What Loyal Metals does

Loyal Metals is an ASX-listed mineral exploration company focused on critical minerals required for the global energy transition. The company holds three exploration projects across two jurisdictions: the Highway Reward Copper-Gold Mine in Queensland, Australia (with historical production of 3.65Mt at 5.7% Cu and 260,000 tonnes at 4.5 g/t Au), the Trieste Lithium Project in the James Bay region of Québec, Canada (covering approximately 250 km² of the Trieste Greenstone Belt with eight lithium pegmatite dykes identified since summer 2023), and the Hidden Lake Lithium Project in Yellowknife, Northwest Territories, Canada (containing 3.25 km of mineralised pegmatites with eight spodumene-bearing dykes).

The company's exploration approach is anchored by its deployment of Mobile Magnetotellurics (Mobile MTm) deep-penetrating geophysical survey technology, which underpins its "Ground to Grid" strategy for targeting critical mineral deposits. In 2024, Loyal Metals completed a 77 km² Mobile MTm survey over the Trieste Project. The technology enables detection of subsurface conductors at depth, allowing the company to prioritise drill targets in underexplored greenstone belt terrain.

Loyal Metals is a pre-revenue exploration-stage company with no current product sales, customers, or revenue-generating operations. Its business model is conventional mineral exploration: securing tenure, conducting geophysics and drilling to define resources, with the intent to advance projects toward development or sale/partial sale to a producing miner. End-demand exposure is to copper (electrification, EV, grid buildout) and lithium (battery storage). The company is led by Managing Director Adam Ritchie (previously Pilbara Minerals, Fortescue Metals Group, Rio Tinto and BHP) and Chairman Peretz Schapiro, and operates a lean corporate footprint spanning Australia and Canada.

Name

Loyal Metals

Legal name

Loyal Metals

Website

https://loyalmetals.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Loyal Metals is an ASX-listed, pre-revenue mineral exploration company advancing copper-gold and lithium projects in Australia and Canada, using Mobile Magnetotellurics (Mobile MTm) geophysical survey technology under a "Ground to Grid" strategy targeting critical minerals for the energy transition.

Ownership category

akta.pro rank

Product category

Critical Minerals Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Critical minerals exploration
• Lithium pegmatite exploration
• Copper gold mining
• Mineral resource development
• Geophysical mineral surveying

Headquarters

HQ city

Peppermint Grove

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mineral Exploration and Development: Pre-revenue exploration stage company. Revenue will be generated through eventual mineral production and sale of extracted commodities (copper, gold, lithium). Currently in exploration phase with no production revenue.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Loyal Metals is an ASX-listed mineral exploration and development company acquiring and exploring copper and lithium projects in proven geological districts. Its current portfolio comprises the Highway Reward Copper Gold Mine in Queensland, Australia (past production of 3.65 million tonnes at 5.7% Cu and 260,000 tonnes at 4.5 g/t Au) and two Canadian lithium exploration projects — Trieste in the James Bay Lithium District and Hidden Lake near Yellowknife, NWT. The company is in pre-revenue exploration stage with future revenue intended from mineral production for the energy transition supply chain.

Product overview

Loyal Metals is an ASX-listed mining company operating three critical minerals projects: the Highway Reward Copper Gold Mine in Queensland, Australia (one of the world's highest-grade copper mines), and two lithium exploration projects in Canada—the Trieste Lithium Project in the James Bay Lithium District and the Hidden Lake Lithium Project near Yellowknife. The company pursues a 'Ground to Grid' strategy focused on supplying critical minerals (copper and lithium) essential for energy transition, grid security, and renewable energy infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Highway Reward Copper Gold Mine A high-grade copper-gold mine in Queensland, Australia with past production of 3.65 million tonnes at 5.7% Cu and 260,000 tonnes at 4.5 g/t Au, located 37 km south of Charters Towers, being revitalised for energy transition copper supply.
• Trieste Lithium Project A lithium exploration project covering approximately 250 km² in the James Bay Lithium District, Canada, strategically located along the Trieste Greenstone Belt with eight discovered lithium mineralised pegmatite dykes.
• Hidden Lake Lithium Project A 100% owned lithium project located 65 km from Yellowknife, NWT, Canada, with 3.25 km of mineralised pegmatites identified at surface occurring within two major mineralised clusters, MAX and HUE.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Winsome ResourcescoreStrategic or Co-development Partner · 1 January 2024Collaboration MOU with Winsome Resources (ASX:WR1) to advance the Trieste Greenstone Belt into a premier lithium hub. Winsome Resources operates the adjacent Adina Lithium Project with JORC Inferred Mineral Resource Estimate of 78Mt at 1.15% Li2O. The partnership demonstrates combined commitment to establishing the James Bay region as a premier lithium production area with infrastructure synergy potential.
• LIFT PowerminorOthersLIFT Power (TSXV:LIFT) is positioned adjacent to the Hidden Lake Lithium Project with a regional Mineral Resource Estimate of 50.4 Mt @ 1.0% Li2O. The proximity enables potential regional collaboration and infrastructure sharing in the Yellowknife, NWT mining district.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Azimut Exploration: Canadian-listed (TSXV) mineral exploration company with a JV with SOQUEM covering lithium projects in the James Bay region near Loyal Metals' Trieste project; comparable as a regional lithium peer in the same geological belt.

Broad incumbents

• Rio Tinto: Global major mining company with a joint-venture lithium project (with Midland) in the James Bay district near Loyal Metals' Trieste project; relevant as a broad incumbent competing for the same exploration ground and infrastructure.
• Pilbara Minerals: ASX-listed, large-scale Australian lithium producer where Loyal Metals' Managing Director Adam Ritchie held senior positions; comparable on commodity and Australian jurisdiction, though at a far more advanced production stage.
• BHP: Global diversified miner where Adam Ritchie previously held senior roles; relevant as a broad incumbent comparable on copper exposure and senior management lineage, but operating at vastly different scale.
• Fortescue (FMG): ASX-listed major iron ore producer where Adam Ritchie previously held senior roles; relevant as a broad incumbent in Australian resources and a comparator for senior management pedigree rather than direct operational overlap.

Direct peers

• Winsome Resources: ASX-listed lithium explorer operating the Adina Lithium Project directly adjacent to Loyal Metals' Trieste project in the James Bay Lithium District; signed an MOU with Loyal Metals to co-develop the Trieste Greenstone Belt. Highly comparable on commodity, jurisdiction, project stage and exploration approach.
• Li-FT Power: TSXV-listed lithium explorer with a 50.4Mt at 1.0% Li2O regional MRE immediately adjacent to Loyal Metals' Hidden Lake Lithium Project near Yellowknife, NWT. Directly comparable on commodity, jurisdiction and project stage.
• Asra Minerals: ASX-listed gold and lithium explorer with Peretz Schapiro serving as a director; comparable as a small-cap Australian-listed junior pursuing critical minerals exploration.
• Summit Minerals: ASX-listed critical minerals explorer chaired by Loyal Metals' Chairman Peretz Schapiro; operates lithium and uranium projects in similar tier-1 jurisdictions. Highly comparable on commodity focus and Australian-listed junior profile.
• Okapi Resources: ASX-listed uranium and lithium explorer with Peretz Schapiro serving as a director; comparable as a small-cap Australian-listed critical minerals peer with shared board relationships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/loyal-metals

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Loyal Metals