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Triton Minerals Limited ( (AU:TON) ) has shared an update.
Triton Minerals Limited has made significant progress in divesting 70% of its Mozambique Graphite Assets to NQM Gold 2 Pty Ltd, receiving $3 million and placing $5.5 million in trust pending final settlement. This divestment is crucial for Triton’s strategy to secure funding and advance its Ancuabe Graphite Project, where it retains a 30% interest. Additionally, Triton has commenced initial fieldwork for its Aucu Gold-Copper Project in Mozambique, marking a strategic move into copper-gold exploration. The project involves geological mapping and sampling, with the aim of identifying priority drill targets, thereby expanding Triton’s resource base and growth potential.
More about Triton Minerals Limited
Triton Minerals Limited operates in the mining industry, focusing on graphite and copper-gold exploration. The company is actively involved in projects in Mozambique, including the Ancuabe Graphite Project and the Aucu Gold-Copper Project, aiming to enhance its market position and secure near-term funding.
YTD Price Performance: -9.09%
Average Trading Volume: 1,394,982
Technical Sentiment Signal: Sell
Current Market Cap: A$12.55M
For an in-depth examination of TON stock, go to TipRanks’ Overview page.