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Franco-Nevada

Higginsville (Lake Cowan) (Au)

Location: Australia
Operator: RNC Minerals
Royalty: Production Payment

Effective April 1, 2014, Franco-Nevada acquired a production payment royalty on all mineral production from the Lake Cowan Project operated by RNC Minerals located in Western Australia northeast of the Higginsville Gold Plant. RNC Minerals acquired Lake Cowan from Westgold Resources Limited in June 2019, as part of the acquisition of the Higginsville Gold Project. The Lake Cowan royalty rate is A$1.00 per tonne of ore processed and covers 32 km2 including five small open-pit gold deposits. Lake Cowan was in production from September 2014 through August 2017 to utilize spare capacity at two processing plants.