Unternehmens
-übersicht
NYSE American EMX TSX-VEMX FRANKFURT 6E9 | August 2020 | www.EMXRoyalty.com |
August 2018 |
Forward Looking Statements, Cautionary Note & QP Statement
Forward Looking Statements
This presentation may contain certain information that may constitute "forward looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws and United States Private Securities Litigation Reform Act 1995, respectively. Forward-looking statements may include, but are not limited to, statements with respect to future events or future performance, management's expectations regarding drilling schedules, expected mining sequences, timing of royalty expectations, business prospects and opportunities. Such forward looking statements reflect management's current beliefs and are based on information currently available to management. Often, but not always, forward looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims" "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that aims , anticipates believes certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of EMX to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. A number of factors could cause actual events or results to differ materially from any forward looking statement, including, without limitation: uncertainties relating to the fluctuations in the prices of the primary commodities that drive our royalty revenue; fluctuations in the value of the Canadian and US dollar, and any other currency in which EMX incurs expenditures or generates revenue; changes in national and local government legislation, including permitting and licensing regimes and taxation policies; regulations and political or economic developments in any of the countries where EMX holds properties or a royalty or other interest are located; exploration and development schedules; the level and area of mining by third parties which impact the level of royalties paid; influence of macro-economic developments; business opportunities that become available to, or are pursued by EMX; litigation; title, permit or license disputes related to EMX's interests or any of the properties in which EMX holds a royalty or other interest; excessive cost escalation as well as development, permitting, infrastructure, operating or technical difficulties on any of the properties in which EMX holds a royalty, stream or other interest; rate and timing of production differences from resource estimates; risks and hazards associated with the business of development and mining on any of the properties in which EMX holds a royalty or other interest, including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest; and the integration of acquired businesses or assets. The forward looking statements contained in this presentation are based upon assumptions management believes to be reasonable, including, without limitation to assumptions relating to: the ongoing operation of the properties in which EMX holds a royalty, or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no adverse development in respect of any significant property in which EMX holds a royalty or other interest; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. However, there can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. EMX cannot assure readers that actual results will be consistent with these forward looking statements. Accordingly, readers should not place undue reliance on forward looking statements due to the inherent uncertainty therein. For additional information with respect to risks, uncertainties and assumptions, please also refer to the "Risk Factors" section of our most recent Annual Information Form filed with the Canadian securities regulatory authorities on SEDAR at www.sedar.com, our most recent Form 20-F filed with the Securities and Exchange Commission on EDGAR at www.sec.gov, as well as our most recent annual and interim MD&As. The forward looking statements herein are made as of the date of this presentation only and EMX does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law.
Cautionary Note to US Investors Regarding Reserve and Resource Reporting Standards
Unless otherwise indicated, all resource estimates, and any reserve estimates, included or incorporated by reference in this presentation have been, and will be, prepared in accordance with Canadian National Instrument 43- 101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves ("CIM Definition Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.
Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC, and reserve and resource information contained or incorporated by reference into this presentation may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term "resource" does not equate to the term "reserves". Under SEC Industry Guide 7, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. SEC Industry Guide 7 does not define, and the SEC's disclosure standards normally do not permit, the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S. standards in documents filed with the SEC. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an "inferred mineral resource" exists or is economically or legally mineable. Disclosure of "contained ounces" or "contained pounds" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves" are also not the same as those of the SEC, and any reserves reported by us in the future in compliance with NI 43-101 may not qualify as "reserves" under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable to information made public by companies that report in accordance with United States standards.
Statement of Qualified Person
Mr. Michael Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and Employee of the Company, has reviewed, verified, and approved disclosure of the technical information presented in this document.
2 | August 2020 |
Einzigartiges Business Model
Käufe | Exploration | Entwicklung | Produktion | Minenlebens- |
finanziert vom Partner | ||||
finanziert von EMX | dauer |
Verkauf von | Royalty | ||
Projekten, | |||
Generation | |||
Erhalt von | |||
Royalties | |||
Kauf von | Kauf von |
existierenden | Royalties |
Royalties | |
Cash S Flow
Beteiligung | Strategische |
durch | Investments |
Aktienanteile | |
3 | August 2020 |
Globales Asset Portfolio
Wachsendes Royalty Portfolio
ASSET TYP
Zahlende Royalty/Strategische Investments
Royalty
Zum Verkauf
Liegenschaft in Allianz
Strategisches Investment
MAJOR COMMODITY
Kupfer
Gold
Batteriemetalle
Ni-Co, (PGE)
Pb-Zn-Ag
Balya | |
Ensero | ROYALTY |
Rawhide | GEWINN |
Meilenstein zahlungen
AMR
Optionen
5 | August 2020 |
Diversifikation
Geographisch | Rohstoffe | Asset Klasse | ||
Strategische | ||||
Australienandere | Investments | |||
Serbien | Projekte in Allianz | 1% | ||
2% | ||||
Batterie | ||||
metalle | ||||
Ni-Co (PGE) | ||||
7% | ||||
Pb-Zn-Ag | ||||
Kanada | 10% | |||
Zum | Royalty | |||
Kupfer | Gold | Verkauf | 65% | |
32% | ||||
21% | ||||
62% | ||||
USA
- Projekte & Investments auf 5 Kontinenten
- Mehr als 3 Mio Hektar an Liegenschaften nach mehr als 6 Mio Hektar Liegenschaftsauswertungen in den letzten 16 Jahren
- Gold, Kupfer, Kobalt, Buntmetalle und andere Beteilungen
- Assets sind in verschiedenen Entwicklungsstadien, von Royaltyprojekten bis hin zu Explorationsprojekten im Frühstadium
Management und Berater
Executive Directors und Senior Management | |
David M. Cole | President, CEO & Director |
Douglas Reed | Chief Financial Officer |
Rocio Echegaray | Corporate Secretary |
Malik Duncan | General Counsel |
Thomas Mair | General Manager, Corp. Development |
Dr. Eric Jensen | General Manager, Exploration |
Non-Executive Directors | |
Michael Winn | Chairman |
Brian Bayley | Director |
Brian K. Levet | Director |
Larry Okada, CA | Director |
Beirat | |
Dr. M. Stephen Enders | Colorado School of Mines |
Dr. Mark Barton | University of Arizona |
Chris Wright | Liberty Oilfield Services |
Dr. Richard Schodde | MINEX Consulting |
7 | August 2020 |
Betreiber und Partner
Koonenberry Gold Pty Ltd.
