http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 27 Jun 2017 11:50:55 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Total Voting Rights at 31/05/17 ]]> http://www.proactiveinvestors.com.au/companies/rns/170601ton8322g/ Thu, 01 Jun 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/170601ton8322g/ <![CDATA[News - Triton Minerals confirms high-value potential of Ancuabe graphite ]]> http://www.proactiveinvestors.com.au/companies/news/177836/triton-minerals-confirms-high-value-potential-of-ancuabe-graphite-177836.html Triton Minerals (ASX:TON) has received test work results confirming the high-value potential of graphite from its Ancuabe Project in Mozambique.

The advanced testwork undertaken by independent experts in Germany and China showed that Ancuabe graphite is ideal for high value applications such as expandable graphite and lithium-ion batteries.

The combination of large flakes, easy floatation and excellent purification behaviour makes the graphite suitable for traditional markets as well for demanding new technology applications.

Moreover, the high fixed carbon content across all flake sizes bodes well for simple flotation purification which is beneficial for future production cost.

Triton has commenced discussions with potential off-take partners and is preparing samples of Ancuabe graphite for customer testwork.

Expandable graphite is used in flame retardant materials, graphite foil and other applications.

The demand for expandable graphite is expected to be strengthened by Chinese regulations that require the use of flame retardant building materials.

The indicated + inferred resource for the Ancuabe Graphite Project comprises 27.9 million tonnes grading 6% total graphitic carbon for 1.68 million tonnes of contained graphite.

Triton’s recent scoping study projected a net present value of US$128 to US$246 million for the project with a payback period of 2.7 to 4.8 years (based on sensitivity analysis).

Importantly, the scoping study has provided a strong foundation for the feasibility studies that have commenced.

]]>
Tue, 16 May 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177836/triton-minerals-confirms-high-value-potential-of-ancuabe-graphite-177836.html
<![CDATA[RNS press release - Interim Statement - 6m to 31 March 2017 ]]> http://www.proactiveinvestors.com.au/companies/rns/170511ton7834e/ Thu, 11 May 2017 07:00:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/170511ton7834e/ <![CDATA[News - Triton Minerals in an ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/176697/triton-minerals-in-an-asx-trading-halt-176697.html Triton Minerals (ASX:TON) has been granted a trading halt by the ASX, pending details of a Scoping Study.

The halt will remain in place until the opening of trade on Wednesday 26th April 2017, or earlier if an announcement is made to the market.

]]>
Fri, 21 Apr 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176697/triton-minerals-in-an-asx-trading-halt-176697.html
<![CDATA[News - Triton Minerals confirms premium graphite grades at Ancuabe ]]> http://www.proactiveinvestors.com.au/companies/news/173642/triton-minerals-confirms-premium-graphite-grades-at-ancuabe-173642.html Triton Minerals (ASX:TON) has confirmed premium grades of graphite from testing metallurgical samples taken from its Ancuabe Project in Mozambique.

The samples were selected from diamond drill cores from Triton’s 2016 exploration drilling campaign at the T12 and T16 deposits.

The testing has confirmed coarse, high-purity graphite flake concentrates with a purity of between 97.5 and 99.2%.

Importantly, Ancuabe’s flake size distribution is about 56% large flake graphite and 30% jumbo flake graphite.

The larger size differentiates Triton from many of its peers with predominantly medium or small flakes size deposits.

These results demonstrate the potential for the company to meet the key criteria required to produce a premium product suitable for the expandable graphite and lithium-ion battery markets.

In addition, there is scope to optimise further through a coarser initial grind to preserve large to jumbo flakes, since the current results are based on non-optimised process testwork.

Triton has now commenced the Ancuabe Scoping Study that is expected to be completed by the end of March 2017.

The company is focused on fast tracking the development studies for Ancuabe to enable an early investment decision.

Triton’s share price has increased by 28% since the start of 2017, last trading at $0.082.

