TSX:FNV 91.48 -0.27 -0.29%
Volume 441,599
January 18, 2019
NYSE:FNV 68.90 -0.22 -0.32%
Volume 646,283
January 18, 2019
Gold 1,281.71 -10.78 -0.83%
Volume
January 18, 2019
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Location: Australia
Operator: Auctus Minerals LLC
Royalty: Production Payment

King Vol is an underground zinc mine located in Northern Queensland. Auctus Minerals LLC (“Auctus”) acquired the project in 2015, along with other assets in Northern Queensland, through the takeover of Atherton Resources Limited. Auctus finished construction of the 500,000 tonnes per annum Mungana Process Plant in April 2017. King Vol is a satellite deposit to Mungana and provides a portion of the annual concentrator feed. Auctus developed the King Vol underground deposit during 2017. Mining of ore at King Vol commenced in August 2017. In October 2017, Auctus commenced feeding ore mined from King Vol to the Mungana Process Plant. In addition to a Production Payment, Franco-Nevada also receives fixed payments of A$500,000 at commencement of commercial mining operations at King Vol, and again at the first anniversary of commencement.