Trident Royalties Plc announced that it has entered into a binding agreement with Thor Mining Plc, to acquire Thor's variable price gold royalty over production from the Spring Hill Gold Project located in Australia's Northern Territory and operated by private group PC Gold Pty Ltd. The Royalty is being acquired in exchange for a staged consideration of cash and/or equity with a total consideration of 1.0 million Australian dollars, of which AUD 400,000 is payable upon completion of the Transaction and the balance following the satisfaction of certain production milestones from Spring Hill. Provides for AUD 13.30 per ounce of gold produced from Spring Hill Covers one mining license and two exploration licenses, with an Inferred Resource of 355,000oz gold and a significant Exploration Target supported by additional mineralization open both at depth and along strike, Accessible via existing road infrastructure, Spring Hill is 28km from a gold mill which has previously and successfully trial-mined a bulk sample of ore from Spring Hill, Deal structure provides exposure to upside potential of royalty whilst minimizing upfront cost, The royalty is uncapped and will benefit from current development work being undertaken at Spring Hill, The Royalty is consistent with Trident's approach to opportunistically acquiring earlier stage royalties which show a credible pathway to monetization in the short-medium term. Precious metals royalties and streams remain attractive to investors, Gold recently exceeded USD1,800 per ounce, with the Australian dollar gold price reaching new all-time highs throughout 2020, The Royalty provides exposure to the gold price through organic Resource growth and potential fast-tracking of development in a supportive price environment. Spring Hill is located within the highly prospective Pine Creek region in Australia's Northern Territory, which has historically produced over 3Moz of gold across multiple deposits and contains more than 10Moz of undeveloped Resources. Gold contained at Spring Hill is freely leachable via conventional processing methods and contains a material proportion of gravity recoverable gold which is susceptible to low capital cost gravity concentration and leaching techniques. Spring Hill has a JORC compliant global Inferred Mineral Resource Estimate of 8.8Mt grading 1.26g/t Au for 355,000 ounces of contained gold at 0.5g/t Au cut-off, as at January 2017.