http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Sat, 19 Aug 2017 09:50:48 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Triton Minerals confirms continuity of graphite mineralisation at Ancuabe ]]> http://www.proactiveinvestors.com.au/companies/news/181888/triton-minerals-confirms-continuity-of-graphite-mineralisation-at-ancuabe-181888.html Triton Minerals Ltd (ASX:TON) has revealed further significant drilling results as part of the feasibility study for its flagship Ancuabe graphite project in Mozambique.

Importantly, five infill diamond drilling holes drilled across the centre of the deposit have all demonstrated continuity of graphite mineralisation with significant thickness and depth.

Standout results from the diamond drill holes are:

14.4 metres at 9.3% total graphitic carbon from 34.8 metres downhole;
12.0 metres at 10.0% total graphitic carbon from 55.9 metres downhole; and
15.1 metres at 10.0% total graphitic carbon from 32 metres downhole.

Triton had delivered a maiden indicated and inferred resources in April 2017 of 8.4 mln tonnes at 7.8% total graphitic carbon for 659,000 tonnes of contained graphite.

The second phase drill programme is currently underway to extend the mineral resource and to upgrade some of the inferred to indicated category for use in the feasibility study.

Significantly, these positive results further confirm the quality of the Ancuabe project and the potential to produce high purity graphite for the expandable graphite market.

To date, the 2017 infill and exploration drilling program has comprised of 49 holes for 3,067 metres including 25 diamond drill holes for 1,935 metres and 14 reverse circulation holes for 1,132 metres.

The final phase of resource drilling will be completed in August 2017.

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Thu, 03 Aug 2017 13:22:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181888/triton-minerals-confirms-continuity-of-graphite-mineralisation-at-ancuabe-181888.html
<![CDATA[News - Triton Minerals Ltd shares rise on placement to largest shareholder ]]> http://www.proactiveinvestors.com.au/companies/news/180577/triton-minerals-ltd-shares-rise-on-placement-to-largest-shareholder-180577.html Triton Minerals Ltd (ASX:TON) has secured a strategic investment of $1.23 million via the placement of shares to its largest shareholder, Shandong Tianye Mining Co, at $0.048 per share.

The company’s shares were last trading 14% higher intra-day, at $0.049.

The strategic placement by Shandong Tianye follows detailed due diligence in China and its decision to support Triton’s objective of developing its portfolio of high quality Mozambique graphite projects.

Shandong Tianye has also signed an agreement to provide technical and marketing services for Triton in China.

Triton’s initial focus will be to supply high purity expandable graphite from its flagship Ancuabe project in Mozambique, to the global building materials sector.

Funds raised from the placement will be used to complete the definitive feasibility study (DFS) currently underway at Ancuabe, which is on schedule to be completed in December 2017.

The demand for expandable graphite is expected to be strengthened by Chinese regulations that require the use of flame retardant building materials.

Triton’s prospects could also be positively impacted by the uncertainty of mining legislation in Tanzania, where many ASX listed graphite projects are domiciled.

The Indicated and Inferred resource for the Ancuabe Graphite Project comprises 27.9 million tonnes grading 6% total graphitic carbon for 1.68 million tonnes of contained graphite.

Triton’s recent scoping study projected a net present value of US$128 to US$246 million for the project with a payback period of 2.7 to 4.8 years (based on sensitivity analysis).

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Mon, 10 Jul 2017 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180577/triton-minerals-ltd-shares-rise-on-placement-to-largest-shareholder-180577.html
<![CDATA[News - Triton Minerals confirms high-value potential of Ancuabe graphite ]]> http://www.proactiveinvestors.com.au/companies/news/177836/triton-minerals-confirms-high-value-potential-of-ancuabe-graphite-177836.html Triton Minerals (ASX:TON) has received test work results confirming the high-value potential of graphite from its Ancuabe Project in Mozambique.

The advanced testwork undertaken by independent experts in Germany and China showed that Ancuabe graphite is ideal for high value applications such as expandable graphite and lithium-ion batteries.

The combination of large flakes, easy floatation and excellent purification behaviour makes the graphite suitable for traditional markets as well for demanding new technology applications.

Moreover, the high fixed carbon content across all flake sizes bodes well for simple flotation purification which is beneficial for future production cost.

Triton has commenced discussions with potential off-take partners and is preparing samples of Ancuabe graphite for customer testwork.

Expandable graphite is used in flame retardant materials, graphite foil and other applications.

The demand for expandable graphite is expected to be strengthened by Chinese regulations that require the use of flame retardant building materials.

The indicated + inferred resource for the Ancuabe Graphite Project comprises 27.9 million tonnes grading 6% total graphitic carbon for 1.68 million tonnes of contained graphite.

Triton’s recent scoping study projected a net present value of US$128 to US$246 million for the project with a payback period of 2.7 to 4.8 years (based on sensitivity analysis).

Importantly, the scoping study has provided a strong foundation for the feasibility studies that have commenced.

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Tue, 16 May 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177836/triton-minerals-confirms-high-value-potential-of-ancuabe-graphite-177836.html
<![CDATA[News - Triton Minerals in an ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/176697/triton-minerals-in-an-asx-trading-halt-176697.html Triton Minerals (ASX:TON) has been granted a trading halt by the ASX, pending details of a Scoping Study.

The halt will remain in place until the opening of trade on Wednesday 26th April 2017, or earlier if an announcement is made to the market.

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Fri, 21 Apr 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176697/triton-minerals-in-an-asx-trading-halt-176697.html
<![CDATA[News - Triton Minerals confirms premium graphite grades at Ancuabe ]]> http://www.proactiveinvestors.com.au/companies/news/173642/triton-minerals-confirms-premium-graphite-grades-at-ancuabe-173642.html Triton Minerals (ASX:TON) has confirmed premium grades of graphite from testing metallurgical samples taken from its Ancuabe Project in Mozambique.

The samples were selected from diamond drill cores from Triton’s 2016 exploration drilling campaign at the T12 and T16 deposits.

The testing has confirmed coarse, high-purity graphite flake concentrates with a purity of between 97.5 and 99.2%.

Importantly, Ancuabe’s flake size distribution is about 56% large flake graphite and 30% jumbo flake graphite.

The larger size differentiates Triton from many of its peers with predominantly medium or small flakes size deposits.

These results demonstrate the potential for the company to meet the key criteria required to produce a premium product suitable for the expandable graphite and lithium-ion battery markets.

In addition, there is scope to optimise further through a coarser initial grind to preserve large to jumbo flakes, since the current results are based on non-optimised process testwork.

Triton has now commenced the Ancuabe Scoping Study that is expected to be completed by the end of March 2017.

The company is focused on fast tracking the development studies for Ancuabe to enable an early investment decision.