]]>
Fri, 24 Feb 2017 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173642/triton-minerals-confirms-premium-graphite-grades-at-ancuabe-173642.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170217ton2050x/ Fri, 17 Feb 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170217ton2050x/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.com.au/companies/rns/170215ton9948w/ Wed, 15 Feb 2017 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170215ton9948w/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/170203ton0153w/ Fri, 03 Feb 2017 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170203ton0153w/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.com.au/companies/rns/170201ton7343v/ Wed, 01 Feb 2017 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170201ton7343v/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170131ton6519v/ Tue, 31 Jan 2017 17:20:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170131ton6519v/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170131ton5906v/ Tue, 31 Jan 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170131ton5906v/ <![CDATA[News - Triton Minerals reveals highest ever graphite grades at Ancuabe ]]> http://www.proactiveinvestors.com.au/companies/news/172148/triton-minerals-reveals-highest-ever-graphite-grades-at-ancuabe-172148.html Investors have reacted positively to this news, with Triton’s shares last trading 11% higher intra-day, at $0.07.

Standout results from the reverse circulation drilling include:

- 45 metres at 9.7% TGC (total graphitic carbon) from 12 metres downhole including 22 metres at 11.4 TGC % from 35 metres;

- 19 metres at 8.1% TGC from 78 metres downhole; and

- 17 metres at 7.5% TGC from 25 metres downhole.

The first drilling results at T16 are significant given the high-grade mineralisation is near surface, which indicates the prospectivity of the deposit and the potential for low cost extraction.

The visual inspection of the ore at surface indicates very large in situ flake size, which will be subject to metallurgical test work in the current quarter.

Triton is confident that T16 could be developed alongside the T12 deposit into a high quality, low cost graphite project suitable for both the battery and expandable graphite markets.

These high-grade results at T16 follow positive metallurgical testwork results from T12, positioning Ancuabe very favourably in both grade and metallurgical recovery.

The company is aiming to release an updated mineral resource for Ancuabe in Q1 2017.

]]>
Wed, 25 Jan 2017 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172148/triton-minerals-reveals-highest-ever-graphite-grades-at-ancuabe-172148.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/170125ton0938v/ Wed, 25 Jan 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170125ton0938v/ <![CDATA[RNS press release - Notice of AGM 2017 ]]> http://www.proactiveinvestors.com.au/companies/rns/170116ton2760u/ Mon, 16 Jan 2017 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/170116ton2760u/ <![CDATA[RNS press release - Hardman Research: Hat-trick ]]> http://www.proactiveinvestors.com.au/companies/rns/161219ton2652s/ Mon, 19 Dec 2016 14:21:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/161219ton2652s/ <![CDATA[RNS press release - Preliminary Announcement for year ended 30/09/2016 ]]> http://www.proactiveinvestors.com.au/companies/rns/161214ton8302r/ Wed, 14 Dec 2016 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/161214ton8302r/ <![CDATA[News - Triton Minerals identifies potential satellite deposit at Ancuabe Graphite ]]> http://www.proactiveinvestors.com.au/companies/news/170157/triton-minerals-identifies-potential-satellite-deposit-at-ancuabe-graphite-170157.html The latest drilling indicates the T16 deposit as a potential satellite deposit to the T12 deposit.

Triton’s T12 deposit comprises a JORC 2012 resource of 14.9 million tonnes grading 5.4% total graphitic carbon, for 798,000 tonnes of contained graphite.

The company has been undertaking a comprehensive drilling program aimed at further testing of the T12 deposit and also evaluating several surrounding prospective areas.

Visual logging from T16, which was targeted due to the occurrence of coarse flake graphite in outcrops, has confirmed its prospectivity.

Under the current drilling program, a total of 59 bore holes have been drilled for a total of 4,510 metres.

Importantly, visual logging of the core from 13 holes have indicated coarse-grained flake graphite. Triton is awaiting formal assay results.

The graphite was observed from surface and extends to at least 90 metres vertical depth below surface.

Triton is currently focussing on the evaluation and rapid development of Ancuabe, targeting its large flake size characteristics to supply into the high value end of the graphite market.

The company had a cash balanced of about $2.2 million as at 30 September 2016.

