Baja California, Mexico
- Commodity: Gold
- Resource: 282,000oz
Santa Teresa Project
Comet resources (ASX: CRL)
We provide innovative finance to medium scale mining operations enabling them to initiate or increase production.
Our team has decades of experience in the mining industry, financing, building and operating precious and base metal mines.
We identify high-grade, low-cost development stage gold mining projects to invest in through our innovative streaming and royalty financing.
We make up-front payments to purchase part of their future production at a price below the market price. The mining company receives capital through immediately monetising part of its future production without diluting shareholders.
After the mine is in production Raptor will receive the gold and then sell it for a profit.
Unlike mining companies, Raptor buys gold at a fixed price without having to invest in exploration, development, or operations of the project.
Niche opportunity for Raptor to dominate the medium-scale gold mining industry
Sandstorm and Osisko cover mining companies with 1-5 million ounce gold resources
Three big players dominate the top end of the market - all are highly successful and have market capitalisations of $1-16 billion
A huge opportunity has been created by institutional investors, banks
and larger acquisitive mining companies simply because they deem gold
resources of less than 1 million oz to be too small for investment.
Therefore, many mining operations are unable to find viable funding sources.
We apply a proven business model used by streaming & royalty companies with
multi-billion-dollar market caps like Franco-Nevada and Wheaton Precious Metals.
We select high-grade, low-cost, viable mining projects with gold resources of
100k-1m oz from geographically diverse jurisdictions to create a diversified
portfolio of gold streaming assets - securing gold inflows and liquidity.
Our big opportunity is to cherry-pick from hundreds of medium-scale gold
mining projects seeking capital.
Mining companies prefer streaming & royalty finance because its non-dilutive
to shareholders, so it’s an easy sell and a win-win deal.
A Competent Persons report indicates that a potential recoverable resource of 250,000 ounces of high grade gold is available. The resource is JORC or NI43-101 compliant.
In-depth due diligence by our technical and financial team confirms the resource is economically mineable and legal due diligence confirms it’s legally held within the tenement areas.
US$20 million is required to put the mine into production and will be operational within 2 years. It will take 8 years to recover the 250,000 ounces. Gold is selling for US$1,600 per ounce.
We advance to the company US$20 million, this is secured by the assets of the company.
A 2.5% transaction fee is either deducted or added to the amount advanced, to cover our cost of due diligence.
Once the mine is in production, we have the right to receive every second ounce of gold produced from the first 100,000 ounces i.e. we receive 50,000 ounces of bullion as repayment for the US$20 million advanced to the company.
We have a royalty of 2% to 8% on the remaining gold resource and all agreed extensions.
Investing US$500 million in 25 projects to acquire 1.2 million ounces of gold at 68% discount to gold spot price and ongoing royalties for the life of the projects.
Raptor’s competitive advantage is we understand mining, we look for win-win scenarios that allow the mine to thrive and our non-dilutive form of finance is what mining companies seek
Santa Teresa Project
Comet resources (ASX: CRL)
This project under assessment.
We are carrying out due diligence.
This project under assessment.
We are carrying out due diligence.
Raptor is thorough. Our due diligence process is key to success. We look at all the risks and mitigation before making an investment.
Technical
Geology, Metallurgy and Mine Engineering due diligence is carried out by globally renowned consultants overseen by the experienced Raptor team.
Legal
Raptor select local firms specialising in natural resources, who understand the local law and mining regulations. We ensure full ownership and rights to mine before proceeding.
Political/country risk
Raptor must evaluate political and security risks in each jurisdiction to assess the level of risk, we consult with risk experts before costing (or transferring) the risk.
Environmental risk
Evaluated by specialist consultants
Tax
International firms used for review of offshore holdings and tax exposure
Operating team
Raptor requires successful operating teams, management must have proven track records.
There is a risk of gold prices lowering. In financing projects with tighter margins, we may require mining projects to hedge to guarantee the projected cash flow to keep the operation producing for the duration of the gold stream.
Sell (short) gold futures contracts in the futures market to cover the quantity of gold to be produced for the duration of the stream. Downside to mining operation is if gold price goes up.
When gold prices are above the level in the financial model, buy put options to protect against swings below. Downside is the puts are costly.
