Boutique, Independent Corporate Advisor to the Natural Resources Sector

Specialist Capabilities and Deep Experience in Natural Resources

Our advice is underpinned by a deep understanding of the natural resources sector developed over the last 25 years across multiple commodity cycles and draws on experience on a significant number of transactions and long-term client relationships built on a foundation of mutual trust and respect

Metals and Minerals

  • Base and Precious Metals
  • Bulk Commodities
  • Industrial Metals
  • Technology Metals
  • Mineral Sands & Uranium

Oil & Gas

  • Conventional Oil
  • Natural Gas
  • Shale Oil
  • Coal Seam Gas

Utilities and Infrastructure

  • Pipelines
  • Power Generation
  • Railways
  • Ports

Mining Services

  • Contract Mining & Drilling
  • Engineering & Consulting
  • Equipment & Consumables
  • Transport & Logistics

Trusted Advice, Innovative Solutions

The Treadstone team has a deep knowledge of the natural resources sector and we work with clients across every stage of the commodity and business lifecycle and gain a deep understanding of their corporate and financing strategies to provide commercial judgment and innovative solutions.

Corporate Advisory

  • Corporate Mergers
  • Takeovers
  • Schemes of Arrangement
  • Acquisitions
  • Divestitures and Spin-Offs
  • Joint Ventures
  • Strategic Alliances
  • Privatisations
  • Private Equity
  • Management Buy-Outs
  • Strategic Reviews
  • Organisational Restructures

Funding and Capital Management

  • Acquisition Financing
  • Project and Corporate Finance
  • Bonds and Public Offerings
  • Convertibles and Hybrids
  • Streaming and Offtake Financing
  • Special Situations and Mezzanine
  • Initial Public Offerings
  • Rights Issues, Placements and SPPs
  • Buybacks and Dividend Recapitalisations
  • Selldowns / Block trades
  • Capital Structure Analysis
  • Refinancing and Restructuring

Our Experience

Treadstone Resource Partners has acted as trusted corporate adviser to a range of high quality clients in the natural resources sector and established a track record of successfully executing across a broad spectrum of corporate and financing transactions.

Divestment of the Stockman Project to

Placement & ANREO

Gruyere Joint Venture with

Acquisition of coal assets from

Acquisition of

Divestment of Pajingo Gold Mine to

Placement & ANREO

Strategic Equity Placement

Placement & ANREO

Restructuring of Debt Facilities with

Placement & ANREO

Acquisition Debt Financing

Acquisition of and Demerger of

Acquisition of Mount Gordon from

Placement & SPP

Placement

Value : A$47 million
Date : June 2017(announced)
Independence Group entered into an agreement with CopperChem, a wholly-owned subsidiary of Washington H. Soul Pattinson and Company Limited, for the divestment of the Stockman Project
Value : A$110 million
Date : February 2017
Dacian Gold completed a A$110 million equity raising comprising an institutional placement and accelerated, non-renounceable entitlement offer (ANREO)
Value : A$350 million
Date : December 2016
Gold Road entered into a 50:50 joint venture with Gold Fields for the development of the Gruyere Gold Project
Value : NZ$96 million
Date : November 2016 (announced)
Bathurst Resources, in a joint venture with Talley’s Energy, acquired coal mining assets in New Zealand from Solid Energy
Value : A$21 million
Date : November 2016
Independence Group acquired Windward Resources via an off-market takeover transaction
Value : A $52 million
Date : September 2016
Evolution Mining divested the Pajingo Gold Mine to Minjar Gold
Value : A$74 million
Date : May 2016
Gold Road raised A$74 million via a placement and accelerated, non-renounceable entitlement offer
Value : A$1.5 million
Date : May 2016
Independence Group subscribed for shares in ABM Resources in accordance with the Lake Mackay Joint Venture
Value : US$25 million
Date : December 2015
Tiger Resources raised US$25m via a placement and accelerated, non-renounceable entitlement offer supported by RCF and IFC
Value : A$140 million
Date : November 2015
Aurelia Metals refinanced and restructured the terms of its debt facilities with Glencore
Value : A$25 million
Date : November 2015
Dacian Gold raised A$25 million via a placement and accelerated, non-renounceable entitlement offer
Value : A$550 million
Date : November 2015
Independence Group secured a new A$550 million corporate debt facility to finance the acquisition of Sirius Resources
Value : A$1.8 billion
Date : September 2015
Independence Group acquired Sirius Resources and completed a demerger of S2 Resources via Schemes of Arrangement
Value : A$55 million
Date : September 2015
Lighthouse Minerals and EMR Capital acquired the Mt Gordon Copper Operations from Aditya Birla
Value : A$40 million
Date : June 2016
Gold Road raised A$40 million via a placement and share purchase plan
Value : A$23 million
Date : September 2014
Gold Road raised A$23 million via a placement

Our team

Our team draws on our extensive corporate advisory, structuring and transactional experience and global relationships developed across a wide range of corporates, executives, and investors in the natural resources sector over the last 25 years for the maximum benefit of our clients.

