Australia's Triton Minerals rises on exploration approval for Mozambique mine

Triton Minerals

23/07/2025 06:53

** Shares of Triton Minerals TON.AX gain 16.7% to A$0.007, their highest level since May 16

** The mining firm gets approval for exploration licenses in the Aucu project in Mozambique, supporting co's shift to gold and copper exploration

** TON intends to use partial proceeds from the 70% interest sale in its graphite assets to develop the gold-copper project

** Says co received A$8.5 mln ($5.58 mln), part of the A$17 mln consideration for the asset sale

** Around 2.7 mln shares change hands, ~4.1x the 30-day average volume of about 670,719

** Session trims YTD losses to 22.2%

($1 = 1.5230 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))