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
Quartz Mountain(4) 0.21/0.6 0.214 0.95 - - 0.95 0.007 - - 0.007 70
Total Measured             0.087 - - 0.087 870
Indicated
Whistler                      
Whistler(4) na 107.77 0.50 1.95 0.17 0.79 1.749 6.757 399.4 2.738 27,380
Raintree West(4) na 10.43 0.57 4.70 0.10 0.76 0.191 1.576 22.6 0.256 2,561
Whistler Total na 118.2 0.50 1.72 0.14 0.79 1.941 8.333 422.0 2.994 29,941
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
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             7.227 9.940 572.2 8.626 88,843
Total Measured and Indicated           7.314 9.940 572.2 8.713 89,713
Inferred
Whistler                      
Whistler(4) 0.3 153.54 0.35 1.48 0.13 0.57 1.706 7.306 455.3 2.829 28,290
Raintree West(4) 0.3/0.60 51.54 0.76 2.98 0.11 0.95 1.265 4.942 125.4 1.575 15,747
Island Mountain(4) 0.3 111.90 0.47 1.06 0.05 0.57 1.701 3.814 130.8 2.042 20,424
Whistler Total 0.30/0.60 316.98 0.47 2.26 0.11 0.68 4.672 16.061 711.4 6.446 64,461
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 9.30 2.47 - - 2.47 0.739 - - 0.739 7,390
La Mina(5) 0.25 12.39 0.65 1.75 0.27 1.07 0.260 0.697 73.3 0.427 8,548
Sao Jorge(6) 0.3 17.58 1.27 - - 1.27 0.717 - - 0.717 7,168
Almaden(7) 0.3 9.15 0.56 - - 0.56 0.160 - - 0.160 800
Cachoeira(8) 0.35 15.67 1.07 - - 1.07 0.538 - - 0.538 5,378
Crucero(9) 0.4 35.78 1.00 - - 1.00 1.147 - - 1.147 11,470
Surubim(10) 0.3 19.44 0.81 - - 0.81 0.503 - - 0.503 5,030
Yarumalito(11) 0.5 66.27 0.58 - 0.09 0.70 1.230 - 129.3 1.502 15,020
Quartz Mountain(3) 0.21/0.6 39.21 0.91 - - 0.91 1.147 - - 1.147 11,470
Total Inferred             11.113 16.758 914.0 13.326 136,735

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 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. Please see GoldMining Inc. Press Release dated June 21, 2021 for further information.
  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 - 3,440,000 2% NSR -
La Mina Colombia - 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.