APAC Resources Limited (SEHK:1104; OTC:APPCF), an investment holding company founded in 2006 and headquartered in Wan Chai, Hong Kong, principally engages in natural resources investment, commodity trading, and principal investment and financial services. The company operates through three main segments: Commodity Business, involving trading of metals, mining products, and energy commodities primarily in Hong Kong, the People's Republic of China, Australia, and the Philippines; Resource Investment, holding strategic stakes in listed and unlisted energy and natural resources companies such as Mount Gibson Iron Limited (iron ore mining in Western Australia), Tanami Gold NL (gold exploration in Australia), Metals X Limited (tin production in Australia), and Prodigy Gold NL (gold resources in Australia); and Principal Investment and Financial Services, providing loan financing, money lending, investment in loan notes and financial assets, corporate management consultancy, and metallurgy technology services. Its commodity trading activities focus on base metals and energy products with operations centered in Hong Kong and Shanghai, while resource investments target emerging and producing companies for long-term cash flows and capital appreciation. Recent developments include the completion of a 0.34% stake acquisition in Dragon Mining Limited and recommencement of iron ore offtake from Koolan Island following mine restart operations, alongside expectations for fiscal year 2025 profit between HK$160 million and HK$240 million as announced in September 2025.