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Triton Minerals Reveals New Substantial Shareholder From UK

Sep. 29, 2013 8:58 PM ET
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Triton Minerals (ASX: TON) has a new substantial shareholder in the UK based Craig Andrew Stubbs, who now holds 9.8 million shares - or 5.33%.

Stubbs most recent purchase was on the 24th September 2013 with a trade of 340,000 shares at $19,380, for an average buy price of $0.057 per share. On the 16th September, he bought 800,000 for $44,800 - for an average entry price of $0.056.

Earlier in the month Triton followed up on earlier graphitic carbon results from drilling at the Cobra Plains Prospect of its Balama North Project in Mozambique with high grade vanadium intercepts.

These included: 2 metres at 0.36% vanadium from 68 metres; and 2 metres at 0.33% vanadium from 81 metres.

Vanadium can be economic to mine at a 0.05%, so intercepting numerous very high grades of vanadium mineralisation with grades of up to 0.36% is again an exceptional result.

This follows further analysis of the July drilling results and indicates some correlation between the high grade graphite and the high grade vanadium.

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