Operator: Zijin Mining Group Co., Ltd
Royalty: GR: 1%
Franco-Nevada holds a 1% gross royalty for gold on portions of the Bullabulling Gold Project, located in the Coolgardie region of Western Australia. The project is owned by Zijin Mining Group Co., Ltd (“Zijin”) following its takeover of Norton Gold Fields Limited (“Norton”) in June 2015. Norton itself had acquired the previous owner, Bullabulling Gold Limited (“BGL”), in late 2014. BGL, completed a pre-feasibility study for the project in February 2013. The study envisioned the development of an open-pit mine with anticipated production of 1.95 million ounces of gold over an 11 year mine life. Franco-Nevada’s royalty covers 12 km2 and includes the southern and western portions of the Phoenix deposit and all of the Edwards and Gryphon deposits on the Bullabulling property.