Operator: Westgold Resources Limited
Location: Western Australia, Australia
Royalty: 1.5% NSR (all metals); A$10 per ounce (gold only); 1.5% to 2.5% NSR (gold only); 0.45% (all metals)
Term of Royalty: Life of Mine
Meekatharra, covering the Paddy’s Flat, Yaloginda, Nannine and Reedy’s open-pit and underground mining centers, is owned and operated by Big Bell Gold Operations Pty Ltd., a subsidiary of Westgold Resources Limited. Meekatharra is located in the Murchison District of Western Australia, approximately 15 kilometers south of the town of Meekatharra.
The Westgold Resources strategy is a staged approach to development of the Nannine, Paddy's Flat, Reedy’s and Yaloginda project areas with central processing at the Bluebird carbon-in-pulp (CIP) plant (1.4 – 1.8 million tonnes per annum) and associated infrastructure, which is the processing plant for the northern part of the Central Murchison Region.
Royal Gold owns the following royalties covering Meekatharra:
Royal Gold acquired its interests at Meekatharra in two transactions. The first was as part of the acquisition of Barrick Gold Corporation’s royalty portfolio effective October 1, 2008, which included the $10 per ounce royalty on Paddy’s Flat and the 1.5% - 2.5% sliding scale NSR and the 1% NSR on Reedy’s. The second was as part of the acquisition of International Royalty Corporation effective February 22, 2010, which included the 1.5% NSR on Nannine, Paddy’s Flat and Reedy’s, as well as the 0.45% NSR on Yaloginda.
*Detailed information on our interest can be found on the Portfolio Asset Summary table