Member Info for Tungstenman

GMET had a low of 25p this year. Absolutely motoring on tungsten prices and scarce supply.

GMET all time high now at £1.23 and they only at the starting line. Tungsten is the new Gold

Worth noting that GMET is up 6x over the past 12 months. Lots of similarities to SML as we share the same executive director in Mark Burnett. They are involved in Tungsten but have nothing like the grades of SML. Are we about to see a GMET type rise here? Even if the share price increased 6 fold it would only take SML to fair value (Zeus note).

Has the market finally realised SML is the wrong price? 2p fair value ac wording to Zeus and Cornwall valued at 6p

Would appear good support at the 0.4 level. Also resistance at 0.45 - next news might just take us through that resistance level - fingers crossed.

Share price been trading sideways for 10 years now. Previous management has a lot to answer for. I’m confident the new board will restore confidence and credibility making the shares a strong buy once again.

Thanks Prop.

Hopefully next drill results from Cornwall are positive and we start to see some value being reflected in the share price.

Overdue re rate is the understatement when it comes to SML

“Strong Q3 Sales expected”.

Southern Minerals Group

Cobre Magnetite Stockpile, New Mexico, USA

· Continued strong operational performance in H1 2025 despite 10-day shutdown due to wildfires

o Sales volumes: 28,467 tons (H1 2024: 31,327 tons)

· Strong Q3 sales expected to more than offset lost sales during the 10-day shutdown

We should be getting some of those drill results pretty soon. Will that be the catalyst for the re rate? So many positive developments here at SMl. When do we normally get the Q3 results for Cobre?

Apologies

6 months from 23rd April so 23rd Oct is backstop

If you read it properly it’s 6 months from the 23rd April . Backstop is 23rd October -

Recent Chinese tungsten market reports are overwhelmingly bullish, driven by extremely tight supply and surging demand, leading to record-high prices across the supply chain. The bullish sentiment is exacerbated by China's own tightening of export controls in February, which has reduced global supply, and the high demand from both domestic and international military and industrial sectors. Although market volume is currently stagnant due to high prices and supply constraints, there is strong anticipation for continued price growth, with analysts predicting prices could reach unprecedented levels.

Slowly but surely the word about our mine is getting out there.

Another top up for me. Cant see past this share now. We do own the second largest Tungsten grade mine in the WORLD.

Yes - funny that.

Ann idea when first drill results are due?

Let me know when 4p is paid. Cornwall mine is worth 6p as a stand alone asset.

Potential 20 bagger but 10 bags looks nailed on

Exactly prop - results of the drills is absolutely key here. The mind is worth 6p but could be multiples of that subject to drilling results. I’m confident this board will realise big value for holders. Topped up yesterday at 0.39 ish