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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% | |
45 Neutral | AU$21.95M | -0.52 | -77.38% | ― | ― | ― | |
45 Neutral | AU$10.96M | -1.85 | -40.27% | ― | ― | -114.29% | |
44 Neutral | AU$14.12M | -1.07 | -13.11% | ― | ― | ― | |
44 Neutral | AU$12.86M | -3.15 | -380.81% | ― | ― | -32.39% | |
44 Neutral | AU$26.00M | -6.37 | -24.52% | ― | ― | 26.67% | |
40 Underperform | AU$10.27M | -1.36 | -57.07% | ― | ― | 44.90% |
Triton Minerals Limited Corporate Events
Triton Minerals has announced that Andrew Frazer has transitioned from an executive director role to become a non-executive director on its board. He has been a board member since June 2021 and previously served as both non-executive and executive director, contributing significantly to the company’s strategy and governance.
In his new capacity, Frazer will continue to provide strategic guidance and support as Triton progresses its key projects and corporate initiatives. His remuneration has been revised to align with the company’s non-executive director fee structure, underscoring a formal shift in responsibilities while maintaining his influence at board level.
The most recent analyst rating on (AU:TON) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Triton Minerals Limited stock, see the AU:TON Stock Forecast page.
Triton Minerals has progressed the staged divestment of 70% of its Mozambique graphite assets to NQM Gold 2 Pty Ltd, executing a Shareholders’ Cooperation Deed that sets the governance and operational framework for the joint venture and moves the transaction closer to completion, with the company retaining a 30% stake in the Ancuabe project and having received about $11.5 million to date. The company also completed a maiden drilling campaign at its Aucu Gold–Copper Project in Mozambique, undertook initial fieldwork and sampling, streamlined its share register through an unmarketable parcel sale facility, allowed a large tranche of options to lapse, and ended the quarter debt-free with $4.9 million in cash, underscoring a strategic pivot to monetising graphite assets while advancing early-stage gold-copper exploration.
The most recent analyst rating on (AU:TON) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Triton Minerals Limited stock, see the AU:TON Stock Forecast page.
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.