Member Info for OAPK20

CONFIRMATION TRIGGER:

Second hold above 2.25, then break and hold above 2.42–2.50 with volume

Nm

Market reclaims 2.25 intraday but fails to convert first clear into confirmed structural breakout

DISCONFIRMATION SIGNAL:

- Failure to hold above 2.25 next session

- Heavy prints around 2.30–2.40 with no further lift

- Fast rejection back into prior stall range

CRITICAL CHALLENGE:

If this was true expansion → price should now build above 2.25 and push 2.42–2.50 quickly

BASE CASE (65%)

Accumulation / breakout attempt continuing

COUNTER-CASE (35%)

Distribution into strength / failed first-clear

CONFIRMATION TRIGGER:

Second hold above 2.25, then break and hold above 2.42–2.50 with volume

INVALIDATION TRIGGER:

Loss of 2.25 with size OR repeated heavy selling at 2.30–2.40 without progress

Not chart TA Jimzi. Live real time tape reads.

From the 7th

Session: High-volume reversal + expansion attempt

- Key: 372k sell at 1.75 absorbed → price reverses → trades 2.20 → closes 2.00

INITIAL CONCLUSION:

Institutional accumulation active → sellers absorbed aggressively → first expansion attempt underway

Last nights UT 1 trade has created a false rise this morning. Zero bites as at 08:28.

Tape read.

Despite recent accumulation and recent expansion attempt 2.25 has yet to be broken.

OVERHANG STILL CONTROLS PRICE: Overhang: 2.25 - Overhang dominance remains intact. If it was true accumulation price should hold near highs not fade into close.

Confirmation trigger - Break and hold above 2.05-2.10 and push into 2.25 overhang.

Invalidation trigger - Loss of 1.80 OR repeated heavy selling near 2.00 without upside continuation.

Previous post was accurate. Tape read was accurate. Pumpers will scream otherwise. CEO still silent on what was and wasn't sent to the lab. "February Assays expected" was the pre placing messaging. What Assays? Where are the results, good or bad? Were the samples actually sent to the lab or delayed?

"BEAR CONTINUATION (PRIMARY RISK) ❌ Break 1.80

→ Then 1.70 fails

→ Then continuation lower

This would confirm: FULL DISTRIBUTION

BULL TRAP ENVIRONMENT Unless reclaims 2.25 and Holds above it."

THE STRUCTURE (who owns what, and why this matters)

Corporate & JV structure

• Ascent Resources Plc (AST) – listed parent

• Ascent Slovenia Ltd (ASL) – 100% owned

• Ascent Malta – holds 75% JV interest in Petišovci

• Geoenergo – 25% JV partner, concession holder (now insolvent)

JV economics (per JOA, confirmed by tribunal)

• Ascent funded 100% of costs

• Entitled to:

• 90% of production revenues until cost recovery

• 75% thereafter

This is why historic production cashflows are so material in the domestic arbitration.

DOMESTIC ARBITRATION & GEOENERGO INSOLVENCY

What ASL is legally owed (confirmed)

Production revenues (binding tribunal award)

• €2.89m – already accepted by administrator

• €4.99m – final arbitration award (July 2025)

• Total: ~€7.88m

Plant & movable property

• Conditional claim: €3.04m

• Subject to handover memo (company stated intent to complete)

Ancillary claims & costs

• Abandonment-related funds: ~€0.11m

• Arbitration costs:

• €79k creditor claim

• €56.8k cash payable immediately

Total gross domestic claims

≈ €11.2m

What is realistically recoverable?

Critical facts (from RNS):

• Cash in estate (Sept 2024): €1.66m

• Production ongoing

• ASL = ~82% of recognised creditors

Realistic recovery range:

• Low: €3–4m

• Mid: €5–6m

• High: €7–8m

On a fully diluted basis: 0.3p to 0.6p per share

ECT / ICSID CLAIM

• €656.5m damages claim

• Based on:

• Expropriation of 75% economic interest

• Lost future value, production, reserves

• Filed by:

• Ascent Resources Plc

• Ascent Slovenia Ltd

This is not revenue owed

This is damages for state action

ECT outcome scenarios

ICSID / ECT reality:

• Headline claims are anchors, not expectations

Sensitivity (gross → net)

% of claim| Gross € | Likely net to AST

5% | 33m | ~15–25m

10% | 65m |. ~40–60m

15% |. 98m |. ~70–85m

20% |. 131m |. ~100–110m

ECT outcome scenarios

Net ECT € Pence/share

€20m ~1.8–2.0p

€40m ~3.5–4.0p

€60m ~5.5–6.0p

€100m ~9–10p

Add domestic recovery:

• +0.3–0.5p

42.14% insider-controlled

CEO is silent about what, if anything, has actually been sent to the Lab. Used the “February assays expected” line to get the funding away.

