Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia
Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia
Halifax, Nova Scotia--(Newsfile Corp. - May 23, 2024) - Antler Gold Inc. (TSXV: ANTL) ("Antler" or the "Company") is pleased to announce that its subsidiary, Antler Gold Namibia (Pty) Ltd ("Antler Nam"), has signed a binding Letter Of Intent ("LOI") with Fortress Asset Management LLC ("Fortress" or the "Optionee"), an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to 100% interest in the Company's Erongo Central Gold Project (the "Project") over a three-year period for total consideration of US$ 5.5 million and incurring US$ 6.0 million of exploration expenditures and issuing Antler a 2% net smelter return ("NSR") across the entire Project.
Halifax，新斯科舍省——（Newsfile Corp. - 2024年5月23日）——Antler Gold Inc.（TSXV: ANTL）（“Antler”或“公司”）很高兴宣布，其子公司Antler Gold Namibia（Pty）Ltd（“Antler Nam”）已与Fortress Asset Management LLC（“Fortress”或“受让方”）签署了一份有约束力的意向书（“LOI”）。根据协议，受让方将获得在三年内获得公司Erongo Central Gold Project（“该项目”）最多100％权益的权利，总代价为550万美元，承担600万美元的勘探费用，并向Antler提供2％的净冶炼返回（“NSR”）整个项目。
The Erongo Gold Project comprises four active Exclusive Prospecting Licenses (EPLs 6162, 7261, 6408, 8010) and one application (EPL 9534) totalling 19,514.44 hectares (~195 km2) in the South Central Zone of the Damara Belt, and is strategically located in a mining district contiguous to the 3.2 Moz Twin Hills Gold Project (Osino Resources-Yintai Gold Corp.) and QKR's Navachab Gold Mine. This potential has been confirmed through initial exploration completed by Antler from 2021, targeting the Kranzberg Gold Trend, a structurally controlled, metasediment-hosted hydrothermal gold system. Best historical rock chip assay results of high-grade gold include 80 g/t Au, 6 g/t Au, 5.4 g/t Au, and 4.45 g/t Au from showings occurring within the Project area. Antler's work includes:
Erongo Gold项目包括四个活跃的独家勘探许可证（EPLs 6162、7261、6408、8010）和一个申请（EPL 9534），总计19，514.44公顷（〜195公里2）在大马拉山脉南部中央地带，位于与3.2 Moz Twin Hills Gold Project（Osino Resources-Yintai Gold Corp.）和QKR的Navachab Gold Mine相邻的矿业区。这个潜力已通过Antler从2021年开始的初始勘探得到证实，该勘探针对Kranzberg Gold Trend，一种构造受控的、矿床寄主的水热金矿系统。项目区域内显示中含高品位金的岩石矿化物的最佳历史岩石芯片化验结果包括80克/吨Au，6克/吨Au，5.4克/吨Au和4.45克/吨Au。Antler的工作包括：
- Detailed geological mapping on areas with outcrop and known mineralisation;
- High-definition heliborne geophysical survey of 4,956-line kilometers over the entire project area to obtain high-resolution geophysical data (magnetic and radiometric) for target generation;
- 91 km of Induced Polarization geophysical surveys;
- 2,861 m Reverse Circulation ("RC") drilling which intersected favorable geological units, alteration assemblages, and precious metals mineralisation (1.2% Cu over 40 m (29 - 69 m) and 11.2 g/t Ag over 42 m (27 - 69 m) in hole C1L14-4-3B, and 1.5 g/t Au over 11 m (11 - 22 m) in hole C1L14-4-3); and
- 6,557 soil and calcrete samples.
- 对有露头和已知矿化的地区进行详细的地质绘图；
- 在整个项目区域进行高清晰度的直升机地面勘测，以获取高分辨率的地球物理数据（磁性和辐射性）以进行目标生成；
- 91公里的感应极化地球物理勘测；
- 2,861 m反循环（“RC”）钻探，与有利的地质单元、变质集合体和贵金属矿化物相交（孔C1L14-4-3B中的1.2％Cu在40 m（29-69 m）和42中的11.2 g/t Ag - 69 m）中的69 m）和横穿孔（1.5克/吨Au在11m（11-22m）中的C1L14-4-3号孔）；和
- 6,557个土壤和钙结核样品。
For further details please see News Releases dated April 22, 2020, May 14, 2020, May 27, 2020, June 23, 2020, May 3, 2021, and August 4, 2021.
