Special Situation Alert - November 17, 2024

Pantheon Resources (PANR.L PTHRF P3K.F) announced the spudding of the Megrez-1 well to explore the eastern topsets in the Ahpun field. Megrez-1 will target three topset horizons, which the company estimates to contain an aggregate 2U prospective resource of 609 million barrels of oil, condensate and natural gas liquids and 3.3 trillion cubic feet of natural gas. Per the company, there are few, if any, onshore wells targeting what is estimated to be more than 1 billion barrels of oil equivalent of 2U prospective resource anywhere in the world during this year. Initial results from the well will be announced when drilling operations are complete. Pantheon says it was greatly encouraged by the supportive words made by President-elect Trump and the Governor of Alaska last week with respect to their intentions for progressing the proposed Alaska natural gas pipeline, which is Phase 1 of the Alaska LNG project.

Hot Chili (HCH.ASX HCH.V HHLKF CHC1.F) announced that the company has entered into a three-year option agreement to acquire a 100% interest in the historical La Verde open pit copper mine, which lies approximately 30 kilometres south of the company’s Costa Fuego copper-gold project planned central processing hub in the coastal range of the Atacama region, Chile. La Verde comprises significant historical open pit workings, where shallow porphyry copper oxide mineralisation was previously exploited by private interests across a strike extent of approximately 800 metres, widths of up to 200 metres and depths of up to 15 metres. Historical drilling was limited to the surrounding leases, with little to no drilling undertaken across the mine area. Importantly, says the company, La Verde sits in the centre of Hot Chili’s recently consolidated and larger Domeyko landholding, secured in an option agreement in April 2024. The execution of the La Verde option agreement marks the first time that the entire La Verde porphyry system has been consolidated and controlled by a single party, allowing for drill testing across a potentially much larger porphyry copper deposit footprint, measuring approximately 1.4 kilometres by 1.2 kilometres. The company has undertaken several exploration programs across the Domeyko region since April of this year. These programs were extended over the La Verde copper mine area as part of the company’s due diligence process prior to the option agreement execution. Hot Chili commenced a first-pass drill program at La Verde comprising eleven RC drill holes for approximately 4,000 metres on 30 October 2024 with one drill rig in operation. Two drill holes for 800 metres are already complete, confirming wide intersections of porphyry-style copper mineralisation in both holes based on visual logging, with assay results pending. The company says it is well positioned with A$25.7 million in cash.

When Beyoncé Gets Paid, So Could You

Streaming platforms pay billions in royalties.

JKBX (pronounced “Jukebox”) opens the door to invest in royalty shares of iconic songs, earning quarterly distributions tied to their performance.

This isn’t about fanfare—it’s about diversification. Music royalties offer a potential income stream tied to one thing people never stop doing: pressing play.

Build Your Portfolio with Music

Visit www.jkbx.com/legal/offering-circulars for important Reg A disclosures. This content is not investment advice, nor is it an offer of securities. All investments involve risk and may result in loss.

These are opinions only of the individual author. The contents of this piece do not contain investment advice and the information provided is for educational purposes only and no discussions constitute an offer to sell or the solicitation of an offer to buy any securities of any company. All content is purely subjective and you should do your own due diligence. No representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in the piece is made. Any assumptions, opinions and estimates expressed in the piece constitute judgments of the author as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions and there can be no guarantee that any projected outcomes will be achieved. No liability is accepted for any direct, consequential or other loss arising from reliance on the contents of this piece. The author is not acting as your financial, legal, accounting, tax or other adviser or in any fiduciary capacity.