Investing in companies that are finding 'a better way', the Mitchell Group are open to exploring all investment opportunities that fit our philosophy.

Current InvestmentS

Mitchell Services

In late 2013 the Mitchell Group re-entered the Australian drilling market via a roll-in transaction with Drill Torque Ltd (ASX:DTQ).   

The company was re branded to Mitchell Services (ASX:MSV), and Mitchell's took over management and operation of the company. Utilising our strong drilling DNA and name, Mitchell Services are filling gaps in the market where service and safety can be maintained at the highest levels, using innovation and experience to service the resource industry in a better way.

In late 2014, Mitchell Services acquired the assets of Tom Browne Drilling Services from receivers for $9.5m. In 2015 the company continued it's consolidation and acquired the assets of Nitro Drilling for $16.12m. In 2018 MSV acquired Radco Drilling. Following these acquisitions, MSV has consolidated it's position as a leading provider of drilling services to the Eastern Australian market, now operating a fleet of 65 drill rigs.

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Adaman Resources is a privately owned resource investment company established in 2017 by the owners of the three independent mining services companies, Nathan Mitchell of Mitchell Group, Danny Sweeney of SMS Mining and Mark Rowsthorn of Rivet Mining Services.

Adaman Resources is advancing two gold projects in Western Australia, after acquiring the Corinthia Gold Mine and the Kirkalocka Mine from Minjar Limited. In July 2018 underground mining commenced at the Corinthia Project. Recommencement of mining and processing activities at Kirkalocka via the company owned 2Mtpa processing plant is , expected in Q1 2019.

Adaman Resources is fronted by CEO Craig Bradshaw, a highly experienced mining executive whose previous role was Chief Operating Officer of Saracen Minerals.

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XLM was created to provide the IIoT backbone for mining, industrial and military clients. XLM designs, manufacture and supply all facets of the IIoT backbone, specialising in end products that lead directly to efficiency gains.

Power. Devices. Connectivity. Platform. Analytics

XLM clients list include BHP, Thiess, AngloAmerican, US department of Homeland Security, Hastings/CAT, Sedgemens.

XLM enable their clients to transform their service-centric operations to provide innovative, value-added technology solutions that solve real-world business challenges across their operations. Mitchell Group invested in XLM in 2018


The Mitchell Group co-founded and seeded Sub161, and built a strategy of displacing high cost, heavily polluting diesel with gas, for locations off the existing gas and electricity network. Sub161 offers it's customers diesel replacement solutions in the form of LNG and CNG distribution.

In 2014 Sub161 completed construction the company's first compressed natural gas facility in Port Hedland to service the Pilbara Region. The project was the largest single customer CNG project in the world. The facility has a capacity in excess of 10Tj/day and is capable of displacing over 220,000 liters of diesel per day. The company continues to explore virtual pipeline opportunities across Australia.


Mitchell Drilling International

After the sale of the Australian drilling operations to AJ Lucas in 2008 for A$170 million, the Mitchell Group ventured offshore and set up drilling operations in Africa, China, India and Russia. The business expanded rapidly on the back of the Mitchell’s pioneering drilling technology and unrivalled capabilities. The business has successfully completed major projects for many international tier 1 clients around the world.  In 2010 an operation was established in Mozambique on the back of securing a contract with Riversdale/Rio Tinto Mozambique. In 2013 Mitchell Drilling India was sold and MDI exited China and Russia to focus on opportunities in Africa. Today, Mitchell Drilling International has focused it's operations in East and West Africa, where the company utilities it's fleet of 25 rigs, to provide industry leading drilling services across the region. In 2019 Mitchell's international drilling operations currently employs over 200 staff. 

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Battery Minerals Limited , an ASX listed company (ASX:BAT) is a diversified mining development and minerals exploration company focussed on development of it’s graphite mine in Mozambique.

Mitchell Group has progressively invested in Battery Minerals since 2015, by way of a number of drill for equity transactions. The projects are expected to come into production in late 2018 and 2021 respectively. 

Tlou Energy

Tlou Energy is Southern Africa’s most advanced CBM natural gas exploration company, with its flagship project located in Botswana. After co-founding the company in 2009, Nathan Mitchell has remained Executive Chairman of the board, where he has led the company to a successful listing on the ASX in 2013 (ASX:TLO).

Tlou aspires to supplement the energy needs of the rapidly growing southern African region through supplying cleaner, natural CBM gas to generate new electrical energy as well as to replace existing diesel and coal fired power generation. The investment in Tlou is consistent with the Mitchell Groups philosophy of targeting projects that provide a bridge to cleaner energy sources.

