Finding
a better way
to invest.
Mitchell Group is a Brisbane-based family office with over 55 years of heritage, investing and building across Resources, Energy and Infrastructure.
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We are active investors and founders. We commit capital, expertise and operational capability — often from the earliest stages of a project's life, through to maturity and exit. Our edge is not just what we invest in, but what we bring to what we invest in.
Resources
Identification, exploration, extraction, processing of the resources the world needs.
Energy
Natural gas, virtual pipelines, alternative fuels and battery energy storage.
Infrastructure & Real Assets
Power generation, LNG, electricity infrastructure, AI compute, foundational models, NeoClouds and wholly-owned real assets.
A family office built on
operational foundations.
Our foundations are operational, not financial. Mitchell Group is run by people who have built businesses from the ground up — led crews, sat in the field, and made the calls that keep an operation running when things get hard. That experience shapes how we invest today.
We are active investors. We don't sit on the sidelines writing cheques — we put our ideas to work. We become deeply involved in the businesses we back, sitting on boards, shaping strategy, and influencing decisions wherever we can add real value. It's a hands-on model built on a genuine track record of founding, building and growing businesses across the full resources, energy and infrastructure supply chain.
900+ employees. 4 continents.
55 years of heritage.
Exploration and drilling remains a significant part of the business, with companies bearing the Mitchell name now operating over 130 rigs across 10 countries — through Mitchell Services (ASX:MSV) and Mitchell Drilling International.
Our Full Story →From the Portfolio
Neu Horizon Uranium lists on ASX after $15 million IPO, backed by Mitchell Group from inception
Neu Horizon Uranium Limited (ASX: NHU) has completed its initial public offering, raising up to $15 million to fund exploration across two of the world's more compelling uranium addresses — the newly reopened uranium districts of northern Sweden and the basement rocks of Canada's Athabasca Basin. Mitchell Group, together with its partners, identified the original tenements and vended them into the Neu Horizon vehicle as a co-founder of the company, and supported the IPO raising with a further investment.
Sharon AI signs six-year compute collaboration with NVIDIA — 40,000 GPUs, 72MW of capacity
Mitchell Group portfolio company Sharon AI (NASDAQ: SHAZ) has announced a six-year strategic AI infrastructure compute collaboration with NVIDIA (NASDAQ: NVDA), underpinning the deployment of 72 megawatts of new data centre capacity in Australia and up to 40,000 Grace Blackwell GB300 GPUs — among the most advanced AI chips in the world.
CEFAM pushes ahead with QLD Centurion LNG project construction
Clean Energy Fuels Australia (CEFAM), co-founded by Mitchell in 2024, is progressing a small-scale LNG facility at Peabody's Centurion coal mine, roughly 40km north of Moranbah — an industry-first project turning gas that would otherwise be vented or flared during underground mining into a usable, distributable fuel.
Mitchell Drilling International establishes operation in Chile
Mitchell Drilling International has commenced drilling operations in Chile, supporting the group's investment in Cobre Metals (ASX:CBE) at the Sierra Atacama copper mine. The expansion into South America marks a new chapter for MDI, adding Chile to an operational footprint that spans East Africa and Australia. The move reflects Mitchell Group's integrated approach to investment — deploying operational capability directly in support of portfolio companies.
Firmus targets $8 billion valuation ahead of ASX listing
Mitchell Group portfolio company Firmus Technologies has confirmed it is raising AU$725 million at an $8 billion valuation, led by New York AI investor Coatue with participation from Nvidia. The raise is expected to be Firmus' final capital round before a planned ASX IPO in mid-2026.
Mitchell Services delivers strong first half — EBITDA up 69%, dividend declared
Mitchell Services (ASX:MSV), Australia's leading diversified drilling services company and a core Mitchell Group investment, has reported a strong first half result for FY26. EBITDA rose 69% to $21.4 million compared to the prior period, with profit after tax of $8.1 million — a significant turnaround from a $0.3 million loss in 1H25. Operating cashflows improved 96% to $20.8 million, and the business moved from a net debt position of $8.4 million to a net cash position of $7.2 million.
Remote Energy installs 2.5MWh BESS at LVMH Crocodile Farm, Northern Territory
Mitchell Group portfolio company Remote Energy has successfully installed a 2.5MWh battery energy storage system at LVMH's Crocodile Farm in the Northern Territory. Our BESS systems, with 1.8MW of peak power across all five sites, are now set up to provide the client with years of reliable service — leveraging renewables to charge batteries and deliver stable, secure power.
Loop secures AUD $3 million from Sumitomo Corporation
Loop, a technology company 40% owned by Mitchell Services (ASX:MSV), has secured AUD $3 million in equity funding from Sumitomo Corporation — one of Japan's largest and most diversified trading houses. The raise values Loop at AUD $24 million post-money, with Sumitomo taking an initial 12.5% stake and committing to further tranches that will increase its shareholding to between 20% and 25%.
