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Alastair Ford says new Trident Royalties' Lake Rebecca acquisition is a 'significant deal'

Mining's Capital's Alastair Ford analyses Trident Royalties PLC's (LON:TRR) recent announcement to acquire an existing gold royalty which hosts the entirety of the million ounce Lake Rebecca Gold Project.

The 1.5% net smelter royalty is being acquired for a total of A$8m, of which A$1m will be done Trident shares.

Ford says the deal means 'Trident are becoming an 'established player in this space' because of the form of payment and describes it as a 'significant deal'.

Quick facts: Trident Royalties PLC

Price: 30.05 GBX

LSE:TRR
Market: LSE
Market Cap: £31.1 m
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