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Franco-Nevada

Aphrodite (Au)

Location: Australia
Operator: Bardoc Gold Limited
Royalty: GR: 2.5%

Aphrodite Gold project is located in Western Australia, 65 km northwest of Kalgoorlie. Franco-Nevada’s 2.5% gross royalty covers a 29 km2 area and all Mineral Resources. The royalty area was reduced from previous years following the termination of a joint venture agreement on surrounding areas in November 2014. A revised scoping study was completed in April 2016 which included a small oxide open-pit, to complement the refractory underground ore in the original 2012 scoping study. Prefeasibility study work, which had been halted during 2014 due to low gold prices, resumed in 2016 and is expected to be completed during the March 2020 quarter. An advance minimum royalty of A$250,000 per annum applies from November 1, 2017 onward. Bardoc Gold Limited acquired the Aphrodite Gold project in January 2018, through the takeover of Aphrodite Gold Limited. Aphrodite is now part of the Bardoc Gold Project, and is the largest gold deposit in the project area.