Cygnet Capital Podcast

The Cygnet Capital Finance Podcast delivers weekly insights on ASX markets, commodities, resources, and small-cap investments. Hosted by the Cygnet Capital team, each episode explores market trends, company developments, and investment strategies shaping Australia’s financial landscape. Hear concise, data-driven analysis and expert commentary designed for investors, analysts, and finance professionals seeking clarity in a fast-moving market. Hosted on Acast. See acast.com/privacy for more information.

Cygnet Capital Podcast is a business podcast hosted by Cygnet Capital Pty Ltd, with 15 episodes on record and a Required Pod Score of 80.

Cygnet Capital Pty Ltd hosts Cygnet Capital Podcast, a business show with 15 episodes published.

Our AI reads these to draft pitches. Use them as grounding for a pitch that cites a real guest and a specific topic.

• 

  Episode #22

  Cygnet Capital Podcast | Ep 22 | Higher Rates, Hard Assets and the Copper Consolidation Drive

  Oct 1, 202645 minS1

  This week on the Cygnet Capital Podcast, the team examines the rate environment as the Fed lifts rates under Chair Kevin Warsh. We cover precious metals and copper, an Armchair Analyst comparison of medtech vs drug regulatory pathways, a site visit review of Austral Resources (ASX: AR1), and an interview with BOA Resources (ASX: BOA) MD Graeme Purcell on their high-grade copper hits at Ricci Lee. Recorded: 29 September 2026. Market Context The Fed hiked rates 25bps to 3.75%–4.00% under Chair Kevin Warsh, pushing 10-year Treasury yields to ~5.2%. Gold consolidates at ~US$4,311/oz (~A$6,150/oz) and silver sits at ~US$65/oz, while Australian gold M&A stays active (Northern Star; Evolution acquiring Carnaby). Copper trades firm at ~US$6.71/lb on US tariffs and tight supply. Brent oil sits at ~US$105/bbl and uranium trades near ~US$89.5/lb. Armchair Analyst Jason Segal compares healthcare clinical and regulatory pathways: EchoIQ (ASX: EIQ): Medtech developer using AI echocardiography; FDA setback highlights regulatory strategy. Paradigm Biopharmaceuticals (ASX: PAR): Drug developer advancing Zilosul for knee OA; Phase 3 enrolment completed. Sector Updates: Telix (ASX: TLX) proposed a ~A$3.3B merger with ITM, Helius divested Agilex to TPG-backed Novotech for $150M, and Emyria (ASX: EMD) added Dr David Shulkin. Managing Director Interview Graeme Purcell, MD of BOA Resources (ASX: BOA), discusses Neds Creek in WA. BOA is acquiring Sandfire's 51% interest plus Thaduna and Green Dragon (adding 5.3Mt @ 2.3% Cu for 121kt contained copper). Initial RC drilling at Ricci Lee returned high-grade copper in all six initial holes, including 14m @ 2.49% Cu from 122m (inc. 7m @ 4.60% Cu) and 15m @ 2.25% Cu from 130m. Company Reviews The team reviews Austral Resources (ASX: AR1) following a Mt Isa site visit: Austral Resources (ASX: AR1): Dual-hub copper producer (~A$0.075/sh, ~A$199M MC, ~A$83M cash, no debt). Mt Kelly SX/EW Plant: Operating oxide plant (30ktpa capacity, producing ~8ktpa cathode). Rocklands Concentrator: 3Mtpa sulphide facility targeting expansion to 6Mtpa (~A$25M capex, late FY27 commissioning). Rated Speculative Accumulate. Big Hits High-grade exploration updates: Anax Metals (ASX: ANX): Whim Creek returned 85.9m @ 2.89% CuEq from 34.6m; AGM notice lodged 24 September. Many Peaks Minerals (ASX: MPK): Ferké returned 116.0m @ 2.78 g/t Au from 524m; annual report lodged 22 September. Waratah Minerals (ASX: WTM): Spur intersected 46m @ 7.27 g/t Au from 541m; deep drilling links Ironclad & Consols. PC Gold (ASX: PC2): Spring Hill returned 29.65m @ 4.32 g/t Au from 332.35m; 386.8M shares on issue. Tigers with Spots BOA Resources (ASX: BOA) graduated from Episode 21's Tiger feature to this episode's MD interview. Conference Watch Precious Metals Summit (Beaver Creek: BGD, TSO) Mining Forum Americas (Colorado Springs) Bio Calendar (BioJapan, AusBiotech: ILA, TTX, DXB). Watch List Update Portfolio updates across active names: Ioneer (ASX: INR) Tetratherix (ASX: TTX) Terra Metals (ASX: TM1) Island Pharmaceuticals (ASX: ILA) Broken Hill Mines (ASX: BHM) Rumble Resources (ASX: RTR) Hamelin Gold (ASX: HMG) (raised $7.93M at $0.16) LinQ Minerals (ASX: LNQ) (AGM set for 17 Nov, $92.3M market cap) Ballymore Resources (ASX: BMR) (launched $4.7M raise via Cygnet) Savannah Goldfields (ASX: SVG) (voluntary suspension pending financing & annual report, AGM 30 Nov) Hawk Resources (ASX: HWK) Somerset Minerals (ASX: SMM) 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.

