This week on the Cygnet Capital Podcast, we unpack the latest movements across commodity markets, with a focus on energy volatility, precious metals strength and shifting sector dynamics across the ASX.

Episode 15 explores the evolving macro backdrop following recent geopolitical developments, including divergence across commodities, continued strength in gold and copper and near term weakness in energy markets.

The discussion also includes a recap of the Adelaide Rising Stars Conference, Andrew’s deep dive into Central Petroleum and Beetaloo Energy Australia, a special guest segment with Brad Sampson, CEO of Savannah Goldfields, Big Hits highlighting key drilling results, Tigers With Spots focusing on undervalued opportunities with strong rerate potential and an update to the watch list.

In this episode:

00:00:00 – Introduction
Recap of last week’s episode, overview of key themes and introduction of special guest Brad Sampson of Savannah Goldfields.

00:04:03 – Commodity Overview
Energy markets repricing following recent geopolitical developments.
Gold and silver supported by rate expectations and currency movements.
Copper strength signalling ongoing structural demand.
Uranium remaining resilient as a strategic energy asset.

00:07:58 – Central Petroleum (ASX: CTP)
Overview of domestic gas positioning, contracted cash flows and near term production growth.

00:10:16 – Beetaloo Energy Australia (ASX: BTL)
Transition toward first gas, capital raising and pathway to production in 2026.

00:12:05 – David's Adelaide Rising Stars Conference Recap
Key takeaways and observations from the conference.

00:14:52 – Big Hits
Key drilling results and exploration updates across selected companies, highlighting standout intercepts and near term catalysts.

00:14:57 – PolarX (ASX: PXX)
High grade copper drilling extending mineralisation at depth.

00:16:37 – Flynn Gold (ASX: FG1)
Exceptional high grade silver and base metal results confirming historic continuity.

00:17:11 – OD6 Metals (ASX: OD6)
High grade fluorspar channel sampling validating scale and continuity.

00:18:23 – Tigers With Spots
Companies we believe are undervalued relative to their asset base and catalysts, with potential for significant rerating.

00:20:17 – Special Guest: Brad Sampson, Savannah Goldfields (ASX: SVG)
Discussion of Georgetown operations transitioning to steady state production, cash flow generation, Agate Creek as a key catalyst and broader asset optionality.

00:35:24 – Watch List Update
Updates to the hypothetical $10,000 portfolio, where performance above the initial investment is donated to charity by Cygnet Capital on a semi annual basis. This segment reviews portfolio changes, with positions adjusted based on evolving company developments and valuation frameworks.

00:35:26 – Somerset Minerals (ASX: SMM)
00:35:41 – Terra Metals (ASX: TM1)
00:36:51 – Ioneer Ltd (ASX: INR)
00:37:23 – Barton Gold (ASX: BGD)
00:38:13 – Carnaby Resources (ASX: CNB)
00:38:42 – Broken Hill Mines (ASX: BHM)
00:39:39 – Ballymore Resources (ASX: BMR)
00:40:15 – LinQ Minerals Ltd (ASX: LNQ)
00:40:28 – Aureka Limited (ASX: AKA), Savannah Goldfields (ASX: SVG) and Hamelin Gold (ASX: HMG)
00:40:40 – Brad’s Watch List
Key portfolio developments, valuation frameworks and upcoming catalysts across the watch list.

00:42:01 – Wrap-Up
Episode summary and closing remarks.

Recorded: 14 April, 2026

Connect with Cygnet Capital
Website: https://www.cygnetcapital.com.au
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Disclaimer
Information discussed is general in nature and does not constitute personal or financial advice. Past performance is not indicative of future results. Please consider your objectives and circumstances and seek independent advice if required.

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