Ajax Resources plc (AJAX.L) is pursuing a strategy as a natural resources investment company, with a focus on Copper, Gold, Zinc, Uranium, and Lead. The Company completed its first acquisition on May 2025, the purchase of Puna Metals S.A., that holds the mining rights for twelve licences, collectively forming the Eureka Gold and Copper project in the north-west corner of the Province of Jujuy in Argentina. The Project is in the advanced exploration stage and is drill-ready, with the potential to become a low-cost gold/copper mine within c. 3-4 years, subject to permitting and other variables.

Ajax’s strategy is centred on the acquisition and development of assets with historical production and significant untapped reserves, as well as material exploration prospectivity. Strategic attention is directed to assets that have material unexploited resources and hold near-term production potential. These include acquisition opportunities which may have been, for various reasons, historically undeveloped or neglected, requiring new technical and financial investment to obtain value maximisation. The Company wishes to acquire assets that can generate revenue following the necessary technical investment and modernisation work.