Northbound
Capital
Northern Dominion
Metals
Shafer
Resources
Fairchild
Gold
8 | August 2020 |
Anteilseigner
Hauptaktionäre | NYSE American & TSX.V gelisted | ||
15.5% | Ausstehende Aktien | 84,329,960 | |
Management, Directors, | Optionen | 6,593,000 | |
& Employees | Aktien mit Sperrfrist* | 1,076,000 | |
12.6% | Voll verwässert | 91,998,960 | |
Aktien Stand vom 18. August 2020
5.8%
5.6%
2.3%
1.7%
1.2%
Liquidität (6/30/2020)
Cash | CDN $58,194,000 |
Sicherheiten | CDN $9,576,000 |
Summe Betriebsvermögen | CDN $68,520,000 |
Die oben genannten Anteile sind vollständig verwässert und werden nach bestem Kenntnisstand geschätzt. * Die Anzahl der RSUs, sind übertragbar basierend auf der Erfüllung von Leistungskriterien. Diese Zahlen werden derzeit berechnet und die entsprechende Anzahl von RSUs wird vorbehaltlich der Genehmigung durch das Compensation Committee eingelöst
.
9 | August 2020 |
Cash Flow, kürzliche Deals und Anteile
MALMYZH VERKAUF
-
IG Copper verkauft Malmyzh für 200 Mio USD im Oktober 2018M1, Wert des Verkaufs für EMX 69 Mio
USD
CASH FLOW
- Leeville Royalty >13,6 Mio USD Gewinn seit dem Kauf (8/2012 - 3/2020)
- Cash Dividende von der Rawhide Gold-Silver Mine und Ensero Solutions
- Vor-Produktionszahlungenund Dividenden von 30 anderen Deals
KÜRZLICHE DEALS
- EMX kauft ein Portfolio von mehr als 39 Royalty Liegenschaften in Ontario und Quebec von Perry English
- EMX veroptioniert das Antelope Goldprojekt in Nevada to Hochschild Mining
- EMX veroptioniert das Kuusamo Batteriemetallprojekt in Finnland an Sienna Resources
- EMX veroptioniert 3 Idaho Goldliegenschaften an Gold Lion
- EMX kauft Portfolio von 18 Royalties von Revelo Resources in Chile
- EMX kauft eine 2% NSR auf dem Palladium One Kaukua Nickel-Kupfer-PGE Projekt
- Strategisches Investment in Ensero Solutions
- Balya Royalty Liegenschaft verkauft an anliegenden Produzenten ESAN
AKTIENANTEILE
- Aktienanteile in Boreal Metals Corp, Boreal Energy Metals, Sienna Resources, Norra Metals, Playfair Mining, Gold Line Resources, IG Copper LLC, Ridgeline Minerals, Millrock Resources, Pursuit Minerals, Globetrotters Resource Group, Rawhide Acquisition Holding LLC, Ensero Solutions und District Metals
10 | August 2020 |
Portfolio Weiterentwicklungen
NORDAMERIKA
- Leeville Royalty Produktion vom West Leeville & Turf Betrieb
- Newmont erweitert Mineralisierung nach Südosten entlang des Rita K Korridor
- 140k Hektar an Royalties und Royalty Generierungskäufen
- Neue Kupfer & Goldprojekte in Arizona, Nevada, New Mexico und Idaho
- Projekte von großen Unternehmen vorangetrieben: Kennecott, Rio Tinto, & South32
- Bohrprogramme durch vielzählige Partner finanziert
SKANDINAVIEN
- 11 Projekte verkauft oder veroptioniert in 2019, einschließlich Gold, Bunt- und Batteriemetallliegenschaften
- 1,650 Km2 an Royaltygenerierungskäufen
- 7,000m Bohrungen auf skandinavischen Projekten in 2019.
