Why Smart Money Is Piling Into the Beatty Gold District — And Augusta Gold (TSX: G) Is First in Line

Augusta Gold Corp. (TSX: G) is at the forefront of the Beatty Gold District in Nevada, alongside AngloGold Ashanti (NYSE: AU), one of the largest gold producers in the world. Together, they are shaping what could become North America’s most prolific new gold mining region.

The Beatty Gold Boom

AngloGold Ashanti has poured over $700 million into consolidating the Beatty District, including the Silicon, Merlin, and North Bullfrog projects. Their current 20.7 million ounce resource base includes:

Silicon: 3.4Moz M&I (brand new discovery made by AngloGold Ashanti)
Merlin: 12.1Moz Inferred (brand new discovery made by AngloGold Ashanti largest U.S. gold discovery in 15+ years)
Silicon+Merlin Combined = Expanded Silicon Gold Project
North Bullfrog: 1.08Moz P&P Reserve Feasibility-stage project

Triple Flag’s April 2025 Acquisition of Orogen Royalties Valued Orogen’s 1% NSR in Expanded Silicon at US$250M Making it the Most Expensive 1% NSR in Gold Mining History

The largest 1% Net Smelter Return (NSR) royalty transaction in gold mining history is the recent acquisition by Triple Flag Precious Metals of Orogen Royalties’ 1.0% NSR royalty in the Expanded Silicon Gold Project. This deal, announced in April 2025, was valued at approximately US$310 million and valued the 1% NSR in Expanded Silicon at US$250 million. This makes the Expanded Silicon Gold Project worth an estimated US$5 billion, and it is directly adjacent to Augusta Gold’s Reward and Bullfrog Gold Projects.

Augusta Gold’s Edge: First Mover Advantage

While AngloGold awaits permits, Augusta Gold already has a fully permitted project – the Reward Mine – ready to begin construction in 2025. With its strategic location and low-cost development plan, Reward could become the district’s first new gold producer in decades.

Reward Project Highlights

Reserves: 370,000 oz Au at 0.86 g/t
Feasibility Study: Avg. 39,000 oz/year for 7.6 years
NPV (at $3,200 Au): US$273.3M
Status: Fully permitted and construction-ready

The Bullfrog Advantage

Located just 4 miles from Beatty, Nevada, the Bullfrog Project is Augusta’s flagship asset, previously owned by Barrick Gold. Now in Augusta’s hands, Bullfrog is advancing rapidly.

Bullfrog Project Snapshot

Resources: 1.2Moz Au M&I at 0.53 g/t, 258koz Inferred
Past Production: 2.3Moz Au
Production Potential: 150,000 oz/year by 2027 (Combined Reward+Bullfrog)

Synergies Make Augusta Gold a Takeover Target

Augusta Gold’s proximity to AngloGold Ashanti’s Expanded Silicon Gold Project makes it a takeover target. AngloGold Ashanti (AU) is the most likely buyer of Augusta Gold (TSX: G), but Kinross Gold (KGC) could also be a potential acquirer of the company. Kinross has a strong operational presence in Nevada, notably with its Round Mountain and Bald Mountain mines. The company’s expertise in open-pit, heap-leach operations aligns well with Augusta Gold’s Reward and Bullfrog projects, both of which are designed to become open-pit, heap-leach gold mines.

Management That Delivers

Augusta Gold CEO Donald Taylor discovered Arizona Mining’s Taylor Deposit leading to a $2.1 billion cash takeover by South32 for 1,576% above NIA’s Arizona Mining suggestion price.

Augusta Gold Executive Chairman Richard Warke consistently creates huge returns for shareholders achieving $4.5 billion in exits over the last 15 years.

Former U.S. House Speaker John Boehner is on Augusta Gold’s Board of Directors.

Why Now?

Gold above $3,000/oz (and trending toward $4,000) makes Reward extremely economic
AngloGold is targeting 300,000 oz/year in the district
With Augusta’s output, Beatty could hit 450,000 oz/year
Permits secured — Augusta can start building before AngloGold

With permits in place, construction ready to begin, and a district poised for multi-decade gold production, Augusta Gold (TSX: G) offers investors rare leverage to the next great U.S. gold boom.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 232,200 shares of G and may purchase more shares. This message is meant for informational and educational purposes only and does not provide investment advice.