Seventy Ninth Resources
Unlocking potential in the global natural resources market

Learn More About Seventy Ninth Resources

Learn More About Seventy Ninth Resources

About Seventy Ninth Resources

Seventy Ninth Resources holds a unique and advantageous position in the natural resources sector, specialising in the acquisition, management and development of desirable assets, initially within the Republic of Guinea, and now on a global scale.

Since 2011, we’ve been operating in the Republic of Guinea. Our hands-on approach in-country has enabled Seventy Ninth Resources to pair local knowledge with industry expertise, working on the ground to identify desirable assets based on data-driven insight. With 15 employees in the operational in-country team, and through our initiatives to give back to the community, we’ve cultivated trusted relationships with local communities.

Through these relationships, we’ve gained unique access to acquire land in areas with significant potential for gold, diamond and other precious resources. Our recent partnership with First Class Metals (FCM) PLC, who have extensive Canadian, North Ontario land holdings, has also allowed us to further expand our portfolio of natural resource assets globally.

Who we are

The developed Board and in-country team for Seventy Ninth Resources include world-class experienced geologists, field consultants, and ESG specialists, working alongside our industry-leading strategic partners, SRK Exploration Services and The MSA Group, in executing specific and focused exploration on assets.

What makes us different

Environmental, social and governance (ESG) is at the heart of everything we do, and we take responsibility for helping the people of Guinea by giving back to the communities in which we operate. We have spent many years understanding the needs of the communities and have implemented several initiatives, including a collaboration with a local orphanage and a partnership with a non-governmental organisation to address issues related to mining in impacted communities.

Global expansion and diversification

Seventy Ninth Resources is also actively exploring mutually beneficial partnerships to further expand our existing portfolio of natural resource assets.

With our intention to list on the Toronto Stock Exchange Venture later in 2024, Seventy Ninth Resources is committed to exploring opportunities to expand our natural resource offerings on a global scale. Our recent partnership with FCM, who have extensive land holdings throughout Canada, is another step in our expansion.

“This is an incredibly exciting move for Seventy Ninth Resources and continues our strategic development of building out a successful pipeline of data-verified assets, as well as helping in preparation for our proposed IPO later this year. By partnering with companies such as FCM, we are continuing to create multiple value points for the business and deliver on its corporate vision”.
Natalie Bellis
CEO, Seventy Ninth Resources

Our Management Team

Dave Webster

Chairman

Jake Webster

Managing Director

Curtis Webster

Investment Director

Natalie Bellis

Chief Executive Officer

Thomas Pucheu

Strategic Consultant

Will Slater

Board Consultant

Eric Ntube

In-country Manager

Umesh Bhambhwani

Director

George Felipes

Director

Genevieve Pearson

Non-Executive Director

Derek Brett

Board Advisor

Dave Webster

Chairman

Retailer | UK’s Largest Private Landlord | Experienced Natural Resources Professional

A natural leader and previously one of the largest private landlords in the UK, David has over 27 years of experience in the property sector as both a developer and a landlord. David has previously built significant personal and corporate portfolios, consisting of developments in excess of £500 million of both residential and commercial property. Following his initial retirement from the property sector, David partnered with SNR Dentons as a commodity advisor in the precious metals industry, before launching his own venture in the natural resources sector, Lusso Tesoro (now Seventy Ninth Resources).

As Chairman of the Seventy Ninth Group, David oversees the overall direction and growth of the Group and its subsidiaries, continuously seeking out new and exciting opportunities that elevate our operations to new heights. Additionally, David has won Asset Management Chairman of the Year at CEO Monthly’s Chairperson Awards for the last two years running.

Jake Webster

Managing Director

Portfolio Management | Corporate Finance | Pilot

Working as Managing Director across the Seventy Ninth Group and its subsidiaries, Jake is highly experienced and proficient in portfolio management, deal structuring and private finance. Jake has been heavily involved in the natural resources and asset management sectors for several years, working internationally with central banks and global commodity houses to establish and arrange finance for projects and commodity supply chains.

Jake is a fully qualified pilot who holds an EASA license, as well as a martial arts instructor. Jake also studied at the American Institute of Diamond Cutting and is a certified rough diamond grader and won the International Young Entrepreneur Award at the Global Business Excellence Awards 2022.

