Sprott Resource Alpha

Managed Accounts

Resource Exploration and Development Private Placement Fund

Team

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The Sprott Resource Alpha Separately Managed Account is a proprietary portfolio strategy managed by the Carlsbad Investment Committee. This team-based approach brings together senior portfolio managers and in-house technical advisors with decades of experience in precious metals and hard assets.

The primary objective of this portfolio is to provide long-term capital growth through investing in the precious metals sector while reducing volatility. The portfolio seeks to invest in companies which we believe are well managed and, in our view, have a high probability of success in being able to execute upon their planned vision:

• For exploration companies, the goal will be to establish a position in the early stages of the new discovery before the market fully appreciates the project’s potential.
• For development companies, the aim is to own companies which are seeking to mitigate the risk of their projects through successful permitting and economic studies, which are important milestones ahead of a mine being built.
• For producing assets, we will endeavor to identify companies who can potentially deliver lowest quartile operating costs and highest margin production worldwide. In our view, it is these businesses which have historically weathered the cyclical fluctuations in commodity prices and generated the most wealth for their shareholders.

The portfolio is invested internationally and consists of securities listed in the U.S. and multiple foreign exchanges, including but not limited to Australia, London and Canada.

• Quarterly Factsheet
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