The Hole Truth: Mining Investment Podcast

Leeuwin's Plan to be The Next WA Brownfields Gold Exploration Success – Christopher Piggot (ASX: LM1)

Leeuwin Metals (ASX: LM1) are out to join those who believe that one man's trash can be another man's treasure in the WA gold exploration game.
Managing Director Chris Piggot is a Geologist with extensive background in gold and nickel exploration with a track record of discovery and corporate development.
​
Recent roles included Senior Geologist at Bellevue Gold Ltd (ASX.BGL) where he was involved in the discoveries of Tribune, Viago & Deacon, that have defined +3Moz.
He was also a part of the team that defined the Nova-Bollinger high grade Nickel deposit which is now owned and operated by IGO Ltd (ASX.IGO).
 
 
 
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&si=iOcGscff7kMSw8c7
Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/
Instagram: https://www.instagram.com/theholetruthpodcast/ 
Company Website: https://www.leeuwinmetals.com
 
INSIGHTS FROM THE EPISODE
Leeuwin Metals accelerates Marda Gold Project explorationSince acquiring the Marda Gold Project from Ramelius Resources just four months ago, Leeuwin Metals (ASX: LM1) has completed two drilling programs totalling 5,000m, extensive mapping, and new target generation across the Southern Cross Greenstone Belt in Western Australia.
Strong brownfields results confirm growth potentialDrilling beneath existing pits at Marda has intersected significant gold zones, including 20m+ at 1–1.5g/t Au, 8m at ~3g/t Au, and 5m at 5g/t Au, demonstrating continuity at depth and substantial scope for resource growth.
High-grade opportunity at Evanston ProspectLeeuwin is preparing to drill the Evanston Prospect—a shallow, high-grade gold system last drilled over 20 years ago—where rock chip samples have returned assays up to 28g/t Au in quartz veins, with visible gold observed on site.
Dual growth strategy across 500km² of tenureWith over 500km² of granted tenure, Leeuwin is pursuing a two-pronged approach: expanding known mineralisation around historical pits and advancing underexplored greenfields targets with potential for repeat high-grade discoveries.
Resource estimate expected by year-endAn updated Mineral Resource Estimate for Marda—incorporating historic drilling and recent Leeuwin results—is on track for release by the end of 2025, a milestone that could significantly re-rate the company’s ~$15M market capitalisation.

Arika Spins its Wheels at F1 Prospect - Justin Barton (ASX: ARI)

Arika Resource (ASX: ARI) has just put out some cracking results from its Yundamindra project in WA’s easter goldfields. The company plans to keep the drill rig turning for many months as it tests any number of compelling targets across the project.
Managing Director Justin Barton is a Chartered Accountant with over 20 years experience in accounting, international finance, M&A and the mining industry. He worked for over 13 years in the Big 4 Accounting firms in Australia and Europe and advised many of the worlds largest mining, oil & gas companies and financial institutions, including Rio Tinto, Chevron, Macquarie, Merrill Lynch, Morgan Stanley and Deutche Bank. Justin also worked for 4 years at Paladin Energy Limited as Group Tax and Finance Manager and advised on their plant construction and mining operations in Africa and their expansion into Canada. More recently, he has worked as the CFO and been a Board Member of a number of junior exploration companies. Mr Barton is currently a Board member of Eneabba Gas Limited and Interposed Holdings Limited.
 
