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Wembley Durack

Australian Flag

Operator: Westgold Resources Ltd.

Location: Western Australia, Australia

Royalty:

1.5% NSR (gold)

Term of Royalty: Life of Mine

Wembley Durack is a development project, part of the larger Fortnum Gold Operation, owned by Aragon Resources Pty Ltd., a subsidiary of Westgold Resources Ltd. Wembley Durack is located in the northern region of the Central Murchison District, in Western Australia, approximately 110 kilometers north of Meekatharra.

Royal Gold holds a 1.5% net smelter return royalty on gold produced from Wembley Durack.

Royal Gold acquired this royalty interest effective October 1, 2008, as part of the acquisition of a royalty portfolio from Barrick Gold Corporation.