Operator: TriStar Gold Inc.

Location: Pará State, Brazil

Royalty: 1.5% NSR (all metals)

Term of Royalty: Life of Mine

Castelo de Sonhos (“CDS”) is a gold development project owned by TriStar Mineração do Brasil Ltda, a wholly owned subsidiary of TriStar Gold Inc. (“TriStar”). CDS is located in Pará State Brazil, approximately 20 kilometers from the town of Castelo de Sonhos. 

TriStar completed a Preliminary Economic Assessment for CDS in September 2018 and a Pre-Feasibility Study (PFS) in October 2021. CDS is envisioned as a conventional open-pit operation and currently awaits approval of its Prior License (LP). A public hearing, the last milestone in the LP permitting process, took place on November 22, 2023. The State of Pará will review and issue the LP, at their discretion. The LP represents the first of a three-stage environmental licensing process required for mining projects in Brazil.