Operator: FireFly Metals Ltd.

Location: Newfoundland & Labrador, Canada

Royalty: 1.0% NSR (all metals)

Term of Royalty: Life of Mine

The Ming Mine is an underground operation, a part of the larger Green Bay Copper-Gold Project, owned and operated by FireFly Metals Ltd. Green Bay is located in Newfoundland and Labrador, Canada, approximately 20 kilometers east of Baie Verte. Royal Gold’s royalty interest only applies to the 188L mining lease.

FireFly Metals has a strategy to expand the current resource at the Ming Underground mine through investment in drilling. The existing underground infrastructure will fast-track work with drill positions immediately accessible. Key targets for immediate resource growth include VMS Extensions, Lower Footwall Lower Extensions and the Upper extension of the Lower Footwall Zone.