Xpedra's Sensational Gold Results in New South Wales - Scott Funston (ASX: XPD)

It would seem opportunity knocks for investors in Sunstone Metals. There appears to be a big disconnect between the market cap of the company and the amount of metal they have in the ground. Guest bio Patrick Duffy is Managing Director of Sunstone Metals Limited (ASX: STM), an Ecuador-focused gold-copper explorer advancing the Bramaderos gold-copper project in the south of the country and the El Palmar gold-copper project in the north. Duffy is a Chartered Accountant who began his career at Ernst & Young. He was Chief Corporate Development Officer and Chief Financial Officer at Red 5 Limited (now Vault Minerals), where he led financing for the King of the Hills gold mine and the sale of the Siana mine in the Philippines. Earlier he was Chief Financial Officer of the Tampakan copper-gold project and Director of Strategy and Performance at Xstrata Copper and for the Koniambo Nickel Project, and has worked in management consulting, mining private equity and agricultural technology. He joined the Sunstone board as a Non-Executive Director in November 2023 and became Managing Director and Chief Executive Officer in April 2024. Produced by Resource Media The Hole Truth: Mining Investment Podcast is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions. Resources LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ Instagram: https://www.instagram.com/theholetruthpodcast/ Company website: https://www.sunstonemetals.com.au/ Key Insights

Gateway appears to have cracked the code at its Yandal Gold Project in Western Australia, with some cracking results. The upside now could be huge. Guest bio Richard Pugh is Chief Executive Officer of Gateway Mining Limited (ASX: GML), a Perth-based gold explorer whose flagship Yandal Gold Project covers 1,780 square kilometres on the eastern flank of the Yandal greenstone belt in Western Australia, alongside the Glenburgh South and Barrelmaker projects. Pugh is a geologist with more than 18 years of industry experience, having worked as a senior consulting geologist and exploration manager for ASX-listed explorers. He came to Gateway with the ground already familiar. As Technical Director of the Yandal Gold Project at Strickland Metals, he ran the work that turned Millrose from an unloved asset into a $61 million sale to Northern Star Resources, and led the drilling at Horse Well that more than doubled the resource there and established what controls the gold along the belt. Gateway acquired the Yandal project from Strickland in August 2025 for $45 million in convertible preference shares, and Pugh was appointed Chief Executive Officer shortly afterwards. Pugh holds a Bachelor of Science in Exploration and Resource Geology from Cardiff University and is a Member of the Australian Institute of Geoscientists, acting as Competent Person under the JORC Code for the company's results. He works alongside Executive Chairman Andrew Bray, a foundation shareholder and former Chief Executive Officer of Strickland Metals, and Non-Executive Directors Anthony McClure, David Morgan and David Crook. Produced by Resource Media The Hole Truth: Mining Investment Podcast is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions. Resources LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ Instagram: https://www.instagram.com/theholetruthpodcast/ Company website: https://www.gatewaymining.com.au/ Key Insights

Kaoko's share price has run wild on the back of the first two holes at its copper project in Namibia. The company is clearly onto something. The only question is, how big is it? Guest bio Gerard O'Donovan is Managing Director and Chief Executive Officer of Kaoko Metals Limited (ASX: KAO), a West Perth-based explorer advancing the Chalkos Copper-Silver Project in Namibia's Kaoko Copper Belt and the Karibib Copper-Gold-Tungsten Project in the Damara Belt. O'Donovan brings more than 18 years of experience across exploration, project development and mining operations, spanning IPO delivery and growth-stage resources companies. Before co-founding Kaoko, he held roles with Pilbara Minerals, Fortescue Metals Group and Rio Tinto. He formed the company in 2024 with geologists Callum Standing and Harry Madley around a deliberately contrarian strategy of true greenfields exploration in highly prospective ground, and took Kaoko to the ASX in May 2026 through a $6.5 million IPO at 20 cents a share. O'Donovan holds a Bachelor of Engineering (Civil and Structural, Honours) and is the company's largest individual shareholder. He is joined on the board by Non-Executive Chair Mark Thompson, founder of Talga Group and Catalyst Metals, and Non-Executive Director Jody Dahrouge of Dahrouge Geological Consulting. Produced by Resource Media The Hole Truth: Mining Investment Podcast is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions. Resources LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ Instagram: https://www.instagram.com/theholetruthpodcast/ Company website: https://kaokometals.com.au/ Key Insights