]]>
Thu, 08 Dec 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170157/triton-minerals-identifies-potential-satellite-deposit-at-ancuabe-graphite-170157.html
<![CDATA[News - Triton Minerals countdown to re-listing starts now ]]> http://www.proactiveinvestors.com.au/companies/news/169989/triton-minerals-countdown-to-re-listing-starts-now-169989.html Triton now has $8 million in cash, has secured a cornerstone shareholder, and has a new strategy for growth at Ancuabe, which is located in Mozambique.

The experienced Peter Canterbury has taken the helm as managing director, and brings role significant knowledge of project development on operations in Australia and Africa.


A new strategy

Triton has a focus on the development of the Ancuabe Project to produce low cost, high margin, premium flake size graphite concentrate while developing a pipeline of projects for supply into the global graphite market.

Ancuabe is located in a region with historical high quality graphite production with the former Kenmare graphite facility being refurbished by AMG/GK with whom Triton has a strategic alliance.

Importantly the project is in close proximity to Pemba Port and grid power, and is isolated from local communities.

The maiden JORC Inferred Resource for the Ancuabe T12 deposit was outlined earlier in the year, and comprises 14.9 million tonnes at 5.4% total graphitic carbon (TGC) for 798,000 tonnes of contained graphite.

This has strong potential to grow, considering less than 30% of the prospective strike length has been tested.


Drilling underway

A new exploration program started in late-October, which will cover 3000 metres of diamond drilling and 1800 metres of reverse circulation.

Metallurgical test work is expected to commence once assay work is completed in January.


Share register

Triton will have circa 658 million shares on issue, with 73 million unlisted options and 22 million listed options.

If the stock opens at around $0.07 a share, this would put the market valuation in the $45 million range.

]]>
Tue, 06 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169989/triton-minerals-countdown-to-re-listing-starts-now-169989.html
<![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.com.au/companies/rns/161103ton2711o/ Thu, 03 Nov 2016 12:15:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/161103ton2711o/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/161003ton5612l/ Mon, 03 Oct 2016 17:30:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/161003ton5612l/ <![CDATA[News - Triton Minerals Ltd appoints Peter Canterbury as managing director ]]> http://www.proactiveinvestors.com.au/companies/news/166136/triton-minerals-ltd-appoints-peter-canterbury-as-managing-director-71112.html Triton Minerals Ltd (ASX:TON) has appointed Peter Canterbury as managing director with effect from 3 October 2016.

He was most recently chief executive officer of Bauxite Resources Ltd (ASX:BAU).

Canterbury brings significant mining and project development expertise to Triton which will be helpful in advancing the Ancuabe Graphite Project in Mozambique to a development decision.

The maiden resource estimate for Ancuabe T12 deposit was completed in May 2016, containing 14.9 million tonnes grading 5.4% total graphitic carbon for 798,000 tonnes of contained graphite.

Triton is progressing the documentation required for an entitlement issue to be offered to eligible shareholders, to raise circa $7.9 million.

The entitlement issue is fully underwritten.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 20 Sep 2016 15:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166136/triton-minerals-ltd-appoints-peter-canterbury-as-managing-director-71112.html
<![CDATA[RNS press release - Change of Registered Office ]]> http://www.proactiveinvestors.com.au/companies/rns/160909ton4550j/ Fri, 09 Sep 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160909ton4550j/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.com.au/companies/rns/160906ton1211j/ Tue, 06 Sep 2016 16:41:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160906ton1211j/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.com.au/companies/rns/160906ton1202j/ Tue, 06 Sep 2016 16:35:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160906ton1202j/ <![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.com.au/companies/rns/160830ton4356i/ Tue, 30 Aug 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160830ton4356i/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.com.au/companies/rns/160601ton8699z/ Wed, 01 Jun 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160601ton8699z/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/160519ton7562y/ Thu, 19 May 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160519ton7562y/ <![CDATA[RNS press release - Interim Statement - 6m to 31 March 2016 ]]> http://www.proactiveinvestors.com.au/companies/rns/160512ton9906x/ Thu, 12 May 2016 07:00:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160512ton9906x/ <![CDATA[RNS press release - Hardman & Co Issues Research Report ]]> http://www.proactiveinvestors.com.au/companies/rns/160406ton3985u/ Wed, 06 Apr 2016 14:55:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/160406ton3985u/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.com.au/companies/rns/160401ton9067t/ Fri, 01 Apr 2016 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160401ton9067t/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/160303ton8530q/ Thu, 03 Mar 2016 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160303ton8530q/ <![CDATA[News - Triton Minerals to update on graphite-vanadium projects ]]> http://www.proactiveinvestors.com.au/companies/news/157790/triton-minerals-to-update-on-graphite-vanadium-projects-67236.html Triton Minerals (ASX:TON) will provide an update to the market on Monday, and is expected to provide detail on planned activities for its Mozambique graphite-vanadium projects.

