# EDGAR Filing Document

**Accession Number:** 0001230869
**File Stem:** 0001049169-26-000039
**Filing Date:** 2026-1
**Character Count:** 52680
**Document Hash:** df64755895c2e8a0767b739a1ccf5924
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000039.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001049169-26-000039

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ASA Gold & Precious Metals Ltd
- **CENTRAL INDEX KEY:** 0001230869

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21650
- **FILM NUMBER:** 26563590

**BUSINESS ADDRESS:**
- **STREET 1:** APEX FUND SERVICES
- **STREET 2:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 207-347-2000

**MAIL ADDRESS:**
- **STREET 1:** APEX FUND SERVICES
- **STREET 2:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASA LTD
- **DATE OF NAME CHANGE:** 20070301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASA BERMUDA LTD
- **DATE OF NAME CHANGE:** 20030505

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ASA GOLD & PRECIOUS METALS LTD

- **b. Investment Company Act file number:** 811-21650

- **c. CIK number of Registrant:** 0001230869

- **d. LEI of Registrant:** 254900VOUR4617HGCL14

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 190 MIDDLE ST SUITE 101

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 2073472000

**Item A.2. Information about the Series.**

- **a. Name of Series:** ASA Gold and Precious Metals LTD Fund

- **c. LEI of Series:** 254900VOUR4617HGCL14

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1101995105.74

**Total Liabilities:** $1555154.10

**Net Assets:** $1100439951.64

**Cash Not Reported:** $4135553.57

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 21.71%               | 0.35%                | 14.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $38327220.51             | $115241332.93                              |
| Month 2  | $39119635.57             | $-329015.04                                |
| Month 3  | $13965748.15             | $105674838.22                              |