Triton’s share price has increased by 28% since the start of 2017, last trading at $0.082.

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Fri, 24 Feb 2017 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173642/triton-minerals-confirms-premium-graphite-grades-at-ancuabe-173642.html
<![CDATA[News - Triton Minerals reveals highest ever graphite grades at Ancuabe ]]> http://www.proactiveinvestors.com.au/companies/news/172148/triton-minerals-reveals-highest-ever-graphite-grades-at-ancuabe-172148.html Investors have reacted positively to this news, with Triton’s shares last trading 11% higher intra-day, at $0.07.

Standout results from the reverse circulation drilling include:

- 45 metres at 9.7% TGC (total graphitic carbon) from 12 metres downhole including 22 metres at 11.4 TGC % from 35 metres;

- 19 metres at 8.1% TGC from 78 metres downhole; and

- 17 metres at 7.5% TGC from 25 metres downhole.

The first drilling results at T16 are significant given the high-grade mineralisation is near surface, which indicates the prospectivity of the deposit and the potential for low cost extraction.

The visual inspection of the ore at surface indicates very large in situ flake size, which will be subject to metallurgical test work in the current quarter.

Triton is confident that T16 could be developed alongside the T12 deposit into a high quality, low cost graphite project suitable for both the battery and expandable graphite markets.

These high-grade results at T16 follow positive metallurgical testwork results from T12, positioning Ancuabe very favourably in both grade and metallurgical recovery.

The company is aiming to release an updated mineral resource for Ancuabe in Q1 2017.

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Wed, 25 Jan 2017 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172148/triton-minerals-reveals-highest-ever-graphite-grades-at-ancuabe-172148.html
<![CDATA[News - Triton Minerals identifies potential satellite deposit at Ancuabe Graphite ]]> http://www.proactiveinvestors.com.au/companies/news/170157/triton-minerals-identifies-potential-satellite-deposit-at-ancuabe-graphite-170157.html The latest drilling indicates the T16 deposit as a potential satellite deposit to the T12 deposit.

Triton’s T12 deposit comprises a JORC 2012 resource of 14.9 million tonnes grading 5.4% total graphitic carbon, for 798,000 tonnes of contained graphite.

The company has been undertaking a comprehensive drilling program aimed at further testing of the T12 deposit and also evaluating several surrounding prospective areas.

Visual logging from T16, which was targeted due to the occurrence of coarse flake graphite in outcrops, has confirmed its prospectivity.

Under the current drilling program, a total of 59 bore holes have been drilled for a total of 4,510 metres.

Importantly, visual logging of the core from 13 holes have indicated coarse-grained flake graphite. Triton is awaiting formal assay results.

The graphite was observed from surface and extends to at least 90 metres vertical depth below surface.

Triton is currently focussing on the evaluation and rapid development of Ancuabe, targeting its large flake size characteristics to supply into the high value end of the graphite market.

The company had a cash balanced of about $2.2 million as at 30 September 2016.

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Thu, 08 Dec 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170157/triton-minerals-identifies-potential-satellite-deposit-at-ancuabe-graphite-170157.html
<![CDATA[News - Triton Minerals countdown to re-listing starts now ]]> http://www.proactiveinvestors.com.au/companies/news/169989/triton-minerals-countdown-to-re-listing-starts-now-169989.html Triton now has $8 million in cash, has secured a cornerstone shareholder, and has a new strategy for growth at Ancuabe, which is located in Mozambique.

The experienced Peter Canterbury has taken the helm as managing director, and brings role significant knowledge of project development on operations in Australia and Africa.


A new strategy

Triton has a focus on the development of the Ancuabe Project to produce low cost, high margin, premium flake size graphite concentrate while developing a pipeline of projects for supply into the global graphite market.

Ancuabe is located in a region with historical high quality graphite production with the former Kenmare graphite facility being refurbished by AMG/GK with whom Triton has a strategic alliance.

Importantly the project is in close proximity to Pemba Port and grid power, and is isolated from local communities.

The maiden JORC Inferred Resource for the Ancuabe T12 deposit was outlined earlier in the year, and comprises 14.9 million tonnes at 5.4% total graphitic carbon (TGC) for 798,000 tonnes of contained graphite.

This has strong potential to grow, considering less than 30% of the prospective strike length has been tested.


Drilling underway

A new exploration program started in late-October, which will cover 3000 metres of diamond drilling and 1800 metres of reverse circulation.

Metallurgical test work is expected to commence once assay work is completed in January.


Share register

Triton will have circa 658 million shares on issue, with 73 million unlisted options and 22 million listed options.

If the stock opens at around $0.07 a share, this would put the market valuation in the $45 million range.

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Tue, 06 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169989/triton-minerals-countdown-to-re-listing-starts-now-169989.html
<![CDATA[News - Triton Minerals Ltd appoints Peter Canterbury as managing director ]]> http://www.proactiveinvestors.com.au/companies/news/166136/triton-minerals-ltd-appoints-peter-canterbury-as-managing-director-71112.html Triton Minerals Ltd (ASX:TON) has appointed Peter Canterbury as managing director with effect from 3 October 2016.

He was most recently chief executive officer of Bauxite Resources Ltd (ASX:BAU).

Canterbury brings significant mining and project development expertise to Triton which will be helpful in advancing the Ancuabe Graphite Project in Mozambique to a development decision.

The maiden resource estimate for Ancuabe T12 deposit was completed in May 2016, containing 14.9 million tonnes grading 5.4% total graphitic carbon for 798,000 tonnes of contained graphite.

Triton is progressing the documentation required for an entitlement issue to be offered to eligible shareholders, to raise circa $7.9 million.

The entitlement issue is fully underwritten.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 20 Sep 2016 15:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166136/triton-minerals-ltd-appoints-peter-canterbury-as-managing-director-71112.html
<![CDATA[News - Triton Minerals to update on graphite-vanadium projects ]]> http://www.proactiveinvestors.com.au/companies/news/157790/triton-minerals-to-update-on-graphite-vanadium-projects-67236.html Triton Minerals (ASX:TON) will provide an update to the market on Monday, and is expected to provide detail on planned activities for its Mozambique graphite-vanadium projects.

The company's share price increased from an opening price of $0.053 to an intra-day high of $0.065 and received a query from the ASX.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 29 Feb 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157790/triton-minerals-to-update-on-graphite-vanadium-projects-67236.html
<![CDATA[News - Triton Minerals' further enhances Balama North with wide zones of graphite ]]> http://www.proactiveinvestors.com.au/companies/news/157788/triton-minerals-further-enhances-balama-north-with-wide-zones-of-graphite-67022.html Triton Minerals' (ASX:TON) latest drilling results underpin the significant and robust graphite deposit at Nicanda West, which is characterised by large to jumbo flake graphite.

