1.0% NSR royalty on all ground acquired within the Alliance AOI
The Alliance will focus on a 50 by 80 kilometre regional AOI within the Austin-Lovelock Gold Trend. The AOI covers a large region of lower plate rocks and Paleozoic normal faults, including extensions of the Roberts Mountain thrust, which are some of the principal controls on gold deposits found approximately 40 kilometres to the northeast in the Carlin and Battle-Mountain Trend. An increased understanding of the controls on Eocene magmatism in Nevada places the Alliance in an exciting frontier of Carlin gold exploration.
On August 11, 2021 Orogen Royalties announced it had signed a three-year partner-funded generative exploration alliance in Nevada with Meridian Gold Company, a wholly owned subsidiary of Yamana Gold Inc.
Under the terms of the Alliance Agreement, generative exploration will be conducted within a 4,000 square kilometre area of interest (“AOI”) in Nevada. Projects staked within the AOI and selected by Meridian will be subject to similar earn-in terms as the Option Agreement. Orogen will retain a 1% NSR royalty on ground acquired within the Alliance Agreement AOI.
Under the terms of the Alliance Agreement, Meridian, at its discretion, will fund generative exploration programs operated by Orogen within a 4,000 square kilometre AOI in Nevada, for a three -year period. Properties staked by Orogen and selected by Meridian will be subject to the same earn-in terms as described in the Option Agreement. Orogen will retain a 1% NSR royalty on all ground acquired within the Alliance AOI, with no buy-down.