Projects & Royalties

Wudinna (Minnipa)

Project: Wudinna (Minnipa)
Commodity: Gold , Rare Earth Elements
Royalty: 1.5% NSR (excl. coal)
Subsidiary: Altus Royalties Holdings Ltd
Location: Australia
Deposit Style: Orogenic gold mineralisation
Key Attributes: 2022 programme fully funded to expand rare earths discovery and update gold MRE
Asset Stage: 22 orogenic gold prospects, one copper-gold prospect, and five IOCG targets
Results: 4.4Mt at 1.5g/t for 211,000 oz gold
Next Phase of Work: Follow up exploration
Deal Partner: Cobra Resources (COBR.LSE) (65%) with Andromeda Metals/Peninsula Resources
Deal Terms: Acquired from Newcrest Mining

Project Overview

The Wudinna project comprises exploration-stage deposits located in the Central Gawler Craton Gold Province on the Eyre Peninsula in South Australia. It is held in a JV between Cobra Resources (65%) and Andromeda Metals /Peninsula Resources. The project comprises numerous prospects and early-stage deposits including the Barns Deposit, the Baggy Green Deposit, and the White Tank Deposit. These deposits have a 2019 Mineral Resource total of 4.43Mt at 1.5g/t Au for 211,000 oz with a 0.5g/t Au cut off grade. This includes 0.41Mt at 1.40g/t Au for 18,000oz of Indicated Resources and 4.02Mt at 1.5g/t Au for 193,000oz of Inferred Resources. Gold mineralisation is found within variably deformed and altered granodiorities with likely structural controls, occurring in shallowly dipping shear or fault zones.

Royalty Overview

Altus owns 80.1% of a 1.5% NSR royalty on all minerals, excluding coal, at the Wudinna project. Altus’ royalty area is 1,886km² and encompasses the Barns, Baggy Green and White Tank deposits, all of which are at various stages of exploration.

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