Royalty Portfolio Update: Western Australian Gold Royalties

Trident Royalties Plc (AIM:TRR, FSX:5KV), the growth-focused mining royalty and streaming company, is pleased to note significant developments concerning two royalties held over gold projects in the Pilbara region of Western Australia.

Following recent tenement reconciliation and re-pegging activity by Calidus Resources (“Calidus”) at the Warrawoona Gold Project (“Warrawoona”), Trident has confirmed a significant increase in the size of the tenure included in the royalty zone at Warrawoona. Trident holds a 1.5% net smelter royalty (“NSR”) over a number of tenements which host a portion of the Resource and exploration prospects at Warrawoona.

Trident also notes a recent announcement1 by Novo Resources Corp (“Novo”) pertaining to positive drill results from its Talga Talga Gold Project (“Talga Talga”), over which Trident holds a 1.5% NSR.

Adam Davidson, Chief Executive Officer of Trident commented:

“We are pleased to report positive developments for two of our gold royalties in Western Australia. Following a number of tenement actions at Warrawoona, Trident has confirmed the royalty applies over a significantly enlarged area totalling 153.52km2, providing coverage for at least 16 high priority exploration targets as well as mining licence M45/1290 which holds the eastern extension of the planned Klondyke open pit gold mine, which is currently fully financed and under construction. This extension, known as Klondyke East, has been scheduled for exploitation in Year 3 of the Warrawoona mining schedule.

“At Talga Talga, 35km north of Warrawoona, Novo has reported promising shallow drill intersections from the first phase of an inaugural drilling programme targeting shear related lode gold mineralisation within a 3km long target corridor. Novo has previously highlighted the potential for Talga Talga material to be mechanically upgraded and trucked to its Nullagine Project for processing which provides a potential near-term avenue to cashflow from the royalty.

“We are pleased with the continued positive development of royalties underlying Trident’s precious metals allocation in its portfolio and look forward to additional positive news flow from operators in the coming months.”

News in full

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