-------
 
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&si=iOcGscff7kMSw8c7
Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/
Instagram: https://www.instagram.com/theholetruthpodcast/ 
Company Website: https://www.arika.com.au
-------
INSIGHTS FROM THE EPISODE
Cracking Early Results at F1 Prospect in Yundamindra
Arika Resources has reported 4m @ 40g/t Au from the first holes drilled at the F1 Prospect, part of the company’s 10,000m campaign at the Yundamindra Gold Project near Laverton, WA.
'Yellow Brick Road' Corridor Hosts Multiple High-Grade Targets
The F1 Prospect sits within the‘Yellow Brick Road’, a 16km structural corridor with more than 10km of historical gold workings on multiple parallel structures—indicating scale and prospectivity across the project.
Follow-Up at Landed at Last and Pennyweight Point
Prior intercepts include 14m @ 3g/t Au at Landed at Last and 35m @ 2.5g/t Au at Pennyweight Point, with current drilling expanding on these zones to locate the project’s centre of gravity.
Over 50 High-Priority Targets Identified
Arika has mapped 50+ high-priority targets across Yundamindra using drone magnetics, soil sampling, and fieldwork—many of which remain completely untested by modern exploration.
Bonaparte and Syncline Prospects Next in Line
After F1, drilling moved to Bonaparte, followed by the nose of the Yundamindra Syncline, where historical dryblowing and anomalous rock chips hint at further gold-bearing structures beneath shallow cover.

Thunderbird (ASX:TBH) - One of The Most Leverage Explorers on The ASX | George Ventouras

Thunderbird Resources (ASX: THB) offers huge leverage to gold and antimony in Australia, with a market cap of just $4 million and drilling programmes being planned.
Executive Chairman George Ventouras, has over 15 years’ experience in the resources sector and over 30 years’ experience in business development, corporate restructuring and marketing. He has managed multiple businesses in various industries and has served as a Non-Executive and Executive Director on various ASX listed Companies and has led IPO teams.
Previously, he was joint-founder, non-executive director and General Manager of Apollo Consolidated Ltd, an ASX listed exploration company which was the subject of a successful $180 million takeover.
 
-----
 
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&si=iOcGscff7kMSw8c7
Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/
Instagram: https://www.instagram.com/theholetruthpodcast/ 

Sipa No Sleeper As Drilling Gets Underway In South Australia - Andrew Muir (ASX: SRI)

Sipa Resources (ASX: SRI) has started drilling at its new South Australian gold projects. The projects already host known mineralisation and are located close to other well established big deposits. The company is poised for strong news flow as it moves the rigs from one area to the next.
Managing Director Andrew Muir, is a highly regarded mining executive with approximately 30 years’ experience in the mining and finance industries, originally graduating as a geologist in 1993. Andrew has a strong background in gold exploration and geology, coupled with deep project evaluation and corporate experience. Previously, he held the role of Managing Director at NTM Gold Ltd (ASX: NTM) where he was responsible for significant exploration success prior to the takeover of NTM by Dacian Gold Limited, and most recently at Caprice Resources Limited.
Mr Muir is an experienced geologist with time spent across both exploration and mining operations. He was instrumental in the discovery of the multi-million-ounce Wallaby deposit while at the Granny Smith operations, and has previously worked with Great Central Gold Mines, Placer Dome and Goldfields Limited.
Along with his successful career in mining and exploration, Mr Muir also has extensive experience in equity capital markets including at Argonaut, where he was an Associate Director with Argonaut’s Corporate team. He was also a resource analyst for JP Morgan, Hartleys and PCF Capital. As an analyst at Hartleys, Mr Muir won the 2009 Starmine/AFR Stockpicker of the year award.
----
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&si=iOcGscff7kMSw8c7
Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/
 
INSIGHTS FROM THE EPISODE
Drilling Begins at Sipa’s High-Potential South Australian Gold Projects
Sipa Resources has kicked off drilling at Nuckulla Hill, targeting historic gold prospects with significant past intercepts and no exploration in nearly 30 years.
Strategic Location Near Tunkillia and Challenger Gold Deposits
The projects sit on the same shear zone as Barton Gold’s 1.5Moz Tunkillia deposit, offering strong geological continuity and exploration upside.
Crown Project Near Kalgoorlie Offers Quick Path to Monetisation
Located just 40km from the Lakewood Mill, the Crown Project in WA allows for potential toll treatment or gold sales without needing a major standalone discovery.
Experienced Leadership Team Aligned with Shareholders
With a board including Stephen Biggins (Core Lithium founder) and MD Andrew Muir, Sipa blends geology, corporate finance, and commercial strategy.
Low-Cap Gold Explorer with High Leverage to Discovery
With a sub-$10 million market cap and active drilling underway, Sipa offers significant leverage to exploration success in Tier-1 jurisdictions.
 