The company's share price increased from an opening price of $0.053 to an intra-day high of $0.065 and received a query from the ASX.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Mon, 29 Feb 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157790/triton-minerals-to-update-on-graphite-vanadium-projects-67236.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/160224ton0071q/ Wed, 24 Feb 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160224ton0071q/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.com.au/companies/rns/160223ton9023p/ Tue, 23 Feb 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160223ton9023p/ <![CDATA[RNS press release - Result of AGM - February 2016 ]]> http://www.proactiveinvestors.com.au/companies/rns/160217ton3761p/ Wed, 17 Feb 2016 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160217ton3761p/ <![CDATA[News - Triton Minerals' further enhances Balama North with wide zones of graphite ]]> http://www.proactiveinvestors.com.au/companies/news/157788/triton-minerals-further-enhances-balama-north-with-wide-zones-of-graphite-67022.html Triton Minerals' (ASX:TON) latest drilling results underpin the significant and robust graphite deposit at Nicanda West, which is characterised by large to jumbo flake graphite.

Key drilling results include: 31 metres at 10.4% total graphitic carbon (TGC); 8 metres at 10.3% TGC; 13 metres at 9.1% TGC; and 35 metres at 8.1% TGC.

Triton's Balama North Graphite Project in Mozambique comprises the Nicanda West and Nicanda Hill graphite prospects.

The style of the Nicanda West deposit has similarities to the Ancuabe style of mineralisation.

Metallurgical test work has achieved high grades of graphitic carbon concentrates with a dominant proportion of large and jumbo flake.

This means that Nicanda West graphite is suitable for both battery applications and expanded graphite products.

Nicanda West is located 1.2 kilometres north west from the main Nicanda Hill deposit.


Drilling program

Drilling at Nicanda West included a total of eleven diamond drill core and three reverse circulation drillholes.

Initial assay results were from a further three diamond drilling holes that were competed at the end of 2015.


Nicanda Hill and Ancuabe

Across to Nicanda Hill, geotechnical drilling for the Definitive Feasibility Study has confirmed the robustness of the resource model.

Intersections include: 37 metres at 13.1% TGC from 20 metres.

Preliminary test work at Ancuabe has returned some of the highest quality jumbo and super jumbo flake graphite in the world with over 73% of flake exceeding 300u and 43% exceeding 500u.

In addition to its superior flake size, the preliminary test work also indicates that the deposit can produce grades of >98% TGC from flotation.


Primer on Triton's progress

- Triton has the world’s largest known combined graphite-vanadium resource at Balama North.

- Balama North is a globally significant resource: 1.44 billion tonnes at 11.1% TGC.

- A new highly credential and experienced board and management team to take the Company forward.

- Rapid development of Balama North and Ancuabe flagship projects.

- The Balama North and Ancuabe Projects are close to major enabling infrastructure.

- Strong strategic alliance in Mozambique with major German graphite manufacturer, AMG Graphit Kropfmühl (GK).

- The management team have strong networks in Africa, Australia, Europe, North America and China.

- Triton has a 20 year binding offtake agreement with a well established Chinese graphite product manufacturer.


