Deterra Royalties Limited (ASX: DRR) (Deterra or Company) is pleased to confirm total royalty receipts for the March 2021 quarter of $36.4 million. Deterra had three producing royalties in the period, comprising:
• Iron ore royalties of $36.3 million from Mining Area C (MAC); and
• Other royalties of $0.1 million from Western Australian mineral sands operations.
MAC iron ore royalties increased by 49% compared to the December 2020 quarter as sales volumes increased and iron ore prices strengthened. Adjustments to provisional pricing for the month of December further contributed to the increase in MAC revenue for the March 2021 quarter.
Ann: Quarterly Royalty Revenue Update, page-2
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