The Company’s core business strategy of holding a wide range of royalties has proven to be successful and we continue to evaluate and acquire royalties in extractive industries in the global markets. Many of our royalties are over permits in the exploration and development phase and represent upside potential.

Comparatively our closing 2020FY cash balance has strengthened the group’s balance sheet, and this cash will be used to analyse and acquire additional royalties in reliable legal and economic regimes throughout the world.