These are my words/notes interpreted by myself only and taken swiftly on a smart phone during Brad Boyles Triton Minerals Presentation and discussion during.
I am not in anyway a company spokesman or representative of Triton Minerals and please take the entirety of this post as in my opinion/interpretation only and do your own research.
To give you an idea of numbers in attendance, additional seating was required in the room as the initial fifty or so chairs soon became over eighty seated with many standing also.
Brad had told us he'd been awake for over 35 hours and his & Libby Plunkett's luggage was lost after flying from Pemba, leading them to a local shopping trip just prior to the presentation
I had printed a four page long, question/notes list , mainly copying & pasting your questions on this board along with a few of my own. This was handed to Brad and read through after the presentation during an any question period with any points not mentioned or covered during the presentation then answered / discussed
I have an extremely busy morning today so apologise for not writing the below up fully as I would have liked, but hopefully we can get discussing on the following bullet points please note these are notes and ill try & add my general feelings and thoughts later;
Initial Mining pit Likely to be Northern zone 2-3km pit western side hill, Come in from side & strip out the hill
Granite amongst other Intrusions upgraded some cores to 30%
Site Visits are welcome by all
Variation in host rock throughout Nicanda – Northern weathered zones key to flake presevation
Nicanda Hill hosting HG1 250m above surrounding ground level
Hitting granite host rock at top of Hill
Line N12 hosting 20-25% GrC
$4.5 m cash in bank at present
Bitumen Highway Road complete Balama North
10k gravel road off Highway to Nicanda Hill
Cannot split ownership of a tenement in Mozambique
Inferred & desperate indicated Jorc forward 1 month or more if poss
Aiming for 10% average across whole resource to match syr
Charmers not yet drilled
40% to date results
Amg mining Ancuabe Mine - 5 years supply - open about future offtake agreements ref Ancuabe Licenses
Need indicated level resource for offtake Europe n America Japan China further discussion
Scoping study same time as jorc
Mining contract agreement with government early next year
Graphite only initial jorc this year Awaiting data on v2o5
Vanadium could be primary focus on economic costs ?
Alf & brad mozambiqe in December
Want to get in production before our neighbours
First 3-4 Graphite companies into production may control market
Feels it may be Good to have multiple offtake agreements
Only 6 months behind Syr
Aiming to Catch up and pass syr through Syrah early next year
Brad raised Formal complaints about so called manipulation ? sp movements etc with asic & asx and I believe certain broker houses next day 3 broker houses cut high frequencies trading
Listing on Aim, anything likely definitely option maybe more stable on London Stock Exchange? Better support by long term investors uk? Aim listing costs £3-400k Unclear at present
Future uk investors rights issue why not?
8 weeks too long for rights issues on previous cap raise to buy grafex ,Time pressures were on.
Alf & BB Constantly Harrassing sgs for results
Using 4 labs going over previous results?
Ground Staff 4 geos on site around dozen locals employed contracted in @ Mozambique
Triton United in UAE is reference to Tax
One Plant can be for Processing for Graphite & V2o5
V205 will naturally be removed from Graphite ore in processing so V2o5 doesn’t pose problems for potential buyers
Looking also at Nacala Port for some shipping
Groundwater or dam possible for water source
Diesel generation most likely Mains unreliable
Euro & American key to offtakes?
Poss offtake/ JV require jorc & scope study
End users Want good quality clean material many mix it into products, not necessarily flake size
Brad is cautious/Careful about who we may invite to come in
Optiro not overly happy about Jorc resource new timeline given
Syrah seem arrogant in business from people who spoke to Triton
Seems Glen core or other Giants rarely buy Exploration Co’s JV partner with exploration companies seem to be more frequent
Japanese & Chinese companies have approached Ton for poss offtake for vanadium & graphite only weeks ago out of blue
Brad in Hong Kong & Singapore next month
Brad in Beijing December
Brad Met African officials at mining down under, seem to bend over backwards to help progression
Development grant possible for infrastructure vat relief etc
Brad happy to respond to anyone via email or phone anytime
A lot more he'd like to say but can't because he's not allowed
More data through today which will lead to More news over coming weeks
Assay results continuous through to feb March
Ill add more as I go through the day
ATB
Pauldola
TON Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
(20min delay)