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 Ltd. 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:
- Meekatharra – Nannine
- 1.5% net smelter return (NSR) Royalty
- Meekatharra – Paddy’s Flat
- 1.5% NSR royalty
- Payment of $10 per ounce produced on production above 50,000 ounces
- Meekatharra – Reedy’s
- 1.5% NSR royalty
- 1.5% - 2.5% NSR royalty which pays a per year rate of 1.5% for the first 75,000 ounces produced in any 12-month period and at a rate of 2.5% on production above 75,000 ounces during that 12-month period
- 1.0% NSR royalty which applies to the Rand area only
- Meekatharra – Yaloginda
- 0.45% NSR royalty
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
- Operator Website
- Technical Report
- Mine Tour Presentation
- ESG Information