SERBIEN
- Zügige Weiterentwicklung auf dem Timok Cukaru Peki Kupfer-Gold Royalty Projekt in Richtung Produktion
- 2018 Upper Zone PFS in der Vorkonstruktion- NPV8 = 1,82 Milliarden USDS4
- FS Mitte 2019, erste Produktion in 2022
- Erste Vorkommenschätzung für Lower Zone Porphyr
TURKEI
- Alle Projekte werden von türkischen Unternehmen weiterentwickelt und betrieben
- Balya Royalty Projekt an angrenzenden Produzenten ESAN verkauft
Organisches Portfoliowachstum durch globale Royaltygenerierung
Optionalität des Upsidepotentials durch die betreiberfinanzierten Explorationen | |
11 | August 2020 |
Royalty Generierung
- Momentaner Fokus auf westliche USA und Skandinavien
- Zahlreiche Neuerwerbungen zum Portfolio hinzugefügt
- Cu & Au Projekte im Arizonas Porphyrbezirken & Goldgürteln von Nevada
- Au, Cu, Ni-Co, & Buntmetallprojekte in Skandinavien
- Projekte werden durch Betreiber und Partner vorangetrieben und finanziert
Bohrprogramm auf Copper Springs | Boreal bohrt auf Gumsberg |
Generation Royalty
12 | August 2020 |
Wertetreiber im Westen der USA
- 19,9% Aktienanteil an der Rawhide Gold-Silber Mine
- Erhebliche Menge an Land in Weltklasse-Bezirken
- Regionale strategische Allianz mit South32 errichtet, exploriert Cu-Porphyr und Basismetallprojekte im Westen der USA
- Hälfte des nordamerikanischem Portfolios wird entweder von einem Partner weiterentwickelt oder hat bereits einen Royaltystatus
Generation Royalty
13 | August 2020 |
Hardshell Skarn - Hermosa
- Unbegrenzte, unkäufliche 2% NSR auf EMX Land, strategisch direkt am South32's Hermosa Taylor Projekt gelegen
- Taylor 2018 PEA M&I Ressourcenschätzung von 101 Mio Tonnen mit 10.4% ZnEq Abgeleitete Ressource mit 44 Mio Tonnen mit Graden von 11.9% ZnEqa1
- Pb-Zn-AgMineralisierung auf EMX Land durchschnitten
Generation Royalty
14 | August 2020 |
Kanada - Perry Royalty Portfolio
- EMX's Investment wird sich, mit dem enthaltenen Upside der NSR Royalties, die sich zwischen 0,75% to 2,5% auf 39 veroptionierten Projekten verteilen, selbst tragen
- Das Portfolio enthält strategische Positionen im Red Lake Bezirk, des westlichen Wabigoon, Wawa, und dem Sunday Lake Fault Korridor im Abitibi Gürtel
Northbound
Capital
Northern Dominion
Metals
Shafer
Resources
Fairchild
Gold
Generation Royalty
15 | August 2020 |
Ensero Strategisches Investment - Cash Flow
- Das 3,79 Mio USD Investment in Ensero wird in Summe ein Ergebnis von 8,54 Mio USD in einem Zeitraum von 7 Jahren an EMXv ergeben.
- EMX wird Stammaktien von 7,5% von Ensero erhalten
- Strategische Allianz um Wert von "brownfields" offenzulegen .
Generation Royalty
16 | August 2020 |
Liegenschaften in Skandinavien zur Royaltygenerierung
- Beim Frasier Institute Index liegen die skandinavischen Länder fortwährend bei den Top-Jurisdiktionen für Explorationsinvestments weltweit
- EMX verfolgt aggressiv das Wachstum seines Portfolios:
- Buntmetalle in VMS, CRD und IOCG Projekten
- Intrusionsbezogene/orogene Goldaderprojekte
- Ni-Cu-CoProjekte
- PGE-Ni-Cu-Aumafische Intrusivgestein Projekte
- EMX kauft ein 2% NSR Royalty auf dem Palladium One Mining Inc Flaggschiff Läntinen Koillismaa ("LK") Projekt
- Playfair Mining verwendet künstliche Intelligenz Technologie auf dem RKV Projekt in Norwegen für die Exploration. Das hat zu neuen Zielen geführt, die in 2020 getestet werden sollen
- Goldline Resources finanzierte ein bezirksgroßes "greenfield" Explorationsprogramm im Sommer 2019 auf deren Goldprojekten in Zentralschweden, Anschlussarbeiten in 2020
- South32 bohrte 5,500 m auf dem Riddarhyttan Projekt in SüdSchweden
- Boreal hat hohe Zink-Blei-Silber Grade auf dem Gumsberg Projekt in SchwedenB5 durchschnitten
Generation Royalty
17 | August 2020 |
Wertetreiber in der Türkei
- Gesamtes Portfolio an türkische Unternehmen für Barzahlungen, Vor- produktionszahlungen und enthaltenem Royalty verkauft
- Mehr als 4 Mio USD sind bis heute während der Weiterentwicklung an EMX gezahlt worden
- Balya Royalty Liegenschaft wird vom benachbartem Produzenten ESAN weiterentwickelt.
Sisorta | |||
Alankoy | 3.5-5% | Aktutan | |
NSR | 4% NSR | ||
2.5% NSR | Akarca | ||
Trab-23 | |||
1-3% NSR | |||
2.5% NSR | |||
Balya | |||
4% NSR |
August 2020 | |
19 | |
Generation Royalty
Türkei - Balya Royalty Liegenschaft
- Historischer Balya Bergbaubezirk
- geschichtete Pb-Zn-Ag Karbonataustauschzone
- EMX hält einen 4% NSR Royalty auf alle MetalleT2
- Vom türkischen Privatunternehmen ESAN betrieben
- Untertageentwickung, Lagerung & Weiterverarbeitung von Material mit hohen Graden
- Bohrprogramm testet Korridor zwischen Hastanetepe & Southern Zone
Schematischer Schnitt durch die Hastanetepe
Zone, die die Pb-Zn Mineralisierung zeigt
20
Generation Royalty
August 2020
Goodpaster Royalty und Aktieninvestment
- 1,5 bis 3% Royalty um Northern Star's Pogo Mine herum und dessen Trend, plus Aktienanteil in MillrockN1
- Millrock ist eine JV Vereinbarung mit Resolution Minerals Ltd. eingegangen um 64North (Goodpaster) Projekt weiterzuentwickeln
Totals for Millrock/Corvus deal: 168,000 Acres of royalty ground 235,000 Acre * percent
Loch 20AU-001 gebohrt in 2020 durchschnitt
Quartzadern und Breccia mit Pyrit und
Arsenopyrit Mineralisierung.
