Trident Royalties PLC


Sugar Zone Offtakes

Trident owns three offtakes for a combined 80% of the gold produced at Silver Lake Resources’ Sugar Zone Gold Mine up to 961,250 delivered ounces.

Sugar Zone Offtakes

Trident owns three offtakes on Sugar Zone. The first offtake is for 50% of dore production up to 375,000 ounces. The second offtake is for 11.5% of dore production up to 86,250 ounces. The third offtake is for 18.5% of dore production up to 500,000 ounces.

Sugar Zone, currently on care and maintenance, is an operation located in Ontario, Canada with reserves of 512Koz. The operations comprise an underground mine and associated processing plant. The operator Silver Lake is currently undertaking an extensive capital program to prepare for a restart of Sugar Zone, including A$35 million towards growth capital and A$28 million in exploration in Silver Lake’s FY24. This investment is in addition to investment completed in FY23 for a new maintenance workshop, new underground mining fleet, and underground infrastructure upgrades.

OperatorSilver Lake Resources
Mining MethodUnderground

Reserve Estimate (NI 43-101)

Probable3.1Mt @ 5.1g/t – 511Koz
Proved17Kt @ 2.4g/t - 1Koz
Total3.2Mt @ 5.1g/t - 512Koz

Source: Silver Lake Resources – Corporate Presentation November 2023