Project UpdateJul 29, 2026, 05:26 PM
Elemental Royalty Notes 32% Increase in Karlawinda Gold Reserves
AI Summary
Elemental Royalty announced a significant 32% increase in Mineral Reserves at the Karlawinda Gold Project, a cornerstone asset for the company. The Probable Mineral Reserve now stands at 1.57 million ounces of gold, with the Indicated Mineral Resource increasing by 30% to 2.38 million ounces. The expansion of the Karlawinda processing plant is on track for commissioning in Q3 2026, which is expected to extend the mine life to approximately 10 years and boost annual gold production to 150,000 ounces, enhancing Elemental's royalty revenue.
Key Highlights
- Karlawinda Probable Mineral Reserve increased by 32% to 1.57 million ounces of gold.
- Karlawinda Indicated Mineral Resource increased by 30% to 2.38 million ounces of gold.
- Processing plant expansion at Karlawinda is nearing completion, expected Q3 2026.
- Increased reserves support an approximately 10-year mine life.
- Anticipated annual gold production of approximately 150,000 ounces post-expansion.
- Karlawinda contributed US$8.9 million in zero-cost revenue to Elemental in 2025.
Price Impact
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