PolarX (ASX: PXX) has just struck a far-out deal with Northern Star Resources that will see the gold giant spend up to 60-million Australian dollars for a stake in up to 70% in PolarX’s Alaska Range Project.

Mark Bojanjac is a Chartered Accountant with almost 30 years’ direct experience in developing resource companies. He was a founding director of a public company which discovered one of Australia’s highest grade gold mines at East-Kundana near Kalgoorlie in WA and managing director of an unlisted public company which successfully developed a 2.4Moz gold resource in Mongolia. He was previously CEO of Adamus Resources Limited, where he oversaw its advancement from an early stage exploration project through definitive feasibility studies and managed the debt and equity financing to build its successful Ghanaian gold mine. He was also formerly a Non-Executive Director of QLD silica sand developer, Metallica Minerals Limited and is currently a director of WA resources explorer, Kula Gold Limited.

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Company Website: https://www.polarx.com.au/

INSIGHTS FROM THE EPISODE

PolarX has secured a landmark farm-in agreement with Northern Star Resources (ASX: NST), giving Northern Star the right to earn up to 70% of the Alaska Range Project by spending $60 million. This partnership validates the project’s scale and potential. 

The Caribou Dome deposit within the Alaska Range has delivered scoping study results showing an Internal Rate of Return (IRR) of ~70% (based on metals prices two years ago), underlining its strong economics and global significance as one of the highest-grade undeveloped copper projects in the USA. 

PolarX controls an under-explored 35km mineralised corridor, including soil anomalies up to 11km by 8km in size. Northern Star’s backing allows for big-company exploration programs—geophysics, helicopter surveys, and systematic drilling—that were previously unaffordable for PolarX. 

With copper recently added to the US Critical Minerals List, PolarX’s Alaskan copper-gold assets are strategically aligned with America’s push for secure, domestic supply. The jurisdictional advantage of being in the USA enhances the project’s attractiveness to global investors. 

Outside the Alaska JV, PolarX retains full ownership of the Humboldt Range Project in Nevada, located next to major heap-leach gold and silver operations such as Florida Canyon and Rochester. Drill-ready and surrounded by multimillion-ounce deposits, Humboldt represents a second growth pillar for the company.

This week on The Hole Truth, we sit down with Sky Metals (ASX: SKY) to dig into the latest results from the Tallebung Tin Project in NSW. With standout silver and tin intercepts, breakthrough ore sorting results, and a pathway to becoming a globally significant tin producer, Sky is pushing hard to prove up scale and economics in one of Australia’s most exciting tin plays.

Managing Director Oliver Davies joined SKY as a geologist in 2019. He was appointed to Exploration Manager in 2021, then to CEO in early 2022 and subsequently to Managing Director in September 2024. Prior to SKY, Mr Davies was in exploration and operational roles with Evolution Mining and Alkane Resources in NSW and Qld. Mr Davies has worked closely on several successful NSW discoveries including Evolution Mining’s significant expansion of the Lake Cowal gold resource and with Alkane’s regional exploration success at Tomingley and Boda.

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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://www.skymetals.com.au

INSIGHTS FROM THE EPISODE

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.

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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).

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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. 

RESOURCES

LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast

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Instagram: https://www.instagram.com/theholetruthpodcast/ 

Company Website: https://www.leeuwinmetals.com

INSIGHTS FROM THE EPISODE

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.

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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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RESOURCES

LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast

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Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/

Instagram: https://www.instagram.com/theholetruthpodcast/ 

Company Website: https://www.arika.com.au

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INSIGHTS FROM THE EPISODE

Cracking Early Results at F1 Prospect in Yundamindra

'Yellow Brick Road' Corridor Hosts Multiple High-Grade Targets

Follow-Up at Landed at Last and Pennyweight Point

Over 50 High-Priority Targets Identified

Bonaparte and Syncline Prospects Next in Line

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.

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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. 

RESOURCES

LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast

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Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/

Instagram: https://www.instagram.com/theholetruthpodcast/ 

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.

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Produced by Resource Media

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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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RESOURCES

LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast

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Website: https://resourcesrisingstars.com.au/the-hole-truth-podcast/

INSIGHTS FROM THE EPISODE

Sipa Resources has kicked off drilling at Nuckulla Hill, targeting historic gold prospects with significant past intercepts and no exploration in nearly 30 years.

The projects sit on the same shear zone as Barton Gold’s 1.5Moz Tunkillia deposit, offering strong geological continuity and exploration upside.

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.

With a board including Stephen Biggins (Core Lithium founder) and MD Andrew Muir, Sipa blends geology, corporate finance, and commercial strategy.

With a sub-$10 million market cap and active drilling underway, Sipa offers significant leverage to exploration success in Tier-1 jurisdictions.

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Produced by Resource Media

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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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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

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INSIGHTS FROM THE EPISODE

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.

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Produced by Resource Media

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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. 

RESOURCES

LinkedIn: https://www.linkedin.com/showcase/the-hole-truth-podcast

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Website: https://theholetruth.podbean.com

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.

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INSIGHTS FROM THE EPISODE:

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RESOURCES

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Website: https://theholetruth.podbean.com

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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. 

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.

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Produced by Resource Media

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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. 

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

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.

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.

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.

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.