what royalties are in feasibility stage?
We hold several royalties in feasibility stage across our mineral portfolio:
Mineral Royalties in Feasibility Stage
| Property | Commodity | Developer | Royalty Basis | Status |
|---|---|---|---|---|
| Kami | Iron Ore | Champion Iron Limited | 3% GSR | Feasibility study currently underway |
| Neves | Lithium | Atlas Lithium Corporation | 3% GOR | Definitive feasibility study |
| Moblan | Lithium | Elevra Lithium Limited | 2.5% GOR on first 1Mt ore processed, 1.5% GOR thereafter | Definitive feasibility study |
| Gold | AngloGold Ashanti | o.5% NSR | Feasibility study board approval expected 2026 | |
| Copper | Lundin Mining | 3.7% copper stream | Pre-Feasibility study completed, expansion decision expected H2 2026 | |
| Copper | Gunnison Copper Corp | 1.625% GSR | Pre-feasibility study underway |
Key Updates
Kami (Iron Ore): Champion continues to evaluate the potential for Kami's high-purity direct reduction (DR) grade iron ore concentrates. The company has commenced the environmental review and permitting process and announced an agreement with Nippon and Sojitz as offtake and equity partners. Nippon and Sojitz made initial cash contributions of $68.6 million during 2025 and are expected to provide their next financial commitment following completion of a definitive feasibility study expected in the second half of 2026.
Neves (Lithium): Atlas Lithium has secured all permits for its Neves project and is now anticipating commercial production in Q4 2027 with average annual production expected of 146 ktpa SC5.5 for Phase 1.
Moblan (Lithium): Elevra Lithium, operator of the Moblan project, has progressed environmental baseline studies and begun preparations for an updated Scoping Study. The current production throughput at Moblan is anticipated to be 300 ktpa SC6.
Published by Altius Minerals’ investor relations team, from the company's approved public materials. Last updated October 1, 2026.