Bateman Gold

Operator: Evolution Mining Limited

Location: Ontario, Canada

Royalty: 1.0% NSR (all metals)

Term of Royalty: Life of Mine

The Bateman Gold Project is an underground development project owned and operated by Evolution Mining Limited (“Evolution”). The Bateman Gold Project is located in the southwestern part of Bateman Township within the Red Lake mining district of northwestern Ontario, Canada, approximately 150 kilometers northwest of Dryden, Ontario.

The Bateman Gold Project consists of the high-grade F2 Gold Deposit. Completed infrastructure includes a commissioned shaft and significant underground development, a 1,250 tonne per day mill facility, a tailings management facility, electric power supply and substation and 200-person camp.

On May 20, 2021, Evolution completed the acquisition of Battle North Gold Corporation, which owned the Bateman Gold Project, expanding its existing footprint in the Red Lake region.