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Laverton

Royalty2% GRR
TermsUncapped, without buybacks
Acquisition DateFebruary 2021
LocationAustralia
CommodityGold
OperatorFocus Minerals Ltd (ASX: FML)
Mine TypeOpen Pit & Underground
Mine Lifen/a
Area67km2

The Laverton Gold Project is situated on the Laverton Greenstone Belt in the Yilgarn Craton of Western Australia. The Laverton district is one of the best endowed gold regions in Australia with over 28Moz of gold produced in recent history and two world class producing mines: the 10Moz Sunrise Dam mine and 8Moz Granny Smith mine.

Elemental Altus’ royalty covers multiple lode gold deposits that are significant to the wider project, including Wedge, Beasley Creek, Apollo, Telegraph and the high-grade Lancefield underground mine which was mined by WMC at 6g/t in the 1990s.

Elemental Altus’ royalty can be increased by an additional 0.5% GRR if the head grade of saleable gold produced in any financial year exceeds 5g/t.

Focus Minerals own the on-site 1.45Mtpa Barnicoat Mill, which was refurbished in 2008 and has been kept on C&M. Focus Minerals have undertaken a number of scoping studies to assess opportunities for recommissioning and/or expanding the mill alongside their active work in pursuing resource expansion.

Laverton 01

Sources

  • Focus Minerals, Annual Report for the year ended 31 December 2019
  • ASX Announcement, “Beasley Creek Mineral Resource Grows by 29%”, 20 August 2020
  • ASX Announcement, “Beasley Creek South Delivers High-Grade, Shallow Gold Mineral Resource”, 15 July 2020
  • Focus Minerals, Annual Report for the year ended 31 December 2019
  • For more information on Mercedes, please visit http://www.focusminerals.com.au/