Curtis Webster

Investment Director

Online Retailer | Entrepreneur | Capital Markets

An organised and hard-working professional, Curtis followed in his family’s footsteps and entered the real estate and natural resources sectors. Within his role at the Seventy Ninth Group, Curtis provides valuable support to our stakeholders situated across the globe, managing new and existing relationships as well as overseeing the Seventy Ninth Group’s existing and future capital raising activities. Over recent years, Curtis has gained significant experience in natural resources, with a particular focus on mineral extraction and general supply chain management.

Curtis is a keen martial artist, practising both Muay Thai and Brazilian jiujitsu. Additionally, Curtis won Outstanding Young Executive (under 35 years) at the Global Business Excellence Awards 2022.

Natalie Bellis

Chief Executive Officer

Global Regulatory Auditor | Risk Committee Chairwoman for Investment and Savings

Throughout her career, Natalie has been appointed across a wide range of governance roles, including being a regulatory auditor for globally established brands such as Selfridges, EasyJet, Toyota and Nintendo. Natalie has also led large, well-known retail and financial services operations with over 500 employees in each sector, delivering their corporate strategies alongside chairing Corporate Risk Committees. A highly experienced compliance specialist with a wealth of regulatory and administrative knowledge, Natalie has over 10 years in the sector and has a background in creating and implementing governance frameworks and FCA regulations.

As CEO of the Seventy Ninth Group, Natalie defines and oversees the company’s primary goals and objectives, leading a team of executives to deliver major business milestones, including acquisitions, mergers, joint ventures and large-scale expansion. Natalie also won the Outstanding Personal Achievement Award at the Global Business Excellence Awards 2022.

Thomas Pucheu

Strategic Consultant

Thomas has a financial, commercial and business development background, after graduating in Economics and Political Sciences in France. He is an innovative problem solver, strategist and creative thinker, who has successfully managed significant projects for leading audit and consulting firm in France then in Africa as part of the Central Africa desk for Deloitte. Thomas is a qualified and accomplished executive who has achieved major results, specializing in managing complex projects for several mining companies in Francophone Africa for the last 15 years. He has served various board mandates in Gabon including EITI, CPG/FEG and also founded the Umiga, a business association specialized in mining.

Will Slater

Board Consultant

Will is a geologist with over 15 years experience of gold and base metal exploration across Africa. He gained exposure to the sector through his roles as VP Exploration and VP Operations at Altus Strategies, managing the company's portfolio of exploration projects. Will holds a MGeol in Applied Geology from the University of Leicester.

Eric Ntube

In-country Manager

With over 15 year's experience in the Mineral Exploration Industry, Eric holds a Master of Engineering in Geology and Mining. He worked previously for 4 different multi-national companies in Africa before joining Seventy Ninth Resources in February 2023. Eric has had the opportunity to work with some of the finest minds in the business, taking up leadership roles in diverse fields including geology, community relations, producing and managing budgets, people and logistics management.

He has been involved in gold, manganese, copper, zinc and lead projects supervising or carrying out several geological operations including: exploration drilling, geological/geotechnical core logging and sampling, exploration project management, core logging, geological mapping, XRF analysis (Niton & Olympus), geophysical survey monitoring, passive seismic surveys, mentoring junior geologists and geo-technicians, geochemistry campaigns.

Umesh Bhambhwani

Director

Umesh trained as a Chartered Certified Accountant with KPMG in Gibraltar, qualifying in 2003. Throughout his career, he has acquired knowledge and experience on a large and diverse portfolio of clients, providing services such as audit, accounting, tax, insolvency, directorships and financial control, specialising in the financial services industry and in particular on funds. He has developed a wide range of skills and experience in the industry by providing the highest standard of professional services.

George Felipes

Director

George has 33 years of hands-on experience in the finance industry in Gibraltar where he has held various senior management roles. George started his career with Mobil Oil in Spain (Madrid) where he worked for 8 years, initially as a Financial Analyst and subsequently as the IT Manager of the Spanish organisation. In 1988, George returned to his native Gibraltar working for A.I.G. (American International Group) where he was responsible for setting up two hedge funds. George spearheaded the development of the Gibraltar Bank for the Gibraltar Governor and Government. In addition to this, he also held the COO role at ABN Amro Bank in Gibraltar for a number of years.

