Location and outline of Wadderin and Lake Grace Exploration Projects

Wadderin Earn-In Agreement

  • Gold Road can earn a 51% interest in the Wadderin Project by spending A$1.6 million within 30 months
  • After the initial earn-in, Gold Road can elect to earn a further 24% interest (75% in total) by spending a further A$900,000 (A$2.5 million in aggregate) over a further 18 months (4 years in aggregate)
  • Gold Road can withdraw from the earn-in after spending a minimum of A$900,000 within 18 months.

Lake Grace Earn-In Agreement

  • Gold Road can earn a 51% interest in the Lake Grace Project by spending A$700,000 within 30 months
  • After the initial earn-in, Gold Road can elect to earn a further 24% interest (75% in total) by spending a further A$500,000 (A$1.2 million in aggregate) over a further 18 months (4 years in aggregate)
  • Gold Road can withdraw from the earn-in after spending a minimum of A$400,000 within 18 months.