RCF Jolimont Innovation

Investing in Mining Innovation

About Us

RCF Jolimont Innovation invests in high growth mining equipment, technology and services (METS) companies. The METS sector presents investment opportunities, magnified during periods of volatile commodity prices and/or high operating costs. Mining companies rely increasingly on METS companies to provide incremental as well as step-change solutions to improve productivity and lower costs.

We have an experienced senior executive team with extensive commercial experience in mining, technology, private equity, and finance. The team has a track record of success in commercializing new technologies having made 41 investments in technology companies since 2003.

RCF Jolimont Mining Innovation Logo

Investing in Innovation

We are at the forefront of emerging technologies and ideas in the mining sector. We are continually scanning and evaluating mining technology products and services from around the world and have extensive relationships with leading research institutions and universities globally.

We have met with and reviewed over 975 companies in locations indicated on the heat map below. These are assessed on how well and how quickly they can deliver productivity improvements and bring significant solutions for mining companies. The end result is to make life safer and easier for front-line operational managers and teams while adding value to the operation.

The RCF Jolimont Innovation team brings its industry knowledge, operational experience, and extensive networks to create value in portfolio companies. We provide much more than capital.


Lyle Bruce

RCF Jolimont Innovation


Partner, Head of Jolimont Innovation

Lyle joined RCF in 2019. Lyle has 35 years experience in the mining and processing industry, mostly related to technology commercialization and implementation. Prior to joining RCF Jolimont, he was CEO of GroundProbe, taking the company from university research to commercial success as the world leader in mine slope stability monitoring. Lyle has previously held roles with Mount Isa Mines and Rio Tinto. He was EY’s Australian Entrepreneur of the Year in 2006.

Charles Gillies

RCF Jolimont Innovation



Charles joined RCF in 2019. Charles has 20 years Private Equity experience working with management teams on financing, restructuring and marketing. He has made 38 technology investments. Prior to RCF he co-founded Jolimont Capital where he worked from 2003 to 2012. Prior roles include membership of Investment Committees, consulting, marketing and corporate advisory.

Lex McArthur

RCF Jolimont Innovation



Lex joined RCF in 2019. Lex has 20 years of private equity experience and has made 38 technology investments. Prior to RCF he co-founded Jolimont Capital where he worked from 2003 to 2012. Prior roles include Founder and CEO of ADI, a technology seed investor, and CEO of Emerge CMC, a joint venture between Oracle, NEC, Telstra and, four major universities. His mining industry experience includes time as a Mining Engineer at Mt Isa in Queensland, Australia.


Latest Announcements

10 March, 2021Real Time InstrumentsRCF Jolimont II invests in Real Time Instruments to propel growth.

Former Investments