Derek Brett

Board Advisor

Derek is an experienced lawyer and law professor, licensed to practice in several jurisdictions, as well as within several federal trial and appellate jurisdictions. Further, to his dedication to enhanced, positive social change has brought him to serving on various public boards, and leadership within a number of non-governmental and politically based organisations. Throughout his professional history, as both lawyer and law professor, he has diligently maintained a focus on achieving identified objectives. Derek has worked tirelessly for his clients' interests and assisting students in elevating themselves to a higher level of thinking and performance. He continues to emphasise such characteristics in both Nova Scotia and back in the United States.

Genevieve Pearson

Non-Executive Director

Genevieve has over 20 years extensive project and operational experience across commodities in Africa. Following deep level gold mining experience in South Africa she ran Greenfields gold exploration projects. Over the years she has developed experience in artisanal to large-scale gold mining and exploration projects. As an independent consultant, she has advised investors, commodity traders and mining companies on their various strategies for investing in a range of exploration and mining projects across commodities throughout Africa.

What We Do

Our Journey

2013

David Webster is appointed as a consultant of SNR Denton and the Gunvor Group.

2014

David and his son, Jake set up a global supply chain. Managing the process of the extraction of gold to central bank processing and delivery for their clients.

2015

David and Jake identify the demand for resources and minerals before developing their idea for a natural resources company.

2016

Lusso Tesoro is founded and targets concessions in the Siguiri Basin, Republic of Guinea.

2017

David and Jake expand their operational team in the Republic of Guinea to accommodate the company’s unprecedented growth.

2020

The company appoints internationally-recognised firms for the acquisition and management of natural resource concessions.

2021

Due to growth and strategy globally, Lusso Tesoro was rebranded and became Seventy Ninth Resources.

2022

Seventy Ninth Resources aims to acquire additional concessions by the end of 2022.

2023

Seventy Ninth Resources employ an in-country team to oversee and manage the drilling campaign in their Lusso South concession and our ESG efforts.

2024

Anticipated listing on Canadian Exchange.

  1. David Webster is appointed as a consultant of SNR Denton and the Gunvor Group.

  2. David and his son, Jake set up a global supply chain. Managing the process of the extraction of gold to central bank processing and delivery for their clients.

  3. David and Jake identify the demand for resources and minerals before developing their idea for a natural resources company.

  4. Lusso Tesoro is founded and targets concessions in the Siguiri Basin, Republic of Guinea.

  5. David and Jake expand their operational team in the Republic of Guinea to accommodate the company’s unprecedented growth.

  6. The company appoints internationally-recognisedfirms for the acquisition and management of natural resource concessions.

  7. Due to growth and strategy globally, Lusso Tesoro was rebranded and became Seventy Ninth Resources.

  8. Seventy Ninth Resources aims to acquire additional concessions by the end of 2022.

  9. Seventy Ninth Resources employ an in-country team to oversee and manage the drilling campaign in their Lusso South concession and our ESG efforts.

  10. Anticipated listing on Canadian Exchange as Seventy Ninth Resources

Our Mission

Our Portfolio

The Republic of Guinea presents an untapped opportunity in the natural resources sector. Our portfolio is backed by extensive research on the land, including sampling results and historical data. This has given us promising evidence, allowing us to continue with the exploration of our assets.

Our Portfolio

We have an extensive portfolio of natural resource assets throughout the Republic of Guinea, which boasts an abundance of mineral reserves, including gold, diamonds, and associated minerals. Successful exploration and initial testing has allowed us to offer existing and prospective investors an opportunity to consider a different type of investment.

