Operator: Diversified Minerals Pty Ltd
Royalty: GR: 1%
Henty is an underground gold mine that has historically produced approximately 1.3 million ounces. Franco-Nevada holds a 1% gross royalty on the Henty Gold Mine located in northwest Tasmania operated by Diversified Minerals. All Mineral Reserves and Mineral Resources are on property subject to Franco-Nevada’s royalties which cover 160 km2. This is a result of a September 2015 agreement whereby Franco-Nevada and then-operator Unity Mining Limited (“Unity”) agreed to consolidate Franco-Nevada’s various royalties at Henty into a single 1% gross royalty over the entire 160 km2 project area. In December 2015, Unity placed the Henty Gold Mine on care and maintenance. In May 2016 Unity was acquired by Diversified Minerals by a Scheme of Arrangement. Diversified Minerals is a private company associated with PYBAR Mining Services, an Australian based underground mining contractor. Diversified Minerals resumed production at Henty late in 2016 and poured first gold in January 2017.