Deterra said the royalty covers a portion of the Santa Cruz project and includes a right of first offer on a further 0.25% royalty. The company said the effective royalty rate is 1.68% until the sixth anniversary of commercial production and 1.57% thereafter, over about 84% of recently announced Mineral Reserves.
The company said Santa Cruz is transitioning into early construction, with first copper cathode projected for 2029. It said the project timeline remains subject to completing project financing and receiving necessary permits.
Deterra said its average annual royalty revenue at a copper price of US$5.00 per pound would be US$10.7 million. This is a company estimate and depends on the stated copper-price assumption and project outcomes.
Source: Download DRR official ASX announcement, 2026-10-19.
Map locating the Santa Cruz royalty in Deterra Royalties’ October 2026 corporate presentation.