Globex Mining- Startschuss ??? (Seite 33)
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Wasamac East (Beauchastel Royalty) - Polymetallic Royalty
So heissen die 11 Claims heute.....Gruss William
danke William. Bin gerade noch verwirrt, meinst Du die Metalla Royalty ?
Wasamac Claims
Es geht hier um 11 Claims, die Globex von ihrem Beauchastel-Projekt abgezweigt hat um damit teilweise den Erwerb von Francoeur zu bezahlen. Vor etwas mehr als 10 Jahren kam eine Optionsvereinbarung für 5 Claims zustande, welche allerdings vor der zweiten fälligen Zahlung nicht mehr erneuert wurde. Immerhin sind für diese 5 Claims 500'000 CAD in die Kasse von Globex geflossen. Diese wenigen Claims wurden deshalb als sehr wertvoll betrachtet, weil eine auf dem Wasamac-Projekt entdeckte Goldader mit grossem Potenzial direkt in eben diese Claims von Globex führte.Gruss William
nee, bin am Handy.
Antwort auf Beitrag Nr.: 74.921.911 von muenchenguru am 06.12.23 16:24:57Könntest du vielleicht in Zukunft kurz auf Vorschau klicken, bevor du einen Beitrag einstellst.
Danke schön.
Danke schön.
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(Koz)
(000s)
Proven & Probable Reserves
26,835
2.52
2,170
32.6
Measured & Indicated Resources
6,030
1.75
340
5.1
Inferred Resources
7,090
2.00
455
6.8
For royalty ounce calculation, Metalla estimates 100% of the Wasamac Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 1.50% is applicable. Agnico Eagle classify the Wasamac Reserve & Resource estimate as historic as the estimate was prepared on behalf of a prior owner of the property
Gold
Royalty GEOs
(000's)
(g/t)
(Koz)
(000s)
Proven & Probable Reserves
26,835
2.52
2,170
32.6
Measured & Indicated Resources
6,030
1.75
340
5.1
Inferred Resources
7,090
2.00
455
6.8
For royalty ounce calculation, Metalla estimates 100% of the Wasamac Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 1.50% is applicable. Agnico Eagle classify the Wasamac Reserve & Resource estimate as historic as the estimate was prepared on behalf of a prior owner of the property
Wasamac (1.5% NSR)10
Wasamac is a development-stage underground gold project near Rouyn-Noranda, Quebec owned and operated by Agnico Eagle Mines Ltd ("Agnico Eagle") (TSX: AEM) (NYSE: AEM). Agnico Eagle envisions the project as an underground bulk mining operation with production of up to 200 Koz gold per year. Studies are ongoing to assess the potential to process the ores of Wasamac at the LaRonde or Canadian Malartic processing facilities with preliminary results expected in 2024.
Wasamac Reserve & Resource Estimate:
Wasamac is a development-stage underground gold project near Rouyn-Noranda, Quebec owned and operated by Agnico Eagle Mines Ltd ("Agnico Eagle") (TSX: AEM) (NYSE: AEM). Agnico Eagle envisions the project as an underground bulk mining operation with production of up to 200 Koz gold per year. Studies are ongoing to assess the potential to process the ores of Wasamac at the LaRonde or Canadian Malartic processing facilities with preliminary results expected in 2024.
Wasamac Reserve & Resource Estimate:
sorry, aus Versehen alles gepostet, wollte nur den Bereich über Wasamac posten
Das hab ich aus der NR von Metalla ganz aktuell (hier haben wir ja auch eine Royalty). Werde mal beizeiten tiefer graben.....

Metalla Royalty & Streaming Provides Three-Year Corporate Strategy and Highlights Near-Term Catalysts
Royalties & Streams
Follow
TSX.V: MTA
Website
Last Trade: 4.15 0.00 0.00
Mr. Brett Heath reports:
(All dollar amounts are in United States dollars unless otherwise indicated)
VANCOUVER, BC, Dec. 6, 2023 /CNW/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) is pleased to profile its post-merger core assets and provide a three-year corporate strategy and highlights near-term portfolio catalysts.
