Strategic Alliance with Barrick Gold Corp.
Barrick Gold Corp.
Strategic Alliance (commenced February 23, 2020)
Exclusive relationship for Japan: the Barrick Alliance covers the entire country and 29 out of 31 projects currently held by Japan Gold.
The area of the portfolio has increased 42% since the formation of the Barrick Alliance.
Excludes the Ikutahara Project in Hokkaido and the Ohra-Takamine Project in Kyushu
Initial
Evaluation
Phase:
Second
Evaluation
Phase:
Identification
of a
Designated
Project:
Upon
completion of
a PFS:
Completion of
a BFS:
TSXV: JG | OTCQB: JGLDF
Geochem: complete
Geophysics:
complete
Barrick is sole
funding an Initial
Evaluation Phase of
each project
(extended until
August 31, 2022).
Japan Gold will
initially act as
Manager of each
project, subject to
Barrick's right at any
time to become the
Manager of a project
Barrick will sole fund a
3-year Second
Evaluation Phase on
projects which meet
Barrick criteria
Barrick may identify a
project as a
Designated Project, at
any time during the
Initial Evaluation
Phase or the Second
Evaluation Phase,
which Barrick may
elect to sole fund to
completion of a pre-
feasibility study
("PFS")
Barrick will earn a 51%
interest and may elect
to sole fund a
Designated Project to
a bankable feasibility
study ("BFS")
Where Barrick has
elected to sole fund a
Designated Project
through to completion
of a BFS, Japan Gold
will be fully carried
through completion of
the BFS and retain a
25% interest in the
Designated Project
JAPAN
GOLD
CORP.
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