Operator: Genesis Minerals Limited

Location: Western Australia, Australia

Royalty: 0.9% NSR (all metals)

Term of Royalty: Life of Mine

Ulysses is an underground and open-pit mine, owned by Ulysses Mining Pty Ltd, a subsidiary of Genesis Minerals Limited (Genesis). Ulysses is located in the Leonora Region of Western Australia, approximately 200 kilometers (km) north of Kalgoorlie, and is a part of Genesis’ Leonora Operations. Royal Gold’s royalty interest at Ulysses only covers the deposits situated within mining lease M40/166.

Following significant preparatory work in fiscal year 2023, including intensive grade control drilling, Ulysses decline development is now underway and ore production is expected to commence ramp-up in fiscal year 2025. Ore will be trucked 35 km to the Leonora Mill for processing in combination with ore from the Gwalia underground mine.