Key drilling results include: 31 metres at 10.4% total graphitic carbon (TGC); 8 metres at 10.3% TGC; 13 metres at 9.1% TGC; and 35 metres at 8.1% TGC.

Triton's Balama North Graphite Project in Mozambique comprises the Nicanda West and Nicanda Hill graphite prospects.

The style of the Nicanda West deposit has similarities to the Ancuabe style of mineralisation.

Metallurgical test work has achieved high grades of graphitic carbon concentrates with a dominant proportion of large and jumbo flake.

This means that Nicanda West graphite is suitable for both battery applications and expanded graphite products.

Nicanda West is located 1.2 kilometres north west from the main Nicanda Hill deposit.


Drilling program

Drilling at Nicanda West included a total of eleven diamond drill core and three reverse circulation drillholes.

Initial assay results were from a further three diamond drilling holes that were competed at the end of 2015.


Nicanda Hill and Ancuabe

Across to Nicanda Hill, geotechnical drilling for the Definitive Feasibility Study has confirmed the robustness of the resource model.

Intersections include: 37 metres at 13.1% TGC from 20 metres.

Preliminary test work at Ancuabe has returned some of the highest quality jumbo and super jumbo flake graphite in the world with over 73% of flake exceeding 300u and 43% exceeding 500u.

In addition to its superior flake size, the preliminary test work also indicates that the deposit can produce grades of >98% TGC from flotation.


Primer on Triton's progress

- Triton has the world’s largest known combined graphite-vanadium resource at Balama North.

- Balama North is a globally significant resource: 1.44 billion tonnes at 11.1% TGC.

- A new highly credential and experienced board and management team to take the Company forward.

- Rapid development of Balama North and Ancuabe flagship projects.

- The Balama North and Ancuabe Projects are close to major enabling infrastructure.

- Strong strategic alliance in Mozambique with major German graphite manufacturer, AMG Graphit Kropfmühl (GK).

- The management team have strong networks in Africa, Australia, Europe, North America and China.

- Triton has a 20 year binding offtake agreement with a well established Chinese graphite product manufacturer.


Upcoming catalysts

- Nicanda West: Results from a further four exploration holes are pending.

- Ancuabe: Initial Resource estimate expected in Q1, 2016. Ancuabe early stage feasibility work has commenced.

- Balama North Project: Completed Definitive Feasibility Study is due for completion in mid-2016, and is focussed on scalable and staged production ranging from initial 50,000tpa up to 200,000tpa at full steadystate operation.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 15 Feb 2016 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157788/triton-minerals-further-enhances-balama-north-with-wide-zones-of-graphite-67022.html
<![CDATA[News - Triton Minerals makes board changes ]]> http://www.proactiveinvestors.com.au/companies/news/157787/triton-minerals-makes-board-changes-66993.html Triton Minerals (ASX:TON) has provided an update on changes to the board of directors.

Alan Jenks has resigned for the reason of ill health.

Christopher Catlow, chairman, commented: "On behalf of the board and management, I thank Mr Jenks for his commitment and dedication as a Director of the company and as a substantial shareholder of Triton."

Rodney Baxter has resigned due to an unexpected increase in the time required to meet his other existing commitments outside of Triton.

Triton has the world's largest known graphite-vanadium deposit in the world at Balama North in Mozambique.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 12 Feb 2016 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157787/triton-minerals-makes-board-changes-66993.html
<![CDATA[News - Triton Minerals in ASX trading halt pending board changes ]]> http://www.proactiveinvestors.com.au/companies/news/157785/triton-minerals-in-asx-trading-halt-pending-board-changes-66958.html Triton Minerals (ASX:TON) has been granted a trading halt by the ASX, pending changes to the board.

Triton has the world’s largest high grade graphite flake deposit at Balama North in Mozambique.

The halt will remain in place until the opening of trade on Friday 12th February 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 10 Feb 2016 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157785/triton-minerals-in-asx-trading-halt-pending-board-changes-66958.html
<![CDATA[News - Triton Minerals appoints Garth Higgo managing director ]]> http://www.proactiveinvestors.com.au/companies/news/157782/triton-minerals-appoints-garth-higgo-managing-director-66775.html Triton Minerals (ASX:TON) has strengthened its board and management team with key appointments as it pushes to advance its world-class Mozambican graphite projects.

Garth Higgo, who was appointed chief executive officer in December 2015 has been appointed managing director, and will drive the development of the company’s asset base.

Other appointments include Rodney Baxter as a non-executive director, Patrick Ellis as chief operating officer and Richard Jarvis as chief financial officer.

Christopher Catlow, chairman, commented:

“These key appointments strengthen the leadership team required to transition from explorer to producer as we move the company forward.”

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 29 Jan 2016 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157782/triton-minerals-appoints-garth-higgo-managing-director-66775.html
<![CDATA[News - Triton Minerals graphite plays lure investors in tight market ]]> http://www.proactiveinvestors.com.au/companies/news/157780/triton-minerals-graphite-plays-lure-investors-in-tight-market-66609.html Triton Minerals (ASX:TON) has attracted about A$1.8 million in new investments in a difficult equity market as the company seeks to improve resources and feasibility metrics at its Mozambican graphite properties.

The funds came via recently close entitlement offer priced at A$0.09 per share, with acceptances received for a total of about 20.4 million shares.

This strong vote of confidence from existing shareholders was supported by a $4 million underwriting commitment by commodities-focused investment banking firm GMP Securities Australia.

Further endorsement for the $11.3 million fundraiser will be sought in a shortfall placement aimed at raising an additional $7.3 million within three months.

The funding drive first flagged in November last year is expected to be used to define resources at the P66 zone of the company’s Nicanda Hill project as well as at the Ancuabe project.

Part of the proceeds will be used to fund the start of construction for a joint venture manufacturing facility in Mozambique with JV partner Yichang Xincheng Graphite.

These plans are unfolding as Triton incorporates positive new drilling results from P66 as part of a proposed integrated operation designed to produce high-purity flake graphite.

A revised site plan and process flow sheet have been finalised whilst the metallurgical test work and geotechnical assessments are ongoing.

An expanded Definitive Feasibility Study is expected to be completed in mid-2016.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 18 Jan 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157780/triton-minerals-graphite-plays-lure-investors-in-tight-market-66609.html
<![CDATA[News - Triton Minerals graphite portfolio advances strongly as funding nears ]]> http://www.proactiveinvestors.com.au/companies/news/157778/triton-minerals-graphite-portfolio-advances-strongly-as-funding-nears-66545.html Triton Minerals (ASX:TON) is set to deliver results from an ambitious fundraiser by the end of the week as the company continues to expand a Definitive Feasibility Study (DFS) to include new drilling at the Nicanda Hill graphite project in Mozambique.

