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 Merlin Diamonds 1.0% GV
Mt. Goode Bellevue Australia Golden Spur Resources 2.0% NSR 3
1.5% NSR 3
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 4
Southern Cross Nickel Australia IGO Limited 1.5% NSR 5
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 6
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 7
Franquet Canada Nuinsco Resources/Ocean Partner 2.0% NSR 8
3.0% NSR 8
Gauthier Canada Agnico Eagle 3.0% NSR
Godfrey II Canada Moneta Porcupine Mines 2.0% NSR
Gold Dome Canada Sabra Gold Mines Corp. 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 9
McKenzie Red Lake Canada Evolution Mining 1.0% NSR
Mike Lake Canada Troilus Gold 2.0% NSR
Monument Canada Equity Metals/Archon Minerals 1.0% GV
Moore Lake Canada Skyharbour Resources 2.5% NSR 10
Nighthawk Lake Canada Imperial Metals/
Rainy Mountain/
Thunder Gold		 2.5% NSR 11
Northgate Canada Argo Resources Inc. 1.0% NSR
Pickle Lake #2 Canada PC Gold Inc. 1.0% NSR
Qimmiq Canada ValOre Metals

1.0% to 3.0% NSR 12
2.0% NSR 12
1.0% GV 12
Red Lake Canada Evolution Mining Limited 1.0% NSR
TAK Canada Doug McDonald 5.0% NSR 13
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 14
BSC United States McEwen Mining 2.5% NSR
Buckhorn South United States Nevada Gold Mines LLC 15.0% NPI 15
14.0% NPI 15
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 16
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 17
8.0% NPI 17
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 rate is 2.0% for gold and 1.5% for all other metals.
  4. Royalty applies to production above 40,000 ounces and is capped at $1 million.
  5. Royalty payable on all minerals, except nickel or any by-products in whatever form or state.
  6. Operator has the option to purchase 0.25% of the 1.0% NSR at any time for CDN$250,000.
  7. 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.
  8. 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.”
  9. Operator has the option to purchase the entire 1.0% NSR for $1 million prior to the development of a mine on the property.
  10. 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.
  11. Operator may purchase 1.5% of the 2.5% NSR at any time for CDN$1.5 million.
  12. The 1.0 to 3.0% NSR sliding-scale royalty only applies to gold production. The 2.0% NSR royalty applies to commercial production of all minerals excluding diamonds and industrial minerals. The 1.0% GV royalty applies to commercial production of all diamonds and industrial minerals.
  13. Operator has the right to purchase 2.5% of the 5.0% NSR at any time for $1 million.
  14. Royalty is capped at $1 million.
  15. The 15.0% NPI and the 14.0% NPI apply to different claims on the property.
  16. Royalty rate varies depending on pre-existing royalties (max of 6.0%).
  17. 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.