Generation Royalty
Carlin Trend - Leeville Royalty
- EMX 1% GSR Royalty im Herzen des nördlichen Carlin Trends in Nevada
- Leeville Royalty umfasst Teile von Nevada Gold Mines Leeville, Turf und andere Untertage Goldbergbaubetriebe
- Gewinn des Royaltys bei über 13,6 Mio USD seit dem Kauf (8/2012 - 3/2020)
- Mineralisierung bleibt nach Angaben von Nevada Gold Mines offen entlang der strukturellen und stratigrafischen kontrollierten Grenzen
Turf Vent Schacht | Leeville Mine |
Acquisition Royalty
22 | August 2020 |
Carlin Trend - Leeville Royalty
- Ausgezeichneter Vorteil durch Nevada Gold Mines Explorationserfolge auf Rita K & Full House entlang des Nordwest-Südost GoldkorridorsL1
- Nevada Gold berichtet "signifikantes Wachstumspotential" L3
- Nevada Gold berichtet "Mineralisierung bleibt entlang der bekannten Strukturen und stratigrafischen Grenzen offen" L3
~Leeville Royalty~ | ~Leeville Royalty~ |
Leeville boundary is approximate & schematic as taken from claim list provided by Newmont. Location of royalty property outline may vary from what is depicted. Drill hole intercept true widths unknown unless otherwise stated. Refer to Nevada Gold Mine's September 2019 Analyst Presentation for original map and sectionL3.
Acquisition Royalty
23 | August 2020 |
Rawhide Investment
- Liegt rund 50 Meilen von Fallon NV, im reichen Walker Lane Gold-Silbergürtel und ist ein vollgenehmigter Tagebau- Haufenlaugung Betrieb, der momentan Gold und Silber Doré produziert
- EMX kaufte einen 19,9% Aktienanteil in Rawhide
- Rawhide verteilt 50% seines zu versteuerenden Einkommens an die LLC Anteilseigner auf vierteljährlicher Basis als SteuerverteilungN1,V1
Rawhide
Acquisition Royalty
24 | August 2020 |
Serbische Royalties - Cukaru Peki- Zijin Mining
• Royalty Portfolio im Timok Magmatic Komplex von der Generierung & Kauf des RoyaltysS1
• 0.5% NSR Royalty auf dem Timok Projekt und der Cukaru Peki Entdeckung*
• 2019 MOU zwischen der serbischen Regierung & Zijin über 474 Mio USD Investment und Erstproduktion in 2021S7
• Upper Zone Epithermal Copper-GoldS3,S4,S5
Mtonnes | Cu (%) | Au (g/t) | Cut-off | |
Measured | 2.2 | 8.6 | 5.7 | |
Indicated | 26.6 | 3.3 | 2.1 | US$35/t NSR |
Inferred | 13.9 | 1.6 | 0.9 | |
- PFS NPV8 = 1,82 Milliarde USDS4,S5
- Wahrscheinliche Reserve 27.1 Mt @ 3.3% Cu & 2.1 g/t Au - 10 Jahre Untertageminenlebensdauer
1,7 Milliarden Pfund verkaufliches Cu 516 Koz käufliches Au
- Minenbau begonnen
• Lower Zone Porphyry Copper-GoldS6
Mtonnes | Cu (%) | Au (g/t) | Cut-off | |
Inferred | 1,659 | 0.86 | 0.18 | US$25/t |
- Bei US$45/Tonne cut-off schließt ein:
1,1 Milliarden Tonnen @ 0.99% Cu & 0.21g/t Au
Acquisition Royalty
*EMX's 0.5% NSR royalty is subject to reduction only as provided in the royalty agreement. | Headframe at the Cukaru Peki project, Serbia |
August 2020 | |
25 | |
Cash Flow and Optionalität
- Diversifiziertes Portfolio mit vielen Quellen für Geldzuflüsse:
- Royalty Gewinne von produzierenden Minen
- Verkauf von Assets aus strategischen Investments
- Verkauf von Liegenschaften mit Generierung von Royalties
- Vor-Produktionszahlungenvon neuen und bestehenden Vereinbarungen
- Optionalität der Investments seitens der Betreiber auf EMX's Royalty Liegenschaften
Flow Cash
Leeville, Nevada | Partnerfinanziertes Bohrprogram, Südwesten | der USA |
26 | August 2020 |
EMX Wertetreiber & Katalysatoren
Strategisches Investment
•Malmyzh verkauft für 69 Mio USD an EMX
•19,9% Aktienanteil in Rawhide und 7.5% Aktienanteil in Ensero Solutions
Royalty Generation
•Neukäufe und Partnerschaften im Westen der USA
•Neukäufe und Verkauf von Projekten in Schweden, Norwegen und Finnland
Royalty Acquisition
•Carlin Trend - Leeville Produktion und Ressourcen/Reserven Upside •Timok Project Cukaru Peki Royalty Projekt in Serbien
•Perry English Royalty Portfolio in Kanada
Cash Flow
•Royaltyzahlungen von produzierenden Projekten
•Vor-Produktionzahlungen, erhaltene Royalties und Aktienanteile von Projektverkäufen •Zahlungen, Dividenden & Explorationsvorteile aus wachsendem Portfolio
27 | August 2020 |
Treten Sie in Kontakt mit EMX
David M. Cole
President &
CEO
Scott Close
Director of Investor
Relations
Isabel Belger
Investor Relations
Europe
Büro in Denver
10001 West Titan Road
Littleton, CO
USA 80125
+1 (303) 973-8585
Büro in Vancouver
Suite 501-543 Granville St. Vancouver, British Columbia Canada V6C 1X8
+1 (604) 688-6390
28 | August 2020 |
Appendix
Royalty Portfolio Summary
United States | |||||||
LOCATION | PROPERTY | ROYALTY/PAYMENTS | COMMODITY | OPERATOR | STATUS | ||
Leeville* | 1% GSR | Gold | Newmont Mining Corporation | Producing | |||
