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Sandstorm Gold Royalties Portfolio Drilling and Development Highlights
SANDSandstorm Gold .(SAND) Prnewswire·2025-03-12 20:25

Core Insights - Sandstorm Gold Ltd. is actively involved in various developments and exploration highlights within its diversified stream and royalty portfolio [1] Group 1: Erdene Resource Development Corp. - Erdene has secured a 50millionworkingcapitalfacilityfromtheDevelopmentBankofMongoliafortheBayanKhundiigoldproject[2]−ThecompanyexpectstoproduceitsfirstgoldfromtheBayanKhundiiprojectinmid−2025,withcommercialproductionanticipatedinthethirdquarterof2025[2][3]−Sandstormholdsa1.050 million working capital facility from the Development Bank of Mongolia for the Bayan Khundii gold project [2] - The company expects to produce its first gold from the Bayan Khundii project in mid-2025, with commercial production anticipated in the third quarter of 2025 [2][3] - Sandstorm holds a 1.0% net smelter returns (NSR) royalty on the Bayan Khundii project [3] Group 2: Lundin Gold Ltd. - Lundin Gold has reported high-grade drill results from the Fruta del Norte mine in Ecuador, including 173.98 g/t gold over 8.45 metres [7] - The near-mine drill program aims to extend the mine life by expanding mineral resources, with inferred mineral resources at FDNS estimated at 2.09 million ounces at an average grade of 5.25 g/t gold [6] - Sandstorm holds a 0.9% NSR royalty on the precious metals produced at the Fruta del Norte mine [9] Group 3: Entrée Resources Ltd. - Entrée has released significant assay results from drilling at the Hugo North Extension and Heruga deposit at the Oyu Tolgoi mine in Mongolia [10] - The highlighted drill results from the Heruga deposit include 409.9 metres grading 0.36% copper and 0.32 g/t gold [13] - Sandstorm has a copper and precious metal stream with Entrée, allowing it to purchase a percentage of the copper and gold produced [14] Group 4: Omai Gold Mines Corp. - Omai has reported significant assay results from its 2024 drill program at the Omai gold mine, including 4.48 g/t gold over 57 metres at the Wenot deposit [15][17] - The company plans to conduct an updated mineral resource estimate (MRE) and a preliminary economic assessment (PEA) in 2025 [16] - Sandstorm holds a 1.0% NSR royalty on the Omai gold mine [19] Group 5: Bonterra Resources Inc. - Bonterra has released high-grade assay results from the Moss target at the Phoenix JV, with Gold Fields restarting drilling at the project [20][24] - The project is under a joint-venture agreement with Gold Fields, which has spent approximately C16 million to date [21] - Sandstorm holds an NSR royalty ranging from 0.5% to 3.9% on portions of the Phoenix JV property [25]