Projects & Royalties

Mount Success

Project: Mount Success
Commodity: Gold
Royalty: 0.381% NSR, capped at A$762k
Subsidiary: Altus Royalties Holdings Ltd
Location: Australia
Deposit Style: Gold-bearing, breccia related hydrothermal system
Key Attributes: Located 55km NW of the Ravenswood gold mine
Asset Stage: Exploration
Results: Pre-resource stage
Next Phase of Work: Exploration
Deal Partner: Ravenswood Gold is owned by EMR Capital and SGX listed Golden Energy and Resources
Deal Terms: Acquired from Newcrest Mining

Project Overview

Mount Success covers the tenement ML1404 in Queensland which hosts an intrusion‐related gold system (IRGS) with rhyolite breccia pipes outcropping over 500m x 500m. Historical workings at Mount Success and Golden Valley are located nearby. The Mount Success region hosts a 100km long north-west trending structural corridor where several Permo-Carboniferous breccia-hosted intrusion related gold systems occur. Mount Success is an exploration stage prospect with no resources yet reported. Meanwhile, ASX-listed Killi Resources' 580km2 Ravenswood North project surrounds ML1404. 

Mount Success is located approximately 55km north west of the Ravenswood gold mine. The Ravenswood gold mine is located approximately 130km south of Townsville in north-east Queensland, Australia.  The mine has been in continuous operation since 1987 and has significant expansion potential to become a large scale, low cost, long life gold producer. EMR Capital, together with Golden Energy and Resources, acquired 100% of Ravenswood in April 2020 in a 2020 deal worth A$300 million. Prior to that, Resolute successfully mined and processed over 40 million tonnes of ore over 15 years and produced almost two million ounces of gold.

Royalty Overview

Altus owns 80.1% of an 0.381% NSR royalty over ML1404, capped at A$762,000.

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