Bellevue Gold (BGL) 2025 Conference Summary Company Overview - Bellevue Gold operates a new mine in the Northern goldfields of Western Australia, transitioning from explorer to developer and now to producer with a focus on high-grade underground mining [21][24] Key Industry Insights - The company is positioned to produce 7% of the global antimony supply, highlighting its significance in the critical minerals market [1] - The U.S. is heavily reliant on antimony, consuming about 40% of the world's supply, which underscores the demand for Bellevue's production [2] Financial Highlights - The company raised $105 million through bonds and an additional $60 million in capital, totaling $250 million in funding within six days [4][5] - The project has a projected EBITDA of $2.51 billion and free cash flow of $1 billion over the first seven years [6] - The net present value (NPV) is estimated at $700 million with a capital expenditure (CapEx) of $150 million, resulting in a 5:1 NPV to CapEx ratio, which is considered excellent [7] - The payback period for the investment is projected at 11 months, with a mid-tier pricing strategy of $2,800 per ounce of gold and $41,000 per tonne of antimony [8] Production and Operational Updates - The company plans to commence antimony production in early 2026, with a mine life projected to exceed 20 years [6][7] - Bellevue produced 130,000 ounces of gold in FY 2025 and aims to increase production in FY 2026 and beyond [29][30] - The company has established a strong operational base with all necessary infrastructure in place, transitioning from a construction site to an operational site [30][25] Mining and Development Strategy - Bellevue's mining operation consists of multiple underground mines, with a focus on high-grade areas to enhance production [32][39] - The company has implemented a significant amount of development work to ensure consistent production rates, achieving a strong exit rate in June 2025 [35][38] - The ore body at Bellevue is unique, allowing for flexible mining strategies to optimize production based on market conditions [16][20] Sustainability and Environmental Initiatives - Bellevue has achieved net zero greenhouse gas emissions for its gold project, positioning itself as the world's first net zero gold producer [52] - The company has invested in renewable energy infrastructure, including a 90-megawatt hybrid power station, aiming for 80-90% renewable energy penetration [51][56] - Sustainability is embedded in the company's operations, appealing to environmentally conscious consumers and investors [57] Future Outlook - Bellevue is optimistic about its exploration potential, with significant opportunities to extend the mine life through ongoing drilling and resource evaluation [49][48] - The company is well-positioned in a favorable mining jurisdiction, with a strong focus on operational efficiency and sustainability [58]

Core Insights - Nova Minerals Limited is advancing its Estelle Gold and Critical Minerals Project in Alaska, focusing on gold and antimony exploration with a significant drilling program [1][6][24] Estelle Project - A 15,000-meter drill program commenced in June 2025, targeting the RPM and Korbel gold deposits and initiating resource estimation at the Stibium prospect for both gold and antimony [6][8] - The Estelle Project encompasses over 20 advanced gold and antimony prospects, including two defined multi-million ounce resources [24] RPM Drill Program - A 10,000-meter drill program at the RPM deposit began in July 2025, aimed at enhancing resource definition and expanding mineralization [6] - Drilling will focus on the eastern strike extension beneath a fractured zone and the high-grade hornfels/intrusive contact, which is known for significant gold mineralization [6][7] Korbel Drill Program - Approximately 2,000 meters of drilling at Korbel will target a potential higher-grade starter pit at Korbel Main, with flexibility to expand into other high-priority targets [4] Surface Sampling Program - A comprehensive regional surface exploration program is underway, including geological mapping and geochemical sampling to identify new high-priority prospects [5] Antimony Assets - The Stibium prospect has commenced a 3,000-meter drilling program to establish a maiden mineral resource estimate for gold and antimony [11] - High-impact results from surface sampling include rock samples with over 30% Sb and gold grades up to 141 g/t [11] U.S. Department of Defense Grant - Nova's application for U.S. Department of Defense funding is in its final stages, which could fast-track the development of the antimony resource at Estelle [9][11] - Successful funding would allow for an expanded drilling program and initial testing at the Styx target [11] Financial Position - As of June 2025, Nova had A$9.08 million in cash and no debt, excluding A$18.4 million raised in a subsequent U.S. offering [11] - Notable cash flow items include A$1.9 million in exploration and evaluation costs and A$432,000 in administration expenses [11] Corporate Developments - The appointment of Mr. Chaim (Dovi) Berger as an Independent Non-Executive Director was announced, bringing extensive experience in corporate law and finance [11]

