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Triton Minerals Limited
(Sydney:TON)
Triton Minerals Limited (TON) vs. iShares MSCI Australia ETF (EWA)
Triton Minerals Limited Business Overview & Revenue Model
Triton Minerals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 66.31K | 0.00 | 0.00 |
| Gross Profit | -128.71K | -106.39K | -47.46K | 58.94K | -13.43K | -140.03K |
| EBITDA | -2.87M | -2.28M | -2.67M | -2.36M | -3.36M | -1.97M |
| Net Income | -7.05M | -6.36M | -2.77M | -2.43M | -3.41M | -2.16M |
Balance Sheet | ||||||
| Total Assets | 30.43M | 30.55M | 30.00M | 27.24M | 26.46M | 23.98M |
| Cash, Cash Equivalents and Short-Term Investments | 4.39M | 3.87M | 2.63M | 3.03M | 3.96M | 2.32M |
| Total Debt | 133.41K | 186.22K | 286.02K | 0.00 | 0.00 | 59.08K |
| Total Liabilities | 10.83M | 8.61M | 1.48M | 825.54K | 1.59M | 1.25M |
| Stockholders Equity | 19.61M | 21.94M | 28.52M | 26.42M | 24.87M | 22.73M |
Cash Flow | ||||||
| Free Cash Flow | -2.67M | -2.00M | -5.33M | -4.62M | -2.51M | -2.63M |
| Operating Cash Flow | -2.66M | -2.00M | -2.43M | -3.85M | -1.43M | -1.94M |
| Investing Cash Flow | 6.99M | 3.38M | -2.90M | -761.91K | -1.08M | -687.66K |
| Financing Cash Flow | -127.08K | -97.50K | 4.95M | 3.68M | 4.16M | 105.24K |
Triton Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$13.70M | -2.47 | -56.10% | ― | ― | 44.90% | |
45 Neutral | AU$3.60M | ― | -71.65% | ― | ― | ― | |
45 Neutral | AU$9.71M | -2.25 | -40.27% | ― | ― | -114.29% | |
44 Neutral | AU$20.39M | -2.89 | -13.11% | ― | ― | ― | |
42 Neutral | AU$12.86M | -3.40 | -213.82% | ― | ― | -32.39% | |
42 Neutral | AU$38.87M | -13.64 | -31.20% | ― | ― | 26.67% |
Triton Minerals Limited Corporate Events
Triton Minerals has executed a Shareholders Cooperation Deed with NQM Gold 2 Pty Ltd, marking a major milestone under its previously announced Share Sale and Purchase Agreement. The deed satisfies a key condition precedent and will set the framework for shareholder cooperation and governance for the project companies once completion occurs, though formal completion and handover still depend on remaining conditions being met, with Triton committing to keep the market updated on further material developments.
Triton Minerals has issued a clarification to its 19 December 2025 market update, stating that certain statements and a photograph in Figure 2 of that announcement were visual estimates of mineralisation and did not comply with ASX guidance on reporting such estimates. The company has formally retracted the information related to Figure 2 and cautioned investors not to rely on those visual estimates when making investment decisions, underscoring its need to align disclosures with regulatory standards and potentially tempering any earlier investor interpretations of the project’s mineral potential.
Triton Minerals has provided a market update on its maiden drilling campaign at the Aucu Gold–Copper Project in Mozambique and the planned sale of a 70% stake in its graphite assets. Despite slower-than-expected progress due to technical and operational challenges, the company reports encouraging geological observations from 1,094 metres of drilling across 25 targets, including quartz veining, sulphide mineralisation, strong alteration and visible copper oxides that align with its gold–copper exploration model, with samples to be progressively dispatched for lab assays. To improve productivity and address onsite constraints, Chief Operating Officer and Executive Director Adrian Costello has travelled to Mozambique to work directly with drilling crews, review logistics and equipment performance, support local site management, strengthen relationships with service providers and engage with local communities, signalling Triton’s commitment to advancing the project and maintaining responsible development practices while it restructures its graphite portfolio.
Triton Minerals Limited announced that its 144,000,000 listed options, which are exercisable at A$0.04 and set to expire on 31 December 2025, are significantly out-of-the-money. As a result, the company has been granted a waiver from ASX Listing Rule 6.24, meaning option expiry notices will not be sent unless the market price of the company’s shares approaches the exercise price before the expiry date. This decision reflects the current market conditions where the company’s share price is considerably lower than the option exercise price, impacting the likelihood of option exercise.
Triton Minerals Limited has completed a share sale facility for holders of unmarketable parcels of shares, which are defined as holdings valued at less than A$500. This initiative allowed shareholders with small holdings to sell their shares cost-effectively, reducing administrative costs for the company. The facility resulted in the sale of approximately 23.6 million shares, representing 1.5% of the company’s issued capital and affecting 54% of the shareholders on the register. This move is expected to streamline operations and improve efficiency in managing shareholder records.
Triton Minerals Limited has commenced its initial drilling program at the Aucu Gold-Copper Project in Tete Province, Mozambique. This marks the company’s first on-ground exploration campaign at Aucu, targeting multiple zones within the project area. Early geological logging has shown promising signs of gold-copper mineralization, with quartz veining and sulphide occurrences identified. The program is designed to test structural and geochemical targets, with 1,400 meters of drilling planned across ten priority areas. Triton aims to refine its exploration model and continue engaging with local stakeholders as the project progresses.
Triton Minerals Limited has commenced initial site works at the Aucu Gold-Copper Project in Mozambique, following positive engagements with government and community stakeholders. The company has started site preparation, including clearing access tracks and collecting rock samples for analysis, marking a significant step in its exploration activities.
Triton Minerals Limited has provided an update on its legal proceedings and operational planning. The company is working to resolve outstanding issues related to the Share Sale and Purchase Agreement for its Mozambique graphite projects, with a case management hearing scheduled for December. Concurrently, Triton is advancing its operational planning for the Aucu Gold-Copper Project, with initial fieldwork underway. The company aims to balance resolving legal disputes with progressing its exploration initiatives to support long-term shareholder value.
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.
Triton Minerals Limited is progressing with the completion of its Graphite Sale, having resolved a dispute through a Deed of Settlement and Variation with NQM. The company is also advancing its Aucu Gold-Copper Project with site mobilization and preparatory works underway, which aligns with its broader exploration strategy. Additionally, Triton has launched an Unmarketable Parcel Purchase Scheme to improve administrative efficiency and reduce costs, receiving positive feedback from shareholders.
Triton Minerals Limited has announced the establishment of a share sale facility for shareholders holding unmarketable parcels of shares valued at less than A$500. This initiative allows small shareholders to sell their shares without incurring brokerage fees, while also reducing the administrative costs for the company associated with maintaining numerous small shareholdings. Shareholders have until 19 November 2025 to decide whether to retain their shares or have them sold through the facility.