Macquarie Bank

NG Energy International Corp. is an oil and gas company focused on exploring and developing energy resources in Colombia. The company aims to provide clean and sustainable energy solutions by producing oil and gas from its key properties, which include the SN-9 block and the Maria Conchita block, among others. The SN-9 block spans 311,353 acres and is located adjacent to significant energy fields, while the Maria Conchita block covers 32,518 acres in La Guajira. NG Energy's operations are designed to meet the premium energy demands of the Colombian market, leveraging a team with extensive technical expertise and a proven history of value creation in the region. The company generates revenue primarily through the sale of oil and natural gas.

NG Energy International Corp. is an oil and gas company focused on exploring and developing energy resources in Colombia. The company aims to provide clean and sustainable energy solutions by producing oil and gas from its key properties, which include the SN-9 block and the Maria Conchita block, among others. The SN-9 block spans 311,353 acres and is located adjacent to significant energy fields, while the Maria Conchita block covers 32,518 acres in La Guajira. NG Energy's operations are designed to meet the premium energy demands of the Colombian market, leveraging a team with extensive technical expertise and a proven history of value creation in the region. The company generates revenue primarily through the sale of oil and natural gas.

Paladin Energy Limited is a uranium production company headquartered in Subiaco, Australia, with operations in Australia, Canada, and Africa. The company focuses on the development and operation of uranium mines, specifically through its segments in Exploration, Namibia, and Australia. Its flagship asset is the Langer Heinrich mine, situated in the Namib Desert, which has progressively increased its production capacity to 5.2 million pounds of U3O8 per annum. Additionally, Paladin operates the Kayelekera mine in Malawi, which has a design capacity of 3.3 million pounds U3O8 but is currently on care and maintenance due to prolonged downturns in uranium prices. Paladin also holds several other projects, including Mount Isa, Michelin, and Manyingee, and is actively exploring opportunities to extend the life of its existing operations. The company, incorporated in 1993, aims to establish itself as a major player in the uranium mining sector.

MACH Resources is an independent oil and gas production company that specializes in the acquisition, development, and production of oil, natural gas, and natural gas liquids (NGL) reserves. The company primarily operates in the Anadarko Basin, with a significant presence across the midcontinent regions of Oklahoma, Texas, and Kansas. MACH Resources is committed to advancing its oil and gas assets through research and development, thereby creating opportunities for investors, researchers, and employees involved in its operations.

Southern Water Services Limited is a private utility company based in Worthing, United Kingdom, specializing in water supply and wastewater services in the southeast of England. The company provides drinking water to approximately 2.5 million people through an extensive network of 13,870 kilometers of mains, 91 water treatment works, and 188 service reservoirs. Additionally, Southern Water serves around 4.6 million people with wastewater services, treating and recycling 717 million liters of wastewater daily across 365 treatment works, utilizing a network of 3,243 pumping stations and 39,594 kilometers of sewers. The company's water sourcing primarily relies on nearly 70 percent from underground aquifers, supplemented by river and storage reservoir sources. Southern Water also offers property search information services, primarily catering to business customers and property developers. The company was incorporated in 1989 and is a subsidiary of SWS Holdings Limited, owned by Greensands Investments Limited, a consortium consisting of pension and infrastructure funds.

LNG Energy Group is a Vancouver-based company engaged in the exploration, production, and development of natural gas projects in South America, with a particular focus on Colombia. The company has entered into a binding agreement to acquire 100% of LEC, which will enable it to manage several key assets, including the SSJN-1 Block, SSJN-3-1 Block, Perdices Block, VIM-41 Block, and VIM-42 Block. LNG Energy Group aims to establish a diversified energy portfolio by leveraging these assets to enhance its presence in the South American market.

Perseus Mining Limited is an Australia-based gold mining company recognized for its successful exploration activities in West Africa. Established in 2004, Perseus transitioned from exploration to production with the commencement of commercial operations at its Edikan Gold Mine in Ghana in 2012. The company operates three majority-owned mines: Edikan, Sissingué, and Yaouré, producing approximately 510,000 ounces of gold in the fiscal year 2024. The Edikan mine holds significant gold resources, including measured, indicated, and inferred reserves. In addition to its existing operations, Perseus acquired the Meyas Sand gold project in Sudan in 2022 and the Nyanzaga gold project in Tanzania in fiscal 2024, although development at Meyas Sand is currently on hold due to regional instability. Perseus Mining is committed to enhancing shareholder returns through prudent investment strategies and aims to establish itself as a leading multi-mine gold producer in West Africa. The company's management team is experienced and focused on achieving growth through exploration and efficient operations.