CORPORATE HIGHLIGHTS
An emerging mid-tier royalty and streaming company now with over 100 royalties and streams with several cornerstone assets including Côté-Gosselin and Taca Taca
Six producing assets with three more scheduled to commence production in 2024
Key production contributors for 2024/2025 are expected to be Tocantinzinho, Wharf, Aranzazu, La Encantada, Amalgamated Kirkland, and Endeavor
Projected gold equivalent ounce ("GEO") production of over 30,000 ounces annually by 2030 from high-quality, long-life projects, expected to result in substantial growth in cash flow
Best in class jurisdictional risk profile with royalties on assets located in established mining regions across North America, South America, and Australia
Approximately $35 million in total liquidity available
Brett Heath, President, and CEO of Metalla commented, "After a combined 12 years of respective acquisitions of high-quality growth assets at Metalla and Nova Royalty Corp., the combination underpins a portfolio that is expected to produce over 30,000 GEOs annually by 2030. We anticipate near-term free cash flow growth to be driven by Tocantinzinho, Endeavor, and Amalgamated Kirkland for the 2024/2025 period, firmly establishing our business as a mid-tier royalty company."
Mr. Heath continued, "Over the next three years as we benefit from the many upcoming catalysts in our portfolio, we intend to focus on additional strategic transactions and the development of a capital return strategy."
THREE-YEAR STRATEGY OBJECTIVES
Pursue additional strategic transactions to complement best-in-class growth portfolio
Focus on increasing shareholder value, including the development of a capital return strategy
Reduce debt and maintain a strong balance sheet
TERMINATION OF AT-THE-MARKET FACILITY
On May 27, 2022, the Company announced that it had entered into an equity distribution agreement to establish an At-The-Market equity program (the "ATM Program"), which could be terminated at any time by the Company or the syndicate of agents. On November 30, 2023, the Board of Directors authorized the termination of the ATM Program and no further sales will take place thereunder. From inception to termination, the Company distributed 1,328,079 common shares under the ATM Program at an average price of $5.01 for gross proceeds of $6.6 million, however, there had been no sales during the five months ended November 30, 2023.
CORE PORTFOLIO VALUE CONTRIBUTORS
Metalla will enter 2024 with royalties on six producing assets and three new mines that are expected to commence production during the year. The portfolio hosts a commodity mix of gold, silver, and copper, creating blended leverage to monetary, strategic, and inflation resilient metals to preserve purchasing power and grow value over the long term. The portfolio is anchored by 10 core assets profiled below, representing over 50% of the consensus NAV of the portfolio.
Côté and Gosselin (1.35% NSR)1
Côté is located near Sudbury, Ontario and is poised to become Canada's third largest gold mine with IAMGOLD Corp. ("IAMGOLD") (TSX: IMG) announcing an expected annual output of 495Koz and total cash costs of US$693/oz in the first six years of operation. The main driver of growth at the Côté mine is expected to be the 5Moz gold Gosselin deposit located adjacent to the 14 Moz Côté pit. Construction is ongoing at Côté and was ~92% complete as of September 30, 2023. The project remains on track to commence production in early 2024.
Since the inaugural resource estimate at Gosselin, an additional 57 holes for 34,790m have been drilled at the deposit which are expected to be incorporated in the year-end resource update. Recent holes have highlighted the depth potential at Gosselin where IAMGOLD intends to drill to a similar depth as the Côté deposit. Metalla's royalty covers the northern portion of Côté and all of the Gosselin deposit.
Côté Reserve & Resource Estimate:
Côté
Gosselin
Tonnes
Gold
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(000's)
(000's)
(g/t)
(000's)
(000's)
Proven & Probable
233,331
1.0
7,174
5.8
Measured & Indicated
365,916
0.9
10,206
124,500
0.8
3,350
53.6
Inferred Resources
189,108
0.6
3,813
72,900
0.7
1,710
26.1
For royalty ounce calculation, Metalla estimates 6% of Côté and 100% of Gosselin's Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 1.35%.
Tocantinzinho (0.75% NSR)2
Tocantinzinho is an advanced-stage gold development project in Pará State, Brazil owned by G Mining Ventures (TSXV: GMIN) with a planned 10.5 year mine life and an expected annual gold production of 196Koz over the first five years at an AISC of $666/oz. The fully funded project was 51% complete as of September 12, 2023, and trending on time and on budget for commercial production in the second half of 2024.
Metalla holds a 0.75% Gross Value Royalty interest on Tocantinzinho.
Tocantinzinho Reserve & Resource Estimate:
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(Koz)
(000s)
Proven & Probable Reserves
48,676
1.31
2,042
15.3
Measured & Indicated Resources
48,114
1.36
2,102
15.8
Inferred Resources
1,580
0.98
50
3.8
For royalty ounce calculation, Metalla estimates 100% of the Tocantinzinho Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 0.75%.