Ross King

Ross has extensive experience in all aspects of corporate finance, particularly in mergers and acquisitions and equity funding. He spent 23 years at Goldman Sachs working in the New York, London, Melbourne and Sydney offices, with a range of senior roles including:

  • 2002 – 2012: Chairman Financing Group, Managing Director and Head of Natural Resources, Australia and New Zealand
  • 1996 – 2001: Partner, Executive Director Research Sales – New York
  • 1993 – 1995: Partner, Executive Director Research Sales – London
  • 1990 – 1992: Director, Research Division – Melbourne

Over his accomplished career Ross has advised on numerous landmark transactions in the Australian M&A landscape, and his deep experience in investment banking gives him a reputation for sound commercial judgment and absolute integrity with his clients.
Ross completed a Bachelor of Science (Honours) and MBA at the University of Cape Town and received a Graduate Diploma in Engineering from the
University of Witwatersrand.
Key natural resources transactions which Ross has advised, arranged or executed include:

  • Gold Road’s joint venture with Gold Fields for the Gruyere Gold Project
  • Independence Group’s acquisition of Sirius Resources ($1.8bn) and Windward Resources ($20m)
  • Divestment of Pajingo Gold Mine by Evolution Mining to Minjar Gold
  • Merger of Whitehaven Coal and Aston Resources
  • Equinox Minerals defence of takeover offer from Barrick Gold
  • Avoca Resources merger with Anatolia Mining
  • Conquest on its merger with Catalpa and asset acquisition from Newcrest to form Evolution Mining
  • Dominion Mining merger with Kingsgate
  • Anglo American on the sale of coal exploration assets
  • Sino Gold Mining on sale to Eldorado Gold Corp
  • PNG Government sale of 17.6% shareholding in Oil Search to IPIC
  • Sale of Coogee Resources to PTTEP
  • AWE merger with Arc Energy
  • Equity financings for Sandfire Resources, Gold Road Resources, Dacian Gold, Tiger Resources, Alumina, SinoGold, Resource Pacific, Newcrest Mining, Lihir Gold and Pan Australian Resources
  • Initial public offerings for Aston Resources and Nyrstar

Sean Hogan

Sean is an experienced senior executive with a broad background in investment banking, merchant banking & investing, capital markets and treasury. Much of this experience was gained at Goldman Sachs in Australia where he spent 10 years and held a number of senior positions, including:

  • Managing Director, Head of the Principal Investment Area (PIA) in Australia and New Zealand
  • Managing Director, Head of Capital Products Group

PIA managed approximately A$1bn of Goldman Sach’s investable capital. Prior to his time in PIA Sean had extensive experienc at Goldman within the Financing Group, co-leading the firm’s efforts in the Capital Products business, which incorporates Goldman Sachs’ Australian debt capital markets, structured financing, leveraged finance and equity linked business. In this capacity Sean lead or was a key advisor on some of Australia’s most prominent financing transactions. During this time he developed a reputation for leadership, innovation, delivery and integrity.

Prior to joining Goldman Sachs in 2002, Sean was Head of Structured Finance and Securitisation at SG Australia and previously held positions with Westpac Banking Corporation in Treasury and Institutional Banking.

Sean commenced a career in finance with Citibank in 1992, prior to which he was an officer in the Royal Australian Navy. Sean completed a BA at the University of New South Wales.

Key natural resources transactions which Sean has advised, arranged or executed include:

  • Bathurst Resources acquisition of of coal assets from Solid Energy ($95m)
  • Independence Group acquisition of Sirius Resources ($1.8bn)
  • Acquisition financing of Independence Group’s merger with Sirius Resources ($550m)
  • Lighthouse Minerals and EMR Capital acquisition of Mt Gordon ($55m)
  • Refinancing and restructuring of Aurelia Metals senior debt and convertible note facilities with Glencore ($140m)
  • PNG Government sale of 17.6% shareholding in Oil Search to IPIC ($1.7bn)
  • Nexus Energy $110m Unsecured Subordinated Notes & Warrants
  • Restructuring and exit of TTPE’s investment in AJ Lucas
  • Apex Minerals Senior Secured Notes, Gold Upside Participation Notes and Warrents
  • Boart Longyear restructure and recapitalisation $756m

Warwick Amos

Warwick joined Treadstone Resource Partners in 2014 and has extensive experience in investment banking, particularly in mergers and acquisitions, equity and debt capital markets, and principal investment transactions.

Prior to joining Treadstone Resource Partners, Warwick worked at Macquarie Capital in the Sydney and Singapore offices and focused primarily on the Telecommunications, Media, Entertainment and Technology sectors.

