Gold Royalty Corp. Global Mineral Resources and Notes

Project/Property Cut-off(1)
(g/t)
Tonnes
(Mt)
Grade Contained Metal Gold Eq
(Moz)
Attributable Gold Eq.(13)
(oz)
Gold
(g/t)
Silver
(g/t)
Copper
(%)
Gold Eq
(g/t)
Gold
(Moz)
Silver
(Moz)
Copper
(Mlbs)
Measured
Yellowknife                      
Ormsby-Bruce(2) 0.5 1.176 2.12 - - 2.12 0.08 - - 0.08 800
Titiribi(3) 0.3 51.6 0.49 - 0.17 0.78 0.82 - 195.1 1.29 25,800
Quartz Mountain(4) 0.21/0.6 0.214 0.95 - - 0.95 0.007 - - 0.007 70
Total Measured             0.907 - 195.1 1.377 26,670
Indicated
Whistler                      
Whistler(5) 0.3 79.2 0.51 1.97 0.17 0.88 1.28 5.03 302 2.25 22,500
Island Mountain(5) 0.3 31.08 0.49 1.1 0.06 0.55 0.485 1.099 41.1 0.547 5,470
Whistler Total 0.3 110.28 0.5 1.72 0.14 0.79 1.765 6.13 343.1 2.797 27,970
Yellowknife                      
Nicholas Lake(2) 0.5/1.5 1.56 2.73 - - 2.73 0.138 - - 0.138 1,380
Ormsby-Bruce(2) 0.5/1.5 11.373 2.3 - - 2.3 0.841 - - 0.841 8,410
Yellowknife Total 0.5/1.5 12.933 2.31 - - 2.31 0.979 - - 0.979 9,790
Titiribi(3) 0.3 234.2 0.51 - 0.09 0.65 3.82 - 459.3 4.93 98,600
La Mina(6) 0.25 28.17 0.74 1.77 0.24 1.12 0.667 1.607 150.2 1.013 20,264
Sao Jorge(7) 0.3 14.28 1.55 - - 1.55 0.712 - - 0.712 7,118
Almaden(8) 0.3 43.47 0.65 - - 0.65 0.91 - - 0.91 4,550
Cachoeira(9) 0.35 17.47 1.23 - - 1.23 0.692 - - 0.692 6,917
Crucero(10) 0.4 30.653 1 - - 1 0.993 - - 0.993 9,930
Quartz Mountain(4) 0.21/0.6 11.942 0.87 - - 0.87 0.333 - - 0.333 333
Total Indicated             10.871 7.736 952.6 13.359 185,472
Total Measured and Indicated           11.778 7.736 1,147.7 14.736 212,142
Inferred
Whistler                      
Whistler(5) 0.3 145.8 0.4 1.75 0.15 0.73 1.85 8.21 467 3.35 33,500
Raintree West(5) 0.3/0.60 83.44 0.57 4.37 0.08 0.74 1.539 11.714 156 1.991 19,910
Island Mountain(5) 0.3 82.02 0.47 1.02 0.05 0.53 1.237 2.69 90.4 1.39 13,900
Whistler Total 0.30/0.60 311.26 0.47 2.26 0.11 0.68 4.626 22.614 713.5 6.731 67,310
Yellowknife                      
Nicholas Lake(2) 0.5/1.5 1.759 2.72 - - 2.72 0.154 - - 0.154 1,540
Ormsby-Bruce(2) 0.5/1.5 3.898 2.81 - - 2.81 0.353 - - 0.353 3,530
Goodwin Lake(2) 0.5 0.87 1.18 - - 1.18 0.033 - - 0.033 330
Clan Lake(2) 0.5/1.5 2.774 2.23 - - 2.23 0.199 - - 0.199 1,990
Yellowknife Total 0.5/1,5 9.302 2.47 - - 2.47 0.739 - - 0.739 7,390
Titiribi(3) 0.3 207.9 0.49 - 0.02 0.51 3.26 - 77.9 3.44 68,800
La Mina(6) 0.25 12.394 0.65 1.75 0.27 1.07 0.26 0.697 73.3 0.427 8,548
Sao Jorge(7) 0.3 17.58 1.27 - - 1.27 0.717 - - 0.717 7,168
Almaden(8) 0.3 9.15 0.56 - - 0.56 0.16 - - 0.16 800
Cachoeira(9) 0.35 15.667 1.07 - - 1.07 0.538 - - 0.538 5,378
Crucero(10) 0.4 35.779 1 - - 1 1.147 - - 1.147 11,470
Surubim(11) 0.3 19.44 0.81 - - 0.81 0.503 - - 0.503 5,030
Yarumalito(12) 0.5 66.271 0.58 - 0.09 0.7 1.23 - 129.3 1.502 15,020
Quartz Mountain(4) 0.21/0.6 39.205 0.91 - - 0.91 1.147 - - 1.147 11,470
Total Inferred             14.327 23.311 993.9 17.051 208,384

