Spring Valley Royalties

Operator: Waterton Global Resource Management
Metal(s): Gold

0.5-3% NSRs on multi-million ounce Spring Valley gold project

Key Facts

Location: Pershing Country, Nevada, USA
Status: Pre-feasibility stage project
Mine Type: Open pit

Project Highlights

• Historical 43-101 M&I resource of over 4 million oz. Au ⁽¹⁾
• Excellent highway and road access
• Well-funded operator advancing project
• Hydrological, metallurgical and permitting work ongoing
• Advanced stage with additional exploration permitted to increase resource

⁽¹⁾ Please refer to the corporate presentation hosted on this website for the footnote and appropriate legal disclosure regarding the historical NI 43-101 resources.

Royalties

• 3% NSR on a majority of the current resources of Spring Valley (red claims)
• 1.5% NSR on a portion of Spring Valley on the north side of the resource (green claims)
• 0.5% NSR within a one-half mile of the red claims and outlined in blue (not including the area in green)

Humboldt Range – Precious Metals Trend Historic and Current Gold / Silver Production

• The Southern Humboldt Range is roughly 200 km (125 miles) from Reno Nevada and 45 km (28 miles) northeast of Lovelock, Nevada
• Historic and current production in Pershing County, Nevada includes:
  • Argonaut – Florida Canyon (gold)
  • Waterton Global Resource Management – Spring Valley (gold)
  • Coeur Mining, Inc. – Rochester (gold/silver)
  • Coeur Mining Inc.– Lincoln Hill (gold)
  • Americas Gold and Silver Corp. – Relief Canyon (gold)

Please refer to the the corporate presentation posted on this website for details of the 0.5-3% NSRs owned by Sailfish on the Spring Valley gold project.