Lachlan Star is churning out some fantastic drilling results from its New Waverley Gold project. It's a brownfields exploration campaign. The project has sat relatively dormant for many years in the hands of private prospectors, and now Lachlan Star is hitting it hard with the drill rig. Guest bio Andrew Tyrrell is Chief Executive Officer of Lachlan Star Limited (ASX: LSA), a Perth-based gold and base metals explorer advancing the New Waverley Gold Project near Norseman in Western Australia's Eastern Goldfields. Tyrrell brings more than two decades of minerals industry experience built around gold exploration and discovery. He joined Lachlan Star as CEO in February 2024 after serving as General Manager of Discovery at Gold Road Resources, where he led the company's transition into a national explorer and restructured its Discovery Group into a self-generating business development model. Before that, he spent a decade at AngloGold Ashanti, including as Technical Manager overseeing global greenfields exploration and as Exploration Manager for the company's USA operations, where he played a key role in the discovery of the Silicon epithermal gold project in Nevada. Tyrrell holds a Master of Science in Ore Deposit Geology from the University of Western Australia and a Bachelor of Science in Applied Geology from Curtin University, and is a member of the Society of Economic Geologists, the Australian Institute of Geoscientists and the Geological Society of Nevada. Produced by Resource Media The Hole Truth: Mining Investment Podcast is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions. Resources LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcastYouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCCWebsite: https://resourcesrisingstars.com.au/the-hole-truth-podcast/Instagram: https://www.instagram.com/theholetruthpodcast/Company website: https://lachlanstar.com/ Key Insights 1. A chance meeting at a Norseman servo delivered a 90%-owned high-grade gold project.New Waverley was privately held for close to 40 years by two individual prospectors before Lachlan Star got involved. The most recent, David "Golly" Pascoe, a Norseman local who picked up the ground around 15 years ago, granted the mining lease only last year. Lachlan Star's field team crossed paths with Pascoe by chance at the local service station while working an adjoining project, and months of conversation turned into a deal: Lachlan Star acquired 90% of the project for cash and shares, while Pascoe retained a 10% free-carried interest through to pre-feasibility, a 1% net smelter royalty, and shares in the company. The ground includes the old Waverley open pit, mined by Great Fingall Mining Company NL in 1988 for around 4,500 ounces at an average grade of roughly 14 grams per tonne, before the gold price crash sent the operator into administration and the tenement lapsed. 2. Early drilling is already turning up shallow, high-grade gold.Since completing the acquisition in March 2026, Lachlan Star has pushed through roughly 5,500–6,000 metres of combined diamond and RC drilling, with the RC program expanding well beyond its original scope on the strength of what the rig was turning up. Results include intercepts such as 16m at 5.3g/t gold (including 4m at 20g/t) and 4m at 13.83g/t gold (including 1m at 53g/t), with the individual quartz-reef veins themselves regularly assaying at an ounce or two per tonne. Crucially, the mineralisation sits close to surface — around 40 to 50 metres deep at Waverley Pit, and effectively at surface at Trial Pit, where the company panned free gold from a quartz vein just six metres down. 3. The system is open in every direction across a 400-metre strike — and there are signs of much more.Lachlan Star has now traced the same style of quartz-vein mineralisation across 4

Nothing happens by halves in David Flanagan's world. After a long period of suspension on the ASX, Arrow Minerals is back in business with two projects in WA and two in Guinea. The company has a market cap of just sixteen million dollars. Guest Bio David Flanagan is Managing Director of Arrow Minerals (ASX: AMD), which returned to trading in 2026 after Arrow secured clarity over its tenement ownership in Guinea. The company now holds four projects: the Yarraloola Copper Project and a new iron ore project in the Pilbara, Western Australia, alongside the Niagara Bauxite Project and the Simandou North Iron Project in Guinea. A geologist by training, Flanagan founded Atlas Iron in 2004 and led it as managing director and later chair until 2016, building it into an ASX 50 iron ore producer before it was acquired by Hancock Prospecting in 2018. He was previously exploration manager at Gindalbie Gold, served as chancellor of Murdoch University from 2013 to 2019, and was made a Member of the Order of Australia in 2018 for services to mining, community and education. Produced by Resource Media The Hole Truth: Mining Investment Podcast is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions. Links The Hole Truth LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast The Hole Truth YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC The Hole Truth Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ The Hole Truth Instagram: https://www.instagram.com/theholetruthpodcast/ Company Website: https://arrowminerals.com.au/ Key Insights A 424-day suspension is finally behind the companyArrow's shares were suspended for roughly a year after Guinea's mines department placed around 400 exploration tenements, including Arrow's Niagara Bauxite and Simandou North projects, into an ownership review. Flanagan says Arrow made its case and was told a decision would come "in a very short time" — which turned out to mean 424 days. Niagara has now been formally returned to Arrow, with the government working through the remaining tenements, including Simandou North, one by one. A copper-gold bet built on a 1970s "flag" and modern geophysicsThe Yarraloola Copper Project was attractive to Flanagan for two reasons: Newexco Exploration's Adrian Black and Bill Amann, veterans of discoveries including Nova-Bollinger, identified surface gold tied to a structure on the ground; and historical drilling by Western Mining in the 1970s intersected copper-silver-zinc mineralisation consistent with a VMS system without ever being assayed for gold. Arrow has also struck a deal with Leeuwin Metals (ASX: LM1) over the adjoining, base-metal-prospective tenement. Heritage survey work with the native title group is underway ahead of planned drilling later this year. A Pilbara iron ore punt right next to a $75 million benchmarkArrow's new Barbecue Valley project sits roughly 15 kilometres from Rio Tinto's Robe River joint venture iron ore operations near Onslow, and channel iron deposit (CID) mineralisation is visible outcropping on the tenement itself. Flanagan points to the Robe River joint venture's 2025 acquisition of CZR Resources' adjoining Robe Mesa project for A$75 million as a read on what comparable ground nearby could be worth, and says the plan is to secure heritage clearance and drill as quickly as possible to test for a direct-shipping-ore style deposit. Niagara bauxite is banking on the Simandou rail lineThe core reason Arrow went to Guinea, Flanagan says, was the newly built Simandou multi-user railway, which has capacity well beyond what the Simandou mines it primarily serves will use. Arrow has an MOU with Baosteel, the resources arm of China's Baowu Steel Group and a key financier of the broader Simandou project, over access and offtake. Arrow finished a scoping study on