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Franco-Nevada

Flying Fox (Ni)

Location: Australia
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 9,923 tonnes of nickel in 2019. Franco-Nevada’s royalty covers a total of 400 km2 in several non-contiguous blocks. During 2019, approximately 45% of Flying Fox production was subject to Franco-Nevada’s royalty, and Franco-Nevada received $0.9 million of royalty revenue from Flying Fox in 2019.