1.51 prints: 2,250,000 +750,000 = 3,000,000 shares

~1.8M additional sells around 1.80

Large print volume 5,148,640

✔ Inventory Transfer

❌ Price dropped massively (2.23 → 1.51)

✔ Heavy block selling

✔ Weak structural control

1.51 → 2.05 looks strong. But structurally:

✔ That is a rebound

❌ Not accumulation

Why? because:

✔ No absorption at lows (clean hold)

✔ Violent move first

✔ Then recovery (likely short covering / opportunistic buying)

OVERHANG STILL CONTROLS PRICE: Overhang: 2.25

Close: 2.05

Friday : ✔ Touched 2.23 ❌ Failed again MULTIPLE REJECTIONS CONFIRMED.

Overhang dominance remains intact.

BEAR CONTINUATION (PRIMARY RISK) ❌ Break 1.80

→ Then 1.70 fails

→ Then continuation lower

This would confirm: FULL DISTRIBUTION

BULL TRAP ENVIRONMENT Unless reclaims 2.25 and Holds above it.

Domestic Slovenia Claim - Against: Geoenergo (insolvency estate)

AST already awarded approx €7.8M plus interest.

This is legally awarded, but not yet recovered and depends on the insolvency process.

Should’ve checked the other site first 😂

RNS

Ascent Resources Plc (LON: AST), the onshore US focused oil and gas company, is pleased to provide a short update on the Company's Energy Charter Treaty claim against the Republic of Slovenia. The Company has been advised by the International Centre for Settlement of Investment Disputes ("ICSID") that the arbitration tribunal have prepared a draft of an award, however due to the complexity of the matter this award is not yet final. The Company is advised that it expects to hear an update on the timing for the issuance of the award on or around 30 April 2026. Further updates will be announced as necessary.

Remember the “within 250 days” is a preference not a deadline. The window for a claim this size could be 240-270 days based on previous rulings.

ICSID timelines of 240–270 days is typical guidance.

NOT a fixed deadline. NOT legally binding

From real ICSID / arbitration behaviour, rulings often come, slightly early, on time or weeks late.

Any company with a CEO who announces a placing at 16:38 on a Friday is not interested in PI holders. If you’re not inside your not in.

Strategic Rationale & Investment Thesis

• Strategic entry into a known lithium-potassium basin in the USA. Utah is a stable and supportive jurisdiction for mining investment.

• Leverages existing well infrastructure and sub-surface data to accelerate exploration and lower the cost of rapidly advancing technical evaluation.

• Direct lithium extraction (DLE) validated on Paradox brines*, enabling processing of lower-grade lithium brines through selective recovery.

• NMT has deep lithium brine processing expertise built through its 70% owned patented ELi Process, having the potential to deliver lower-costs from purification and electrolysis of lithium chloride recovered from DLE.

• Tenure serviced by existing HV powerlines with industrial power tariffs of 2.7- 6 US c/kWh (Rocky Mountain Power – Electric Service Schedule No.8 July 2025) and the Lisbon Natural Gas Plant majority owned by AHL.

• Aligns with the US critical minerals strategy, with potential eligibility for

FAST-41 coordinated federal permitting and access to selected federal funding programs (including DOE Clean Energy Financing Program, DOD Defence Production Act, USDA Fertilizer Production Expansion Program).

Interesting project

https://www.neometals.com.au/investors-media/asx-announcements/

You could always check Neometals Ltd (ASX:Announcements) if you want.

13/01/2026

Well Access Option Extension

Neometals Ltd (“Neometals” or “the Company”) advises that, further to its announcement dated

26 November 2025 regarding the exclusivity and option agreement (“Option Agreement”) entered

with US partner Omaha Value, Inc (“Omaha”) regarding access and use rights to inactive oil and

gas wells, leases and geological data in Utah held by American Helium LLC (“AHL”) and Ascent

Resources plc (“Ascent”), the parties have agreed to extend the current exclusivity period by a

further 60 days.

In consideration for the extension, Neometals’ wholly owned subsidiary, Neometals Energy Pty

Ltd (“Neometals Energy”) and Omaha will pay a US$50,000 Option Extension Fee (“Extension

Fee”), to be set off against future payments due upon Option exercise. The Extension Fee will be

paid within a prescribed number of days following receipt of countersigned confirmation of the

extension from AHL and Ascent.