Summary of Conference Call Company and Industry - **Company**: Alkane Resources Limited - **Merger**: Alkane is merging with Mandalay Resources, a TSX listed company, with the merger closing on August 5 [1][3] Core Points and Arguments - **Production and Financials**: - In the last twelve months, Alkane produced 161,000 ounces from three operating mines located in New South Wales, Victoria, and Sweden [2] - The combined market capitalization of the merged entity is approximately $900 million, with cash in the bank as of June 30 being AUD $218 million and net cash around AUD $150 million after transaction costs [2] - **Transaction Details**: - The merger involves a nil premium structure, with a shareholder vote scheduled for Monday [3][4] - **Mine Operations**: - Key assets include: - **Tommingly**: Existing asset since 2014, produced 70,000 ounces last year, expected to increase production this year [5] - **Costerfield**: Producing 50,000 ounces, noted as the largest Western producer of Antimony [5][12] - **Bjorkdal**: Another 50,000 ounces produced, located below the Arctic Circle [6] - **Future Production Expectations**: - The merged entity anticipates producing 40,000 ounces equivalent quarterly, with cash growth of under $25 million quarter on quarter [7] - Expected cash build exceeding $100 million in the next year [8] - **Mine Life and Stability**: - Focus on stabilizing production and extending mine lives: - Tommingly: 8-year mine life, 70,000-80,000 ounces [9] - Yorkdale: 10-year mine life, 50,000 ounces [9] - Costerfield: 4-year mine life, with efforts to extend it [9] - **Exploration and Expansion**: - Ongoing exploration drilling at Costerfield and Bjorkdal to identify high-grade opportunities [20][22] - Plans to ramp up drilling to extend mine life and secure permits for new areas [27] - **Bodekaiser Project**: - A large copper-gold porphyry project with 15 million ounces equivalent in the ground, aiming for joint venture opportunities in the future [28][29] Additional Important Content - **Market Positioning**: - Both Alkane and Mandalay are considered subscale with market caps around $400 million and $500 million respectively, leading to the merger to create a more significant entity [30] - The merged company aims to attract passive funds by moving into larger indexes like ASX 300 and GDXJ, which could enhance liquidity and market presence [32] - **Operational Costs**: - Current operational costs for Tommingly are in the range of $2,000 to $2,300 per ounce [26] - Bjorkdal operates at a low cost of 3¢ per kilowatt hour for power, making it profitable even at lower grades [20] - **Investor Communication**: - Emphasis on demonstrating the potential for continued profitability and growth to investors, encouraging them to engage with their brokers regarding future investment opportunities [32][33]

Sunday Creek An Expanding and Significant Global Gold -Antimony Discovery Victoria, Australia Noosa Mining Conference Deck, July 24 2025 For personal use only SX2 SXGC Important Information Overview: This presentation (this "Presentation") dated July 24, 2025, has been prepared by Southern Cross Gold Consolidated Ltd ("SXGC" or the "Company") and is authorized for release by Managing Director, Michael Hudson. Accuracy of Information: Readers are directed to the public disclosure of Southern Cross Gold Conso ...

Company Overview & Strategy - United States Antimony Corporation (USAC) focuses on extracting, processing, and selling antimony and zeolite hard minerals[8] - The company aims to secure domestic supply chains for critical minerals by 2027, reducing reliance on foreign sources[32] - USAC is expanding its antimony processing footprint to increase production and sales in Montana and Mexico[130] - The company is evaluating strategic acquisition and additional mining lease opportunities in the US and Canada[133] Antimony Market & Operations - Antimony has seen over a 500% price increase recently[27, 56] - China controls over 60% of world antimony ore[55] and has cut off the global supply of antimony[29] - USAC owns and operates the only two North American antimony smelters[26, 28] - The Thompson Falls smelter is expanding to a capacity of 300 tons per month or 11 tons per day[33] - The Madero smelter in Mexico has restarted operations with a capacity of 200 tons per month or 7 tons per day[41, 43, 47] Zeolite Operations - Bear River Zeolite mine experienced a 9% increase in tons sold in fiscal year 2024[111] - The company launched a new in-house product line for cattle feed called CattlePrime™[112, 115] Financial Performance & Outlook - The company's 2024 revenues were the highest since going public in 2012[123] - USAC maintained a high cash balance of $182 million as of December 31, 2024[123] - The company projects consolidated revenues of $40 - $50 million for 2025[136]

