# EDGAR Filing Document

**Accession Number:** 0001230869
**File Stem:** 0001230869-25-000013
**Filing Date:** 2025-9
**Character Count:** 53949
**Document Hash:** 6ed3b731aabb1be21146ca5d3f551cec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001230869-25-000013.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001230869-25-000013

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**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:** 251358288

**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:** 207-347-2000

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

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

- **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:** 2025-08-31

**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:** $803030164.46

**Total Liabilities:** $11402570.15

**Net Assets:** $791627594.31

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.51%                | -2.38%               | 21.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9952066.88              | $-4649373.79                               |
| Month 2  | $6711979.72              | $-20695872.89                              |
| Month 3  | $25463077.50             | $115415950.26                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Gold Candle Ltd                                                     | Gold Candle, Ltd. 144A                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2010715 | NS      | $2928190.19   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ridgeline Minerals Corp                                             | Ridgeline Minerals Corp.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   4500000 | NC      | $6553.32      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Metalla Royalty & Streaming Lt                                      | Metalla Royalty & Streaming, Ltd.                                     | CUSIP: 59124U605<br>LEI: 549300RPR0O774QEKV20 | Long             | EC               | CORP              | CA        |   3000000 | NS      | $16410000.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Critical Materials                                        | Southwest Critical Materials                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   3750000 | NS      | $3750000.00   | 0.47%             |  |  |  | No            |                  3 | On Loan: No      |
| Bellevue Gold Ltd                                                   | Bellevue Gold, Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   9861824 | NS      | $5550499.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Onyx Gold Corp                                                      | Onyx Gold Corp.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    675000 | NS      | $1002657.73   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alicanto Minerals Ltd                                               | Alicanto Minerals, Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  65150765 | NS      | $1620240.48   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Laurentian Mountain Resources                                       | Laurentian Mountain Resources                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |   3500000 | NC      | $0.04         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Geopacific Resources Ltd                                            | Geopacific Resources, Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  75617820 | NS      | $1484642.09   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| South Pacific Metals Corp                                           | South Pacific Metals Corp.                                            | CUSIP: N/A<br>LEI: 9845009036F7F4558753       | Long             | EC               | CORP              | CA        |   2100000 | NS      | $963337.82    | 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      | $32313624.34  | 4.08%             |  |  |  | No            |                  1 | 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      | $118105.36    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Integra Resources Corp                                              | Integra Resources Corp.                                               | CUSIP: 45826T509<br>LEI: 529900MC191X8CY3P306 | Long             | EC               | CORP              | CA        |   3937473 | NS      | $9016812.24   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Pine Exploration Inc                                            | Red Pine Exploration, Inc.                                            | CUSIP: N/A<br>LEI: 529900U8LGGUG3E2NC68       | Long             | EC               | CORP              | CA        |  18945090 | NS      | $1310506.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorilla Gold Mines Ltd                                              | Gorilla Gold Mines, Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   5263158 | NS      | $1463900.97   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                                     | Alamos Gold, Inc.                                                     | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |   1000000 | NS      | $30450000.00  | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                              | Agnico Eagle Mines, Ltd.                                              | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |    165000 | NS      | $23788050.00  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Silver Corp                                               | Discovery Silver Corp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   6000000 | NS      | $19092001.31  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfram Ltd                                                         | Wolfram, Ltd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  10000000 | NS      | $654449.83    | 0.08%             |  |  |  | No            |                  3 | On Loan: No      |
| Sable Resources Ltd                                                 | Sable Resources, Ltd.                                                 | CUSIP: N/A<br>LEI: 3912006PLR1HF7YCRK43       | Long             | EC               | CORP              | CA        |  26160000 | NS      | $666690.94    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Pacific Mining Corp                                        | American Pacific Mining Corp. 144A                                    | CUSIP: N/A<br>LEI: 5493007S3WLRTQ5XL220       | Long             | EC               | CORP              | CA        |   3000000 | NS      | $415043.51    | 0.05%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Robex Resources Inc                                                 | Robex Resources, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   4000000 | NC      | $2755306.37   | 0.35%             |  |  |  | No            |                  3 | On Loan: No      |
