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EPIC: TON
Market: ASX
52-week High/Low: A$0.10 / A$0.06
Sector: Mining
Market Cap: A$39.47M
Triton Minerals

Triton Minerals

Triton Minerals (ASX:TON) is listed on the Australian Securities Exchange.

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Triton Minerals Snapshot

Diversified minerals exploration and development company.

Triton Minerals Limited (ACN: 126 042 215) (Triton or Company) is a diversified minerals exploration and development company with assets in Australia and Africa. Triton was established in 2006 as Australian Mineral Fields Inc. and was listed on the Australian Securities Exchange (ASX) on 14 August 2009 as Triton Gold Ltd.

In December 2012, the Company secured its position in its key graphite project, located in Mozambique.

The Company continues to actively consider other opportunities for new projects, which will facilitate a strengthening of the Company’s current portfolio of projects and assist in providing the future growth of your Company.

The recent changes in our corporate identity reflect our transitioning from an exploration company to a development company. Triton is in a unique position whereby it has the potential to become a vertically integrated enterprise from mining to processing to value-added material production.

MOZAMBIQUE GRAPHITE PROJECT

Cabo Delgado Province

Triton, through its majority joint venture interest in Grafex is registered holder of eight (8) exploration licenses, of which six (6) have been granted and two (2) are in application, in the Cabo Delgado Province of northern Mozambique. The licenses comprise three (3) project areas, known as:

  • Balama North Project
  • Balama South Project
  • Ancuabe Project



All three areas, which can be seen in Figure 1, are considered highly prospective for graphite.

Triton currently holds an 80% interest in Grafex and has entered into an arrangement with the minority shareholder of Grafex to purchase the remaining 20% interest in exchange for the payment of US$5M in cash and US$5M equivalent in Triton shares.


THE BALAMA NORTH PROJECT


The Balama North project is located approximately 230km west of Pemba, in northern Mozambique, in the vicinity of known graphite mineralisation. Over the past 18 months the Balama North project has been established as the Company’s flagship project and currently contains the world’s largest and fourth largest graphite Mineral Resources, at Nicanda Hill and Cobra Plains respectively.




Nicanda Hill


Triton’s Nicanda Hill resource is the largest combined graphite and vanadium resource in the world

MINERAL RESOURCE

The Company’s most significant achievement to date is the announcement in October 2014 of the maiden Mineral Resource at Nicanda Hill. Triton achieved this milestone in only six months from the commencement of drilling at Nicanda Hill.

The maiden Mineral Resource estimate ranks Triton’s Nicanda Hill deposit as the largest combined graphite and vanadium deposit in the world.

The total Mineral Resource estimate as at 31 December 2014 comprises 1,457 Million Tonnes (Mt) at an average grade of 10.7%TGC and 3.93 Mt at an average grade of 0.27% of Vanadium Pentoxide (V2O5) classified as either Inferred Mineral Resources or Indicated Mineral Resources in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition) as reflected in Table 1 below. This Mineral Resource has been reported inside geological wireframes (defined on the basis of mineralised graphite intercepts) and equates to a nominal 8% TGC cut-off grade.
  

Classification Tonnes (Mt) Grade (TGC%) Contained Graphite (Mt) Grade (V2O5%) Contained V2O5 (Mt)
Indicated 328 11.0 36.1 0.26 0.85
Inferred 1,128 10.6 119.7 0.27 3.05
*Total 1,458 10.7 155.9 0.27 3.93
Table 1. Balama North – Nicanda Hill Global Mineral Resource


(click here for more information on Nicanda Hill)


Cobra Plains

Cobra Plains is the world’s fourth largest graphite resource


In February 2014, the Company’s announced its maiden Inferred Mineral Resource Estimate at the Cobra Plains at the Balama North project, as at 31 December 2014, the resource comprises 103 Million Tonnes (Mt) at an average grade of 5.2%TGC, containing 5.7Mt of graphitic carbon. By total tonnes, Cobra Plains is the world’s fourth largest graphite resource. This resource is classified as an Inferred Mineral Resource in accordance with the guidelines of The Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition) as reflected in Table 7 below.
 
Deposit Plains Classification Tonnes (Mt) Grade (TGC%) Contained Graphite (Mt)
Cobra Plains Inferred 103 5.2 5.7
Table 7. Cobra Plains Mineral Resource Estimate Table (reported above a 2% graphitic carbon cut-off grade)


Charmers / Black Hills / Nacugi Trend / P1 & P2

The Company has identified numerous other anomalies over the Balama North Project which may be tested in the medium to long term. VTEM surveys conducted over the Balama North Project have confirmed the presence of significant conductive responses (typical of graphite mineralisation) over a number of areas which The Company has branded Charmers, Black Hills, Nacugi Trend and P1 & P2, these anomalies can be seen in Figure 1 below.


Figure 1. Overview of the new anomaly on License 5365 identified by the recent VTEM survey.


(click here for more projects)



Last updated 17th February 2016.

BOARD


Christopher Catlow
Non-Executive Chairman

Mr Catlow is a highly qualified professional with over 25 years worth of international resources industry experience, having worked on the development and operations of oil and gas, hard rock and sand mining projects.

Mr Catlow played a central role in the formation of Iluka Resources Limited and was a senior executive and CFO of the ASX-listed iron ore mining company, Fortescue Metals Group Ltd (FMG), having joined shortly after its formation in 2003.

During his seven years at FMG, initially as its inaugural Chief Financial Officer and then as its Investment and Business Development Director, the company financed and brought into production its major iron ore mining, processing and port facility in Western Australia’s Pilbara region. The development established FMG as Australia’s third largest iron ore producer behind Rio Tinto and BHP Billiton.