Rawhide* | 19.9% Equity Interest | Gold | Rawhide Acquisition Holdings LLC | Producing | |||
NP Placers | > Of 50 cents/yd3 or 4% NSR & AAR Payments | Gold | New Gold Recovery | Resource/Development | |||
Afgan | 1% NSR | Gold | McEwen Mining Inc. | Exploration | |||
Nevada, USA | Maggie Creek | 2% NSR on precious metals; 1% NSR on other metals | Gold | Renaissance Gold Inc. | Exploration | ||
Maggie Creek (South) | 3% NSR | Gold | Newmont Mining Corporation | Exploration | |||
Cathedral Well | 2.5% NSR | Gold | Ely Gold Royalties | Exploration | |||
Yerington West | 20% carried to feasibility or 2.5% NSR | Copper | Hudbay Minerals | Exploration | |||
Swift and Selena | 3.25% production, AMR & Milestone Payments | Gold | Ridgeline Minerals | Exploration | |||
Antelope | 4% NSR and other payments | Gold | Hochschild Mining PLC | Exploration | |||
Copper King | 2.0% NSR, AMR & Milestone Payments | Copper | Kennecott Exploration Company | Exploration | |||
Arizona, USA | |||||||
Hardshell Skarn | 2.0% NSR & AMR Payments | Copper-Gold-Silver | South32 | Exploration | |||
Superior West | 2% NSR, AMR & Milestone Payments | Copper | Kennecott Exploration Company | Exploration | |||
Midnight Juniper | 2% production and other payments | Copper | South32 | Exploration | |||
Idaho, USA | Erickson Ridge, South Orogrande, | 3.5% NSR & other payments | Gold | Gold Lion Resources | Exploration | ||
& Robber Gulch | |||||||
Oregon, USA | Golden Ibex | 1% NSR | Gold | Golden Ibex (EMX 10% Equity interest) | Exploration | ||
Utah, USA | Ophir | 2.0% NSR | Copper | Kennecott Exploration Company | Exploration | ||
Alaska, USA | Goodpaster | 0.5 - 1.5% NSR | Gold | Millrock Resources | Exploration | ||
EUROPE | |||||||
LOCATION | PROPERTY | ROYALTY/PAYMENTS | COMMODITY | OPERATOR | STATUS | ||
Timok - Cukaru Peki* | 0.5% NSRS1 | Copper-Gold | Zijin Mining | Resource/ | |||
Serbia | (Brestovac license) | Development | |||||
Timok - Corridor Zone | 2.0% NSR on Au and Ag; | Gold | Zijin Mining | Exploration | |||
(Brestovac West license) | 1% NSR other metals | ||||||
Jasikovo - Durlan Potok | 0.5% NSRS1 | Copper-Gold | Zijin Mining | Exploration | |||
Viscaria | 1.0% NSR | Copper (Iron) | Copperstone Resources | Resource/Development | |||
Gumsberg | 3% NSR & other payments | Zinc-Lead-Silver | Boreal Metals Corp. (EMX equity ownership) | Exploration | |||
Sweden | Slättberg | 3% NSR & other payments | Nickel-Copper-Cobalt | Sienna Resources Inc (EMX equity ownership) | Exploration | ||
Gold Line Properties | 3% NSR & other payments | Gold | Gold Line Resources | Exploration | |||
Tomtebo & Trollberget | 2.5% NSR & other payments | Copper-Zinc-Lead-Silver-Gold | District Metals (EMX equity ownership) | Exploration | |||
Bleikvassli, Meråker | 3% NSR & other payments | Zinc-Lead-Copper | Norra Metals Corp. (EMX equity ownership) | Exploration | |||
3% NSR & other payments | Copper-Zinc-Gold | Exploration | |||||
Burfjord | |||||||
Norway | 3% NSR & other payments | Copper-Gold | Boreal Metals Corp. (EMX equity ownership) | Exploration | |||
Røstvangen, Vakkerlien | 3% NSR & other payments | Nickel-Copper-Cobalt | Playfair Mining Ltd. (EMX equity ownership) | Exploration | |||
Espadalen, Hosanger, Sigdal | 3% NSR & other payments | Nickel-Copper-Cobalt | Pursuit Minerals Ltd. (EMX equity ownership) | Exploration | |||
Finland | Kaukua | 2% NSR | PGE-Nickel-Copper-Gold | Palladium One | Exploration | ||
Kuusamo | 3% NSR & other payments | PGE-Nickel-Copper-Gold | Sienna Resources Inc (EMX equity ownership) | Exploration | |||
*Material principal property. | 30 | August 2020 |
Royalty Portfolio Summary
Canada | |||||||
LOCATION | PROPERTY | ROYALTY/PAYMENTS | COMMODITY | OPERATOR | STATUS | ||
Dixie 17, 18, 19 | 0.5% NSR & other payments | Gold | Pistol Bay | Exploration | |||
Dixie 3 | 1.5% NSR & other payments | Gold | Pistol Bay | Exploration | |||
Lucky 7 | 1.5% NSR & other payments | Gold | Pistol Bay | Exploration | |||
Red Lake Agreement | 2.5% NSR | Gold | Pacton Gold | Exploration | |||
Jackson Manion | 1.5% NSR | Gold | Mastadon | Exploration | |||
Shabu | 1.5% NSR | Gold | Mastadon | Exploration | |||
Birch/Uchi multiple groups | 1.5% NSR & other payments | Gold | Mastadon | Exploration | |||
Atikokan Group | 1.0% NSR & other payments | Gold | Falcon Gold | Exploration | |||
Sandy Pines/Fly Lake/Joy | 1.5% NSR & other payments | Gold | Pistol Bay | Exploration | |||
Wabunk Bay | 1.0% NSR & other payments | Gold | Falcon Gold | Exploration | |||
Dixie Halo | 0.8% NSR & other payments | Gold | BTU Metals | Exploration | |||
Dash Lake | 1.5% NSR & other payments | Gold | Shafer Resources | Exploration | |||
