Operator: Echo Resources Limited
Royalty: NSR: 2%
Bronzewing is located in the Yandal Greenstone Belt of Western Australia and has produced 2.19 million ounces of gold from several open-pit and underground deposits from 1994 to 2004, when the operation was placed on care and maintenance. Franco-Nevada’s royalty covers 590 km2 including all Mineral Resources identified. Navigator Resources Limited (“Navigator”) acquired the project in 2009 and recommissioned mining operations in April 2010. Navigator went into administration in March 2013 and Bronzewing was again placed on care and maintenance. In June 2014, Metaliko Resources Ltd. (“Metaliko”) acquired the project which included the processing plant and associated infrastructure, project tenements and Mineral Resources. Metaliko was acquired by Echo Resources Limited (“Echo”) in January 2017. Echo intends to use the Bronzewing mill to process ore from Echo’s Julius Gold deposit. Franco-Nevada has a 1.5% NSR royalty covering the Julius deposit under a separate royalty agreement.