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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108   8,390,043 167,868 SH   SOLE   167,868 0 0
B2GOLD CORP COM 11777Q209   15,221,159 4,269,019 SH   SOLE   4,269,019 0 0
GALIANO GOLD INC COM 36352H100   13,696,445 22,664,193 SH   SOLE   22,664,193 0 0
NEWMONT CORP COM 651639106   27,416,643 642,678 SH   SOLE   642,678 0 0
NOVAGOLD RES INC COM NEW 66987E206   5,644,102 1,414,562 SH   SOLE   1,414,562 0 0
ORLA MNG LTD NEW COM 68634K106   19,879,058 4,733,075 SH   SOLE   4,733,075 0 0
PERPETUA RESOURCES CORP COM 714266103   18,200,052 4,967,676 SH   SOLE   4,967,676 0 0
SPROTT INC COM NEW 852066208   16,553,343 510,919 SH   SOLE   510,919 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   19,288,494 540,900 SH   SOLE   540,900 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   1,784,018 59,250 SH   SOLE   59,250 0 0
VISTA GOLD CORP COM NEW 927926303   10,357,730 19,922,544 SH   SOLE   19,922,544 0 0