The update comes with the closure today of an entitlement offer at an issue price of $0.09 per share aiming to raise up to $11.3 million.

The funding drive first flagged in November last year has been underwritten to a value of A$4 million by GMP Securities Australia and is expected to be used to define resources at Nicanda Hill's P66 zone as well as at the company's Ancuabe project (also in Mozambique).

Part of the proceeds will be used to fund the start of construction for a joint venture manufacturing facility in Mozambique with JV partner Yichang Xincheng Graphite.

These plans are unfolding as Triton incorporates positive new drilling results from P66 as part of a proposed integrated operation designed to produce high-purity flake graphite.

A revised site plan and process flow sheet have been finalised whilst the metallurgical test work and geotechnical assessments are ongoing.

The expanded DFS is expected to be completed in mid-2016.


Building momentum

Anticipation around the establishment of a more robust operation at Nicanda follows an increase in the measure resource to 33 million tonnes at 12.3% total graphitic carbon (TGC) and 0.34% vanadium (V2O5) as part of a massive total resource estimate of 1.4 billion tonnes at 11.1% TGC.

This has provided the basis for the 10-year projected life of mine at Nicanda Hill and firms the project’s status as the largest known high-grade flake graphite-vanadium deposit in the world.

Meanwhile, metallurgical work has underlined the unique marketing versatility of graphite from both Nicanda and Ancuabe with new tests confirming large particle sizes and high recovery rates.

A land use application in broader area of Nicanda is also advancing, with ongoing community consultation and land-use mapping program continuing in and around the villages surrounding the proposed operation.

As part of the Environmental and Social Impact Assessment, the final Environmental Pre-viability Report and Scope Definition has been formally submitted.

Site visits and a community interview program have been completed as part of the Resettlement Action Plan (RAP) process, with all communities in full support of the project and no material issues identified.


Ancuabe

Triton's project development progress in Mozambique has otherwise focused largely on encouraging work at Ancuabe, where the discovery of extensive surface graphite has confirmed mining potential.

The recent completion of an initial drilling program at the project’s T12 prospect has delivered intervals of very large flake graphite at grades higher than 5% total graphitic carbon (TGC) in every hole drilled.

The mineralisation has been dominated by particle sizes larger than 300 microns, with 43% of the material measuring greater than 500 microns.

Triton now intends to release an initial resource estimate in Q1 2016.


Analysis

The scope of this latest funding drive reflects Triton’s confidence in its Mozambican graphite assets, which have consistently delivered strong exploration and metallurgical results.

Announcement of the results this week will be supported by a strong show a faith by GMP Securities Australia, a commodities-focused investment banking firm which has underwritten the offer to $4 million.

Triton’s simultaneous development of Nicanda and Ancuabe illustrates a capacity to pursue a vision of national consequence.

These development plans are lent credence by the participation of Chinese partner Yichang Xincheng Graphite, one of the biggest global operators in the graphite space.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 13 Jan 2016 11:05:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157778/triton-minerals-graphite-portfolio-advances-strongly-as-funding-nears-66545.html
<![CDATA[News - Triton Minerals LOI due diligence period with Shenzhen Qianhai Zhongjin extended ]]> http://www.proactiveinvestors.com.au/companies/news/157776/triton-minerals-loi-due-diligence-period-with-shenzhen-qianhai-zhongjin-extended-66308.html Triton Minerals (ASX:TON) has provided an update regarding the signing of a letter of intent (LOI) with Chinese equity firm and resources trading house, Shenzhen Qianhai Zhongjin Group Co., Ltd (SQZG).

Under the terms of the LOI, SQZG agreed to provide funding of up to US$200 million (A$282 million) to build and develop a graphite concentrate operation with initial capacity to produce up to 200,000 tonnes of graphite concentrate per year from Nicanda Hill, the world’s largest known graphite and vanadium project.

The due diligence period under the LOI is currently due to expire on 31 December 2015.

Accordingly, the company and SQZG have agreed an in principle extension of the due diligence period of the LOI for a further 3 months to 31 March 2016.

All other terms of the LOI remain unchanged.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 22 Dec 2015 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157776/triton-minerals-loi-due-diligence-period-with-shenzhen-qianhai-zhongjin-extended-66308.html
<![CDATA[News - Triton Minerals improves access to $11M fundraiser ]]> http://www.proactiveinvestors.com.au/companies/news/157774/triton-minerals-improves-access-to-11m-fundraiser-66227.html Triton Minerals (ASX:TON) has repriced a A$11.3 million entitlement offer to better reflect the current market conditions and allow eligible shareholders to participate at a more attractive rate per share.

The offer first announced last month at $0.15 per share has been reduced to $0.09 per share.

Shares in Triton were last trading at $0.093.

Options associated with the offer will now be exercisable at $0.15 rather than the prior rate of $0.20 each.

As part of the funding effort, GMP Securities Australia has agreed to partially underwrite the offer to a value of $4 million subject to conditions precedent, termination events and other terms and conditions customary for an underwriting agreement of its nature.

The money raised will be used to define resources at the Ancuabe graphite project and at the P66 zone of Triton’s Nicanda Hill graphite property – both in Mozambique.

Funds will also be applied to expansion of a Definitive Feasibility Study (DFS) to include P66, Ancuabe and a joint venture manufacturing facility in Mozambique and China.

Part of the proceeds will likewise be used to fund the start of construction at this facility with JV partner Yichang Xincheng Graphite.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 17 Dec 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157774/triton-minerals-improves-access-to-11m-fundraiser-66227.html
<![CDATA[News - Triton Minerals to update on Entitlement Offer ]]> http://www.proactiveinvestors.com.au/companies/news/157772/triton-minerals-to-update-on-entitlement-offer-66167.html Triton Minerals (ASX:TON) has been granted a trading halt by the ASX this morning, pending an update on the Entitlement Offer.

Triton has two flagship and world-class projects, located in Mozambique.

Balama North is the world’s largest known flake graphite deposit, while Ancuabe is a jumbo-dominant flake graphite deposit with untapped potential.

Triton also recently appointed Garth Higgo as chief executive officer.

The halt will remain in place until the opening of trade on Thursday 17th December 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 15 Dec 2015 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157772/triton-minerals-to-update-on-entitlement-offer-66167.html
<![CDATA[News - Triton Minerals revises terms for graphite growth fundraiser ]]> http://www.proactiveinvestors.com.au/companies/news/157768/triton-minerals-revises-terms-for-graphite-growth-fundraiser-66080.html Triton Minerals (ASX:TON) has extended the closing date and revised payment arrangements of a recently launched entitlements offer aimed at funding further development of the company’s graphite properties in Mozambique.

The offer closing date will now be January 14, 2016 and the payment date for monies owed by Triton will be deferred to January 31, 2016.

Last month, Triton launched the one for five entitlement offer at an issue price of $0.15 each.