有关详细信息，请参见新闻发布日期为2020年4月22日、2020年5月14日、2020年5月27日、2020年6月23日、2021年5月3日和2021年8月4日的新闻发布。
The Project hosts approximately 30 kilometers of prospective magnetic conductors underlying Quaternary sediment cover identified from the heliborne geophysical survey in 2021. These have not yet been systematically targeted, and drill tested during previous exploration efforts.
该项目主机大约30公里的潜在磁性导体，位于2021年的直升机地面勘测中识别的第四扑覆盖下。这些尚未得到系统瞄准，也未在先前的勘探工作中进行钻孔测试。
Key Terms of the Agreement
Pursuant to the terms of the Agreement, the Optionee shall have the right to earn a 100% interest in the Project for consideration consisting of a series of cash payments, the issuance of common shares following completion of a going public transaction, and incurring exploration expenditures, as follows:
协议的关键条款
根据协议条款，受让方将有权获得该项目100％的权益，以现金支付一系列货款，在完成公开交易后发行普通股，并承担勘探支出，如下所示：
| Cash (US$) | Consideration Shares (US$) |
Exploration Expenditure (US$) |
Interest Earned | |||||||||
| On signing binding LOI | 25,000 | |||||||||||
| Definitive Option Agreement 45 Days post signing LOI |
25,000 | |||||||||||
| Upon listing on International Stock / Securities Exchange |
2,000,000 | |||||||||||
| 12 Months post signing of Definitive Option Agreement |
250,000 | 1,000,000 | ||||||||||
| Total (First Option) | 300,000 | 2,000,000 | 1,000,000 | 60% | ||||||||
| 24 month anniversary post signing of Definitive Option Agreement |
500,000 | 1,000,000 | 2,000,000 | |||||||||
| Total (Second Option) | 500,000 | 1,000,000 | 2,000,000 | 80% | ||||||||
| 36 month anniversary post signing of Definitive Option Agreement |
700,000 | 1,000,000 | 3,000,000 | |||||||||
| Total (Third Option) | 700,000 | 1,000,000 | 3,000,000 | 100% | ||||||||
| Grand Total | 1,500,000 | 4,000,000 | 6,000,000 | 100% |
| 现金（美元） | 认股权证明书 - |
勘探 开支（美元） |
所赚得的利息 | |||||||||
| 签署有约束力的LOI | 25,000 | |||||||||||
| 45天明确选择协议 发表LOI以后 |
25,000 | |||||||||||
| 在国际股票上市后 证券交易所 |
2,000,000 | |||||||||||
| 签署最终协议后12个月 期权 |
250,000 | 1,000,000 | ||||||||||
| 总计（第一选择） | 300,000 | 2,000,000 | 1,000,000 | 60% | ||||||||
| 签署最终选择协议24个月周年纪念日 明确选择协议 |
500,000 | 1,000,000 | 2,000,000 | |||||||||
| 总计（第二选择） | 500,000 | 1,000,000 | 2,000,000 | 80% | ||||||||
| 签署明确选择协议36个月周年纪念日 明确选择协议 |
700,000 | 1,000,000 | 3,000,000 | |||||||||
| 总计（第三选择） | 700,000 | 1,000,000 | 3,000,000 | 100% | ||||||||
| 总计 | 1,500,000股股权奖励。 | 4,000,000 | 6,000,000 | 100% |
Antler will act as the operator during the option period and will be entitled to charge a management fee of 10% of expenditures incurred on the Project.
期权期间应由Antler担任运营商，并有权对项目发生的支出收取管理费，该费用为支出的10%。
A Special Purpose Vehicle will be formed at the start of option period, as defined in the Agreement. The Company will be granted a 2% NSR royalty on the entire Project. Following the execution of the Agreement, Fortress will prepare the Definitive Agreement within 30 business days.