Warwick has gained experience across a broad range of significant transactions involving a wide range of domestic and international corporate, private equity and institutional clients. Throughout his career, Warwick has advised on significant transactions for leading companies such as Independence Group, Leighton Holdings, Seven Group Holdings, Nine Entertainment Co. and Australia Post.

Warwick holds a Bachelor of Business (Accounting & Finance) from the University of Technology, Sydney and is a member of the Institute of Chartered Accountants.

Key natural resources transactions which Warwick has advised, arranged or executed include:

  • Gold Road’s joint venture with Gold Fields for the Gruyere Gold Project ($365m)
  • Independence Group acquisition of Windward Resources ($20m)
  • Divestment of Pajingo Gold Mine by Evolution Mining to Minjar Gold ($52m)
  • Independence Group acquisition of Sirius Resources ($1.8bn)
  • Acquisition financing of Independence Group’s merger with Sirius Resources ($550m)
  • Lighthouse Minerals and EMR Capital acquisition of Mt Gordon ($55m)
  • ABM Resources on strategic joint venture placement to Independence Group
  • Equity financings for Gold Road Resources ($74m and $40m)
  • Equity financing for Tiger Resources ($35m)
  • Equity financing for Dacian Gold ($25m)
  • Refinancing and restructuring of Aurelia Metals senior debt and convertible note facilities with Glencore ($140m)

Adam Bill

Adam joined Treadstone Resource Partners in 2016 and has broad experience in natural resources investment banking, particularly in mergers and acquisitions, leverage finance and debt and equity capital markets.

Prior to joining Treadstone Resource Partners, Adam worked at Credit Suisse in the Sydney office and Barclays Capital in both the Sydney and London offices focused on Mining & Metals and Oil & Gas.

Prior to joining Barclays in 2010, Adam was a Tax Analyst at Deloitte Touche Tohmatsu in the Private Equity and Mergers and Acquisitions team Adam’s career has provided him with extensive transactional experience both in Australasia and EMEA, with a specific focus on financing and advising some of the most prominent companies across the natural resources sector including; Glencore, InterOil Corporation, Newcrest Mining, Norilsk Nickel and Randgold Resources.

Adam holds a Bachelor of Commerce and Bachelor of Laws from the University of Queensland and is a qualified Lawyer of the Supreme Court of New South Wales.

Key natural resources transactions which Adam has advised, arranged or executed include:

  • Equity financing for Dacian Gold
  • InterOil Corporation’s announced merger with Oil Search and defence of takeover from ExxonMobil Corporation (US$3.4bn)
  • Acquisition financing (AREO) of Evolution Mining’s acquisition of an interest in Ernest Henry ($401m)
  • Regis Resources block trade for Newmont Mining ($244m)
  • Debt financing for InterOil Corporation (US$400m)
  • Sale of Norilsk Nickel’s African nickel interests (Nkomati and Tati) to BCL (US$337m)
  • Debt financing for Randgold Resources (US$400m)
  • Debt financing for Glencore (US$450m)
  • Debt financing for Resolute Mining (US$50m)
  • St Barbara’s debut senior secured notes issue (US$250m)
  • Two Newcrest bond issues (US$1bn)
  • Debt financing for St Barbara ($150m)
  • St Barbara on its acquisition of Allied Gold Mining and acquisition facility ($556m)
  • Paladin convertible bond issue (US$274m)
  • Ratings advisor to Newcrest Mining on its debut investment grade credit rating
  • Debt financing for PanAust (US$250m)
  • Debt financing for Newcrest Mining (US$250m)

Cameron Horsburgh

Cameron joined Treadstone Resource Partners as an Analyst in 2014. Prior to joining, Cameron spent 6 months in the Global Research and Investment Banking Divisions of Standard Chartered Bank, based in London.

While at Standard Chartered, Cameron was involved in a number of significant transactions.

Cameron holds a Bachelor of Engineering (Civil) / Bachelor of Economics (Honours) from the University of Queensland. His Honours thesis studied the response of Australian purchasing power to Chinese economic shocks.

Key natural resources transactions which Cameron has advised, arranged or executed include:

  • Bathurst Resources acquisition of coal assets from Solid Energy ($95m)
  • Gold Road’s joint venture with Gold Fields for the Gruyere Gold Project ($365m)
  • Divestment of Pajingo Gold Mine by Evolution Mining to Minjar Gold ($52m)
  • Independence Group acquisition of Sirius Resources ($1.8bn)
  • Acquisition financing of Independence Group’s merger with Sirius Resources ($550m)
  • Lighthouse Minerals and EMR Capital acquisition of Mt Gordon ($55m)
  • Refinancing and restructuring of Aurelia Metals senior debt and convertible note facilities with Glencore ($140m)