Elemental Altus Expands Royalty Portfolio with Cornerstone Laverton Acquisition and Dugbe Development Asset
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus" or the…
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Highlights:
- Focus Laverton Royalty (Western Australia)
- ~US$52 million acquisition of an uncapped 2% GRR over Genesis' recently acquired multi-million-ounce Focus Laverton Project to create third cornerstone asset alongside Karlawinda and Caserones
- The Focus Laverton Royalty covers ~2.1Moz of Measured and Indicated Resources and 1.5Moz of Inferred Resources adjacent to Genesis' operating Laverton mill, 99% on granted mining leases and positioned for rapid inclusion into Genesis' mine plan
- The Focus Laverton 2% GRR overlaps the Company's existing 2% GRR covering approximately 0.75Moz of Measured and Indicated Resources and 1.1Moz of Inferred Resources at the same project
- The combination of Elemental Altus' existing Laverton royalty and the Focus Laverton Royalty create a cornerstone 2-4% GRR for the Company in a Tier 1 jurisdiction with a proven mid-tier operator in Genesis Minerals
- Royalty tenure has been near-dormant for over a decade with Genesis highlighting the compelling exploration upside across ~300km² of highly prospective licences
- Genesis have also announced studies are ongoing into staged processing plant expansions at their Laverton mill
- As part of the same transaction, the Company acquired an uncapped 2% GRR on Brightstar's producing Jasper Hills Project in the same Laverton district
- The Jasper Hills Royalty is currently in production with mineralised materials being toll treated through Genesis' Laverton mill while Brightstar advance standalone development plans
- Dugbe (Liberia)
- Initial US$16.5 million acquisition of an uncapped 2.0% NSR royalty over the 3.3Moz Measured and Indicated Resource at the Dugbe Project, increasing to 2.5% under certain production and gold price conditions
- Pasofino's 2022 Feasibility Study outlined a 14-year mine life producing ~162koz gold per annum at US$1,700/oz assumptions
- An updated Feasibility Study is underway and the Project is expected to be reinvigorated with the support of the new indirect majority owner, Coris Bank International
- Mineral Reserves of 2.8Moz gold and significant exploration upside across up to 1,257km² of royalty coverage
- Pasofino well placed to accelerate the development of the project over 2026 and updated studies will de-risk the asset going forwards
