SmallCaps Podcast

Australian Oil Company (AOK.ASX) is in the spotlight as it pivots its strategy toward controlling more of its California assets while expanding into the Surat Basin. In this quick analysis, we break down what the latest leadership update means for shareholders and the path to 2026. What’s new - Strategy: The company is increasing its working interests in California to rationalise joint ventures and steer its own destiny there, with three new project opportunities aimed at exploration upside. - Operations: AOK currently operates 29 wells in California; the focus is on cost-neutral projects and converting them into value rather than relying on partners with differing views. - Portfolio moves: A binding agreement to acquire ex-State Resources’ working interests in the Sacramento Basin signals a shift in asset control and the ability to bring in new partners. Why it matters - Regulation and consolidation: California drilling permits are being issued again after a long pause, and sector deals like CRC’s merger with Berry highlight ongoing consolidation that could affect asset value and non-core assets. - Growth trajectory to 2026: Management emphasised stepping into new jurisdictions and consolidating the current position to drive performance in the coming years, with stronger gas demand on the east coast and data-centre-driven gas usage. What to watch next - How AOK funds further land acquisitions and expands exploration upside, particularly in the Surat Basin and selected new land positions. - The outcome of partnerships and potential new joint ventures as the Sacramento Basin deal progresses. Timestamps 00:00 Intro and context 00:32 Strategy update: California focus and Surat Basin expansion 01:01 Wells and cost-neutral plan 01:59 Pivot to new jurisdictions and exploration upside 02:09 Sacramento Basin deal and partner dynamics 03:31 Regulatory context and sector consolidation 04:13 2026 outlook and strategic positioning 04:55 Wrap and next steps Want more ASX small-cap updates like this? Subscribe and turn on notifications to catch the next analysis on AOK and other energy plays in Australia. ⚠️ IMPORTANT DISCLAIMER: This content is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research and consider seeking advice from a qualified financial advisor before making investment decisions. The creator may hold positions in securities discussed. 🔎 More on this company: https://smallcaps.com.au/stocks/asx-aok/ ⸻ Small Caps is Australia’s #1 site for market news & information on ASX-listed small cap companies. 🌐 WEBSITE https://smallcaps.com.au/ 🎧 PODCAST https://smallcaps.com.au/podcast/ 📱 SOCIAL MEDIA Facebook: https://www.facebook.com/SmallCapsASX Twitter: https://twitter.com/SmallCapsASX LinkedIn: https://www.linkedin.com/company/small-caps/ 📬 NEWSLETTER https://smallcaps.com.au/subscribe/

Australia's COB.ASX presents a pivotal update on Cobalt Blue Holdings as it advances the Kwinana cobalt refinery (KCR) and pivots to battery black mass recycling at Broken Hill (BHTC). In this deep-dive, James Whelan chats with Dr. Andrew Tong, CEO, to unpack progress on permits, binding feedstock agreements, and customer qualification that position KCR for a potential Final Investment Decision in 2026. The video also covers the Broken Hill technology centre, the business case refresh for KCR including an upgraded MPV (≈A$150m), expected free cash flow of A$30–40m/year, and the plan to finance construction with a roughly A$60m capex. We examine cobalt price dynamics in 2026, including DRC policy shifts (ban then quotas) and the implications for Australian producers, the move to alloy-grade cobalt for defence and aerospace, and why Black Mass recycling could become a domestic feedstock loop for cobalt, nickel, lithium and graphite. We also touch on nearby assets (Horse Creek) and how the company intends to secure binding offtakes as part of the financing process. Timestamps below for quick navigation. Timestamps: 00:00 – Introduction 01:00 – Kwinana readiness: permits, feedstock, land and customers 02:35 – KCR base-case economics update 03:50 – Financing timelines and potential FID 04:40 – Cobalt price outlook for 2026 05:50 – Pivot to Black Mass at Broken Hill 07:00 – Why Black Mass matters: diversification across Ni, Li, graphite 08:30 – Regulatory and supply context for cobalt 09:50 – Integration of BHTC with KCR 11:10 – Other assets: Broken Hill and Horse Creek 12:40 – Rationale for the latest capital raise 14:00 – What investors should watch next 15:00 – Closing thoughts Stay tuned by subscribing and turning on notifications for ongoing updates, and visit COB.ASX announcements for the latest on offtakes, financing milestones and project timelines. ⚠️ IMPORTANT DISCLAIMER: This content is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research and consider seeking advice from a qualified financial advisor before making investment decisions. The creator may hold positions in securities discussed. 📌 Articles: https://smallcaps.com.au/cobalt-blue-feedstock-supply-glencore-australia-first-refinery https://smallcaps.com.au/australian-critical-minerals-projects-receive-us-financing-support https://smallcaps.com.au/australia-can-punch-above-its-weight-critical-metals-mining-processing https://smallcaps.com.au/cobalt-blue-acquire-broken-hill-prospectings-thackaringa-project https://smallcaps.com.au/cobalt-blue-broken-hill-prospecting-battery-binding-deal-lg 🔎 More on this company: https://smallcaps.com.au/stocks/asx-cob/ ⸻ Small Caps is Australia’s #1 site for market news & information on ASX-listed small cap companies. 🌐 WEBSITE https://smallcaps.com.au/ 🎧 PODCAST https://smallcaps.com.au/podcast/ 📱 SOCIAL MEDIA Facebook: https://www.facebook.com/SmallCapsASX Twitter: https://twitter.com/SmallCapsASX LinkedIn: https://www.linkedin.com/company/small-caps/ 📬 NEWSLETTER https://smallcaps.com.au/subscribe/

