The Forrestania property is located in Australia, about 400 km east of the City of Perth.
Sandstorm’s royalty covers approximately 42 sq km of the Forrestania property including a portion of the high grade Flying Fox nickel mine. Both the Flying Fox and the Spotted Quoll mines finished production in November 2023 and the remaining property remains prospective for additional nickel exploration and discovery.
Production at Flying Fox commenced in 2006 as an underground, long-hole stoping operation with low cash costs at under $3.00 per pound of nickel. The Flying Fox mineralization extended from 250 metres to 1.2 km below the surface and included discrete independent orebodies with high grade massive sulphide as well as a large volume of low grade disseminated mineralization. Resource grades ranged from 3.9% to 6.2% nickel and increased at depth.