Cabin Bay North | 1.5% NSR & other payments | Gold | 1106877 BC (J. Lenec) | Exploration | |||
SLF | 1.5% NSR & other payments | Gold | Golden Goliath | Exploration | |||
Kwai | 1.5% NSR & other payments | Gold | Golden Goliath | Exploration | |||
Bruce Lake | 1.5% NSR & other payments | Gold | Goldon | Exploration | |||
Ontario | McDonough/Pipestone/Coli Lake | 1.5% NSR & other payments | Gold | Goldon | Exploration | ||
North Pakwash | 1.5% NSR & other payments | Gold | Pistol Bay | Exploration | |||
Camping Lake | 1.5% NSR & other payments | Gold | Prime Meridian Resources | Exploration | |||
Longlegged Lake Fault | 1.5% NSR & other payments | Gold | Silver Dollar Resources | Exploration | |||
Ears Falls | 1.5% NSR & other payments | Gold | Northern Dominion Metals | Exploration | |||
Shabu | 1.5% NSR & other payments | Gold | Northern Dominion Metals | Exploration | |||
Dent/Jackson Manion | 1.5% NSR & other payments | Gold | Northern Dominion Metals | Exploration | |||
Manitou Fault | 1.5% NSR & other payments | Gold | Northern Dominion Metals | Exploration | |||
Maskootch | 1.5% NSR & other payments | Gold | Northern Dominion Metals | Exploration | |||
Camping Lake | 1.5% NSR & other payments | Gold | Falcon Gold | Exploration | |||
Bruce Lake | 1.5% NSR & other payments | Gold | Falcon Gold | Exploration | |||
South of Otter | 1.5% NSR & other payments | Gold | Portofino | Exploration | |||
Dixie Lake 2 | 1.5% NSR & other payments | Gold | Infinite Ore Corp. | Exploration | |||
Dixie Lake 3 | 1.5% NSR & other payments | Gold | Infinite Ore Corp. | Exploration | |||
Pakwash | 1.5% NSR & other payments | Gold | Silver Dollar Resources | Exploration | |||
Fairchild | 1.5% NSR & other payments | Gold | Fairchild Gold | Exploration | |||
Gerry Lake | 1.5% NSR & other payments | Gold | Infinite Ore Corp. | Exploration | |||
Swain Lake/Birch-Uchi | 1.5% NSR & other payments | Gold | Pacton Gold | Exploration | |||
Fenelon West/Lower Detour | 3.0% NSR & other payments | Gold | Silver Sands | Exploration | |||
British Columbia | Pyramid | 1% NSR | Gold | Norra Metals Corp. | Exploration | ||
Fenelon West | 1.0% NSR & other payments | Gold | Victor Cantore | Exploration | |||
Quebec | Amex Southwest | 1.5% NSR & other payments | Gold | Frontline Gold | Exploration | ||
Amex South | 1.5% NSR & other payments | Gold | Kanadario Gold Inc. | Exploration | |||
Sunday Fault North | 1.5% NSR & other payments | Gold | Kanadario Gold Inc. | Exploration |
*Material principal property. | 31 | August 2020 |
Royalty Portfolio Summary (cont.)
ASIA MINOR | |||||
LOCATION | PROPERTY | ROYALTY/PAYMENTS | COMMODITY | OPERATOR | STATUS |
Balya | 4% NSR & other payments | Zinc-Lead-Silver | Esan Eczacibaşi Endüstriyel Hammaddeler San. ve Tic. | Producing | |
A.Ş. | |||||
Resource/ | |||||
Akarca | 1-3% NSR & other payments | Gold-Silver | Çiftay İnşaat Taahhüt ve Ticaret A.Ş. | ||
Development | |||||
Turkey | |||||
Sisorta | 3.5-5% NSR & other payments | Gold (Copper) | Bahar Madencilik Sinayi ve Ticaret Ltd Sti | Resource/ | |
Aktutan | Development | ||||
4% NSR & other payments | Zinc-Lead-Silver | Dedeman Madencilik | Exploration | ||
Alankoy | 2.5% NSR & other payments | Copper-Gold | Kar Mineral Madencilik İnşaat Turizm Sanayi ve Ticaret A.Ş. | Exploration | |
Trab-23 | 2.5% NSR & other payments | Copper-Gold | Kar Mineral Madencilik İnşaat Turizm Sanayi ve Ticaret A.Ş. | Exploration | |
AUSTRALIA |
LOCATION | PROPERTY | ROYALTY/PAYMENTS | COMMODITY | OPERATOR | STATUS | |
Australia | Koonenberry | 3% NSR & AAR Payments (NQM); | Gold | KNB & Rockwell | Exploration | |
0.5% NSR | (Rockwell) | |||||
CARIBBEAN | ||||||
LOCATION | PROPERTY | ROYALTY/PAYMENTS | COMMODITY | OPERATOR | STATUS | |
Grand Bois | 0.5% NSR | Gold-Copper | Sono Global Holdings | Exploration | ||
Grand Bois & Surrounding Properties | ||||||
Haiti | La Miel | |||||
La Mine | 0.5% NSR | Gold-Copper | Newmont Ventures Limited | Exploration | ||
Northwest | ||||||
Northeast | ||||||
SOUTH AMERICA | North Central | |||||
LOCATION | PROPERTY | ROYALTY/PAYMENTS | COMMODITY | OPERATOR | STATUS | |
San Guillermo | 0.5% | NSR | Gold-Silver | Austral Gold Ltd | Exploration | |
Reprado | 1.0% | NSR | Gold-Silver | Austral Gold Ltd | Exploration | |
Limbo | 1.0% | NSR | Gold-Silver | Austral Gold Ltd | Exploration | |
Magallanes | 1.0% | NSR | Gold-Silver | Austral Gold Ltd | Exploration | |
Victoria Norte | 2.0% | NSR | Gold-Silver /Copper-Molybdenum | Hochschild Mining PLC | Exploration | |
Kolla Kananchiari | 1% NSR precious metals, 0.5% NSR base metals | Gold-Copper-Silver | Masglas America Corporation | Exploration | ||
