Triton Minerals

Triton Minerals

Primary ticker: ASX:TON
Stage of development: Development
Primary minerals: Graphite
Project to promote: Ancuabe Graphite Project

Live financials

Triton Minerals Limited (ASX Code: TON) is an ASX listed emerging graphite producer with three world class graphite projects in the Cabo Delgado region of Northern Mozambique, a proven region for Graphite. Independent testwork has demonstrated that Ancuabe’s large flake and high concentrate graphite is a key market differentiator making it well positioned to be a market leader in the expandable market. The feasibility study was completed in December 2017 and demonstrated that the project has robust economics and will generate strong returns. The mining concession was granted in May 2019 and development is now subject to financing.

Management Profile

Peter Canterbury, Managing Director

Peter Canterbury is a highly regarded senior executive with significant knowledge of project development in Australia, Europe and Africa. Previously CEO of Bauxite Resources and CFO of Sundance Resources. At Sundance he led the negotiation of the Cameroon Mining and Development convention for the US$5billion integrated iron ore mine rail and port project. From 2001 to 20017, he was CFO of Dadco Europe, which owns the Stade Alumina refinery in Germany and a share in the CBG bauxite mine in Guinea and 1989-2001 held various management roles in Alcoa.

What is your rationale for attending 121 Mining Investment?

The purpose is to increase the profile of the Company and to meet potential investors

What recent news would you like to highlight to investors attending?

The Company announced in late 2019 that Jinan Hi Tech (JHT), a major Chinese SOE, completed an investment of $19.5M in Triton via a direct investment into Triton of $8.5M and the acquisition of shares from Triton’s majority shareholder, Shandong Tianye Mining, for $11.5M. In addition to the investment of 34.01% of Triton, JHT agreed to provide financing support for the EPC package debt funding and has undertaken significant work with the Chinese banks on this financing

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Provide notice to proceed to our EPC partner MCC International

6 Months:
Finalise debt financing packages and commence construction

12 Months:

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Financing the development of the project

In a sentence, what do you think makes your company such a compelling investment?

The graphite market is undergoing transformational growth. Chinese producers, who have typically produced 80% of global flake production, are experiencing supply pressure with diminishing reserves, lower grades, poor flake-size and mounting environmental and legislative pressure from the Government. Technology and environmental concerns are key drivers of global market growth for the expandable graphite used in flame retardant building materials and the lithium ion battery market. Triton’s product quality is ideally suited to both markets.