TON (ASX) Ann: Lodgement of Prospectus

Originally posted by stevenjd ↑

theres two prominent things that have shifted since TON 1.0, which pre-existed in a period where Nicanda hill, competing with oversupply fear from Syrah. Was not in the right time for it to be developed.

1. The growing demand and price point of expandable flake, re-fire retardant industry, china cleaning up their pollution, chinese domestic supply weakening. This shifts focus to countries that can fill that gap. Mozambique.

Triton had shifted to a non syrah competitive path forward with two ideal projects Ancuabe and Nicanda West.

2. The vanadium battery storage mega cycle the world is turning towards, that puts Nicanda Hill back on the front page .

Ann 13 march

"Interest from parties seeking to joint venture into the development of Nicanda Hill, one of the world’s largest graphite and vanadium deposits has the potential to be value accretive and provide a non-dilutive source of funding for near term development of Ancuabe"

"Ideally Positioned in the Graphite and Vanadium Markets Triton's projects are located in Mozambique which has a long history of mining and a supportive government that provides a stable jurisdiction to finance and develop high quality projects. This, combined with the major increase in demand for battery minerals and the burgeoning flame-retardant market, has placed Triton, with its advanced world class Ancuabe Graphite Project and Nicanda Hill Graphite/Vanadium Project, in a unique position amongst graphite and vanadium developers"

Take all that into account, and consider a view past all the whinging on this forum, and ask if we live in a world today, where these assets are going to get developed.

Then make your bets. Are these offtakes going to mature to binding, as suggest within a month.

"Offtake Agreements

Triton also met with Qingdao Tianshengda Graphite (Tianshengda) and Qingdao Haida Graphite (Haida) to progress contractual arrangements to convert the existing non-binding offtake term sheets into binding agreements. Triton and its legal team is currently finalising the detailed terms of the proposed binding offtake agreements.

Tianshengda and Haida expressed their confidence in the Ancuabe Project and quality of the development and metallurgical studies undertaken. They indicated that their interest in Triton was due to its near-term development and product range of predominantly large flake and high purity graphite. These qualities make Ancuabe graphite ideally suited to the high value graphite products including the expandable graphite markets that is undergoing significant demand growth. Discussions in China also indicated that market price premiums for larger flake graphite over smaller flake is widening due to supply constraints of large flake graphite in China.

Fortunately for Triton Ancuabe is one of the very few projects outside Tanzania suitable for expandable graphite and is located in Mozambique with a very supportive government in what is the premier graphite region in the world.

Triton remains confident of finalising the binding offtake agreements within the next month."

people are complaining about boxes not being ticked. But i see boxes under the christmas tree waiting to be opened. And that for mine is price point to either buy or hold when the market is fearful.

Expand

Great of you to keep flying the flag, somebody got to do it I supposed. But for TON management, talk is cheap. And plenty of fancy words of expectation. But no deals so far.

Played the deadline game with the 2 Chinese companies, came back empty handed. What goes??

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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $12.54M

Open	High	Low	Value	Volume
0.7¢	0.8¢	0.7¢	$12.05K	1.667M

Ann: Lodgement of Prospectus, page-19

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