San Valentino | 1.0% | NSR | Copper-Gold-Molybdenum | Atacama Copper Exploration Ltd | Exploration | |
Chile | T4 | 1.5% | NSR | Copper-Gold | Atacama Copper Exploration Ltd | Exploration |
Las Animas | 1.5% | NSR | Copper-Gold | Atacama Copper Exploration Ltd | Exploration | |
Victoria Sur | 1.0% | NSR | Gold-Silver-Copper | Revelo Resources | Exploration | |
Arrieros | 1.0% | NSR | Copper-Molybdenum-Gold | Revelo Resources | Exploration | |
Redono-Veronica | 1.0% | NSR | Copper-Molybdenum | Revelo Resources | Exploration | |
Block 2 | 1.0% | NSR | Copper-Molybdenum | Revelo Resources | Exploration | |
Block 3 | 1.0% | NSR | Copper-Molybdenum | Revelo Resources | Exploration | |
Block 4 | 1.0% | NSR | Copper-Molybdenum | Revelo Resources | Exploration | |
Cerro Blanco | 1.0% | NSR | Copper-Molybdenum-Gold | Revelo Resources | Exploration | |
Cerro Buenos Aires | 1.0% | NSR | Copper-Molybdenum-Gold-Silver | Revelo Resources | Exploration | |
Morros Blancos | 1.0% | NSR | Copper-Gold-Molybdenum | Revelo Resources | Exploration |
32 | August 2020 |
Endnotes
MALMYZH
M1 See EMX news releases dated October 11, 2018, April 18, 2019.
NEARBY MINES AND DEPOSITS
N1 The nearby mines and deposits provide geologic context for EMX's Properties, but this is not necessarily indicative that the Properties host similar mineralization.
SCANDINAVIA
B1 See Company news release dated April 4, 2019 for details of the Gold Line Resources agreement & properties.
B2 See Company news release dated March 4, 2019 for details of the Playfair Mining Ltd. agreement & properties.
B3 See Company news release dated December 18, 2018 and February 19, 2019 for details of the OK2 Minerals & Norra Metals agreement & properties.
B4 See Company news release dated December 4, 2017 for details of the Sienna agreement & properties.
B5 See Company news releases dated November 22, 2016, December 13, 2017, January 16, 2018, February 9, 2018, February 15, 2018, March 1, 2018, March 20, 2018, April 11, 2018, May 2, 2018, May 18, 2018 for details associated with BMC and BMEC agreements, properties, exploration results, and QAQC procedures
B6 See Company news releases dated April 19, 2018 for details of the agreements of the South32 agreement & properties.
B7 See EMX Company news releases dated September 8, 2016 for more information on drill intercepts, QA/QC, and exploration results.
TURKEY
T1 Refer to EMX's SEDAR filed Akarca Technical Report and news releases dated July 19, 2012, January 18, 2013, March 1, 2013, June 20, 2013, August 22, 2013, January 27, 2014, July 17, 2014, March 2, 2015, April 17, 2018 for more information on the Akarca exploration results and a description of the QA and QC measures used for the project.
The Hishikari and Waihi examples of LSE systems provide general context for district size and extent only in comparison to EMX's Project.
T2 See EMX news release dated December 23, 2015 for more information.
See www.emxroyalty.comand Company news releases dated August 24, 2007, May 21, 2008, December 05, 2008, August 11, 2011, January 30, 2012, October 02, 2012, and July 23, 2013 for more information on Dedeman's drill results and a discussion of the Quality Assurance/Quality Control procedures used for the project.
33 | August 2020 |
Endnotes
SERBIA
S1 The 2006 NSR royalty (2% Au-Ag, 1% on other metals) covers the Brestovac West property. The 2013 0.5% NSR royalty purchase covers the Brestovac and Jasikovo East- Durlan Potok properties.
EMX's 0.5% NSR royalty is subject to reduction only as provided in the royalty agreement.
Property boundaries are schematic & approximate, and are given for general reference purposes only.
S2 True widths unknown unless stated. All technical information and data taken from Reservoir & Nevsun websites, news releases, and other public disclosures. See Reservoir/Nevsun news releases of Apr 8, Dec 2, 2013; Jul 27, Oct 19, 2015; Apr 13, Apr 14, Oct 17, Nov 22, Dec 7, 2016; Jun 29, July 19, 2017, Dec 4, 2017, Jan 16, 2018 for more information on drill intercepts, QA/QC, and exploration results.
S3 Nevsun reported an Upper Zone resource estimate in a 10/26/2017 news release. The mineral resource was evaluated based on a Resource NSR ("RscNSR") cut off value greater than $35 per tonne. The technical content of Nevsun's press release was reviewed by the following independent Qualified Persons ("QPs") as defined by National Instrument 43-
- Mineral Resource - Martin Pittuck, SRK UK; Mining - Jarek Jakubec, SRK Vancouver; Economic Evaluation - Neil Winkelmann, SRK Vancouver; Mineral Processing - Ray Walton; and TSF - Mihajlo Samoukovic, Knight Piesold Vancouver.
