Investment Case
Three structural forces converge to make sub-Saharan Africa the world's most compelling mining investment opportunity in the decade ahead.
- 30%+ of world mineral reserves
- 80–90% of platinum group metal
- Major source of lithium, cobalt, nickel, copper, REEs
- Reform-oriented with improved infrastructure
- Early-mover advantage still available
- Record gold prices, new mine development across Africa
- Energy transition driving critical mineral demand
- Copper & lithium surge for EV batteries
- Rare earths for wind turbines and electric motors
- Central bank gold reserve diversification
- Earlier development stage = higher multiples
- Lower entry valuations vs. LatAm & Australia
- DFI co-investment de-risks capital
- AfCFTA improving cross-border trade
- 22%–25% target gross IRR