Core Insights - Southern Cross Gold Consolidated Ltd has reported significant drilling results from its Sunday Creek gold-antimony project, highlighting the effectiveness of its systematic infill drilling strategy which has reproduced high-grade zones and discovered additional mineralization. Group 1: Exceptional High-Grade Intercepts - The drill hole SDDSC162 intersected 3.9 m at 124.9 g/t AuEq (124.6 g/t Au, 0.1% Sb), marking it as the tenth best interval to date at Sunday Creek [4][9][10] - Individual assays reached up to 2,110 g/t Au, representing the seventh best gold assay recorded [4][7] - The Apollo prospect's drill hole SDDSC164 yielded a fourth sample exceeding 100 g/t Au within 180 m of the surface [4][13] Group 2: Successful Infill Strategy Delivering Results - Two infill holes successfully reproduced high-grade zones, validating the geological model and discovering additional vein sets beyond original targets [4][5] - A new 60 m zone of prospective near-surface ground was discovered adjacent to the historic Gladys Mine, which had a 104 m strike length [4][6] Group 3: High-Grade Antimony Confirmed - High-grade antimony-gold combinations were confirmed, including 87.1 g/t Au with 21.6% Sb and 62.3 g/t Au with 20.1% Sb [4][6][30] - The strategic importance of antimony is underscored by ongoing Chinese export restrictions, enhancing the project's value [4][30][33] Group 4: Operational Momentum - The company is advancing a drill program exceeding 200 km, with twenty holes currently being processed and eight actively drilling [8][11][18] - The systematic drilling strategy aims to expand the mineralized footprint while improving geological understanding [19][22] Group 5: Strategic Value of Sunday Creek - The Sunday Creek project is located 60 km north of Melbourne and covers 16,900 hectares, with the company also holding 1,054.51 Ha of freehold land [20][32] - The dual-metal profile of gold and antimony enhances the project's strategic value, particularly in light of China's export restrictions on antimony [33][34]

Summary of United States Antimony Corporation Conference Call Company Overview - **Company Name**: United States Antimony Corporation (UAMY) - **Founded**: 1968, went public in February 2012 - **Current CEO**: Gary Evans, appointed after the founder's passing four years ago [4][5] Key Industry Insights - **Critical Mineral**: Antimony is classified as a critical mineral by the Department of Defense, with significant applications in military and industrial sectors [8][16] - **Market Control**: Historically, the antimony market has been dominated by China, which has shifted from being a net producer to a net importer due to resource depletion [13][24] - **U.S. Supply Chain**: The U.S. Department of Defense is seeking to source critical minerals domestically by 2027, creating opportunities for UAMY [16][52] Financial Performance - **Revenue Growth**: UAMY reported revenues of approximately $7 million in 2023, nearly doubling to $15 million in 2024, with guidance of $40 to $50 million for the current year [50][55] - **Cash Position**: The company has about $18 million in cash and minimal debt of around $250,000 [51] Operational Developments - **Management Changes**: A complete overhaul of management and board has been implemented to drive new strategies and growth [5][49] - **Expansion Plans**: The company is expanding its operations in Montana and has plans to process material from Alaska, which will significantly improve margins [18][30][31] - **Processing Capacity**: The Madero smelter in Mexico has an engineered capacity of 200 tons per month, currently operating at 70 to 100 tons [20] Market Dynamics - **Price Surge**: The price of antimony has surged nearly 700% since China's supply cut announcement, rising from $5 to approximately $30 per pound [24][27] - **Competitive Landscape**: UAMY is positioned as the only vertically integrated antimony producer in the Western Hemisphere, with two permitted smelters [15][54] Strategic Initiatives - **Geological Claims**: UAMY has staked claims in Alaska and Ontario, focusing on antimony and other critical minerals like cobalt [6][33] - **Government Relations**: The company has engaged with the Department of Defense and other government agencies to secure funding and support for its operations [17][52] Additional Insights - **Zeolite Business**: UAMY is also involved in zeolite production, which has various applications including water filtration and agriculture [35][39] - **Environmental Considerations**: The company is exploring low-carbon concrete alternatives using zeolite, aligning with industry trends towards sustainability [40][41] Conclusion - **Future Outlook**: UAMY is optimistic about its growth trajectory, driven by domestic demand for antimony and strategic government partnerships, with expectations to meet and exceed revenue guidance [61][62]

