This week on the Cygnet Capital Podcast, we examine the growing importance of supply security, strategic minerals and capital allocation as governments and markets respond to an increasingly fragmented global economy.

Episode 19 explores the recent sell-off in gold and silver, the implications of US Treasury refinancing requirements, rare earth supply chain localisation and the emerging divide between AI-driven productivity gains and resource-driven scarcity. We also discuss why critical minerals are increasingly being viewed as strategic assets supported by government policy, funding and industrial priorities.

The episode also includes a review of Talius Group (ASX: TAL), examining its transition toward a healthcare technology platform focused on aged care digitisation, recurring revenue growth and AI-enabled care management.

We also highlight recent drilling and exploration results from White Cliff Minerals (ASX: WCN), Kalamazoo Resources (ASX: KZR) and LinQ Minerals (ASX: LNQ), alongside updates across the Watch List and portfolio positions.

Recorded: 23 June 2026

Commodity Weekly Update

AI versus scarcity, gold and silver, rare earths, Treasury markets, strategic minerals and supply chain localisation.

Company Review

Talius Group (ASX: TAL)

Big Hits

White Cliff Minerals (ASX: WCN)

Kalamazoo Resources (ASX: KZR)

LinQ Minerals (ASX: LNQ)

Watch List Update

Bioxyne (ASX: BXN)

Island Pharmaceuticals (ASX: ILA)

Ioneer Ltd (ASX: INR)

Ballymore Resources (ASX: BMR)

Terra Metals (ASX: TM1)

Barton Gold (ASX: BGD)

Carnaby Resources (ASX: CNB)

Broken Hill Mines (ASX: BHM)

Savannah Goldfields (ASX: SVG)

Previous Podcast Episodes | Daily Market Updates

Cygnet Capital Pty Ltd is an Authorised Representative of Cygnet Securities Australia Pty Ltd AFSL 241095.

The information discussed in this podcast is general in nature and does not constitute financial advice.

Investors should conduct their own research and seek professional advice before making any investment decisions.

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This week on the Cygnet Capital Podcast, we unpack the structural shifts shaping commodities, capital markets and resource investing, with a focus on critical minerals, supply security, artificial intelligence and emerging ASX opportunities.

Episode 18 explores the growing divide between productivity-driven industries and resource-constrained sectors, examining how AI, government policy and strategic resource development are reshaping capital allocation. The discussion covers copper, rare earths and uranium as increasingly strategic assets, alongside the growing importance of localisation, downstream processing and supply chain security.

The episode also includes an Armchair Analyst deep dive into TTX, exploring its biomaterial platform, commercialisation strategy, partnership model, regulatory pathways and valuation framework across dental, orthopaedic, oncology and nasal drug delivery applications.

We’re also joined by Patrick Walta, Managing Director of Broken Hill Mines (ASX: BHM), discussing Pinnacles, the transition toward a hub-and-spoke operating model, production growth, silver exposure and the company’s long-term strategy within the Broken Hill district. Big Hits this week includes Ballymore Resources, Fin Resources, Stellar Resources and Black Canyon, while Tigers With Spots focuses on a newly funded copper-gold explorer with exposure to the Cactus Copper-Gold Project in Utah.

Recorded: 26th of May

Introduction

Episode overview, market themes and podcast introduction.

Commodity Weekly Update

AI-driven productivity, resource-driven inflation, supply security, critical minerals, government policy and strategic resource positioning.

Armchair Analyst

TTX biomaterial platform, partnership strategy, regulatory catalysts, commercial opportunities, valuation framework and key risks.

Special Guest: Patrick Walta, Broken Hill Mines (ASX: BHM)

Pinnacles, production growth, hub-and-spoke strategy, silver exposure, underground opportunities and long-term growth plans.

Big Hits

Ballymore Resources (ASX: BMR)

Fin Resources (ASX: FIN)

Stellar Resources (ASX: SRZ)

Black Canyon (ASX: BCA)

Tigers With Spots

Copper-gold exploration opportunity at the Cactus Copper-Gold Project.

