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$55.4m
Last closeA$0.07
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
SectorMining

Price performance

%1m3m12m
Actual0.0(20.5)8.0
Relative *(0.1)(24.4)(0.9)

* % Relative to local index

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Company news

Triton Minerals: Triton Delivers Robust DFS and Maiden Ore Reserve for Ancuabe ...

Fri, 15 Dec 2017 11:48:45 GMT

Triton Minerals Limited (TON) Soars 12.5% on Dec 16

Sat, 16 Dec 2017 03:54:23 GMT

Triton Minerals to boost cash for advanced projects in Mozambique's graphite ...

Mon, 06 Nov 2017 22:14:51 GMT

Triton Minerals Ltd (ASX:TON) New Triton

Mon, 05 Dec 2016 22:52:30 GMT

A Look At Triton Minerals Limited (ASX:TON) And The Basic Materials Sector

Fri, 17 Nov 2017 00:56:15 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 28/11/2017

Investment summary

TON has announced a number of project developments that support the company’s goal of fast-tracking Ancuabe to production. Announced on 9 November 2017, TON launched a A$6m underwritten entitlement offer, with funds used to run a pilot plant, undertake project test work, continue offtake negotiations, and undertake early works, EPC, approvals, offer costs and working capital. Alongside this offer, TON has submitted its mining application to the authorities and, on 27 November 2017, announced that its potential EPC contractor engagement has moved into the final stages of due diligence. TON states it is undertaking negotiations with two major construction companies and expects debt financing to be a component of any agreement. TON expects to release a maiden reserve and feasibility study in December 2017, and hold site visits in January 2018.

Last updated on 13/12/2017

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.

Last updated on 13/12/2017

Key management

Peter Canterbury, MD
David Edwards, CFO

Company address

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