|Interest||2.0% F.O.B. Royalty|
|Location||Western Australia, Australia|
|Counterparty||Mineral Resources Limited|
|Additional Notes||Royalty payments applicable to tenement M77/1258 and commence after an initial hurdle of A$3M|
- Producing iron ore operation in Western Australia currently operating at targeted rate of 7.5Mtpa with plans to further increase production to 11.0Mtpa.
- Koolyanobbing consists of four open pits forming an integrated operation with the royalty covering tenement M77/1258, a portion of the Deception pit.
- First ore hauled from Deception pit in March 2019.
- Owned by Tier 1 counterparty: Mineral Resources (Australia’s largest contract minerals processor).
- Further information can be found at this website: https://www.mineralresources.com.au/our-business/commodities/iron-ore/