Mining Stock Education

Contango Silver & Gold president Shawn Khunkhun discusses why CTGO shares are down ~50% since January and how this presents investors with a buying opportunity. The company’s current valuation is just three times next year’s expected free cash flow, he shared. He explains the key catalysts investors are waiting for, why and how the company eliminated its hedge book. He outlines the DSO model shipping ore to Kinross’s Fort Knox mill and how Contango is reinvesting cash flow into Lucky Shot drilling, Johnson Tract infrastructure/permitting, and a 40,000m Kitsault Valley drill program. He states that a mill acquisition is being targeted for longer-term needs.

00:00 Intro
00:33 Why Shares Are Down
01:05 Catalysts from Mahn Choh
01:54 Kitsault Resource Update
02:24 Lucky Shot Path to Production
03:06 Hedge Book Removed
04:38 Debt and Cash Position
05:53 DSO Model and Growth Plan
07:28 Lucky Shot Drilling Progress
08:38 Johnson Tract Buildout
09:11 Kitsault Exploration Strategy
09:55 Management Versus Geology
11:52 What the Market Rewards
13:33 No Dividends Near Term
14:15 Mill Acquisition Strategy
15:29 Jurisdiction And M&A Focus
17:07 Re-Rating and Share Structure

https://contangoore.com/
NYSE & TSX: $CTGO

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Sponsor Contango pays MSE a United States dollar seven thousand per month coverage fee. The forward-looking statement disclaimer found in Contango’s most-recent company slide deck found at www.ContangoOre.com applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, host Bill Powers welcomes Dr. Rob Stevens, author of 'Mineral Exploration and Mining Essentials.' Dr. Stevens presents on what every copper and gold mining investor should know about sulfide vs. oxide deposits. He provides examples, reviews the economic impacts of these deposit types, explains supergene enrichment zones, refractory deposits, laterites and much more. Dr. Stevens' book and online courses are available at miningessentials.com.

00:00 Introduction
01:01 Oxide vs Sulfide
02:08 Defining Deposit Types
06:54 How Processing Differs
09:40 Refractory and Laterites
12:38 Supergene Enrichment
15:55 Economics and Examples
20:13 Investor Checklist
22:54 Q&A

Link to this presentation on YouTube: https://youtu.be/0w9Cz5fTkPo

To learn about Dr. Steven’s book and online training courses: https://www.miningessentials.com/

Dr. Steven’s YouTube channel:
https://www.youtube.com/@mining-essentials

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

This episode was not sponsored. MSE received no compensation to speak favorably of Rob Stevens’ book and has no revenue-sharing arrangement with Dr. Stevens. Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Midnight Sun Mining VP Adrian O’Brien explains how the company has expanded its near-surface copper mineralization at the Dumbwa basement dome-hosted sulfide copper deposit in Zambia’s Domes region to 6.7 km strike within an 11.5 km phase-one program and a broader 20 km geochemical target. O’Brien explains the deposit’s close geological analogy to Barrick’s nearby Lumwana deposit, outlines a systematic “drill like a major” fence-drilling method with 50 m hole spacing and 100–200 m fence spacing enabled by low Zambian drill costs, and says the approach is designed to define edges, grade variability, and stacked, relatively flat mineralized lenses from surface to ~200 m depth. He discusses expectations for a first MRE in the fall, continued drill result releases, planned magnetics and metallurgical testing, reasons for share-price weakness despite operational progress, and ongoing but undisclosed monetization talks for the Kazhiba oxide resource.

