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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
Estimated average burden
hours per response: 23.8
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
B2GOLD CORP COM 11777Q209   12,015,975 4,582,986 SH   SOLE   4,582,986 0 0
ELDORADO GOLD CORP NEW COM 284902509   11,959,162 849,976 SH   SOLE   849,976 0 0
GALIANO GOLD INC COM 36352H100   50,300,176 36,225,936 SH   SOLE   36,225,936 0 0
INTEGRA RES CORP COM 45826T509   4,933,357 6,957,866 SH   SOLE   6,957,866 0 0
KOSMOS ENERGY LTD COM 500688106   31,175,741 5,230,829 SH   SOLE   5,230,829 0 0
OSISKO DEVELOPMENT CORP COM NEW 68828E809   3,428,609 1,606,335 SH   SOLE   1,606,335 0 0
SPROTT PHYSICAL GOLD TR UNIT 85207H104   2,277,943 131,673 SH   SOLE   131,673 0 0
VIZSLA SILVER CORP COM NEW 92859G202   7,022,519 5,372,000 SH   SOLE   5,372,000 0 0