Mitchell Equipment Hire

The Mitchell Group created Mitchell Equipment Hire to service the drilling industry with equipment that is engineered in a better way with experience that spans over 40 years.

Providing state of the art, mobile equipment, Mitchell Equipment Hire is able to offer complete drilling rental solutions to all facets of the drilling indu. MEH utilities its own fleet of drill rigs, mud pumps, air compressors, generators and various machinery and equipment.


The Mitchell Group invested in CitiScan Radiology to provide a better way for the patients in Brisbane's CBD to access state of the art services, operated by a team of experienced specialists who are committed to providing professional medical imaging with a high level of personalisation. The Citiscan facilities offer full imiaging services including MRI, CT, X-ray, Ultrasound, Neuclear Medicine, Bone Mineral Desnitomitory and Dental Imaging.

After successfully operating in the CBD since 2011, CitiScan has grown to one of the leading diagnostic imiaging practices in QLD. In 2016 Citiscan opened a second location at Acacia Ridge.

VMW Engineering

VMW Engineering is one of Australia’s leading manufacturers of consumables for the drilling industry. As part of Mitchell Groups vertical integration strategy, an equity stake was taken in VMW Engineering in 2008 to gain the benefit of service provision to a number of Mitchell’s drilling investments. VMW’s exceptional staff have more than a combined 100 years’ experience in manufacturing for the Drilling industry. VMW continue to supply timely, certified products ensuring minimum down time on valuable drilling rigs.

Verso Energy

The Mitchell Group founded Verso Energy, and is committed to finding a cleaner alternative to satisfy the world’s growing energy needs, in the move towards more sustainable alternatives. 

Whilst natural gas is part of the transition away from coal, the development of coal seam gas is creating a new set of environmental challenges.  Verso believe that no resource should be obtained at the expense of groundwater, clean air and prime agricultural land and is currently developing a pilot project that will overcome these challenges.

Verso is seeking to change the way that coal is viewed as an energy source.  It is no longer something to be mined and burnt, and there is no need to be fracking or draining water for a small amount of gas.

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Mitchell Ports

Mitchell Ports was developed to provide the coal industry with a better way to export coal without the need to over capitalise large scale ports which create significant environmental impacts.

Mitchell Ports are able to deliver staged growth, low cost and low environmental impact port solutions to an industry that has lost its way in regards to the acceptance of high cost, traditional port development.


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A better way to inter-connect to guests, that is easier, scalable, consistent and commercial.

Delivering a suite of services in one platform, Lifestylepanel (LSP) is a cost effective, reliable and scalable product that is designed to improve guest experience and build customer loyalty.

LSP has developed a unique technology which delivers superior guest entertainment services and Wi-Fi connectivity into accommodation facilities. It integrates with the facilities’ PMS without the need for expensive re-cabling and capital expenditure. Our current clients include hotels, aged care facilities and remote accommodation facilities such as mining camps across Asia Pacific, Europe, Middle East & North America.

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Global Road Technology (GRT) India is deploying a wide range of innovative products to deliver dust and erosion control, soil stabilisation, and water management solutions for the mining, civil, industrial and rural sectors.

Mine access, dust and erosion control, and mineral storage and transportation present considerable budgetary, logistical, safety and environmental challenges. Catering to large-scale operations, GRT India specialises in the design, development and maintenance of haul roads, spray system additives, access roads, hardstands, lay-down yards and even water storage.

With a product range that offers ‘total site management’, GRT can create cost saving opportunities and reliable management strategies for underground and open cut mining infrastructure in all conditions and purposes as either a retrofit solution or designed into new developments.

Carbon Energy

As part of the Mitchell Group’s commitment to find a cleaner alternative to satisfy the world’s growing energy needs, an investment was made in Carbon Energy (ASX:CNX) in 2008. Carbon Energy is an emerging global energy technology provider and services company with expertise in unconventional syngas extraction through utilising its proprietary keyseam® underground coal gasification (UCG) technology.

The Mitchell Group gained a stake in the company by way of a significant drill for equity in which Mitchell’s undertook exploration and horizontal well drilling for the company on its Queensland assets.


Past Investments

WestSide Corporation Limited

WestSide Corporation Limited (ASX code: WCL) is a publicly listed Brisbane-based gas producer with significant reserves and exploration interests in Queensland. WestSide operates the Meridian Seam Gas gasfields 160km west of Gladstone in Queensland's Bowen Basin in a joint venture with Mitsui E&P Australia. Nathan Mitchell was appointed to the board in December 2008 and assisted in building WestSide into  the country’s leading junior gas producer.  In 2014 The Mitchell Group successfully exited their investment in WestSide by way of an off market share sale to Landbridge Energy Australia.