Castle Mountain (5% NSR)3
Castle Mountain is an operating heap leach and mill gold mine operated by Equinox Gold Corp. ("Equinox") (TSX: EQX) (NYSE: EQX) and located in California, USA, north of Equinox's Mesquite mine. Phase 1 is currently operating at the JSLA, Jumbo, and Oro Belle pits with an expected production of 30-40Koz of gold annually. Phase 2, which is expected to begin in 2026 and includes South Domes which is covered by Metalla's royalty, is projected to expand production to more 218Koz at an AISC of $858/oz over the 14-year Phase 2 mine plan. Equinox has outlined the potential to expand the Mineral Reserve pits outlined in the 2021 feasibility study to ultimately connect the JSLA and South Domes pits. Metalla holds a 5% Net Smelter Return ("NSR") royalty on the South Domes portion of the mine.
Castle Mountain South Domes Reserve & Resource Estimate:
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(Koz)
(000s)
Proven & Probable Reserves
54,800
0.63
1,100
55
Measured & Indicated Resources
66,406
0.63
1,347
67.4
Inferred Resources
39,190
0.47
588
29.4
For royalty ounce calculation, Metalla estimates 100% of the South Domes Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 5.0%.
Taca Taca (0.42% NSR)4
Taca Taca, located in Salta, Argentina, is one of the largest undeveloped copper projects in the Americas, wholly-owned by First Quantum Minerals Ltd. ("First Quantum") (TSX: FM). Taca Taca is planned to consist of an open pit mine with a large 60 Mtpa processing plant expected to produce more than 275,000 tonnes of copper per year at its peak along with 106,000 ounces of gold and 2,205 tonnes of molybdenum. Taca Taca is expected to be a long-life asset with an initial 32-year mine life and an exceptionally large resource base providing a pre-tax net present value at an 8% discount rate ("NPV8%") of $3.4B and a 17.4% internal rate of return ("IRR"). Pre-development activities are ongoing including positive progress on water sourcing and power line development. An initial Environmental and Social Impact Assessment for the project was submitted in 2019 with final approval expected in 2024. First Quantum expects to make a development decision on Taca Taca in 2024.
Taca Taca Reserve & Resource Estimate:
Tonnes
Copper
Gold
Molybdenum
Royalty GEOs
(Mt)
( %)
(Mlbs)
(g/t)
(Moz)
( %)
(000 t)
(000s)
Proven & Probable
1,758.5
0.44
17,053
0.09
5.1
0.012
214
149
Measured & Indicated
2,203.3
0.43
20,836
0.09
6.1
0.012
265
182
Inferred
716.9
0.31
4,863
0.05
1.2
0.009
65
42
For royalty ounce calculation, Metalla estimates 100% of Taca Taca's Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 0.357% is applicable for the copper and molybdenum Royalty GEOs (which factors in a 15% NSR smelting charge). Copper has been converted to Royalty GEOs assuming $3.50 per pound. Molybdenum has been converted to Royalty GEOs assuming $10.00 per pound.
Copper World Complex (0.315% NSR)5
Copper World is a large open pit copper development project in Arizona, USA, owned by Hudbay Minerals Inc. ("Hudbay") (TSX: HBM) (NYSE: HBM). The 2023 Pre-Feasibility study contemplates four planned open pit mines with a two-phased mine-plan. A 20-year mine life Phase I plan is expected to produce 92,000 tonnes of copper per year in the first 10 years. Phase II extends the mine life to 44 years through an expansion of the processing facilities, resulting in up to 100,000 tonnes of annual copper production. Hudbay has indicated that it expects to receive the two outstanding operating state permits for Phase I by early 2024. Metalla holds a right of first refusal for an additional 0.36% NSR.
Copper World Reserve & Resource Estimate:
Royalty
Tonnes
Copper
Gold
Silver
Molybdenum
GEOs
(Mt)
( %)
(Mlbs)
(g/t)
(Moz)
(g/t)
(Moz)
(ppm)
(Mlbs)
(000s)
Proven & Probable
385
0.52
4,412
0.02
0.350
5.44
67
108
91
28
Measured & Indicated
1,205
0.42
11,074
0.02
0.780
4.22
163
117
312
71
Inferred
275
0.32
1,940
0.01
0.089
2.82
25
106
64
12
For royalty ounce calculation, Metalla estimates 99% of the Copper World Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 0.268% is applicable for the copper and molybdenum Royalty GEOs (which factors in a 15% NSR smelting charge). Copper has been converted to Royalty GEOs assuming $3.50 per pound of copper. Molybdenum has been converted to Royalty GEOs assuming $10.00 per pound. Silver has been converted to Royalty GEOs assuming $23.00 per ounce.
