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Marcus Wilson Managing Director Download MP3 Interview MP3 Rate Interview
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  Company Overview
Market Info Industry: Industrial Metals & Minerals
Sector: Basic Materials
Custom: TON
Executive Summary

Mr Willson has more than 17 years experience in mineral exploration, 13 of them with Placer Dome Asia Pacifi c Ltd where he rose to become Head of Exploration, Western Australia and South Australia. He has been involved in numerous gold and base metal exploration projects in Australia, North and South America, and China and has developed special expertise in integrating leading edge technology to generate high quality exploration targets. Mr Willson was directly involved in the discovery of the Jubilee deposit in the Laverton District of Western Australia, and contributed to the definition and progression through feasibility study to development of the Keringal, Sunrise Dam and Wallaby deposits in Western Australia and the Las Cristinas deposit in Venezuela. He holds a BSc in Geology from the University of British Columbia and an MSc in  Regolith Geochemistry from the University of Western Australia

Interview Transcript


MHQ: Mr. Wilson if you could, give us a better feel about the current projects and developments in at Triton Gold Limited.
 
MW: Triton Gold was founded about three years ago, when Placer Dome was taken over by Barrick Gold. Since then, we’ve focused on putting together a balanced portfolio of early to mid stage exploration projects largely based in Western Australia and some in Alaska.  In Western Australia we have a focus in the emerging Albany-Fraser Province. In which AngloGold Ashanti’s Tropicana deposit has been recently defined and is progressing, we look to hopefully do the same. We have recently brought in through the acquisition of gold rights from Poseidon Nickel Limited. They're another Australian Stock Exchange listed company, the Windarra Tailings asset, which potentially – we believe has the potential to deliver early cash flow.  We’ll be focusing on developing those projects over the next period.
 
MHQ: Mr. Wilson can you tell us a little about the company’s strategic alliances and joint ventures?  Once listed, will the company look to alliances and joint ventures with any other companies’ portfolio projects?
 

MW: Actually, we’ve been around for a couple years already and we have a strategic alliance with Teck Australia Limited. A subsidiary of Teck Limited. In building the portfolio projects that we have in the Albany-Fraser, we created that alliance. It brought 100 percent of the gold rights to Triton Gold of the tenure we had plus tenure that Teck had in that district.  In addition, we’ve recently acquired the gold rights from Poseidon Nickel Limited.  Along with those rights, we have an alliance with that Poseidon Nickel Limited. Over a five year period, that alliance gives us the first right to negotiate on the gold rights associated with any acquisitions that they make over that period of time. This has the potential to deliver a project pipeline to us.  We have focused the company recognizing that nickel companies potentially have gold projects within their portfolio that they are not leveraging.
 
MHQ: What do you feel is so unique about the company that it gives you competitive advantages within your market space?
 
MW: Apart from the management team, we also have spent a lot of time developing on-ground exploration processes and technologies. Which allows the company to be a lot more cost-effective and decision making effective in the way we approach exploration.  In particular, we have some technologies that allow us to get onto ground and for very little amount of money. Better define whether or not a mineral system is likely to occur in any given project. This we feel, gives us a strong competitive advantage. We feel it certainly has been instrumental in delivering both the alliance with Teck and more recently with Poseidon Nickel.
 
MHQ: Outline for us this current Board and management team here in place at the company.
 
MW: We were formed from a group of ex Placer Dome exploration executives.  Included on the Board, as a result, is Mr. Greg Hall as a Non-Executive Director.  He was formerly Chief Geologist with Placer Dome. He led to the discovery of the Granny Smith Gold Deposit in West Australia.  He brings a huge amount of technical expertise as well as business acumen to the company.  Our Chairman is Mr. John Loney, who was most recently the VP of Corporate Assurance and Risk with Placer Dome.  He brings a very high degree of corporate governance, business acumen and business process to the company. With the acquisition of the gold rights from Poseidon, Mr. David Singleton joins the Board as a non-executive capacity.  He is currently the CEO of Poseidon Nickel and formerly CEO of Clough Engineering. A major engineering company in Australia.  Therefore, he brings a high degree of business knowledge and process engineering to the company.  In addition, we have Trevor Osborne, who has expertise in gold extraction technologies, which we will be looking in as we look to progress the Windarra Tailings asset. We feel that the potential and the capabilities of the management team is certainly something that separates us from our peer companies.
 
MHQ: Do you feel the investment community fully understands the direction and potential of the company?
 
MW: To some degree, yes in respect to our more advanced projects. For example, the Tushtena project in Alaska which has significant drill results. Another example is the Sunday project near Leonora in West Australia.  On the other hand, the projects that we have in the Albany-Fraser, particularly the Salmon Gums project, is currently relatively early stage. But we feel the results are indicative of the potential to be a district rather than just a single prospect are perhaps not so well-understood. I would suggest that having talked about some of the technologies the company has access to, I suspect that the market doesn’t really understand the actual benefits of those technologies. I suspect they also dont understand the ability for us to make better and more cost-effective decisions as we progress the company.
 
MHQ: What is your long-term outlook for Triton Gold Limited?
 

MW: Our long-term objective with the company is to progress the explorations projects and grow the company organically.  On the other hand, recognizing that that takes some time to deliver and is more of a long-term strategy. We have brought in the Windarra Tailings asset, which we believe has potential to deliver relatively quick cash flow, has the potential to replace exploration outgoings and provide the ability to be more aggressive. In the very long-term, the objective for the company is to define, initially, a smaller project that we can put into production. Possibly with a joint venture and build cash flow towards getting to a position where the company can become a producer in its own right.
 
MHQ: In conclusion, why should investors consider the company as a good long-term investment opportunity?
 
MW: We feel that in combination between what we feel is a world-class management structure who are clearly focused on adding genuine value through our projects and future projects. The business strategy that we have in place, the opportunities from the projects, and the potential to deliver early cash flow which means that the company is well-placed to move forward and to deliver value over the medium to longer term
 

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Corporate Info Visit company website

Triton Gold is a gold exploration company, originally established in 2006 as Australian Mineral Fields Inc. The company has spent the last three years building the right team and positioning itself to come into the capital markets at the right time, with an enviable portfolio of quality gold projects.

The Company holds one of the largest prospective gold positions in the Albany Fraser province of WA, behind companies such as AngloGold-Ashanti and Independence Group. The Company’s Albany-Fraser projects - Fraser Range North, Salmon Gums and Cundeelee - located within the same mineral belt as the >5Moz Tropicana/Havana deposit, will be a core focus for exploration.

Unlike many newly listed companies the Company’s Windarra Tailings dam provides potential for near term production. While no JORC estimates have been completed, WMC Resources (now BHP Billiton) metallurgical reconciliation reports indicate that approximately 130,000 ounces of gold were deposited into the tailings dam.
At Tushtena, located in Alaska, the Company has a mid-stage project with exciting high-grade results, and the Company believes the project has similarities to the multi-million ounce Fort Knox, Pogo and Livengood projects, also located in Alaska.

Address Triton Gold Ltd
44 Parliament Place Suite 18
West Perth,WA, 6005


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