The gold projects we invest in
Near-term, recoverable ounces where geological risk is already largely understood: producing and dormant mines, tailings and surface resources, and artisanal operations that lack a processing route.
What we invest in
Near-term, recoverable ounces
Geological risk already largely understood. We back fast cash generation and early capital recycling, not long-range speculative exploration.
Near-term and producing
- Operating mines that need expansion capital
- Dormant or previously producing mines ready to restart
Brownfield and surface
- Projects with historical workings
- Tailings and surface resources
Capital and processing
- Undercapitalised operations
- Sites that need processing infrastructure or better recovery
Partnerships
- Licence holders looking for an operating and funding partner
- Artisanal and small-scale miners with ore and no processing route
Small and high-grade
High-grade, low-tonnage operations set up for immediate cash yield, usually starting with a single modular plant.
Mid to large scale
Asset developments that need a larger capital injection. At this scale we look for around 2 million tonnes or more of recoverable ore with strong processing economics.
How we structure deals
The structure follows the project: its maturity, risk, capital need, resource confidence and economics. Funding is staged and milestone-based, so capital is protected upfront and incentives stay aligned with partners and local rights holders.