Firetail Joins the US Trail – Glenn Poole (ASX: FTL)

Firetail Resources (ASX: FTL) has just secured two outstanding gold projects in the US. It's another example of ASX companies unlocking the value of dormant North American projects. Some of the drilling results are absolutely spectacular and would win huge support if they were in Australia. Firetail plans to follow a well-worn path by applying its experienced people and capital to these projects to unlock their full value.
 
Firetail Resources Managing Director Glenn Poole is a geologist with a proven track record in revitalising mineral assets for ASX-listed companies. He has held senior roles at Greenstone Resources, Firefly Resources, Northern Star and Superior Gold. Glenn holds a BSc in Geology from the University of Otago and an MBA from La Trobe University.
----
 
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&si=iOcGscff7kMSw8c7
Website: https://theholetruth.podbean.com
----
INSIGHTS FROM THE EPISODE
Firetail Resources secures high-grade gold projects in Nevada and South Dakota— both with strong historical data and underappreciated potential due to limited market support in North America.
 
Excelsior Project in Nevadadelivers standout drill results (e.g. 33m @ 5g/t, 50m @ 4g/t) with shallow mineralisation and potential for rapid JORC resource definition by year-end.
 
Bella Project in South Dakotalies along the same trend as the world-class Homestake deposit (42Moz @ 8.5g/t), with early signs of significant gold mineralisation across multiple high-grade trends.
 
Firetail’s technical leadershipincludes veterans from Northern Star, Bellevue, and Spartan — bringing a proven track record in brownfields gold exploration and rapid project advancement.
 
Strategic pivot to North Americareflects a broader ASX trend of junior explorers capitalising on undervalued gold and copper assets across the US and Canada.

Ausgold on Countdown to Production – John Dorward (ASX: AUC)

Ausgold (ASX: AUC) has just tabled the DFS on its Katanning Gold Project in WA. The study shows the project will generate very strong financial returns and the resource has strong scope to continue growing the inventory and mine life.
John Dorward has over 25 years of experience in the mining and finance industries. Mr Dorward was the CEO of TSX-listed gold producer Roxgold Inc. from 2012 to 2021, where he led the construction of the Yaramoko Gold Mine in Burkina Faso from maiden resource through to production, before Roxgold was acquired by Fortuna Silver Mines Inc. in 2021 for US$884 million.
Mr Dorward’s earlier roles include Vice President of Business Development at Fronteer Gold, a TSX and AMEX-listed mining company with gold and uranium projects in USA, Canada and Turkey, where he was instrumental in negotiating its acquisition by Newmont Mining Corporation for $2.3 billion in 2011.
Mr Dorward also previously served as CFO of ASX and TSX-listed gold company Mineral Deposits Limited and ASX-listed gold producer Leviathan Resources Limited, and was a senior executive with ASX-listed gold and nickel producer MPI Mines Limited.
He is currently a non-executive director Surge Copper Corporation and Taura Gold.
 
----
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&si=iOcGscff7kMSw8c7
Website: https://theholetruth.podbean.com

Andean Silver on the March in Chile - Tim Laneyrie (ASX:ASL)

Silver is hot and Andean Silver (ASX: ASL) is one of the few ASX listed companies offering substantial exposure to the metal. The company already has a sizable resource and drilling results show that it is poised for substantial growth. This is against a backdrop of extensive M&A action in the silver space and more-and-more of the North American institutions are coming on the Andean register.
 
Tim Laneyrie, Chief executive Officer at Andean Silver is a geologist with 19 years’ industry experience. His most recent position was in business development at Northern Star (ASX:NSE), where he conducted evaluations on potential project acquisitions and asset divestments, notably the Saracen/Northern Star merger and Super Pit acquisition. He has also held senior positions with Saracen Minerals.
 
