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Volume 436,840
April 28, 2017
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Volume 1,010,009
April 28, 2017
Gold 1,262.10 -3.50 -0.28%
Volume 356
April 26, 2017
Contact Share

Location: Australia
Operator: Aphrodite Gold Limited
Royalty: GR: 2.5%

Aphrodite Gold Limited (“Aphrodite”) remains focused on its namesake Aphrodite Gold project, located in Western Australia, 65 km northwest of Kalgoorlie. Franco-Nevada’s 2.5% gross royalty covers a 29 km2 area and all Mineral Resources. The royalty area was reduced from previous years following the termination of a joint venture agreement on surrounding areas in November 2014. A revised scoping study was completed in April 2016 which included a small oxide open pit, to complement the refractory underground ore in the original 2012 scoping study. Pre-feasibility study work, which had been halted during 2014 due to low gold prices, resumed in 2016. An advance minimum royalty of A$250,000 per annum applies from November 1, 2017 onward.