Cowal Agriculture is a cropping enterprise based in Emerald, Australia, specializing in irrigated farming. The company cultivates a variety of crops, including cotton, sorghum, cereals, wheat, chickpeas, and mung beans. By employing best practices in resource and personnel management, Cowal Agriculture aims to achieve profitable and sustainable farming operations.

Karora Resources Inc. is a mining company focused on the exploration and production of gold resources in Australia, with a strong portfolio of assets primarily located in Western Australia. The company's key operations include the Beta Hunt Gold Mine and the Higginsville Gold Operations, both of which contribute significantly to its gold production. Additionally, Karora holds an interest in the Spargos Reward Gold Project. Beyond its gold operations, the company has a 28% stake in a nickel joint venture that includes the Dumont Nickel-Cobalt Project in Quebec, Canada. Established in 2006 and headquartered in Toronto, Karora Resources was formerly known as Royal Nickel Corporation before rebranding in June 2020.

Calidus Resources, incorporated in 1986 and based in Perth, Australia, is a gold exploration and mining company. Its primary project is the Warrawoona Gold Project, which spans 550 square kilometers in the East Pilbara district of the Pilbara Goldfields in Western Australia. The company also focuses on the Blue Spec Project and the Otways Prospect. Calidus Resources is involved in gold development and production, utilizing processes such as CIL processing circuits with single-stage crush and SAG mill.

UON Pty Ltd specializes in designing, supplying, installing, and managing remote power and water solutions tailored for the resources and industrial sectors in Australia and the Asia-Pacific region. The company offers a range of power products, including energy motor controllers for dewatering, diesel generators, and remote monitoring solutions, alongside an extensive array of water equipment such as dewatering pontoons, skid pumps, and water management systems. In addition to its product offerings, UON provides support services that encompass monitoring, reporting, operator training, and parts maintenance. Established in 1998 and headquartered in Perth, Australia, UON Pty Ltd was formerly known as Power Proving Services Pty Ltd before rebranding in 2010. The company is recognized as a reliable provider of comprehensive solutions for the mining and resources industry.

Golden Star Resources Ltd. is a gold mining and exploration company primarily operating in Ghana. The company owns and manages the Wassa open-pit and underground gold mines, as well as the Bogoso and Prestea mining operations, all located within the Ashanti Gold Belt. Established in 1992 and headquartered in Toronto, Canada, Golden Star holds a 90% interest in its key mining assets. In addition to its mining operations, the company is engaged in various gold exploration projects in Ghana and Brazil, focusing on enhancing its operational efficiency by transitioning to lower-cost ore sources.

Perseus Mining Limited is an Australia-based gold mining company recognized for its successful exploration activities in West Africa. Established in 2004, Perseus transitioned from exploration to production with the commencement of commercial operations at its Edikan Gold Mine in Ghana in 2012. The company operates three majority-owned mines: Edikan, Sissingué, and Yaouré, producing approximately 510,000 ounces of gold in the fiscal year 2024. The Edikan mine holds significant gold resources, including measured, indicated, and inferred reserves. In addition to its existing operations, Perseus acquired the Meyas Sand gold project in Sudan in 2022 and the Nyanzaga gold project in Tanzania in fiscal 2024, although development at Meyas Sand is currently on hold due to regional instability. Perseus Mining is committed to enhancing shareholder returns through prudent investment strategies and aims to establish itself as a leading multi-mine gold producer in West Africa. The company's management team is experienced and focused on achieving growth through exploration and efficient operations.

Semafo is a Canadian mining company focused on gold production and exploration in Burkina Faso. Established in 1995, the company has successfully commissioned three gold mines in the region, with its primary operations located at the Boungou and Mana sites. The Mana project, which includes the Siou deposit, has become a significant part of Semafo's portfolio, contributing to its status as one of the largest gold mines in Burkina Faso. Semafo is committed to sustainable development, emphasizing community engagement through its non-profit Semafo Foundation, which focuses on education, healthcare, and income-generating initiatives. The company has a strong track record of exploration and resource development across its extensive land position in West Africa, totaling approximately 7,600 square kilometers. With a commitment to ethical practices and operational excellence, Semafo continues to pursue future growth opportunities while maintaining a focus on responsible mining and community welfare.

Dyno Nobel is a leading supplier of industrial explosives and blasting services to the mining, quarrying, seismic and construction industries. Dyno Nobel is the market leader in North America – the largest explosives market in the world – and the second largest supplier in Australia – the third largest explosives market in the world.