Relist Price, page-75

90% of wolves have taken up 6c options.

The weak pound also makes a 20% difference to many long term holders from the U.K. - Which is 30% of the register.

Put these together and many wolves and LTH are exited to be back in the game. Many have been chased for their entitlements to which shows how some HNWI believe the value is under priced currently.

Minjar have not only taken a position in the company but they have also taken up full allocation of 6cent options. One would think that if it dropped lower then they would pick up any slack.

The deposit has had $300k (as in the recent docs) to finally prove that the graphite levels stack up to published figures. So no more of this missing drilling results etc etc.

A new clean slate group of management ready to push toward mining and also buying $100k worth of stock at 6cents.

The Chinese have been made aware of ancuabe graphite through testing the samples under the last management and obviously view it to be exceptional.

N Hill is huge, almost as economic as Syrah and an asset to keep till projected demand growth ramps up.

With other peers working on significant battery offtakes from published material and sentiments issued then graphite still has legs in my opinion. In fact I believe sector interest with increase soon perhaps on a combination of peer Ann's and EV/refractory growth.

If tritons focus is to start small and use existing infrastructure in ancuabe to grow and expand then many investors would take comfort in that support for the medium to long term.

The commodity sector looks to be getting exciting again with iron ore at 2 year highs. Graphite was under pressure in the last few years with the crippling demise of the steel
Industry and this will be a welcome return for any graphite project going forward.

Poor management took the strong assets here to a near death experience. No budgeting, poor/no addition of experienced employees within the sector and seat of the pants management style gave a negative feel during this commodity crunch cycle.

The last downturn was mainly due to wasting huge sums of money and failing to budget for 6 months at a time.

I wish all peers to hit milestones and look forward to graphite sector excitement
In the near future.

Triton is a strong takeover target IMO and I hope management show clarity soon with direction and confidence to market to finally do
What should have been done 4 years ago.

From benchmark minerals figs 105,000 tonnes of graphite is used for spherical currently and 100% was from china. Minjar are not only hedging with tritons assets here they are protecting their industry for the predicted future. They can piggie back Syrah on infrastructure but get top quality expandable graphite from ancuabe near term too.

Higgo has certainly pulled off a great and welcome return for the company and I believe he didn't earn a penny. I wish him luck where ever he goes.

New management are being paid far too much currently IMO and to earn it they need to work hard and develop this crazy story into the polished article now.

Triton 2.0 the return i am sure will be entertaining at the very least.
CM