Wharf (1% NSR)6
Wharf is an open pit, heap leach gold mine operated by Coeur Mining Inc. (NYSE: CDE) in the Black Hills of South Dakota. Wharf has been in operation since 1982 and continues to be a steady-state gold operation with total 2022 production of 79.8 Koz gold. Wharf currently has an eight-year mine life, and gold production guidance for 2023 is expected to be 88-95 koz gold. Metalla holds a 1% royalty on Wharf.
Wharf Reserve & Resource Estimate:
Tons
Gold
Royalty GEOs
(000's)
(oz/t)
(Koz)
(000s)
Proven & Probable Reserves
33,707
0.027
908
9.1
Measured & Indicated Resources
14,468
0.020
293
2.9
Inferred Resources
3,149
0.020
63
6.3
For royalty ounce calculation, Metalla estimates 100% of the Wharf Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 1.0%.
Aranzazu (1% NSR)7
Aranzazu is an underground copper-gold-silver mine in Zacatecas, Mexico owned and operated by Aura Minerals Inc. ("Aura") (TSX: ORA). The mine reopened in 2018 as a 3,350 tonne per day operation which produced 111,531 GEOs in 2022 at a $680/oz gold-equivalent cash cost. Guidance for 2023 is for 101–116Koz of GEOs. Aura has a long history of replacing reserves at Aranzazu, since restarting production in 2018, Aura has increased its Proven and Probable Reserves by 53% net of depletion. Exploration is ongoing with 29,400 meters of drilling budgeted for 2023 on the property of which only 6% has been drill-tested to date.
Aranzazu Reserve & Resource Estimate:
Tonnes
Copper
Silver
Gold
Royalty GEOs
(kt)
( %)
(Mlbs)
(g/t)
(Moz)
(g/t)
(Koz)
(000s)
Proven & Probable
9,572
1.23
259
17.6
5.4
0.81
249
7.5
Measured & Indicated
15,072
1.44
477
21.4
10.4
0.97
471
13.9
Inferred
4,324
1.04
99
16.4
2.3
0.55
76
2.7
For royalty ounce calculation, Metalla estimates 100% of the Aranzazu Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 0.85% is applicable for the copper Royalty GEOs (which factors in a 15% NSR smelting charge). Copper has been converted to Royalty GEOs assuming $3.50/lb. Silver has been converted to Royalty GEOs assuming $23/oz
Vizcachitas (0.49% NSR on Underground, 0.98% NSR on Open Pit)8
Vizcachitas is a large copper-molybdenum porphyry deposit in central Chile, owned by Los Andes Copper Ltd. ("Los Andes") (TSXV: LA). The 2023 pre-feasibility study outlined an initial 26-year open pit mine life with annual copper production of 183,000 tonnes in the first eight years, a post-tax NPV8% of $2.8B and an IRR of 24%. The project has existing infrastructure including transport, power, and access to desalinated water. Los Andes has resumed exploration and optimization drilling where several targets include possible resource extensions to the east, west and at depth. Los Andes expect to complete a Feasibility study between 2023 and 2024, with potential commencement of commercial production in 2029. The royalty covers approximately 50% of the open pit.
Vizcachitas Reserve & Resource Estimate:
Tonnes
Copper
Silver
Molybdenum
Royalty GEOs
(Mt)
( %)
(Mlbs)
(g/t)
(Moz)
(ppm)
(Mlbs)
(000s)
Proven & Probable
1,220
0.36
9,623
1.1
45.2
136
365
89
Measured & Indicated
1,541
0.38
13,021
1.1
53.8
155
526
121
Inferred
1,823
0.34
13,747
0.9
55.3
123
495
126
For royalty ounce calculation, Metalla estimates 50% of the Vizcachitas Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 0.417% is applicable for the copper and molybdenum Royalty GEOs (which factors in a 15% NSR smelting charge). Copper has been converted to Royalty GEOs assuming $3.50 per pound. Molybdenum has been converted to Royalty GEOs assuming $10.00 per pound. Silver has been converted to Royalty GEOs assuming $23.00 per ounce.
Endeavor (4% NSR)9
Endeavor is a past-producing major underground silver-zinc-lead mine in Cobar, Australia owned by Polymetals Resources Limited ("Polymetals") (ASX: POL). As part of the restart plan Polymetals declared an initial 10-year mine life producing 9.8 Moz silver, 210 kt zinc and 62 kt lead with first concentrate production targeted for H2-2024. The mine restart study produced a NPV8% of A$201 million and an IRR of 91%, with expenditures estimated to be A$23.7 million. Metalla holds a 4.0% NSR royalty on all silver, zinc, and lead produced from Endeavor.
