Projects & Royalties

Bills Find

Project: Bills Find
Commodity: Gold
Royalty: A$20.00-A$0.01 per oz
Subsidiary: Altus Royalties Holdings Ltd
Location: Australia
Deposit Style: Archaean Yandal greenstone belt
Key Attributes: Part of Northern Star's Bronzewing Operations at the Yandal Production Centre
Asset Stage: Regional exploration
Results: Bronzewing Operations is a +3.6Moz gold camp
Next Phase of Work: Exploration and resource definition
Deal Partner: Northern Star Resources (NST.ASX)
Deal Terms: Acquired from Newcrest Mining

Project Overview

Bill's Find covers M53/160 and is located approximately 20km south of Northern Star's Julius gold deposit and 40km north of the Bronzewing Processing Hub. The Julius gold deposit is situated half way between the multi-million ounce Jundee and Bronzewing gold camps and forms part of Northern Star's Bronzewing Operations. The 2Mpta Bronzewing Processing Hub is located approximately 83 km north-east of Leinster, Western Australia within the Yandal Greenstone Belt.  Northern Star acquired Bronzewing from Echo Resources in 2019. Resource and Reserve definition drilling at Julius has been completed to allow the mine plan to be finalised ahead of the development of the new open pit mining operation where pre-production activities commenced late in FY21. Other propsects within 20km of the Julius deposit include Empire, Tipperary, Tipperary Extended, Shady Well and Wimbledon. 

Northern Star has undertaken a significant regional exploration programme, including at Bill's Find, where it achieved strong results. Reconnaissance programs continue to test numerous significant new drilling targets which will be the focus of exploration and resource definition drilling in the coming years.

Royalty Overview

Altus owns 80.1% of a gold production royalty equal to A$20/oz between 7,501 - 20,000 oz, A$10/oz between 20,001 - 55,000 oz and A$0.01/oz greater than 55,000 oz.

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