-pressure acid leach to produce a mixed hydroxide precipitate. This culminated with the delivery of the Feasibility Study on the 1.1Mtpa project to produce high grade nickel concentrate suitable for conventional nickel smelters. Refer to ASX Release dated 21 November 2022 "Positive Black Swan Feasibility Study". The Company is now working with a short list of potential offtakers and project financiers with the aim of reaching a Financial Investment Decision during the second quarter of 2023. With the assistance of Poseidon’s geological consultants, Newexco, the Company completed an exploration targeting report for Black Swan with three high priority targets identified. Newexco is now preparing a drilling program and budget to test these targets. Nickel Market Comments As Poseidon moves towards the proposed restart of Black Swan to become a nickel producer – the nickel price fundamentals outlook, with the backdrop of the new world of energy storage and EVs, is arguably the strongest we have ever seen. The strong performance of the nickel price and the positive price outlook, based on robust demand growth of nickel in electric vehicle batteries is critical to the “Fill the Mill” Strategy. Primary nickel demand is forecast to grow from 3Mtpa in 2022 to around 5Mtpa by 2030 and a staggering 10Mtpa by 2050. In our view this should result in the nickel price staying well above US$20,000 per tonne for the foreseeable future. The primary focus for Poseidon has been advancing the Black Swan Feasibility Study and during this process a major breakthrough on the metallurgy was achieved. The addition of a regrind mill which will utilise the existing Silver Swan mill, increases the nickel grade and reduces the MgO content of the final concentrate. This will make the smelter grade concentrate more attractive to traditional nickel smelters and should lead to optimal nickel payabilities being achieved. It was also recognised that a lower grade nickel concentrate (5-7% nickel) could be produced with a higher MgO content that should be attractive feed to both high pressure acid leach and pressure oxidation plants. Consequently, the scope of the Fill the Mill Strategy has been widened to include a full feasibility study on the “rougher concentrate option”, which would mean recommissioning both the SAG and ball mills at Black Swan and operating at 2.2Mtpa throughput. This will also allow processing of the talc carbonate ore which is not included in the 1.1Mtpa throughput smelter grade concentrate study and has potential to increase the project life. This study will be completed in the June 2023 quarter and should coincide with the completion of Pure Battery Technologies feasibility study on the 50ktpa pCAM refinery proposed for Kalgoorlie. Poseidon is working closely with Pure Battery Technologies since signing the MoU with them in July 2021, as the Black Swan rougher concentrate would be an ideal base feed for their proposed refinery. The rougher concentrate could also be suitable feed for a pressure oxidation and/or high pressure acid leach plants and a dialogue has been opened with a select group in relation to this opportunity. Assuming a decision to proceed is made during 2023 (whether based on a 1.1Mtpa or 2.2Mtpa throughput operation), production of concentrate could commence by around mid-2024 to take advantage of the strong nickel price environment. The decision on the larger tonnage, rougher concentrate project, will be dependent on the outcome of the feasibility study and discussion with potential customers for that product. Other Projects There is significant infrastructure at Lake Johnston, including a 1.5Mtpa concentrator and the Maggie Hays orebody which contains 52,000 tonnes of nickel. A comprehensive geological review of the Lake Johnston tenements has confirmed there are numerous targets that could generate more komatiite style orebodies and there is even the possibility of finding an intrusive orebody like Nova-Bollinger. A 15,000 metre RC drilling program is due to commence in April to test the Western Ultramatic unit. At Windarra, 25 kilometres west of Laverton, there is a significant resource base of approximately 150,000 tonnes of nickel. The economics of mining ore from Mt Windarra and trucking it to Black Swan is being studied. In addition, Windarra is highly rated in terms of exploration potential and it is intended to do more exploration there in the future. Newexco are preparing an exploration target report for the Company. Poseidon’s ultimate goal is to be mining ore from Black Swan, Lake Johnston and Windarra and processing these ores through mills at Black Swan and Lake Johnston to produce nickel in concentrate. The Black Swan BFS confirmed the economic viability of achieving that goal -: The highlights from the BFS include -:  NPV of $248M, free cashflow of $333M and an IRR of 103% at spot Ni and FX.  Low pre-production capital – inc ~ $38M for the refurbishment (46 weeks construction).  