|Interest||2.5% Net Smelter Royalty (on cumulative 42Koz to 100Koz production)|
|Counterparty||Northern Star Resources Ltd.|
- The Otto Bore royalty tenure surrounds Northern Star’s Thunderbox Operations on the northern and eastern sides and is located 25km south-east of Leinster in Western Australia.
- The Otto Bore deposit is located 8km north of the Thunderbox Plant at the northern end of the royalty tenement package and strikes across mining leases M36/462 (royalty-linked) and mining lease M36/177 (not royalty-linked).
- The royalty is a 2.5% NSR royalty and applicable to production between 42,000 and 100,00 ounces of gold.
- The Resources reported are on a 100% basis for the full Otto Bore deposit. The royalty tenure covers the approximate southern half of the deposit, which includes the full ore reserve and an unquantified portion of the additional resource.
- Northern Star in its March 2022 Quarterly Report indicates that preparation for open pit mining operations at Otto Bore, located to the north of the Thunderbox plant, commenced.
- For more information on Otto Bore, please visit the Northern Star website at https://www.nsrltd.com/.