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.
Ore will be trucked 35 km to the Leonora Mill for processing in combination with ore from the Gwalia underground mine. At Ulysses underground, stoping successfully commenced late in the December 2024 quarter.
Royal Gold holds a 0.9% NSR royalty on all metals produced from Ulysses.
On February 22, 2010, Royal Gold announced it closed its acquisition of International Royalty Corporation, which included the 0.9% NSR royalty on Ulysses.