The issue is partially underwritten by GMP Securities Australia to a value of $4 million which will seek to raise up to up to about $11.3 million.

Proceeds have been earmarked in part for the definition of resources at the P66 zone of the Nicanda Hill graphite project (part of the larger Balama North project) in Mozambique.

Funds will also be used to establish a resource at the Ancuabe graphite project, closer to the port city of Pemba.

The company has recently confirmed that surface graphite mineralisation at Ancuabe extends at depth with mineralisation over true widths of 100 metres.

Nicanda Hill progress, meanwhile, has included confirmation that P66 hosts a dominant presence of high-purity large to jumbo flake graphite with selective zones in a mineralised envelope averaging up to 12.9% total graphitic carbon.

The resource development and Definitive Feasibility Study optimisation that the upcoming funding will enable represent significant potential price catalysts for Triton, which has been identified as undervalued.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 09 Dec 2015 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157768/triton-minerals-revises-terms-for-graphite-growth-fundraiser-66080.html
<![CDATA[News - Triton Minerals announces board changes ]]> http://www.proactiveinvestors.com.au/companies/news/157766/triton-minerals-announces-board-changes-65997.html Triton Minerals (ASX:TON) has announced that Bradley Boyle's role as managing director and chief executive officer has ended.

Garth Higgo has been appointed chief executive officer, and together with Alfred Gillman, technical director, will be responsible for the management of the company.

Higgo was a founding non-executive director of BC Iron (ASX:BCI). 

Rodney Baxter will be appointed as non-executive director subject to Triton receiving subscriptions from an entitlement offer equivalent to the underwritten amount under the raising.

Baxter has 25 years of operational and executive leadership experience in the resources and engineering services sector. He was most recently the managing director of engineering, construction and asset management company, Calibre Group (ASX:CBH).

 

 

 

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Fri, 04 Dec 2015 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157766/triton-minerals-announces-board-changes-65997.html
<![CDATA[News - Triton Minerals granted ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/157764/triton-minerals-granted-asx-trading-halt-65940.html Triton Minerals (ASX:TON) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Triton requested the halt pending details on changes to the senior management of the company.

The halt will remain in place until the opening of trade on Friday 4th December 2015, or earlier if an announcement is made to the market.

Triton is the holder of the world’s largest known combined graphite-vanadium resource.

 

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Wed, 02 Dec 2015 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157764/triton-minerals-granted-asx-trading-halt-65940.html
<![CDATA[News - Triton Minerals sets out entitlement offer details ]]> http://www.proactiveinvestors.com.au/companies/news/157762/triton-minerals-sets-out-entitlement-offer-details-65770.html Triton Minerals (ASX:TON) has outlined the timetable for its one for five entitlement offer at an issue price of $0.15 each to assist development of its graphite projects in Mozambique.

The issue is partially underwritten by GMP Securities Australia to a value of $4 million which will seek to raise up to up to $11,296,483.

Shareholders will also receive one free attaching option for every two shares subscribed for under the offer.

Last month, Triton lifted the measured resource at Nicanda Hill to 33 million tonnes at 12.3% total graphitic carbon (TGC) and 0.34% vanadium (V2O5) as part of a massive total resource estimate of 1.4 billion tonnes at 11.1% TGC.

This provides the basis for the 10-year projected life of mine at Nicanda Hill and firms the project’s status as the largest known high-grade flake graphite-vanadium deposit in the world.

Promisingly, metallurgical work has underlined the versatility of graphite from both Nicanda Hill and Ancuabe with new tests confirming large particle sizes and high recovery rates.

Graphite concentrates at both Nicanda Hill and Triton’s Ancuabe projects have achieved the highest levels of quality and purity without the need for chemical leaching, thus reducing the overall production costs and increasing TMG product options.

Funds raised in the entitlement offer will define a resource at the P66 zone of Nicanda Hill at the Balama North project and also assist in resource estimation at the Ancuabe project.

Significantly, the scope of the Definitive Feasibility Study (DFS) will be widened from the offer proceeds to include the P66 zone of Nicanda Hill, Ancuabe and the joint venture manufacturing facilities in Mozambique and China.

Commencement of construction of the manufacturing facility in China with joint venture partner Yichang Xincheng Graphite Co. Ltd will also be undertaken.

New timetable for the entitlement offer

Prospectus lodged at ASIC and ASX 25 November 2015.

Notice sent to Shareholders 26 November 2015.

"Ex" Date (date Shares are quoted ex-rights) 27 November 2015.

Record Date to determine entitlements 5.00pm (WST) 1 December 2015.

Prospectus (together with entitlement and acceptance form) despatched to Shareholders 2 December 2015.

Opening Date 2 December 2015.

Closing Date 5.00pm (WST) 14 December 2015.


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Tue, 24 Nov 2015 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157762/triton-minerals-sets-out-entitlement-offer-details-65770.html
<![CDATA[News - Triton Minerals confirms graphite potential at Ancuabe ]]> http://www.proactiveinvestors.com.au/companies/news/157760/triton-minerals-confirms-graphite-potential-at-ancuabe-65716.html Triton Minerals (ASX:TON) has found that extensive surface graphite at its Ancuabe project in Mozambique also extends to depth with mineralisation developed over true widths of 100 metres.

The recent completion of an initial drilling program at the project’s T12 prospect has delivered intervals of very large flake graphite at grades higher than 5% total graphitic carbon (TGC) in every hole drilled.

The mineralisation has been dominated by particle sizes larger than 300 microns, with 43% of the material measuring greater than 500 microns.

Metallurgical test work carried out by Triton earlier this year has indicated that Ancuabe graphite is of the highest quality with respect to flake size and purity.

Trial concentrate production achieved an average grade of 98.2%TGC at 97% recovery through a simple four stage flotation process.

Only the western margins of a previously defined 4-kilometre-long target at the site have been drill tested so far.

East of T12, another target known as T16 has also demonstrated continuously exposed large-flake graphite over a horizontal width of 100 metres.

This discovery extends over a strike length of 800 metres and is currently the subject of a trench sampling program to determine graphite grade distribution.


Ancuabe potential

Very large flake graphite sourced from Ancuabe, may provide Triton the ability to produce a wide size range of high-quality graphite concentrates in order to cater for a variety of end-user requirements.

Ancuabe could also position Triton to take advantage of an expected future increase in demand for jumbo and large flake graphite.

Importantly, the recently explored T12 area is only 9 kilometres from the Graphite Kropfmuhl (GK) graphite operation, which is currently undergoing refurbishment in preparation for a production restart. 

Whilst in operation, this mine was world renowned as a preferred source of large-flake, high-value graphite.

Triton has a formal strategic alliance with GK to explore and identify the graphite potential of the Ancuabe region.

