RE: RNS1 Aug 2022 08:03
Adam Davidson, Chief Executive Officer of Trident commented:
"We are pleased to note the recent Ramelius announcement outlining material Mineral Resource increases at the Rebecca Gold Project, over which Trident holds a 1.5% NSR. Ongoing infill and exploration drilling has continued to extend mineralised zones and improve resource confidence both within and outside of the current Rebecca optimised pit shell, as well as the Duchess and Duke deposits. This not only increased the total gold Resource endowment by 9% to 1.2Moz Au, but significantly moved 1Moz of gold into the higher confidence Indicated resource category.
With the Mineral Resource update based on only 9,070m from the planned 75,000m drill campaign, the prospects for future gold inventory increases are looking good for Trident's royalty, with the ongoing drill programme continuing to provide wide and high-grade gold intersections as the project continues to move towards a development decision."