Red October

Operator: Matsa Resources Ltd.

Location: Western Australia, Australia

Royalty: 1.5% NSR (gold)

Term of Royalty: Life of Mine

Red October is an underground and open-pit gold mine, owned and operated by Red October Gold Pty, Ltd, a subsidiary of Matsa Resources Ltd. (Matsa). Red October is located approximately 65 kilometers south of Laverton in Western Australia.

The Red October mine is a structurally controlled gold deposit located in the Laverton Greenstone Belt, which hosts a number of gold mines including Sunrise Dam, Mt. Morgans, Butcher Well, Granny Smith and Wallaby.

Matsa acquired the Red October mine in 2018 and commenced mining activities in February 2019. Ore is processed at the Sunrise Dam processing plant owned by AngloGold Ashanti Australia Ltd.