A$1/t Ore Production Royalty (with gold grade escalator)
Western Australia, Australia
Royalty = A$1 / Tonne (for each Ore Reserve with a gold grade <= 5g/t Au), for grades > 5g/t Au royalty = ((Ore grade per Tonne - 5) x 0.5)+1)
The Kookynie tenement hosts ~50koz of pre-JORC 2012 Mineral Resources. Historic production from the tenements was approximately 360koz of gold.
Excellent exploration upside in current resources and additional lines of mineralisation.
Kookynie has not been subject to any intense exploration over the last 25 years. Metalicity, under their proposed farm-in, are carrying out an initial work program focused on drilling and extending/upgrading six current resource targets to JORC (2012) compliancy.
An October 2019 three-hole drill program returned the following results over the Kookynie project: