EMX Options Its Queensland Gold Projects to Mila Resources
EMX Options Its Queensland Gold Projects to Mila Resources
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2024) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce the execution of an exploration and option agreement for its Yarrol, Mt Steadman and Queensland Gold projects to Mila Resources PLC ("Mila", LSE:MILA). Mila is a well-capitalized London Stock Exchange listed company seeking to broaden its exploration portfolio in Australia. The agreement provides EMX with a cash payment, warrants and work commitments during a one-year option period, and upon exercise of the option, EMX will receive additional cash payments, equity in Mila, advance royalty payments, milestone payments and a 2.5% NSR royalty.
卑斯省溫哥華-(新聞稿-2024年11月1日)- emx royalty公司(美國紐交所:emx)(tsxv:emx)(德國交易所:6E9)(以下簡稱「公司」或「emx」)很高興宣佈已執行與Mila資源PLC(「Mila」,倫敦證券交易所:MILA)的亞洛爾、斯特德曼山和昆士蘭金項目的勘探和期權協議。Mila是一家資金充裕的倫敦證券交易所上市公司,旨在拓展其在澳洲的勘探組合。協議爲emx提供了現金支付、認股權證和在一年期權期內的工作承諾,選擇行使期權後,emx將獲得額外的現金支付、Mila的股權、預付版稅支付、里程碑款和2.5%的NSR版稅。
The Yarrol and Mt Steadman projects both contain historically defined gold resources in addition to sites of historic gold mining activities (see notes regarding the historical mineral resources below). The Yarrol project also contains areas with cobalt-enriched manganese oxide mineralization and heavy mineral sands deposits. The nearby Queensland Gold project lies to the north of Yarrol and Mt Steadman (see Figure 1) and contains multiple historic gold mines, gold occurrences, drill defined zones of gold mineralization, and numerous additional geochemical anomalies enriched in gold and copper.
亞洛爾和斯特德曼項目均包含有歷史定義的金資源,另外還有歷史金礦開採活動地點(有關歷史礦產資源的註釋,請參見下文)。亞洛爾項目還包含富含鈷的氧化錳礦化區和重礦砂沉積物區域。附近的昆士蘭金項目位於亞洛爾和斯特德曼的北部(見圖1),其中包括多個歷史金礦、金礦點、鑽探確定的金礦化帶以及許多含有金和銅的其他地球化學異常。
EMX looks forward to working with Mila to commence work on the projects and to follow up on recent drill and sampling programs. This transaction is another example of the execution of EMX's business model in providing turn-key and drill ready exploration projects to its partner companies in exchange for royalty interests and other considerations.
emx期待與Mila合作,開始對項目進行工作,並跟進最近的鑽探和取樣計劃。這筆交易是emx在執行業務策略方面的又一個例子,爲其合作伙伴公司提供現成即可開展鑽探的勘探項目,以換取版稅權益及其他考慮事項。
Commercial Terms Overview. EMX will receive AUD $25,000 upon execution of the agreement, along with 16 million purchase warrants of Mila Resources stock with a strike price of £0.01. Mila can acquire a 100% interest in the project by completing AUD$450,000 in work commitments by the end of the first anniversary of the agreement. Upon exercising the option Mila will:
商業條款概述。emx將在簽署協議時獲得25,000澳元,以及1600萬Mila資源公司股票認購權,行使價爲0.01英鎊。Mila可以通過在協議首個週年結束前完成45萬澳元的工作承諾獲得該項目的100%權益。一旦行使期權,Mila將:
- Issue the equivalent of £110,000 in shares of Mila (with certain escalation clauses) and make an initial advance royalty payment equivalent to 20 ounces of gold in cash, shares or bullion.
- Grant EMX an uncapped 2.5% NSR royalty and make annual advance royalty ("AAR") payments commencing at 20 ounces of gold until the fifth anniversary of the agreement, at which time the AAR's will increase to 35 ounces of gold until the completion of a Preliminary Economic Assessment, at which time the AAR's will increase to 50 ounces of gold. The AARs can be paid in cash, shares or bullion.
- Upon the second anniversary of the agreement, pay EMX an additional AUD$125,000 in cash or shares of Mila, and commit to completing a JORC Code or NI-43-101 compliant resource estimate on at least one of the project areas.
- By the fifth anniversary of the agreement, complete a cumulative of 30,000 meters of drilling and/or define a resource of at least 400,000 ounces of gold with at least 40% of those ounces defined as "indicated" resources.
- Deliver certain milestone payments.
- For each project, upon delivery of a feasibility study Mila can repurchase 1.25% of the EMX royalty for a payment equating to 65% of the post-tax royalty net present value (NPV) as defined in the feasibility study.