  ListenShow Notes
• 

  Episode #21

  Cygnet Capital Podcast | Ep 21 | Precious Metals Take Charge & the Porphyry Pursuit with Harry Donner (ASX: LNQ)

  Aug 27, 202649 minS1

  This week on the Cygnet Capital Podcast, the team looks at the acceleration across precious metals, with gold and silver leading the commodities sector while copper remains near record highs. We also cover resource catalysts across the small and mid cap space, including an interview with LinQ Minerals on its central west New South Wales porphyry campaign. Recorded: 25 August 2026 Market Context Precious metals have returned to the forefront of market activity. Spot gold is approximately US$4,620/oz, or A$6,435/oz, following an 11% increase in August. Silver has moved above US$67/oz, up 20% month on month and 78% year on year. Copper is around US$6.55/lb on COMEX amid looming US refined copper tariffs, supply tightness in China plus demand from AI and grid infrastructure. Brent oil sits around US$95/bbl, uranium at US$88/lb while tin trades near record levels at US$55,500/t. The team also discusses Kevin Warsh's appointment as Federal Reserve Chair, rates remaining at 3.50% to 3.75% plus Australian gold M&A, including Elliott's 4% stake in Northern Star. Armchair Analyst Jason reviews multiple stocks, including Emyria Limited (ASX: EMD) Managing Director Interview We welcome Harry Donner, CEO and Executive Director of LinQ Minerals (ASX: LNQ), which is focused on its 100% owned Gilmore Gold Copper Project in central west New South Wales. The project spans 597km² across 40km of strike within the Macquarie Arc porphyry belt and hosts a JORC resource of 516Mt containing approximately 3.7Moz of gold and 1.2Mt of copper. Harry discusses recent drilling at Gidginbung Southern Zone, where GBRCD013 intersected 95m @ 2.14 g/t AuEq. At Monza Central, MZACD003 intersected 70.8m @ 1.11% CuEq from 71m. With three rigs operating plus an August capital raising underway, LinQ is preparing for updated resource estimates and a Southern Zone scoping study. Company Reviews David reviews three gold companies: • St Barbara (ASX: SBM): Approximately $0.66/share and $800m market cap, with $500m total liquidity and no debt. Simberi's sulphide expansion is planned to scale output beyond 200,000oz per year on a 100% basis, with St Barbara holding a 40% attributable share. • Tesoro Gold (ASX: TSO): Approximately $1.07/share and $192m market cap. Its 95.4% owned El Zorro project hosts the 1.82Moz Ternera resource at 1.1 g/t gold, with a DFS plus FID targeted for the end of 2026. • Larvotto Resources (ASX: LRV): Approximately $1.32/share and $685m market cap, progressing the Hillgrove gold antimony project near Armidale. Big Hits The team reviews recent exploration results from: • Solstice Minerals (ASX: SLS): 629.1m @ 0.50% Cu and 0.17 g/t Au from surface at Nanadie Well. • Lode Resources (ASX: LDR): 8.2Moz silver equivalent maiden resource at Montezuma plus a new adjacent silver zinc discovery. • Golden Horse Minerals (ASX: GHM): 12m @ 7.29 g/t Au at Hopes Hill. • Adavale Resources (ASX: ADD): 19m @ 4.0 g/t Au at Parkes, outside the current 107,000oz resource envelope. Tigers with Spots This week's Tiger with Spots is BOA Resources (ASX: BOA), which is consolidating the Neds Creek project in Western Australia's Murchison Copper Belt. BOA is acquiring the Thaduna and Green Dragon deposits from Sandfire, which hold a combined 5.3Mt @ 2.3% copper. A 15,000m drilling campaign is underway, with initial Ricci Lee assays expected in September 2026. Watch List Updates include Ioneer (ASX: INR), Carnaby Resources (ASX: CNB), Terra Metals (ASX: TM1), Broken Hill Mines (ASX: BHM), Rumble Resources (ASX: RTR), Hamelin Gold (ASX: HMG), Ballymore Resources (ASX: BMR), Savannah Goldfields (ASX: SVG) plus Somerset Minerals (ASX: SMM). 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.

