Projects & Royalties


Project: Kintore
Commodity: Gold
Royalty: A$0.65-0.39/g of gold produced
Subsidiary: Altus Royalties Holdings Ltd
Location: Australia
Deposit Style: Tonalite-hosted mineralisation controlled by the Kunanalling Shear Zone
Key Attributes: 40km of 2.0Mpta Mungari CIL plant
Asset Stage: Advanced project
Results: Stockpile reserve of 0.09Mt at 0.69g/t for 2koz contained gold (2021)
Next Phase of Work: Near mine exploration
Deal Partner: Evolution Mining (EVN.ASX)
Deal Terms: Acquired from Newcrest Mining

Project Overview

The Kunanalling Shear Zone (KSZ) hosts significant gold mineralisation with several projects currently being mined by Evolution Mining. The KSZ is a transcrustal feature that cuts through anticlinal fold hinges in the Coolgardie North region. The area has been intruded by conformable syntectonic dolerites, gabbros and stocks of monzogranitic, tonalitic, and granodioritic composition. Gold mineralisation is hosted in areas of high strain and in and around felsic intrusives.

The company also has a number of advanced projects on the KSZ, including Kintore. As part of its resource expansion programme, Evolution drilled 264 holes for a total of 16,264 metres collecting 54,043 samples. At 31 December 2021, Kintore reported a Probable Reserve of 0.09Mt at 0.69g/t for 2koz contained gold within low grade surface stockpiles.

Kintore is located approximately 40km north west of Evolution Mining’s 2.0Mtpa Mungari processing plant in Western Australia.

Royalty Overview

The royalty covers two tenements at Kintore, M16/183 and M16/141, which were granted in the 1990s and expire in 2034 and 2032 respectively. M16/183 covers an area of 1.13km2 while M16/141 covers 0.85km2. Altus owns 80.1% of Production Royalty of A$0.39 per gramme of gold produced from M16/183 and A$0.65 per gramme of gold produced from M16/141.

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