Upcoming catalysts

- Nicanda West: Results from a further four exploration holes are pending.

- Ancuabe: Initial Resource estimate expected in Q1, 2016. Ancuabe early stage feasibility work has commenced.

- Balama North Project: Completed Definitive Feasibility Study is due for completion in mid-2016, and is focussed on scalable and staged production ranging from initial 50,000tpa up to 200,000tpa at full steadystate operation.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Mon, 15 Feb 2016 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157788/triton-minerals-further-enhances-balama-north-with-wide-zones-of-graphite-67022.html
<![CDATA[News - Triton Minerals makes board changes ]]> http://www.proactiveinvestors.com.au/companies/news/157787/triton-minerals-makes-board-changes-66993.html Triton Minerals (ASX:TON) has provided an update on changes to the board of directors.

Alan Jenks has resigned for the reason of ill health.

Christopher Catlow, chairman, commented: "On behalf of the board and management, I thank Mr Jenks for his commitment and dedication as a Director of the company and as a substantial shareholder of Triton."

Rodney Baxter has resigned due to an unexpected increase in the time required to meet his other existing commitments outside of Triton.

Triton has the world's largest known graphite-vanadium deposit in the world at Balama North in Mozambique.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Fri, 12 Feb 2016 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157787/triton-minerals-makes-board-changes-66993.html
<![CDATA[News - Triton Minerals in ASX trading halt pending board changes ]]> http://www.proactiveinvestors.com.au/companies/news/157785/triton-minerals-in-asx-trading-halt-pending-board-changes-66958.html Triton Minerals (ASX:TON) has been granted a trading halt by the ASX, pending changes to the board.

Triton has the world’s largest high grade graphite flake deposit at Balama North in Mozambique.

The halt will remain in place until the opening of trade on Friday 12th February 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Wed, 10 Feb 2016 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157785/triton-minerals-in-asx-trading-halt-pending-board-changes-66958.html
<![CDATA[News - Triton Minerals appoints Garth Higgo managing director ]]> http://www.proactiveinvestors.com.au/companies/news/157782/triton-minerals-appoints-garth-higgo-managing-director-66775.html Triton Minerals (ASX:TON) has strengthened its board and management team with key appointments as it pushes to advance its world-class Mozambican graphite projects.

Garth Higgo, who was appointed chief executive officer in December 2015 has been appointed managing director, and will drive the development of the company’s asset base.

Other appointments include Rodney Baxter as a non-executive director, Patrick Ellis as chief operating officer and Richard Jarvis as chief financial officer.

Christopher Catlow, chairman, commented:

“These key appointments strengthen the leadership team required to transition from explorer to producer as we move the company forward.”

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Fri, 29 Jan 2016 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157782/triton-minerals-appoints-garth-higgo-managing-director-66775.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/160120ton4788m/ Wed, 20 Jan 2016 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160120ton4788m/ <![CDATA[News - Triton Minerals graphite plays lure investors in tight market ]]> http://www.proactiveinvestors.com.au/companies/news/157780/triton-minerals-graphite-plays-lure-investors-in-tight-market-66609.html Triton Minerals (ASX:TON) has attracted about A$1.8 million in new investments in a difficult equity market as the company seeks to improve resources and feasibility metrics at its Mozambican graphite properties.

The funds came via recently close entitlement offer priced at A$0.09 per share, with acceptances received for a total of about 20.4 million shares.

This strong vote of confidence from existing shareholders was supported by a $4 million underwriting commitment by commodities-focused investment banking firm GMP Securities Australia.

Further endorsement for the $11.3 million fundraiser will be sought in a shortfall placement aimed at raising an additional $7.3 million within three months.

The funding drive first flagged in November last year is expected to be used to define resources at the P66 zone of the company’s Nicanda Hill project as well as at the Ancuabe project.

Part of the proceeds will be used to fund the start of construction for a joint venture manufacturing facility in Mozambique with JV partner Yichang Xincheng Graphite.

These plans are unfolding as Triton incorporates positive new drilling results from P66 as part of a proposed integrated operation designed to produce high-purity flake graphite.

