US$22 Million Sale of La Preciosa Silver Assets

• US$22 million sale of La Preciosa silver royalties and milestone payment to Avino Silver & Gold Mines
• Sale expected to generate a pre-tax profit of US$6.2 million, representing a 31% pre-tax IRR
• Proceeds to be primarily allocated to reduction of net debt

Deterra Royalties Limited (ASX: DRR) has announced the sale of its non-core La Preciosa silver assets for US$22 million (approximately A$34 million) to the project operator, Avino Silver & Gold Mines Ltd. (TSX/NYSE: ASM). The sale includes the termination of Deterra's 1.25% Net Smelter Return (NSR) Royalty and 2.00% Gross Value Returns Royalty (GVR) over the La Preciosa project, as well as the release of a contingent US$8.75 million milestone payment due from Avino. Deterra will receive US$13.25 million in cash upon completion and a further US$8.75 million in cash within 12 months. The sale is expected to generate a pre-tax profit of US$6.2 million (approximately A$9.7 million), representing a 31% pre-tax internal rate of return (IRR) for Deterra. Deterra acquired the La Preciosa assets as part of the Trident Royalties Plc portfolio in September 2024 for US$14.8 million. The company will use the after-tax proceeds from the sale primarily to reduce its net debt. Avino is fully funded to complete the transaction, reporting approximately US$37 million in cash on hand and no debt (excluding operating equipment leases) as of June 30, 2025.