- 發行相當於£110,000的Mila股份(帶有一定的升級條款),並進行首次預付20盎司黃金的皇家金幣、股份或現金安排。
- 授予EMX無上限的2.5%NSR皇家金權,並進行年度預付皇家金權("AAR")付款,從20盎司黃金起至協議第五週年,屆時AAR將增加至35盎司黃金,直至完成初步經濟評估,屆時AAR將增至50盎司黃金。 AAR可以用現金、股份或金條支付。
- 在協議第二週年時,支付EMX額外的AUD$125,000現金或Mila股,並承諾在項目區域中至少完成一項JORC Code或NI-43-101符合資源評估。
- 在協議第五週年之前,完成累計3萬米的鑽探和/或至少定義40萬盎司黃金的資源,其中至少40%的盎司定義爲"指示"資源。
- 交付特定的里程碑付款。
- 對於每個項目,一旦提交可行性研究,Mila可以贖回EMX皇家金權的1.25%,支付相當於淨現值(NPV)65%的稅後皇家金權價值的款項。
Overviews of the projects. Each of the projects lie within the Tasman Orogenic Zone of eastern Australia, which hosts significant gold mines and deposits including Cracow, Mount Morgan and Mount Rawdon (see Figure 1).
項目概述。每個項目均位於澳大利亞東部的塔斯曼造山帶內,該地區擁有重要的黃金礦山和礦牀,包括Cracow、Mount Morgan和Mount Rawdon(見圖1)。
Yarrol Project: The 59,520 Ha Yarrol Project is located between the Queensland Gold project and Evolution Mining's Mt Rawdon gold mine and is positioned along the regional scale Yarrol Fault zone. Several other historical mines and active exploration projects also lie along the Yarrol Fault structural trend.
Yarrol項目: 59520公頃的亞羅項目位於昆士蘭黃金項目和 Evolution Mining 的 Mt Rawdon 黃金礦之間,沿着區域尺度的亞羅斷裂帶被定位。該區域還有其他幾個歷史礦山和活躍勘探項目沿着亞羅斷裂構造帶分佈。
Yarrol was the site of historical gold mining activities in the 1800's through the 1930's, with historical gold production averaging ~10 g/t.1 Further exploration and assessments conducted in the 1980's and 1990's led to the definition of two historical gold resources (see notes regarding the historical mineral resources below). Gold mineralization at Yarrol is present as quartz sulfide veins and zones of silicification developed in and around Permian-aged dioritic intrusions. EMX conducted a two-hole confirmation drill program in late 2022, resulting in the intersection of 17.8 meters averaging 4.01 grams per tonne (g/t) gold from 61 meters in drill hole DD22-YA187, and 12 meters at 0.91 g/t gold from 92 meters in drill hole DD22-YA188 (see EMX News Release dated November 14, 2022)2.
亞羅曾是1800年代至1930年代歷史黃金開採活動的所在地,歷史黃金產量平均約爲10克/噸。1980年代和1990年代進行的進一步勘探和評估導致了兩個歷史黃金資源的確定(有關歷史礦產資源的說明請參閱下文)。亞羅的金礦化以石英硫化物礦脈和二疊紀輝長岩侵入體周圍發育的硅化區帶存在。EMX 在2022年底進行了兩個確認鑽孔項目,結果表明,鑽孔DD22-YA187在61米處交匯處平均17.8米,金品位爲4.01克/噸,鑽孔DD22-YA188在92米處交匯處平均12米,金品位爲0.91克/噸(請參閱2022年11月14日的 EMX 資訊)。
Many Peaks Gold Ltd (now Many Peaks Minerals Ltd or "Many Peaks", ASX:MPK) optioned the project from EMX in 2023 and conducted various exploration programs before changing its strategy to focus on western African projects in early 2024. In addition to other programs, Many Peaks drilled six reconnaissance diamond drill holes at Yarrol totaling 1,210 meters that included a drill intercept of 16 meters averaging 0.75 g/t gold from 42 meters in hole YAD-189 (see Many Peaks news releases dated January 29 and 30, 2024)3. The project was returned to EMX in mid-2024.
