Trident Royalties Plc announced that the announcement on 1 February 2021 by Calidus Resources Limited (Calidus) that it has successfully consolidated key exploration and infrastructure tenements2 as part of the broader Warrawoona Gold Project (Warrawoona"). Calidus previously owned the tenements in a joint venture arrangement with Novo Resources Corp. and is now moving to 100% ownership. Trident has a binding agreement to acquire a 1.5% Net Smelter Royalty over the eastern part of the planned Warrawoona mine through tenement E45/3381 (which is pending conversion to Mining Lease M45/12903). The acquisition is expected to complete in first quarter of 2021. Trident announced the Warrawoona Royalty acquisition on 28 August 2020. The purchase of the 30% interest in these tenements not only consolidates ownership in these key exploration and infrastructure tenements but also assists greatly in funding and operational administration by reducing cross ownership and guarantee structures. The company is well on track to start main construction activities at Warrawoona this quarter, with final operating approvals expected shortly.