Chairman's Address to Shareholders and Presentation
Perth, May 28, 2015 AEST (ABN Newswire) - The Chairman: "I thank you for taking the time to join us here, this afternoon, for my second Annual General Meeting as Chairman of Triton. Our last Annual General Meeting was held on 29 May 2014. Since our last AGM, Triton has managed to achieve a number of very significant milestones and has made excellent progress with its Mozambique graphite project. So much so, that Triton is now transitioning from an exploration company to a development company and beyond. This places Triton in a unique position amongst graphite companies, whereby it has the potential to become a vertically integrated enterprise from mining, to processing, to value-added material production.
I cannot express enough how proud I am of our Company and its achievements to date. To reflect briefly, a little over 18 months ago, Triton was embarking on a maiden exploration drilling program at Cobra Plains. Now, Triton has the world's first and fourth largest graphite resources at Nicanda Hill and Cobra Plains respectively, market leading flake distribution at Ancuabe, a 20 year, 200,000 tonne per annum offtake agreement for TMG and the potential to become a vertically integrated graphite enterprise through implementation of the YXGC - Triton joint ventures in China and Mozambique, from where we were, this is quite simply, an amazing result!
In addition to the above achievements, Triton has aligned itself with a group of world class experts to consult on the production of the Company's definitive feasibility study for the Nicanda Hill resource (DFS). The DFS work is progressing well and Triton is hopeful to release the results of the DFS before the end of 2015.
The work does not stop with the DFS, Triton is extremely busy on numerous fronts. It is doing further resource classification drilling at Nicanda Hill, drilling at Ancuabe - with the aim of defining a maiden resource, metallurgical work in relation to TMG and vanadium, conducting pilot plant operations for TMG, test work in relation to spherical graphite and other enhanced graphite products and undertaking discussions with other potential end users.
Triton is focussed and driven in relation to its goals of bringing its projects to production and delivering long term value to its shareholders. It is hoped that the recent strategic alignments with AMG Mining (AMG) and YXGC will assist in delivering upon these goals. AMG and YXGC are experienced and established graphite operators who have significant knowledge, expertise and reputations within the graphite sector. Triton hopes to leverage of this wealth of knowledge and experience, which can, no doubt, be of significant benefit to the Company as it moves forward.
With all of this in mind, the Company looks forward to providing further updates to the market over the coming months.
The Company reported a net loss of $4,997,855 for the year ended 31st December 2014 representing exploration, development, project generation and administration costs. Cash on hand at 31st December 2014 was $1,497,435.
The Company has and will continue to actively consider opportunities for new projects, which could facilitate a strengthening of the Company's current portfolio of projects and assist in providing the future growth of our Company.
Finally, I would like to thanks my fellow directors, officers and staff for their tireless work and the significant support from shareholders as the Company continues to move forward and build on its achievements."
Alan Jenks
Chairman
Triton Minerals Ltd
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-721011.pdf
About Triton Minerals Ltd
Triton Minerals Limited (ASX:TON) is an ASX listed, responsible mineral explorer and resource management company headquartered in Perth, Australia.
Led by a highly experienced management team, Triton Minerals' vision is to grow shareholder's value through discovery or development of base metal, gold and other precious metal deposits.
Triton has made excellent progress with its three Graphite projects located in the Cabo Delgado Province in Mozambique, with the program successfully identifying a number of graphitic exposures.
It is the Company's belief that the Mozambique, Balama North Project could host multiple and very substantial world class graphite deposits.
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