Watch List Update

• Bioxyne (ASX: BXN) – $50M German supply agreement supporting European growth.

• Island Pharmaceuticals (ASX: ILA) – strengthened biodefence and regulatory capability.

• Ioneer (ASX: INR) – boron exposure supporting US critical mineral supply chains.

• Terra Metals (ASX: TM1) – advancing the Dante PGM-copper-nickel discovery.

• Barton Gold (ASX: BGD) – progressing its South Australian gold platform.

• Carnaby Resources (ASX: CNB) – continuing resource growth at Greater Duchess.

• Broken Hill Mines (ASX: BHM) – strong production growth and operational momentum.

• Somerset Minerals (ASX: SMM) – district-scale copper opportunity at Coppermine.

• Rumble Resources (ASX: RTR) – non-dilutive funding supporting Western Queen.

• Savannah Goldfields (ASX: SVG) – funding package supporting Agate Creek restart.

Previous Podcast Episodes | Daily Market Updates

Cygnet Capital Pty Ltd is an Authorised Representative of Cygnet Securities Australia Pty Ltd AFSL 241095.

The information discussed in this podcast is general in nature and does not constitute financial advice.

Investors should conduct their own research and seek professional advice before making any investment decisions.

Hosted on Acast. See acast.com/privacy for more information.

This week on the Cygnet Capital Podcast, we unpack the latest movements across commodity markets, strategic resource themes and emerging ASX opportunities, with a focus on copper, gold, rare earths, defence and AI infrastructure. Episode 17 explores why this remains a selective, stock-picker’s market, where the strongest opportunities continue to sit in hard assets, strategic supply chains and policy-backed growth themes despite ongoing macro volatility and restrictive financial conditions.

The episode also includes a deep dive into Aureka Limited (ASX: AKA), including the Irvine Project, Comstock production pathway and the company’s broader Victorian gold platform strategy with Managing Director James Gurry.

We also discuss favourite ideas from RIU, review recent site visit observations, highlight standout drilling results from Carnaby Resources, Caprice Resources, Waratah Minerals and Sunshine Metals, plus update the Watch List and Tigers With Spots.

Recorded: 19 May 2026

00:00 – Introduction

Episode overview, market themes and podcast introduction.

01:04 – Commodity Weekly Update

Selective markets, macro backdrop, copper outlook, gold equities, rare earths, defence and AI infrastructure.

02:42 – Topic of the Week

RIU favourite ideas including LinQ Minerals, Mammoth Minerals, Sunshine Metals, Barton Gold and Sky Metals.

12:56 – Aureka Limited (ASX: AKA)

Irvine Project, Comstock opportunity, drilling strategy and Victorian gold platform discussion with James Gurry.

22:20 – Big Hits

Carnaby Resources (ASX: CNB)

Caprice Resources (ASX: CRS)

Waratah Minerals (ASX: WTM)

Sunshine Metals (ASX: SHN)

27:14 – Tigers With Spots

BOA Resources (ASX: BOA)

30:43 – Watch List Update

• Terra Metals Limited  - emerging as a well-funded PGM-copper-nickel discovery story at Dante, supported by high-grade drilling, a growing 1.6Moz PGE3 resource and strong funding for continued expansion and development work through 2026.
• Somerset Minerals - building a district-scale copper story at Coppermine, where strong drilling results, deep geophysical targets and multiple regional prospects support ongoing discovery and resource growth potential through 2026.
• Broken Hill Mines Limited - delivered a strong March quarter production increase at the Rasp mine, supported by higher throughput, mining lease extensions to 2047 and long-term processing agreements that strengthen its production growth outlook.
• Ioneer Ltd - Ioneer’s Rhyolite Ridge project is positioned to support US critical mineral supply chains through boron production, with growing strategic relevance across defence and industrial applications alongside potential government-backed funding support.
• Barton Gold - Barton Gold controls a large South Australian gold platform with significant resource scale, strategic infrastructure advantages and a staged pathway back toward production supported by higher-grade ore and development optionality.
• Carnaby Resources - advancing as a copper-gold development story at Greater Duchess, where high-grade drilling continues to support resource growth, stronger project economics and increasing development scale.
• Rumble Resources Ltd - Rumble Resources has secured non-dilutive funding to support Western Queen development activities, strengthening the balance sheet and advancing the project closer toward production.
• Savannah Goldfields - strengthened its balance sheet through a funding package supporting the Agate Creek mining restart, exploration activity and broader production recovery plans in Far North Queensland.

