Franco-Nevada

Matilda (Wiluna) (Au)

Location: Australia, Rest of World
Operator: Wiluna Mining Corporation Limited
Royalty: NSR: 3.6%

Franco-Nevada holds a 3.6% NSR royalty on all gold production from the Matilda/Wiluna Gold Project located in Western Australia, covering all of the 1,150 km2 property. Wiluna was discovered in 1896 and has produced in excess of 4.0 million ounces of gold to date, with nearly continuous production from 1987 to 2013. Wiluna Mining Corporation Limited (“WMX”) acquired the Wiluna Gold Operation in 2014 and resumed mining operations in 2016. Wiluna has a 1.3 Mtpa treatment plant and processes ore from several open-pit and underground deposits. Total production for 2020 was 51,075 ounces of gold. WMX production guidance for 2021 is 60,000 ounces of gold. WMX is progressing plans to expand the Wiluna mill to produce sulphide concentrates, and increase annual production in stages to 250,000 ounces of gold per annum. Franco-Nevada received $3.5 million of royalty revenue from Matilda/Wiluna in 2020.