Garth Higgo
CEO and Managing Director

Mr Higgo is a mining professional with significant international resources experience, having worked on the development and operations of underground and opencast mining projects. Mr Higgo has a 35 year career spanning executive positions in civil engineering contracting, commercial banking, mining corporate finance and M&A, major project development, large scale mining operations and rail / mining engineering services.

Mr Higgo was most recently the Global Market Director – Mining for the Aurecon Group, responsible for growing the mining business across Africa, Middle East, SE Asia and Australia. Prior to this he was the Global Director of the Rail and Transportation Group with Calibre Global in Australia for five years, during which he grew the business into the largest Heavy Haul Rail project delivery and engineering company in the world. During this time Mr Higgo was leading some of the world’s largest multi-billion dollar projects across Australia, Sub-Saharan Africa and South America.



Alfred Gillman
Executive Technical Director

Mr Gillman has over 35 years experience as a geologist in various commodities including gold, base metals and uranium. For most of his career, Mr Gillman has held both senior management and directorship positions, including Group Exploration Manager of Harmony Gold ultimately in charge of the early development phases of several major gold projects in Australia and Papua New Guinea. Mr Gillman graduated with Honours from the University of Western Australia and is a Fellow and Chartered Professional of the Australian Institute of Mining and Metallurgy.



Paula Ferreir
Non-Executive Director

Ms. Ferreira is a Mozambican citizen and a Chartered Accountant certified by Ordem dos Contabilistas e Auditores do Mocambique (OCAM) with over 44 years of experience.

Ms. Ferreira is a highly qualified professional having spent over 15 years of her early career in the construction industry as an accountant, Chief Financial Officer and senior executive. She was one of the founders of the major Mozambican construction company CETA, having a strategic role in the merger of the 6 construction companies that formed CETA.


MANAGEMENT


Alfred Gillman
Executive Technical Director

Mr Gillman has over 35 years experience as a geologist in various commodities including gold, base metals and uranium. For most of his career, Mr Gillman has held both senior management and Directorship positions, including Group Exploration Manager of Harmony Gold ultimately in charge of the early development phases of several major gold projects in Australia and Papua New Guinea. Mr Gillman graduated with Honours from the University of Western Australia and is a Fellow and Chartered Professional of the Australian Institute of Mining and Metallurgy.

Mr Gillman specialises in mineral asset evaluation and resource estimation and has an extensive knowledge of gold, base metal, diamonds, industrial minerals and uranium deposits around the world with a proven track record of exploration success and project development.

In addition to providing guidance on all technical matters including the management of feasibility level programs, Mr Gillman liaises at all levels within foreign Government bureaucracies and maintains strong associations with investment communities around the world.



Patrick Ellis
Chief Operating Officer

Mr Ellis has over 30 years of experience in the international and domestic mineral resources sector, during this time he has held executive roles within the Leighton Group (now CIMIC), Newcrest, Allied Mining, Macmahon and Murray & Roberts. He is a new venture and major project development specialist having held accountability at over 40 mining and processing operations in Africa, Asia, New Zealand and Australia, often managing multisite and remotely located operations simultaneously.


Richard Jarvis

Chief Financial Officer

Mr Jarvis is a Chartered Certified Accountant with 20 years finance and accounting experience gained in public practice and in the international resources sector. Mr Jarvis has held senior executive and management roles with various Australian and London-listed resource companies, including Nyota Minerals Limited, Sylvania Resources Limited and Fluormin Plc.

He has substantial experience operating in a wide range of jurisdictions including Australia, UK and several parts of Africa.



Paige Exley
Company Secretary and Group Financial Controller

Paige holds a Bachelor of Commerce, with a double major in Accounting and Business Law from Curtin University and a Post-Graduate Diploma of Applied Corporate Governance from Chartered Secretaries Australia.

Paige is currently completing a Chartered Accountants qualification. Paige has over 10 years of experience in financial and management accounting roles with ASX listed companies and more recently has held company secretarial roles for ASX listed and unlisted companies.



Gidião Mbanze
Project Manager - Mozambique

Gidião Mbanze is a Mozambican citizen and holds a Bachelor of Aeronautical and Mechanical Engineering from the University of Wales.

Gidião has over 9 years of experience in Project Management Systems and Reliability engineering in BHP Billiton and Vale, some of the world’s largest mining companies.



Libby Plunkett
Manager - Executive Services

Libby has extensive experience in corporate services with recent focus in listed and unlisted mining and exploration companies in West Perth.

With 30 years experience in the public sector, Libby demonstrates a diverse range of skill sets to include leadership, attention to detail and a high level of organisation skills. Her motivation, positive attitude and ability to use initiative will enhance her role as Manager of Corporate Services. Libby’s professional manner and ability to communicate in all situations ensures she delivers the highest level of expertise.



Last updated 17th February 2016

Postal Address:
PO Box 1518
WEST PERTH WA 6872

Office Address:
256 Stirling Highway
CLAREMONT WA 6010

P 61 8 6489 255561 8 6489 2555
F 61 8 6489 2556

Shareholders are directed to liaise with Computershare Investor Services Pty Ltd, for all shareholding inquiries via Computershare Investor Queries:

Phone: +61 (0) 8 9323 2000+61 (0) 8 9323 2000 or 1300 55 70 101300 55 70 10 (within Australia)
Fax: +61 (0) 8 9323 2033
Website: www.computershare.com.au

Triton Minerals Timeline

Newswire
February 12 2016

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