Sign up Australia
Proactive Investors - Run By Investors For Investors

Triton Minerals countdown to re-listing starts now

Triton Minerals (ASX:TON) is hitting the ASX boards again at 10am today, Tuesday 6th December 2016, after a long hiatus which allowed the company to be re-capitalised and a new board and management implemented.
Triton Minerals countdown to re-listing starts now
Triton will hit the ASX boards again at 10am today.

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.

View full TON profile View Profile

Triton Minerals Ltd Timeline

Related Articles

Picture of Teal Gold Project
April 10 2018
Management recently upgraded production guidance at the Teal Gold Project.
January 30 2018
Tango Mining is looking forward to a strong 2018, as diamond production comes on stream from two mines
aerial view of Challenger gold mine
March 27 2018
The company recently accessed a never-before mined area underground, Challenger Deeps.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use