Dumont Nickel-Cobalt Royalty

Asset Overview

Dumont Highlights

• One of largest undeveloped, fully permitted and shovel ready nickel-sulphide deposits
• 2nd largest nickel reserve in the world; 9th largest cobalt in world
• Strategically located in the established Abitibi mining camp, in the mining-friendly province of Québec, Canada
• In close proximity to roads, rail, an airport, and low-cost power supply
• Open pit mine with a reserve life of 33 years
• Reserves of 6.1 billion lbs Ni ~6,900 Mlbs Ni in proven and probable reserve categories
• Annual production of 39kt Ni; when in production, Dumont expected to rank among top-five largest nickel sulphide operations in the world by annual production
• The mine will have no acid-generating rock or tailings, which has beneficial implications for environmental management.

Royalty Highlights

• Life-of-Mine 1.75% Net Smelter Returns (NSR) Royalty
• Repurchase option on 0.375% of the NSR Royalty for US$15 mm, exercisable in July 2019 or July 2020

Project Overview

The Dumont project - Dumont Nickel