Royalties Division
Metals X has significant assets in the form of production royalty streams, payable by Australia's premier nickel producer BHP Billiton and sourced from two of the world's largest and most productive nickel fields being Kambalda and Mount Keith. In addition Metals X owns royalties over significant land positions in the Mt Keith district and covering large tracts of highly prospective nickel tenements (Kingston Royalty).
The total royalty income to Metals X between 2004-2006 is summarised below:
| Royalty | 2006 | 2005 | 2004 |
|---|---|---|---|
| Mt Keith | $4.45 Million | $2.72 Million | $3.07 Million |
| Kambalda | $3.94 Million | $2.49 Million | $2.70 Million |
| Kingston | Nil | Nil | Nil |
| Total | $8.39 Million | $5.21 Million | $5.77 Million |
Mt Keith
The Mount Keith Royalty is a 0.375% production royalty over all production from BHP's Mt Keith Nickel Project — the largest Nickel producer in Australia.More Information ›
Kambalda
The Kambalda or East Location 48 Royalty is a 1.35% nickel production royalty payable by BHP over several mining operations which includes part of the Long and all of the Otter/Juan Mines. More Information ›
Kingston
The Kingston Royalty is a 0.375% production royalty covering approximately 100 sq. kilometers of mining tenure and 40 lineal kilometers of the komatiite sequence rocks between Mount Keith and Honeymoon Well. These tenements are currently not in production. More Information ›