Sorry! Some how missed the section in the latest quarterly!
TENEMENTS
• Ancuabe (MC913 2C) - The Company holds a 100% beneficial interest in the Ancuabe Mining Concession.
• Nicanda Hill (EL5966) - As previously advised, the Company was advised that the area of the Nicanda Hill licence was reserved for public tender. This was notwithstanding the best efforts of the Company to have the Nicanda Hill licence renewed. Triton through its advisers in Mozambique has appealed to the Minister and other relevant authorities. Triton is making every effort to obtain a renewal of the licence and will keep the market updated in this regard. Page 3
• EL5305, EL5380, EL5365 and EL5304 - In relation to these concession Triton’s wholly owned subsidiary, Grafex Limitada, remains listed as the holder of these tenements on the Cadastre. However, given the time involved in the consideration of the various extension/modification applications lodged by Grafex in relation to these tenements, the Company has commenced with its advisors the process of making fresh applications over the areas the subject of these tenements, regarding this as the best way forward. The Company will continue to review these tenements going forward, in the context of its focus being firmly on the development of Ancuabe and securing the return of Nicanda Hill.
SO this sounds far more promising!!!
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Sorry! Some how missed the section in the latest quarterly!...
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