Many Peaks Gold Ltd(現稱爲 Many Peaks Minerals Ltd 或 "Many Peaks",ASX:MPK)於2023年從 EMX 獲得了該項目的期權,並在2024年初將其策略重點轉向西非項目前進行了各種勘探項目。除了其他項目,Many Peaks 在亞羅進行了六個勘探性金剛石鑽孔,總計1,210米,其中包括鑽孔YAD-189在42米處的鑽孔截面爲16米,金品位爲0.75克/噸(請參閱 2024年1月29日和30日的 Many Peaks 資訊)。該項目於2024年中期歸還給 EMX。
Mt Steadman Project: The 5,760 hectare Mt Steadman project is an intrusion-related gold system ("IRGS") located along the Perry Fault system, a major structural feature in the region that also hosts the nearby Mt Rawdon Mine. The Mt Steadman project was the focus of exploration in the 1990's when shallow reconnaissance drilling programs led to the recognition and definition of historical gold resources (see notes regarding the historical mineral resources below). Several historic mines are also located on the Mt Steadman project (Mt Steadman, Venus and London), and were initially worked in the 1880's with periodic production continuing into the 1940's.
Steadman 山項目: 5,760公頃的 Steadman 山項目是一個侵入岩相關的金系統("IRGS"),位於佩裏斷裂系統沿線,這是該地區的一個重要構造特徵,也是附近 Mt Rawdon 黃金礦所在地。Steadman 山項目曾是1990年代的勘探重點,淺部的勘探性鑽探項目導致了對歷史黃金資源的認識和確定(有關歷史礦產資源的說明請參閱下文)。在 Steadman 山項目上還有幾個歷史礦山(Steadman 山、Venus 和 London),最初在1880年代進行開採,並持續到1940年代。
In the 1990's mineralized sheeted vein swarms (IRGS-style mineralization) were recognized at the Fitzroy prospect, where over 4,000 meters of shallow drilling led to the definition of historic gold resources1. Examples of historical drill intercepts at Mt Steadman's Fitzroy prospect include reverse circulation drill holes with intercepts that include 23 meters from surface averaging 1.04 g/t gold in drill hole RC95MS7, 24 meters from surface averaging 1.13 g/t gold in RC85MS10, and 26 meters from surface averaging 1.00 g/t in RC95MS44 (true widths unknown)4.
上世紀九十年代,菲茨羅伊(Fitzroy)前景區域識別出礦化片狀岩脈群(IRGS風格礦化),淺層鑽孔超過4,000米,勘探出歷史金資源的定義。在斯特德曼山的菲茨羅伊(Fitzroy)前景區域的歷史鑽孔攔截結果包括:來自表面的鑽孔RC95MS7攔截23米,均值1.04克/噸金;來自表面的RC85MS10攔截24米,均值1.13克/噸金;來自表面的RC95MS44攔截26米,均值1.00克/噸金(真實寬度未知)。
1 Independent Geological Report for MGT Mining Ltd, 2010. https://www.nsx.com.au/ftp/news/021723444.PDF. EMX has not performed sufficient work to verify historical sample results and production figures, however, from EMX's field reviews of the Yarrol and Mt Steadman properties, these data are considered to be reliable and relevant.
MGt Mining Ltd 2010年的獨立地質報告。https://www.nsx.com.au/ftp/news/021723444.PDF。EMX未進行足夠的工作來驗證歷史樣本結果和生產數字,然而,根據EMX對亞羅爾和斯特德曼物業的現場檢查,這些數據被認爲是可靠和相關的。
2 True widths remain unknown but are estimated to be in the 50-75% range of the reported drilled interval. The interval was calculated assuming a cutoff of 0.5 g/t gold.
真實寬度仍未知,但估計在報告鑽進間隔的50-75%區間。該間隔的計算假設切割值爲0.5克/噸金。
3 True widths not reported.
真實寬度未報告。
4 The historical drilling was completed by Probe Resources in 1995 and 1996 and reported to Queensland Geologic Survey. EMX has not done sufficient work to classify these results as compliant with NI 43-101 regulation, these results should not be relied upon until they are confirmed. However, EMX believes these results are reliable and relevant.
歷史鑽探由Probe資源公司於1995年和1996年完成,並向昆士蘭地質調查報告。EMX尚未進行足夠的工作對這些結果進行符合NI 43-101監管,不應依賴這些結果直到它們被確認。但是,EMX相信這些結果是可靠和相關的。
Many Peaks also optioned the Mt Steadman project from EMX in 2023 and drilled two reverse circulation ("RC") drill holes on the property totaling 205 meters. Many Peaks reported an intercept of 8 meters averaging 2.63 g/t gold from 8 meters in RC drill hole MS041 (see Many Peaks news releases dated January 29 and 30, 2024). Many Peaks also completed additional soil sampling surveys, but identified gold anomalies were not followed up and the project was returned to EMX in mid-2024.
