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Trident Royalties PLC - London-based mining royalty and streaming company - Following the acquisition of Apollo Consolidated Ltd by Ramelius Resources Ltd, further drilling at the Rebecca gold project has increased the mineral resource estimate to 31 million tonnes at 1.2 grams per tonne for 1.2 million ounces of gold, reflecting a 9% increase on the last Apollo estimate.
The drilling to date reflects a small part of the ongoing 75,000 programme, with the greater part of exploration drilling planned for the 2023 financial year.
‘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% net smelter return. 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,’ said Chief Executive Officer Adam Davidson.
Current stock price: 46.00 pence
12-month change: up 31%
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