S4 Nevsun announced the results of a pre-feasibility study ("PFS") for the Timok Upper Zone copper-gold project in Serbia in a 03/28/2018 news release. The technical content of Nevsun's press release was reviewed by the following independent Qualified Persons ("QPs") as defined by National Instrument 43-101: Mining & Mineral Reserves- Jarek Jakubec SRK Vancouver, Mineral Processing - Mick Bunyard - Hatch TSF - Mihajlo Samoukovic, Knight Piesold Vancouver, Infrastructure, Capital & Operating Costs- Mark Sucharda, Hatch, Economic Evaluation - Robert Duinker, Hatch.
S5 The Upper Zone PFS follows on from a PEA published by Steffen Robertson and Kirsten (SRK) Vancouver and others in October 2017. Nevsun declared an initial Resource, including Measured, Indicated and Inferred tonnage and grade on the Upper Zone of the Cukaru Peki deposit in April 2017. The PFS Mineral Reserve Statement by definition, contains less mineralisation than the Resource statement, since a Reserve statement cannot contain Inferred mineralization.
S6 Nevsun news release dated June 26, 2018. The Lower Zone inferred resource was evaluated based on a 'dollar equivalent' cut-off value greater than $25 per tonne. The mineral resource model has an effective date of June 19, 2018. Modelling, resource estimation and tabulation were completed by Dr. Gilles Arseneau of SRK Canada. The technical content of Nevsun's press release was reviewed by Gilles Arseneau of SRK Canada, a Qualified Person ("QP") as defined by the National Instrument 43-101. Peter Manojlovic, VP Exploration, is Nevsun's designated QP and also reviewed and approved the press release. Resource results are tabulated using a dollar equivalent cut-off. Dollar equivalent is calculated using: Au per ounce = US$1,400; Cu per pound (lb) = US$3.00; Recoveries: Cu = 87%; Au = 69% for Porphyry Copper Lower Zone. Metal equivalent on a post recovery basis. Mining assumed to be by block cave.
S7https://seenews.com/news/chinas-zijin-to-invest-474-mln-in-serbian-copper-project-668240 andhttps://seenews.com/news/chinas-zijin-to-open-copper-gold-mine-in-serbia-in-h221-energy-min-682094
34 | August 2020 |
Endnotes
LEEVILLE
L1 Data registration is approximate, and map is provided for general reference purposes only. Exploration information taken from Newmont January 2018, September 2017 and December 2016 Investor Presentations. Geologic base from Nevada Bureau of Mines & Geology Bulletin 111 (2002). Newmont reserves were prepared in compliance with Industry Guide 7 published by the U.S. SEC. Whereas, the term resource, measured resource, indicated resource and inferred resource are not SEC recognized terms, Newmont has determined that such resources would be substantively the same as those prepared using the Guidelines established by the Society of Mining, Metallurgy and Exploration and defined as Mineral Resource. Investors are cautioned not to assume that any part or all of the inferred resource exists, or is economically or legally mineable.
L2 Refer to Newmont's Investor Presentation dated August, 2018.
L3 Refer to Nevada Gold Mine's Analyst Presentation dated September, 2019.
Arizona
A1 Arizona Mining ("AMC") announced the results of a preliminary economic assessment ("PEA") for the Hermosa Property Mineral Resource and Taylor Deposit on January 16, 2018. AMC was responsible for managing and preparing the Technical Report under the guidelines of National Instrument 43-101 ("NI 43-101") for reporting of Mineral Resources with inputs from Ms D. Nussipakynova AMC, Mr G. Methven AMC, Mr C. Kottmeier AMC, Mr Q. Jin, SGS North America Inc., Mr R. Michael Smith, Newfields Mining Design and Technical Services, Mr E. Christenson of WestLand Resources Inc., Mr D. Bartlett of Clear Creek Associates, Ms L. Bloom, Analytical Solutions Ltd., and Mr C. Kaye, Mine and Quarry Engineering Services Ltd.
Zinc equivalent was based on long-term prices of $1.10/lb zinc, $1.00/lb lead and $20/oz silver, respectively. ZnEq Formula:
ZnEq=(((PB%/100)*0.95*2000*0.95)+((ZN%/100)*1*2000*0.92)+(AG_OPT*0.9*20))/((1*2000*0.92)/100)
Nevada
V1 See Company news release dated December 19, 2019 for details of the Rawhide Gold-Silver Mining Operation agreement and property
Finland
F1 *Technical Report for the Kaukua Deposit, Läntinen Koillismaa Project, Finland", dated September 9, 2019.From Table 1-1 of the Kaukua Technical Report, with explanatory notes that include: "CIM definitions have been followed for the Mineral Resources; Bulk densities of 2.9 t/m3 have been assigned for all lithologies within the block model except the overburden which has a bulk density of 2.1 t/m3 assigned; The optimization used metal prices (in USD) of $1,100/oz for Pd, $950/oz for Pt, $1,300/oz for Au, $6,614/t for Cu and $15,432/t for Ni; Mining dilution and recovery factors have been assumed at 5% and 95% respectively; Pd Eq is the weighted sum of the Pd, Pt, Au, Ni and Cu grades based on the commodity prices as outlined; and Errors may occur due to rounding to appropriate significant figures." EMX notes that recoveries and net smelter returns are assumed to be 100% for the Pd Eq calculation. See Company news release dated February 25, 2020 for more details of the Kaukua Royalty agreement.
F1 *Geological map from Finnish Geological Survey (GTK), Kaukua Open Pit outline and Kaukua South Anomaly are for reference only and are from Palladium Ones' news releases dated August 11, 2020
35 | August 2020 |
Attachments
- Original document
- Permalink
Disclaimer
EMX Royalty Corporation published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 18:45:01 UTC