High grade nickel concentrate (15%) – good Fe Mg ratio – highly desirable smelter feed. Poseidon Nickel Limited: 3 Year Share Price It can be a rough ride for the share price as a company transitions from explorer, having resources defined to ultimately becoming a developer. This graph charts that course but we strongly believe better times are ahead for shareholders and all associated with this attractive nickel development company. Poseidon - Points of Difference Samso’s Conclusions (Tony’s Take) We believe POS is about to embark on that final, exciting phase of a mining company’s journey – commencing production. The long term outlook for nickel is excellent and Poseidon is virtually unique, globally, amongst all those prospective and near term producers. It has multiple existing nickel assets from average to high to super high grade ores and strong drilling exploration targets - and it has infrastructure valued conservatively at over $600 million replacement value. The share price on the other hand, has waxed and waned at a relatively low level for more than a decade of trading, suffering from historical nickel price setbacks and this has induced a level of scepticism that, frankly, is unwarranted. Mr. Market values their shares at a paltry 3.6 cents, with a market cap of circa $120 million. The experienced management team in place led by Peter Harold has been diligently working through all the necessary precursors to production and during that process they have unlocked enormous economic potential. It is our firm belief that Poseidon will be substantially re-rated this year and, therefore, there is a great opportunity to get in early ahead of key announcements regarding the FID and Project Funding and Offtake Agreements. Chapters: 00:00 Introduction 01:17 Recap of March 6 Announcement; Black Swan Project progress leading to Final Invest Decision (FID) and Project Funding/Offtake Agreement. 05:12 Market perception and assay results implications. 07:50 The Expansion Project: investigating and modelling increasing the existing plant throughput from 1.1 mt/pa to 2.2 mt/pa. The production of two different grades and forms of nickel concentrate. 14:48 Cost implications of production expansion (per unit and capex). 16:03 Life of Mine comments. 19:05 Holistic mining scenarios, incorporating Lake Johnston with Black Swan and Windarra assets (all geographically separated sites). 25:23 Cascading effect of multiple assets becoming mined over time. 26:39 Refurbishment of Black Swan processing plant – time to complete and get into production. 27:26 Confidence in achieving the milestone of FID and Project Funding/Offtake Agreement. 32:15 Concluding comments from Tony. PODCAST About Peter Harold Managing Director and CEO Peter Harold (B.AppSc (Chem) AFAICD) is a process engineer with over 30 years corporate experience in the minerals industry, specialising in financing, marketing, business development and general corporate activities. He was the Managing Director of Panoramic Resources from 2001-2019, a company he co-founded as a $3 million IPO in 2001. Peter steered Panoramic through the financing and development of the Savannah Nickel Project in the East Kimberley and the acquisition and re-start of the Lanfranchi Nickel Project near Kambalda with the company reaching a market capitalisation of $1.2 billion in 2007. He was more recently involved in bringing the Savannah Project out of care and maintenance and back into production. Peter has extensive experience in base metal mining project feasibility studies, financings, developments, operations and marketing. About Poseidon Nickel Limited (ASX: POS) Poseidon owns three significant nickel assets with a combined resource of over 400kt of nickel and processing capacity of up to 3.7Mtpa of ore to produce nickel concentrate. The Company’s business strategy is focussed on leveraging its existing asset base to grow Poseidon into a significant nickel producer over a period of expected significant growth in nickel demand largely driven by growth in the electric vehicle market. Poseidon’s strategic pillars are developing a pathway to production, targeted exploration across its nickel asset portfolio and considering proximal business development opportunities. The key enablers for the Company’s strategy to be successfully executed are ensuring key capabilities are resourced and the business is sufficiently funded for growth underpinned by a strong ESG framework. Poseidon Business Strategy The Company’s pathway to production was significantly progressed during FY22 with two metallurgical breakthroughs which could significantly improve the economics of the Black Swan project. The first involves incorporating a rougher concentrate regrind into its process flowsheet to significantly improve the quality of the smelter grade concentrate, which is expected to result in improved nickel payability. The second was testwork on a combined serpentinite and talc carbonate ore blend to produce a rougher concentrate which is amenable to both pressure oxidation and high-pressure acid leach to produce a mixed hydroxide precipitate. With the assistance of Poseidon’s geological consultants, Newexco, the Company completed an exploration targeting report for Lake Johnston during FY22, with follow up reports for Black Swan and Windarra to be delivered in FY23. The Lake Johnston report identified the Western Ultramafic Unit as a priority, with a program of works approved to undertake 15,000 metres of RC drilling which is planned for FY23. The Company’s business development efforts over FY22 focused on delivering value from the Windarra/Lancefield gold tailings project. Partnering with Green Gold and determining whether their proprietary gold recovery technology is suitable for Windarra/Lancefield is considered the optimal path to unlocking value from this project. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

