Conviction,
built from bottom up.
Independent research, financial modelling and advisory for the metals, mining and energy-transition sectors. Built bottom up from the deposit, the deal, and the data.
From the pit to the prospectus,
the deposit to the deal.
Transaction Advisory
Mine-to-market integrated financial models for buy-side M&A and project finance. Built from first principles, sized for credit and investment committee scrutiny.
- • Multi-asset, multi-commodity models
- • DSCR sculpting & debt sizing
- • Base / downside / upside scenarios
- • Diligence memos & committee decks
Equity Research
Full-initiation reports and ongoing coverage of listed metals & mining companies. Bottom-up DCF, comps, resource & reserve evaluation, technical risk assessment, investment thesis.
- • Initiation reports
- • Pre-initiation screening & thesis notes
- • Peer & transaction comparables
- • Maintenance & event-driven updates
Energy Transition Research
Bottom-up research on the financial mechanics of the transition. Coal phase-down economics, critical-mineral supply chains, and the credibility of corporate transition plans.
- • Phase-down & reclamation cost models
- • Transition-credibility assessments
- • Critical-mineral policy papers
- • Commissioned think-tank research
The sectors we cover.
Gold
Copper
Lithium
Iron Ore
Nickel
Aluminium
Rare Earths
The work,
on the record.
- 01M&A · Asia-Pacific · US$1.4bn
Multi-asset M&A mandate for a Tier 1 mining conglomerate
Transaction spanning mining, downstream metallurgy and integrated renewable-thermal power. Delivered the financial due diligence, integrated mine-to-market financial model, investor presentation, and Comprehensive Information Memorandum. Built bottom up; presented to senior client leadership and investment committee during live deal execution.
- 02Equity Research · ASX
Initiation coverage of 14 ASX-listed junior miners
Commissioned by a recognised Australian stockbroker. Gold, copper, lithium, rare earths, nickel and battery materials. 10 full initiation reports and 4 prima facie assessments. Bottom-up DCF, comparables and technical due diligence on each.
- 03Transition Research · APAC
Transition-finance research for an established APAC public policy think tank
Two concurrent mandates with the same client.
- •Transition-credibility assessment of 11 APAC energy providers (ex. Australia and China). Capital-raising capacity, ESG alignment, financial robustness. Published as a research series for think tanks and financiers.
- •Policy paper on Indonesia's nickel and stainless-steel value chain. SME inclusion, manufacturing depth, greener industrial policy.
- 04Project Finance · APAC
Full transaction lifecycle on US$250m – US$2.7bn project finance and syndicated lending
While at ING CIB Singapore. Seven transactions across nickel, lithium, iron ore, gold, copper-gold and green ammonia. Full lifecycle: credit applications, scenario analysis, structuring, ESG diligence. Australia · Indonesia · Mongolia · India.
- 05Policy · India
India's 30-year coal phase-down economic outlook
Commissioned by an established Indian public policy think tank. Bottom-up reclamation, livelihood, retraining and renewable-buildout cost model. Peer-reviewed by WRI, IEA and PCC South Africa. Used by policymakers for transition-finance planning.
Published,
peer-reviewed.
- 2025Critical minerals · Industrial policy
A Dual-Track Approach to Mineral-Led Industrialisation in Indonesia
Established APAC public policy think tank
- 2024Transition finance · Framework
Just Transition, Just Finance
Established Indian public policy think tank
- 2023Transition finance · Cost modelling
Just Transition Costs and Cost Factors
Established Indian public policy think tank
- 2022Mine closure · Legal framework
Just Transition of Unprofitable and End-of-Life Mines: A Legal Assessment
Established Indian public policy think tank
- 2019Mining operations · Predictive modelling
Predictive Modelling of Blast-Induced Ground Vibration and Air Overpressure
International conference proceedings
Preet Kumar.
Founder & Principal
Summit Rock
Preet Kumar is the founder and principal of Summit Rock, an independent research, financial modelling and advisory practice for the metals, mining and energy-transition sectors. The practice serves investors, lenders and policymakers across the Asia-Pacific.
Brings nine years across the value chain: finance, consulting, commercial and operations. Project finance at ING CIB Singapore on metals, mining and renewables transactions from US$250m to US$2.7bn across Australia, Indonesia, Mongolia and India. A 30-year coal phase-down economics model for an established Indian public policy think tank, peer-reviewed by WRI, IEA and PCC South Africa. Five years in operations and commercial development at Orica India, where he was the company's youngest regional manager and was twice recognised at Asia-Pacific level.
Current mandates under Summit Rock span M&A advisory for a Tier 1 mining conglomerate, ASX equity research for a recognised Australian stockbroker, and transition-finance research for an established APAC public policy think tank. B.Tech, Mining Engineering, Indian Institute of Technology; MBA, Nanyang Technological University. Management Committee, Singapore Mining Club.
New engagements
by introduction.
For a scoping call on transaction advisory, equity research or energy transition research, write directly.