Nations Royalty’s foundation portfolio begins with the five royalties that the Nisga’a Nation has in place in respect of the following properties
Newmont Corporation – Brucejack Mine
Ascot Resources Ltd. – Premier Project
Ascot Resources Ltd. – Red Mountain Project
Seabridge Gold Inc. – KSM Project
New Moly LLC – Kitsault Project
Brucejack is one of the highest-grade operating gold mines in the world. The mining method at Brucejack is long-hole stoping using a combination of longitudinal and transverse mining, depending on zone width and orientation. The ore is crushed underground and conveyed to the surface where the fully enclosed mill produces gold-silver doré bars and flotation concentrate. Brucejack offers significant near-mine and district-scale exploration opportunities with exciting potential to realize resource and reserve growth.
Nations Royalty owns a Brucejack Annual Payment equal to a percentage of the Mineral Tax payable by Newmont in each calendar year under the Mineral Tax Act in respect of Brucejack.
The Premier Gold Project (“PGP”) is located 25 kilometres from the town of Stewart, on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia. Stewart is situated at the end of the Portland Canal across the border from Alaska and has excellent infrastructure, including a paved highway to major transportation routes, a deep-water port (ice free in the winter), a concentrate load facility and extensive hydro power facilities for supporting mining and mineral exploration activities.
The Red Mountain Project (“RMP”) is located 15km northeast of the town of Stewart near the headwaters of the Bitter Creek Valley within Nisga’a Nation traditional territory. The Project was advanced by IDM Mining Ltd. between 2014 and 2019. A substantial deposit of high-grade gold has been delineated, primarily in the Measured and Indicated category and is accessed by 2,000 meters of production-sized underground workings. With an average thickness of 15 meters and up to 40 meters in areas, and with excellent ground conditions, the deposit is primarily amenable to low-cost longhole stoping. The Red Mountain Project received a Provincial Environmental Assessment Certificate on October 5, 2018 and a Federal Environmental Assessment Certificate on January 14, 2019. On March 28, 2019, RMP was purchased by Ascot and on April 10, 2019, the Company signed a Benefits Agreement with the Nisga’a Lisims Government.
Nations Royalty owns a Premier Gold and Red Mountain Annual Payment calculated as an amount equal to:
The KSM Project is the world’s largest undeveloped gold project as measured by reserves and resources. An updated Preliminary Feasibility Study (PFS) estimates proven and probable reserves total 47.3 million ounces of gold and 7.3 billion pounds of copper. The KSM Project has completed a joint harmonized environmental assessment review as outlined by the British Columbia Environmental Assessment Act and the Canadian Environmental Assessment Act. In July, 2014 the project received its Environmental Assessment Certificate from the provincial authorities. Final federal approval was received in December, 2014.
Nations Royalty owns a KSM Annual Payment calculated as an amount equal to:
The Kitsault Mine, located approximately 140 kilometers northeast of Prince Rupert in British Columbia, Canada, is one of the world’s largest and highest-grade primary molybdenum deposits. Discovered in 1911, the site has experienced multiple periods of activity and dormancy.
Early Development: Initial mining activities commenced in 1968 under the operation of B.C. Molybdenum Ltd., producing approximately 9.3 million tonnes of ore until 1972.
Nations Royalty owns a Kitsault Annual Payment based on the greater of:
Subscribe to our newsletter for the latest news on Indigenous partnerships and investments.
Suite 3123, 595 Burrard Street, Vancouver, British Columbia
V7X 1J1, Canada
Copyright © 2024 Nations Royalty Corp. – All Rights Reserved
Created By Exploration Sites