Group 1 - Globex Mining Enterprises Inc. has announced a site visit to its Bald Hill Antimony Property in Nova Scotia, as reported by Antimony Resources Corp. [1] - The drilling program at the Bald Hill site has completed 1,600 metres out of a planned 2,500 metres, with significant findings including massive stibnite and stibnite-bearing breccia in approximately 80% of the drill holes [2] - Antimony mineralization has been identified in surface outcroppings over a distance of at least 300 metres [2] Group 2 - The technical information in the press release was reviewed and approved by a Qualified Person, Jim Atkinson, MSc., P.Geo., ensuring compliance with National Instrument 43-101 [3] - The press release was authored by Jack Stoch, P.Geo., who serves as the President and CEO of Globex Mining Enterprises Inc. [3]

Core Viewpoint - Perpetua Resources Corp. has submitted a formal application to the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $2 billion to construct the Stibnite Gold Project, which aims to establish a domestic source of antimony and produce gold [2][3][4]. Group 1: Project Financing and Application - The application amount has increased from $1.8 billion to $2 billion, reflecting a higher estimated number of job-years based on recent financial updates and engineering work [1][3]. - EXIM is expected to conduct standard due diligence on the application, assessing the project's eligibility under relevant initiatives [2][3]. - The financing, if approved, could cover a majority of the project's development costs, enhancing the U.S. competitive position against China in antimony production [5][6]. Group 2: Strategic Importance of the Project - The Stibnite Gold Project is positioned as a national strategic asset for domestic antimony production and is also recognized as a world-class gold asset [4][5]. - The project aims to restore a secure supply of antimony for the U.S., which is critical for national defense, especially after China blocked global antimony exports in 2024 [5][6]. - Perpetua Resources has received a Technology Investment Agreement of $59.2 million in Defense Production Act funding to advance the project [7]. Group 3: Regulatory and Permitting Progress - Perpetua has received its final federal permit, the Clean Water Act Section 404 permit, marking the end of an eight-year federal permitting process [6]. - The company is now focused on obtaining remaining state permits and securing financing to commence construction [6][7].

Core Points - The U.S. Army Corps of Engineers has issued the final federal Clean Water Act Section 404 permit for the Stibnite Gold Project, allowing Perpetua Resources to advance towards construction [1][2] - The project aims to be the only domestic source of antimony, enhancing U.S. national security and providing environmental and community benefits [1][2] - The Stibnite Gold Project is expected to create approximately 550 jobs during operations and produce around 450,000 ounces of gold annually in its first four years [2][3] Project Details - The Stibnite Gold Project is designed to redevelop the historical Stibnite Mining District for gold, silver, and antimony while restoring the environment [3][7] - The project holds approximately 4.8 million ounces of gold reserves and an estimated 148 million pounds of antimony, which could meet about 35% of U.S. antimony demand during its initial six years of production [2][3] - The project has undergone eight years of rigorous permitting, including multiple environmental impact statements, with over 23,000 letters of support received during public comment periods [3][4] Economic and Environmental Impact - The project is expected to bring significant investment to rural Idaho and enhance U.S. mineral security, especially after China cut off global antimony exports [2][4] - Environmental restoration efforts include improving water quality, restoring natural water flow, and increasing wetland acres and quality [5][6] - The project has been recognized as a Transparency Project by the Trump Administration, aimed at bolstering American mineral production [4][6] Company Background - Perpetua Resources Corp. focuses on the exploration and redevelopment of gold-antimony-silver deposits in Idaho, applying a modern and responsible mining approach [7] - The company has received $59.2 million in Defense Production Act funding to advance the project [7] - Perpetua Resources is committed to transparency, environmental stewardship, and community engagement as part of its operational strategy [7]