Purchasing call and put options with premiums that cancel each other out. This mitigates the risk of gold price decreasing but also caps the profits on the upside.
We work with our bank, commodity traders and consultants to evaluate the appropriate hedging strategy for each project.
In 2018 Paul Ray, Tom Rowcliffe and Paul Brown founded Raptor Capital International with a mission of increasing capital availability for medium-scale mining companies.
Our executive team has worked in public and private mining and exploration companies from early stage exploration through to full scale mining operations. Members of the team has worked on projects in every continent. Members of the team have between 10 to 50 years of industry experience.
Funds will be invested into our UK registered and FCA regulated bond company BondCo. They will lend the funds to our Jersey registered Streaming and Royalty company StreamCo to ultimately be provided to mining companies by way of Stream and Royalty Finance agreements. The ultimate parent company is registered in the British Virgin Islands
Chief Executive Officer
Born in 1949 and educated in Maryborough and Brisbane Queensland until 1967 then in 1969 joined Theiss Bros. (a civil engineering and exploration firm) as a cadet surveyor.
In 1971 joined Placer Exploration and Development Corporation working on exploration projects throughout Australia.
From 1976 to 1978 worked out of Mt Isa North Queensland as a contract surveyor to the civil engineering, exploration and mining industry.
From 1979 to 1984 employed by Amoco Minerals Australia Co. involved in geodetic, geophysical surveys, negotiations, logistics and public relations.
In 1985 became Operations Manager for Dolerite Mining and Exploration Pty. Ltd. which successfully discovered developed and or joint-ventured alluvial and hard rock deposits in Australia and the Pacific region.
From 1989 to present has been active in the exploration industry worldwide and a Director of Public and Private companies in Australia, Canada and the United Kingdom.
Chief Financial Officer
A chartered accountant with experience in mining, oil and gas. A mining industry professional experienced in project evaluation and financial modelling for mines. Tom has held senior positions at fast growing companies such as Trafigura and Endeavour Mining Corporation. Tom’s skills in financial reporting, budgeting and forecasting are complimented by his commercial exposure to refining and offtake agreements; and gold trading. See Tom's Linkedin profile here.
Head of Corporate Development
Principal of an established company administration and accounting services business based in Monaco for multi-party private and public entities.
Head of Technical Services
A process engineer, project manager and mining company director with almost 50 years as minerals industry professional. Paul has exposure to mining operations across Europe, Latin America, China, Southern Africa, South-East Asia and Australia, for a wide variety of commodities and processes. Paul has experience in coordinating the multidisciplinary inputs in metal producing operations across the fields of geology, geotechnics, civil, mining, process, engineering, maintenance, logistics, infrastructure and environmental management. Paul has a depth of experience in project evaluation, with a strong understanding of the cost and value of project inputs, corporate objectives and hence, the value in a business. His global experience in the minerals industry enables him to understand the strategies in diverse technical, political, legal and cultural frameworks and thus, identify weaknesses and opportunities within a project. Paul has held positions within significant mining industry organisations such as Sino Mining, Davy McKee Pacific (now Aker Solutions) and Anglo American.
Technical Services (Metallurgy)
Mr. Scheving graduated with Diplomas of Technology in Mining and Extractive Metallurgy from the British Columbia Institute of Technology. Douglas has worked in senior positions at a number of mining companies and served as General Manager for the Government of British Columbia at an environmental remediation operation.
Douglas has provided management services for both public and private companies as a director, senior officer or consultant for over 48 years. In these positions he has reviewed and evaluated numerous mining projects with a wide variety of minerals and extraction methods.
Head of ESG
A global HR partner with a background in strategic talent management, Eliot has spent more than 10 years providing organisations with focussed people strategies that look to positively impact businesses and their people; from ensuring equal and diverse hiring policies to appraising and remunerating leadership teams in a way that supports stakeholder interests.
Eliot started her consulting career providing relationship management support on major infrastructure projects across Australia with a focus on community engagement. Followed by a move to the UK, Eliot built out her structural human resources knowledge at a top-tier European private equity firm, working in a thought-leading team to implement internal ESG policies and practices. More recently, Eliot has worked on projects between the UK and Australia, auditing human resources functions to ensure best practice structures are in place.
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