特殊目的工具将在协议所定义的期权期间开始时成立。公司将获得整个项目的2%净销售收入税。在签署协议后30个工作日内，Fortress将准备最终协议。
Figure 1: Map showing the Erongo Gold Project area EPLs and locations of the neighboring Twin Hills Gold Project (Osino Resources-Yintai Gold Corp.) and QKR's Navachab Gold Mine.
图1：显示Erongo Gold项目区域EPL和相邻的Twin Hills Gold项目（Osino资源-Yintai Gold Corp.）和QKR的Navachab Gold矿区的地图。特斯拉-地图
Qualified Person
资格人员
The technical and scientific information in this presentation has been reviewed and approved by Mr. Oliver Tors, B.Sc (Hons)., Exploration Manager of the Company, who is registered as Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP) (Pr. Sci. Nat. No. 120660) and is a Qualified Person as defined by NI 43-101. Mr. Tors is an employee of Antler Gold Inc. and is not independent of the Company under NI 43-101.
本演示文稿中的技术和科学信息已由公司勘探经理、注册南非自然科学理事会专业自然科学家（SACNASP）（Pr. Sci. Nat. No. 120660）Oliver Tors先生审查并获得批准，并根据NI 43-101定义为合格人员。Tors先生是Antler Gold Inc.的员工，并非NI 43-101下独立于公司的人员。
About Antler Gold Inc.
关于Antler Gold Inc。
Antler Gold Inc. (TSXV: ANTL) is a Canadian listed mineral exploration company focused on the acquisition and exploration of mineral projects in Africa's Top-Ranked Jurisdictions, with exposure to both gold and Rare Earth Elements. The Company continues to assess new regional opportunities with the aim of building a risk diversified business model, which allows the company to generate short and long- term income whilst providing stakeholders with exposure to potential multiple returns that are generated from the discovery process.
Antler Gold Inc.（tsxv:ANTL）是一家加拿大上市的矿产勘探公司，专注于在非洲排名前列的司法管辖区内收购和勘探矿产项目，涉及黄金和稀土元素。公司继续评估新的区域机会，旨在建立风险分散的商业模式，该模式允许公司产生短期和长期收益，同时为利益相关者提供潜在的多重回报，这些回报是从发现过程中产生的。
Cautionary Statements
注意事项
This press release may contain forward-looking information, such as statements regarding the completion of the transactions subject to the Option Agreement and future plans and objectives of Antler and its subsidiaries, Antler Gold Namibia and others in relation to the Project. This information is based on current expectations and assumptions (including assumptions in connection with the continuance of the applicable company as a going concern and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict, including risks relating to the ability to satisfy the conditions to completion of the transactions contemplated by the Option Agreement. Actual results may differ materially from results suggested in any forward-looking information. Antler assumes no obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in filings made by Antler with Canadian securities regulators, copies of which are available at .
本新闻稿可能包含前瞻性信息，如有关完成根据选择权协议的交易和Antler及其子公司（Antler Gold Namibia等）与该项目相关的未来计划和目标的声明。此信息基于当前的期望和假设（包括与适用公司作为经营实体和一般经济和市场条件有关的假设），有着重大的风险和不确定性，难以预测，包括有关满足选择权协议中所 contemplat的交易完成条件的能力的风险。实际结果可能与任何前瞻性信息中所建议的结果有所不同。Antler假设无法更新此发布中的前瞻性信息，或更新实际结果可能与反映在前瞻性信息中的结果不同的原因，除非要求适用的证券法规。有关风险和不确定性的详细信息，请参阅Antler向加拿大证券监管机构提交的文件副本，这些文件可在 .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange和其规制服务提供方（该术语在TSX Venture Exchange政策中有定义）均不对本发布的充分性或准确性负责。
For further information, please contact Chris Drysdale, CEO of Antler Gold Inc. at +264 81 220 2439 or email at chris@antlergold.com
欲了解更多信息，请联系Antler Gold Inc.的CEO Chris Drysdale，电话+264 81 220 2439，电子邮件chris@antlergold.com。