----
 
INSIGHTS FROM THE EPISODE:
Significant Resource Growth and Drilling SuccessSince acquiring the Cerro Bayo project 18 months ago, Andean has grown its silver equivalent resource by 340%, reaching 111Moz. Ongoing drilling, including brownfields and new vein discoveries, points to substantial upside and continuous growth potential.
 
North American Interest and M&A PotentialThere's growing corporate interest from North American silver companies looking to acquire permitted assets with infrastructure. Andean is on their radar, with major institutions increasingly taking positions on the register and building internal valuation models.
 
Undervalued Relative to Global PeersAndean believes its current market cap (~A$165M) significantly undervalues the resource. Applying average North American deal metrics (~US$1.50–$14/oz), the project could justify a valuation of ~$340M+, especially considering its existing mill and permits.
 
Silver and Gold Combo Driving AppealThe project contains both silver (47Moz) and gold (nearly 800koz), making it a highly attractive dual-commodity asset at a time when both metals are performing strongly. Analysts have set target prices near $3/share, nearly triple the current share price.
----
RESOURCES
LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast
YouTube: https://youtube.com/playlist?list=PLI4sZkSfEpPi_u7OrD7lQ-tZHbdy6EhCC&si=iOcGscff7kMSw8c7
Website: https://theholetruth.podbean.com
 
----
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. 

Sun Silver Riding the Silver Wave in Nevada - Andrew Dornan (ASX: SS1)

Sun Silver (ASX: SS1) positions itself as the most leveraged silver stock on the ASX. The company’s Maverick Springs Project already has a very big resource with scope to continue growing while upgrading the inferred resource to indicated status, carrying out metallurgical studies and preparing for a scoping study.
----
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&si=iOcGscff7kMSw8c7
Website: https://theholetruth.podbean.com
NOTABLE INSIGHTS
1. Sun Silver is the most leveraged silver play on the ASX
Sun Silver owns the largest primary pre-production silver asset in the US, Maverick Springs, with a resource of 480Moz at 68.29g/t.
Despite this, the company trades at just $0.16 per in-ground ounce, compared to ~$1 on the ASX and ~$2 on North American exchanges — highlighting a significant valuation gap and investment opportunity.
2. Silver demand is booming — and supply can’t keep up
The silver market is in supply deficit, driven by increased demand from solar panels, AI data centres, and solid-state batteries (which could alone require up to 150Moz/year by 2030).
Silver’s dual role — as an industrial metal and monetary hedge — is gaining traction, with growing recognition of its critical role in green energy and economic uncertainty.
3. Parallel workstreams are accelerating project value
Sun Silver is advancing infill drilling, metallurgical testing, and resource expansion simultaneously.
A second near-surface resource is expected soon, enabling possible early revenue and reducing pre-production capital costs.
A scoping study is targeted for Q2 2026, assessing multiple processing routes to maximise recovery and value.
4. The ASX still undervalues silver — but that may change fast
Australian investors are still warming up to silver, much like they were with lithium a decade ago.
Dornan believes silver will eventually be classified as a critical mineral, and as awareness grows, capital will follow the opportunity, especially with a supportive silver price environment and growing M&A activity in the sector.

In Like Flynn in Tasmania: Neil Marston – Flynn Gold (ASX: FG1)

Flynn Gold (ASX: FG1) has recently unveiled some highly promising results at the Grenadier Prospect which sits within the Golden Ridge Project in Tasmania. The results suggest it could be on to a significant discovery. The company has a market cap of just $12 million and many followers believe the area is an extension of the rich goldfields which hosts the $1.5 billion Southern Cross discovery.
----
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. 
 
 

David Southam - Cygnus Metals: A fresh copper-gold opportunity for investors (ASX: CY5)

The hunt is on for copper stocks which have not already run hard. Those with some gold, a resource and a proven management team are particularly sought after. In this episode, we speak to one such company which appears to tick all the boxes investors are now looking for.
----
Produced by Resource Media
----
The Hole Truth 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.