Zeta Resources Limited was established in 2012, and is a Australian Stock Exchange listed resource-focused investment holding and development company. Zeta invests in a range of resource entities, including those focused on nickel, gold, copper, oil & gas, bauxite and graphite and base metals exploration and production.
Zeta has shareholders’ funds of approximately A$150 million, and it invests in listed and unlisted companies, with both minority and controlling shareholdings. Generally, Zeta is the largest shareholder in their investee companies, and frequently has board representation.
Zeta is managed by ICM Limited (“ICM”), a Bermuda-based global fund manager and corporate finance adviser which manages over US$20 billion in funds, directly and indirectly, in a range of mandates. ICM is a long-term investor that focuses on having a deep understanding of the business fundamentals of each investment and its environment versus its economic value.
Zeta’s investments include:
Zeta's aim is to maximise total returns for shareholders by identifying and investing in assets and companies where the underlying value may not be reflected in the market price. The company invests in a range of resources entities, including those focused on nickel, gold, copper, oil & gas, bauxite, graphite and base metals exploration and production.
The Directors are responsible for the determination of the company's investment policy and have overall responsibility for the company's day-to-day activities. Zeta has entered into an investment management agreement with ICM Limited, under which ICM provides investment management services including stock selection, portfolio monitoring and research to the company.
Zeta intends to have a mid to long term investment horizon and does not expect to be trading its positions on a frequent basis. Zeta will also work with its investee companies to seek to maximise their value and may make follow-on investments into these companies or increase investment through market purchases as appropriate.
Zeta may acquire majority or minority positions in its target investments. Zeta seeks opportunities which will maximise its ability to contribute as a proactive investor, with a view to actively extracting value for both its own investors and investors in the underlying investee companies. This proactive approach may include taking strategic or full ownership positions in companies, bringing about management change and encouraging strategies to maximise shareholder value and return. Zeta is equally comfortable with owning portfolio investments.
Zeta was listed on the ASX on 12 June 2013. The company invests in resources globally, in both listed and unlisted entities, and is advised by its investment manager, ICM Limited. Zeta was incorporated under the Bermuda Companies Act on 13 August 2012.