Corporate Presentation
OUR STRATEGIC ALLIANCE
Barrick Gold Corp. is solely funding our projects through the completion of bankable feasibility ("BFS") in
order to earn a 75% interest
ā Barrick requires projects to have the potential to host either a Tier 1 (> 5M ounces with annual production
of .5M ounces of gold) or Tier 2 (>3M ounces with annual production of .3M ounces of gold for 10 years)
ore body to advance under our alliance
ā Barrick has provided funding of US$10.6M for these activities, to date
Initial Evaluation Phase
Second Evaluation
Phase
Identification of a
Designated Project
Upon completion of a
PFS
Completion of a BFS
a
Barrick will earn a
51% interest and may
elect to sole fund a
Designated Project to
a BFS
2 PROJECTS | 3 EXTENSIONS
Barrick sole funds an
Initial 2-year Evaluation
Phase of each project
Japan Gold manages
each project, subject
to Barrick's right to
become the Manager
of a project
6 PROJECTS
Barrick sole funds a
3-year Second
Evaluation Phase on
six projects which
meet the Barrick
criteria of a potential
to host a Tier 1 or
Tier 2 ore body
as
Barrick may identify a
project
Designated Project at
any time during the
First or Second
Phase, and Barrick
may elect to sole
fund the completion
of a pre-feasibility
study
8 Japan Gold Corp. | Corporate Presentation | September 2023
Barrick interest will
increase to 75% upon
solely funding a
project through to a
BFS
Japan Gold will be
carried
through
completion of the
BFS and retain 25%
interest in the project
JAPAN
GOLD
CORP.View entire presentation