  ListenShow Notes
• 

  Episode #20

  Cygnet Capital Podcast | Ep 20 | From Discovery to Development (ASX:RTR)

  Aug 12, 202659 minS1

  This week on the Cygnet Capital Podcast, we return to the studio with a focus on commodities, biotech, resource development and recent company activity across the small-cap market. Episode 20 examines the strength across copper, gold and silver, the changing US interest rate backdrop, rare earth supply security plus continued investment across defence and AI infrastructure. We also discuss the importance of balance sheet quality, development visibility and project execution as resources continue to lead the Australian market. The episode also includes a biotech review of Dimerix (ASX: DXB), examining the company’s Phase 3 ACTION3 trial for DMX-200, completion of adult recruitment, existing regional licensing agreements plus the significance of the final Phase 3 efficacy readout. We are also joined by Peter Harold, Managing Director and CEO of Rumble Resources (ASX: RTR), to discuss the Western Queen gold-tungsten project. The conversation covers the newly identified 52.5koz high-grade zone at Western Queen Central grading approximately 11.3 g/t Au, the updated mine plan, permitting, dewatering, financing preparations plus the pathway towards mobilisation. David also reviews Ballymore Resources (ASX: BMR) following a recent site visit to the Torpy’s discovery in North Queensland, alongside Caspin Resources (ASX: CPN) following the Noosa Mining Conference. We also highlight recent drilling and exploration results from Somerset Minerals (ASX: SMM), Brightstar Resources (ASX: BTR), Middle Island Resources (ASX: MDI), White Cliff Minerals (ASX: WCN) and Hamelin Gold (ASX: HMG), alongside updates across the Watch List and portfolio positions. Rivers Race This episode also highlights a cause that is particularly meaningful to us at Cygnet Capital. Previous podcast guest Rob Watkins, Managing Director of Carnaby Resources, recently reached out to us about Rivers Race, a 5km charity run and walk being held along the Swan River in Mosman Park, Perth on 20 September. Rivers Race has been organised in loving memory of Rob’s son, River Watkins. In August last year, shortly before his eighth birthday, River was diagnosed with Diffuse Midline Glioma, also known as DMG or DIPG, an aggressive brain cancer with no effective treatment or cure. Tragically, River passed away less than three weeks after his diagnosis. River’s family has established Rivers Race to honour his life, raise awareness of DMG plus help change the outlook for other children and families faced with the disease. Funds raised through Rivers Race will go directly towards DMG cancer research through the Children’s Cancer Institute. Cygnet Capital will be donating to support Rivers Race. We also encourage anyone who would like to support River’s legacy to consider taking part in the 5km run or walk if they are Perth based, donating or simply sharing the event with others who may wish to contribute. Donate: https://www.ccia.org.au/event/river-watkins/donate Register for the Run / Walk: https://www.ccia.org.au/event/rivers-race-event/home Recorded: 11 August 2026 Commodity Weekly Update Copper, gold and silver, US interest rates, Middle East risk, rare earths, defence spending and AI infrastructure. Armchair Analyst – Read by Jonathan Dimerix (ASX: DXB) Managing Director Interview Rumble Resources (ASX: RTR) Peter Harold, Managing Director and CEO Company Reviews Ballymore Resources (ASX: BMR) Caspin Resources (ASX: CPN) Big Hits Somerset Minerals (ASX: SMM) Brightstar Resources (ASX: BTR) Middle Island Resources (ASX: MDI) White Cliff Minerals (ASX: WCN) Hamelin Gold (ASX: HMG) Tigers with Spots Heavy Rare Earths (ASX: HRE) Watch List Update Ioneer Ltd (ASX: INR) Terra Metals (ASX: TM1) Barton Gold (ASX: BGD) Carnaby Resources (ASX: CNB) Broken Hill Mines (ASX: BHM) Somerset Minerals (ASX: SMM) Rumble Resources (ASX: RTR) Savannah Goldfields (ASX: SVG) BOA Resources (ASX: BOA) Hosted on Acast. See acast.com/privacy for more information.

  ListenShow Notes
• 

  Episode #19

  Cygnet Capital Podcast | Ep 19 | AI, Scarcity & the New Resource Cycle

  Jun 24, 202639 minS1

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

  ListenShow Notes
• 

  Episode #18

  Cygnet Podcast | Ep 18 | Critical Minerals, Tetratherix discussion & Guest Patrick Walta from Broken Hill Mines

  May 28, 202646 minS1

  <p>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.</p><br><p>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.</p><p>The episode also includes an Armchair Analyst deep dive into TTX, exploring its...

  ListenShow Notes

Recent guests on Cygnet Capital Podcast. Study who booked and why before you pitch.

Based on semantic analysis of episode topics and host coverage, this show is a strong guest fit for executives in:

Industry fit is computed by PitchCentric using vector embeddings of the show's episode catalog.