EXPLORATION (listed alphabetically by country)
Property Location Ownership Royalty Rate
MarthaArgentina Patagonia Gold Corporation 2.0% NSR (gold and silver) 
Mina Cancha Argentina Pan American Silver 2.50% NSR
Abbotts Australia Zeus Mining 1.5% NSR
Cheritons Find Australia Hanking Gold 1.5% NSR
Chesterfield Australia Tanzi Pty Ltd 1.5% NSR
Croesus Australia Zijin MiningGroup A$1.25/tonne 1
Edna May Australia Ramelius Resources 0.5% GSR
Forrestania Australia IGO Limited 1.5% NSR 2
Lake Ballard Australia Delta Lithium Limited 0.60% NSR
Lounge Lizard Australia IGO Limited 1.5% NSR 2
Merlin Orbit Australia Lucapa Diamond Company 1.0% GV
Mt Newman-Victory Australia Genesis Minerals 1.5% NSR
Northwell Chilkoot Australia Northern Star 2.5% to 4.0% GV
Red Hill West Australia API Management 2.5% NSR 3
Southern Cross Nickel Australia IGO Limited 1.5% NSR 4
Stakewell Australia Diversified Asset Holdings 1.5% NSR
Wallbrook Gold Project Australia Nexus Minerals 1.5% NSR
West Wyalong Australia Argent Minerals/HQ Mining 2.5% NSR
Afridi Lake Canada Shear Diamonds 1.5% GV
Ashmore Canada Quaternary Mining & Exploration 1.5% NSR
Black Lake Canada Stillwater Critical Minerals 1.0% NSR
Cameron Gold Canada Cameron Gold Operations 1.0% NSR 5
Carswell Lake Canada Orano Canada Inc./Capstone Copper Corp. 5.0% NSR
CochenourCanada Evolution Mining 5.0% NPI 
Duverny Canada Threegold Resources 15.0% NPI 6
Franquet Canada Nuinsco Resources/Ocean Partner 2.0% NSR 7
3.0% NSR 7
Gauthier Canada Agnico Eagle 3.0% NSR
Godfrey II Canada STLLR Gold Inc. 2.0% NSR
Gold Dome Canada Victoria Gold Inc. 2.0% NSR
Golden Bear Canada Newmont 2.0% NSR
Hood River Canada Shear Diamonds 1.0% GV
Kizmet Canada Centerra Gold 1.0% NSR 8
McKenzie Red Lake Canada Evolution Mining 1.0% NSR
Mike Lake Canada Prospector Metals Corp. 2.0% NSR
Monument Canada Equity Metals/Archon Minerals 1.0% GV
Moore Lake Canada Skyharbour Resources 2.5% NSR 9
Nighthawk Lake Canada Imperial Metals/
Rainy Mountain/
Thunder Gold		 2.5% NSR 10
Northgate Canada Argo Resources Inc. 1.0% NSR
Pickle Lake #2 Canada PC Gold Inc. 1.0% NSR
Red Lake Canada Evolution Mining Limited 1.0% NSR
TAK Canada Doug McDonald 5.0% NSR 11
Voisey's Bay Diamonds Canada Vale 3.0% GV
Yellowknife Lithium Canada LiFT Power Ltd. 2.0% NPI
San Jeronimo Mexico Newmont 2.0% NSR
Ambrosia Lake United States Rio Algom Mining 2.0% NVR
Apex United States Teck/Pennaroya Utah 3.0% NSR 12
BSC United States McEwen Mining 2.5% NSR
Buckhorn South United States Nevada Gold Mines LLC 15.0% NPI 13
14.0% NPI 13
FAD Property United States i-80 Gold Corp.. 3.0% NSR 
Hona, Eagle and Triple Z United States Contango ORE, Inc. 3.0% NSR
Horse Mountain United States Barrick 0.25% NVR
Hot Pot United States Pediment Gold, LLC 1.25% NSR
ICBM United States Timberline Resources 0.75% NSR
Keystone United States Energy Fuels 2.0% NSR
McDonald-Keep Cool United States Newmont 3.0% NSR
Mule Canyon United States Newmont 5.0% NSR
Nevada Properties United States Evolution Mining Limited 2.5% NSR
Oro Blanco United States Pan American Silver 3.0% NSR
Pinson - Other United States Barrick 0.489% to 5.979% NSR 14
Rye United States Barrick 0.5% NSR
San Rafael United States Rio Grande Resources 2.0% NVR
Simon Creek United States Barrick 1.0% NSR
Trenton Canyon United States SSR Mining 2.4% GSR 15
8.0% NPI 15
Troy United States Hecla Mining 3.0% GSR
Uncle Sam United States Great American Minerals 2.0% NSR
Windfall United States Timberline Resources 3.2% NSR
Wood Gulch United States Barrick 5.0% NSR
  1. Royalty paid on dollars per tonne of ore above 50,000 tonnes up to 500,000 tonnes.
  2. Royalty payable on gold only.
  3. Royalty applies to production above 40,000 ounces and is capped at $1 million.
  4. Royalty payable on all minerals, except nickel or any by-products in whatever form or state.
  5. Operator has the option to purchase 0.25% of the 1.0% NSR at any time for CDN$250,000.
  6. Royalty rate is equal to 15% of the proceeds of production until $1,760,000 has been paid. A 2.0% NSR royalty applies to production thereafter.
  7. The 2.0% NSR royalty applies to production from an area of the property referred to as the “GeoNova Properties,” and the 3.0% NSR royalty applies to production from an area of the property referred to as the “Homestake Properties.”
  8. Operator has the option to purchase the entire 1.0% NSR for $1 million prior to the development of a mine on the property.
  9. Operator has the option to purchase 1.25% of the 2.5% NSR for $1 million at any time prior to a production decision or within 30 days thereafter.
  10. Operator may purchase 1.5% of the 2.5% NSR at any time for CDN$1.5 million.
  11. Operator has the right to purchase 2.5% of the 5.0% NSR at any time for $1 million.
  12. Royalty is capped at $1 million.
  13. The 15.0% NPI and the 14.0% NPI apply to different claims on the property.
  14. Royalty rate varies depending on pre-existing royalties (max of 6.0%).
  15. The 2.4% GSR applies to production from the properties from which greater than 60% of the revenues are projected to be derived from gold and silver. The 8.0% NPI applies to production from the properties from which less than 60% of the revenues are projected to be derived from gold and silver.