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Elemental Altus Notes Continued Growth at Royalty Assets with A$250m Laverton Acquisition and Hercules Maiden Reserve
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Elemental Altus Royalties Corp.&#x...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Altus Notes Continued Growth at Royalty Assets with A$250m Laverton Acquisition and Hercules Maiden ReserveVancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental Altus\" or \"the Company\") notes the recent announcement by Focus Minerals Limited (ASX: FML) (\"Focus\") reporting the sale of their Laverton assets (\"Laverton Project\") in Western Australia, to Genesis Minerals Limited (ASX: GMD) (\"Genesis\"). Elemental Altus holds an uncapped 2% gross revenue royalty over a significant portion of the project. The Company also notes the recent announcement by Northern Star Resources Limited (ASX: NST) (\"Northern Star\") reporting a maiden Mineral Resource and Ore Reserve Estimate1 at the Hercules Discovery (\"Hercules\"), part of the South Kalgoorlie Operations (\"SKO\") in Western Australia. Elemental Altus holds a A$10 per ounce production royalty and an A$1 million Discovery Bonus over a significant portion of the project. Laverton HighlightsA$5 billion Australian miner Genesis to acquire Laverton Project for A$250 million Genesis notes the clear potential for Laverton to supply open pit and underground ore to their operating 3 Mtpa Laverton mill approximately 30 km awayAll Resource and Reserve material covered by the Elemental Altus Laverton royalty lies within granted Mining LeasesImmediate priorities for Genesis include:Infill and extensional drilling with substantial scope for Resource growthStudies to incorporate multiple oxide and transitional open pits into Laverton mine planStaged mill expansion studies at LavertonExploration over the highly prospective tenement packageElemental Altus royalty coverage includes the following JORC 2012 Mineral Resource and Ore Reserve Estimates1,2: Indicated Mineral Resource Estimate of 12.9 Mt @ 1.8 g/t Au for 754,000 ounces Inferred Mineral Resource Estimate of 9.5 Mt @ 3.3 g/t Au for 1,024,000 ouncesIncluding:Probable Ore Reserve Estimate of 3.3 Mt @ 2.2 g/t Au for 238,000 ouncesSKO HighlightsElemental Altus has a royalty of A$10 per ounce on SKO plus a Discovery Bonus of A$1 million for each new ore body with production and/or Reserves greater than 250,000 ounces of goldNorthern Star have released the following maiden JORC 2012 Mineral Resource and Ore Reserve Estimates at their recent Herc...