This cooperation has included a joint Ancuabe site visit by the two operators earlier this month with a view to further enhancing exploration and development activities.


New funding

The news follows quickly on a move by Triton to generate up to A$11.3 million to define resources at Ancuabe and the Nicanda West (also in Mozambique).

As part of the funding effort, GMP Securities Australia has agreed to partially underwrite the offer to a value of $4 million subject to conditions precedent, termination events and other terms and conditions customary for an underwriting agreement of its nature.

Funds will also be applied to expansion of a Definitive Feasibility Study to include Ancuabe, Nicanda West and a joint venture manufacturing facility in Mozambique and China.

Part of the proceeds will likewise be used to fund the start of construction at this facility with JV partner Yichang Xincheng Graphite.


Analysis

The drilling results at the T12 anomaly are considered extremely encouraging for an initial exploration pass, with every hole returning significant large-flake graphite. 

The potential demonstrated by this success is compounded by the fact that only a small percentage of the targeted area has so far been drill tested.

The full potential of Ancuabe is therefore yet to be realised.

The high prices that high-purity jumbo flake graphite can attract along with confirmation of in-situ grades that are typical for this style of deposit are positive indicators for a viable graphite operation at Ancuabe.

Also, the proximity of T12 to established infrastructure such as hydroelectric grid power and a relatively short haul by mostly sealed public roads to the port of Pemba is extremely advantageous.

Should exploration results support a mining operation, this existing infrastructure would allow for rapid advancement to production.

The geometry of the mineralised system is ideally suited to a low strip ratio open pit mining scenario.

The substantial horizontal widths – the limits of which have yet to be tested – in conjunction with the shallow dipping geometry may also prove favourable for a low-cost strip mine.

Ancuabe, meanwhile, maintains considerable scope for expansion as an exploration project, with the T16 area believed to have potential for economic concentrations of large-flake, high-value graphite.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 20 Nov 2015 09:39:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157760/triton-minerals-confirms-graphite-potential-at-ancuabe-65716.html
<![CDATA[News - Triton Minerals adds graphite potential at Nicanda Hill satellite ]]> http://www.proactiveinvestors.com.au/companies/news/157758/triton-minerals-adds-graphite-potential-at-nicanda-hill-satellite-65589.html New exploration and metallurgical work at Triton Minerals’ (ASX:TON) Nicanda West project in Mozambique has demonstrated a dominant presence of high-purity large to jumbo flake graphite.

Initial drilling at Nicanda West (also known as P66) has helped identify selective zones within a mineralised graphite envelope average up to 12.9% total graphitic carbon (TGC) as well as material capable of achieving battery-specification grade of 97.7%TGC through a simple flotation processes in concentrate production cycle.

Significant graphite mineralization confirmed by drilling included:

-108 metres at 5.1%TGC from 2 to 110 metres end of hole (EOH)
- 197.5 metres at 4.6%TGC from 2.5 to 200 metres EOH (almost entire length of hole)

Nicanda West – which is located 1.2 kilometres northwest from the main Nicanda Hill deposit – has been tested by 11 diamond and three reverse circulation drillholes. Assay results have been received for six of these drillholes.

Importantly, Nicanda West’s close proximity to the massive Nicanda Hill resource allows for the sharing of infrastructure and processing facilities, thus improving overall project economics.

Last month, Triton lifted the measured resource at Nicanda Hill to 33 million tonnes at 12.3% TGC and 0.34% vanadium (V2O5) as part of a massive total resource estimate of 1.4 billion tonnes at 11.1% TGC.

This provides the basis for the 10-year projected life of mine at Nicanda Hill and firms the project’s status as the largest known high-grade flake graphite-vanadium deposit in the world.


Capital raising

The news follows immediately on a move by Triton to generate up to A$11.3 million to define resources at Nicanda West and the Ancuabe graphite project (also in Mozambique).

As part of the funding effort, GMP Securities Australia has agreed to partially underwrite the offer to a value of $4 million subject to conditions precedent, termination events and other terms and conditions customary for an underwriting agreement of its nature.

Funds will also be applied to expansion of a Definitive Feasibility Study (DFS) to include Nicanda West, Ancuabe and a joint venture manufacturing facility in Mozambique and China.

Part of the proceeds will likewise be used to fund the start of construction at this facility with JV partner Yichang Xincheng Graphite.


Analysis

Encouraging initial drilling at Nicanda West together with the consistency of the high-purity large-flake graphite recovered during flotation testwork represents another decisive milestone in the development of Triton’s Mozambique projects.

This adds an important new dimension to the Triton Mozambique Graphite (TMG) product range, which has a wide range of commercialisation options.

The initial assays at Nicanda West have confirmed high-value large flake graphite and supported expectations that the integrated Nicanda mining operation will be able to produce a diverse range of high-quality graphite concentrates.

Also, the wide thicknesses of mineralisation and consistency of grade combined with no substantial overburden present an attractive open pit mining opportunity.

The ambitious funding drive by Triton, meanwhile, underlines the company’s confidence in its Mozambican graphite assets and in the market’s understanding of their strategic importance.

This is well illustrated by a $4 million underwriting commitment from a commodities-focused investment banking firm.

The resource development and DFS optimisation that this funding will enable represent significant potential price catalysts for Triton, which has been identified as undervalued.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 13 Nov 2015 12:43:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157758/triton-minerals-adds-graphite-potential-at-nicanda-hill-satellite-65589.html
<![CDATA[News - Triton Minerals secures $4M, targets $11M for graphite in Mozambique ]]> http://www.proactiveinvestors.com.au/companies/news/157754/triton-minerals-secures-4m-targets-11m-for-graphite-in-mozambique-65559.html Triton Minerals (ASX:TON) is seeking A$11.3 million for its drive to become a vertically integrated graphite company in Mozambique, with one investor agreeing to underwrite the fundraiser to a value of $4 million.

Triton is pursuing a pro rata non-renounceable entitlement issue of one share for every five shares held at an issue price of $0.15 per share, with each eligible shareholder offered one free attaching option for every two shares subscribed for under the offer.

The options are exercisable at $0.20 each and expire in March 2017. The closing date of the entitlement offer is December 11.

As part of the funding effort, GMP Securities Australia has agreed to partially underwrite the offer to a value of $4 million subject to conditions precedent, termination events and other terms and conditions customary for an underwriting agreement of its nature.

The money raised will be used to define resources at the Ancuabe graphite project and at the P66 zone of Triton’s Nicanda Hill graphite property – both in Mozambique.

Funds will also be applied to expansion of a Definitive Feasibility Study (DFS) to include P66, Ancuabe and a joint venture manufacturing facility in Mozambique and China.

Part of the proceeds will likewise be used to fund the start of construction at this facility with JV partner Yichang Xincheng Graphite.


