In this episode of The Hole Truth, Bellavista Resources Managing Director Glenn Jardine outlines the investment case for the Pickle Crow Gold Project in Ontario, Canada.

With 2.8 million ounces in current resources and 1.5 million ounces historically produced, Pickle Crow is already a large-scale gold system. Glenn discusses why the next phase of value creation lies in near-mine resource extensions, underexplored regional targets, and the application of modern exploration techniques across a historically rich gold belt.

The conversation also covers Bellavista’s A$35 million funding position, strong institutional backing, and how the company is positioning itself for resource growth and value accretion in one of Canada’s most prolific gold districts.

Glenn Jardine is a mining executive with experience across gold exploration, project acquisition, and capital markets. He is the Managing Director of Bellavista Resources, where he is leading the acquisition and advancement of the Pickle Crow Gold Project in Ontario, Canada, with a focus on resource growth, near-mine extensions, and regional exploration upside.

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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.

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Company Website: https://bellavistaresources.com.au/

Established Gold Asset with Significant Scale

The Pickle Crow Gold Project already hosts a 2.8Moz gold resource, with a further 1.5Moz historically produced between 1935 and 1966 at grades of approximately 0.5oz/t. This places the project’s combined gold endowment above 4Moz, providing a strong platform for future resource growth.

Near-Mine Extensions Offer Immediate Upside

Initial drilling is expected to focus on areas close to existing workings, targeting resource extensions and potential new discoveries. This strategy allows Bellavista to pursue relatively low-risk growth while building momentum early in the exploration program.

Underexplored Regional Potential

Large portions of the broader landholding remain lightly drilled, despite sitting within a highly mineralised gold belt. Modern aeromagnetic and LIDAR surveys completed in 2023 represent the first systematic application of contemporary exploration tools, highlighting early-stage but material discovery potential.

Well-Capitalised Exploration Strategy

Bellavista completed a two-stage capital raise totalling approximately A$35 million as part of the acquisition, exceeding its original funding target. Strong institutional support provides the balance sheet capacity to fund both near-mine drilling and later-stage regional exploration.

Strategic Positioning in a Prolific Gold Belt

The project is located within a gold belt that has produced or hosts more than 40Moz of gold, reinforcing its geological credentials. Relative to peers, the company offers leverage to exploration success and potential valuation uplift as drilling results and resource growth are delivered.

Trek Metals could be on the cusp of a world-class manganese discovery in WA's

Kimberley region. Extremely high-grade manganese has already been outlined

over 750 metres, and geophysics suggests it could be much, much bigger than

that.

The company is working through an exploration program that will culminate in

a drilling program in the next three months.

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.

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&si=iOcGscff7kMSw8c7 The Hole Truth Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ The Hole Truth Instagram: https://www.instagram.com/theholetruthpodcast/ Company Website: https://trekmetals.com.au

Peninsula Energy has overcome its challenges at the Lance Uranium Project in the US and is now generating solid results, as shown by the share price. MD George Bauk has been in the job for a year and has delivered some excellent results, with more to come.

George Bauk is the Managing Director and Chief Executive Officer of Peninsula Energy. He is an experienced resources executive with a background in mine development, operations, and corporate leadership across the energy and mining sectors. Since taking the helm at Peninsula Energy, George has overseen a strategic and operational turnaround at the Lance Uranium Project, focusing on execution discipline, cost control, and alignment with improving uranium market fundamentals.

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.

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&si=iOcGscff7kMSw8c7 The Hole Truth Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ The Hole Truth Instagram: https://www.instagram.com/theholetruthpodcast/ Company Website: https://www.pel.net.au/

Operational Reset at Lance Delivers Results Peninsula Energy has worked through technical and operational challenges at the Lance Uranium Project, enabling more consistent performance. The reset has restored confidence in the asset’s ability to contribute meaningfully as market conditions improve.

Leadership Stability Driving Execution George Bauk’s first year as Managing Director has focused on execution discipline and accountability. This leadership stability has been critical in rebuilding market confidence and delivering measurable progress.

Uranium Market Tailwinds Strengthen the Investment Case Rising uranium prices and renewed long-term contracting activity are improving project economics across the sector. Peninsula Energy is leveraged to these tailwinds as utilities seek secure supply from established jurisdictions.

US-Based Production Offers Strategic Advantage The Lance project’s location in the United States provides geopolitical and supply-chain advantages. This positioning is increasingly relevant as Western utilities prioritise domestic and allied sources of uranium.

Share Price Reflects Improving Fundamentals Recent share price performance signals growing investor recognition of Peninsula Energy’s turnaround. As operational delivery continues and uranium demand strengthens, further re-rating potential remains.

Black Bear Minerals (ASX: BKB) has just acquired a silver project in Texas. It's the highest-grade silver resource on the ASX. The company has an aggressive drilling

program already underway, with assays set to come in the new year. The

exploration program will take place in conjunction with the ongoing work at the

company's gold project in 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

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E-79 has just acquired the Cue Gold Project. This is becoming a very hot region in WA — a project known to host mineralisation and sharing geological features with other big deposits nearby.

Ned Summerhayes – Chief Executive Officer, E79 Gold Mines Ned Summerhayes is the CEO of E79 Gold Mines, an Australian exploration company focused on high-potential gold and critical-metal projects. Ned is a geologist with extensive experience across Western Australia and the Northern Territory, specialising in structurally hosted gold systems and early-stage project development. He is leading E79’s exploration strategy across its Cue Gold Project in WA and its bismuth-copper-gold project in the Northern Territory.

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.