### Schedule of Portfolio Investments

| Name                                       | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                        | Minera Alamos Inc                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  55557900 | NS      | $16896566.96  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Westhaven Gold Corp                        | Westhaven Gold Corp.                               | CUSIP: 960350106<br>LEI: 2549006LQ1TAHZLTOF64 | Long             | EC               | CORP              | CA        |   5500000 | NS      | $688754.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Lotus Gold Corp. Warrants 02/16/2027               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   2200000 | NC      | $3148.59      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Bunker Hill Mining Corp. Warrants 02/09/2026       | CUSIP: BJM0JB4W3<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |   1250000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Q-Gold Resources Ltd.                      | Q-Gold Resources Ltd                               | CUSIP: BDFY2C3U2<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |  12000000 | NS      | $2404379.41   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Thesis Gold Inc                            | Thesis Gold, Inc.                                  | CUSIP: 883930109<br>LEI: 529900EDQ993Q6M6BH62 | Long             | EC               | CORP              | CA        |  13198758 | NS      | $17945286.20  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Q-Gold Resources Warrants                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   6000000 | NC      | $386418.12    | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| Americas Gold & Silver Corp                | Americas Gold & Silver Corp.                       | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |    642000 | NS      | $2862113.13   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Tier One Silver, Inc. Warrants                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |  25500000 | NC      | $583920.71    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| Barton Gold Holdings Ltd                   | Barton Gold Holdings, Ltd.                         | CUSIP: N/A<br>LEI: 984500B2B88B9509FF55       | Long             | EC               | CORP              | AU        |  10339579 | NS      | $7925540.62   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Tolu Minerals Ltd                          | Tolu Minerals, Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PG        |  25000000 | NS      | $21128559.92  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | LITHIUM AFRICA RESOURCES CORP - PRIVATE            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     72000 | NS      | $1440000.00   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Atex Resources Inc                         | Atex Resources, Inc.                               | CUSIP: 04681A105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |  10625000 | NS      | $18171490.93  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Silver Ltd                          | Andean Silver, Ltd.                                | CUSIP: N/A<br>LEI: 25490044GUNE4S2E6K11       | Long             | EC               | CORP              | AU        |    583333 | NS      | $729944.92    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Robex Resources Inc                        | Robex Resources, Inc.                              | CUSIP: 76125Y600<br>LEI: 529900UBILRW1I57HF58 | Long             | EC               | CORP              | CA        |  12900000 | NS      | $43709256.15  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Laurentian Mountain Warrants                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |   3500000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Midas Minerals Ltd                         | Midas Minerals, Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   6200000 | NS      | $1584150.63   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| San Cristobal Mining Inc.                  | San Cristobal Mining, Inc. Units                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    200000 | NS      | $3200000.00   | 0.29%             |  |  |  | No            |                  3 | On Loan: No      |
| Alicanto Minerals Ltd                      | Alicanto Minerals, Ltd.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  65150765 | NS      | $2283565.54   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogold Resources Inc.                      | GoGold Resources, Inc. Warrants                    | CUSIP: B60BNP0W2<br>LEI: 549300PNCGJ26Y676N19 | N/A              | DE               | CORP              | CA        |   2875000 | NC      | $1041003.26   | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| Red Pine Exploration Inc                   | Red Pine Exploration, Inc.                         | CUSIP: 75686Y702<br>LEI: 529900U8LGGUG3E2NC68 | Long             | EC               | CORP              | CA        |  18945090 | NS      | $2033535.01   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | LITHIUM AFRICA RESOURCES CORP - PRIVATE            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     70265 | NS      | $1407864.32   | 0.13%             |  |  |  | No            |                  3 | On Loan: No      |
| Pecoy Copper Corp                          | PECOY COPPER Corp.                                 | CUSIP: 70529A102<br>LEI: 984500E4Z2A4EBECED27 | Long             | EC               | CORP              | CA        |   3250000 | NS      | $2093098.14   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lux Metals Corp                            | Lux Metals Corp.                                   | CUSIP: 55067G108<br>LEI: 5299007I4RDS7RZ1TA02 | Long             | EC               | CORP              | CA        |    617500 | NS      | $70700.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ridgeline Minerals Corp                    | Ridgeline Minerals Corp.                           | CUSIP: 766087100<br>LEI: 529900ZN0PWN2EIUEE75 | Long             | EC               | CORP              | CA        |  11900000 | NS      | $2256610.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Geopacific Resources Ltd                   | Geopacific Resources, Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  75617820 | NS      | $1882556.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Nexus Minerals, Ltd. Units                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  36000000 | NS      | $1816073.43   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sable Resources Ltd                        | Sable Resources, Ltd.                              | CUSIP: 785713306<br>LEI: 3912006PLR1HF7YCRK43 | Long             | EC               | CORP              | CA        |  26160000 | NS      | $748792.