Two years after the start of Barrick's earn-in, April 24 of this year marked the halfway point for Lake Victoria's Tembo Project. Barrick now has two years remaining to complete the earn-in of the licenses. As a reminder: The Tembo project originally comprised seven prospecting licenses adjacent to Barrick Gold's Bulyanhulu mine in the Lake Victoria goldfield in Tanzania. On December 7, 2021, the company and Barrick Gold and Bulyanhulu Gold Mine Limited ("Barrick") entered into an agreement in which the company agreed to sell six of its non-core prospecting licenses in the Tembo project to Barrick. Barrick also agreed to conduct exploration work with minimum expenditures totaling $9,000,000 on the non-core licenses over a period of four years.