Triton Minerals (TON)

Business description

Triton Minerals is an exploration and development company with assets in Australia and Africa. Its main focus is the development of its graphite exploration licences in Mozambique, initially the Ancuabe graphite project, which is being investigated specifically to feed into the nascent, but high-growth lithium-ion battery sector.

Stock data

Market cap.A$57.4m
Last closeA$0.08
High / Low (52 weeks)A$0.1 / A$0.0
Stock market listingAU
Forecast net cash (A$m)3.4
Forecast gearing ratio (%)N/A
TeamResources - Mining

Price performance

Relative *(22.3623)75.964327.4193

* % Relative to local index

Other companies in sector Show

Afferro Mining Afri-Can Marine Minerals
African Barrick Gold African Eagle Resources
African Minerals Alabama Graphite
Alderon Iron Ore Aldridge Minerals
Alkane Resources All Star Minerals
Allied Gold Mining Almonty Industries
Altius Minerals Altona Energy
Amara Mining Amerigo Resources
Amur Minerals Angel Mining
Anglesey Mining Anglo Pacific Group
Antofagasta Aquarius Platinum
Arian Silver Ariana Resources
Asa Resource Aspire Mining
Atalaya Mining Atlantic Gold NL
Aurcana Corporation Aureus Mining
Aurizon Mines Avalon Rare Metals
Avnel Gold Mining Baobab Resources
Bear Creek Mining Bellzone Mining
Bezant Resources Blackthorn Resources
Bushveld Minerals Cabral Resources
Cadence Minerals Caledon Resources
Caledonia Mining Cameco
Canada Lithium Corporation Carpathian Gold
Celamin Holdings Central Asia Metals
Centrex Metals Champion Iron
Chatham Rock Phosphate Chieftain Metals
Coal of Africa Condor Gold
Continental Coal Cradle Resources
Dalradian Resources Danakali
Denison Mines Discovery Metals
Doray Minerals DRDGOLD
Duluth Metals Eastern Platinum
ECR Minerals Edgewater Exploration
Energy Fuels Entrée Resources
Equatorial Resources Euromax Resources
European Goldfields Forsys Metals Corp
Fronteer Gold Frontier Mining
Frontline Gold Galaxy Resources
Gascoyne Resources Gemfields
GMA Resources Gold One
Gold Road Resources Gold Sector Report
Goldcrest Resources Golden Minerals Company
Goldplat Graphite Sector Report
Gunson Resources Hambledon Mining
Hecla Highland Gold
Highlands Pacific Hummingbird Resources
Ichor Coal International Mining & Infrastructure Corp
Iron Road Ironwood Gold
Jameson Resources KEFI Minerals
Kenmare Resources Kingsgate
Kinross Gold Corporation Kopy Goldfields
Lemur Resources Lepidico
Lithium Americas Corp Lithium X Energy
London Mining MacPhersons Resources
Majestic Gold Mandalay Resources Corp
Mariana Resources Matamec Explorations
MDM Engineering Group Medusa Mining
Metallica Minerals Metals Exploration
Minera IRL Mineral Commodities
Minotaur Exploration Mkango Resources
MMG Natural Resource Partners
Ncondezi Energy Nevsun Resources
New Talisman Gold Mines Nkwe Platinum
Nordgold Northern Dynasty Minerals
Norton Gold Fields NovaCopper
OceanaGold Oracle Coalfields
Orbis Gold Ormonde Mining
Orosur Mining Orpheus Energy
Pan African Resources Pan American Goldfields
Papillon Resources Petropavlovsk
Pilot Gold Platmin
PolyMet Mining Polymetals Mining
Randgold Resources Rare Element Resources
Red Rock Resources Regency Mines
Richmont Mines Rio Tinto
Robust Resources Rutila Resources
Sable Mining Seabridge Gold
Shore Gold Sirius Minerals
South American Silver Corp St George Mining
Sumatra Copper & Gold Syndicated Metals
Teck Resources Tiger Resources
Titanium Resources Group Torex Gold
True North Gems U3O8 Holdings
Universal Coal Vatukoula Gold Mines
Veris Gold Corp Victoria Gold
Volt Resources W Resources
Western Areas Wheaton Precious Metals
Wits Gold Wolf Minerals
Woulfe Mining Zanaga Iron Ore Company
Zazu Metals Corporation

Company news

Triton Minerals Ltd shares rise on placement to largest shareholder

Mon, 10 Jul 2017 05:48:45 GMT

Triton Minerals confirms continuity of graphite mineralisation at Ancuabe

Thu, 03 Aug 2017 03:29:10 GMT

Triton Minerals Ltd appoints Peter Canterbury as managing director

Tue, 20 Sep 2016 05:21:05 GMT

Triton Minerals Ltd (ASX:TON) New Triton

Mon, 05 Dec 2016 22:52:30 GMT

Triton Minerals reveals highest ever graphite grades at Ancuabe

Wed, 25 Jan 2017 05:08:55 GMT

Y/E Dec Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2015A 0.0 (5.2) (5.2) (3.6) N/A N/A
2016A 1.8 (2.1) (2.1) (0.5) N/A N/A
2017E 0.0 (2.5) (2.5) (0.4) N/A N/A
2018E 0.0 (4.6) (4.6) (0.5) N/A N/A

Last updated on 28/09/2017

Investment summary

Critical to the development of any opaquely traded commodity project is establishing an end-customer network. To this end, Triton Minerals (TON) has forged a number of pre-commercial agreements covering up to 80% of the output from its future Ancuabe graphite mine in Mozambique. This note highlights these memorandums of understanding (MoUs), as well as some background to the companies with which the MoUs were signed. We also consider the effect of mining higher grades for longer from the company’s T16 deposit – a key future catalyst to our valuation.

Last updated on 03/10/2017

Industry outlook

We revise our valuation only to reflect the current 9.4c TON share price (previously 5.0c), which results in a reduction in dilution and an uplift of 17% in the Ancuabe value to 15.6c. To this can be added a further 9c for its resources at Balama and Nicanda Hill/West, for a total value of 24.6c. It is worth noting that our total valuation increases to 26.0c/share at a share price of 12c, and 26.6c/share at 14c. Further to this, we highlight the potential for higher grades to be mined from the T16 deposit. For illustrative purposes only, if this level of grade could be mined through to year 18, our base case 15.6c DCF value of Ancuabe would increase significantly, by 30% to 20.4c.

Last updated on 03/10/2017

Key management

Peter Canterbury, MD
David Edwards, CFO

Company address

Ground Floor 10 Outram Street
West Perth
WA 6005
+61 8 6489 2555
View website