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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
B2GOLD CORP COM 11777Q209   9,231,507 2,986,986 SH   SOLE   2,986,986 0 0
GALIANO GOLD INC COM 36352H100   46,921,057 32,880,763 SH   SOLE   32,880,763 0 0
GRAN TIERRA ENERGY INC COM 38500T200   12,989,095 2,071,626 SH   SOLE   2,071,626 0 0
INTEGRA RES CORP COM 45826T509   8,592,085 8,803,463 SH   SOLE   8,803,463 0 0
KOSMOS ENERGY LTD COM 500688106   33,060,109 8,203,501 SH   SOLE   8,203,501 0 0
OSISKO DEVELOPMENT CORP COM NEW 68828E809   3,444,280 1,606,335 SH   SOLE   1,606,335 0 0
SPROTT PHYSICAL GOLD TR UNIT 85207H104   2,683,496 131,673 SH   SOLE   131,673 0 0
VIZSLA SILVER CORP COM NEW 92859G608   11,473,781 5,991,600 SH   SOLE   5,991,600 0 0
ELDORADO GOLD CORP NEW COM 284902509   17,185,461 989,376 SH   SOLE   989,376 0 0