Endeavor Reserve & Resource Estimate:
Lead
Tonnes
Zinc
Silver
Royalty GEOs
(Mt)
( %)
(Mlbs)
(g/t)
(Moz)
( %)
(Mlbs)
(000s)
Proven & Probable
5.6
4.04
499
78
14.1
1.79
221
21
Measured & Indicated
14.8
7.2
2,338
72.9
34.7
4.3
1,387
90
Inferred
3.1
7.7
526
78
7.8
3.7
253
19
For royalty ounce calculation, Metalla estimates 100% of the Endeavor Mineral Resources and Mineral Reserves are subject to our royalty interest and the zinc and lead Royalty GEOs factor in a 15% NSR smelting charge). Zinc has been converted to Royalty GEOs assuming $1.10 per pound. Lead has been converted to Royalty GEOs assuming $1.00 per/oz. Silver has been converted to Royalty GEOs assuming $23.00/oz.
Wasamac (1.5% NSR)10
Wasamac is a development-stage underground gold project near Rouyn-Noranda, Quebec owned and operated by Agnico Eagle Mines Ltd ("Agnico Eagle") (TSX: AEM) (NYSE: AEM). Agnico Eagle envisions the project as an underground bulk mining operation with production of up to 200 Koz gold per year. Studies are ongoing to assess the potential to process the ores of Wasamac at the LaRonde or Canadian Malartic processing facilities with preliminary results expected in 2024.
Wasamac Reserve & Resource Estimate:
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(Koz)
(000s)
Proven & Probable Reserves
26,835
2.52
2,170
32.6
Measured & Indicated Resources
6,030
1.75
340
5.1
Inferred Resources
7,090
2.00
455
6.8
For royalty ounce calculation, Metalla estimates 100% of the Wasamac Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 1.50% is applicable. Agnico Eagle classify the Wasamac Reserve & Resource estimate as historic as the estimate was prepared on behalf of a prior owner of the property.

Metalla Royalty & Streaming Provides Three-Year Corporate Strategy and Highlights Near-Term Catalysts
Royalties & Streams
Follow
TSX.V: MTA
Website
Last Trade: 4.15 0.00 0.00
Mr. Brett Heath reports:
(All dollar amounts are in United States dollars unless otherwise indicated)
VANCOUVER, BC, Dec. 6, 2023 /CNW/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) is pleased to profile its post-merger core assets and provide a three-year corporate strategy and highlights near-term portfolio catalysts.
CORPORATE HIGHLIGHTS
An emerging mid-tier royalty and streaming company now with over 100 royalties and streams with several cornerstone assets including Côté-Gosselin and Taca Taca
Six producing assets with three more scheduled to commence production in 2024
Key production contributors for 2024/2025 are expected to be Tocantinzinho, Wharf, Aranzazu, La Encantada, Amalgamated Kirkland, and Endeavor
Projected gold equivalent ounce ("GEO") production of over 30,000 ounces annually by 2030 from high-quality, long-life projects, expected to result in substantial growth in cash flow
Best in class jurisdictional risk profile with royalties on assets located in established mining regions across North America, South America, and Australia
Approximately $35 million in total liquidity available
Brett Heath, President, and CEO of Metalla commented, "After a combined 12 years of respective acquisitions of high-quality growth assets at Metalla and Nova Royalty Corp., the combination underpins a portfolio that is expected to produce over 30,000 GEOs annually by 2030. We anticipate near-term free cash flow growth to be driven by Tocantinzinho, Endeavor, and Amalgamated Kirkland for the 2024/2025 period, firmly establishing our business as a mid-tier royalty company."
Mr. Heath continued, "Over the next three years as we benefit from the many upcoming catalysts in our portfolio, we intend to focus on additional strategic transactions and the development of a capital return strategy."
THREE-YEAR STRATEGY OBJECTIVES
Pursue additional strategic transactions to complement best-in-class growth portfolio
Focus on increasing shareholder value, including the development of a capital return strategy
Reduce debt and maintain a strong balance sheet
TERMINATION OF AT-THE-MARKET FACILITY
On May 27, 2022, the Company announced that it had entered into an equity distribution agreement to establish an At-The-Market equity program (the "ATM Program"), which could be terminated at any time by the Company or the syndicate of agents. On November 30, 2023, the Board of Directors authorized the termination of the ATM Program and no further sales will take place thereunder. From inception to termination, the Company distributed 1,328,079 common shares under the ATM Program at an average price of $5.01 for gross proceeds of $6.6 million, however, there had been no sales during the five months ended November 30, 2023.
CORE PORTFOLIO VALUE CONTRIBUTORS
Metalla will enter 2024 with royalties on six producing assets and three new mines that are expected to commence production during the year. The portfolio hosts a commodity mix of gold, silver, and copper, creating blended leverage to monetary, strategic, and inflation resilient metals to preserve purchasing power and grow value over the long term. The portfolio is anchored by 10 core assets profiled below, representing over 50% of the consensus NAV of the portfolio.