| Prime Mining Corp                                                   | Prime Mining Corp.                                                    | CUSIP: N/A<br>LEI: 5493006KEVX2PYRAXX06       | Long             | EC               | CORP              | CA        |  10620000 | NS      | $20956201.99  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GoGold Resources Inc                                                | GoGold Resources, Inc.                                                | CUSIP: N/A<br>LEI: 549300PNCGJ26Y676N19       | Long             | EC               | CORP              | CA        |   3607140 | NS      | $6382459.10   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunker Hill Mining Corp                                             | Bunker Hill Mining Corp.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1250000 | NC      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Southern Cross Gold Consolidat                                      | Southern Cross Gold Consolidated, Ltd.                                | CUSIP: N/A<br>LEI: 2549004SP30Z0UWKH476       | Long             | EC               | CORP              | CA        |    900300 | NS      | $2752577.27   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Guanajuato Silver Co Ltd                                            | Guanajuato Silver Co., Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   2083500 | NC      | $47029.89     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Ridgeline Minerals Corp                                             | Ridgeline Minerals Corp.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1450000 | NC      | $8446.50      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Red Pine Exploration Inc                                            | Red Pine Exploration, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  10091957 | NS      | $698100.21    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cartier Resources Inc                                               | Cartier Resources, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   6923100 | NC      | $141148.87    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Probe Gold Inc                                                      | Probe Gold, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    190000 | NS      | $373539.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellavista Resources Ltd                                            | Bellavista Resources, Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   4157475 | NS      | $761840.47    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LCL Resources Ltd                                                   | LCL Resources, Ltd.                                                   | CUSIP: N/A<br>LEI: 213800U3LCURRSJS5R56       | Long             | EC               | CORP              | AU        |  36750000 | NS      | $168357.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Castile Resources Ltd                                               | Castile Resources, Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  19143255 | NS      | $789282.91    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Gold Corp                                                   | Liberty Gold Corp.                                                    | CUSIP: N/A<br>LEI: 549300DY25855R7ZV117       | Long             | EC               | CORP              | CA        |  12482000 | NS      | $4498918.70   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexus Minerals Ltd                                                  | Nexus Minerals, Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  36000000 | NS      | $1507852.42   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TDG Gold Corp                                                       | TDG Gold Corp.                                                        | CUSIP: N/A<br>LEI: 2549000YY74BDNRBVC95       | Long             | EC               | CORP              | CA        |   9227925 | NS      | $5106653.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cartier Resources Inc                                               | Cartier Resources, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   6923100 | NS      | $806564.97    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Prodigy Gold NL                                                     | Prodigy Gold NL                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | AU        |  38750000 | NC      | $0.26         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Midas Minerals Ltd                                                  | Midas Minerals, Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    899865 | NS      | $209065.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prodigy Gold NL                                                     | Prodigy Gold NL                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        | 347325836 | NS      | $681922.01    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Lithium Ltd                                                   | Delta Lithium, Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  17412850 | NS      | $2051250.62   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STLLR Gold Inc                                                      | STLLR Gold, Inc.                                                      | CUSIP: N/A<br>LEI: 254900DJACV32N4WRJ73       | Long             | EC               | CORP              | CA        |   1291080 | NS      | $987100.16    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Laurentian Mountain Resources                                       | Laurentian Mountain Resources 144A                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   3640959 | NS      | $3640959.00   | 0.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| i-80 Gold Corp                                                      | i-80 Gold Corp.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3162000.00   | 0.40%             | 2027-02-22      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| Desert Gold Ventures Inc                                            | Desert Gold Ventures, Inc.                                            | CUSIP: N/A<br>LEI: 549300MQKAYD1XTYMJ96       | Long             | EC               | CORP              | CA        |  14569264 | NS      | $848684.69    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Africa Resources Corp                                       | Lithium Africa Resources Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |     61100 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Red Pine Exploration Inc                                            | Red Pine Exploration, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   3884868 | NC      | $8486.26      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| G Mining Ventures Corp                                              | G Mining Ventures Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   6300000 | NS      | $94452979.94  | 11.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corp                                              | Integra Resources Corp.                                               | CUSIP: BRK42Y8U2<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    550000 | NS      | $1257509.01   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Silver Ltd                                                   | Andean Silver, Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    583333 | NS      | $563099.23    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuerte Metals Corp                                                  | Fuerte Metals Corp.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   5300000 | NS      | $5402847.05   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SUA Holdings Ltd                                                    | SUA Holdings, Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  10600000 | NS      | $15436.71     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lahontan Gold Corp                                                  | Lahontan Gold Corp.                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   2550000 | NC      | $66843.85     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Silver Tiger Metals Inc                                             | Silver Tiger Metals, Inc.                                             | CUSIP: N/A<br>LEI: 2549009QDIU00MWT6U57       | Long             | EC               | CORP              | CA        |  16795333 | NS      | $8682918.72   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Africa Resources Corp                                       | Lithium Africa Resources Corp. 144A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     72000 | NS      | $1440000.00   | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Newcore Gold Ltd                                                    | Newcore Gold, Ltd.                                                    | CUSIP: N/A<br>LEI: 894500A52BE2PYANBI95       | Long             | EC               | CORP              | CA        |   6610000 | NS      | $3176611.93   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Africa Resources Corp                                       | Lithium Africa Resources Corp. 144A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    107000 | NS      | $190883.61    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FireFly Metals Ltd                                                  | FireFly Metals, Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1052632 | NS      | $854229.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan Global Resources Inc                                            | Pan Global Resources, Inc.                                            | CUSIP: N/A<br>LEI: 54930008OSFWQ6KCRG64       | Long             | EC               | CORP              | CA        |   6350000 | NS      | $601084.94    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes U.S. Treasury Cash Reserves - Institutional Shares | Federated Hermes US Treasury Cash Reserve Fund - Institutional Shares | CUSIP: 60934N682<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9611618 | NS      | $9611617.52   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunker Hill Mining Corp                                             | Bunker Hill Mining Corp.                                              | CUSIP: N/A<br>LEI: 529900BF5UJW4BBXO348       | Long             | EC               | CORP              | US        |   6250000 | NS      | $728146.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ridgeline Minerals Corp                                             | Ridgeline Minerals Corp.                                              | CUSIP: N/A<br>LEI: 529900ZN0PWN2EIUEE75       | Long             | EC               | CORP              | CA        |  11900000 | NS      | $1429715.66   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FireFly Metals Ltd                                                  | FireFly Metals, Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1500000 | NS      | $1256052.72   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                                                   | Equinox Gold Corp.                                                    | CUSIP: N/A<br>LEI: 5493005IN4V1SNP9PN75       | Long             | EC               | CORP              | CA        |   4900000 | NS      | $42850693.56  | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cygnus Metals Ltd                                                   | Cygnus Metals, Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  11627907 | NS      | $639230.07    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| San Cristobal Mining Inc                                            | San Cristobal Mining, Inc. 144A                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    200000 | NS      | $2400000.00   | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Magna Mining Inc                                                    | Magna Mining, Inc.                                                    | CUSIP: 55925FAA0<br>LEI: 391200LYB0MF13ZWII58 | Long             | DBT              | CORP              | CA        |   4300000 | PA      | $3757235.96   | 0.47%             | 2029-03-05      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Robex Resources Inc                                                 | Robex Resources, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1607718 | NS      | $3893031.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lahontan Gold Corp                                                  | Lahontan Gold Corp.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  41259000 | NS      | $3755324.57   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Midas Minerals Ltd                                                  | Midas Minerals, Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   3100135 | NS      | $720253.41    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bendito Resources Inc                                               | Bendito Resources, Inc. 144A                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   8688000 | NS      | $2172000.00   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Newcore Gold Ltd                                                    | Newcore Gold, Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    430000 | NC      | $81719.88     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| New Found Gold Corp                                                 | New Found Gold Corp.                                                  | CUSIP: N/A<br>LEI: 98450056568BF2A90783       | Long             | EC               | CORP              | CA        |   2350000 | NS      | $4448975.13   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Africa Resources Corp                                       | Lithium Africa Resources Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    107000 | NC      | $27269.09     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Discovery Silver Corp                                               | Discovery Silver Corp.                                                | CUSIP: N/A<br>LEI: 98450041CCB3E8QD3F53       | Long             | EC               | CORP              | CA        |      1500 | NS      | $4773.