RooLife Group (RLG.ASX) is an ASX small-cap focused on data-driven e-commerce and multi-channel market entry. In this video, Blake Reid from smallcaps.com.au chats with RooLife CEO Bryan Carr to understand how the business identifies demand, sources products and moves quickly into high-growth markets such as China, India and the UK. We break down the data-first model, the lean, asset-light approach and how RooLife is building scale through coffee and other health & wellness products, plus renewable energy items. The interview covers the $64 million coffee supply agreement, the early milestone of over $1 million in monthly sales, and the plan to expand with proprietary brands and more markets. We translate the interview into a clear investment narrative and highlight catalysts to watch over the next 12 months. Timestamps: 00:00 Intro and what we cover 00:27 RooLife overview 01:21 The data-first e-commerce model 02:33 Lean and asset-light operations 03:04 Market focus: China, India, UK and Australia 04:43 RLG Coffee: launch and contract 05:04 Early sales performance 06:17 Health & Wellness and product strategy 07:03 Renewable energy and social commerce 09:02 Balance sheet and capital raise 11:42 Catalysts and milestones to watch 12:03 Final message Thanks for watching—like and subscribe for more ASX small-cap updates, and stay tuned for RooLife’s growth milestones as they execute their plan. ⚠️ IMPORTANT DISCLAIMER: This content is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research and consider seeking advice from a qualified financial advisor before making investment decisions. The creator may hold positions in securities discussed. 📌 Articles: https://smallcaps.com.au/roolife-group-wins-coffee-supply-order-china-growing-market https://smallcaps.com.au/roolife-group-strong-quarterly-south-east-asian-e-commerce-platforms https://smallcaps.com.au/roolife-global-distribution-deal-careline-australia-skincare-wellness-products https://smallcaps.com.au/the-calmer-co-international-record-quarterly-sales-figures-distribution-partners https://smallcaps.com.au/roolife-aft-pharmaceuticals-sell-over-the-counter-chinese-online-marketplace 🔎 More on this company: https://smallcaps.com.au/stocks/asx-rlg/ ⸻ Small Caps is Australia’s #1 site for market news & information on ASX-listed small cap companies. 🌐 WEBSITE https://smallcaps.com.au/ 🎧 PODCAST https://smallcaps.com.au/podcast/ 📱 SOCIAL MEDIA Facebook: https://www.facebook.com/SmallCapsASX Twitter: https://twitter.com/SmallCapsASX LinkedIn: https://www.linkedin.com/company/small-caps/ 📬 NEWSLETTER https://smallcaps.com.au/subscribe/

In this ASX small-cap analysis, we drill into Axel Ree (AXL.ASX), a rare earths and gallium project in Brazil's Lithium Valley. With two JORC resources declared—roughly 233 Mt of rare earths and about 100 Mt of gallium—the company is positioned to move from explorer to emerging developer. We unpack the in-situ recovery (ISR) approach, the implications of Area A and Area B, and how a potential premium mixed rare earth carbonate from Area B could boost value. The video also places Axel Ree in context with peers and outlines the near-term milestones that could unlock value, including trial mining and the path to a formal feasibility study. What we cover: - Project overview, geography and the dual commodity opportunity - In-situ recovery: how magnesium sulfate (Epsom salts) unlocks rare earths securely and environmentally - Area A vs Area B: resource scale, metallurgical work, and the premium carbonate opportunity - Gallium economics: market size, pricing, and how it sits above REEs - Trial mining vs PFS/DFS: why the team is choosing a lean, real‑numbers approach and how it fast-tracks development - Milestones: maiden JORC resources in Area B, Woolwich inferred resource, and the timing for trial mining - Competitive context: how Gerik mine in Malaysia provides a practical analogue for capex and profitability Timestamps: 00:00 Welcome and overview – rare earths, gallium and Axel Ree 01:12 Interview with Paul Dickson and project intro 02:10 Valuation gap vs Brazilian peers 04:03 Area A and Area B overview 05:22 Gallium sits on top of rare earths; premium potential 06:08 Area B – potential premium mixed rare earth carbonate 08:09 What is in-situ recovery (ISR) and why it matters 10:04 Benchmarking to the Gerik mine analogy 11:37 Gallium commercialisation strategy and partnerships 12:00 Trial mining vs PFS/DFS – what this means 13:37 Next milestones and 18–24 month plan 15:41 What to watch next and metallurgical work 16:23 Outro and how to follow AXL.ASX Conclusion/CTA: If you want to stay updated on Axel Ree and the evolving rare earths and gallium story, subscribe for regular updates and follow AXL.ASX for the latest milestones and news. ⚠️ IMPORTANT DISCLAIMER: This content is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research and consider seeking advice from a qualified financial advisor before making investment decisions. The creator may hold positions in securities discussed. 📌 Articles: https://smallcaps.com.au/axel-ree-brazil-first-in-situ-gallium-mineral-resource-caladao-project https://smallcaps.com.au/axel-ree-high-grade-gallium-caladao-project-brazil https://smallcaps.com.au/axel-ree-high-grade-rare-earths-gallium-caladao-latest-assays https://smallcaps.com.au/axel-ree-high-grade-gallium-rare-earth-potential-caladao 🔎 More on this company: https://smallcaps.com.au/stocks/asx-axl/ ⸻ Small Caps is Australia’s #1 site for market news & information on ASX-listed small cap companies. 🌐 WEBSITE https://smallcaps.com.au/ 🎧 PODCAST https://smallcaps.com.au/podcast/ 📱 SOCIAL MEDIA Facebook: https://www.facebook.com/SmallCapsASX Twitter: https://twitter.com/SmallCapsASX LinkedIn: https://www.linkedin.com/company/small-caps/ 📬 NEWSLETTER https://smallcaps.com.au/subscribe/