Recent progress

Last month, Triton lifted the measured resource at Nicanda Hill to 33 million tonnes at 12.3% total graphitic carbon (TGC) and 0.34% vanadium (V2O5) as part of a massive total resource estimate of 1.4 billion tonnes at 11.1% TGC.

This provides the basis for the 10-year projected life of mine at Nicanda Hill and firms the project’s status as the largest known high-grade flake graphite-vanadium deposit in the world.

Meanwhile, metallurgical work has underlined the unique marketing versatility of graphite from both Nicanda Hill and Ancuabe with new tests confirming large particle sizes and high recovery rates.

This development supports project advancements that will allow Triton to produce a wide range of Triton Mozambique Graphite (TMG) concentrate products for its customers while improving potential regarding downstream economics.

TMG is unique as the graphite readily liberates to very high purities through traditional flotation methods.

The material is able to increase up to 1,500 times in volume after treatment with dilute acid and heating, and is expected to be in higher demand due to new Chinese building regulations.

Progress on these fronts allows Triton to focus on finding secure large concentrate offtake clients with a long-term vision of diverse graphite uses including energy storage and other technologies.

This is significant as it pushes the envelope in timelines: commencement of graphite concentrate production targeted for mid-2016 with start-up of "enhanced" graphite production in China at about the same time.

The DFS for Nicanda Hill is due in Q2 2016.


Analysis

The ambitious funding drive by Triton underlines the company’s confidence in its Mozambican graphite assets and in the market’s understanding of their strategic importance.

This is well illustrated by a $4 million underwriting commitment from a commodities-focused investment banking firm.

The resource development and DFS optimisation that this funding will enable represent significant potential price catalysts for Triton, which has been identified as undervalued.

Recent progress in proving up the quality of Triton’s graphite resources has also been an important step in adding to the company’s potential marketing ability by demonstrating the commercial viability of the raw material via TMG products. 

Graphite concentrates at both Nicanda Hill and Triton’s Ancuabe project s have achieved the highest levels of quality and purity without the need for chemical leaching, thus reducing the overall production costs and increasing TMG product options.

The demonstrated high quality of TMG provides the flexibility to customise and produce a broad range of graphite concentrates and enhanced products for a diverse global market.

This includes a full range of high-grade flake graphite concentrates with purities of up to 99% TGC, graphite composite material, spherical graphite and grapheme.

General development momentum at both Nicanda Hill and Ancuabe demonstrates the natural advantages of East Africa as a graphite jurisdiction and Triton’s potential for establishing multiple production streams across its suite of properties in the region.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 12 Nov 2015 12:32:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157754/triton-minerals-secures-4m-targets-11m-for-graphite-in-mozambique-65559.html
<![CDATA[News - Triton Minerals to finalise capital raising by Thursday ]]> http://www.proactiveinvestors.com.au/companies/news/157753/triton-minerals-to-finalise-capital-raising-by-thursday-65480.html Triton Minerals (ASX:TON) now expects to provide details of a capital raising no later than the commencement of trading on Thursday, 12 November 2015.

Triton's Nicanda Hill, part of the Balama North project, is firmly ranked as the largest known high grade flake graphite-vanadium deposit.

Apart from Nicanda Hill, Triton also has Ancuabe in its back pocket which has some of the best flake graphite flotation characteristics in the world.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 09 Nov 2015 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157753/triton-minerals-to-finalise-capital-raising-by-thursday-65480.html
<![CDATA[News - Triton Minerals granted additional time to finalise raising ]]> http://www.proactiveinvestors.com.au/companies/news/157752/triton-minerals-granted-additional-time-to-finalise-raising-65438.html Triton Minerals (ASX:TON) has been granted addition time to allow for the finalisation and completion of the current capital raising.

The company said that it expects the voluntary suspension to remain in place no later than the commencement of trading on Monday, 9 November 2015.

Triton's Nicanda Hill, part of the Balama North project, is firmly ranked as the largest known high grade flake graphite-vanadium deposit.

Apart from Nicanda Hill, Triton also has Ancuabe in its back pocket which has some of the best flake graphite flotation characteristics in the world.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 05 Nov 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157752/triton-minerals-granted-additional-time-to-finalise-raising-65438.html
<![CDATA[News - Triton Minerals to reveal capital raising ]]> http://www.proactiveinvestors.com.au/companies/news/157749/triton-minerals-to-reveal-capital-raising-65398.html Mozambique graphite-company Triton Minerals (ASX:TON) has been granted a trading halt by the ASX pending details of a capital raising.

Triton's Nicanda Hill, part of the Balama North project, is firmly ranked as the largest known high grade flake graphite-vanadium deposit.

Apart from Nicanda Hill, Triton also has Ancuabe in its back pocket which has some of the best flake graphite flotation characteristics in the world.

The halt will remain in place until the opening of trade on Thursday 5th November 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 03 Nov 2015 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157749/triton-minerals-to-reveal-capital-raising-65398.html
<![CDATA[News - Triton Minerals lifts graphite grade, ups resource confidence at Nicanda Hill ]]> http://www.proactiveinvestors.com.au/companies/news/157747/triton-minerals-lifts-graphite-grade-ups-resource-confidence-at-nicanda-hill-65359.html Triton Minerals (ASX:TON) has lifted the graphite grade and defined a Measured resource at the monster Nicanda Hill graphite-vanadium deposit in Mozambique.

The higher confidence Measured resource is estimated at 33 million tonnes at 12.3% total graphitic carbon (TGC) and 0.34% vanadium (V2O5) as part of a massive total Mineral Resource estimate of 1.4 billion tonnes at 11.1% TGC.

Nicanda Hill, part of the Balama North project is firmly ranked as the largest known high grade flake graphite-vanadium deposit.

The cashed up Triton with $23 million and no debt estimates that less than 20% of the total resource strike length has been converted to a measured resource. 

Not that it is needed now as the Measured resource provides the basis for the 10 year projected life of mine at Nicanda Hill, on the road to defining bankable proven and probable graphite ore reserves.

Triton can now focus on finding secure large concentrate off-take clients for its graphite with a long-term vision of diverse graphite uses including energy storage and other technologies.

Which is significant as it pushes the envelope in timelines: commencement of graphite concentrate production targeted for mid 2016 and starting "enhanced" graphite production in China at about the same time.

This will be captured in a Definitive Feasibility Study due for Nicanda Hill 100 in Q2 2016.

Apart from Nicanda Hill, Triton also has Ancuabe in its back pocket ranking as having some of the best flake graphite flotation characteristics in the world at premium large flake concentrate at 180-2,000µ/80-5mesh, >99%. This is suitable for battery-grade flake.

A focus on early cash-flow generation will be at Ancuabe and P66 concentrate boosted by China factory-generated revenue and benefitting from suitable hydro-electric grid power available immediately.

