31 Oct 2011

Interim Results for the three and nine months ended September 30, 2011



Highlights:

- Increased royalty income for the quarter of £8.3 million (£6.6 million for Q3 2010)
- Royalty cash flow per share for the nine months ended September 30, 2011 of 23.13p (21.06p for the comparable period in 2010)
- Strong cash position at September 30, 2011 of £23.5 million (£28.3 million at December 31, 2010), with no borrowings or hedging
- Completion of acquisition of royalties on Cliffs Natural Resources' Black Thor, Black Label and Big Daddy chromite deposits
- Completion of acquisition of Isua iron ore royalty from London Mining Plc
- Total assets of £388.5 million at September 30, 2011 (£415.6 million at December 31, 2010)

For a full copy of this release please click here.

For a full copy of the Q3 Interim Financial Statements .

For a full copy of the Q3 Management Discussion and Analysis .