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Cover for Elemental Altus Royalty and the Expected Diba Production into the Portfolio

Elemental Altus Royalty and the Expected Diba Production into the Portfolio

September 09, 2024
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Mining Stock Daily
By Mining Stock Daily
Mining Stock Daily

Elemental Altus Royalty CEO, Fred Bell, talks to us about the latest news from Allied Gold's Diba Deposit. Allied Gold has recently announced a settlement of terms for a protocol agreement with the Government of Mali to secure approvals for advancing the development and processing of the Diba deposit. In addition to expected milestone payments, Elemental Altus holds a 3% NSR royalty on the first 226,000 ounces of gold production at the Diba and Lakanfla licences, and an uncapped 2% NSR thereafter. The Diba deposit is ~12km from Allied's producing Sadiola Gold Mine.

Mining Stock Daily
Mining Stock Daily
Mining Stock Daily is a news-style briefing delivering the day's most important information out of the junior mining and mineral exploration sector. Content is published throughout the world on a dozen different platforms.
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