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Red October (Au)

Location: Australia
Operator: Matsa Resources Limited
Royalty: NSR: 1.75%

Red October is located in the Laverton region of Western Australia which historically produced as an open-pit until 2001. Saracen Mineral Holdings Limited, the previous operator, commenced underground mining in 2012. Franco-Nevada’s royalty interest covers 29 km2 surrounding the Red October deposit. Saracen reported production of 10,800 ounces of gold for the six months ending June 2017, when production at Red October ceased. Saracen sold Red October to Matsa Resources Limited (“Matsa”) in late March 2018. Matsa restarted production at Red October in July 2019, and produced 2,167 ounces of gold in 2019.