Previous Podcast Episodes | Daily Market Updates

Cygnet Capital Pty Ltd is an Authorised Representative of Cygnet Securities Australia Pty Ltd AFSL 241095.

The information discussed in this podcast is general in nature and does not constitute financial advice.

Investors should conduct their own research and seek professional advice before making any investment decisions.

Hosted on Acast. See acast.com/privacy for more information.

This week on the Cygnet Capital Podcast, we unpack the latest movements across commodity markets, with a focus on the Australia–US critical minerals deal, policy driven shifts and evolving sector dynamics across the ASX.

Episode 16 explores the shift from geopolitics back to policy and earnings, strength across lithium, uranium and copper, and easing pressure in energy markets. The episode's discussion also includes Andrew's deep dive into Entropy Neurodynamics; a special guest segment with Dr James Garner, CEO of Percheron Therapeutics; Big Hits highlighting key drilling results from FIN Resources, Hawk Resources and Argent Minerals; Tigers With Spots focusing on an undervalued opportunity with strong rerate potential, Lode Resources; and an update to the Watchlist.

Recorded: 28th April, 2026

Introduction

Recap of last week’s episode, overview of key themes and introduction of special guest Dr James Garner from Percheron Therapeutics.

Commodity Overview

Policy, earnings and the Australia–US critical minerals deal.

Strength across lithium, uranium and copper.

Energy markets easing as oil risk premium unwinds.

Entropy Neurodynamics

Overview of Entropy Neurodynamics, its IV psilocin platform, clinical strategy and key upcoming catalysts.

Special Guest: Dr James Garner, Percheron Therapeutics

Discussion of recent data, Phase 2 progression and key milestones ahead.

Big Hits

Key drilling results and exploration updates across selected companies, highlighting standout intercepts and near term catalysts.

FIN Resources (ASX: FIN)

Sulphide hosted gold system drilling at Cabin Lake confirming scale and continuity ahead of assays.

Hawk Resources (ASX: HWK)

Shallow, high grade copper mineralisation at the Cactus Project with strong continuity across a 1km corridor.

Argent Minerals (ASX: ARD)

Broad polymetallic intercepts at Kempfield extending mineralisation at depth, with gold rich zones emerging as a

secondary upside driver.

Tigers With Spots

Companies we believe are undervalued relative to their asset base and catalysts, with potential for significant rerating.

This episode, we highlight Lode Resources, a development stage asset with exposure to silver, antimony, tin and strategic critical minerals.

Watch List Update

Updates to the hypothetical $10,000 portfolio, where performance above the initial investment is donated to charity by Cygnet Capital on a semi-annual basis. This segment reviews portfolio changes, with positions adjusted based on evolving company developments and valuation frameworks.

Wrap-Up

Episode summary and closing remarks.

Connect with Cygnet Capital

Website: https://www.cygnetcapital.com.au

LinkedIn:   / cygnet-capital  

Disclaimer

Information discussed is general in nature and does not constitute personal or financial advice. Past performance is not indicative of future results. Please consider your objectives and circumstances and seek independent advice if required.

Cygnet Capital Pty Ltd | Authorised Representative of Cygnet Securities Australia Pty Ltd | AFSL 241095.

Hosted on Acast. See acast.com/privacy for more information.

This week on the Cygnet Capital Podcast, we unpack the latest movements across commodity markets, with a focus on energy volatility, precious metals strength and shifting sector dynamics across the ASX.

