Investment
Strategy

– Predominantly focused on sub-Saharan Africa, in politically stable countries with reliable mining regulatory framework and title laws
– Seek relatively de-risked brownfield projects with a resource
– Unlock value from assets where historical technical and legal problems, and/or lack of funding, have depressed the value and prevented development
– Invest in minerals with a robust market ( i.e. with a large array of applications and a balanced demand/supply outlook) rather than opportunistically riding the commodity prices
– Projects with the potential to become world-class deposits positioned in the lowest cost quartile
– Phased investment approach, linking capital deployment to critical de-risking milestones
– Actively involved in portfolio companies