Craig Jones, General Manager - Mining of Poseidon Nickel Limited (ASX: POS) joins us on a segment of Rooster Talk Episode 70. Craig as the General Manager - Mining gives us some thoughts on how the Lake Johnston project will begin its journey to becoming the next nickel mine in Western Australia. As investors struggle to get a grip on how to view and understand the processes required to move to the mining stage, this is a great conversation for investors to get some clarity. There is always going to be a learning curve for the average investor to know the ins and outs of the story, but getting your favourite beverage and taking the time to watch is a great start. Craig has a strong focus on preparing all operations in advance of starting up production at Black Swan as well as supporting the multiple exploration programs. He is making sure that all necessary works are in train and in accordance with the blueprint laid out in the BFS prior to the FID. During this preliminary period, he is working on a range of activities associated with launching into the intense phase of works around refurbishing the Black Swan processing facility. The plant has been in care and maintenance for quite a long time, but Craig has ensured that it has been carefully investigated and has mapped out a program attending to a number of practical matters such as building ventilation rises, having electrical and plumbing infrastructure ready, continuing dewatering of the open pit, getting fuel supplies in place, setting up administrative offices etc. The ordering of key refurbishment components has also been examined and a process is in place so that orders can be enacted quickly after the FID is announced. Check out the conversation in this Rooster Talk and, as I always encourage, DYOR. Chapters: 00:00 The role of the General Manager Mining. 00:59 Comments on the BFS and then asking about placement of POS to move into refurbishing the Black Swan processing plant, post FID and Project Funding/Offtake Agreements. 02:37 From now to June, what is POS undertaking prior to the restart decision? 03:28 Once the Black Swan restart commences, what is an outline of the main steps involved in completing the refurbishment? 04:19 What level of confidence is there in the process of starting up an idle plant? 04:45 After the drilling program at Lake Johnston, a description of the activities and approach to exploration. 05:42 Summary and final comments. PODCAST About Craig Jones General Manager - Mining Craig Jones is a highly experienced mining executive and qualified mining engineer with more than 28 years’ experience in West Australian underground hard-rock mining within the resource industry. Prior to his appointment in February 2022, he was the Chief Operating Officer for Bellevue Gold where he was instrumental in establishing the restart of the historical operation, leading the feasibility study and an integral team member involved in the financing of the project. Prior to his most recent role, he held senior roles in operations, mine management and business development for various mining companies including Northern Star Resources. Craig has been instrumental in optimising, integrating and operating underground mines as well as upgrading mill infrastructure and installation of major capital projects at various operations. Craig has a Bachelor of Engineering (Mining) from the University of Ballarat and holds a WA First Class Mine Manager’s Certificate. About Poseidon Nickel Limited (ASX: POS) Poseidon owns three significant nickel assets with a combined resource of over 400kt of nickel and processing capacity of up to 3.7Mtpa of ore to produce nickel concentrate. The Company’s business strategy is focussed on leveraging its existing asset base to grow Poseidon into a significant nickel producer over a period of expected significant growth in nickel demand largely driven by growth in the electric vehicle market. Poseidon’s strategic pillars are developing a pathway to production, targeted exploration across its nickel asset portfolio and considering proximal business development opportunities. The key enablers for the Company’s strategy to be successfully executed are ensuring key capabilities are resourced and the business is sufficiently funded for growth underpinned by a strong ESG framework. Poseidon Business Strategy The Company’s pathway to production was significantly progressed during FY22 with two metallurgical breakthroughs which could significantly improve the economics of the Black Swan project. The first involves incorporating a rougher concentrate regrind into its process flowsheet to significantly improve the quality of the smelter grade concentrate, which is expected to result in improved nickel payability. The second was testwork on a combined serpentinite and talc carbonate ore blend to produce a rougher concentrate which is amenable to both pressure oxidation and high-pressure acid leach to produce a mixed hydroxide precipitate. With the assistance of Poseidon’s geological consultants, Newexco, the Company completed an exploration targeting report for Lake Johnston during FY22, with follow up reports for Black Swan and Windarra to be delivered in FY23. The Lake Johnston report identified the Western Ultramafic Unit as a priority, with a program of works approved to undertake 15,000 metres of RC drilling which is planned for FY23. The Company’s business development efforts over FY22 focused on delivering value from the Windarra/Lancefield gold tailings project. Partnering with Green Gold and determining whether their proprietary gold recovery technology is suitable for Windarra/Lancefield is considered the optimal path to unlocking value from this project. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

