Revolution Mining owns a number of royalties linked to producing, developing and exploration projects which provide potential future near-term payments and/or revenue streams
E77/2550 and E77/2581 (Johnston Range) Reserve and Production Royalty (Iron Ore)
Revolution owns a $0.10 Reserve tonne and $0.20 – $0.30 mining tonne Royalty that relates to ore Reserves estimated and/or mined and treated from Exploration License E77/2550 and E77/2581 located approximately 70 km north of Mineral Resources Yilgarn Operations in Western Australia
The Company completed a sale and purchase agreement to sell a 100% interest in Exploration License E77/2550 and E77/2581 to ASX Listed Iron ore producer Mineral Resources Ltd (ASX: MRL) in October 2020.
As part of the sale, Revolution is entitled to future milestone payments from Min Res comprising:
(i) a one-off cash payment equal to $0.10 per tonne of haematite Iron Ore on the Tenements that is classified as an Ore Reserve under the JORC Code in a JORC Code compliant report prepared by a Competent Person (Reserve Payment); and
(ii) $0.20 – $0.30 per dry metric tonne of iron ore Product sold (Production Royalty)
E77/2550 and E77/2581 (Johnston Range) Reserve and Production Royalty (Iron Ore)
Revolution owns a $0.10 Reserve tonne and $0.20 – $0.30 mining tonne Royalty that relates to ore Reserves estimated and/or mined and treated from Exploration License E77/2550 and E77/2581 located approximately 70 km north of Mineral Resources Yilgarn Operations in Western Australia
The Company completed a sale and purchase agreement to sell a 100% interest in Exploration License E77/2550 and E77/2581 to ASX Listed Iron ore producer Mineral Resources Ltd (ASX: MRL) in October 2020.
As part of the sale, Revolution is entitled to future milestone payments from Min Res comprising:
(i) a one-off cash payment equal to $0.10 per tonne of haematite Iron Ore on the Tenements that is classified as an Ore Reserve under the JORC Code in a JORC Code compliant report prepared by a Competent Person (Reserve Payment); and
(ii) $0.20 – $0.30 per dry metric tonne of iron ore Product sold (Production Royalty)
E77/2539 and E77/2540 (Johnston Range) Resource Royalty (Gold)
Revolution owns a $5.00 per Resource ounce of gold Royalty that relates to Resources estimated from Exploration License E77/2539 and E77/2540 located in the Marda Greenstone Belt in Western Australia.
The Company completed a sale and purchase agreement to sell a 100% interest in Exploration License E77/2539 and E77/2540 to ASX Listed Junior Twenty Seven Co Ltd (ASX: TSC) in December 2020.
As part of the sale, Revolution is entitled to a future milestone payment relating to estimation of Inferred Resources of at least 50,000 ounces of gold from within the Tenements, whereby TSC will pay a consideration of:
(i) $250,000; and
(ii) $5 for every gold ounce over 50,000 announced in the JORC Announcement (up to a maximum of 100,000 ounces).
E59/2180 and P59/2182 (South Brandy Hill) Resource, development and Production Royalty (Copper)
Revolution owns a 1% NSR Royalty that relates to ore mined and treated from Exploration License E59/2180 and P59/2182 located approximately 20 km south of Silverlake’s Deflector Operations in Western Australia.
The Company completed a sale and purchase agreement to sell a 100% interest in Exploration License E59/2180 and P59/2182 to a private junior exploration company in May 2021.
As part of the sale, Revolution is entitled to future milestone payment namely:
(i) $200,000 cash payment on the delineation of a JORC Mineral Resource of ≥100,000 tonnes of contained Copper Equivalent in aggregate within the Tenement Area, reported in accordance with the JORC Code and estimated (or based on documentation prepared) by a Competent Person as defined by the JORC Code;
(ii) $300,000 cash payment on decision to Mine; and
(iii) A 1% NSR Royalty on production
E59/2180 and P59/2182 (South Brandy Hill) Resource, development and Production Royalty (Copper)
Revolution owns a 1% NSR Royalty that relates to ore mined and treated from Exploration License E59/2180 and P59/2182 located approximately 20 km south of Silverlake’s Deflector Operations in Western Australia.
The Company completed a sale and purchase agreement to sell a 100% interest in Exploration License E59/2180 and P59/2182 to a private junior exploration company in May 2021.
As part of the sale, Revolution is entitled to future milestone payment namely:
(i) $200,000 cash payment on the delineation of a JORC Mineral Resource of ≥100,000 tonnes of contained Copper Equivalent in aggregate within the Tenement Area, reported in accordance with the JORC Code and estimated (or based on documentation prepared) by a Competent Person as defined by the JORC Code;
(ii) $300,000 cash payment on decision to Mine; and
(iii) A 1% NSR Royalty on production