Projects & Royalties

Ashburton (Merlin)

Project: Ashburton (Merlin)
Commodity: Gold
Royalty: 2.5% Gross Royalty
Subsidiary: Altus Royalties Holdings Ltd
Location: Australia
Deposit Style: Mesothermal, orogenic lodestyle gold mineralisation within structurally controlled quartz veins
Key Attributes: Located 5km northwest of Paulsens Gold Mine and ~0.5Mpta mill
Asset Stage: Applies to Exploration Licence 08/1649, Prospecting Licence 08/516
Results: 542kt at 1.3g/t for 22koz Au (2021)
Next Phase of Work: Exploration
Deal Partner: Northern Star Resources (NST.ASX)
Deal Terms: Acquired from Newcrest Mining

Project Overview

The tenements are located in Western Australia, 190km west of Paraburdo, and prospective for economic gold mineralisation. There are a number of mines in the region, including the Paulsens gold mine (5km truckable distance) and the former Mount Olympus gold mine (200km away), both hosted by the Nanjilgardy Fault. There is a surface Mineral Resource of 542kt at 1.3g/t for 22koz of contained gold. Of this, 98kt at 1.6g/t for 5koz are Indicated Resources with a further 444kt at 1.2g/t for 17koz of Inferred Resources.  

Royalty Overview

Altus owns 50% of a royalty of 2.5% on the sales proceeds of gold and other minerals mined from Exploration Licence 08/1649 and Prospecing Licence 08/516. The royalty deed was orginally established between Newcrest and Sipa Resources in 2010. There is no current production from the tenements. 

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