Deterra Royalties Ltd at 121 Mining Investment EMEA Conference (Virtual) Transcript
Welcome to Deterra Royalties. My name is Julian Andrews, Managing Director and CEO. Before I begin, I just like to draw your attention to Slide 2, and just note that any references to dollars actually are Australian dollars. Deterra Royalties is an Australian-based royalty company, with exposure to iron ore through its core asset.
Our royalty over the BHP operated Mining Area C in the Pilbara region of Western Australia. By way of a brief overview, we have a portfolio of six royalties, three of which are producing, with revenue of almost entirely weighted to iron ore through the Mining Area C, or MAC royalty. We've been trading on ASX for about a year following our demerger from Iluka Resources in late 2020 and have a current market capitalization of approximately AUD2 billion. And at June 30 this year, we're net cash.
Last financial period, we reported revenue of $145 million, and recently announced revenue of $59.7 million for the September 21 quarter. The royalty investment model is well established and has
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