Isabella Marie:
Triton Minerals (TON) has just released its June quarterly report revealing more than $6 million of cash is available to fund future operating activities.
Here to tell us more is COO, Adrian Costello.
Adrian, tell us about the findings.
Adrian Costello:
Yeah, was another positive quarter. Obviously, we updated the DFS with interim results. In terms of updating our capital, we awarded a FEED contract to a Chinese engineering firm, and also there were the early works, which we wanted to do so we could get things set up to reinstate access back to the site. And we’ve been able to get our cash.
We sit at the end of the quarter at $6.2 million, so we’re in a healthy position.
Isabella Marie:
What does the report mean for the company’s future?
Adrian Costello:
It means we’re on track, we are moving ahead. We’ve built a plan and we working on the plan. So I think the key thing is, is we’re making progress.
In terms of cash, this was part of a raising that was done last year, and this is the final lot of cash that’s come through, which has improved the cash position.