Franco-Nevada

Yandal (Bronzewing) (Au)

Location: Australia, Rest of World
Operator: Northern Star Resources Limited
Royalty: NSR: 2%

Bronzewing is located in the Yandal Greenstone Belt of Western Australia. Franco-Nevada’s royalty covers 590 km2 including all Mineral Resources identified. Bronzewing produced 2.19 million ounces of gold from several open-pit and underground deposits from 1994 to 2004, and a further 0.19 million ounces from open-pit deposits from 2010 to 2013. The project has changed ownership several times since 2013. Northern Star acquired the project in November 2019 in an A$193 million take-over deal. The Yandal project also includes the Julius deposit where Franco-Nevada has a 1.5% NSR royalty under a separate royalty agreement. In April 2019, previous owner Echo Resources Limited released a revised feasibility study for Bronzewing and Julius, with planned production of 411,000 ounces of gold over a 4-year mine life. Northern Star is reviewing its development options for Bronzewing and Julius, to complement the Jundee operations and increase total Yandal area production to 400,000 ounces per year by 2023. Development options include expansion of the Jundee processing facility to 5 Mtpa or refurbishment of the 2.2 Mtpa mill at Bronzewing.