Mount Mason Sale Nets Juno A$6m Cash Plus 2% Royalty, Production to Start Mid-2026
Juno Minerals has completed the sale of its Mount Mason DSO Hematite Project to Gold Valley Yilgarn for A$6 million cash plus a 2% royalty, with production set to start mid-2026. The deal strengthens Juno’s cash position while allowing focus on its flagship Mount Ida Magnetite Project.
- Mount Mason Project sold to Gold Valley Yilgarn for A$6 million cash plus 2% FOB royalty
- Full payment received, royalty provides ongoing income stream for Juno
- GVY plans to start production mid-2026 using existing Juno infrastructure
- Sale does not affect Juno’s major Mount Ida Magnetite Project
- Juno to use proceeds for Mount Ida development, exploration, and working capital
Mount Mason Sale Completed
Juno Minerals Limited has officially completed the sale of its Mount Mason Direct Shipping Ore (DSO) Hematite Project to Gold Valley Yilgarn Pty Ltd (GVY), an established regional iron ore producer. The transaction, first announced in June 2025, was finalised with the full A$6 million cash consideration now received by Juno, alongside a 2% FOB revenue royalty on all iron ore production from the project.
This deal marks a strategic divestment for Juno, which after thorough project reviews determined that the capital expenditure required to develop Mount Mason as a standalone operation was not justified. Instead, the sale allows Juno to capitalise on the project’s value while benefiting from future production through the royalty stream.
Royalty Income and Operational Synergies
Gold Valley Yilgarn plans to leverage existing Juno infrastructure and the fully permitted status of the Mount Mason tenements to commence production by mid-2026. The royalty arrangement ensures Juno retains a financial interest in the project’s success without the operational risks or capital demands of development.
GVY’s integration of Mount Mason into its Wiluna operations and supply chain to the Port of Esperance is expected to enhance efficiencies and reduce costs, positioning the project for near-term production. Juno has also granted GVY access to a haul road crossing its Mount Ida tenements and leased its Cassini Village accommodation to support GVY’s workforce needs.
Mount Ida Remains Core Focus
Importantly, the sale of Mount Mason does not impact Juno’s strategic flagship asset, the Mount Ida Magnetite Project. With a substantial resource of 1.85 billion tonnes at nearly 30% iron content, Mount Ida remains a cornerstone of Juno’s growth ambitions. The company intends to reinvest proceeds from the Mount Mason sale into advancing Mount Ida, including attracting joint venture partners and completing a feasibility study.
Mount Ida’s high-grade magnetite concentrate aligns with the growing demand for premium steelmaking feedstock, particularly in the context of the green steel transition. Its proximity to other major projects in the Yilgarn region further underscores its strategic value.
Looking Ahead
Juno’s decision to divest Mount Mason while securing a royalty interest reflects a pragmatic approach to asset management, balancing immediate cash flow with long-term upside. As GVY prepares to bring Mount Mason into production, Juno’s focus on Mount Ida and exploration opportunities positions it well for future growth in the iron ore sector.
Bottom Line?
Juno’s Mount Mason sale boosts cash and future income, setting the stage for renewed focus on its major Mount Ida project.
Questions in the middle?
- How soon will the 2% royalty from Mount Mason translate into meaningful cash flow for Juno?
- What progress can investors expect on the Mount Ida feasibility study and potential joint ventures?
- How will GVY’s operational plans for Mount Mason impact regional iron ore supply dynamics?