A revised site plan and process flow sheet have been finalised whilst the metallurgical test work and geotechnical assessments are ongoing.

An expanded Definitive Feasibility Study is expected to be completed in mid-2016.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Mon, 18 Jan 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157780/triton-minerals-graphite-plays-lure-investors-in-tight-market-66609.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/160115ton0456m/ Fri, 15 Jan 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160115ton0456m/ <![CDATA[News - Triton Minerals graphite portfolio advances strongly as funding nears ]]> http://www.proactiveinvestors.com.au/companies/news/157778/triton-minerals-graphite-portfolio-advances-strongly-as-funding-nears-66545.html Triton Minerals (ASX:TON) is set to deliver results from an ambitious fundraiser by the end of the week as the company continues to expand a Definitive Feasibility Study (DFS) to include new drilling at the Nicanda Hill graphite project in Mozambique.

The update comes with the closure today of an entitlement offer at an issue price of $0.09 per share aiming to raise up to $11.3 million.

The funding drive first flagged in November last year has been underwritten to a value of A$4 million by GMP Securities Australia and is expected to be used to define resources at Nicanda Hill's P66 zone as well as at the company's Ancuabe project (also in Mozambique).

Part of the proceeds will be used to fund the start of construction for a joint venture manufacturing facility in Mozambique with JV partner Yichang Xincheng Graphite.

These plans are unfolding as Triton incorporates positive new drilling results from P66 as part of a proposed integrated operation designed to produce high-purity flake graphite.

A revised site plan and process flow sheet have been finalised whilst the metallurgical test work and geotechnical assessments are ongoing.

The expanded DFS is expected to be completed in mid-2016.


Building momentum

Anticipation around the establishment of a more robust operation at Nicanda follows an increase in the measure resource to 33 million tonnes at 12.3% total graphitic carbon (TGC) and 0.34% vanadium (V2O5) as part of a massive total resource estimate of 1.4 billion tonnes at 11.1% TGC.

This has provided the basis for the 10-year projected life of mine at Nicanda Hill and firms the project’s status as the largest known high-grade flake graphite-vanadium deposit in the world.

Meanwhile, metallurgical work has underlined the unique marketing versatility of graphite from both Nicanda and Ancuabe with new tests confirming large particle sizes and high recovery rates.

A land use application in broader area of Nicanda is also advancing, with ongoing community consultation and land-use mapping program continuing in and around the villages surrounding the proposed operation.

As part of the Environmental and Social Impact Assessment, the final Environmental Pre-viability Report and Scope Definition has been formally submitted.

Site visits and a community interview program have been completed as part of the Resettlement Action Plan (RAP) process, with all communities in full support of the project and no material issues identified.


Ancuabe

Triton's project development progress in Mozambique has otherwise focused largely on encouraging work at Ancuabe, where the discovery of extensive surface graphite has confirmed mining potential.

The recent completion of an initial drilling program at the project’s T12 prospect has delivered intervals of very large flake graphite at grades higher than 5% total graphitic carbon (TGC) in every hole drilled.

The mineralisation has been dominated by particle sizes larger than 300 microns, with 43% of the material measuring greater than 500 microns.

Triton now intends to release an initial resource estimate in Q1 2016.


Analysis

The scope of this latest funding drive reflects Triton’s confidence in its Mozambican graphite assets, which have consistently delivered strong exploration and metallurgical results.

Announcement of the results this week will be supported by a strong show a faith by GMP Securities Australia, a commodities-focused investment banking firm which has underwritten the offer to $4 million.

Triton’s simultaneous development of Nicanda and Ancuabe illustrates a capacity to pursue a vision of national consequence.

