Operator: Northern Star Resources Limited

Location: Western Australia, Australia

1.5% NSR (all metals), 4.0% NPI (gold only), A$6.00 per ounce (gold only) and A$10.00 per ounce (gold only)

Term of Royalty: Life of Mine

South Laverton is a series of open-pit and underground projects, owned and operated by Northern Star Resources Limited. South Laverton is located in the South Laverton Region of Western Australia, approximately 120 kilometers northeast of Kalgoorlie. South Laverton is part of the larger Carosue Dam Operations (CDO).

The CDO processing plant was constructed in 2000 and commissioned in November of that year. The CDO operated continuously through to June 2005 when it was put on a care and maintenance program due to depressed gold prices and limited gold resources. In February 2006, Saracen, now Northern Star Resources Ltd., acquired the CDO processing plant and, in late 2009, a minimal refurbishment was required to reinstate the mill facility to its full nameplate capacity of 2.4 million tonnes per year. Ore is mined from the Karari and Dervish underground mines and trucked to the CDO processing plant where gold is recovered by gravity concentration and carbon-in-leach (CIL) cyanidation.