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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.

Ancuabe - broad high purities, great location

QuickView | Mining | 03/02/2017

Located near to excellent infrastructure in Mozambique, including the port of Pemba, in a proven graphite-producing region, Triton’s exploration licences (including its new flagship Ancuabe project) point to a potentially higher-value graphite resource due to higher purity levels being achieved across a broad range of size fractions via a simple flotation process. However, purity figures are based on limited test data, so Triton is expediting its understanding of Ancuabe material and its suitability for use in the high-growth lithium-ion batteries (LiBs) and expandable graphite end-markets. After these assessments and the release of a maiden JORC resource (due in Q117), Triton intends to fast-track a PFS.

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Stock data

Market cap.A$56.8m
Last closeA$0.068
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 *(15)(29.1)9.9

* % Relative to local index

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