Metalla Royalty & Streaming – Royalty Acquisition On Barrick’s Lama Complex, East Of The Pascua-Lama Pit
Brett Heath, President and CEO of Metalla Royalty & Streaming (TSX.V:MTA – NYSE:MTA) joins me to discuss the December 12th news release announcing the acquisition of a couple royalties on Barrick Gold’s Lama Complex, in Chile. The royalty area (see the map below) is adjacent, to the east, of the Pascua-Lama pit. The acquisition encompasses an existing 2.5% to 3.75% gross value return (“GVR”) royalty on gold and silver, and a 0.25% to 3.0% net smelter return (“NSR” and together with the GVR, the “Royalties”) royalty on copper and other non-precious minerals, extracted from the majority of the Lama project.
We start by Brett providing a background on the Pascua-Lama asset which has been very up and down. Recently Barrick has committed up to $75 million at the Lama project with 10 to 12 drill rigs operating and studies are ongoing to evaluate the capital required to complete the mill and plant facilities in Argentina with a goal to target a development decision in 2024.
If you have any follow up questions for Brett please email me at Fleck@kereport.com.