Flying Fox (Ni)

Location: Australia, Rest of World
Operator: Western Areas Ltd.
Royalty: GR: 2%

Franco-Nevada has a 2% gross royalty on the southern portion of the Flying Fox nickel mine located in the Forrestania Greenstone belt in Western Australia. Flying Fox is a high-grade underground nickel mine operated by Western Areas Ltd. which has been in production since 2007 and produced 7,305 tonnes of nickel in 2020. Franco-Nevada’s royalty covers a total of 400 km2 in several non-contiguous blocks and approximately 45% of total Mineral Reserves and Mineral Resources are subject to Franco-Nevada’s royalty. During 2020, approximately 47% of Flying Fox production was subject to Franco-Nevada’s royalty, and Franco-Nevada received $0.8 million of royalty revenue from Flying Fox for the year.