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Royalties

  • GGL retains two Royalty agreements with Mountain Province Diamonds (formerly Kennady Diamonds Inc., business combination completed April 13, 2018).
    • Royalties are within 2 to 15km of the Gahcho Kue Diamond Mine.
    • Royalties are on trend with Gahcho Kue Mine and the Kelvin-Faraday corridor.
    • 2013 Royalty 1.5% (0.5% buyback $2M) on 9 mineral leases covering 5,051 hectares.
    • 2016 Royalty 0.75% (0.25% buyback $1M) on 6 mineral leases covering 4,232 hectares.
    • 2013 Royalty includes the significantly diamondiferous Doyle kimberlite.
  • 2% Net Returns Royalty (“NR”) on the Bishop lease subject to a buy-back right at any time prior to commencement of production of one-half of the 2% NR, being 1% for $1,000,000

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