1.0 Exit Case: Orla Mining Ltd 

Overview:

Orla Mining Ltd (TSX: OLA) is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.

OLA has been a part of the ‘Growth Portfolio’ since 28^th April, 2025, however, considering the recent rally in share price, and ~7.60% upside from the entry price, an ‘Exit’ is recommended from the stock at the price of CAD 15.99, (as on 8 September 2025).

1.1 Support and Resistance Summary as provided in our last published report dated 28^th April, 2025.

 1.2 Orla Mining Ltd (TSX: OLA)

2.0 New Entry Case: Almonty Industries Inc. (TSX: AII)

Overview:  

Almonty Industries Inc. (TSX: AII) is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Its Sangdong Mine in Gangwon Province, South Korea is currently under construction. The Sangdong Mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China. Almonty also has a significant molybdenum resource on a separate property adjacent to the tungsten orebody at the Sangdong Mine. Additional development projects include the Valtreixal Project in northwestern Spain and Los Santos Mine in western Spain.

Technical Analysis: On the daily chart, AII prices are trading on the positive note, above its support level. The 14-period Relative Strength Index (RSI) stands at approximately 56.24, reflecting a positive buying momentum. The key support for stock is at CAD 5.48, while the critical resistance level is at CAD 7.54.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Growth Portfolio’ at the closing market price of CAD 6.39, as on 8 September, 2025.

Almonty Industries Inc. (TSX: AII) has been identified as the new entry to our Growth Portfolio. 

2.1 Support and Resistance Summary (as on 8 September, 2025)

2.2 Almonty Industries Inc. (TSX: AII)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of 8 September 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.