Strategic Alliance with Barrick
•The Alliance: Reunion and Barrick formed a 50-50 alliance to jointly explore for, develop and mine mineral projects in the Guiana Shield. The NW Extension Project in Suriname is currently the only project in the Alliance.
•Operatorship: Reunion manages all Alliance projects during the exploration phase; Barrick to manage during the feasibility stage.
•Designated Projects: Exploration is funded on a 50:50 basis between Reunion Gold and Barrick. Once a project is ‘Designated’ by Barrick, Barrick will manage and solely fund the project through to feasibility. Following completion of a feasibility study, Barrick’s interest in the Designated Project will increase to 70% (Reunion 30%).