Asset Summary
| Asset | Cardinia (Lewis Deposit) |
| Interest | 1.0% Gross Revenue Royalty (>10Koz production) |
| Commodity | Gold |
| Location | Australia |
| Stage | Development |
| Counterparty | Genesis Minerals Limited |
Asset Highlights
- The Cardinia Royalty covers the majority of the Lewis deposit, which forms a key part of the Bruno-Lewis JORC compliant gold resource estimate of 12.1 Mt @ 1.0 g/t for 388,000 oz (September 2022, 0.4 g/t Au cut-off) and the Lewis East Prospect, which hosts recent drilling intersections of 11 m @ 3.85 g/t Au, 44 m @ 0.47 g/t Au and 6 m @ 3.63 g/t Au.
- The Cardinia royalty is a 1% Gross Value of Sales royalty above 10,000 oz cumulative gold production (~9,100 oz remaining hurdle) on mining lease M37/86, which was formerly operated by Kin Mining Ltd (ASX: KIN) as part of their flagship Cardinia Gold Project.
- The project was acquired from Kin Mining by Genesis Minerals Limited in December 2023.
- Further Information: https://genesisminerals.com.au/downloads/announcements/gmd2023121404.pdf?v=102202