Producing mines, and the ground that has not been opened yet.
Assets sit somewhere on a curve, from ground nobody has opened to a mine already selling into a contract. Where an asset sits decides what you are buying, what it costs and how long you wait.
Chrome, gold, PGM and diamond.
Our operational focus sits where South Africa's resource is deepest: the Bushveld Complex for chrome and the platinum group metals, and the gold and diamond ground that has been worked here for over a century.
Where the asset sits decides what you are buying.
Operational through to greenfield is not a scale of good to bad. It is a scale of how much of the work is already done, and how much of it you are paying to do.
Operational
A mine that is already producing.
What you are buying
Revenue from the first month, an operating history you can examine rather than model, and a plant you can walk through before you commit.
Where the risk sits
The operation itself: grade, cost per tonne, the state of the equipment and the people running it.
What we check first
- Production history and grades on record
- Plant and fleet inspected, not just described
- Offtake and logistics already running
- Owner's intention confirmed before anything is presented
Brownfield
A mine that has run before and stopped.
What you are buying
Infrastructure that already exists and a resource that has already been drilled, which together make the path back to production much shorter than starting over.
Where the risk sits
Why it stopped. There is always a reason, and it is usually the geology, the money or the licence.
Development
Ground that is proven but not yet built.
What you are buying
A defined resource with the technical studies done, waiting on capital and construction rather than on discovery.
Where the risk sits
Capital and time. The resource is not the question here; the build schedule and the final cost are.
Greenfield
Ground with potential and little else on it yet.
What you are buying
Exploration upside, with resource definition and licence conversion still ahead of you. The largest of the four positions and the longest one.
Where the risk sits
All of it. Some greenfield ground never becomes a mine, and anyone telling you otherwise is selling.
What we check first
- Mining right or prospecting right in place
- Resource work done and reviewable
- Water use licence and environmental authorisation checked
- Rehabilitation provision costed into the model
Where something has not been verified, we say so.
What we are working on.
Current mandates are shared on request.
Most of the assets we represent are under active negotiation, and naming them publicly would not serve the owner or the buyer. Tell us what you are looking for and we will put the opportunities that actually fit in front of you directly.
Request current mandatesThe information on this website is provided for general information and discussion purposes only. It does not constitute an offer to the public, an invitation to invest, or financial, legal or investment advice. Any investment in a mining asset carries risk, including the risk of total loss of capital. Prospective investors should obtain their own independent advice and conduct their own due diligence before committing to any transaction.
Looking for an asset, or holding one?
We work with investors looking for entry and with owners looking for a buyer, a partner or a way out. Both conversations start the same way.