Opportunities

An unconstrained approach to capturing opportunities across the mining sector investing in exploration, scoping and pre-feasibility studies, and strategic opportunities

Overview

The RCF Opportunities strategy rests on the belief that meeting the planet’s surging demand for metals, driven by technological innovation, changing demographics, and global electrification and decarbonization objectives, relies on new discoveries and project advancement. To offset the natural risks of early-stage exploration, RCF Opportunities pursues a diversified and relatively unconstrained approach that seeks to lower volatility, flatten the j-curve, and generate realizations during and after the Fund’s investment period.

Investment Highlights

broadest investible universe in mining

1. Broadest investible universe

  • Private and directly negotiated public transactions 
  • Junior to mid-capitalization mining companies 
  • Investing across the project development spectrum with broad commodity exposure
market leading performance mining investment icon

2. History of market-leading performance

  • Key drivers of returns are resource quality, commodity selection, and industry relationships
  • Nimble approach with real-time decision-making to maximize exit realizations and planned for liquidity
  • Solid track record of investing and harvesting resulting in out-performance of private and public benchmark
mining technical and investment experience icon

3. Vast in-house technical and investment experience

  • Harnessing entire RCF institutional platform with a nimble, fit-for-purpose approach
  • Combining top-down commodities expertise with bottom-up technical capabilities
  • Multi-disciplinary in-house platform of global mining investment specialists, including the areas of ESG, technical, commodity strategy, HR, commercialization and legal

Meet the Team

Russ Cranswick RCF Opportunities
Russ Cranswick

Denver

Head of Fund & IC Chair

Joe Bishop RCF Opportunities
Joe Bishop

Perth

Principal

Rhys Diermajer RCF Opportunities
Rhys Diermajer

Perth

Senior Associate

Kassandra Del Grego RCF Opportunities
Kassandra Del Greco

Denver

Senior Associate

Phil Martin RCF Opportunities
Phil Martin

Denver

Associate

Investment Approach

Combines top-down commodities expertise with bottom-up technical expertise.

ExplorationResource DefinitionScoping StudyPrefeasibilityFeasibility StudyPermitting / FinancingConstructionOperatingDERISKINGDraw from deep, inhouse technical benchLarge, core positionsEXPLORATIONOffers greatest potential value creationNumerous smaller positionsSTRATEGICOpportunisticMedium to large positionsROYALTIESPrivately negotiated, offer longterm upside

Portfolio

RCF Opportunities Fund I Portfolio demonstrates the team’s “go-anywhere” approach investing in a diverse set of commodities and mining projects across the globe. 

Click the map markers and legend to learn more about different commodity investments.

Disclaimer

RCF Management LLC (“RCFM”, together with its affiliates, “RCF”) believes the selected case studies should be considered as a reflection of RCF’s investment process and references to a particular portfolio company should not be considered a recommendation of any particular security, investment, or portfolio company. The information provided about these portfolio companies is intended to be illustrative and is not intended to be used as an indication of the current or future performance of RCF’s portfolio companies. For the specific case studies discussed herein, Arizona Sonoran Copper Company Inc., 4B Mining Corporation, and Leichhardt Industrials Group Pty Ltd. were selected as three royalty portfolios out of five royalty investments within RCF Opportunities Fund I L.P. measured by invested capital.

There can be no assurance that the operations and/or processes of the portfolio company as described herein will continue and such processes and operations may change, even materially. The actual investment process used for any or all of RCF’s investments may differ materially from the process described herein. It should not be assumed that investments made in the future will be comparable in quality or performance to the investments described herein. Certain information was provided by third parties and certain statements reflect RCF’s beliefs as of June 30, 2022 based on prior experience and certain assumptions that RCF believes are reasonable but may prove to be incorrect. The information provided in these case studies is for informational purposes only and may not be relied on in any manner as advice or as an offer to sell or a solicitation of an offer to buy interests in any fund managed by RCF or its affiliates. 

Past performance is not necessarily indicative of future results. There can be no assurance that the operations and/or processes of the portfolio companies as described herein will continue, and such processes and operations may change, even materially. The actual investment process used for any or all of RCF’s investments may differ materially from the process described herein.

Investing involves risk, including possible loss of principal.