Many Peaks也在2023年從EMX處選擇了斯特德曼項目並在該物業上鑽探了兩口逆循環(「RC」)鑽孔,總計205米。Many Peaks報告了一口逆循環鑽孔MS041中8米處的平均2.63克/噸金的攔截結果(請參見Many Peaks於2024年1月29日和30日的新聞發佈)。Many Peaks還進行了額外的土壤採樣調查,但未跟進確定的金異常,該項目於2024年中旬歸還給EMX。
Queensland Gold Project: The 47,680 Ha Queensland Gold Project has been the site of historical mining and exploration activities for over a century. In the mid-1990's, the Boggy Creek gold prospect was explored by CRA Exploration and North Ltd (both precursor companies to what is now Rio Tinto Exploration Pty Limited ("RTZ"). Drilling by CRA and North Ltd intercepted long intervals (i.e., >25 meters) of gold mineralization associated with quartz vein stockworks in rhyolitic-dacitic intrusions, typical of IRGS systems. Several of the historic CRA and North Ltd holes ended in mineralization.
昆士蘭黃金項目擁有47,680公頃的昆士蘭黃金項目已有一個多世紀的歷史採礦和勘探活動。在1990年代中期,博基溪金礦前景曾由CRA勘探公司和北方有限公司(現爲力拓勘探私人有限公司('RTZ')的前身公司)勘探過。CRA和北方有限公司的鑽探穿插了與流紋岩-閃長巖侵入岩中石英脈體系相聯繫的金礦化長間隔(即超過25米),這是IRGS系統的典型特徵。歷史上CRA和北方有限公司的幾口鑽孔在礦化區段結束。
In terms of historical production, gold was discovered at Monal Creek in 1891, leading to the development of the Monal Goldfields in the northwest portion of the EMX license. This area is marked by historical shafts, adits, mine dumps and processing sites, where gold mineralization was present in multiple parallel quartz vein reefs. Eight reef deposits were discovered and mined, with the gold mineralization appearing to extend for several kilometers along strike.
從歷史生產角度看,1891年在Monal Creek發現了黃金,導致EMX許可證的西北部發展了Monal Goldfields。該地區以歷史井筒、水平巷道、礦山堆放區和加工場地爲特徵,金礦化出現在多個平行石英脈礦脈中。發現並開採了八個脈石礦牀,金礦化似乎沿走向延伸了數公里。
Many Peaks optioned the Queensland Gold project from EMX in 2020 and executed several exploration programs on the project. Many Peaks drilled twelve RC holes at Boggy Creek totaling 1,806 meters, and six additional reconnaissance drill holes elsewhere on the property (totaling 531 meters). Many Peaks also conducted various rock-chip, soil, auger and air core sampling programs at various locations on the property. On June 7, 2022, Many Peaks announced drill results from the Boggy Creek program that included intercepts of 7 meters averaging 2.04 g/t from 13 meters in drill hole BCRC003, 17 meters averaging 0.75 g/t from 10 meters in drill hole BCRC005 and 11 meters averaging 0.53 g/t from 73 meters in drill hole BCRC0073 (see Many Peaks news release dated June 7, 2022).
Many Peaks於2020年從EMX獲得了昆士蘭金項目的期權,並在項目上執行了多個勘探項目。Many Peaks在Boggy Creek鑽探了12個旋轉鑽孔,共計1,806米,並在財產的其他地方進行了六個額外的勘探鑽孔(總計531米)。Many Peaks還在財產的各個位置進行了各種巖芯、土壤、螺桿和氣動鑽芯取樣項目。2022年6月7日,Many Peaks宣佈了來自Boggy Creek項目的鑽探結果,其中包括BCRC003號井段13米處7米平均2.04克/噸,BCRC005號井段10米處17米平均0.75克/噸,以及BCRC0073號井段73米處11米平均0.53克/噸(請參閱Many Peaks 2022年6月7日新聞發佈)。
More information on the Projects can be found at .
更多有關項目的信息可在此找到。
Comments on Historical Mineral Resources. The historical mineral resources at Yarrol and Mt Steadman were reported in 2010 by MGT Mining Ltd, which was a publicly traded Australian company (ASX: MGT) at the time of publication. Discussions of the projects and historic resources can be found at: . EMX has not done sufficient work to verify the historical resources and is not considering these resources to be current or compliant with NI43-101 standards. Additional drilling and sampling would be required to confirm the resources, but EMX considers the published historical estimates to be relevant and reliable.
