|
Tanami Gold (ASX: TAM) (46.3%)
An ASX listed company. The principal business
activity is gold exploration and currently its key project is
50% of the Central Tanami Project.
In May 2021, Tanami Gold entered into a binding
agreement with Northern Star Resources Limited (“Northern Star”) (ASX: NST) to establish a new 50-50 Joint Venture
covering the Central Tanami Gold Project
Joint Venture
(“CTPJV”). On 3 December 2025, MGX reported
that it received approval from the Foreign Investment
Review
Board for an acquisition for Northern
Star’s 50%
interest in
Central Tanami Gold Project Joint Venture, and the transaction
was completed in February 2026.
Metals X (ASX:
MLX)
(23.3%)
An ASX
listed company. Metals X is focused on implementing its life of
mine plan at Renison mine, including the development of the
high-grade Area 5 deposit. In the six months ended 31 December
2025, the Renison mine produced 2,796 tonnes of tin (net 50%
basis), down 10%
year-on-year, as September
quarter mill
throughput was impacted
by
operational downtime
and equipment
failures. However, production rebounded significantly in the
December quarter due to
notably higher grades and recoveries as
plant operations were more stable. Production improved in
December quarter by 46% quarter-on-quarter.
Dragon Mining (HKEX:1712) (24.7%)
The principal activity of Dragon Mining is gold exploration, mining, and processing in the Nordic region. Dragon Mining
operates gold mines and processing facilities in Finland and Sweden. In Finland, the Vammala Production Centre consists
of a onventional 300,000 tonnes per annum crushing, milling and flotation plant, the Jokisivu Gold mine, the Orivesi Gold
mine which ceased production in June 2019, and the Kaapelinkulma Gold mine which ceased production in April 2021, and
the Uunimäki Gold project.
Prodigy Gold (ASX : PRX) (30.7%)
Prodigy Gold is a gold
exploration company listed on the ASX. It holds a large
footprint of exploration tenements in the
Tanami region in the Northern Territory, Australia, and a
JORC (Joint Ore Resources Committee) resource of 1.03
million
ounces across its Hyperion, Tregony, Buccaneer and Old
Pirate projects.
|
APAC
Resources’ Primary Strategic Investments are related to the growing demands from China. Our investment approach is to establish early positions with future winners in global markets and also to invest in cash flow producing assets in the natural resource sector. This in time will provide us off-take opportunities to distribute to China through our Commodity Business. Primary Strategic Investments include MGX (38.4%).