Portfolio Overview
Deterra holds 28 royalties in its current portfolio, creating growth through asset life extensions and exploration.
Our key royalty investment activities involve acquisition of royalties from third parties and providing finance to resource companies in return for royalties.
Mining Area C
Thacker Pass
Asset and Royalty Overview
| Bulk | Location | Operator | Commodity | Status | Royalty Key Terms |
|---|---|---|---|---|---|
| Mining Area C | Australia | BHP | Iron Ore | Production | 1.232% of Iron Ore revenue + capacity payments |
| Koolyanobbing | Australia | Mineral Resources | Iron Ore | Production(1) | 1.5% Free on Board |
| Kwale | Kenya | Base Resources | Mineral Sands | Production(2) | 0.25% Free on Board |
| Yoongarillup/ Yalyalup | Australia | Doral | Mineral Sands | Production(3) | 2% of revenue from sales of Minerals(4) (5) |
| Wonnerup | Australia | Tronox | Mineral Sands | Production(6) | $0.70 per tonne of Valuable Heavy Minerals(7) |
| Yandanooka | Australia | Image Resources | Mineral Sands | Development | 1.5% Gross Revenue Royalty from sales of Minerals(5) |
| Battery & Base | Location | Operator | Commodity | Status | Royalty Key Terms |
|---|---|---|---|---|---|
| Mimbula | Zambia | Moxico Resources | Copper | Production | 0.3% Gross Revenue Royalty |
| Thacker Pass | Nevada, USA | Lithium Americas | Lithium | Development | 1.05% Gross Revenue Royalty over Thacker Pass Project(8) |
| Sonora | Mexico | Ganfeng Lithium | Lithium | Disputed(9) | 50% interest in option to acquire a 3.0% indirect Gross Revenue Royalty (1.5% net) |
| Paradox | Utah, USA | Anson Resources | Lithium | Development | 2.5% NSR royalty over all projects owned by Anson Resources in the Paradox Basin |
| Antler | Arizona, USA | New World Resources | Copper | Development | 0.9% NSR royalty over current tenure + 0.45% NSR over subsequently acquired tenure(10) |
| Pukaqaqa | Peru | Olympic Precious Metals Ltd(15) | Copper, Molybdenum | Exploration | Vaaldiam Royalty 1.0% NSR royalty + milestone payments Norte Royalty 1.0% NSR royalty over the open pit Sur Royalty 0.5-1.0% NSR royalty on SE concession |
| Big Kidd | Canada | Quetzal Copper | Copper | Exploration | Option/Royalty Agreement consisting of 1) a series of fixed payments, 2) three milestone payments, and 3) a 2% NSR royalty |
| Gold & Silver | Location | Operator | Commodity | Status | Royalty Key Terms |
|---|---|---|---|---|---|
| La Preciosa | Mexico | Avino Silver and Gold Mines | Silver, Gold | Production | 1.25% NSR royalty and 2% GVR royalty |
| Lincoln | USA | Seduli Holdings | Gold | Development | 0.75% NSR royalty |
| Dandoko | Mali | B2Gold Corporation | Gold | Development | 1% NSR royalty |
| St Ives | Australia | Goldfields | Gold | Exploration | 3% Gross Revenue Royalty(11) |
| Gold Offtakes | Location | Operator | Commodity | Status | Royalty Key Terms |
|---|---|---|---|---|---|
| Los Filos | Mexico | Equinox Gold | Gold | Production | 50% of gold production, cap at 1.1Moz |
| Fazenda, RDM & Santa Luz | Brazil | Equinox Gold | Gold | Production | 35% of refined gold production, cap at 658koz |
| Greenstone | Canada | Equinox Gold | Gold | Production | 100% of gold production, cap of 58.5kozpa through to March 2027(14) |
| Blyvoor | South Africa | Aurous Resources | Gold | Production | 100% of gold production (after deduction of streamed ounces), cap at 2.7Moz |
| Bonikro | Cote d’Ivoire | Allied Gold | Gold | Production | 50% of gold production (after deduction of streamed ounces), no cap |
| Ruby Hill, McCoy Cove & Granite Creek | USA | i-80 | Gold | Production | 100% of production, cap of 40kozpa till 2028 |
| Sugar Zone | Canada | Vault Minerals(13) | Gold | Development | 80% of gold dore production, cap at 961koz |
| Eagle | Canada | Victoria Gold | Gold | Suspended(12) | 25% of gold production, cap at 1.1Moz |
Notes:
- Mineral Resources announced closure of the Yilgarn hub as of the end of December 2024.
- Base Resources announced (Oct 2023), that mining at Kwale is expected to end by December 2024, with processing activities concluding shortly thereafter.
- Refer to Doral company website (Accessed August 2024).
- Royalty payable by Doral Mineral Sands Pty Ltd arises under 2 separate royalty contracts with the same terms.
- Minerals refers to naturally occurring substances obtained or obtainable from the tenements by mining carried out on or under the surface of the land.
- Refer to Tronox company website (Accessed August 2024).
- Valuable Heavy Mineral refers to zircon, rutile, ilmenite, anatase and other titanium dioxides, leucoxene, monazite and cassiterite.
- On an attributable basis (60%). Assumes Lithium Americas’ buyback right is exercised.
- In April 2022 and May 2023, the Mexican mining law was amended to prohibit lithium concessions. The general Directorate of Mines (DGM) issued a formal notice indicating 9 of the lithium concessions underpinning the Sonora project were cancelled in August 2023. This matter remains under dispute. Refer to Ganfeng Lithium Annual Report 2023.
- Payor entitled to reduce royalty rates by making lump sum payments at the time of construction funding.
- Subject to royalties to previous holders of the tenements.
- On 24 June 2024 Victoria Gold Corp (TSX:VGCX) announced the suspension of Eagle mine operations following a heap leach containment incident.
- Formerly known as Red 5.
- If annual prod cap not achieved in 2024-25 then US$23.50/oz on shortfall paid to Deterra.
- Nexa Resources announced on 22 November 2024 completion of the sale of the Pukaqaqa Project to Olympic Precious Metals Ltd by way of 100% share sale.
Sell your Royalty
While Deterra looks to focus on maximising earnings and dividends to shareholders, it also seeks to execute a disciplined growth strategy that builds a portfolio of royalties over time.
