ROYALTY INCOME
THE ROYALTY
SWEET SPOT
DISCOVERY UPSIDE
May 2022
OVERVIEW |
ROYALTIES |
PROJECTS |
INVESTMENT CASE |
APPENDICES |
INVESTMENT HIGHLIGHTS
STRATEGIC OBJECTIVE: BUILD A BILLION DOLLAR MINING ROYALTY BUSINESS
Unique Platform
A portfolio of global mining royalties with an exploration focus on Africa
Strong Momentum
Transitioned into a revenue generator through landmark transactions
Management are Owners
Directors are strongly aligned currently holding ~ 13% of the equity
The Mining 'Sweet Spot'
A hybrid combining discovery upside & long term royalty income
Portfolio Diversification
33 royalties, 27 projects, 9 countries and 9 metals
Strategic Support (La Mancha)
35% holding
US$29m strategic acquisition facility
2
OVERVIEW |
ROYALTIES |
PROJECTS |
INVESTMENT CASE |
APPENDICES |
THE MINING ROYALTY COMPANY
Altus is an income generating mining royalty company with a diversified and precious metal focused portfolio of assets comprising 33 royalty interests and 27 project interests across nine countries and nine metals.
4
29
27
PRODUCING ROYALTIES
PRE-PRODUCTION ROYALTIES
PROJECTS
US$6.4M 2022 ANNUAL AFTER
TAX ROYALTY INCOME*
35% CORNERSTONEINVESTOR
ROYALTY & PROJECT PARTNERS
Producing
Projects
3
OVERVIEW |
ROYALTIES |
PROJECTS |
INVESTMENT CASE |
APPENDICES |
BOARD & MANAGEMENT TEAM
DIRECTORS
DAVID NETHERWAY |
STEVEN POULTON |
MATTHEW GRAINGER |
KARIM NASR |
MICHAEL WINN |
GERARD DE HERT |
ROBERT MILROY |
Non-Executive Chairman |
Chief Executive |
Executive Director |
Non-Executive Director |
Non-Executive Director |
Non-Executive Director |
Non-Executive Director |
Mining Engineer with over 45 |
Mining Geologist with over |
Mining Geologist with over 20 |
Mr Karim Nasr is the Chief |
Geologist with over 37 years' |
Mr De Hert serves as |
Capital markets' specialist |
years' experience. Chairman of |
20years' |
years' experience. Co-founder |
Executive of La Mancha, a |
experience. Co-founder and |
Managing Director, Technical |
with over 45 years' |
Altus. Director of Canyon |
experience. Co-founder of |
of Altus, Ariana and former |
mining investment fund with a |
Chairman of EMX Royalty, |
Services for La Mancha, where |
experience. Former MD of |
Resources, Kore. Former |
Altus, Ariana, African Aura |
COO of African Aura [Afferro / |
portfolio of assets, including |
President of Seabord, director |
he oversees the technical |
Eagle Drilling and founder of |
director of Afcan, Afferro, |
[Afferro / Avesoro] and Stellar |
Avesoro]. |
Altus Strategies. Karim joined |
of Atico. Former director of |
assessment of new and |
Corazon Capital. Chairman of |
African Aura, Avesoro, |
Diamonds |
La Mancha as its Chief |
Legend, Sprott, Reservoir (co |
existing investments. |
Milroy Capital and Director of |
|
Crusader, Equigold, Gryphon, |
Financial Officer in 2018. |
founder) Revelo, Alexco and |
the Energy Venture Funds III, |
|||
Kilo, Orezone and Shield. |
NGEx. |
IV & V. |
MANAGEMENT TEAM
ALISTER HUME |
SANDRA BATES |
MARTIN KEYLOCK |
WILL SLATER |
AMILHA YOUNG |
MICHAEL STARKE |
DR. RICHARD BELCHER |
|
Chief Investment Officer |
General Counsel |
CFO |
VP Operations |
Co Sec & Legal Counsel |
VP Corp. Development |
Sr Consultant Geologist |
|
Experienced investment and |
International lawyer with |
Corporate accountant with |
Geologist with over 10 years' |
Qualified lawyer with over 20 |
Michael has over 14 years' |
Geologist with over 17 |
|
business development |
over 20 years' experience in |
over 15 years' experience. |
experience across Africa on a |
years' experience in corporate |
experience in the natural |
years' experience in Africa and |
|
manager with over a decade |
natural resources. A Partner at |
Previously with Velocys plc, a |
range of commodities. He has |
governance, having worked |
resources industry. He was |
Europe on a range of |
|
of experience in private equity |
Keystone Law, non-executive |
multinational AIM listed |
been involved in the |
with listed and private |
previously Corporate Finance |
commodities. He has been |
|
and capital markets in natural |
of Adriatic Metals Plc and |
renewable fuels business. A |
management of |
companies in the financial |
Manager for SolGold plc and |
involved in exploration from |
|
resources. Previously with The |
member |
member of the ACCA since |
reconnaissance, drilling and |
services and natural resources |
before that spent over 7 years |
grass-roots through to |
|
Sentient Group and KoBold |
of Women in Mining UK. |
2007. |
resource stage exploration |
sectors in Africa and the UK. |
in the Metals & Mining team |
resource and held |
|
Metals. |
programmes across Africa. |
at Standard Bank. |
management positions with |
||||
several junior companies. |
|||||||
4 |
OVERVIEW |
ROYALTIES |
PROJECTS |
INVESTMENT CASE |
APPENDICES |
CAPITAL STRUCTURE
STRONG SHAREHOLDER BASE AND ALIGNED MANAGEMENT TEAM
Listing |
AIM |
TSX-V |
OTCQX |
|
Ticker |
ALS |
ALTS |
ALTUF |
|
Issued shares |
117,321,678 |
|||
Share options |
9,100,000 (£0.7035 weighted average) |
|||
Warrants C$1.50 / 18 April 2023 |
5,541,388 |
|||
Fully diluted shares |
131,900,001 |
|||
Share price |
£0.53 |
C$0.86 |
||
Market capitalisation (undiluted) |
£62 million |
C$100 million |
||
Cash balance (31 December 2021) |
£6.4 million |
US$8.1 million |
||
Private
Investors,
27.28%
RIBO Trust,
0.95%
Euro Pacific
Gold Fund,
1.14%
Konwave,
2.09%
Sprott USA,
4.78%
Delphi,
5.97%
La Mancha,
35.08%
Altus Board and |
|
Management, |
|
Condire, |
13.19% |
9.52% |
5
Attachments
Disclaimer
Altus Strategies plc published this content on 13 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2022 18:14:10 UTC.