Royalty Portfolio Update: Lake Rebecca Gold Project Progress

Trident Royalties Plc (AIM:TRR, FSX:5KV), the growth-focused mining royalty and streaming company, is pleased to note recent announcements by Apollo Consolidated Ltd. (“Apollo”) regarding positive progress at the Lake Rebecca Gold Project (“Lake Rebecca” or the “Project”), in Western Australia. Trident holds a 1.5% Net Smelter Return (“NSR”) gold royalty (the “Lake Rebecca Gold Royalty” or the “Royalty”) over the entirety of the Project.

Following Apollo’s release of the April 2021 JORC (2012) compliant Mineral Resource Estimate (“MRE”) update for over 1.1Moz of gold, ongoing drilling has continued to generate significant gold intersections whilst technical evaluation studies progress. Apollo’s Diggers & Dealers Mining Forum presentation provides a detailed overview of the project status together with useful deposit plans and sections.

Adam Davidson, Chief Executive Officer of Trident commented:

“We are pleased to note Apollo’s recent announcements concerning developments at the Lake Rebecca Gold Project, over which Trident holds a 1.5% Net Smelter Return royalty.

The metallurgical drilling results continue to confirm excellent grade and width continuity and provide further strong validation of the April 2021 Mineral Resource Estimate block model, whilst significant new drill intercepts are reported at the emerging Cleo gold discovery, located 1.4km to the west of the 840,000oz Rebecca gold deposit.

We continue to note Apollo’s strong cash position with a cash balance of A$34.9 million, as of 31 August 2021, and look forward to following developments at the project as the technical studies, resource and exploration drilling continues.”

News in full

CEO Adam Davidson recently provided an update of the business and its strategy below