Elemental Altus Royalties Publishes 2024 Asset Handbook
Elemental Altus Royalties Publishes 2024
Asset Handbook
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2024) - Elemental Altus Royalties Corp.
(TSXV: ELE) (OTCQX: ELEMF) ("
Elemental Altus
" or "the
Company
") announces the publication of
the 2024 edition of its Annual Asset Handbook, providing detailed information about the Company's
portfolio of high-quality production, development, and exploration stage royalties, as well as the
operators' underlying Mineral Resource and Mineral Reserve Estimate information. The handbook can
be downloaded from the Company's website at
www.elementalaltus.com
.
Frederick Bell, CEO of Elemental Altus, commented:
"2024 is set to be another record year for Elemental Altus, with significant growth in adjusted revenue
and free cash flow while continuing to build out the Company's development royalties. We are
delighted to release the second edition of the Asset Handbook, featuring our newly acquired assets as
well as significant project updates over the last 12 months. This Handbook exhibits the strength and
depth of our portfolio, with over 80 royalties covering approximately 13,500 square kilometres. We
look forward to continuing our strong momentum into 2025."
2024 Highlights:
The Company doubled its existing producing royalties over the Bonikro gold mine, the Ballarat
gold mine and SKO, which forms part of Northern Star's world class Kalgoorlie Operations
Similarly increased ownership over 21 of the Company's exploration and development royalties in
Australia
Acquired an uncapped 4.0% NSR on the Mactung Project in Canada currently being advanced by
Fireweed Metals Corp, a Lundin Group company
Allied Gold Corp. announced the commencement of mining at Elemental Altus' newest producing
royalty Korali-Sud
1
, formerly known as Diba, over which the Company has a 3.0% NSR over the
first 226,000 ounces gold produced, and an uncapped 2.0% NSR thereafter, plus a further US$5
million in milestone payments
Capricorn Metals Ltd announced a 30% production expansion at Elemental Altus' cornerstone
Karlawinda Gold Project, targeting an increased production rate of 150,000 ounces per annum
2
Arizona Sonoran Copper Company Inc. released an updated NI 43-101 Preliminary Economic
Assessment on the Cactus Project, over which the Company has an uncapped 0.68% NSR royalty,
outlining a conceptual open-pit operation targeting 232 million pounds average annual copper
cathode production over the first 20 years of operation
3
Frederick Bell
CEO and Director
Corporate & Media Inquiries:
Tel: +1 604 646 4527
www.elementalaltus.com
Elemental Altus is a proud member of Discovery Group. For more information please visit:
www.discoverygroup.ca
or contact +1 604 646 4527.
TSX.V: ELE | OTCQX: ELEMF | ISIN: CA28619K1093 | CUSIP: 28619K109
About Elemental Altus Royalties Corp.
Elemental Altus is an income generating precious metals royalty company with 11 producing royalties
and a diversified portfolio of pre-production and discovery stage assets. The Company is focused on
acquiring uncapped royalties and streams over producing, or near-producing, mines operated by
established counterparties. The vision of Elemental Altus is to build a global gold royalty company,
offering investors superior exposure to gold with reduced risk and a strong growth profile.
Qualified Person
Richard Evans, FAusIMM, is Senior Vice President Technical for Elemental Altus, and a qualified person
under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and
approved the scientific and technical disclosure contained in this press release. Capricorn's press
release and disclosure (including that referred to in this press release) includes inferred mineral
resources that are too speculative geologically to have economic considerations applied to them that
would enable them to be categorized as mineral reserves and there is no certainty that the forecast
production amounts will be realized.
Notes
1) "Allied Gold Announces Third Quarter 2024 Results: Implementing Operational Improvements, Securing Key Regulatory Approvals, Advancing
Development at Kurmuk and Sadiola, and Strengthening Financial Flexibility Through Strategic Initiatives", dated November 7, 2024, at
https://alliedgold.com/
2) "Karlawinda Expansion to Increase Annual Gold Production to 150,000 Ounces", dated October 29, 2024, at
https://capmetals.com.au/
3) "Arizona Sonoran Standalone PEA for Cactus Open Pit Project Reports Post-Tax NPV8 of US$2.03 Billion (C$2.77 Billion) and IRR of 24% and LOM
EBITDA of US$11.29 Billion (C$15.36 Billion)" dated August 7, 2024, at
https://arizonasonoran.com/
Non-IFRS Measures
The Company has included certain performance measures which are non-IFRS and are intended to
provide additional information and should not be considered in isolation or as a substitute for measures
of performance prepared in accordance with IFRS. These non-IFRS measures do not have any standard
meaning under IFRS and other companies may calculate measures differently.
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-
V) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary note regarding forward-looking statements
This news release contains certain "forward looking statements" and certain "forward-looking
information" as defined under applicable Canadian securities laws. Forward-looking statements and
information can generally be identified by the use of forward-looking terminology such as "may", "will",
"should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology.
Forward-looking statements and information include, but are not limited to, statements with respect to
the date that the name change is expected to become effective, whether shareholders will be required by
their broker to exchange their issued certificate for a new certificate or take any other action in
connection to the name change, the Company's ability to deliver a materially increased revenue profile
with a lower cost of capital, the future growth, development and focus of the Company, and the
acquisition of new royalties and streams. Forward-looking statements and information are based on
forecasts of future results, estimates of amounts not yet determinable and assumptions that, while
believed by management to be reasonable, are inherently subject to significant business, economic and
competitive uncertainties and contingencies.
Forward-looking statements and information are subject to various known and unknown risks and
uncertainties, many of which are beyond the ability of Elemental Altus to control or predict, that may
cause Elemental Altus' actual results, performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties
and other factors set out herein, including but not limited to: the impact of general business and
economic conditions, the absence of control over the mining operations from which Elemental Altus will
receive royalties, risks related to international operations, government relations and environmental
regulation, the inherent risks involved in the exploration and development of mineral properties; the
uncertainties involved in interpreting exploration data; the potential for delays in exploration or
development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-
19 pandemic; the possibility that future exploration, development or mining results will not be consistent
with Elemental Altus' expectations; accidents, equipment breakdowns, title matters, labour disputes or
other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs
and expenses; uncertainties relating to the availability and costs of financing needed in the future; the
inherent uncertainty of production and cost estimates and the potential for unexpected costs and
expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including
environmental regulatory restrictions; liability, competition, loss of key employees and other related risks
and uncertainties. For a discussion of important factors which could cause actual results to differ from
forward-looking statements, refer to the annual information form of Elemental Altus for the year ended
December 31, 2023. Elemental Altus undertakes no obligation to update forward-looking statements
and information except as required by applicable law. Such forward-looking statements and information
represents management's best judgment based on information currently available. No forward-looking
statement or information can be guaranteed, and actual future results may vary materially. Accordingly,
readers are advised not to place undue reliance on forward-looking statements or information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/233001