Suche
 
Folgen Sie uns auf:

Triton Minerals Limited - Chairmans Address to GM

20.08.2014  |  ABN Newswire
Perth, Australia (ABN Newswire) - Over the past two (2) years, Triton Minerals Ltd. (ASX:TON) has managed to rapidly achieve a number of very significant milestones and has made excellent progress with its projects in Mozambique.

Triton's success has been achieved, through the tireless efforts of a dedicated executive team, who truly believe in this Company and has worked diligently to progress the Company from one which was floundering, to a company with focus and direction.

To achieve success and establish the direction and focus, the executive team has, rightly, chosen to put the vast majority of funds raised over the period into obtaining, exploring for and defining world class project(s). The Company is on the precipice of such success, as a result, the Board considers it an appropriate time to repay the executive team for the success achieved.

A quick reflection over the significant achievements of the past 2 years reveals:

- the successful transition of the Company from a gold focused explorer into a diversified minerals exploration and development company;

- the identification, negotiation and acquisition of the Mozambique graphite assets;

- The successful re-negotiation and implementation of favourable new joint venture terms with Grafex Ltd;

- the successful re-negotiation of terms to acquire 100% of Grafex Ltd;

- the implementation of successful exploration programs at the Balama North, Balama South and Ancuabe projects;

- the announcement of an Inferred resource at the Cobra Plains deposit - the fourth largest graphite deposit in the world;

- the significantly progressed Mozambique graphite assets over a short time period;

- significantly increasing the value of the Company in the previous two years;

- completing numerous successful capital raisings;

- securing a more stable investor base; and

- securing key management personnel, including myself as chairman, Mr Brady as Company Secretary and General Counsel and Ms Exley as CFO.

These achievements should not be underestimated, and, I think you will agree, have created a very solid platform for the Company to advance from into the future. The Board hopes that if shareholders reflect on the significant achievements of the Company over the past two years they too will agree with the Board that it is appropriate time to repay the executive team for the success achieved and consequently approve the relevant resolutions proposed.


Consolidation

It should not come as a surprise that the executive team has lofty ambitions for the Company and is using this period in time to both reflect and reward past achievements but also, significantly, to consolidate the Company to ensure those ambitions become reality.

This consolidation can be seen through a number of the resolutions proposed at today's meeting, including:

- Adoption of a new constitution;

- Adoption of a new employee incentive scheme; and

- Refreshing the capacity under ASX Listing Rule 7.1.

Such resolutions show the Board is mindful of best practice corporate governance and ensuring the Company reviews and implements sound administrative documentation to provide every possible opportunity for the Company to succeed. This mindset is further supported by the review, currently being undertaken, into all of the Company's policies, the result of which will soon be known to the Board and Shareholders.

The Board considers it to be the appropriate time for the Company to undergo a consolidation of its policies and procedures to ensure that best practice is followed and the Company has the administrative flexibility required to succeed in its vision. Accordingly, the Board is hopeful that shareholders will see the benefit of an administrative review and consolidation of the Company and consequently approve the relevant resolutions proposed.


Advancement

By taking the opportunity to reflect and consolidate, the Board believes it will be best placed to rapidly advance the Company into the future. The executive team is very excited about the next phase of the Company's life and is devoted to trying to deliver future success to Triton and its shareholders.

The Company remains extremely confident that the Balama North project can potentially host one of largest high-grade graphite and vanadium projects in the world.

Current exploration activities are focused on the very large Nicanda Hill mineralized footprint, within which the Company expects to define a JORC 2012 compliant resource by the end of 2014. If such a milestone can be achieved, 2015 is shaping to be a very exciting year as the Company rapidly advances through the steps towards production.


To view the corporate presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-688368.pdf


About Triton Minerals Limited:

Triton Minerals Ltd. (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.



Contact:

Triton Minerals Ltd.
Brad Boyle
T: +61-8-6489-2555
F: +61-8-9388-1252
www.tritonmineralsltd.com.au
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Triton Minerals Ltd.
Bergbau
A0NGHD
AU000000TON7
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"