Triton Minerals eyes WA lithium acquisition

Company News

by Jessica Ellerm


Triton Minerals Limited (ASX:TON) has announced it has signed an option agreement with Westgold Resources Limited (ASX:WGX) to acquire a package of lithium interests in Western Australia.

The interests include a royalties over lithium production and lithium exploration properties.

If the acquisition is successful, it will reposition the graphite business as a diversified, multi-commodity resources company.
Due diligence has commenced on the acquisition.

Triton Minerals Limited (ASX:TON) closed 12.24 per cent up on Friday at $0.11.
 

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.