Map of Guinea

1

  • Asset Name: LS
  • Acquisition date: 06/07/2021
  • Location: Siguiri, Guinea, West Africa
  • Commodity: Gold
  • Operator: 79th Resources
  • Area: 44.78 km2

2

  • Asset Name: LN
  • Acquisition date: 06/07/2021
  • Location: (20 km south of) Siguiri, Guinea, West Africa
  • Commodity: Gold
  • Operator: 79th Resources
  • Area: 48.47 km2

3

  • Asset Name: LM
  • Acquisition date: 06/07/2021
  • Location: Koundianakoro, Guinea, West Africa
  • Commodity: Gold
  • Operator: 79th Resources
  • Area: 41.23 km2

4

  • Asset Name: FR
  • Acquisition date: 06/07/2021
  • Location: Kerouane, Guinea, West Africa
  • Commodity: Diamond
  • Operator: 79th Resources
  • Area: 15 km2

5

  • Asset Number: RES1
  • Acquisition date: 24/03/2024
  • Location: Siguiri, Guinea, West Africa
  • Commodity: Gold
  • Operator: 79th Resources
  • Area: 93.75 km2

6

  • Asset Number: RES2
  • Acquisition date: 24/03/2024
  • Location: Siguiri, Guinea, West Africa
  • Commodity: Gold
  • Operator: 79th Resources
  • Area: 98.22 km2

7

  • Asset Number: RES3
  • Acquisition date: 24/03/2024
  • Location: Siguiri, Guinea, West Africa
  • Commodity: Gold
  • Operator: 79th Resources
  • Area: 76.69 km2

8

  • Asset Number: RES4
  • Acquisition date: 24/03/2024
  • Location: Siguiri, Guinea, West Africa
  • Commodity: Gold
  • Operator: 79th Resources
  • Area: 28.71 km2

Our Strategic Advisors

We have partnered with a number of strategic advisors, including SRK Exploration and Consulting and The MSA Group, among others, who are recognised as leaders in their respective fields. Together, we’re seizing the opportunity to develop a number of desirable Natural Resources assets.

Seventy Ninth Resources has appointed SRK Exploration and Consulting, recognised in the industry as the ‘gold standard’ of mineral exploration. SRK is a world leader in interpreting integrated data sets for target generation, including aeromagnetic, radio-metric, gravity, land sat and seismic data. Its resource estimates use the best available methods based on rigorous data analysis and sound geological assessment of ore systems, helping to provide us with a clear understanding of reliability and risk at all stages of our exploration operating model.

MSA are an independent technical consultancy providing high quality geology, exploration, mineral resource, mining and environmental solutions to the international Mining Industry. MSA’s services encompass the entire mining life cycle, from targeting and initial assessment to turn-key exploration project management, Mineral Resource and Reserve Estimation, public reporting, valuations, scoping/PEA studies and feasibility studies, mine optimisation and mine closure.

Founded in 1905, Triay Lawyers is a full-service law firm based in Gibraltar, offering a range of expert legal services to both local and international clients. Triay is considered to be at the forefront of legal services in Gibraltar, and several of its practitioners are recognised as leaders in their chosen fields by independent sources such as Chambers and Legal 500. Triay Lawyers has been appointed as legal advisor to the Company in respect of Gibraltar laws and has provided no advice in relation to the laws of any other jurisdiction.

Deloitte is a multinational professional services network headquartered in London, with offices in more than 150 countries and territories around the world. One of the ‘Big Four’ accounting organisations, Deloitte has the largest professional services network in the world by revenue and number of professionals. Deloitte work regularly with Seventy Ninth Resources, developing and deploying global corporate strategies and initiatives.

Ernst & Young Global Limited, known throughout the world as EY, represents Seventy Ninth Resources with a team offering expert advice on all legal mining matters, tax and accountancy, helping to create long-term value for Seventy Ninth Resources. Backed by industry-leading data analysis and technology, the services and solutions provided by EY help ensure our business operations meet and exceed global compliance standards.
T & T Trustees Limited ensures the security of individual’s investments by acting as a responsible and impartial custodian of Seventy Ninth Resources assets, managing the investment portfolio with fiduciary duty, and making decisions in the best interests of the investor. Through prudent management, transparency, and compliance with legal and ethical obligations, T & T safeguard the individual’s investment and work to achieve their financial objectives.
The team of experienced lawyers at Garfinkle Biderman regularly assist Seventy Ninth Resources with corporate and securities compliance matters. They are also well versed in the stock exchange listing requirements, and have successfully assisted numerous issuers seeking a listing on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV). Garfinkle Biderman has been appointed as legal advisor to the Company in respect of Canadian laws and has provided no advice in relation to the laws of any other jurisdiction.

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