Operator: Bellevue Gold Limited

Location: Western Australia, Australia

Royalty: 2.0% NSR (all metals); 2.0% NSR (gold); 1.5% NSR (all other metals)

Term of Royalty: Life of Mine

Bellevue is an underground gold project owned by Golden Spur Resources Pty Ltd.,  a wholly-owned subsidiary of Bellevue Gold Limited (“Bellevue Gold”). Bellevue  is located in Northeastern Goldfields, Western Australia, approximately  430 kilometers north of Kalgoorlie and 160 kilometers north of Leonora.

The Bellevue mine achieved production on-time and on-budget with its first gold pour on October 25, 2023. Underground mining at Bellevue utilizes long-hole open-stoping. The Bellevue processing facility is a nameplate 1.0 million tonnes per annum (Mtpa) conventional carbon-in-leach (CIL) and gravity plant. Ore will be predominantly derived from underground extraction with five separate work areas in the underground reflecting the new lode discoveries: Tribune, Deacon, Viago, Marceline and Armand.