Notes:

  1. In reference to the gold cut-off grade within the mineral resource table on Page 1, gold cut-off is presented for all projects except for the Whistler Project and Yarumalito Project, which is a gold equivalent cut-off.
  1. Extracted from the technical report titled “Independent Technical Report, Yellowknife Gold Project, Northwest Territories, Canada” with an effective date of March 2019 prepared for GoldMining Inc. Pit constrained resources with reasonable prospects of eventual economic extraction for the Nicholas Lake, Bruce, Ormsby, Goodwin Lake and Clan Lake deposits reported above a 0.50 g/t Au cut-off. Pit optimization is based on an assumed gold price of US$1,500/oz, metallurgical recovery of 90%, mining cost of US$2.00/t and processing and G&A cost of US$23.00/t. Underground resources with reasonable prospects of eventual economic extraction for the Nicholas Lake, Bruce, Ormsby and Clan Lake deposits stated as contained within gold grade shapes above a 1.50 g/t Au cut-off. Mineral Resource tonnage and grade with reasonable prospects of eventual economic extraction are reported as undiluted.
  1. Extracted from the technical report titled “Technical Report on the Titiribi Project, Department of Antioquia, Colombia” with an effective date of September 2016 prepared for Brazil Resources Inc. Open pit resources with reasonable prospects of eventual economic extraction for the reported above a 0.30 g/t Au cut-off. Gold equivalent estimated assumes metal prices of US$1,300/oz gold and US$2.90/lb copper and recoveries of 83% for gold and 90% for copper.
  1. Extracted from the Annual Information Form of Alamos for the year ended December 31, 2019. Pit-constrained resource assumed a gold price of $1,400/oz and utilizes a cut-off of 0.21 g/t gold and 0.6 g/t gold for oxide and sulphide, respectively.
  1. Extracted from the technical report titled “NI 43-101 Resource Estimate for the Whistler Project” with an effective date of March 2016 prepared for Brazil Resources Inc. This resource estimate includes each of the Whistler, Raintree West and Island Mountain deposits. Pit optimization for the Whistler deposit is based on an assumed gold price of US$990/oz, silver price of US$15.40/oz, and copper price of US$2.91/lb, metallurgical recovery of 75% for gold and silver, and 85% for copper and cut-off of US$7.50/t adjusted for metallurgical recovery and offsite costs. Gold equivalent estimated for the Whistler deposit assumes metal prices of US$990/oz gold, US$15.40/oz silver and US$2.91/lb copper and recoveries of 75% for gold and silver and 85% for copper. Gold equivalent estimated for the Raintree West deposit assumes metal prices of US$1,250/oz gold, US$16.50/oz silver and US$2.10/lb copper and recoveries of 75% for gold, 85% for copper and 75% for silver. Gold equivalent estimated for the Island Mountain deposit assumes metal prices of US$1,250/oz gold, US$16.50/oz silver and US$2.10/lb copper and recoveries of 75% for gold, 85% for copper and 25% for silver (recovered in copper concentrate). A gold equivalent cut-off of 0.3 g/t was highlighted in the estimate as a possible open pit cut-off (Whistler, Raintree West-shallow and Island Mountain), and a gold equivalent cut-off of 0.6 g/t was highlighted in the estimate as a possible underground cut-off (Raintree West-deep).
  1. Extracted from the technical report titled “NI 43-101 Technical Report, Belhaven copper & Gold Inc., La Mina Project, Antioquia, Republic of Colombia” with an effective date of October 2016 prepared for Belhaven Copper & Gold Inc. Pit optimization is based on an assumed gold price of US$1,275/oz, silver price of US$17.75/oz, copper price of US$2.75/lb, metallurgical recovery of 93% for gold and 90% for copper, pit slope of 50 degrees, mining cost of US$1.72/t, processing cost of US$5.83/t and G&A cost of US$0.98/t. Gold equivalent estimated for the La Mina project assumes metal prices of US$1,275/oz gold, US$17.75/oz for silver and US$2.75/lb for copper and recoveries of 93% for gold and 90% for copper.
  1. Please see GoldMining Inc. Press Release dated June 1, 2021 for further information.
  1. Extracted from the technical report titled “Technical Report, Almaden Gold Property” with an effective date of April 2020 prepared for GoldMining Inc. Pit constrained resource estimate based on US$1,500/oz gold, mining cost of US$2.25/t, processing cost of US$10.00/t and pit slope of 45 degrees.
  1. Extracted from the technical report titled “Technical Report and Resource Estimate on the Cachoeira Property, Para State, Brazil” with an effective date of April 2013 prepared for Brazil Resources Inc.
  1. Extracted from the technical report titled “Technical Report, Crucero Property” with an effective date of December 2017 prepared for GoldMining Inc. Pit constrained resource estimate based on US$1,500/oz gold, mining cost of US$1.60/t, processing cost of US$16.00/t and pit slope of 47 degrees.
  1. Extracted from the technical report titled “Technical Report, Rio Novo Gold Project and Resource Estimate on the Jau Prospect” with an effective date of November 2013 prepared for Brazil Resources Inc.
  1. Extracted from the technical report titled “Technical Report, Yarumalito Gold-Copper Property” with an effective date of April 2020 prepared for GoldMining Inc. Pit constrained resource estimate based on US$1,500/oz gold and US$2.70/lb copper, mining cost of US$2.00/t, processing cost of US$8.00/t and pit slope of 45 degrees. Gold equivalent estimated for the Yarumalito project assumes metal prices of US$1,500/oz gold and US$2.70/lb for copper.
  1. Attributable Mineral Resources are calculated as gold equivalent ounces reported under Mineral Resource estimates reported by the operator in the applicable technical reports multiplied by the applicable rate under the royalty we hold. This figure is provided for illustrative purposes and is not intended to represent any actual ownership by us of the underlying Mineral Resource or minerals.

