Paulsens (Merlin)

Australia, Western Australia

Gold

Royalty

Advanced royalty

2.5% GRR

Black Cat Syndicate

Cornerstone assets

✕ Lundin Mining, Chile

✕ Capricorn Metals, Australia, Western Australia

✕ Genesis Minerals, Australia, Western Australia

✕ Nevada Gold Mines, USA, Nevada

✕ Zijin Mining, Serbia