TRR & Lake Rebecca Australia3 Nov 2021 12:53
The interest reaffirms the quality of the Lake Rebecca Project as one of the best undeveloped gold projects in Australia, which now has two publicly active ASX listed gold mid-tiers vying for control of the Project. TRR has Royalties over potential +100,000oz p.a. gold projects which are incredibly rare in the royalty space, and especially valuable. If a transaction is concluded, the transition of the Project ownership from a predominately exploration focused junior gold company, to a production focused mid-tier, will add a significant value uplift to the royalty and represents a material step-change towards the royalty becoming cash generative to Trident. We look forward to working with the successful bidder for Apollo as Lake Rebecca moves closer towards development. IMO only of course. Lake Rebecca could be much larger resource than it is today, with more exploration on the asset acreage. In my mind these two company's also think there is a lot more OZ on the asset to be discovered. All in my opinion of course .