| Project: | Kunanalling (Catherwood) |
| Commodity: | Gold |
| Royalty: | 3.64% Gross Revenue royalty |
| Subsidiary: | Altus Royalties Holdings Ltd |
| Location: | Australia |
| Deposit Style: | Mineralisation hosted by Coolgardie Domain greenstones associated with the Zuleika and Kunanalling shears |
| Key Attributes: | Within 50km of 2.0Mpta Mungari CIL plant |
| Asset Stage: | Mine life extensions to Mungari CIL plant |
| Results: | Pre-resource stage |
| Next Phase of Work: | Near-mine brownfields exploration |
| Deal Partner: | Evolution Mining (EVN.ASX) |
| Deal Terms: | Acquired from Newcrest Mining |
Project Overview
Evolution Mining’s Kunanalling project area covers the Kunanalling Shear Zone (KSZ), a trans-crustal feature separating the Coolgardie domain from the Ora Banda domain to the east. The Coolgardie domain comprises a folded sequence of metamorphosed tholeiitic, high magnesian, and komatiitic basalts with minor intercalated felsic to intermediate volcanic sediments. Gold mineralisation within the Kunanalling area is hosted by the Coolgardie Domain and is preferentially located in areas of high strain associated with the Zuleika and Kunanalling Shears.
Kunanalling is located approximately 20km north west of Evolution Mining’s 2.0Mtpa Mungari processing plant in Western Australia. Access to the project is via the Great Eastern Highway to the Mungari Mill, the Coolgardie North Road and then fair-weather haul roads or pastoral station roads and tracks for all projects.
Royalty Overview
Altus owns 80.1% of a 3.64% Gross Revenue royalty covering three tenements, M16/099, M16/139 and M16/236.
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