00:00 Intro
00:28 Dumbwa Discovery Update
01:15 Basement Dome Copper Explained
04:10 Majors-Style Drill Strategy
11:16 Data Modeling And MRE
12:33 Deposit Scale & Geometry
14:08 Share Price Disconnect
19:19 Kazhiba Oxide Monetization
20:32 Upcoming Catalysts Roadmap

https://midnightsunmining.com/
TSXV:MMA OTCQX:MDNGF

Press release discussed: https://midnightsunmining.com/2026/midnight-sun-continues-rapid-strike-expansion-at-dumbwa-now-6-7-kilometres-of-near-surface-copper-mineralization/

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Sponsor Midnight Sun Mining pays MSE a United States dollar ten thousand per month coverage fee. The forward-looking statement disclaimer found in Midnight Sun’s most-recent company slide deck found at www.MidnightSunMining.com applies to everything discussed in this interview. Bill Powers will not buy any MMA.v shares until five trading days after MSE’s initial interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy shares of any company featured on MSE, you should, for your own protection, assume MSE’s owner is personally selling you those shares. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

In this episode of Mining Stock Education, host Bill Powers sits down with pro resource investor and returning guest David Lotan. David buys nearly all his junior resource stocks in the open market and employs a process any retail investor can follow. You don’t need to be an accredited investor to make millions in mining stocks. David proves it!

David shared: "Especially in the last decade, the real bargains are in the open market. It's, to me, far more valuable to find little companies trading for peanuts where management just is missing one of those ingredients. If you can grab a hold of that capital structure before it's ruined, and if management is well-intended and can follow an investor-friendly pathway, you can get fantastic outcomes."

David shares how he went from just being an investor in Aurion Resources and Fox River Resources to becoming the chairman of both as a leading shareholder. The companies were recently independently bought out for just shy of C$600M total. He explains how the sales came about and shares a behind-the-scenes look into how M&A happens in junior mining. Listen to be educated and inspired in your junior mining journey!

00:00 Intro
01:26 Why Juniors Got Cheap
03:02 Aurion Early Crisis
05:20 Chairman and Financing
05:55 Exit Expectations
09:48 Agnico Buyout Details
10:30 Investor Alignment
12:52 Why Sale Took Years
15:35 Rupert Conflict Timeline
20:35 Market Forces Drive M&A
23:42 Strategy During Skirmish
29:43 Open Market Buying
30:40 Cash Deal and Trust
32:26 Trust and Win-Win
41:05 Fox River Buyout
45:39 Warrants and Bargains
49:00 Tenaz Energy Win

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

Mining Stock Education offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Dr. Simon Ingram, President & CEO of Lara Exploration, provides an update focused on the Planalto open-pit copper-gold project in Brazil’s Carajás district. After raising about US$25 million, the company is running seven drill rigs and has completed over 10,000 meters across 30+ holes to validate the geological model and upgrade resource confidence toward pre-feasibility, highlighting a higher-grade central core (around 0.6% to over 1% copper). Lara is also drilling south of the Silica Cap pit with encouraging intersections and working through permitting and land access for the nearby Atlantica license, a prospective 3 km extension. Parallel work includes water wells, geotechnical and metallurgical drilling (phase three), access/power studies, and water management. Upcoming catalysts include batch drill results, an updated resource estimate, pre-feasibility progress, and environmental studies leading to permit filings; Ingram also notes a nearby BHP asset sale for over $400 million.

00:00 Intro
00:37 Planalto Drilling Update
02:29 Silica Cap Extension
04:24 Model Validation Studies
06:43 Pre-Feasibility Explained
08:41 District M&A Activity
09:49 Prospect Generator Portfolio
11:03 Upcoming Catalysts Permitting

https://laraexploration.com/
TSXV:LRA -- OTC:LRAXF

Press Release discussed: https://laraexploration.com/news/2026/lara-exploration-announces-14-000-metre-validation-drilling-program-underway-at-the-planalto-project/

Listen to MSE’s first Lara interview: https://www.youtube.com/watch?v=sN6oqEUsmTk

Sponsor Lara Exploration pays MSE a United States dollar seven thousand per month coverage fee. The forward-looking statement disclaimer found in Lara Exploration’s most-recent company slide deck found at www.LaraExploration.com applies to everything discussed in this interview. Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/