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Enriching Lives Creating Value

Established by British entrepreneur David Webster and his sons, Jake and Curtis, Lusso Tesoro has its foundations in an honest and trusted, family-run asset management company. Targeting distressed mines, Lusso Tesoro owns seven gold mining concessions across the West African region.

David and his sons have spent the past eight years on the ground in West Africa, building relationships with tribal elders within communities, developing invaluable knowledge of the mining sector in the Republic of Guinea. As directors of the parent company, the 79th Group, they have more than 30 years’ collective experience in purchasing distressed assets globally.

Our Strategy for Success

A Wealth of Expertise

We are a family-run business that invests alongside our stakeholders. Our team has decades of experience in mining, finance, and strategic acquisition of distressed assets.

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Incorporated in five countries including US, Canada, Gibraltar, UK and UAE
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Mining concessions owned Across West Africa
£14BN
Identified gold deposits from neighbouring mines
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Years experience in asset management
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Target mining concessions we plan to acquire by 2021
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Accreditations from Leading organisations

Working with Global Leaders

SRK Exploration is a global leader in delivering international consultancy services to clients, with many years spent servicing the world’s leading mining companies.

Contracted by Lusso Tesoro to advise on all matters regarding the identification and exploration of potential mining sites. We benefit from their extensive experience within the industry and allow their expertise to guide us when purchasing a mining concession.

All Our Strategic Advisors
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“I’m coming to the end of my career and it would be great to look back and say that was the project where everybody did the right thing at the right time”

– BILL KELLAWAY, CHAIRMAN SRK EXPLORATION

Our Management Team.

Jake 1
Jake Webster
Managing Director
Extensive Portfolio Management
Qualified Diamond Grader
Dave New
David Webster
Chairman
One of the UK’s Leading Entrepreneurs
Experience in Asset Management
Curt 1
Curtis Webster
Investment Director
Experience in Investor Relations
Global Fund Distribution Management
team 4 min
Phillip Jones
FFA FACPA FTTA Board Advisor
Fellow of the Institute of Financial Accountants
Faculty of Taxation and Advisor
team 5 min
Andy Cole CBE
Non Executive Director
Commander of the Order of the British Empire
Senior Director at HM Revenue and Customs
team 6 min
Adrienne Kelbie CBE
Non Executive Director
Commander of the Order of the British Empire
Executive Coach & Non-executive Director
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The Value of Building
Sustainable Communities

After spending many years within the Siguiri Basin, building relationships with locals, Dave Webster and sons Jake and Curtis witnessed first-hand the hardships faced by the community and vowed that Lusso Tesoro would never purchase a mining concession without implementing plans to benefit the local people.

Through a suite of internal protocols and policies, including our bespoke ESG policy,  which has been carefully crafted using their personal experience of time spent on the ground, the Webster family will ensure that their presence within the Republic of Guinea benefits the local people, environment, and wildlife for generations to come. Their values and ethics are clear and non-negotiable: trust, honesty, and integrity.

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  • Fund the creation of a local school, medical centre, and medical staff
  • Offer local employment with enhanced pay and safety measures to artisanal miners
  • Supply tools, equipment, and training to enable further agricultural possibilities
  • Provide access to clean water
  • Regenerate each concession
  • Support wildlife sanctuaries
  • Maintain their commitment to funding the Republic of Guinea Football Association youth training project to offer tests, trials and internships in different clubs and centres abroad

Working With Key Strategic Advisors is Integral

Commercial partners are integral to the success and stability of any business but even more so in the exploration and management of mining projects. Lusso Tesoro’s commercial partnerships have been nurtured over the past eight years for their respective expertise in delivering key services specific to our business.

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SRK Exploration

SRK Exploration is one of the world’s leading mineral exploration experts, we work closely with their specialists to identify potential mining concessions within the Republic of Guinea. Their expertise is key to our strategy of purchasing distressed mining assets.

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Castle Trust Group

The Castle Trust Group is regulated by the Gibraltar Financial Services Commission. The Group has extensive experience acting as a wholly independent Security Trustee. Providing advice and guidance with the onboarding of investors including due diligence, anti-money laundering and know your client checks. Castle Trust offer our investors the security to know the 79th Group of companies are adhering to strict compliance and governance policies.

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Ey – Ernst & Young

At Ernst & Young, their purpose is to build a better working world. The insights and quality services that they provide help build trust and confidence in the capital markets and economies across the world. Ersnt & Young develop outstanding leaders to deliver on their promises to all stakeholders. In so doing, they play a critical role in building a better working world for people, clients and communities.

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Fieldfisher LLP

Fieldfisher LLP is a European law firm with market-leading practices in many of the world’s most dynamic sectors. A forward-thinking organisation with a particular focus on technology, financial services, energy & natural resources, and life sciences.

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Nimba Conseil

Nimba Conseil are experts in both business law and mining law within the Republic of Guinea and are the preferred in-country partner of Fieldfisher LLP. Local legal advisors are essential in ensuring we comply with all local laws and understand fully the socio-economic impact of our projects.

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JMW Solicitors LLP

JMW Solicitors is a full-service law firm providing legal services and advice for both businesses and individuals with over forty years of experience in the industry.

Environmental, Social, & Governance

ESG is at the heart of our operation. We understand how to meet the needs of the present without compromising the needs of the future.

Our commitments are both achievable and sustainable as they consider global impacts such as environmental footprint, culture, and economics. We continuously review the usage of materials, energy, emissions, and waste as part of our ongoing commitment. We evidence our improvements through external auditing bodies which are aligned to international standards.

Our approved participation in the United Nations Global Compact and #BEBOLD movement encourages transparency in reporting on our commitments.

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Featured Press Releases

A Statement from Our Chairman

A Statement from Our Chairman

After recent news about the political change in the Republic of Guinea, we’d like to assure our clients and investors…
Regulatory Specialist Joins The 79th Group As Non-Exec Director

Regulatory Specialist Joins The 79th Group As Non-Exec Director

The former chief executive of the Britain’s nuclear safety regulator, Adriènne Kelbie CBE, has joined the board of the growing…