Apollo Minerals
Apollo Minerals is an Australian-listed mining exploration company (ASX: AON) developing the high-grade Couflens tungsten-gold project in the French Pyrenees and gold-zinc assets in Gabon, targeting European defence, aerospace, and semiconductor manufacturers seeking non-Chinese critical mineral supply.
- Company typePublic
- Founded2007
- HeadquartersPerth, Australia
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Apollo Minerals does
Apollo Minerals Limited is an Australian publicly listed mining exploration company (ASX: AON) headquartered in Perth, founded in 2007, with a workforce of 1-10 employees. Its flagship asset is the Couflens high-grade tungsten and gold project in the French Pyrenees, which encompasses the historically highest-grade Salau tungsten mine. The project hosts an exceptional ore grade of 1.5% tungsten oxide—approximately five times the global average grade—supporting structurally favorable extraction economics. The company also holds gold and zinc exploration assets in Gabon through a partnership with the Gabonese government.
The company positions its Couflens project as a strategic European alternative to Chinese-controlled tungsten supply, targeting defence, semiconductor, aerospace, and energy transition manufacturers seeking supply chain diversification. China currently accounts for approximately 80% of global tungsten production, and tungsten prices rose over 200% following China's February 2025 export controls. The project received regulatory certainty when France's Conseil d'État reinstated the mining permit in December 2024, and the asset has been designated as strategically important under the EU's Critical Raw Materials Act. Apollo Minerals is pre-revenue and remains in the exploration and project development phase, with no current commercial tungsten or gold production.
The business model is commodity extraction and sale of tungsten concentrates and gold by-products to European industrial consumers and commodity traders, with planned direct enterprise sales relationships to large manufacturers. Pricing follows global commodity market rates. The go-to-market includes a dual-listing strategy on the ASX and Euronext Growth Paris (ticker: ALAON, trading expected June 30, 2026) to access European institutional investors and industrial off-takers, supplemented by investor-relations presentations to European institutional capital. Apollo Minerals is operationally active in Australia (headquarters), France (Couflens project), and Gabon (exploration partnership).
Apollo Minerals firmographics
Firmographics- Name
- Apollo Minerals
- Legal name
- Apollo Minerals Limited
- Website
- https://apollominerals.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Apollo Minerals is an Australian-listed mining exploration company (ASX: AON) developing the high-grade Couflens tungsten-gold project in the French Pyrenees and gold-zinc assets in Gabon, targeting European defence, aerospace, and semiconductor manufacturers seeking non-Chinese critical mineral supply.
- Ownership category
- akta.pro rank
Apollo Minerals industry classification
Industry- Product category
- Tungsten and Critical Minerals Mining
- NAICS
- Other Metal Ore Mining (21229), Mining (except Oil and Gas) (212)
- SIC
- Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Apollo Minerals is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Apollo Minerals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain
Revenue model
- Tungsten Extraction and Sales: Revenue will be generated from mining and selling tungsten concentrates and gold by-products from the Couflens project. The project targets European industrial consumers in defence, aerospace, and energy transition sectors.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels1 record
Apollo Minerals product offering
Product offeringCore offering
Apollo Minerals is a mining exploration and development company that holds the Couflens high-grade tungsten and gold project in the French Pyrenees (which includes the historically highest-grade Salau tungsten mine), as well as gold and zinc exploration assets in Gabon. The company focuses on developing critical mineral sources to serve European industrial demand for tungsten used in defence, aerospace, and energy transition applications.
Product overview
Apollo Minerals operates as a mining exploration and development company with two primary assets: the flagship Couflens high-grade tungsten and gold project in the French Pyrenees (which includes the historic Salau tungsten mine), and gold/zinc exploration in Gabon. The company is focused on developing critical mineral sources to serve European industrial demand, particularly for tungsten used in defence, aerospace, and energy transition applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Couflens Project High-grade tungsten and gold project located in the French Pyrenees, featuring the historically highest-grade Salau tungsten mine. The project has an exceptional ore grade of 1.5% tungsten oxide—five times the global average—and is designated as strategically important under the EU Critical Raw Materials Act. Target customers are European industrial manufacturers in defence, aerospace, and energy transition sectors.