These development plans are lent credence by the participation of Chinese partner Yichang Xincheng Graphite, one of the biggest global operators in the graphite space.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Wed, 13 Jan 2016 11:05:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157778/triton-minerals-graphite-portfolio-advances-strongly-as-funding-nears-66545.html
<![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/160112ton4790l/ Tue, 12 Jan 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160112ton4790l/ <![CDATA[RNS press release - Notice of AGM 2016 ]]> http://www.proactiveinvestors.com.au/companies/rns/160111ton4629l/ Mon, 11 Jan 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160111ton4629l/ <![CDATA[RNS press release - Blocklisting 6 Monthly Return ]]> http://www.proactiveinvestors.com.au/companies/rns/160104ton7544k/ Mon, 04 Jan 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/160104ton7544k/ <![CDATA[News - Triton Minerals LOI due diligence period with Shenzhen Qianhai Zhongjin extended ]]> http://www.proactiveinvestors.com.au/companies/news/157776/triton-minerals-loi-due-diligence-period-with-shenzhen-qianhai-zhongjin-extended-66308.html Triton Minerals (ASX:TON) has provided an update regarding the signing of a letter of intent (LOI) with Chinese equity firm and resources trading house, Shenzhen Qianhai Zhongjin Group Co., Ltd (SQZG).

Under the terms of the LOI, SQZG agreed to provide funding of up to US$200 million (A$282 million) to build and develop a graphite concentrate operation with initial capacity to produce up to 200,000 tonnes of graphite concentrate per year from Nicanda Hill, the world’s largest known graphite and vanadium project.

The due diligence period under the LOI is currently due to expire on 31 December 2015.

Accordingly, the company and SQZG have agreed an in principle extension of the due diligence period of the LOI for a further 3 months to 31 March 2016.

All other terms of the LOI remain unchanged.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 22 Dec 2015 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157776/triton-minerals-loi-due-diligence-period-with-shenzhen-qianhai-zhongjin-extended-66308.html
<![CDATA[News - Triton Minerals improves access to $11M fundraiser ]]> http://www.proactiveinvestors.com.au/companies/news/157774/triton-minerals-improves-access-to-11m-fundraiser-66227.html Triton Minerals (ASX:TON) has repriced a A$11.3 million entitlement offer to better reflect the current market conditions and allow eligible shareholders to participate at a more attractive rate per share.

The offer first announced last month at $0.15 per share has been reduced to $0.09 per share.

Shares in Triton were last trading at $0.093.

Options associated with the offer will now be exercisable at $0.15 rather than the prior rate of $0.20 each.

As part of the funding effort, GMP Securities Australia has agreed to partially underwrite the offer to a value of $4 million subject to conditions precedent, termination events and other terms and conditions customary for an underwriting agreement of its nature.

The money raised will be used to define resources at the Ancuabe graphite project and at the P66 zone of Triton’s Nicanda Hill graphite property – both in Mozambique.

Funds will also be applied to expansion of a Definitive Feasibility Study (DFS) to include P66, Ancuabe and a joint venture manufacturing facility in Mozambique and China.

Part of the proceeds will likewise be used to fund the start of construction at this facility with JV partner Yichang Xincheng Graphite.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 17 Dec 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157774/triton-minerals-improves-access-to-11m-fundraiser-66227.html
<![CDATA[News - Triton Minerals to update on Entitlement Offer ]]> http://www.proactiveinvestors.com.au/companies/news/157772/triton-minerals-to-update-on-entitlement-offer-66167.html Triton Minerals (ASX:TON) has been granted a trading halt by the ASX this morning, pending an update on the Entitlement Offer.

Triton has two flagship and world-class projects, located in Mozambique.

Balama North is the world’s largest known flake graphite deposit, while Ancuabe is a jumbo-dominant flake graphite deposit with untapped potential.

Triton also recently appointed Garth Higgo as chief executive officer.

The halt will remain in place until the opening of trade on Thursday 17th December 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 15 Dec 2015 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157772/triton-minerals-to-update-on-entitlement-offer-66167.html
<![CDATA[RNS press release - Preliminary Results 2015 ]]> http://www.proactiveinvestors.com.au/companies/rns/151210ton5803i/ Thu, 10 Dec 2015 07:00:00 +1100 http://www.proactiveinvestors.com.au/companies/rns/151210ton5803i/