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Trident gets royalty on California gold project

AIM-listed Trident Royalties has secured a 1.5% net smelter royalty (NSR) on the Lincoln gold project in California, a past producing asset that the developer – private Aussie miner Seduli – says will be back in production this year.

Trident gets royalty on California gold project Trident gets royalty on California gold project Trident gets royalty on California gold project Trident gets royalty on California gold project Trident gets royalty on California gold project

Seduli's Lincoln gold project in California, United States

The royalty will cost Trident US$2.5 million in cash, payable immediately.

Seduli said it would use the funds to commission the refurbished processing plant at Lincoln and commence mining operations.