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Triton Minerals Limited
(Sydney:TON)
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Rating:44Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily weighed down by weak financial performance: minimal revenue, ongoing losses, and persistent negative free cash flow indicating continued reliance on external funding. Low leverage provides some balance-sheet flexibility, but high volatility (beta 2.78) and limited valuation support (negative P/E, no dividend yield) keep the overall score in the low range.
Positive Factors
Low leverage / conservative balance sheet
Very low debt provides durable financial flexibility for a development-stage miner. It lowers insolvency risk and preserves capacity to fund project milestones via equity, joint ventures, or project finance, enabling multi-year development without excessive fixed interest burden.
Negative Factors
Persistent negative cash generation
Consistent negative operating and free cash flow forces reliance on external financing or asset sales, raising dilution and execution risk. For a project developer, ongoing cash burn constrains ability to advance construction or secure long-term offtakes without partners or fresh capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low debt provides durable financial flexibility for a development-stage miner. It lowers insolvency risk and preserves capacity to fund project milestones via equity, joint ventures, or project finance, enabling multi-year development without excessive fixed interest burden.
Read all positive factors
Triton Minerals Limited (TON) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.92M
Dividend YieldN/A
Average Volume (3M)663.68K
Price to Earnings (P/E)―
Beta (1Y)2.62
Revenue GrowthN/A
EPS Growth43.90%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,568,388,800
10 Day Avg. Volume939,095
30 Day Avg. Volume663,682
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.99
Price to Sales (P/S)0.00
P/FCF Ratio-5.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Triton Minerals Limited Business Overview & Revenue Model
Company Description
Triton Minerals Limited primarily focuses on discovering, appraising, and developing graphite ventures within Mozambique. Their principal undertaking is the Ancuabe Graphite Project, also located in Mozambique. Beyond graphite, the company also co...
How the Company Makes Money
Triton Minerals’ expected revenue model is tied to the development and operation (or monetisation) of its graphite assets. In general, the company would make money by (1) selling mined and processed graphite products (e.g., graphite concentrate an...
Triton Minerals Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 66.31K | 0.00 |
| Gross Profit | -121.07K | -106.39K | -47.46K | 58.94K | -13.43K |
| EBITDA | -2.85M | -2.28M | -2.67M | -2.36M | -3.36M |
| Net Income | -3.58M | -6.36M | -2.77M | -2.43M | -3.41M |
Balance Sheet | |||||
| Total Assets | 29.79M | 30.55M | 30.00M | 27.24M | 26.46M |
| Cash, Cash Equivalents and Short-Term Investments | 4.46M | 3.87M | 2.63M | 3.03M | 3.96M |
| Total Debt | 77.52K | 186.22K | 286.02K | 0.00 | 0.00 |
| Total Liabilities | 12.38M | 8.61M | 1.48M | 825.54K | 1.59M |
| Stockholders Equity | 17.41M | 21.94M | 28.52M | 26.42M | 24.87M |
Cash Flow | |||||
| Free Cash Flow | -2.98M | -2.00M | -5.33M | -4.62M | -2.51M |
| Operating Cash Flow | -2.98M | -2.00M | -2.43M | -3.85M | -1.43M |
| Investing Cash Flow | 3.78M | 3.38M | -2.90M | -761.91K | -1.08M |
| Financing Cash Flow | -176.03K | -97.50K | 4.95M | 3.68M | 4.16M |
Triton Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
47 Neutral | AU$21.45M | -5.91 | -10.76% | ― | ― | 28.50% | |
44 Neutral | AU$3.92M | -1.09 | -19.33% | ― | ― | 43.90% | |
44 Neutral | AU$7.35M | -2.14 | -38.97% | ― | ― | 80.00% | |
44 Neutral | AU$4.15M | -0.19 | -247.28% | ― | ― | -766.67% | |
42 Neutral | AU$17.31M | -20.00 | -7.13% | ― | -25.35% | 95.00% | |
41 Neutral | AU$10.27M | -2.86 | -20.54% | ― | -7.64% | 28.93% |
* Basic Materials Sector Average
AU:TON
Triton Minerals Limited
0.01
>-0.01
-9.09%
AU:LIT
Lithium Australia NL
0.01
0.00
0.00%
AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-9.09%
AU:INF
Infinity Lithium Corporation Limited
0.01
-0.01
-50.00%
AU:IG6
International Graphite Limited
0.04
-0.01
-25.93%
AU:SGA
Sarytogan Graphite Limited
0.08
<0.01
1.25%
Triton Minerals Limited Corporate Events
Triton Minerals Shares Suspended Amid Mozambique Asset Sale Uncertainty
Aug 4, 2026
Triton Minerals Limited, an ASX-listed graphite producer with key assets in Mozambique, operates within the broader battery and industrial materials markets.The ASX has moved Triton Minerals’ securities from a trading halt to formal suspensi...
Triton Minerals Faces Graphite Deal Delay as Aucu Gold-Copper Drilling Shows Promise
Jul 31, 2026
Triton Minerals reported that it has satisfied the key Mozambique government approval for the sale of a 70% stake in its graphite assets to NQM Gold 2, but completion has been delayed and NQM is in default, with Triton seeking specific performance...
Triton Minerals Halts Trading Ahead of Mozambique Graphite Asset Sale Update
Jul 31, 2026
Triton Minerals Limited has requested and been granted a trading halt in its ordinary shares on the ASX, effective 31 July 2026. The halt will remain in place until either the start of normal trading on Tuesday, 4 August 2026, or the release of a ...
Triton Minerals Halts Trading Pending Update on Mozambique Asset Sale
Jul 13, 2026
Triton Minerals has requested and received an immediate voluntary suspension of trading in its ASX-listed securities, effective 14 July 2026, to prevent trading on an uninformed basis. The company is finalizing an announcement regarding the status...
Triton Minerals halts trading ahead update on Mozambique asset sale
Jul 10, 2026
Triton Minerals has requested a trading halt in its ordinary shares on the ASX, as it prepares an announcement on the status of completion of a Share Sale and Purchase Agreement for its Mozambique graphite assets. The halt will remain in place unt...
Triton Issues Default Notice Over Delayed Mozambique Graphite Asset Sale
Jul 2, 2026
Triton Minerals has reiterated that all conditions for completing the sale of its Mozambique graphite assets to NQM Gold 2 Pty Ltd have been satisfied, and that completion was required to occur on 1 July 2026 under the existing share sale and purc...
Triton Nears Completion of Mozambique Graphite Asset Sale to NQM
Jun 24, 2026
Triton Minerals has notified NQM Gold 2 that it believes all conditions precedent under their Share Sale and Purchase Agreement for the sale of Triton’s Mozambique graphite assets have been satisfied, marking a key milestone toward closing t...
Triton Minerals Flags Late Lodgement of Director Interest Notice
Jun 22, 2026
Triton Minerals Limited has disclosed that its Final Director’s Interest Notice for former director Andrew Frazer was lodged with the ASX later than required under listing rules due to an administrative oversight after his resignation on 28 ...
Triton Minerals Discloses New Director Yang Li’s Indirect Shareholding
Jun 22, 2026
Triton Minerals Ltd has notified the ASX of the appointment of Yang Li as a director effective 22 June 2026, in accordance with listing rule requirements. The filing discloses that while Yang Li holds no Triton shares directly, he has an indirect ...
Triton Minerals strengthens board with appointment of Yang Li as non-executive director
Jun 22, 2026
Triton Minerals Limited has appointed Yang Li as a Non-Executive Director, effective 22 June 2026, adding a seasoned mining executive with more than 19 years of experience in lithium, gold, iron ore and base metals. His background in project devel...
Triton Clears Key Mozambique Hurdle for Graphite Joint Venture with NQM
Jun 19, 2026
Triton Minerals has secured the reissue of mining concessions for its Mozambique Graphite Assets, with the Government of Mozambique approving an ownership structure under which NQM Gold 2 Pty Ltd will hold 70% and Triton will retain 30% in the joi...
Triton Minerals Adds Online Access and Q&A to 2026 AGM
May 12, 2026
Triton Minerals has confirmed arrangements for its 29 May 2026 Annual General Meeting, which will be held in person at its Perth office. To broaden access, the company will also offer an online Microsoft Teams session for shareholders who cannot a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.