Baker Steel Resources Trust Ltd is a closed-ended investment company that invests in the natural resources sector, focusing on equities, loans, royalties, and related instruments of companies involved in the exploration and production of base and precious metals, as well as other commodities. The trust primarily targets unlisted companies, aiming for long-term capital growth. Its investment management is conducted by Baker Steel Capital Managers LLP, which utilizes its expertise in the natural resources market to identify undervalued opportunities.