Altius
This project is part of our
All-Canadian royalty portfolio

Esterhazy (potash)
Prairie Royalties

Location
85 km southeast of Yorkton, Saskatchewan, Canada

Operator
Mosaic
www.mosaicco.com

Commodity
Potash

Asset Profile
2018 Royalty Revenue $3.4 million
Annual production capacity 5.3 mt
Estimated Mine Life 71 years

The Esterhazy K1 and K2 mines are located on existing CNR sidings at Yarbo and Gerald, approximately 85 km southeast of Yorkton, Saskatchewan. When the Esterhazy K3 expansion is completed (expected in 2024), the full K3 complex is expected to be the largest underground potash operation in the world. Altius's royalty exposure is on all 3 unitized areas, with mining expected to transition from K1/K2 (current) to K3. Sequencing and impacts to Altius's royalty exposure will be communicated to us by the operator for each year roughly one year in advance, with some royalty payment variance expected during this transition; however, Altius has exposure to all 3 unitized areas and expects to benefit long term from Esterhazy utilizing its full capacity.

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