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Wyloo Metals Pty Ltd
Wyloo Metals is the Perth-based family office of Andrew and Nicola Forrest, investing in critical minerals for the energy transition.
Wyloo Metals Pty Ltd
Wyloo Metals Pty Ltd was formed in 2012 by Andrew and Nicola Forrest, the founders of Fortescue Metals Group, one of the world's largest iron ore producers. The firm operates as a single-family office with a focused mandate on metals and mining investments central to decarbonisation. The firm targets battery-mineral assets — nickel, lithium, copper, and rare earths — via direct equity stakes, project development, and offtake agreements. Its known portfolio includes a 100% ownership of the Kambalda nickel project in Western Australia and a controlling stake in the Ring of Fire chromite deposit in Canada. Wyloo Metals has also invested in junior explorers and developers across Australia and Africa (public record). Wyloo Metals is part of the broader Forrest family investment ecosystem, which includes the iron ore giant Fortescue and the green-energy arm Fortescue Future Industries. The firm employs a small team of mining and finance professionals based in Perth. In 2023, Wyloo Metals made a A$760 million bid for Mincor Resources, a nickel producer, but the deal was withdrawn after regulatory conditions were not met (per Reuters, 2023). Unlike many family offices that diversify broadly, Wyloo Metals maintains a narrow focus on upstream mining and mineral processing. This structure reflects the Forrest family's operational expertise in mining and a conviction that critical minerals will supply the energy transition for decades.
General information
Firm type
Single Family Office
Year founded
2012
AUM
500 - 1,000 million AUD (Altss estimate)
Location
Region
Oceania
Country
Australia
City
Perth
Corporate office
Perth, Australia
Principals
Andrew Forrest
Founder
Nicola Forrest
Co-founder
Peter Johnston
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs Wyloo Metals?
Wyloo Metals is led by CEO Peter Johnston, with investment decisions overseen by the Forrest family. Andrew and Nicola Forrest founded the firm in 2012 after building Fortescue Metals Group into a major iron ore producer.
What is Wyloo Metals' investment strategy?
The firm invests directly in mining and metals projects, focusing on battery minerals like nickel, lithium, copper, and rare earths. It takes controlling stakes in projects and also finances junior explorers, with a portfolio spanning Australia, Canada, and Africa.
How much capital does Wyloo Metals manage?
Wyloo Metals does not publicly disclose its AUM. Industry estimates place its capital base in the range of 500 million to 1 billion Australian dollars, drawing from the Forrest family's wealth from Fortescue Metals Group (Altss estimate).
Does Wyloo Metals invest outside of mining?
No — Wyloo Metals maintains a strict focus on mining and mineral processing, particularly metals required for the energy transition. The Forrest family's broader investment ecosystem includes Fortescue Future Industries (green energy) and philanthropic activities via the Minderoo Foundation.
What is Wyloo Metals' relationship to Fortescue Metals Group?
Wyloo Metals is a separate family-office entity from Fortescue Metals Group, though both are controlled by the Forrest family. The firm operates independently of Fortescue but may co-invest in certain opportunities where their mandates align.
Has Wyloo Metals made any large acquisitions?
In 2023, the firm made a A$760 million bid for Mincor Resources, a Western Australian nickel producer. The deal was withdrawn after regulatory conditions were not met (per Reuters, 2023). Wyloo Metals also acquired the Ring of Fire chromite project in Canada earlier.
How does Wyloo Metals source deals?
The firm sources proprietary deals through its industry network, relationships with junior miners, and direct project evaluations. It also participates in public market transactions for resource companies.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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