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ProspEx Group brings together deep mining industry expertise, financial markets experience, and cutting-edge technology. Our team combines decades of hands-on mining knowledge with proven track records in royalty finance, investment banking, and blockchain innovation to create accessible capital solutions for the resources sector.

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Digital Syndicated Royalties (DSR™)

Like stocks, but for mining royalties

ProspEx DSR™ are the future of issuing and purchasing mining royalties globally. Create your own portfolio of DSR™ assets across different mines, jurisdictions and commodities.

Syndicated Not Single

Multiple buyers can participate in the same mining revenue stream instead of one large buyer taking all. This gives companies access to broader capital sources while reducing dependency on any single buyer, creating more flexible funding relationships.

Tradeable Not Trapped

For existing royalty holders, conversion of traditional royalty agreements to DSRs unlocks the potential for liquidity and flexibility not previously available. Royalty holders can sell all or part of their royalty interests via our platform and liquidity will be enhanced once trading functionality is live, offering a regulated, tradeable market to exit positions.

Accessible Not Exclusive

ProspEx removes traditional barriers to entry for the acquisition of mining royalties and gives direct exposure to mining company production. The ProspEx DSR™ simplifies requirements for investing into royalties, developing an innovative and affordable alternative within a secure, user friendly and state of the art platform utilising blockchain technology.

Flexible Not Fixed

DSRs include buyback provisions allowing mining companies to repurchase shares as cash flow improves. Companies can regain full revenue control over time while maintaining operational flexibility and accessing needed capital today.

Our Difference

DFRs vs Equity vs Traditional Royalties

The differences that matter for mining companies choosing how to raise capital, and investors comparing asset classes.

Royalty comparison
DFRs
Digital Fractionalised Royalty
Equity
Share issuance
Traditional Royalty
Single buyer
Undiluted for shareholders
None
new shares issued
None
Cashflow priority
From gross revenue
After costs and taxes
But, single buyer
Accessible minimum investment
Fractional units
Varies, share price
$50M+ minimum
Liquidity and exit
Exchange-traded
Public markets
Illiquid, no exit
Transparency
On-chain, auditable
ASIC disclosure
Private, opaque terms
Buyback option
Mining co. can repurchase
None
Rare
Investor access
SWFs, family offices, sophisticated
Broad public access
Institutions only

How our Exchange works

Discover how mining companies and investors can thrive with our innovative DSR™ platform.

Visit the Exchange
Mining companies convert royalties into DSRs

ProspEx service includes assistance with price discovery and royalty agreement drafting. We then convert royalty agreements into a digital, fractional offering and launch to multiple investors through our secure platform. No more negotiating with single large buyers.

Buyers find and buy DSR™ interests that match their goals

Browse available DSR™ offerings with full transparency on mining projects, terms, and expected returns. Purchase DSR™ interests at accessible minimums with instant ownership confirmation. All transactions are blockchain-recorded with real-time portfolio analytics.

Automatic income with complete trading control

Receive automatic royalty payments directly to your account as mines generate revenue. Trade your DSR™ shares anytime on our planned secondary marketplace to adjust exposure or access liquidity. Track your mining revenue performance in real-time through your portfolio dashboard.

What you can do

ProspEx opens up new possibilities for mining companies, investors and financial service providers. Mining companies can access capital without the trade-offs, while investors can participate in the mining revenue streams with unprecedented price point flexibility. For brokers, we extend our platform for use to conduct capital raise via our DFR™ instrument as an alternative to, or alongside equity capital raise.

Mining Company
Investor
Broker
Raise Capital without Diluting Equity

ProspEx for Mining Companies

Access non-dilutive funding without giving up equity or locking into permanent single-buyer agreements. DFR™ give you capital raising flexibility while maintaining control over your mining operations and future revenue potential.

Raise capital without selling equity

Maintain the capital structure of your company while accessing needed capital. DFRs provide funding through revenue sharing rather than ownership dilution.

Access multiple purchasers
‍

Reduce single-party risk by spreading your DFR™ interests across many purchasers. This diversified approach allows you to realise true value from your royalties.

Buy back royalties over time

Unlike permanent traditional royalties, DFRs are able to be purchased by the payer. Repurchase DFRs as cash flow improves to maintain revenue control.

