Member Info for Edgein

Oz,

Agreed, company is clearly confident that they'll find something in the upcoming drilling to warrant this processing agreement. Fingers crossed they'll get continued grades and good widths to support this agreement. If all goes to plan it could be a biggie. Hopefully get that rig on there soon so we can see what's at all these various targets.

Regards,

Ed.

Ihowells,

Yeah its a massive upgrade, was expecting perhaps 3-4 times from Greg's previous comments, not near x15! Multi generational mine life sounds very impressive! Sounds like they'll keep finding the stuff over more of the area outside the IMA. So certainly a game changing RNS today!

Regards,

Ed.

Nice set of cores and the comments about looking exciting stand out too! Can't wait to see more results and assays come from the company!

Regards,

Ed.

Good to see progress being made for the development of the high grade B1 deposit and surrounding area. With the MOU already in place with Austral to bring the copper to market it sure makes NFM a safer bet. With the upcoming US listing and the drilling about to kick off at Hart's Range we should get plenty of action near term too. Nice to see the price in Oz for us sitting at 1.3-1.35p. Market makers here still lagging behind.

Regards,

Ed.

DG,

Exactly, its the conforming direct hydrocarbon indicators from the processed AVO that conforms to each prospect that makes them so high GCOS (70-80%). That combined with their size and in an area prolific for oil gas and condensate. As you say its little surprised that there's an energy major looking in on these. The first three of these drill ready targets has a P50 total of around 1.6Tcf. Will did mention how keen they are to get going asap.

Regards,

Ed.

Interesting find guys, great comments from the minister of industry for the development of mineral projects. That bodes well for us as a front runner on mineral sands. I'd love to see if Greg does pick up additional assets as battery metals were mentioned in the recent presentation. Manganese or graphite would make an interesting addition, as indeed would another mineral sands project. Exciting times for sure, hopefully have a strong move into Christmas.

Regards,

Ed.

Good to see these guys getting approval for the drilling across the multiple targets, will be an interesting few months for sure as the results come in from the 46 holes. REEs are clearly the main event at the moment, but I'll be interested to see their uranium grades too as those grades are also significant for near surface. The US listing is very good strategic move too as they'll be covering the main markets of UK, Oz and US, all they have to do now is find commercial widths! :) Also the company having that copper safety net with Big one and Austral production sharing is a plus too, its not just a pure explorer.

Regards,

Ed.

Good to hear that the company will be represented at the upcoming events this month getting the story out there about how close we are to development. We're still fairly thinly traded at the moment, not many speculators about yet for the reserve upgrade.

Regards,

Ed.

SD,

Interesting find, you never know, could be the one. With Will's recent visit to EG and the JV approaching the final stages it could well be a fit for us. Eyes peeled for one or more news releases, not much left of 2025.

Regards,

Ed.

Sounds like drilling is getting close now. Shouldn't take too long to drill those 46 holes as total m is just 2500, so we're looking at just over 50m per average hole. Fingers crossed we'll get a steady flow of drill results and then assays from these.

Regards,

Ed.

Good to see Mr Jennings grab some more on the cheap. He did well on his holdings in CRCL with his warrant conversions etc. So he'll likely grab a few bags here too, perhaps even more than a few.

Regards,

Ed.

Jung,

Really enjoyed reading that RNS too! 45% of the holes drilled by length showing flourspar! Plus the high grade gallium helps too as do the three new targets identified. Looking forward to this resource upgrade when they eventually get it.

As for the guy who thinks REE has no money he should look at the recent warrants exercise that means REE was not only able to restructure that debt but also pay for the current drilling so fully funded at present.

Regards,

Ed.

Jedster,

You are mistaken, they're currently applying for a mining licence for big one and also have tested a small sample through Austral's copper recovery circuit and had good recoveries. They're working on a production sharing agreement with Austral Resources for Big one processing at the moment.

Regards,

Ed.

When you check out their price per Kg at present most of them are pretty rare! Even the critical metals are highly priced too, check out the price of Gallium! I'm certainly looking forward to the drill results here and to see what the company comes up with in terms of high grade Flourspar and Gallium resource numbers after this drilling. They might even have the odd new discovery to report too. Yes rare earths are going to become rarer if the Chinese don't want to share and the Donald tries to hoover up the rest.

Regards,

Ed.

Marge,

The guidance we have is that the farmout is to be concluded before year end, that can literally mean any day over the next 9 weeks or so. A lot of companies to like to get things wound up before Christmas etc. From the presentation both the major and EOG are keen to get the show on the road, Will certainly wasn't in EG recently to just yank SLB's chain. They are one of the top global well service companies. So that shows his confidence that things are moving ahead and at a pace. The visit to the LNG facility is likely the export route for Barracuda gas if commercial etc. So a lot of the leg work is being done now ahead of JV completion. I'm currently checking in every day from 7am to see if we have that game changing JV RNS to read and what else that may contain. So indeed I'll be checking again on Monday morning to see if its showing.

Regards,

Ed.

Guys hopefully with Will's recent trip to EG we'll get a bundle of news or one mega release on the JV, well planning and service providers and rigs etc. All eyes peeled for sure. Edge of seats now to see who the major energy company is and who is the mysterious Canadian backer for wressle etc.

Regards,

Ed.

Trade,

Good post highlighting how cheap we are currently on Cameroon assets alone. Most here know just how prospective the Walvis basin is for a large oil discovery and Chevron look like they may test that theory in 2026 with a well in PEL82 just to the south of TRP's block. We have Chevron to the south of us and Exxon to the north. If that well comes in it sure will have a knock on effect on all in the Walvis especially on the tiddlers like TRP and GEO.

https://sintanaenergy.com/wp-content/uploads/2025/08/sei_corp_presentation_q3_2025.pdf (Pages 15-16)

Regards,

Ed.

Track,

It really would be a great bonus if we get some movement there for sure. Will did say there was some recent interest in Ireland again and Vermillion would be the obvious choice with the tie in to Corrib. Kosmos had the Jubilee field to develop when they pulled out of Ireland last time and would be very familar with the assets. So you never know. To move ahead on EG and Ireland at the same time would be insane upside. I still count Ireland as the outsider and a bonus but you never know. All eyes currently on EG farmout though.

Regards,

Ed.

Flombo,

When I think of European majors I think Shell, Total, Eni or Repsol. Vermillion would certainly fit into the large international producer, but capped at around $1.5bn I wouldn't class it as a major, likewise Kosmos Energy would be a great partner for either EG or Ireland but they also fit into very large company status. For the energy majors imo most likely for EG would be Marathon/ConocoPhillips or Chevron. But lets see, we'll find out soon I guess.

Regards,

Ed.

Serif,

Interesting link, not only comment from the Marathon/ConocoPhillips guy but also 2h ago there was a comment from EG Shorebase Coordinator at Kosmos Energy. For those not familiar or new to EOG, Kosmos was previously partnered with EOG for Ireland. So very interesting to see these guys as well as Vermillion making comments. Would be amazing if Ireland came back into play again too as well as the main event in EG. Also Will is on the hunt for more assets too so fortunes could change here remarkably quickly. It sure is heating up currently.

Regards,

Ed.