Trident Royalties PLC

Production

Mimbula Copper

Trident owns a 1.25% Gross Revenue Royalty (“GRR”) over all copper produced from the Mimbula Mine in Zambia, which is operated by Moxico Resources Plc.

Mimbula Copper

Moxico Resources successfully raised US$73M in equity in June 2021 in order to fast-track the construction of a standalone processing centre at Mimbula capable of producing 30,000kta of copper.

The GRR will decrease to 0.3% upon US$5.0 million being paid on the royalty, with a subsequent decrease to 0.2% once the royalty has been paid on 575,000 tonnes of copper. In addition, the GRR is subject to a Minimum Payment Schedule in which the higher of the minimum amount, or the Gross Revenue Royalty amount, are due; specifically:

• Minimum payments of US$375,000 per quarter in 2021;

• Minimum payments of US$500,000 per quarter in 2022; and

• Minimum payments of US$750,000 in each of the first two quarters of 2023

LocationZambia
OperatorMoxico Resources Plc (Private)
CommodityCopper
Mine TypeOpen Pit
StageProduction

Mimbula and Suka Resources (JORC 2012)*

Measured51.7Mt @ 1.0%TCu
Indicated25.4Mt @ 0.91%TCu
Inferred16.7M @ 0.95%TCu
Total93.7Mt @ 0.97%TCu

Mimbula Reserve (JORC 2012)

Proven and Probable67.5Mt @ 0.92% TCu

Source: Moxico Resources Plc (August 2019) Mimbula Resources are JORC (2012) compliant, While Zuka Resource is non-compliant. See announcement dated 29 June 2020 for resource breakdown.

Location Map
Royalty Area Map