Juno retains a 2% FOB revenue royalty over all iron ore produced from Mount Mason mining lease M29/408 and the supporting G29/23 and L29/132 tenements sold to Gold Valley Yilgarn. The royalty is secured by mining mortgages. Gold Valley acquired the tenements on 6 October 2025 for A$6 million cash and now owns and controls the project. Mount Mason hosts a JORC 2012 resource of 4.8 Mt Measured at 60.3% Fe, 1.08 Mt Indicated at 59.4% Fe and 0.32 Mt Inferred at 58.4% Fe. A feasibility study was completed in 2012 and the project is fully permitted. Juno's April 2026 filing only reports Gold Valley's plan for haul-road construction from late May and site mobilisation in mid-2026; it does not confirm actual construction, mining or royalty receipts.
- Country
- Australia
- Commodity
- Fe
- Stage
- Feasibility