Gold Royalty Corp - Diversified Royalty Portfolio in the Americas

Project (Property) Country Gold Equivalent Ounces(1)   Additional Rights to Buyback Royaltiesfrom Third Parties Held by GRC
Measured & Indicated Inferred GRC Royalty
Whistler
(Whistler)
USA 2,250,000 3,350,000 1% NSR 0.75% NSR on all properties can be purchased for US$5,000,000 prior to the first royalty payment
Whistler
(Raintree West)
USA - 1,991,000 1% NSR  
Whistler
(Island Mountain)
USA 547,000 1,390,000 1% NSR  
Almaden USA 910,000 160,000 0.5% NSR -
Quartz Mountain USA 339,000 1,147,000 1% NSR -
Yellowknife
(Nicholas Lake)
Canada 138,000 155,000 1% NSR -
Yellowknife
(Ormsby-Bruce)
Canada 921,000 353,000 1% NSR -
Yellowknife
(Goodwin Lake)
Canada - 33,000 1% NSR 1% NSR can be purchased for C$1,000,000
Yellowknife
(Clan Lake)
Canada - 199,000 1% NSR -
Yellowknife
(Big Sky)
Canada - - 1% NSR 1% NSR can be purchased for C$500,000
Yellowknife
(Narrow Lake)
Canada - - - 0.25% NSR can be purchased for C$250,000 prior to 5th anniversary of commercial production
Titiribi Colombia 6,220,000 3,440,000 2% NSR -
La Mina Colombia 1,013,000 427,000 2% NSR -
Yarumalito Colombia - 1,502,000 1% NSR 1% NSR can be purchased for C$1,000,000 before a feasibility study is completed
Cachoeira Brazil 692,000 538,000 1% NSR -
Sao Jorge Brazil 712,000 717,000 1% NSR -
Surubim
(Surubim)
Brazil - - - 1.5% NSR can be purchased for US$1,000,000, an additional 0.5% NSR can be purchased for US$1,000,000 after 2 Moz has been produced
Surubim
(Rio Novo)
Brazil - 503,000 1% NSR 0.65% can be purchased for US$1,500,000 within 12 months of commercial production
Batistao Brazil - - 1% NSR 2% NSR can be purchased for US$1,000,000
Crucero Peru 993,000 1,147,000 1% NSR -

Note: (1) See details on individual resource estimates, metal equivalents, and reference to technical reports on the Company’s profile on SEDAR.com.