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&si=iOcGscff7kMSw8c7 The Hole Truth Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ The Hole Truth Instagram: https://www.instagram.com/theholetruthpodcast/ Company Website: https://www.e79gold.com.au

The newly acquired Cue Gold Project sits between major operators Westgold and Ramelius, providing E79 with a prime address in a region experiencing renewed exploration success. The area is already known to host gold, reducing geological risk and offering potential access to existing processing infrastructure.

Historic drilling averaged only 42m in depth, with just 2% of holes drilled deeper than 100m — despite nearby deposits demonstrating high-grade mineralisation at depth. Intercepts such as 13m at 2.2g/t ending in mineralisation highlight the possibility of deeper, higher-grade systems yet to be tested.

E79 controls the southern extension of the Great Fingall Dolerite and titanium-rich basalts analogous to Break of Day — both highly fertile gold hosts. Gravity surveys will help identify cross-cutting structures now understood to control mineralisation in the district, sharpening the drill-targeting strategy.

With approximately $4.5 million in cash and an enterprise value of roughly $1 million, E79 is well funded to execute its exploration plans. Upcoming work includes detailed gravity surveying, broad aircore drilling, and targeted RC drilling across multiple prospects.

E79’s Northern Territory project adds diversification, with rock chips returning up to 9% bismuth alongside copper and gold. Seasonal constraints mean drilling will resume after the wet season, allowing the company to focus on Cue in the interim while maintaining exposure to emerging critical-metal markets.

AusQuest (ASX: AQD) believes it has a major porphyry discovery on its hands in Peru. It’s already returned some fascinating drilling results with mineralisation intersected over huge widths. Managing Director Graeme Drew believes it’s yet to find the “eye” of the porphyry system and that’s what the current drilling programme is about. If he’s correct, the company’s market cap of A$56 million could do just about anything.

Guest Bio Graeme Drew is the Managing Director of AusQuest Limited. Mr Drew has over 40 years’ experience in the exploration industry in Australia and overseas. Prior to co-founding Ausquest Limited, he was an Exploration Manager for CRAE and Rio Tinto Exploration Pty Ltd in Western Australia and Eastern Australia. He has extensive experience in the search for, and evaluation of, base and precious metals including nickel, copper, gold, uranium, zinc and diamonds.

Credits 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&si=iOcGscff7kMSw8c7 The Hole Truth Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ The Hole Truth Instagram: https://www.instagram.com/theholetruthpodcast/ Company Website: https://www.ausquest.com.au/

Key Insights

1. Scale Emerging at Cangallo – AusQuest’s early drilling has defined a large footprint of near-surface copper-gold mineralisation, with broad intercepts extending hundreds of metres from surface. This supports the interpretation of a significant porphyry system still in its early stages of delineation.

2. Location Provides Material Cost Advantages – Unlike many Andean porphyry deposits situated in remote high-altitude terrain, Cangallo sits near the Peruvian coast at relatively low elevation. This improves logistics, reduces potential infrastructure hurdles and enhances long-term development optionality.

3. Eye of the System Still to Be Found – Geological indicators suggest current drilling is positioned on the edge or upper levels of the porphyry system. The ongoing RC and diamond programs are designed to vector toward the higher-grade core, which could materially change the project’s scale and economics.

4. Early-Stage Drilling Indicates Consistent Mineralisation – Intercepts to date show consistent copper grades across large widths, with oxide mineralisation from surface and sulphides appearing at depth. The presence of tonalite dykes carrying higher grades provides encouragement that the main intrusive centre is nearby.

5. Significant Re-Rating Potential – With a current market capitalisation of A$56 million, AusQuest remains lightly valued relative to the potential scale of a major porphyry discovery. As drilling advances and assays confirm grade trends toward the interpreted core, the company could enter a transformational phase.

Nimy Resources’ (ASX: NIM) maiden gallium resource is one of the highest-grade in the world at more than 100 g/t, and the western world is desperate for non-Chinese gallium supply. Nimy says it can help meet that need. The resource is already significant but Managing Director Luke Hampson tells us there is huge scope for growth. The company is also advancing its copper exploration programmes in WA.

Guest bio: Luke Hampson is Managing Director of Nimy Resources. He brings over 30 years of experience in the mining industry, having led management teams across the Asia-Pacific region. His background includes 19 years at WesTrac Pty Ltd, 3 years at Rio Tinto Iron Ore and 11 years as Managing Director of Cloonmore Mining & Energy.

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&si=iOcGscff7kMSw8c7 The Hole Truth Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/ The Hole Truth Instagram: https://www.instagram.com/theholetruthpodcast/ Company Website: https://nimy.com.au/

Key Insights:

• Exceptional grade for a niche metal Nimy has announced a maiden inferred JORC resource at its Block 3 deposit of 7.23 Mt grading 102 g/t gallium, totalling approximately 740 t contained. This positions it among the highest-grade gallium resources known globally.

• Strong supply-chain positioning Gallium is classified as a critical metal, with global production dominated by China. A high-grade Western-jurisdiction supply source such as Nimy provides strategic diversification for international markets seeking secure supply.

• Significant upside and exploration optionality The maiden resource covers only a small portion of the mineralised footprint. Broader exploration targets suggest potential for substantial growth through further drilling across a 30 km² anomalous zone.

• Synergies with other commodities and projects Beyond gallium, Nimy continues to advance promising copper and base-metal targets within the Mons Project. This reinforces multi-commodity optionality as exploration accelerates.

• Emerging funding and offtake momentum Interest from US and European groups, alongside engagement with critical-minerals partners, positions Nimy to potentially access government-backed funding and secure future offtake pathways.