Resources.
ASF invests in Australian resources companies spanning oil and gas to copper and gold. Our approach centres on transforming early-stage opportunities into deliverable projects through joint ventures with major strategic partners.
Discovery and value creation.
ASF focuses on the identification and realisation of early-stage Australian resource opportunities. Through significant shareholdings in resource companies, we are positioned across a diverse commodity base — from oil and gas through to copper, gold, and rare earth elements. Our model is built around supporting companies through exploration and feasibility to the point of project delivery, alongside established international partners.
"ASF has a very diverse commodity asset base across multiple companies such as oil & gas and copper & gold. We have a unique approach to realising the next generation of resources, with a strategic approach of discovery, exploration, and delivery."
Diverse commodity base
Exposure across oil and gas, copper and gold, thermal coal, and rare earth elements through four distinct shareholdings.
JV-led project delivery
Large-scale project realisation is structured through joint ventures with major strategic partners, reducing capital concentration risk.
Bridging Australia to Asian markets
ASF's position between Australian producers and Asian resource consumers underpins the commercial strategy across all holdings.
Diverse resource holdings.
ASF holds strategic interests in the following ASX-listed and unlisted Australian resources companies. Each represents a distinct commodity and geographic exposure within the broader resources portfolio.
ASX: AIV
ActivEX Limited
Queensland, Australia
ActivEX is an ASX-listed mineral exploration company focused on the acquisition, identification, and delineation of quality resource projects through active exploration. Key projects include the Gilberton Gold Project in the Georgetown Province of north Queensland, the Georgetown Gold Project, the Coalstoun copper-gold porphyry project, and the Esk copper-gold project in south-east Queensland. The company also holds an advanced potash project in Western Australia.
Copper & Gold
ASX: KEY
Key Petroleum Limited
Queensland, Australia
Key Petroleum is an ASX-listed oil and gas exploration company focused on unlocking potential across Australia's onshore basins. The company holds exploration permits ATP 920 and ATP 924 in the Cooper–Eromanga Basin in Queensland, located in close proximity to established infrastructure including the Inland Oil Refinery and multiple gas offtake routes. This strategic positioning supports a clear commercial path to near-term production.Â
Oil & Gas