Franco-Nevada holds a 1% and 10% GR on the Henty Gold Mine located in northwest Tasmania operated by Unity Mining Limited (“Unity”). Henty is a small underground gold mine that has been in continuous production since 1996, though ownership has changed multiple times during this period. Royalty revenues have increased in recent years despite the decline in production, due to the increased share of production from 10% royalty ground. All current production, reserves and resources are subject to Franco-Nevada’s royalty which covers 1,458 hectares.

Updated: April 14, 2011