Projects & Royalties

Kunanalling (Catherwood)

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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