Projects & Royalties

Zuleika South & Rose Hill

Project: Zuleika South & Rose Hill
Commodity: Gold
Royalty: A$10/oz
Subsidiary: Altus Royalties Holdings Ltd
Location: Australia
Deposit Style: Kalgoorlie greenstone belt with shear zones
Key Attributes: Covers 16 tenements located west of SKO
Asset Stage: Exploration
Results: 1.53Mt at 1.43 g/t for ~70koz of contained gold
Next Phase of Work: Exploration
Deal Partner: Northern Star Resources (NST.ASX)
Deal Terms: Discovery Royalty of A$1.0m for each additional orebody discovery with reserves > 250koz

Project Overview

Zuleika South & Rose Hill comprise two substantial tenement packages across a prospective structural corridor west of Northern Star's South Kalgoorlie Operations (SKO), which includes the 1.2Mtpa Jubilee CIL processing plant. There are historic open pits, including the Fuji gold mine, as well as a number of other prospects in the vicinity of the tenements which point to their potential for exploration success. A historic Inferred Resource of 1.53Mt at 1.43 g/t for ~70koz of contained gold has also been reported on licence M1501842.

Royalty Overview

Altus owns 80.1% of an uncapped Production Royalty equal to A$10 per ounce produced from a package of tenements at Zuleika South & Rose Hill. The Company also owns 80.1% of a Discovery Royalty with A$1 million payable for each new ore body on the royalty tenement package with a reserve greater than 250,000 oz of gold. The Zuleika South & Rose Hill royalty dervies from the same royalty deed as Northern Star's South Kalgoorlie Operations (SKO).

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