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Franco-Nevada

Matilda (Wiluna) (Au)

Location: Australia
Operator: Blackham Resources 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. In December 2016, Franco-Nevada and Blackham Resources Limited (“Blackham”) agreed to restructure the royalty agreements with the result being that the Franco-Nevada royalty covers 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. Blackham acquired the Wiluna Gold Operation in March 2014. Blackham resumed mining operations at Matilda/Wiluna in July 2016. Matilda/Wiluna has a 1.3 Mt per annum treatment plant and processes ore from several open-pit and underground deposits. Total production for 2018 was 78,089 ounces of gold. In January 2019, Blackham provided production guidance of 72,000-80,000 ounces of gold for the fiscal year ending June 30, 2019.