Côté and Gosselin (1.35% NSR)1
Côté is located near Sudbury, Ontario and is poised to become Canada's third largest gold mine with IAMGOLD Corp. ("IAMGOLD") (TSX: IMG) announcing an expected annual output of 495Koz and total cash costs of US$693/oz in the first six years of operation. The main driver of growth at the Côté mine is expected to be the 5Moz gold Gosselin deposit located adjacent to the 14 Moz Côté pit. Construction is ongoing at Côté and was ~92% complete as of September 30, 2023. The project remains on track to commence production in early 2024.
Since the inaugural resource estimate at Gosselin, an additional 57 holes for 34,790m have been drilled at the deposit which are expected to be incorporated in the year-end resource update. Recent holes have highlighted the depth potential at Gosselin where IAMGOLD intends to drill to a similar depth as the Côté deposit. Metalla's royalty covers the northern portion of Côté and all of the Gosselin deposit.
Côté Reserve & Resource Estimate:
Côté
Gosselin
Tonnes
Gold
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(000's)
(000's)
(g/t)
(000's)
(000's)
Proven & Probable
233,331
1.0
7,174
5.8
Measured & Indicated
365,916
0.9
10,206
124,500
0.8
3,350
53.6
Inferred Resources
189,108
0.6
3,813
72,900
0.7
1,710
26.1
For royalty ounce calculation, Metalla estimates 6% of Côté and 100% of Gosselin's Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 1.35%.
Tocantinzinho (0.75% NSR)2
Tocantinzinho is an advanced-stage gold development project in Pará State, Brazil owned by G Mining Ventures (TSXV: GMIN) with a planned 10.5 year mine life and an expected annual gold production of 196Koz over the first five years at an AISC of $666/oz. The fully funded project was 51% complete as of September 12, 2023, and trending on time and on budget for commercial production in the second half of 2024.
Metalla holds a 0.75% Gross Value Royalty interest on Tocantinzinho.
Tocantinzinho Reserve & Resource Estimate:
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(Koz)
(000s)
Proven & Probable Reserves
48,676
1.31
2,042
15.3
Measured & Indicated Resources
48,114
1.36
2,102
15.8
Inferred Resources
1,580
0.98
50
3.8
For royalty ounce calculation, Metalla estimates 100% of the Tocantinzinho Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 0.75%.
Castle Mountain (5% NSR)3
Castle Mountain is an operating heap leach and mill gold mine operated by Equinox Gold Corp. ("Equinox") (TSX: EQX) (NYSE: EQX) and located in California, USA, north of Equinox's Mesquite mine. Phase 1 is currently operating at the JSLA, Jumbo, and Oro Belle pits with an expected production of 30-40Koz of gold annually. Phase 2, which is expected to begin in 2026 and includes South Domes which is covered by Metalla's royalty, is projected to expand production to more 218Koz at an AISC of $858/oz over the 14-year Phase 2 mine plan. Equinox has outlined the potential to expand the Mineral Reserve pits outlined in the 2021 feasibility study to ultimately connect the JSLA and South Domes pits. Metalla holds a 5% Net Smelter Return ("NSR") royalty on the South Domes portion of the mine.
Castle Mountain South Domes Reserve & Resource Estimate:
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(Koz)
(000s)
Proven & Probable Reserves
54,800
0.63
1,100
55
Measured & Indicated Resources
66,406
0.63
1,347
67.4
Inferred Resources
39,190
0.47
588
29.4
For royalty ounce calculation, Metalla estimates 100% of the South Domes Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 5.0%.
Taca Taca (0.42% NSR)4
Taca Taca, located in Salta, Argentina, is one of the largest undeveloped copper projects in the Americas, wholly-owned by First Quantum Minerals Ltd. ("First Quantum") (TSX: FM). Taca Taca is planned to consist of an open pit mine with a large 60 Mtpa processing plant expected to produce more than 275,000 tonnes of copper per year at its peak along with 106,000 ounces of gold and 2,205 tonnes of molybdenum. Taca Taca is expected to be a long-life asset with an initial 32-year mine life and an exceptionally large resource base providing a pre-tax net present value at an 8% discount rate ("NPV8%") of $3.4B and a 17.4% internal rate of return ("IRR"). Pre-development activities are ongoing including positive progress on water sourcing and power line development. An initial Environmental and Social Impact Assessment for the project was submitted in 2019 with final approval expected in 2024. First Quantum expects to make a development decision on Taca Taca in 2024.