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Candle Ltd.                           | GOLD CANDLE LTD-PRIVATE                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   4483209 | NS      | $8822372.71   | 0.80%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Discovery Silver Corp. Units                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   5398500 | NS      | $29823192.24  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Gold Corp                          | Liberty Gold Corp.                                 | CUSIP: 53056H104<br>LEI: 549300DY25855R7ZV117 | Long             | EC               | CORP              | CA        |  12482000 | NS      | $7324226.27   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Guanajuato Silver Co Ltd                   | Guanajuato Silver Co., Ltd.                        | CUSIP: 40066W106<br>LEI: 549300C1VGZKX7N1GH74 | Long             | EC               | CORP              | CA        |  24167000 | NS      | $8646821.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Ridgeline Minerals Corp. Warrants 05/07/2026       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1450000 | NC      | $90271.57     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Ridgeline Minerals Corp. Warrants 02/13/2027       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   4500000 | NC      | $112705.28    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | South Pacific Metals Corp. Warrants 02/03/2027     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1050000 | NC      | $3756.84      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Orla Mining, Inc. 4.50, 03/01/30 Convertible       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | CA        |  10010000 | PA      | $17726392.36  | 1.61%             | 2030-03-01      | Fixed         | 4.50%                 | No            |                  3 | On Loan: No      |
| N/A                                        | Bellavista Resources, Ltd. Units                   | CUSIP: BNNFYB1U2<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    789474 | NS      | $268956.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Mountain Resources Inc              | Silver Mountain Resources, Inc.                    | CUSIP: 828042507<br>LEI: 529900FZCY72N73U9N27 | Long             | EC               | CORP              | CA        |    866666 | NS      | $1953556.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | San Cristobal Mining, Inc.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2583332 | NS      | $41333312.00  | 3.76%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Investmin Resources                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  13030000 | NS      | $9324126.09   | 0.85%             |  |  |  | No            |                  3 | On Loan: No      |
| Andean Precious Metals Corp                | Andean Precious Metals Corp.                       | CUSIP: 03349X101<br>LEI: 254900ZH5MOB7VSCSG15 | Long             | EC               | CORP              | CA        |   1823200 | NS      | $11272280.22  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuerte Metals Corp                         | Fuerte Metals Corp.                                | CUSIP: 35958L101<br>LEI: 529900TQDM0BH3FAGJ98 | Long             | EC               | CORP              | CA        |   1800000 | NS      | $6182689.90   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna Mining                               | Magna Mining, Inc.                                 | CUSIP: 55925FAA0<br>LEI: 391200LYB0MF13ZWII58 | Long             | DBT              | CORP              | CA        |   4300000 | PA      | $4169379.94   | 0.38%             | 2029-03-05      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| N/A                                        | Monarch Mining Corp. Warrants 04/06/2027           | CUSIP: BNM54P6W2<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |   1700000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Integra Resources Corporation              | Integra Resources Corp                             | CUSIP: BRK42Y8W2<br>LEI: 529900MC191X8CY3P306 | N/A              | DE               | CORP              | CA        |    275000 | NC      | $728899.07    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lcl Resources Ltd                          | LCL Resources, Ltd.                                | CUSIP: N/A<br>LEI: 213800U3LCURRSJS5R56       | Long             | EC               | CORP              | AU        |  36750000 | NS      | $144460.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Signature Resources Ltd Warrants                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |  11500000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| G2 Goldfields Inc                          | G2 Goldfields, Inc.                                | CUSIP: 36256R105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   2550000 | NS      | $9069018.57   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Tiger Metals Inc                    | Silver Tiger Metals, Inc.                          | CUSIP: 82831T109<br>LEI: 2549009QDIU00MWT6U57 | Long             | EC               | CORP              | CA        |  22000000 | NS      | $12122079.50  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Resources Ltd                    | Signature Resources, Ltd.                          | CUSIP: 82670U308<br>LEI: 2549001KDYST60X3OE03 | Long             | EC               | CORP              | CA        |  23000000 | NS      | $1069805.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Metalla Royalty & Streaming Ltd            | Metalla Royalty & Streaming, Ltd.                  | CUSIP: 59124U605<br>LEI: 549300RPR0O774QEKV20 | Long             | EC               | CORP              | CA        |   3000000 | NS      | $22200000.00  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tier One Silver Inc                        | Tier One Silver, Inc.                              | CUSIP: 88651M108<br>LEI: 98450052DEED9G036371 | Long             | EC               | CORP              | CA        |  25500000 | NS      | $2280940.28   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Americas Gold & Silver Corp                | Americas Gold & Silver Corp.                       | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |  25037000 | NS      | $111164280.89 | 10.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Desert Gold Ventures Inc                   | Desert Gold Ventures, Inc.                         | CUSIP: 25039N408<br>LEI: 549300MQKAYD1XTYMJ96 | Long             | EC               | CORP              | CA        |  14569264 | NS      | $677664.43    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Cartier Resources, Inc. Warrants                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   6923100 | NC      | $317062.08    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Silver Mountain Resources, Inc. Warrants A         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    480750 | NC      | $108366.13    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Gorilla Gold Mines Ltd                     | Gorilla Gold Mines, Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   5263158 | NS      | $1448224.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Thesis Gold Inc                                    | CUSIP: BMGDNL8U2<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1666667 | NS      | $2266032.63   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cartier Resources Inc.                     | Cartier Resources, Inc. Units                      | CUSIP: N/A<br>LEI: 529900UC5WFH8T7VID35       | Long             | EC               | CORP              | CA        |   6923100 | NS      | $1065130.42   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Midas Minerals Ltd                         | Midas Minerals, Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    899865 | NS      | $229922.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Resource Corp                          | Max Resource Corp.                                 | CUSIP: 57772U307<br>LEI: 254900XET56T3KS7G591 | Long             | EC               | CORP              | CA        |   8200000 | NS      | $645461.38    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | LAURENTIAN MOUNTAIN RESOURCES-PREFERRED            | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   3640959 | NS      | $3640959.00   | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Gogold Resources Inc.                      | GoGold Resources Inc                               | CUSIP: N/A<br>LEI: 549300PNCGJ26Y676N19       | Long             | EC               | CORP              | CA        |   5750000 | NS      | $10739203.55  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellevue Gold Ltd                          | Bellevue Gold, Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    476320 | NS      | $413480.35    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Prodigy Gold Nl                            | Prodigy Gold NL                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  17366292 | NS      | $682650.67    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Culico Metals Inc                          | Culico Metals, Inc.                                | CUSIP: 22989Q101<br>LEI: 2549005B5ATUIJJB6L88 | Long             | EC               | CORP              | CA        |   1906250 | NS      | $327382.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Silver Corp                      | Discovery Silver Corp.                             | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |      1500 | NS      | $8286.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corp                     | Integra Resources Corp.                            | CUSIP: 45826T509<br>LEI: 529900MC191X8CY3P306 | Long             | EC               | CORP              | CA        |     62527 | NS      | $217901.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | SOUTHWEST CRITICAL MATERIALS B-PRIVATE             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  11250000 | NS      | $11250000.00  | 1.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Lahontan Gold Corp                         | Lahontan Gold Corp.                                | CUSIP: 50732M101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |  41259000 | NS      | $4871541.02   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Bendito Resources, Inc. VAR%, 04/30/25 Convertible | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200000.00   | 0.11%             | 2025-12-31      | Fixed         | 6.47%                 | No            |                  3 | On Loan: No      |
| Delta Lithium Ltd                          | Delta Lithium, Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  17412850 | NS      | $2509763.03   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Gunajuato Silver Co., Ltd. Warrants 10/30/2026     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   2083500 | NC      | $254949.01    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| South Pacific Metals Corp                  | South Pacific Metals Corp.                         | CUSIP: 83914U104<br>LEI: 9845009036F7F4558753 | Long             | EC               | CORP              | CA        |   2100000 | NS      | $901642.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Lahontan Gold Corp. Warrants 04/30/2027            | CUSIP: BLPP0T5W3<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |   2550000 | NC      | $125907.90    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Cygnus Metals, Ltd. Units                          | CUSIP: BFDB769U5<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   2806674 | NS      | $229848.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | FireFly Metals Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1052632 | NS      | $1289609.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Predictive Discovery Ltd                   | Predictive Discovery, Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        | 106183334 | NS      | $44174359.49  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prodigy Gold Nl                            | Prodigy Gold NL                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | AU        |   1937500 | NC      | $1269.35      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Carcetti Capital Corp                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  17325000 | NS      | $24795162.62  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Robex Resources, Inc. Units                        | CUSIP: BQXNZ24U2<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1607718 | NS      | $5635128.64   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Atex Resources Inc                                 | CUSIP: BJLHNG9U2<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1900000 | NS      | $3249490.14   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| B2gold Corp                                | B2Gold Corp.                                       | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |   2000000 | NS      | $9240000.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Magnetic Resources NL Units                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  11538462 | NS      | $9600455.16   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Pine Exploration Inc.                  | Red Pine Exploration, Inc. Warrants 07/08/2028     | CUSIP: BNGDW18W2<br>LEI: 529900U8LGGUG3E2NC68 | N/A              | DE               | CORP              | CA        |   3884868 | NC      | $63939.29     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Monarch Mining Corp                        | Monarch Mining Corp.                               | CUSIP: 609161104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   7300000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gold Candle Ltd.                           | SUA HOLDINGS LIMITED                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  10600000 | NS      | $15170.49     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Talisker Resources Ltd                     | Talisker Resources, Ltd.                           | CUSIP: 87425A887<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   2500000 | NS      | $2450892.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Roxmore Resources Inc                      | Roxmore Resources, Inc.                            | CUSIP: 780017109<br>LEI: 529900WXU2EXI7C00O27 | Long             | EC               | CORP              | CA        |   4800000 | NS      | $6629217.50   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corp                     | Integra Resources Corp.                            | CUSIP: 45826T509<br>LEI: 529900MC191X8CY3P306 | Long             | EC               | CORP              | CA        |   2500000 | NS      | $8749998.59   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Guanajuato Silver Company Ltd              | Guanajuato Silver Co Ltd Warrants                  | CUSIP: BMDM727W2<br>LEI: 549300C1VGZKX7N1GH74 | N/A              | DE               | CORP              | CA        |  10000000 | NC      | $701277.33    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| Onyx Gold Corp                             | Onyx Gold Corp.                                    | CUSIP: 68339G103<br>LEI: 529900LI2BU0WQI1I448 | Long             | EC               | CORP              | CA        |    675000 | NS      | $763175.78    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Newcore Gold Ltd                           | Newcore Gold, Ltd.                                 | CUSIP: 65118M103<br>LEI: 894500A52BE2PYANBI95 | Long             | EC               | CORP              | CA        |   7040000 | NS      | $3224158.29   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| G Mining Ventures Corp                     | G Mining Ventures Corp.                            | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   5200000 | NS      | $123278829.30 | 11.20%            |  |  |  | No            |                  1 | On Loan: No      |
| New Found Gold Corp                        | New Found Gold Corp.                               | CUSIP: 64440N103<br>LEI: 98450056568BF2A90783 | Long             | EC               | CORP              | CA        |   2350000 | NS      | $5566209.88   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Silver Mountain Resources, Inc. Warrants B         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    480750 | NC      | $173385.81    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Pan Global Resources Inc                   | Pan Global Resources, Inc.                         | CUSIP: 69806A108<br>LEI: 54930008OSFWQ6KCRG64 | Long             | EC               | CORP              | CA        |   6350000 | NS      | $727038.53    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Red Pine Exploration Inc                           | CUSIP: BNGDW18U3<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |  10091957 | NS      | $1083254.18   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd                            | Orla Mining, Ltd.                                  | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |   6200000 | NS      | $87420000.00  | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ballard Mining Ltd                         | Ballard Mining, Ltd.                               | CUSIP: N/A<br>LEI: 529900ZNIAHYGAP1M324       | Long             | EC               | CORP              | AU        |   2033793 | NS      | $892733.29    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                          | Equinox Gold Corp.                                 | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |   4900000 | NS      | $68584922.54  | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Orla Mining, Ltd. Warrants 03/01/2030              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    836278 | NC      | $6312254.71   | 0.57%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Lahontan Gold Corp. Warrants 09/01/2026            | CUSIP: BLPP0T5W2<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |   4150000 | NC      | $145515.05    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Federated Hermes Us Treasury Cash Reserves | Federated Hermes US Treasury Cash Reserves         | CUSIP: 60934N682<br>LEI: 25490003NTA1P9CI5X97 | Long             | STIV             | RF                | US        |   4072231 | NS      | $4072230.99   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Lithium Africa Warrants 3 04/22/2030               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    107000 | NC      | $23353.25     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | SOUTHWEST CRITICAL MATERIALS A-PRIVATE             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   3750000 | NS      | $3750000.00   | 0.34%             |  |  |  | No            |                  3 | On Loan: No      |
| Stllr Gold Inc                             | STLLR Gold, Inc.                                   | CUSIP: 86101P101<br>LEI: 254900DJACV32N4WRJ73 | Long             | EC               | CORP              | CA        |   1291080 | NS      | $1478212.46   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Wing Metals Inc                      | Angel Wing Metals, Inc.                            | CUSIP: 03464G206<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   4650000 | NS      | $133099.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Lithium Africa Warrants 2 04/22/2030               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |     61100 | NC      | $122597.87    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Andean Silver, Ltd. Units                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2916667 | NS      | $3649727.11   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                            | Alamos Gold, Inc.                                  | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    450000 | NS      | $16875000.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Castile Resources Ltd                      | Castile Resources, Ltd.                            | CUSIP: N/A<br>LEI: 529900TDTNKDC8JAPZ38       | Long             | EC               | CORP              | AU        |  19143255 | NS      | $1316877.15   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerita Resources Corp                     | Emerita Resources Corp.                            | CUSIP: 29102L406<br>LEI: 5299005Y4CA476ALZ566 | Long             | EC               | CORP              | CA        |   2602950 | NS      | $2533194.03   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgold Resources Ltd.                    | Westgold Resources Ltd                             | CUSIP: N/A<br>LEI: 2549003AMX9BL7CKBQ74       | Long             | EC               | CORP              | AU        |   9475000 | NS      | $37865982.69  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Red Pine Exploration Inc                           | CUSIP: BNGDW18U4<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   7769736 | NS      | $833990.77    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Firefly Metals Ltd                         | FireFly Metals, Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1500000 | NS      | $1921356.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Lotus Gold Corp. Warrants 06/08/2027               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    506250 | NC      | $1449.07      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cygnus Metals Ltd                          | Cygnus Metals, Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  11627907 | NS      | $952251.67    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.                | BENDITO RESOURCES INC - PRIVATE PLACEMENT          | CUSIP: N/A<br>LEI: 549300W18RHYZOZKOP53       | Long             | EC               | CORP              | US        |   8688000 | NS      | $2172000.00   | 0.20%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | EVOLVE STRATEGIC ELEMENT ROYALTIES LTD-UNITS       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2154000 | NS      | $1233103.15   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Firefly Metals Ltd                         | FireFly Metals, Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   7258781 | NS      | $8892942.39   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellavista Resources Ltd                   | Bellavista Resources, Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   4157475 | NS      | $1416358.42   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Thesis Gold Inc                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2001242 | NS      | $2720927.26   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                     | Agnico Eagle Mines, Ltd.                           | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     80000 | NS      | $13954400.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Atex Resources Warrants                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    950000 | NC      | $286199.86    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Midas Minerals, Ltd. Units                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   3100135 | NS      | $792109.81    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | LOTUS GOLD CORPORATION - UNITS                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   5912500 | NS      | $2115460.30   | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Gogold Resources Inc                       | GoGold Resources, Inc.                             | CUSIP: 38045Y102<br>LEI: 549300PNCGJ26Y676N19 | Long             | EC               | CORP              | CA        |   3607140 | NS      | $6737010.55   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Barton Gold Holdings Ltd                   | Barton Gold Holdings, Ltd.                         | CUSIP: N/A<br>LEI: 984500B2B88B9509FF55       | Long             | EC               | CORP              | AU        |    660421 | NS      | $506228.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Pan American Silver Corp. RTS                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |    393200 | NC      | $267745.49    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| American Pacific Mining Corp               | American Pacific Mining Corp.                      | CUSIP: 028791200<br>LEI: 5493007S3WLRTQ5XL220 | Long             | EC               | CORP              | CA        |   3000000 | NS      | $429353.47    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunker Hill Mining Corp                    | Bunker Hill Mining Corp.                           | CUSIP: 120613203<br>LEI: 529900BF5UJW4BBXO348 | Long             | EC               | CORP              | US        |   6250000 | NS      | $894486.39    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | I-80 Gold Corp. 8.00, 02/22/27 Convertible         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3303000.00   | 0.30%             | 2027-02-22      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| Silver Mountain Resources Inc              | Silver Mountain Resources Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    200000 | NC      | $185766.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                   | Torex Gold Resources, Inc.                         | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    637200 | NS      | $29925532.93  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Carcetti Capital Corp                      | Carcetti Capital Corp                              | CUSIP: 141385104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    567000 | NS      | $811478.05    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| Evolve Strategic Element Royalties Ltd.    | Evolve CA                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   3750000 | NS      | $2146767.33   | 0.20%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Cayenne Copper Limited                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |  34000000 | NS      | $6750853.78   | 0.61%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                        | Silver Mountain Resources Inc                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    961500 | NS      | $2167322.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cygnus Metals Ltd                          | Cygnus Metals, Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  33236034 | NS      | $2721819.91   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | LITHIUM AFRICA RESOURCES CORP - PRIVATE            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    107000 | NS      | $214390.50    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tdg Gold Corp                              | TDG Gold Corp.                                     | CUSIP: 87190J105<br>LEI: 2549000YY74BDNRBVC95 | Long             | EC               | CORP              | CA        |   9227925 | NS      | $6075130.42   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Minera Alamos Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |  55557900 | NC      | $2107101.29   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** ASA GOLD & PRECIOUS METALS LTD

**Signature:** Thomas Perugini

**Name of Signer:** Thomas Perugini

**Title:** Principal Financial Officer