African Pioneer Plc (LSE: AFP)

African Pioneer Plc (APP's) principal business is to explore opportunities within the natural resources sector in Sub-Saharan Africa with a focus on base and precious metals including but not limited to copper, nickel, lead and zinc. APP shares comprising 189,459,550 ordinary shares of zero par value each in the capital of the company (“Ordinary Shares”) were admitted to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange on 1 June 2021. Tiger’s current holding in APP is 8,810,056 Ordinary Shares representing a 4.65% interest in APP following Admission.

Bezant Resources Plc (AIM – BZT: LN)

Bezant Resources Plc (“Bezant”) is a mineral exploration and development company quoted on AIM with base metal projects in Argentina and the Philippines. Bezant recently announced the results of an independent study assessing the optimisation of potential future mine development for its Mankayan copper-gold project, located on the Island of Luzon in the Philippines. The Mining Plus study identified and assessed a number of high-level alternative mining options for the Mankayan project and also substantially improved the underlying economics of the proposed operations. The options considered were designed with the objective of improving production processes, determining pathways with reduced total start-up cost, identifying further potential value from the project. The board of Bezant remains confident that the project lends itself to potential future development by medium size mining companies, as well as the majors, seeking to secure a long-term source of physical copper and gold

Block Energy Plc (AIM – BLOE: LN)

Block Energy Plc (“Block Energy”) is an AIM-listed exploration and production company which has a strategy of applying innovative technology to realise the full potential of previously discovered fields in Georgia. In November 2020, Block Energy concluded a sale and purchase agreement with Schlumberger to acquire its subsidiary Schlumberger Rustaveli Company Limited (SRCL) representing a major milestone towards its objective of becoming the leading independent oil and gas producer in Georgia. Recent production results demonstrate that the company is delivering operationally, which combined with improved commodity prices, is producing robust financial result. This gives Block Energy a strong platform to deliver on the inherent value of its assets and monetise the wider reserves and resources within the company’s portfolio.

Caerus Mineral Resources Plc ((LSE: CMRS))

Caerus Mineral Resources Plc (“Caerus”) is a European-focused exploration and development company targeting mineral resources to supply the global Clean Energy Transition whose shares were admitted to the main market of the London Stock Exchange under the Standard Segment of the Official List on 19 March 2021. The company was established to target Mineral Resources in Europe in response to the transition and drive towards Clean Energy economies globally with the current focus being on copper-gold opportunities in Cyprus, a region with a long mining history and significant untapped value. Caerus recently announced the results of an independent Initial Mineral Resource Estimate in accordance with JORC (2012) in respect of the Troulli Cu-Au project ("Troulli""). This resource estimate has been prepared by Addison Mining Services Limited and at a selected cut-off grade of 0.5% Cu comprises of a hard rock resource estimate of approximately 2.7 million tonnes at a Cu equivalent grade of 0.74% CuEq (0.51% Cu and 0.26 g/t Au). The company plans to focus on a number of priorities including the upgrading and expansion of this mineral resource, completion of metallurgical test work, environmental baseline studies and the Environmental and Social Impact Assessment, continuing development of a mine plan and submission of a Mining Licence application.

Corallian Energy Limited

Corallian Energy Limited (“Corallian”) is a private UK oil and gas exploration and appraisal company. The Company holds interests in 4 basins in the UK; West of Shetland, Central Graben, Inner Moray Firth and Viking Graben. A proportion of the Corallian investment has been exchanged in 2021 for a direct equity interest in Reabold Resources plc, an AIM listed investment company.

Galileo Resources Plc (AIM – GLR – LN)

Galileo Resources Plc (“Galileo”) is an AIM quoted natural resource exploration company specializing in the acquisition and development of base metal projects with a focus on copper. The company announced on 30 December 2021 that it has entered into a Joint Venture Agreement with Statunga Investments Limited covering the Luansobe Copper Project, Zambia comprising of a small-scale exploration Licence. Galileo has appointed consultants Addison Mining Services who are currently progressing with modelling the historic drill data at Luansobe which comprises of drill data for 154 holes (drilled in the period 1921 to 2007). Two concurrent development options are being considered by Galileo for this project including the potential for a small open pit mine of circa 3 - 5 million tonnes to exploit the up-dip portion of the copper deposit in the northwest of the licence area as well as the prospect for a larger mine by developing the resource down-dip and along strike to the southeast where drill data is more limited. More recently, the company has entered into an assignment agreement which assigned an option to Galileo to acquire a 51% interest in B.C. Ventures Limited which is the owner of the highly prospective lithium Kamativi Project in Southwest Zimbabwe and two gold licenses close to Bulawayo owned through its wholly owned Zimbabwe subsidiary Sinamatella Investments (Private) Limited.

GoldQuest Mining Corp. (GQC: TSX-V)

GoldQuest Mining Corp. (GQC: TSX-V) is a Canadian based exploration and development company focused on gold and copper in the Dominican Republic. With a Board and Management Team that have previously developed a mine still operating in the Dominican Republic, the Company is focused on developing its 100% owned Romero Project, and further exploring its Tireo Property.

Jubilee Metals Group Plc (AIM – JPL)

Jubilee Metals Group Plc (“Jubilee”) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. Jubilee’s shares are traded on the AIM Market of the London Stock Exchange (JLP) and the South African Alt-X of JSE Limited (JBL). The company’s business model focuses on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. Effectively, whilst extracting maximum financial returns from its operations, Jubilee responsibly rehabilitates environments scarred by the surface footprint of historical mining operations and solving air and water pollution issues associated with those installations. The company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals (‘PGMs’), chrome, lead, zinc, vanadium, copper and cobalt.

Kendrick Resources Plc (formally BMR Group Plc)

The shares of Kendrick Resources Plc (“Kendrick”) were suspended at the company’s request on 7 February 2018 and subsequently de-listed in August 2018. This investment is currently carried at zero valuation. Kendrick has since entered into assignment agreements to acquire Pursuit Minerals Limited’s (“Pursuit”) interests in the following Projects:

  1. the Koitelainen, Karhujupukka North and Karhujupukka South projects in Finland;
  2. the Airijoki, Kullberget, Sumassjon, Kramsta and Simesvallen projects in Sweden; and
  3. the Hosanger, Espedalen and Sigdal projects in Norway, (together, the “Nordic Projects”).

The Nordic Projects comprise vanadium projects in Sweden and Finland which are owned by Pursuit consist of well drilled tonnages of vanadium ore, estimated at approximately 160 million tonnes. The Norwegian projects are for nickel and are under an option agreement with Eurasian Minerals Sweden AB and have been partially explored with reconnaissance programmes indicating the potential for strike extension. Kendrick is now focussed on completing a listing on the standard segment of the LSE with the Nordic Projects as its primary assets and is looking to raise funds at the time of the listing to support exploration of the Nordic Projects and the company’s ongoing working capital requirements.