- Salau Mine Historically highest-grade tungsten mine located within the Couflens project area in the French Pyrenees, recognized for its strategic importance for defence, aerospace, and energy transition applications under EU critical minerals framework.
- Gabon Exploration Program
Quantifiable outcome
- Ore grade 5x global average (1.5% vs ~0.3%)
- +2 more outcomes
Companies that use Apollo Minerals
Customer profileSegments3 records
Ideal customer profiles1 record
Apollo Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Apollo Minerals partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gabon GovernmentminorApollo Minerals conducts gold and zinc exploration activities in Gabon in partnership with the government. This relationship supports the company's broader mineral exploration strategy alongside its primary Couflens tungsten-gold project in France.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Apollo Minerals competitors and assessment
Company assessmentDirect peers
- Almonty Industries: Western world's largest dedicated tungsten producer with operating mines (Panasqueira, Portugal) and development projects (Sangdong, South Korea). Directly comparable as a pure-play tungsten miner targeting Western supply security outside Chinese control, and the closest benchmark for Couflens on cost curve and project economics.
- W Resources: European-focused tungsten and tin developer with the La Parrilla mine in Spain. Comparable as a Western tungsten producer targeting European industrial customers and benefiting from the same CRMA-aligned policy backdrop as Apollo.
- Tungsten Mining NL: ASX-listed tungsten explorer with multiple Australian tungsten projects (Mt Mulgine, Big Hill). Direct peer as a fellow ASX-listed tungsten exploration company pursuing tungsten supply for Western markets, with comparable stage of development and investor base.
- EQ Resources: ASX-listed tungsten producer restarting the Mt Carbine mine in Queensland. Directly comparable as an ASX-listed tungsten developer/producer benefiting from the same post-2025 China-export-control price tailwind and targeting similar Western end-markets.
Emerging players
- Savannah Resources: AIM-listed developer of the Barroso lithium project in Portugal and a secondary tungsten/critical minerals portfolio. Comparable as a European critical minerals developer benefiting from EU CRMA support, with overlapping end-customer base in European battery and industrial supply chains.
- European Metals Holdings: AIM/ASX-listed developer of the Cinovec lithium-tin-tungsten project in Czechia. Comparable as a European critical minerals developer with a tungsten by-product stream, sharing the EU CRMA strategic-asset narrative and European end-market exposure.
Broad incumbents
- Rio Tinto: Global diversified miner with critical minerals exposure and significant European operational footprint. Comparable as a large incumbent Western miner with policy-aligned positioning under the EU CRMA framework, though tungsten is not a focus metal.
- Anglo American: Global diversified miner producing tungsten as a minor by-product and trading across European and global markets. Comparable as a large established Western producer benefiting from China-supply-decoupling themes, though tungsten is a peripheral product within a much broader portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Apollo Minerals social profiles
Digital presenceApollo Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Apollo Minerals leadership team
Management profileNumber of profiles
Profiles1 record
Apollo Minerals funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Apollo Minerals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Apollo Minerals
What does Apollo Minerals do?
Apollo Minerals is a mining exploration and development company that holds the Couflens high-grade tungsten and gold project in the French Pyrenees (which includes the historically highest-grade Salau tungsten mine), as well as gold and zinc exploration assets in Gabon. The company focuses on developing critical mineral sources to serve European industrial demand for tungsten used in defence, aerospace, and energy transition applications.
Is Apollo Minerals a public or private company?
Apollo Minerals is a public company. It is classified as public and is currently operating.
When was Apollo Minerals founded?
Apollo Minerals was founded in 2007. It employs 1 to 10 people.
Where is Apollo Minerals based?
Apollo Minerals is headquartered in Perth, Australia, in the Oceania region.
How does Apollo Minerals make money?
One revenue line is on record: tungsten Extraction and Sales.
Who are Apollo Minerals's main competitors?
Direct peers on record are Almonty Industries, W Resources, Tungsten Mining NL and EQ Resources. Emerging players are Savannah Resources and European Metals Holdings. Broad incumbents are Rio Tinto and Anglo American.
Does Apollo Minerals have an API?
No public API is recorded for Apollo Minerals.
What industry is Apollo Minerals in?
Apollo Minerals's product category is Tungsten and Critical Minerals Mining. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 21229 and its SIC code is 1040.