Shares, Royalties and Payments

Over the years, Millrock has generated numerous projects that it has optioned to quality partners to advance and explore. With each of the projects, Millrock retains a royalty interest and is entitled to milestone payments. Below is a high-level summary of these payments, royalties, and other assets.

Shares:

Polar X (ASX: PXX): 10,000,000 shares
Sojourn Exploration (TSXV:  SOJ): 9,623,417 shares
Riverside Resources (TSXV: RRS): 100,000 shares
 

Royalties:

Alaska Range (porphyry and skarn, Alaska): 

1% NSR, AMR Payment ($20K annually beginning in 2019, escalates annually) and Milestone of $1 million if a certain size resource is delineated.

AMR Payment Schedule:

  • $20,000 due on March 31, 2019

  • $25,000 March 31, 2020

  • $30,000 March 31, 2021

  • And continued annually, increased by $5000 each year until the 5th anniversary of the commencement of commercial production.

Milestone Payment:

14.1 Gold. If Payor or its successors or assigns establishes an Indicated Resource of one million ounces of gold within the Property at any time on or before December 31, 2032, Payor will pay to the order of Payee the sum of $1,000,000.

14.2. Copper or Copper Equivalent. If Payor or its successors or assigns establishes an Indicated Resource of one million tonnes of contained copper or copper equivalent within the Property at any time on or before December 31, 2032, Payor will pay to the order of Payee the sum of $2,000,000.

Violeta (gold, Mexico):

0.5% NSR payable by Riverside Resources.

Todd Creek (porphyry, VMS, epithermal, BC): 

2% (1.5% on certain portions) buyable down to 1% for $1 million.

Oweegee Dome: (porphyry, BC):

2% (1.5% on certain portions) buyable down to 1% for $1 million.

Willoughby:(high grade gold silver vein and skarn)

2% with 1% buyable to 1% for $1 million. 

Below is a list of projects Millrock has sold and retains a royalty and payments on:

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Alaska Range Project

Gold, Alaska

Sold in 2017 to PolarX Ltd for shares.

Millrock is exploration operator and is entitled to milestone payments and a royalty.

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Oweegee Dome

Gold, Golden Triangle, BC

Sold in 2018 to Sojourn Exploration for shares.

Millrock is exploration operator and is entitled to milestone payments and a royalty.

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Todd Creek

Gold, Golden Triangle, BC

Sold in 2018 to Sojourn Exploration for shares.

Millrock is exploration operator and is entitled to milestone payments and a royalty.

Willoughby

Gold, Golden Triangle, BC

Sold in 2018 to Sojourn Exploration for shares.

Millrock is exploration operator and is entitled to milestone payments and a royalty.