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 scoping study was completed in July 2012. Pre-feasibility study work was halted during 2014 due to low gold prices but exploration drilling has continued. An advance minimum royalty of A$250,000 per annum applies from November 1, 2017 onward.