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Chancery Royalty bought a 1% gold royalty in Papua New Guinea for $1M, with up to $450K invested by June 2026.
Chancery Royalty Ltd. has invested up to AUD$450,000 in Eagle Exploration Pty Ltd. by June 2026 and secured a 12-month option to buy a 1% Net Smelter Return royalty on Papua New Guinea’s Rolg Ridge Gold Prospect for US$1 million.
The project, within tenement EL 1611, shows potential for a large, high-grade gold system with free gold identified over a 1,000-meter strike.
Eagle, founded in September 2025, is working to earn a 100% interest from Kupuyapa Mining Ltd. Chancery, launched in November 2025, holds producing royalties in Arizona, Finland, and Brazil and is targeting a 2026 public listing with a Series A financing at US$3.00 per share.
The company expects around 4,000 gold-equivalent ounces in 2026 and a medium-term growth pipeline exceeding 28,000 GEOs, supported by ongoing exploration including LIDAR surveys.
Chancery Royalty compró un 1% de regalías de oro en Papua Nueva Guinea por $ 1M, con hasta $ 450K invertidos para junio de 2026.