對歷史礦產資源的評論。2010年,澳大利亞上市公司MGt Mining Ltd報告了Yarrol和Mt Steadman的歷史礦產資源(當時是公開交易的澳大利亞公司ASX: MGT)。項目和歷史資源的討論可以在下列位置找到:。EMX尚未進行足夠的工作以驗證歷史資源,並且並未將這些資源視爲符合NI43-101標準的現行資源。需要進行進一步的鑽探和取樣來確認資源,但是EMX認爲已發佈的歷史估計是相關且可靠的。
Comments on Nearby Mines and Deposits. The mines and deposits discussed in this news release provide context for EMX's projects, which occur in similar geologic settings, but this is not necessarily indicative that the Company's projects host similar styles, tonnages or grades of mineralization.
對附近礦山和存款的評論。本新聞發佈中討論的礦山和存款爲EMX項目提供背景,這些項目發生在類似地質環境中,但並不一定表明公司的項目具有相似的礦化方式、噸數或品位。
Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
本新聞發佈中提供的技術信息由Dr. Eric P. Jensen,CPG,是定義爲43-101號國家規定的有資格人員和本公司的僱員所審核、驗證和批准的。
About EMX. EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX". Please see for more information.
關於emx。EMX是一家專注於貴金屬和基本金屬版稅公司。EMX的投資者可以獲得發現、開發和商品價格選擇性,同時限制暴露於運營公司固有風險的風險。公司的普通股在紐約美國交易所和tsx創業公司交易所上市,代碼爲"EMX"。請參閱 獲取更多信息。
For further information contact:
有關更多信息,請聯繫:
David M. Cole
President and CEO
Phone: (303) 973-8585
Dave@EMXroyalty.com
David M. Cole
總裁和首席執行官
電話:(303) 973-8585
Dave@EMXroyalty.com
Isabel Belger
Investor Relations
Phone: +49 178 4909039
IBelger@EMXroyalty.com
Isabel Belger
投資者關係
電話:+49 178 4909039
IBelger@EMXroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
TSX Venture Exchange及其監管服務提供商(如TSX Venture Exchange政策中所定義的)不對此發佈的充分性或準確性負責。
Forward-Looking Statements
前瞻性聲明
This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
本新聞稿可能包含反映公司對未來業績的期望和預測的"前瞻性聲明"。這些前瞻性聲明可能包括關於資產的潛在價值、勘探結果和預算、礦藏儲量和資源估計、工作計劃、資本支出、時間表、戰略計劃、貴金屬和基本金屬市場價格等內容,或其他非事實性的聲明。在本新聞稿中使用"估計"、"打算"、"期望"、"預計"、"將會"、"相信"、"潛在"等詞語的用意是爲了識別前瞻性聲明,這些前瞻性聲明本質上並不代表公司未來的運營或財務表現的保證,並可能受到風險、不確定性和其他因素的影響,這些因素可能導致公司實際業績、表現、前景或機會與這些前瞻性聲明中所表達或暗示的有實質性差異。這些風險、不確定性和因素可能包括但不限於難以獲得融資、未能找到商業可行的礦藏儲備、大宗商品市值的波動、難以獲得礦山項目開發所需的批准、增加的監管合規成本、項目融資預期來自合資夥伴等因素。
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended June 30, 2024 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2023, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at and on the SEC's EDGAR website at www.sec.gov.
讀者應該謹慎對待這些前瞻性聲明,這些聲明僅代表新聞發佈日期或在此明確指示日期的觀點。由於風險和不確定性,包括本新聞發佈中確定的風險和不確定性,以及公司2024年6月30日結束的季度管理討論和分析報告("MD&A")中列出的其他風險因素和前瞻性聲明,以及最近提交的截至2023年12月31日年度信息表("AIF"),實際事件可能與當前預期有實質性差異。有關公司的更多信息,包括MD&A、AIF和公司的財務報表,可在SEDAR網站和美國證券交易委員會(SEC)EDGAR網站www.sec.gov上獲取。
Notes: Mt Rawdon production data from Evolution Mining: . Mt Morgan production data from Mt. Morgan: A. Taube; The Mount Morgan gold-copper mine and environment, Queensland; a volcanogenic massive sulfide deposit associated with penecontemporaneous faulting. Economic Geology; 81 (6): 1322-1340. Cracow historic production data from Aeris Resources web page for the Cracow Operation: .
備註:Evolution Mining提供的Mt Rawdon生產數據。Mt Morgan生產數據源自Mt.Morgan礦山:A.Taube所著《昆士蘭的夢幻金-銅礦和環境;一座與近同時期斷層有關的火山成因大型硫化物礦牀。經濟地質學;81(6):1322-1340。Cracow歷史生產數據來自Aeris Resources網頁上的Cracow Operation。
譯文內容由第三人軟體翻譯。