Red Dam

Operator: Evolution Mining Limited

Location: Western Australia, Australia

Royalty: 2.5% GSR (gold); 2.5% NSR (silver)

Term of Royalty: Life of Mine


Red Dam is a development project, currently one of 15 deposits that comprise the December 2022 ore reserve at the Mungari operation. The project is owned by Evolution Mining Limited (“Evolution”) and is located in the Eastern Goldfields district, in Western Australia, approximately 600 kilometers east of Perth and 20 kilometers west of Kalgoorlie.

Evolution is committed to investing $250 million towards increasing the processing capacity at Mungari from 2 million tonnes per annum (Mtpa) to 4.2 Mtpa. In September 2023, Evolution awarded $155 million to a contract company to complete plant expansion works.