Episode 15 explores the evolving macro backdrop following recent geopolitical developments, including divergence across commodities, continued strength in gold and copper and near term weakness in energy markets.

The discussion also includes a recap of the Adelaide Rising Stars Conference, Andrew’s deep dive into Central Petroleum and Beetaloo Energy Australia, a special guest segment with Brad Sampson, CEO of Savannah Goldfields, Big Hits highlighting key drilling results, Tigers With Spots focusing on undervalued opportunities with strong rerate potential and an update to the watch list.

In this episode:

00:00:00 – Introduction
Recap of last week’s episode, overview of key themes and introduction of special guest Brad Sampson of Savannah Goldfields.

00:04:03 – Commodity Overview
Energy markets repricing following recent geopolitical developments.
Gold and silver supported by rate expectations and currency movements.
Copper strength signalling ongoing structural demand.
Uranium remaining resilient as a strategic energy asset.

00:07:58 – Central Petroleum (ASX: CTP)
Overview of domestic gas positioning, contracted cash flows and near term production growth.

00:10:16 – Beetaloo Energy Australia (ASX: BTL)
Transition toward first gas, capital raising and pathway to production in 2026.

00:12:05 – David's Adelaide Rising Stars Conference Recap
Key takeaways and observations from the conference.

00:14:52 – Big Hits
Key drilling results and exploration updates across selected companies, highlighting standout intercepts and near term catalysts.

00:14:57 – PolarX (ASX: PXX)
High grade copper drilling extending mineralisation at depth.

00:16:37 – Flynn Gold (ASX: FG1)
Exceptional high grade silver and base metal results confirming historic continuity.

00:17:11 – OD6 Metals (ASX: OD6)
High grade fluorspar channel sampling validating scale and continuity.

00:18:23 – Tigers With Spots
Companies we believe are undervalued relative to their asset base and catalysts, with potential for significant rerating.

00:20:17 – Special Guest: Brad Sampson, Savannah Goldfields (ASX: SVG)
Discussion of Georgetown operations transitioning to steady state production, cash flow generation, Agate Creek as a key catalyst and broader asset optionality.

00:35:24 – Watch List Update
Updates to the hypothetical $10,000 portfolio, where performance above the initial investment is donated to charity by Cygnet Capital on a semi annual basis. This segment reviews portfolio changes, with positions adjusted based on evolving company developments and valuation frameworks.

00:35:26 – Somerset Minerals (ASX: SMM)
00:35:41 – Terra Metals (ASX: TM1)
00:36:51 – Ioneer Ltd (ASX: INR)
00:37:23 – Barton Gold (ASX: BGD)
00:38:13 – Carnaby Resources (ASX: CNB)
00:38:42 – Broken Hill Mines (ASX: BHM)
00:39:39 – Ballymore Resources (ASX: BMR)
00:40:15 – LinQ Minerals Ltd (ASX: LNQ)
00:40:28 – Aureka Limited (ASX: AKA), Savannah Goldfields (ASX: SVG) and Hamelin Gold (ASX: HMG)
00:40:40 – Brad’s Watch List
Key portfolio developments, valuation frameworks and upcoming catalysts across the watch list.

00:42:01 – Wrap-Up
Episode summary and closing remarks.

Recorded: 14 April, 2026

Connect with Cygnet Capital
Website: https://www.cygnetcapital.com.au
LinkedIn: https://www.linkedin.com/company/cygnet-capital

Disclaimer
Information discussed is general in nature and does not constitute personal or financial advice. Past performance is not indicative of future results. Please consider your objectives and circumstances and seek independent advice if required.