Q2 Metals defines fifth largest lithium resource globally
Q2 Metals (TSX-V: QTWO) has delivered an inaugural mineral resource estimate at its Cisco Lithium Project in Quebec's James Bay Territory, confirming 295 million tonnes at 1.36% Li2O — now ranked the fifth largest lithium resource in the world. The deposit spans roughly 1.8 kilometres in strike length and remains open in all directions, with the surrounding 41,000+ hectare project area still largely untested by drilling.
Mitchell Group co-invests in NOJA Power alongside Ellerston Industrial Fund
Mitchell Group has co-invested in NOJA Power alongside the Ellerston Industrial Fund. A private, Brisbane-based manufacturer, NOJA Power is a world leader in medium voltage electrical equipment — with more than 99,000 OSM Series automatic circuit reclosers installed across 106 countries worldwide.
Anthropic raises $13 billion Series F at $183 billion valuation
Anthropic, developer of the Claude family of large language models, has raised $13 billion in Series F funding at a post-money valuation of $183 billion — nearly tripling its valuation from March 2025 and making it one of the most valuable private AI companies in the world. Mitchell Group participated in Anthropic's Series F round.
Remote Energy deploys GRIDFOLD Hybrid 20 — a first for the mining industry
Mitchell Group portfolio company Remote Energy has deployed the GRIDFOLD Hybrid 20, a 20-foot containerised hybrid power system, in its first application within the mining sector. The GRIDFOLD 20 delivers three-phase output with seamless, automatic switching across solar, battery and generator sources — providing uninterrupted power across the full generation cycle without manual intervention.
Mitchell Drilling Achieves New Core Drilling Depth Record in Zambia
Our team successfully completed a 2,875m exploration hole in the Zambian Copper Belt, setting a new benchmark for deep core drilling capability in the region.
Remote Energy powers BAI Communications' national tower network — adopted as Network Standard
Mitchell Group portfolio company Remote Energy has entered into a Master Supply Agreement with BAI Communications to deliver a 48V battery energy storage system purpose-built for broadcast tower sites. The solution performed so well it has been formally adopted as BAI Communications' Network Standard Product — BESS Type A.
Mitchell Drilling International grows to a 600-strong team
Mitchell Drilling International has grown its workforce to 600 people, a milestone that reflects the company's expanding international operations and the scale of demand for its drilling expertise across frontier markets.
Cobre Metals signs JV with BHP at Kit West, Botswana
Mitchell Group portfolio company Cobre Metals (ASX:CBE) has signed a joint venture agreement with BHP to develop the Kit West copper project in Botswana's Kalahari Copper Belt. Mitchell first invested in Cobre via drill-for-equity in 2021.
MPX-backed SQX Resources lists on ASX
SQX Resources (ASX:SQX) completed its ASX listing in February 2023, raising $5 million through its IPO at $0.20 per share. The company is focused on gold and copper exploration at its Ollenburgs and Scrub Paddock prospects, located on EPM 27257 in the underexplored Esk Basin of southeast Queensland — an area featuring known mineralisation and historical mine workings, situated near major regional infrastructure.
Mitchell Group exits investment in CitiScan Radiology
Mitchell Group has exited its majority shareholding in CitiScan Radiology, selling its stake to a private equity acquirer. Mitchell Group co-founded the Brisbane-based independent radiology practice in 2011 and held its majority interest throughout the company's growth into a multi-site provider.
Mitchell Services to acquire Deepcore Holdings for $32m
Mitchell Services (ASX: MSV) will acquire privately-owned Deepcore Holdings Pty Ltd for $32 million under a binding agreement, with the combined entity set to be one of the largest pure play drilling service companies in Australia.
Lithium Australia close the loop with VSPC acquisition
Lithium Australia's highly strategic acquisition of the Brisbane-based Very Small Particle Company (VSPC) is now only subject to shareholder approval after the successful completion of due diligence.
Kirkalocka Gold Mine sold to Adaman Resources for $12 million
A syndicate including Mitchell Group Holdings has acquired the Kirkalocka gold mine near Mt Magnet in the Mid West from China's Minjar Gold in a $12 million deal, via Adaman Resources — with plans to return the mine to production.
Mitchell Services acquires underground coal drilling firm Radco
ASX-listed Mitchell Services has entered into an agreement to acquire 100% of the shares in Radco Technologies and Radco Group for A$5.3 million in cash, diversifying its revenue through the specialist niche of underground coal drilling and gas drainage.
MSV announces acquisition of Nitro Drilling assets and fully underwritten Entitlement Offer
Mitchell Services (ASX: MSV) has entered into an agreement to acquire the assets of Nitro Drilling (in receivership) for $16.1 million, funded by a $8.5 million debt facility provided by major shareholders Mitchell Group and Washington H. Soul Pattison, and a $8.67 million fully underwritten Entitlement Offer.
HDR acquires Salva Resources
Salva Resources — a global provider of technical and commercial services to the mining exploration and investment sector, where Nathan Mitchell serves as director and investor — has been acquired by HDR, a US-based global engineering and consulting firm headquartered in Nebraska.