Independent

We are independent and will always provide expert advice in the best interests of your project and company. Clients can trust us to speak our minds and speak up early so we can minimise surprises, address any issues in advance and plan ahead for a successful outcome.

Direct Experience

With extensive experience in arranging and leading corporate and project debt financing at major banks and most recently at NAIF, an Australian federal government financier, we are uniquely placed to support to you in raising financing from a diverse mix of financiers.

Full Lifecycle Support

We provide support through the full lifecycle of your financing from initial funding strategy and modelling to obtaining loan approvals and financial close to ongoing financier advocacy.

About Us

Expert independent advice for tailored financing solutions

Naust Capital was established with the mission of offering expert independent advice and practical execution support to businesses seeking to raise or refinance debt finance from a variety of sources, including traditional bank financiers, non-bank financiers, and government entities.

As traditional bank finance becomes increasingly limited, government and other non-traditional financiers are stepping in as vital funding sources for projects. Engaging advisors like us, who possess in-depth knowledge of both private and public financing options, can make a significant difference in successfully raising necessary capital, influencing both the terms and cost of capital materially.

Having arranged and led corporate and project debt financing at major banks and most recently at the Northern Australia Infrastructure Facility, we provide services to clients in the Resources, Engineering Services, Energy, and Infrastructure sectors. Our team, which also has a proven track record of successfully assisting with government grant applications, is uniquely positioned to offer pragmatic and direct advice to clients.

Our vast expertise spans a broad spectrum of financial, commercial, and strategic issues, enabling us to deliver holistic solutions that best fit our clients' needs.

What We Offer

The team at Naust Capital has a strong track record in financial services in the Resources, Engineering Services, Energy and Infrastructure sectors developed across the spectrum of lender, borrower and advisor roles. We have extensive experience in advising on bespoke fit-for-purpose debt capital solutions and facilitating the arrangement of project and corporate financing. Furthermore, we have a proven track record in assisting with government grant applications.

INDUSTRY COVERAGE
  • Resources
  • Engineering Services
  • Energy
  • Infrastructure
  • Property
  • Agriculture
FUNDING SOLUTIONS
  • Project Finance
  • Corporate Debt
  • Acquisition Finance
  • Leverage Finance
  • Asset Finance
  • Trade Finance
  • Government Grants

CAPITAL ADVISORY

Performing cashflow modelling and option analysis to determine the financial viability and bankability of projects/businesses including the equity and debt mix and type of debt products and providers used to finance the project / business.

COMMERCIAL STRUCTURING

Providing advice on the development of financial structures, formulating the terms of commercial agreements and structuring relationship arrangements between a range of stakeholders. It includes supporting the development and negotiation of offtake and construction contracts with a focus on bankability.

DEBT ARRANGING

Preparing debt information memorandums, development and negotiation of debt options and financing terms, co-ordinating and running independent due diligence required by financiers and supporting the entire process to financial close.

FINANCIAL MODELLING

Development and/or amendment of financial models to the required standard of financiers including development of base case assumptions, debt sizing criteria and scenario analysis.

RISK ASSESSMENT

Identifying and assessing project/business specific risks as well as general macro risks that financiers will consider in their respective credit assessments. We also review and propose potential risk mitigation measures to assess the impact on the overall credit risk profile from the perspective of the debt financiers.

FINANCIER ADVOCACY

Providing ongoing support to companies post-financial close. In our experience it is common for a project or business to require amendments or approvals to financing arrangements during the term of the debt facilities. We can assist you in achieving the best outcome with your financiers in these situations.

GOVERNMENT GRANTS

Assessing suitability to government grant guidelines and preparing compliant grant applications in accordance with the grant guidelines to maximise the chances of success.

Our Team

PATRICK LEUNG
PATRICK LEUNG
Principal
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PETER ROSS
PETER ROSS
Consultant
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JEFF SOONG
JEFF SOONG
Consultant
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CAUE ‘PAUL’ ARAUJO
CAUE ‘PAUL’ ARAUJO
Technical Advisor
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Chethan Nooji
Chethan Nooji
Consultant
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Byron Benvie
Byron Benvie
Consultant
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Ga Vin Lee
Ga Vin Lee
Consultant
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Ben Talbot
Ben Talbot
Consultant
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Our Experience

Tungsten Mining NL (TGN)
Mount Mulgine Tungsten Project (MMP)

Critical Minerals Development Program
May 2023 Grant Award
  • Advised TGN on successfully securing a $1m federal government grant via the competitive Critical Minerals Development Program (CMDP)
  • Funding to explore low-cost development options of the MMP and the downstream production of Ammonium Paratungstate

Kimberley Mineral Sands Pty Ltd (KMS)
Thunderbird Mineral Sands Project

$160m NAIF Loan
Mar 2022 Investment Decision
Sept 2022 Financial Close
  • Advised KMS on refreshing and upsizing NAIF loan approval from $95m made in Aug 2018 and advised on harmonising NAIF terms with Private Equity co-financing
  • One of the only project financed mineral sands projects in Australia

BCI Minerals Limited
Mardie Salt and SOP Project

$450m NAIF Loan
Dec 2020 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • Largest WA and Resources NAIF loan approved to date

Australian Potash Corporation
Lake Wells SOP Project

$140m NAIF Loan
Mar 2021 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • First NAIF loan approved outside of NAIF area

Kalium Lakes Limited
Beyondie SOP Project

$74m NAIF Loan
Feb 2019 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • First SOP development loan to achieve financial close in Australia

OMSB Pty Ltd
Onslow Marine Support Base

$16.8m NAIF Loan
Sept 2017 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • First NAIF loan approved

Strandline Resources Limited
Coburn Heavy Mineral Sands Project

$150m NAIF Loan
Jun 2020 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • One of the only project financed mineral sands projects in Australia

Pilbara Minerals Limited
Pippingarra Road Upgrade Project

$19.5m NAIF Loan
Aug 2018 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • NAIF loan designed to incentivise the private sector to invest in the multi user and publicly owned asset

Sheffield Resources Limited
Thunderbird Mineral Sands Project

$95m NAIF Loan
Aug 2018 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • One of the only project financed mineral sands projects in Australia

Alinta Energy
Chichester Solar Gas Hybrid Project

$90m NAIF Loan
Feb 2019 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • Concessional loan to assist Project against cheaper options with no renewables

Australian Aboriginal Mining Corporation
First Iron Project

$12.5m NAIF Loan
Sept 2019 Investment Decision
  • Deal Lead at NAIF with direct involvement in structuring
  • Australia’s first substantially Indigenous owned iron ore mine

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