- Trident Royalties is set to acquire a 1.5% gold royalty related to a mine in Western Australia.

The Lake Rebecca Gold Project is estimated to consist of just over 1 million ounces of gold, and is being developed by Australian company Apollo Consolidated.

The royal is payable on production from exploration licence E28/1610, which is currently pending conversion to a mining licence.

Construction is expected to start in the next 18-24 months, according to Apollo.

Trident has also applied to list 1.86 million new shares, which are expected to begin trading tomorrow morning (30 October).

At 9:17am: [LON:TRR] Trident Royalties PLC share price was 0p at 29.5p

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