Helix Resources Limited Directors' report For the half-year ended 31 December 2023 13 3.2 Iron Ore Royalties Helix holds two iron ore focused mineral production royalties arising from historic joint venture and divestment transactions: Yalleen Royalty: is a 1.0% Free-on-Board (FOB) royalty on all iron ore production sold from the former Yalleen Iron Ore Project JV located in the West Pilbara region of Western Australia (as well as a 1.0% net-smelter return (NSR) royalty on precious and base metals production). These tenements (EL’s 47\1169, 1170 & 1171) are part of the ‘Stage 2 Area’ of the West Pilbara Iron Ore Project held by the Australian Premium Iron Ore Joint Venture Partners whose ultimate ownership links to POSCO, Bao Steel and Mineral Resources Limited. Further details are available on the API Management website; https://www.apijv.com.au/. Olary Royalty: is a 1% FOB royalty on all iron ore production sold from EL6115 located in the Braemar Iron Province of South Australia which hosts magnetite iron mineralisation. The EL is a core component of Lodestone Mines Limited’s Olary Flats Project. Further background on the Olary Project is available at: https://www.lodestonemines.com/.
HLX Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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