| Project: | Hampton Nickel |
| Commodity: | Gold |
| Royalty: | A$10/oz +A$1m discovery bonus >250koz |
| Subsidiary: | Altus Royalties Holdings Ltd |
| Location: | Australia |
| Deposit Style: | Kambalda type komatiitic nickel ore deposits |
| Key Attributes: | Package of 8 tenements located west of Northern Star's SKO operations |
| Asset Stage: | Early-stage exploration |
| Results: | Pre-resource stage |
| Next Phase of Work: | Exploration |
| Deal Partner: | Gold Fields / BHP |
| Deal Terms: | Acquired from Newcrest |
Project Overview
The Hampton Nickel project covers several exploration tenements adjacent Northern Star's SKO operations in Western Australia. While there are a number of other operating mines in the region (including the Cave Rocks underground gold mine, the Mt Marion lithium mine and the former Samphire gold mine), these tenements have yet untested exploration potential. Cave Rocks forms part of Gold Fields significant St Ives operations located to the south west.
Royalty Overview
Altus owns 80.1% of an uncapped Production Royalty equal to A$10 per ounce produced from a package of eight tenements. The Company also owns 80.1% of a Discovery Royalty with A$1 million payable for each new ore body on the royalty tenement package with a reserve greater than 250,000 oz of gold.
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