Carlin Trend Royalties

Overview

EMX holds a paying 1% gross smelter return royalty (the "Leeville royalty") over a portion of Newmont Mining Corporation's operations on the Northern Carlin Trend in Nevada, including the Leeville, Four Corners, Carlin East, Lantern, and Turf deposits. The Leeville royalty, which resulted from the acquisition of Bullion Monarch Mining in August, 2012, is a key EMX asset, with a history of multi-million dollar annual payments.

A significant development has been Newmont's completion of the ~$330 million capital expenditure Turf Vent Shaft Project in late 2015. Newmont has stated that the Project will provide the ventilation required to "increase production" and "unlock" additional resources at "greater Leeville" (see Newmont's 2014-2015 10-K and 10-Q filings), which includes portions of EMX's Leeville royalty position.

EMX's Maggie Creek South 3% NSR royalty covers nearly two square miles in the Carlin Trend's Maggie Creek gold mining district. In addition, EMX recently the acquired the Maggie Creek 2% NSR royalty. Together, these two royalty properties cover ~4.8 square miles of prospective ground along mineralized structural trends within ~ 1 mile of Newmont's prolific Gold Quarry mine.

EMX views the Carlin Trend royalties as underpinning assets in a growing royalty portfolio. The Leeville royalty provides a significant revenue stream flowing directly to the Company's bottom line. The Company's Carlin Trend royalty properties hold exceptional exploration upside.

The Carlin Trend royalty properties are complemented by EMX's acquisition of the Afgan 1% NSR royalty property on the Battle Mountain-Eureka Trend.


Carlin Trend: Maggie Creek Royalties
Leeville Turf Turf vent shaft