Salva Resources

Salva Resources (now HDR Salva), is an exporation, mining and commodities consultancy providing services to some of the worlds largest mining an investment firms around the world. In 2009 the Mitchell Group made a cornerstone investment in the start-up company, backing management and a clear strategy to become a leader in the provision of exploration and consulting services. In 2011 Salva Resources was the 9th fastest growing company in the country (BRW awarded) and had expanded with offices in Brisbane, London, Jakarta, Mongolia, and Kolkata. Nathan Mitchell sat on the board from 2009 to 2013 at which stage the Mitchell Group exited its investment in Salva Resources as part of a trade sale to US engineering giant, HDR Inc.

Millennium Coal

Millennium Coal mine is located in the Bowen Basin and is currently owned and operated and Peabody Energy.   The Mitchell Family seeded Millennium Coal by way of a drill for equity, backing Edik Choros and his vision to develop a leading metallurgical coal mine in Queensland. The Mitchell Family exited their investment in Millennium Coal was in 2005, by way of a takeover by Australia’s then largest independent coal producer, Excel Coal for A$150 million. The mine was subsequently purchased and developed by Peabody Energy in 2006.  

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Sunshine Gas Limited

The Mitchell Family co-founded Sunshine Gas in 2002 through a combining of gas exploration blocks with Tony Gilby.  After Sunshine successfully listed n the ASX, the Mitchell Family completed exploration and production well drilling on Sunshine's tenements over a number of years.   In 2008 the Mitchell Group existed their investment as a part of a takeover by Queensland Gas Company (QGC) for A$830m.

Mayur Resources

Mayur Resources is a pioneering diversified mineral exploration and development company founded in part by the Mitchell Group. The company is focused on building Papua New Guineas first diversified mineral development group. The Mitchell Group co-founded the business on the back of the huge potential for resource development and close proximity to target markets. After securing various valuable coal, Iron Sands and copper/gold leases in PNG the Mitchell Group existed the business by way of a private share sale. Mayur was listed on the ASX in 2018.



An Australian-based technology company, VSPC Ltd (VSPC) has developed and patented processes for the cost-effective manufacture of high-purity, nano-scale complex metal oxides and other materials suited to a diverse range of applications currently in high demand worldwide.

VSPC’s nanotechnology enables efficient production of high-performance cathode powders and similar materials for use primarily in Lithium-ion (‘Li-ion’) batteries.

At its electro-chemistry laboratory and pilot production facility in Brisbane, Queensland, VSPC designs, creates and supplies high-purity, high-performance, nano-scale complex metal oxides and cathode materials – from initial research through to pilot-plant (current) and (ultimately) large-scale manufacture.

The Mitchell Group seeded VSPC in 2012. Mitchell Group exited it’s direct investment in VSPC in 2018 by way of a takeover by Lithium Australia (ASX:LIT)


Born from the idea of finding a better way to connect people to remote mining locations, AVMIN are now industry leaders in providing cost effective aircraft charter solutions and logistics consultancy to a wide range of industries both domestically and internationally. The Mitchell Group, via its investment in Salva Resources, provided seed investment to the AVMIN business in 2012, seeing first hand the need for professional chartering services to the resources industry. The Mitchell Group exited it’s investment in AVMIN by way of a private share sale to Flight Center Limited (ASX:FLN).

Ambre Energy

Ambre Energy’s goal is to provide affordable energy to both the US and to Asia’s modern and emerging economies.  In 2008 the Mitchell Group made a significant investment in the company through a combination of a drill-for-equity mechanism and a traditional equity injection. The Mitchell Group is  backing the company to deliver its environmentally friendly port solutions. Ambre Energy is operating and expanding the Millennium Bulk Terminals-Longview facility in Washington State (with joint venture partner Arch Coal) while also developing the proposed Morrow Pacific project, a coal barging and transloading operation in Oregon, USA. Ambre is cleaning up the Millennium Bulk Terminals at Longview, Washington State – transforming the former aluminium smelter site into a world-class, economically vibrant and environmentally responsible port facility. Further, Ambre are the operator and co-owner of two thermal coal mines – Black Butte mine in Wyoming and Montana’s Decker mine.

Q Energy

In 2009 the Mitchell Group invested in QEnergy, a Brisbane based energy retailer with a strategy of servicing the energy needs of small business. The private company now services 17,500 customers in five States and has grown from an initial staff of 2 in 2009, to over 60 in 2014. The Mitchell Group seeded QEnergy in its initial development, backing management in it’s approach to provide better value, service and supply to small businesses across the country. 

Mitchell Group exited it’s investment in 2019 by way of a takeover of the company by B-Green (Australia) Pty Ltd.