Triton Reports $4.9M Cash, 1,094m Drilled at Aucu, Nears Mozambique Asset Sale
Triton Minerals has executed a key agreement advancing the sale of 70% of its Mozambique graphite assets and completed initial drilling at its Aucu gold-copper project, positioning the company for growth amid stable operating conditions.
- Executed Shareholders’ Cooperation Deed for Mozambique graphite asset divestment
- Completed 1,094 metres of drilling across 25 targets at Aucu Gold-Copper Project
- Holds $4.9 million cash with zero debt as of December 31, 2025
- Unmarketable parcel share sale facility reduced small holdings by 54%
- 144 million options expired unexercised following ASX waiver
Progress on Mozambique Graphite Asset Divestment
Triton Minerals Limited has taken a significant step towards completing the divestment of 70% of its Mozambique graphite assets by executing a Shareholders’ Cooperation Deed (SCD) with NQM Gold 2 Pty Ltd on 31 December 2025. This deed lays out the governance and operational framework for the joint venture, clearing a major hurdle towards finalising the transaction anticipated in the first quarter of 2026.
The divestment, part of Triton’s strategy to unlock near-term funding and realise value from its Mozambique portfolio, has seen the company receive approximately $11.5 million in total consideration to date. Despite earlier payment delays and ongoing legal proceedings, the recent agreement signals progress and provides clarity on post-completion operations.
Advancing Exploration at Aucu Gold-Copper Project
Meanwhile, Triton has made tangible progress on its diversification strategy with the Aucu Gold and Copper Project in Mozambique’s Tete Province. Initial site works began in November 2025, followed by a maiden reverse circulation drilling program that wrapped up 1,094 metres across 25 priority targets by mid-December.
Preliminary geological logging identified promising features such as quartz veining and sulphide occurrences consistent with historical data. Assay results are eagerly awaited in the first quarter of 2026 and will be critical in guiding subsequent exploration efforts.
Financial Position and Shareholder Initiatives
As of 31 December 2025, Triton held $4.9 million in cash with no debt, bolstered by proceeds from the Mozambique asset sale. The company also completed an unmarketable parcel share sale facility, which reduced the number of small holdings by approximately 54%, streamlining its shareholder register and reducing administrative costs.
Additionally, 144 million listed options expired unexercised during the quarter following an ASX waiver, having been significantly out-of-the-money. This expiry had no impact on the company’s cash position or capital structure.
Stable Operating Environment and Forward Outlook
Triton continues to operate in a stable political and regulatory environment in Mozambique, with positive engagement from local communities and authorities supporting ongoing exploration activities. The company’s near-term focus remains on interpreting drilling results and advancing business development opportunities that align with its strategy to diversify and grow its asset base.
While legal proceedings related to the asset sale remain ongoing, Triton’s disciplined financial management and operational progress position it well to capitalise on upcoming milestones.
Bottom Line?
With key agreements in place and exploration underway, Triton Minerals is poised for a pivotal 2026 as it navigates asset divestment completion and advances copper-gold prospects.
Questions in the middle?
- When will the remaining conditions precedent for the Mozambique asset sale be fully satisfied?
- What do the upcoming assay results from the Aucu drilling program reveal about the project's potential?
- How might ongoing legal proceedings with NQM impact Triton’s timeline and financial outlook?