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgold Resources Ltd                                              | Westgold Resources, Ltd.                                              | CUSIP: N/A<br>LEI: 2549003AMX9BL7CKBQ74       | Long             | EC               | CORP              | AU        |   9475000 | NS      | $21331137.87  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Robex Resources Inc                                                 | Robex Resources, Inc.                                                 | CUSIP: N/A<br>LEI: 529900UBILRW1I57HF58       | Long             | EC               | CORP              | CA        |   8900000 | NS      | $21644882.95  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cygnus Metals Ltd                                                   | Cygnus Metals, Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  33236034 | NS      | $1827110.62   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Culico Metals Inc                                                   | Culico Metals, Inc.                                                   | CUSIP: N/A<br>LEI: 2549005B5ATUIJJB6L88       | Long             | EC               | CORP              | CA        |   1906250 | NS      | $277605.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Westhaven Gold Corp                                                 | Westhaven Gold Corp.                                                  | CUSIP: N/A<br>LEI: 2549006LQ1TAHZLTOF64       | Long             | EC               | CORP              | CA        |   5500000 | NS      | $560672.81    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pecoy Copper Ltd                                                    | Pecoy Copper, Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   3250000 | NS      | $1419885.68   | 0.18%             |  |  |  | No            |                  3 | On Loan: No      |
| Probe Gold Inc                                                      | Probe Gold, Inc.                                                      | CUSIP: N/A<br>LEI: 549300KN4JVFBY70QS60       | Long             | EC               | CORP              | CA        |   7087500 | NS      | $13933993.52  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Barton Gold Holdings Ltd                                            | Barton Gold Holdings, Ltd.                                            | CUSIP: N/A<br>LEI: 984500B2B88B9509FF55       | Long             | EC               | CORP              | AU        |  10339579 | NS      | $6090062.18   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corp                                              | Integra Resources Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1037037 | NS      | $2371060.68   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerita Resources Corp                                              | Emerita Resources Corp.                                               | CUSIP: N/A<br>LEI: 5299005Y4CA476ALZ566       | Long             | EC               | CORP              | CA        |   2602950 | NS      | $2274394.73   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellevue Gold Ltd                                                   | Bellevue Gold, Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   3614496 | NS      | $2034335.42   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Precious Metals Corp                                         | Andean Precious Metals Corp.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2000000 | NS      | $8490188.23   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                                            | Pan American Silver Corp.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | CA        |    393200 | NS      | $198859.80    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Evolve Strategic Element Royalties Ltd                              | Evolve Strategic Element Royalties, Ltd. 144A                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2154000 | NS      | $1019477.92   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lithium Africa Resources Corp                                       | Lithium Africa Resources Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |     61100 | NC      | $142456.18    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Thesis Gold Inc                                                     | Thesis Gold, Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1666667 | NS      | $1723280.40   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Mining Corp                                                 | Monarch Mining Corp.                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1700000 | NC      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Monarch Mining Corp                                                 | Monarch Mining Corp.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   7300000 | NS      | $0.05         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Guanajuato Silver Co Ltd                                            | Guanajuato Silver Co., Ltd.                                           | CUSIP: N/A<br>LEI: 549300C1VGZKX7N1GH74       | Long             | EC               | CORP              | CA        |   4167000 | NS      | $864743.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Atex Resources Inc                                                  | Atex Resources, Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |  10625000 | NS      | $17639349.04  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Gold Corp                                                     | Lotus Gold Corp.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   2200000 | NC      | $6407.69      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Orla Mining Ltd                                                     | Orla Mining, Ltd.                                                     | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |   6200000 | NS      | $68572000.00  | 8.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellavista Resources Ltd                                            | Bellavista Resources, Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    789474 | NS      | $144667.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                               | Anglogold Ashanti PLC                                                 | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |    100000 | NS      | $5666000.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Lahontan Gold Corp                                                  | Lahontan Gold Corp.                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   4150000 | NC      | $57414.35     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Bendito Resources Inc                                               | Bendito Resources, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200000.00   | 0.15%             | 2025-12-31      | Floating      | 9.49%                 | No            |                  3 | On Loan: No      |
