Ora Banda Mining completed its DEPL transaction with Davyhurst Exploration, a division of Wesfarmers Chemicals, Energy & Fertilisers, receiving $11.7 million cash with a final payment of $4.3 million expected by April 30, totalling $26 million.
The deal includes a 2% royalty on non-gold minerals at the Davyhurst Project.
Ora Banda Mining stands to gain $4 million from Hawkes Point for some royalty rights.