Operator: Genesis Minerals Limited

Location: Western Australia, Australia

Royalty: 1.5% NSR (all metals)

Term of Royalty: Life of Mine

Gwalia is an underground and open-pit mine, owned and operated by Genesis Minerals Limited (“Genesis”). Gwalia is located in the Leonora Region of Western Australia, approximately 240 kilometers north of Kalgoorlie, and is a part of Genesis’ Leonora Gold Project.

Gwalia is Australia’s deepest underground gold mine and the deepest ramp access mine in the world. The mining method is long-hole open-stoping with paste backfill.

The processing plant is a conventional carbon-in-pulp circuit and has a nominal capacity of 1.2 million tonnes per annum (Mtpa) of hard rock and up to 1.8 Mtpa, when softer material is blended. Other surface infrastructure includes a gas-fired power station, a paste-fill plant, and a refrigeration plant to cool the underground environment. We are currently receiving revenue from residual heap leach operations.