2021 Work Programs
Barrick Gold Corp.
Strategic Alliance (commenced February 23, 2020)
JAPAN
GOLD
CORP.
Exclusive relationship for Japan: the Strategic Alliance covers the entire country and 29 out of 31 projects
currently held by Japan Gold
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:
83% Complete
Barrick is sole
funding a 2-year
Initial Evaluation
Phase of each
project. 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
For more information please refer to the Company's February 24,2020 news release and the Company's filings on sedar.com
TSXV: JG | OTCQB: JGLDF
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