Sustainability & Environment
The company has chosen to extend its asset base by pursuing advanced exploration opportunities to complement cash flows from royalty rights.
In recent times the Philippines has been the principle principal area of interest where the Gambang Prospect offered a substantial porphyry copper/gold target. Adverse local, regional and federal politics have made the ability to advance exploration activities in this area through to a commercial outcome in the short to medium term sub- economic. This interest has now been converted to a Net Smelter Return with a private local group.
The global downturn in both equity and commodity markets for the resource sector is generating fresh opportunities elsewhere and these are now being progressed.