{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Ajax Resources (AQSE:AJAX) - Drilling Historic Argentine Copper Projects","html":"","width":"100%","height":180,"duration":2175,"description":"Interview with Ippolito Ingo Cattaneo, CEO of Ajax ResourcesRecording date: 9th January 2026Ajax Resources plc, a London-listed natural resources investment company with a £6 million market capitalisation, has positioned itself as an opportunistic acquirer of undervalued South American mining projects. With £2.5 million in cash and a portfolio spanning Argentina and Brazil, the company is executing a strategy centred on acquiring technically advanced assets at significant discounts to their historical expenditure.CEO and largest shareholder Ippolito Ingo Cattaneo, who owns 18.38% of the company, explained the investment thesis: \"The goal is to focus on assets that have a high historical expenditure. We acquire projects that have a latent value which simply hasn't been realised and opportunistically acquire them from companies that may have undergone board changes, strategy changes or are simply not performing.\"The company's flagship Eureka copper-gold project in Jujuy Province, Argentina, exemplifies this approach. Despite 400 years of artisanal mining history, the project has never been drill-tested with modern methods. Ajax acquired all 12 licenses from Bezant Resources for just £170,000—a fraction of the $8 million paid in 2010. Equipment is currently being mobilised for a 1,500-meter initial drilling program, with a maiden JORC-compliant resource estimate targeted for mid-2026.The recent acquisition of the Pereira Velho gold project from Appian Capital Advisor provides strategic validation. Appian, a major private equity group specialising in mining investments, accepted predominantly equity consideration and will become a significant shareholder—an unusual arrangement that endorses Ajax's capabilities. The project sits 20 kilometers from the Serrote mine, which Appian sold in May 2025 for $420 million after acquiring it for $30 million in 2018.Ajax's board-driven structure, with directors predominantly compensated in equity rather than cash, aligns...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}