Taca Taca Reserve & Resource Estimate:
Tonnes
Copper
Gold
Molybdenum
Royalty GEOs
(Mt)
( %)
(Mlbs)
(g/t)
(Moz)
( %)
(000 t)
(000s)
Proven & Probable
1,758.5
0.44
17,053
0.09
5.1
0.012
214
149
Measured & Indicated
2,203.3
0.43
20,836
0.09
6.1
0.012
265
182
Inferred
716.9
0.31
4,863
0.05
1.2
0.009
65
42
For royalty ounce calculation, Metalla estimates 100% of Taca Taca's Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 0.357% is applicable for the copper and molybdenum Royalty GEOs (which factors in a 15% NSR smelting charge). Copper has been converted to Royalty GEOs assuming $3.50 per pound. Molybdenum has been converted to Royalty GEOs assuming $10.00 per pound.
Copper World Complex (0.315% NSR)5
Copper World is a large open pit copper development project in Arizona, USA, owned by Hudbay Minerals Inc. ("Hudbay") (TSX: HBM) (NYSE: HBM). The 2023 Pre-Feasibility study contemplates four planned open pit mines with a two-phased mine-plan. A 20-year mine life Phase I plan is expected to produce 92,000 tonnes of copper per year in the first 10 years. Phase II extends the mine life to 44 years through an expansion of the processing facilities, resulting in up to 100,000 tonnes of annual copper production. Hudbay has indicated that it expects to receive the two outstanding operating state permits for Phase I by early 2024. Metalla holds a right of first refusal for an additional 0.36% NSR.
Copper World Reserve & Resource Estimate:
Royalty
Tonnes
Copper
Gold
Silver
Molybdenum
GEOs
(Mt)
( %)
(Mlbs)
(g/t)
(Moz)
(g/t)
(Moz)
(ppm)
(Mlbs)
(000s)
Proven & Probable
385
0.52
4,412
0.02
0.350
5.44
67
108
91
28
Measured & Indicated
1,205
0.42
11,074
0.02
0.780
4.22
163
117
312
71
Inferred
275
0.32
1,940
0.01
0.089
2.82
25
106
64
12
For royalty ounce calculation, Metalla estimates 99% of the Copper World Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 0.268% is applicable for the copper and molybdenum Royalty GEOs (which factors in a 15% NSR smelting charge). Copper has been converted to Royalty GEOs assuming $3.50 per pound of copper. Molybdenum has been converted to Royalty GEOs assuming $10.00 per pound. Silver has been converted to Royalty GEOs assuming $23.00 per ounce.
Wharf (1% NSR)6
Wharf is an open pit, heap leach gold mine operated by Coeur Mining Inc. (NYSE: CDE) in the Black Hills of South Dakota. Wharf has been in operation since 1982 and continues to be a steady-state gold operation with total 2022 production of 79.8 Koz gold. Wharf currently has an eight-year mine life, and gold production guidance for 2023 is expected to be 88-95 koz gold. Metalla holds a 1% royalty on Wharf.
Wharf Reserve & Resource Estimate:
Tons
Gold
Royalty GEOs
(000's)
(oz/t)
(Koz)
(000s)
Proven & Probable Reserves
33,707
0.027
908
9.1
Measured & Indicated Resources
14,468
0.020
293
2.9
Inferred Resources
3,149
0.020
63
6.3
For royalty ounce calculation, Metalla estimates 100% of the Wharf Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 1.0%.
Aranzazu (1% NSR)7
Aranzazu is an underground copper-gold-silver mine in Zacatecas, Mexico owned and operated by Aura Minerals Inc. ("Aura") (TSX: ORA). The mine reopened in 2018 as a 3,350 tonne per day operation which produced 111,531 GEOs in 2022 at a $680/oz gold-equivalent cash cost. Guidance for 2023 is for 101–116Koz of GEOs. Aura has a long history of replacing reserves at Aranzazu, since restarting production in 2018, Aura has increased its Proven and Probable Reserves by 53% net of depletion. Exploration is ongoing with 29,400 meters of drilling budgeted for 2023 on the property of which only 6% has been drill-tested to date.