In this ASX small-cap analysis, Mithril Silver & Gold (MTH.ASX) lays out the Copalquin district in Mexico and why the district could be a major driver for high-grade gold-silver exposure. Copalquin sits on the prolific Cimarra Gold–Silver trend and is a district-scale epithermal system with dozens of historic mines. Mithril has mapped a broad horizon across roughly 9 km with a vertical extent exceeding 1,000 m across a 70 sq km district. The region hosts 298 historic mines and workings, around 10 km of underground tunnels and 15 km of mapped veins, providing a sizeable exploration footprint. The plan is to de-risk the system by drilling three strong targets and building a robust resource inventory across the district. Latest news highlights high‑grade channel sampling across multiple targets, underscoring strong gold and silver grades and the district’s vertical context. Mithril has expanded its exploration team and is progressing a large drilling programme designed to feed a resource update and a broader valuation narrative. The company is fully funded for about 45,000 metres of drilling through 2025–26, including around 25,000 metres planned for the first half of 2026. Target One already hosts a maiden resource with high-grade grades; Target Three and Target Five look to deliver a similar scale of resources as drilling progresses. The target is to assemble roughly 2.5–3 million ounces of gold equivalent in the initial resource inventory across the first three targets, with a longer‑term view to unlocking a multi‑million‑ounce potential district. Beyond the geology, the video covers the infrastructure tailwinds nearby (National Highway 24 within trucking distance, a high‑tension power line, and regional mining hubs), and Mithril’s approach to ESG and local communities—40 local staff, education and health programs, and ongoing engagement to foster responsible exploration. The team includes experienced technical leadership and 3D modelling work that is underpinning the district‑scale geologic model. We also discuss what a successful 2026 programme could mean for investors and how the company plans to de-risk and extend the system deeper into the feeder zones. Timestamps are provided below to jump to the key topics. As always, do your own research and consider the risks associated with early-stage mining opportunities. 00:15 Mithril’s Copalquin focus and Mexico opportunity 01:32 District scale and mineralisation context 03:16 Three drill‑ready targets and the resource plan 05:22 Target One: high‑grade gold–equivalent and timeline for updates 07:09 Drilling progress and the 2025–26 programme 08:26 Target Five and feeder zones explained 10:01 Infrastructure and developability in Copalquin 11:15 ESG approach and local community engagement 13:29 Local employment and social initiatives 16:01 Vision for 2.5–3 Moz in the initial resource inventory 17:00 Final message and next steps If you found this analysis helpful, please like, subscribe and share your thoughts in the comments about which target you think could unlock the biggest upside in Copalquin. ⚠️ IMPORTANT DISCLAIMER: This content is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research and consider seeking advice from a qualified financial advisor before making investment decisions. The creator may hold positions in securities discussed. 📌 Articles: https://smallcaps.com.au/mithril-silver-gold-increase-historic-mines-workings-copalquin-district https://smallcaps.com.au/newrange-gold-corp-mithril-resources-merger-americas-focused-explorer https://smallcaps.com.au/australian-silver-stocks-soar-reddit-squeezing-metal-supply https://smallcaps.com.au/mithril-resources-back-drilling-cometa-along-expansive-soil-sampling https://smallcaps.com.au/mithril-resources-strikes-high-grade-gold-silver-los-reyes 🔎 More on this company: https://smallcaps.com.au/stocks/asx-mth/ ⸻ Small Caps is Australia’s #1 site for market news & information on ASX-listed small cap companies. 🌐 WEBSITE https://smallcaps.com.au/ 🎧 PODCAST https://smallcaps.com.au/podcast/ 📱 SOCIAL MEDIA Facebook: https://www.facebook.com/SmallCapsASX Twitter: https://twitter.com/SmallCapsASX LinkedIn: https://www.linkedin.com/company/small-caps/ 📬 NEWSLETTER https://smallcaps.com.au/subscribe/