Strategy

The 162 Group strategy has been to focus on high potential natural resource start-ups. The principal is to marry geological risk against political uncertainty; which the group has proven successful time and time again. As John Teeling, Founder, noted ‘Geology does not change, politics do’. The 162 Group provides the seed capital and initial management and takes the venture to market normally within three years. This strategy has stood the test of time with a long list of successes in the mining as well as the oil and gas industry. The group have successfully listed 13 companies on the London Stock exchange and had two of the first companies listed on AIM (Alternative Investment Market) with Pan Andean Resources and African Gold. There have been some notable successes including Kenmare Resources, African Diamonds and Mwana Africa.