Elemental Altus Royalties Corp. has announced continued growth at its royalty assets, highlighted by two major developments. The company holds a 2% gross revenue royalty on the Laverton Project in Western Australia, which has been acquired by Genesis Minerals Limited for A$250 million. This acquisition highlights Laverton's potential to supply ore to Genesis's nearby Laverton mill. Additionally, Elemental Altus has a royalty on the Hercules Discovery, part of Northern Star Resources Limited's South Kalgoorlie Operations. Northern Star reported a maiden Mineral Resource and Ore Reserve Estimate of approximately 900,000 ounces of gold at Hercules, underscoring the project's scale and potential. Elemental Altus's A$10 per ounce production royalty and additional discovery bonuses emphasize the value in their exploration and development portfolio.
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