Elemental acquired a 2% GRR royalty on the Laverton gold project in Feb 2021.
The Laverton gold project is located in the Eastern Goldfields region of Western Australia, surrounding the town of Laverton, approximately 250km north of Kalgoorlie. Elemental's interest is a 2% Gross Revenue Royalty payable on certain licences held by Focus Minerals Ltd (“Focus”) at their brownfield Laverton gold project in Western Australia. In addition, there is a separately defined royalty covering nickel, copper and platinum group metals on certain of the tenements.
Focus has been actively exploring royalty-linked tenements and advancing its Stage 1 production plan, which contemplates open pit mining of the Beasley Creek, Beasley Creek South, Telegraph and Wedge – Lancefield North deposits. The Pre-Feasibility Study is expected to be released during Q1 2021.
Focus is also advancing its Stage 2 production plan, which contemplates mining of the refractory Lancefield Underground, Rumor and Apollo deposits (among others), with first production targeted for 2025.
For more information on Lancefield, please visit: http://www.focusminerals.com.au/