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The asset
Pilbara Critical Minerals Royalty Note — the underlying real asset securing this offering.
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Slide 1 of 3: The asset. Pilbara Critical Minerals Royalty Note — the underlying real asset securing this offering.
Coming soonCritical minerals · Pilbara, WA
Pilbara Critical Minerals Royalty Note
A 1.2% gross revenue royalty over lithium and rare-earth production in the Pilbara, aligned to the pipeline created under the US–Australia Critical Minerals Framework. Indicative 11–13% p.a. IRR; register interest for the institutional tranche.
PCMR-28ERC-3643 (permissioned)Redbelly NetworkFIRB pre-screenedLithiumRare earthsUS–AU Critical Minerals Framework
Key metrics
- Royalty rate
- 1.2% of gross revenue
- Indicative IRR
- 11–13% p.a.
- Mine life (JORC)
- 18 years
- Status
- Register interest
- Offtake
- Under negotiation
- Risk band
- D
Use of proceeds
- Royalty acquisition from the sponsor (A$62m)
- Structuring, legal and technical diligence (A$8m)
Structure
- Sponsor
- Red Range Resources
- Trustee
- Perpetual Corporate Trust
- Custodian
- Zerocap (MPC, insured)
- Instrument
- Revenue-royalty note (1.2% gross revenue royalty)
- Ranking
- Royalty deed over tenement revenue
- LTV
- n/a
- DSCR
- n/a
- Maturity
- Open-ended
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