Access Mining Revenue Streams

ProspEx for Investors

Participate in steady mining income that was previously only available to large institutions and royalty companies. DFRs provide direct exposure to mining revenue with the flexibility to change your holdings over time.

Earn from mining operations

Receive direct income from actual mining production through automated royalty distributions tied to real mining revenue.

Trade when you want to

Unlike traditional royalties that lock up capital, DFRs can be sold on our digital exchange whenever you need liquidity.

Start with lower minimums

Access mining revenue streams via DFR™ with lower capital requirements, making mining income opportunities available to all investor types.

Expand Your Client Offering

ProspEx for Brokers

Offer clients access to a new asset class that combines mining revenue income potential with securities market liquidity through fractionalised digital royalties. ProspEx transforms complex institutional investments into accessible instruments that fit traditional portfolio management, giving you a competitive edge in alternative investments.

New revenue opportunities

Access previously institutional-only mining royalty investments for your retail and smaller institutional clients. Expand your product offering beyond traditional equities and bonds.

Familiar trading infrastructure

Facilitate client investments through our exchange platform that operates like traditional securities markets. Digital infrastructure provides real-time analytics and transparent pricing on a secure platform.

Non-dilutable income streams

Unlike equity investments that can be diluted through share issuances, DFRs provide direct exposure to mining revenues with built-in liquidity options previously unavailable in royalty markets.

Why ProspEx Matters

Transforming a $378 billion market that's inaccessible

The established royalty market is only 30% publicly listed, with the remainder illiquid, opaque and inaccessible. We offer royalty holders the ability to shop-front assets, exit positions fully or partially as incoming purchasers subscribe for fractions of the underlying royalty. Our platform handles the conversion of existing agreements into a DFR™, legal structuring to ensure enforceability is maintained, issuance and registry solution.

Mining projects need capital for 15-20 years before generating revenue. Creating a funding gap until 2035 of

$5.4T

ProspEx is reducing cost and structural barriers to entry, opening up the mining royalty market and attracting capital into the resources sector

Once purchasers buy royalties, their liquidity options are limited. Privately owned royalties make up

70%

ProspEx is building the first platform where royalty holders can exit positions, providing unprecedented liquidity in the royalty market

Companies get stuck with single buyers and inflexible revenue commitments. ASX companies using inflexible royalties are at

49%

Our syndicated approach spreads the royalty across multiple purchasers, in smaller parts. Miners can participate in our marketplace creating  organic buy-back optionality  

People at ProspEx

Our Leadership

Led by Chief Executive Officer & Co-founder Kassia Kazmer, our leadership team includes former Deterra Royalties executive Adrian Stone as Chief Operating Officer and Josh Hunt as General Counsel, bringing rare expertise across blockchain and resources law. Together, we're supported by high-profile industry backers and advisors who share our vision of democratising access to mining royalty investments.

Kassia Kazmer
Chief Executive Officer & Co-founder

Kassia is a qualified mining engineer from the West Australian School of Mines and has 15 years of experience across engineering, finance and technology. She held technical positions with Barrick, Newmont and Rio Tinto and later joined the Colorado headquartered, mining-focused private equity firm Resource Capital Funds. She acquired a deep knowledge of commodity capital markets, mining investment, M&A, portfolio management and mining royalties. Kassia later studied Blockchain technology at RMIT Melbourne.

Adrian Stone
Chief Operating Officer

Adrian is a seasoned executive with over 30 years of experience across geology, investment banking and mining royalties. Adrian was previously the Chief Technical Officer at Deterra Royalties and was the Director of Mining and Metals at Standard Bank, Singapore and BNP Paribas, Singapore and Perth offices. Adrian brings a wealth of expertise across project finance and global capital markets.

Josh Hunt
Director & General Counsel

Josh has extensive legal expertise across resources, technology and the areas of fintech, digital assets and distributed ledger financial technologies. He has advised clients on Corporate and M&A issues and fundraising transactions with a focus upon larger private and mid-cap Listed entities with projects throughout Australia and internationally. He is a Founder of blockchain based businesses and sits on advisory boards and associations.

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