Option Terms

Golden Ridge can earn 100% interest in the Royalle Property by issuing 480,000 common shares and $160,000 in cash to the property vendors and by incurring exploration work on the Property of $580,000 over the term of the agreement.

Share Payments

Cash Payments

Exploration Requirements

There is a 2.5% NSR royalty in favour of the vendors or which 1% is purchasable by Golden Ridge for $1.7 million any time prior to the commencement of commercial production. In addition, the Vendors will receive an additional $150,000 on completion of a positive feasibility study and an addition $250,000 upon achievement of commercial production.