The segment of Rooster Talk Episode 70 is with Karyn Parker, Senior Exploration Geologist of Poseidon Nickel Limited (ASX: POS). In the video, Karyn tells us about the prospectivity of the Lake Johnston project. Karyn describes in detail the process in which exploration will be conducted to reveal the prospectivity of the project. This is an insight into what the team at Poseidon is doing in shaping up the project for a long life mine. Karyn had considerable responsibility for submitting a highly contested Government Grant application for funding a drilling program at their Lake Johnston site. The Exploration Incentive Scheme (EIS) Grant of up to $180,000 was successfully awarded to Poseidon and will be used for subsidising the cost of the proposed 15,000m drilling program. The drilling is expected to get underway in early April and will test the highly prospective and underexplored Western Ultramafic Unit for new nickel sulphides. The proposed program aims to delineate and vector towards channel features along the basal contact of the Western Ultramafic Unit, the prime geological setting where nickel sulphides can accumulate. Karyn is very excited about commencing drilling at Lake Johnston where she will also be looking at opportunities to explore for lithium. Additionally, Karyn will be planning further investigative testing at both the Black Swan and the Windarra sites. Check out the conversation in this Rooster Talk and, as I always encourage, DYOR. Chapters: 00:00 Introduction and review of Karyn’s career. 01:50 Comments on the Announcement in respect to the Lake Johnston drilling program kicking off in early April. 03:30 The fertility of the Lake Johnston target area, inclusion of historical data indicating follow up drilling in overlooked areas. 04:55 Discussion of nickel grades around Lake Johnston site. 05:10 The anticipated nature of material mined from Lake Johnston versus ore from Black Swan site. 06:55 The Government drilling grant for Lake Johnston; Karyn’s role in preparing a successful submission. 08:45 Recalling her handling of super high grade core assays from Silver Swan/Golden Swan. Exploration potential for hitting more bonanza grade veins. 10:45 Tony’s comment on drilling targets. PODCAST About Karyn Parker Senior Exploration Geologist Karyn Parker is a geologist with over 15 yrs experience in nickel sulphide exploration within Western Australia. Her career includes working in near mine exploration at Forrestania and Black Swan for Outokumpu Mining Australia, before joining Jubilee Mines. Karyn has also worked for several juniors in the southern Goldfields, conducting and running exploration programs in Norseman and Lake Johnston. In 2007 she was appointed Exploration Manager for Hannans. Karyn joined Poseidon Nickel in January 2022 and is a member of the Australian Institute of Geoscientists (AIG). About Poseidon Nickel Limited (ASX: POS) Poseidon owns three significant nickel assets with a combined resource of over 400kt of nickel and processing capacity of up to 3.7Mtpa of ore to produce nickel concentrate. The Company’s business strategy is focussed on leveraging its existing asset base to grow Poseidon into a significant nickel producer over a period of expected significant growth in nickel demand largely driven by growth in the electric vehicle market. Poseidon’s strategic pillars are developing a pathway to production, targeted exploration across its nickel asset portfolio and considering proximal business development opportunities. The key enablers for the Company’s strategy to be successfully executed are ensuring key capabilities are resourced and the business is sufficiently funded for growth underpinned by a strong ESG framework. Poseidon Business Strategy The Company’s pathway to production was significantly progressed during FY22 with two metallurgical breakthroughs which could significantly improve the economics of the Black Swan project. The first involves incorporating a rougher concentrate regrind into its process flowsheet to significantly improve the quality of the smelter grade concentrate, which is expected to result in improved nickel payability. The second was testwork on a combined serpentinite and talc carbonate ore blend to produce a rougher concentrate which is amenable to both pressure oxidation and high-pressure acid leach to produce a mixed hydroxide precipitate. With the assistance of Poseidon’s geological consultants, Newexco, the Company completed an exploration targeting report for Lake Johnston during FY22, with follow up reports for Black Swan and Windarra to be delivered in FY23. The Lake Johnston report identified the Western Ultramafic Unit as a priority, with a program of works approved to undertake 15,000 metres of RC drilling which is planned for FY23. The Company’s business development efforts over FY22 focused on delivering value from the Windarra/Lancefield gold tailings project. Partnering with Green Gold and determining whether their proprietary gold recovery technology is suitable for Windarra/Lancefield is considered the optimal path to unlocking value from this project. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments

