About Lowell Resources Funds Management

Lowell Resources Funds Management Ltd ("LRFM" or "The Manager") manages the Lowell Resources Fund ("LRF") Portfolio, where it has had a successful track record for over 20 years.

The Manager operates through an Investment Committee which incorporates the experience and knowledge of individuals who have direct working experience in the minerals and energy industries, geosciences, broking, banking, and funds management.

LRF unitholders are provided with broad exposure to the junior mining and energy sectors in a Portfolio that is actively managed by the Manager in accordance with its investment philosophy and stock-selection criteria.

The fund's objective is to take profits when available and will realise investments once targets are reached or can no longer be achieved.

 

The Lowell Resources Fund is a unique investment opportunity

 
Fund focus 
  • One of the very few long term investment funds that offers exposure to the junior resources sector in both minerals and energy across Australia and global stock exchanges in unlisted and listed companies
Successful track record since 2004 
  • Superior performance over the short, medium and long term 
Experienced management 
  • Deep technical, financial and commercial expertise and networks with experience through multiple cycles
Unique network - not easily replicated 
  • Access to deal flow in public and private markets
  • Proven ability to generate returns throughout the cycle
  • Potential for structured investment opportunities through consultant relationships
Fund valuation summary 

The most recent Net Asset Value of Lowell Resources Fund can be found in the Announcements page within the Investor Centre in this website. The estimated NAV per unit of the Trust at 7 November 2025 was $2.39/unit.

Top holdings as at 31 December 2025 

As at the end of December 2025, the Fund's top holding was South African PGM developer Southern Palladium (Market Cap AUD$290m PGM.ASX) which holds 70% of the Bengweyama Platinum Group Metals project on the famed Merenskey and UG2 Reefs. Bengwenyama hosts total mineral resources of 40Moz of PGMs, and a Probable Ore Reserve of 6.3 Moz at 6.2 g/t 6E.

 

  • 5.3% I  Southern Palladium (ASX:SPD)  PGM
  • 5.2% I  Astral Resources (ASX.AAR)  Gold
  • 4.2% I  Unico Silver (ASX:USL)  Silver
  • 3.6% I  Freegold Ventures (TSX:FVL)  Gold
  • 3.0% I  Black Canyon (ASX:BCA)  Manganese
  • 3.0% I  Saturn Metals (ASX:STN)  Gold
  • 2.8% I  Medallion Metals (AUD:MM8)  Gold-Copper
  • 2.7% I  Brazillian Critical Minerals (ASX:BCM)  REE
  • 2.6% I  Talon Metals (TSXV:TLO)  Ni-Cu-PGM
  • 2.5% I  Sunstone Metals (ASX:STM)  Gold-Copper
  • 7.4% I  Cash  
 
Characteristics of the Fund 

Nature of fund:  Long only, absolute return fund

Investee companies:  Junior resource companies, including gold, base and specialty metals, and energy

Investment type:  Focus on global listed and unlisted resource equities

Distribution policy:  100% of taxable profits distributed annually