OUR INVESTMENTS

The analytical basis of our investments

Explore our investments and the rationale behind each one. This page is frequently updated with our latest investments. We apply our rigorous methodology and stringent selection criteria to every investment opportunity.

Adelong Gold

ASX: ADG

Adelong Gold is a gold–antimony explorer and near-term producer with assets located in Victoria and New South Wales, Australia. The company’s flagship Challenger Gold Mine, situated near Adelong in southern NSW, is an advanced project with established infrastructure and positioned for early recommencement of production.

Adelong Gold has recently entered into a strategic partnership with Nova Minerals Limited, aimed at securing future antimony offtake arrangements and the potential introduction of a North American antimony asset. Nova Minerals, through its Estelle Project in Alaska, was recently awarded a US $43.4 million grant from the United States Department of Defense to advance a secure North American antimony supply chain-positioning.

Logo at4

ASX: AT4/TMG

Emerging critical-minerals company strategically positioned to reduce Western dependence on Chinese Antimony supply. The company is advancing a suite of high-value Antimony and Tungsten projects located in the United States and Australia, commodities that are both essential to defence, energy, and advanced technology applications.

In Australia, Trigg holds the Wild Cattle Creek Project in New South Wales – recognised as Australia’s highest-grade undeveloped JORC-compliant Antimony resource. In the United States, its flagship Antimony Canyon Project in Utah represents the largest and highest-grade Antimony exploration target in the country, offering a pathway toward establishing a secure domestic Antimony supply chain.

AuKing Mining

ASX: AKN

AuKing Mining is an explorer focused on copper, uranium and other critical minerals across Australia and international jurisdictions. The company aims to advance and monetise high-potential projects while building a diversified portfolio of metals important for global energy security and electrification.

Its key asset is the Koongie Park copper-zinc project in the Halls Creek region of Western Australia, which hosts several deposits including Onedin, Sandiego and Emull. AuKing also holds uranium exploration projects in Tanzania and continues to evaluate additional opportunities to expand its pipeline of development assets.

Liberty Metals Logo

ASX: LIB

Liberty Metals is an mineral exploration company focused on building a portfolio of titanium, heavy mineral sands and rare earth projects in Brazil. The company’s strategy is centred on securing prospective ground in established mineral provinces and advancing projects through exploration to define resource potential.

Its portfolio includes the Paraíba Rutile and Monazite Project, the Rio Grande Heavy Mineral Sands Project and the Alcobaça Heavy Mineral Sands and Rare Earths Project, providing exposure to commodities linked to industrial growth, electrification and critical mineral supply chains.

Stock Performance

An overview of the performance of stocks within our active portfolio.

Stock Date Call price Last price Commodity Highest point Performance from call price
TMG/AT4 20/09/2024 0.02 0.12 Antimony + Gold 0.23 (+1050%) +500%
ADG 13/02/2025 0.006 0.008 Antimony + Gold 0.019 (+217%)
+33%
LIB 02/09/2025 0.001 0.004 HMS (Rutile) + Rare Earths 0.005 (+400%) +300%
AKN 03/02/2026 0.0035 0.012 Tin + Uranium + Copper/Zinc 0.014 (+300%)
+243%

Our methodology, the rationale behind our investments

Our analysts apply our investment methodology when assessing prospective investments. The vetting process is thorough and comprehensive.

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