The nickel mining space is now gathering pace and this Coffee with Samso Episode 167 with Peter Harold, Managing Director and CEO of Poseidon Nickel Limited (ASX: POS) , is all about the changing dynamics. The Black Swan story stems from a long history of nickel prospecting and mining in the Kalgoorlie - Kambalda district. The company has gone through great lengths to come up with a Bankable Feasibility Study (BFS) which looks good. Some people may say that the projections are not realistic but I feel that the move to an EV world requires taking quantum leaps in the mineral resource industry. The pricing of copper and nickel, which is principally the building blocks of industrialisation is now primed to move in a positive direction. There are many commentaries out in the marketplace clearly showing that the appetite for a No Emission world is going to require a magnitude of mining activities. The increase is not going to be something like what we had in the past. This is a step ahead and the first companies that will take advantage, the first companies that will be rewarded, are those closest to mining. The boom bust cycle of commodity prices will continue but at a different level. Hence, companies like Poseidon are well placed. The BFS is robust and using spot price is an ingenious move as the market perception is that the nickel price is moving. In today's coffee conversation, Peter tells us all about the ins and outs of the Poseidon story. Check out the conversation in this Coffee with Samso and, as I always encourage, DYOR. Chapters : 00:00 Start 00:20 Introduction 01:01 Why did Peter join Poseidon Nickel Limited? 01:56 The geology of the project - Epic Silver Swan Discovery. 03:23 The projects of Poseidon Nickel Limited. 05:17 Infrastructure of the project. 07:06 Lake Johnston - Drilling Program and EIS grant. 10:15 Bankable Feasibility Study. 14:37 What are you going to do with the product? MOU with PBT. 18:44 Global significance of nickel - Government support. 25:37 ESG 27:20 Recent drilling. 30:12 Comments on the share price - MST report. 41:00 Poseidon Mythology - back in the days. 47:14 Final comments. 50:18 Conclusion PODCAST About Peter Harold Managing Director and CEO Peter Harold (B.AppSc (Chem) AFAICD) is a process engineer with over 30 years corporate experience in the minerals industry, specialising in financing, marketing, business development and general corporate activities. He was until recently the Managing Director of Panoramic Resources, a company he co-founded as a $3 million IPO in 2001. Peter steered Panoramic through the financing and development of the Savannah Nickel Project in the East Kimberley and the acquisition and re-start of the Lanfranchi Nickel Project near Kambalda with the company reaching a market capitalisation of $1.2 billion in 2007. He was more recently involved in bringing the Savannah Project out of care and maintenance and back into production. Peter has extensive experience in base metal mining project feasibility studies, financings, developments, operations and marketing. About Poseidon Nickel Limited (ASX: POS) Poseidon owns three significant nickel assets with a combined resource of close to 400kt of nickel and processing capacity of up to 3.7Mtpa of ore to produce nickel concentrate. The Company’s business strategy remains focussed on leveraging its existing asset base to grow Poseidon into a significant nickel producer over a period of expected significant growth in nickel demand largely driven by growth in the electric vehicle market. Poseidon’s strategic pillars are developing a pathway to production, targeted exploration across its nickel asset portfolio and considering proximal business development opportunities. The key enablers for the Company’s strategy to be successfully executed are ensuring key capabilities are resourced and the business is sufficiently funded for growth underpinned by a strong ESG framework. Poseidon Business Strategy The Company’s pathway to production was significantly progressed during FY22 with two metallurgical breakthroughs which could significantly improve the economics of the Black Swan project. The first involves incorporating a rougher concentrate regrind into its process flowsheet to significantly improve the quality of the smelter grade concentrate, which is expected to result in improved nickel payability. The second was testwork on a combined serpentinite and talc carbonate ore blend to produce a rougher concentrate which is amenable to both pressure oxidation and high-pressure acid leach to produce a mixed hydroxide precipitate. With the assistance of Poseidon’s geological consultants, Newexco, the Company completed an exploration targeting report for Lake Johnston during FY22, with follow up reports for Black Swan and Windarra to be delivered in FY23. The Lake Johnston report identified the Western Ultramafic Unit as a priority, with a program of works approved to undertake 15,000 metres of RC drilling which is planned for FY23. The Company’s business development efforts over FY22 focused on delivering value from the Windarra/Lancefield gold tailings project. Partnering with Green Gold and determining whether their proprietary gold recovery technology is suitable for Windarra/Lancefield is considered the optimal path to unlocking value from this project. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments