Asset Summary
| Asset | Koolyanobbing |
| Interest | 2.0% F.O.B. Revenue Royalty |
| Commodity | Iron Ore |
| Location | Australia |
| Stage | Development |
| Counterparty | Mineral Resources Limited |
| Additional Notes | Royalty payments applicable to tenement M77/1258 |
Asset Highlights
- Producing iron ore operation in Western Australia currently operating at targeted rate of 7.5Mtpa with plans to further increase production to 11.0Mtpa.
- Koolyanobbing consists of four open pits forming an integrated operation with the royalty covering tenement M77/1258, a portion of the Deception pit.
- First ore hauled from Deception pit in March 2019.
- Owned by Tier 1 counterparty: Mineral Resources (Australia’s largest contract minerals processor).
- Further information can be found at this website: https://www.mineralresources.com.au/our-business/commodities/iron-ore/