T4

The T4 royalty asset covers a 1,950 hectare land position along the highly productive Coastal Mineral Belt in northern Chile. The T4 Property consists of a low hill, approximately 1 km across, surrounded by flat “pampas” made up of post-mineral colluvial and alluvial deposits. Late Jurassic volcanic rocks of the prospective La Negra Formation form the main outcrops on the T4 hill, and these have been extensively hydrothermally altered (silicification, argillic alteration and advanced argillic alteration) with associated characteristic red, earthy hematite. Specular hematite breccias occur within the Jurassic volcanic rocks at the base of the hill to the north, which have yielded highly anomalous values in gold. A significant magnetic anomaly underlies the altered outcrops, suggesting the presence of a large magnetite-rich body at shallow depths. Modelling of the magnetics data suggest a series of steeply dipping surfaces, which could represent the principal drill targets. The current property owner is Atacama Copper Exploration (“Atacama”), a private Canadian company, who agreed to spend U.S. $250,000 in exploration activities and drill test the property by Q4 2021. EMX acquired the 1.5% NSR royalty asset from Revelo Resources in 2020 (see EMX Press Release dated March 26, 2020).