| Americas Gold & Silver Corp                                         | Americas Gold & Silver Corp.                                          | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |  27818411 | NS      | $75944262.58  | 9.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Resource Corp                                                   | Max Resource Corp.                                                    | CUSIP: N/A<br>LEI: 254900XET56T3KS7G591       | Long             | EC               | CORP              | CA        |   8200000 | NS      | $567226.13    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Talisker Resources Ltd                                              | Talisker Resources, Ltd.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2500000 | NS      | $1347071.03   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Thesis Gold Inc                                                     | Thesis Gold, Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2001242 | NS      | $2069220.26   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| South Pacific Metals Corp                                           | South Pacific Metals Corp.                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1050000 | NC      | $6116.43      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Carcetti Capital Corp                                               | Carcetti Capital Corp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    567000 | NS      | $276615.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                                                         | B2Gold Corp.                                                          | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |   2000000 | NS      | $8260000.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd                                                     | Orla Mining, Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    836278 | NC      | $4314898.54   | 0.55%             |  |  |  | No            |                  3 | On Loan: No      |
| Ballard Mining Ltd                                                  | Ballard Mining, Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2033793 | NS      | $552371.43    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd                                                     | Orla Mining, Ltd.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | CA        |  10010000 | PA      | $13987104.53  | 1.77%             | 2030-03-01      | Fixed         | 4.50%                 | No            |                  3 | On Loan: No      |
| Huntsman Exploration Inc                                            | Huntsman Exploration, Inc.                                            | CUSIP: N/A<br>LEI: 5299007I4RDS7RZ1TA02       | Long             | EC               | CORP              | CA        |    617500 | NS      | $58451.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| G2 Goldfields Inc                                                   | G2 Goldfields, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   3000000 | NS      | $6793606.87   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                                     | Gold Fields, Ltd. ADR                                                 | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    250000 | NS      | $8370000.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Gold Corp                                                     | Lotus Gold Corp. 144A                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   5912500 | NS      | $2152583.10   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lithium Africa Resources Corp                                       | Lithium Africa Resources Corp. 144A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     61100 | NS      | $1245713.04   | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Silver Mountain Resources Inc                                       | Silver Mountain Resources, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    866666 | NS      | $1558717.75   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| San Cristobal Mining Inc                                            | San Cristobal Mining, Inc. 144A                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2583332 | NS      | $30999984.00  | 3.92%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FireFly Metals Ltd                                                  | FireFly Metals, Ltd.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   7258781 | NS      | $5890629.94   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Cygnus Metals Ltd                                                   | Cygnus Metals, Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2806674 | NS      | $154293.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Critical Materials                                        | Southwest Critical Materials                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  11250000 | NS      | $11250000.00  | 1.42%             |  |  |  | No            |                  3 | On Loan: No      |
| Thesis Gold Inc                                                     | Thesis Gold, Inc.                                                     | CUSIP: N/A<br>LEI: 529900EDQ993Q6M6BH62       | Long             | EC               | CORP              | CA        |  13198758 | NS      | $13647093.87  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Wing Metals Inc                                               | Angel Wing Metals, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   4650000 | NS      | $169294.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Silver Ltd                                                   | Andean Silver, Ltd.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2916667 | NS      | $2815498.05   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnetic Resources NL                                               | Magnetic Resources NL                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  11538462 | NS      | $9816747.89   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Gold Corp                                                     | Lotus Gold Corp.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    506250 | NC      | $2580.37      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Red Pine Exploration Inc                                            | Red Pine Exploration, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   7769736 | NS      | $537463.08    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corp                                              | Integra Resources Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    275000 | NC      | $398678.41    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| Americas Gold & Silver Corp                                         | Americas Gold & Silver Corp.                                          | CUSIP: N/A<br>LEI: 5493005AKGOT669Z4P51       | Long             | EC               | CORP              | CA        |    642000 | NS      | $1729639.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** ASA Gold & Precious Metals Ltd

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Principal Financial Officer