Deterra Royalties
James Thomson is an experienced Senior Resource Geologist at Deterra Royalties, specializing in identifying new investment opportunities and evaluating development feasibility. Previously, James held senior roles at Mineral Resources Limited, where significant contributions included overseeing bulk sampling and resource characterization for iron ore and lithium projects. At BHP, James led various geoscience studies and developed geological models while also managing a team of geologists. Throughout a career that began with groundwork as a Field Technician and culminated in impactful geoscience roles across multiple companies, James has developed a strong foundation in geology, resource analysis, and financial modeling, supported by academic qualifications in Geology and Finance from The University of Western Australia. James is also a Level 2 candidate in the CFA Program, further enhancing expertise in investment strategies.
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Deterra Royalties
Royalty companies provide investors with exposure to the value created through the discovery, extraction and sale of natural resources, typically without full exposure to some of the key operating risks of mining businesses. Ownership of the MAC Royalty gives Deterra Royalties exposure to one of the premier iron ore mines globally as measured by scale, cost position, credibility of the operator and remaining asset life. BHP operated MAC is a long-life, high-grade and low-cost asset forming part of BHP’s integrated Western Australia Iron Ore Operations. BHP’s South Flank project will increase production from the MAC Royalty area significantly in the coming years. In addition to the cornerstone MAC Royalty, Deterra will seek to build a portfolio of royalty interests focusing on earnings growth and diversification by making complementary and value accretive investments. Key objectives of this strategy are to achieve multiple sources of earnings growth, exposure to mine life extensions and production increases, greater cash flow resilience and lower risk through portfolio diversification. Deterra maintains a disciplined approach to investment and capital allocation, leveraging its scalable cost structure - limited incremental operating costs are expected to be required for new investments. Deterra Royalties intends to maintain a conservative balance sheet, in line with international peers, and a disciplined funding model that focuses on consistent cash returns to shareholders. Deterra’s dividend policy is to return 100% of NPAT to shareholders, franked to the extent possible (subject to Board discretion).