Goliath Resources Limited (TSXV: GOT, OTCQB: GOTRF, Frankfurt: B4IF) has amended its property option agreement with The J2 Syndicate and J2 Syndicate Holdings Ltd., allowing the Company to accelerate its ownership of the Golddigger Property in British Columbia’s Golden Triangle from 49% to 100%. As part of the amended terms, the net smelter return (NSR) royalty held by the Syndicate will be reduced from 3% to 2%.
Consideration for the transaction includes the issuance of 3,000,000 Goliath common shares, without warrants, to be delivered to the Syndicate no later than 15 March 2026. The amendment remains subject to TSXV approval. The Golddigger Property hosts the high‑grade Surebet gold discovery.
The amended agreement includes several additional changes:
- Goliath must now publish a Maiden Resource Estimate (MRE) for the Golddigger Property on or before 1 June 2030, with updates every three years thereafter. The previous requirement was to publish the MRE by 1 June 2027.
- The Company will pay the Syndicate US$1 for every gold‑equivalent ounce above 4M ounces in the MRE. Previously, the agreement required a US$1 million payment plus US$1 per ounce above 2M ounces.
- In the event of a change of control before the MRE is published, the acquiring company would assume Goliath’s obligations under the amended agreement. The MRE would then be due within three years of the transaction’s completion, and the exemption for the first 4M gold‑equivalent ounces would be removed.
The revised structure increases Goliath’s long‑term ownership, simplifies the royalty burden, and aligns milestone timelines with the scale and development path of the Golddigger Property.
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