All other terms and conditions of the Option Agreement remain unchanged.

The variation reflects the parties’ mutual commitment to progressing due diligence and

commercialisation opportunities in the Paradox Basin. The Company will update the market as

further material developments occur.

Authorised on behalf of Neometals by Christopher Reed, Managing Director.

Thankfully other sites keep up to date

18 March 2026

Critical Mineral Resources Plc

2026 Work Programme and Drilling Update

Critical Mineral Resources plc (“CMR”, or the “Company”) is pleased to provide an update on drilling activities at the Agadir Melloul copper silver project and outline the 2026 work programme and key development milestones.

Two diamond drill rigs are currently operating on site, and drilling activity has accelerated following the replacement of a contractor rig which had experienced mechanical issues. Drilling rates are now exceeding 50 metres per day across the two rigs.

Core samples from both Zone 1 and Zone 2 continue to display visible sulphide mineralisation. Initial samples from the current drilling programme will be submitted for laboratory analysis shortly, with first assay results expected in mid to late April 2026. Subject to laboratory turnaround times, the Company intends to provide drilling updates approximately every four weeks thereafter.

Drilling progress

A total of 720m of core drilling was completed in February, reflecting a combination of adverse weather conditions and contractor rig breakdowns. These issues have now been addressed, with a replacement contractor diamond rig now on site while the Company’s diamond rig is operating at near full capacity.

With both rigs now operating effectively, the Company expects to drill close to 1,000 metres in March and intends to increase this rate to 1,200 metres per month in the coming months. The drilling programme is being actively managed as the geological model evolves, enabling work to focus on the most prospective zones identified to date.

Highlights

Two diamond rigs are currently in operation.

Copper sulphide mineralisation observable in core.

Drill programme being actively refined as the geological model evolves.

CMR’s diamond drill is performing extremely well, and the contractor rig has been upgraded.

2026 development timeline

Milestone

Target Timing

Metallurgical test work programme (laboratory and pilot plant)

May – Jun 2026

Process flowsheet development and preliminary plant design

By Jul 2026

Geotechnical studies

By Jul 2026

Processing plant Environmental Impact Assessment submitted

By Aug 2026

Maiden JORC Mineral Resource Estimate

Sept 2026

Mine planning and production scheduling studies

Oct – Nov 2026

Definitive Feasibility Study completion

Target Dec - 2026

Processing plant EIA approval

Target Dec - 2026

Drilling update

Diamond core is now being produced on a daily basis, and copper mineralisation in both sulphides and oxides is observable in core. Figure 1 below shows copper oxide and sulphide mineralisation from Zone 1. There will be a short operational pause this week for Eid al-Fitr, after which drilling will continue at approximately 50m per day.

“Withholding poor assay results until they can be diluted with better assay results would be a bit naughty.”

Not even submitting them yet would be worse though……

Withholding poor assay results until they can be diluted with better assay results would be a bit naughty.

February been and gone.

11 March 2026

Ascent Resources plc

("Ascent" or the "Company")

Update on Slovenia Disputes

Ascent Resources Plc (LON: AST), the onshore US focused oil and gas company, is pleased to provide a short update on the Company's legacy Slovenian claims, where recent developments continue to reinforce Ascent Slovenia Limited's (ASL) position ahead of expected near‑term decisions.

Domestic Disputes

The Slovenian court has fully rejected Geoenergo's challenge to the jurisdiction of the domestic Arbitration Tribunal which found in ASL's (a wholly owned subsidiary of the Company) favour in relation to ASL's claim for approximately €7.8 million in unpaid hydrocarbon production proceeds plus late interest, as announced on 3 July 2025. The court also noted that no other creditor contests ASL's claim in the Geoenergo insolvency estate. Further court decisions are expected in the coming weeks/months (first in relation to Ascent's court filing for recognition of the arbitral award, and second on Geoenergo's lawsuit for the invalidation of the arbitral award). Recovery remains subject to the conclusion of the administration process.

Also as announced on 30 October 2025, ASL continues to defend claims brought by Petrol Geo d.o.o. against the Joint Venture and remains engaged in seeking an amicable resolution of both parties' respective claims.

Energy Charter Treaty Dispute

The Company is aware of no delays to the ICSID process and continues to expect the Tribunal's award on the merits this month. A further update will be provided in due course.