Bull, Bear & Beyond – Ajax Resources: executive interview

01/07/2026

In this interview, Ajax Resources CEO Ippolito Cattaneo discusses Macacha’s anticipated Environmental Impact Assessment approval, Reveille and the company’s Euronext Growth Oslo exchange listing. He also covers recent developments at Pereira Velho and how he intends to maintain Ajax’s rapid growth profile.

Ajax Resources acquires and develops assets with historical production, unexploited reserves and exploration upside. Its flagship asset is the Pereira Velho gold project in Brazil, which it acquired earlier this year from Appian Capital Advisory (one of the world’s largest, specialist mining funds).

Listen on your preferred podcast player below:

About Bull, Bear & Beyond: Each episode features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.

...read more

Ajax Resources – executive interview

30/06/2026

In this interview, Ajax Resources CEO Ippolito Cattaneo discusses Macacha’s anticipated Environmental Impact Assessment approval, Reveille and the company’s Euronext Growth Oslo exchange listing. He also covers recent developments at Pereira Velho and how he intends to maintain Ajax’s rapid growth profile. Ajax Resources acquires and develops assets with historical production, unexploited reserves and exploration upside. Its flagship asset is the Pereira Velho gold project in Brazil, which it acquired earlier this year from Appian Capital Advisory (one of the world’s largest, specialist mining funds).

...watch webcast

Ajax Resources — On the Appian Way to El Dorado

12/05/2026

In what has been a transformative 20 weeks since our last note, Ajax has accelerated its strategic evolution through the advancement of the Pereira Velho transaction – bringing onto its register Appian Capital Advisory, the natural resources-focused private equity group with c US$5bn in assets under management, in what we believe is a uniquely significant endorsement for a UK-listed junior mining company. To our knowledge, Ajax is the only UK-listed junior to have attracted investment participation from Appian, underscoring both the quality of its asset base and management’s strategic credibility. Simultaneously, the company has progressed initiatives to acquire the Macacha (formerly Leon), Paguanta and Minerva projects and invest in newly-incorporated Reveille, while also signalling its intention to monetise Eureka via a combination of cash consideration and a retained life-of-mine royalty. This note updates our valuation of Ajax for all of these developments.

...read more