Aranzazu Reserve & Resource Estimate:
Tonnes
Copper
Silver
Gold
Royalty GEOs
(kt)
( %)
(Mlbs)
(g/t)
(Moz)
(g/t)
(Koz)
(000s)
Proven & Probable
9,572
1.23
259
17.6
5.4
0.81
249
7.5
Measured & Indicated
15,072
1.44
477
21.4
10.4
0.97
471
13.9
Inferred
4,324
1.04
99
16.4
2.3
0.55
76
2.7
For royalty ounce calculation, Metalla estimates 100% of the Aranzazu Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 0.85% is applicable for the copper Royalty GEOs (which factors in a 15% NSR smelting charge). Copper has been converted to Royalty GEOs assuming $3.50/lb. Silver has been converted to Royalty GEOs assuming $23/oz
Vizcachitas (0.49% NSR on Underground, 0.98% NSR on Open Pit)8
Vizcachitas is a large copper-molybdenum porphyry deposit in central Chile, owned by Los Andes Copper Ltd. ("Los Andes") (TSXV: LA). The 2023 pre-feasibility study outlined an initial 26-year open pit mine life with annual copper production of 183,000 tonnes in the first eight years, a post-tax NPV8% of $2.8B and an IRR of 24%. The project has existing infrastructure including transport, power, and access to desalinated water. Los Andes has resumed exploration and optimization drilling where several targets include possible resource extensions to the east, west and at depth. Los Andes expect to complete a Feasibility study between 2023 and 2024, with potential commencement of commercial production in 2029. The royalty covers approximately 50% of the open pit.
Vizcachitas Reserve & Resource Estimate:
Tonnes
Copper
Silver
Molybdenum
Royalty GEOs
(Mt)
( %)
(Mlbs)
(g/t)
(Moz)
(ppm)
(Mlbs)
(000s)
Proven & Probable
1,220
0.36
9,623
1.1
45.2
136
365
89
Measured & Indicated
1,541
0.38
13,021
1.1
53.8
155
526
121
Inferred
1,823
0.34
13,747
0.9
55.3
123
495
126
For royalty ounce calculation, Metalla estimates 50% of the Vizcachitas Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 0.417% is applicable for the copper and molybdenum Royalty GEOs (which factors in a 15% NSR smelting charge). Copper has been converted to Royalty GEOs assuming $3.50 per pound. Molybdenum has been converted to Royalty GEOs assuming $10.00 per pound. Silver has been converted to Royalty GEOs assuming $23.00 per ounce.
Endeavor (4% NSR)9
Endeavor is a past-producing major underground silver-zinc-lead mine in Cobar, Australia owned by Polymetals Resources Limited ("Polymetals") (ASX: POL). As part of the restart plan Polymetals declared an initial 10-year mine life producing 9.8 Moz silver, 210 kt zinc and 62 kt lead with first concentrate production targeted for H2-2024. The mine restart study produced a NPV8% of A$201 million and an IRR of 91%, with expenditures estimated to be A$23.7 million. Metalla holds a 4.0% NSR royalty on all silver, zinc, and lead produced from Endeavor.
Endeavor Reserve & Resource Estimate:
Lead
Tonnes
Zinc
Silver
Royalty GEOs
(Mt)
( %)
(Mlbs)
(g/t)
(Moz)
( %)
(Mlbs)
(000s)
Proven & Probable
5.6
4.04
499
78
14.1
1.79
221
21
Measured & Indicated
14.8
7.2
2,338
72.9
34.7
4.3
1,387
90
Inferred
3.1
7.7
526
78
7.8
3.7
253
19
For royalty ounce calculation, Metalla estimates 100% of the Endeavor Mineral Resources and Mineral Reserves are subject to our royalty interest and the zinc and lead Royalty GEOs factor in a 15% NSR smelting charge). Zinc has been converted to Royalty GEOs assuming $1.10 per pound. Lead has been converted to Royalty GEOs assuming $1.00 per/oz. Silver has been converted to Royalty GEOs assuming $23.00/oz.
Wasamac (1.5% NSR)10
Wasamac is a development-stage underground gold project near Rouyn-Noranda, Quebec owned and operated by Agnico Eagle Mines Ltd ("Agnico Eagle") (TSX: AEM) (NYSE: AEM). Agnico Eagle envisions the project as an underground bulk mining operation with production of up to 200 Koz gold per year. Studies are ongoing to assess the potential to process the ores of Wasamac at the LaRonde or Canadian Malartic processing facilities with preliminary results expected in 2024.
Wasamac Reserve & Resource Estimate:
Tonnes
Gold
Royalty GEOs
(000's)
(g/t)
(Koz)
(000s)
Proven & Probable Reserves
26,835
2.52
2,170
32.6
Measured & Indicated Resources
6,030
1.75
340
5.1
Inferred Resources
7,090
2.00
455
6.8
For royalty ounce calculation, Metalla estimates 100% of the Wasamac Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 1.50% is applicable. Agnico Eagle classify the Wasamac Reserve & Resource estimate as historic as the estimate was prepared on behalf of a prior owner of the property.
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