Cygnet Capital Pty Ltd | Authorised Representative of Cygnet Securities Australia Pty Ltd | AFSL 241095

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

This week on the Cygnet Capital Podcast, we unpack the latest movements across gold, silver, copper and energy markets, alongside the macro forces shaping the resources sector.Episode 13 explores the strength in the gold price environment and its impact on junior explorers, macro driven weakness in silver and copper, and escalating energy market pressures linked to geopolitical disruption. The discussion also includes an Australis Oil and Energy deep dive, a special guest segment with Peter Bewick, Managing Director of Hamelin Gold, Big Hits, Tigers With Spots and an update to the watch list.In this episode:00:00:00 – IntroductionRecap of last week’s episode, watch list and charity updates, and introduction of special guest Peter Bewick of Hamelin Gold.00:01:29 – Commodity OverviewGold price strength supporting junior explorers and discovery leverage.Silver and copper weakness driven by macro conditions and US dollar strength.Energy market disruption linked to Strait of Hormuz supply risks and inflation expectations.00:07:29 – Australis Oil and Energy DiscussionOverview of the company, positioning within the current energy market and key thematic drivers.00:12:22 – Special Guest: Peter Bewick, Hamelin GoldDiscussion of Day Dawn and Venus projects, high grade drilling results, structural upside and upcoming catalysts.00:30:34 – Big HitsKey drilling results and exploration updates across selected companies, highlighting standout intercepts and near term catalysts.LSR (ASX: LSR), TechGen Metals (ASX: TG1) and Australian Mines (ASX: AUZ) drilling updates, assays and key catalysts.00:33:11 – Tigers With SpotsCompanies we believe are undervalued relative to their asset base and catalysts, with potential for significant rerating.Savannah Goldfields (ASX: SVG) and Tempest Minerals (ASX: TEM) operational updates and valuation drivers.00:41:40 – Watch List UpdateUpdates to the hypothetical $10,000 portfolio, where performance above the initial investment is donated to charity by Cygnet Capital on a semi annual basis. This segment reviews hypothetical portfolio changes, with positions added and removed based on evolving company developments and valuation frameworks.Portfolio Watch List after Ep13 includes Terra Metals (TM1), Somerset Minerals (SMM), Ioneer Ltd (INR), Carnaby Resources Limited (CNB), Broken Hill Mines (BHM), Ballymore Resources (BMR), LinQ Minerals Ltd (LNQ) and Aureka Limited (AKA), alongside recent capital activity and upcoming catalysts.00:45:00 – Wrap-UpEpisode summary and closing remarks.Recorded: 17 March, 2026Connect with Cygnet CapitalWebsite: https://www.cygnetcapital.com.auLinkedIn: https://www.linkedin.com/company/cygnet-capitalDisclaimerInformation discussed is general in nature and does not constitute personal or financial advice. Past performance is not indicative of future results. Please consider your objectives and circumstances and seek independent advice if required.

Cygnet Capital Pty Ltd | Authorised Representative of Cygnet Securities Australia Pty Ltd | AFSL 241095.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

This week on the Cygnet Capital Podcast, we step back into the macro setup for 2026 and outline our specific commodity focus for the year ahead.

Episode 11 explores the shift toward a hard-asset-dominated environment driven by geopolitical change, fiscal and monetary instability, and long-term supply constraints. The discussion covers key commodity markets, Andrew’s stock overview, Cygnet portfolio stock reviews, Big Hits, Tigers With Spots and an update to the watch list...This episode covers:• The 2026 macro backdrop: deglobalisation, resource nationalism and monetary instability• Central banks, investment flows and the structural case for hard assets• Commodity update across gold, silver, copper, uranium, lithium, rare earths and tungsten• Andrew’s stock overview: Lumos Diagnostics (ASX: LDX)• Cygnet portfolio stock reviews• Big Hits: recent drilling and exploration results• Tigers With Spots: emerging opportunities• Watch list update and current portfolio positioningRecorded: 29 January, 2026Connect with Cygnet CapitalWebsite: https://www.cygnetcapital.com.auLinkedIn: https://www.linkedin.com/company/cygnet-capitalDisclaimerInformation discussed is general in nature and does not constitute personal or financial advice. Past performance is not indicative of future results. Please consider your objectives and circumstances and seek independent advice if required.Cygnet Capital Pty Ltd | Authorised Representative of Cygnet Securities Australia Pty Ltd | AFSL 241095.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.