There is also a bitumen road to Nicanda Hill mine gate and the Ancuabe project is located only 60 kilometres from port. 

 

Milestones ahead

There are plenty of them including at Nicanda Hill P66:

- Drilling activities update – Q4 2015

- Mineral Resource - Q4 2015

- Mineral Reserves- Q2 2016


While at Nicanda Hill 100:

- Resource re-classification - Q4 2015

- Reserves targeted for - Q4 2015

- Early works and access update – Q1 2016

- EIA, DUAT, Mining License update – Q2 2016

- Expanded DFS due for completion by - Q2 2016

 

At Ancuabe, milestones include:

- Drilling activities update – Q4 2015

- Mineral Resource - Q4 2015

- EIA & DUAT update – Q1 2016

- Advancement of strategic alliance with GK – Q1 2016

- Mineral Reserves - Q2 2016


In China the YXGC JV milestones include:

- Commence construction enhanced graphite factory - Q4 2015

- Commission factory - Q2 2016

- Full production 10,000tpa - Q3 2016

Which would certainly take Triton along the path to its aim of becoming the world’s lowest cost and most diversified graphite product range.

 

Analysis

Share price drivers are numerous in months ahead as Triton drives to become a vertically integrated graphite company. Today's resource upgrade plays nicely into the DFS underway, as well as seeking long term binding offtake with strategic partners while aiming to generate near term revenue streams from its JV and alliances (China & Mozambique).

 

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

 

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Fri, 30 Oct 2015 12:49:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157747/triton-minerals-lifts-graphite-grade-ups-resource-confidence-at-nicanda-hill-65359.html
<![CDATA[News - Triton Minerals improves downstream economics for Mozambique graphite ]]> http://www.proactiveinvestors.com.au/companies/news/157745/triton-minerals-improves-downstream-economics-for-mozambique-graphite-65097.html Triton Minerals (ASX:TON) has underlined the unique marketing versatility of its graphite resources on the Balama North and Ancuabe projects in Mozambique with new testwork confirming large particle sizes and high recovery rates.

Recent metallurgical testing has indicated the substantial presence of large graphite particle sizes at Balama’s Nicanda Hill deposit, with 53% of the discrete mass graphite particles larger than 150 micrometres.

The sampled material was found to be readily liberated by crushing, grinding, rougher and cleaner flotation, with no additional regrind required. Concentrate grade of 96.1% total graphitic carbon were achieved at a recovery of 97.4%.

Optimisation of the metallurgy at Nicanda Hill is expected to result in improved economics for Balama, with higher quality products able to demand a stronger market price as well as high purity levels allowing for more operational efficiencies.

Triton is reviewing options to determine whether the graphite concentrate from the sampled zone at Nicanda Hill can be further upgraded through flotation.

The company is aiming to obtain similar purity levels to those recently achieved with Nicanda Hill (in excess of 99%TGC) without the use of acid leaching.

Ancuabe testwork

Closer to the coast and the port city of Pemba, Balama’s sister project Ancuabe also tested a trial production cycle on the back of high customer demand.

The lab work in Johannesburg confirmed an average grade of 98.2%TGC for the material and a metallurgical recovery rate of 97%.

During the program, graphite concentrates were produced in excess of 98%TGC, whilst still preserving the majority of graphite flake sizes. The graphite flakes were obtained through the standard methods of crushing, grinding, rougher and cleaner flotation.

Triton found more than 85% of the graphite particle sizes were larger than 150 micrometres and the majority were in excess of 300 micrometres.

These exceptional results demonstrate the high quality of the Ancuabe graphite and concentrate samples are currently being despatched to several parties across the globe that have expressed interest in testing the material.

Reconnaissance mapping and sampling undertaken at Ancuabe during the year has identified a substantial amount of graphitic outcropping in several locations, over a distance of approximately 3.5 kilometres.

Visual inspections of the rock samples taken from the project appear to show a high proportion of large, jumbo and super-jumbo graphite flake, which could be readily separate on the outer surface of the rock chip samples.

Production milestone

Triton recently demonstrated the commercial viability of Nicanda Hill graphite with successful commercial-scale production trial at the Yichang Xinheng Graphite Co Ltd (YXGC) factory.

This confirmed the feasibility of producing high-strength composite graphite materials and fire resistant polystyrene foam using the company’s Triton Mozambique Graphite (TMG), which readily liberates to very high purities through traditional flotation methods.

This work followed the signing earlier this year of a 20-year offtake deal with YXGC worth US$2 billion (A$2.8 billion) and joint ventures for factories in China and Mozambique to produce enhanced graphite products.

TMG is expandable, meaning it has the ability to increase up to 1,500 times in volume after treatment with dilute acid and heating.

Currently, China produces approximately 16,000 different types of expandable graphite products. The main markets for expandable graphite include graphite foils, sheets, flame retardants, thermal conductivity additives, electrical conductivity additives, sealing materials in critical applications of high pressure environments.

Due to the thermal and fire retardant properties of graphite the Chinese Government is reportedly planning to mandate that all building insulation use expanded polystyrene in construction of new buildings that must contain 10-15% of expanded graphite.

Triton intends establishing TMG as a new global graphite-industry benchmark, by aiming to offer the world's lowest cost and most diversified graphite product range and becoming a long term reliable supplier.

Analysis

The latest metallurgical results demonstrate the versatility of Nicanda Hill and Ancuabe to deliver the most diverse range of graphite flake sizes while justifying the progression to a comprehensive metallurgical testwork program and bulk concentrate production run.

This in turn supports project advancement that will allow Triton to produce a wide range of TMG products for its customers and improved potential regarding downstream economics.

It is expected that confirmation of the large and jumbo size fractions of high grade graphite flakes recovered from flotation will improve the economic returns from Balama. This is because the larger size flakes will raise the average basket sale price for the graphite concentrate sold from Nicanda Hill.

Optimization of the metallurgical process is expected to further enhance the quality of the final product concentrate.

The metallurgical progress also reinforces recent broker analysis finding Triton shares to be worth more than three times their current value.

The recent production success in Asia also underscores the high quality of TMG products, which are critical in many niche end-use segments in the broader graphite sector.

The stronger connection to Asian partners evidenced by the successful product trials bodes well for future market penetration of Nicanda Hill material.

TMG is now in a unique position to supply a broad and diverse market, having produced a full range of high grade flake graphite concentrates, graphite composite material, graphite sheets and foils, spherical graphite and graphene.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 14 Oct 2015 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157745/triton-minerals-improves-downstream-economics-for-mozambique-graphite-65097.html
<![CDATA[News - Triton Minerals worth a lot more: broker ]]> http://www.proactiveinvestors.com.au/companies/news/157743/triton-minerals-worth-a-lot-more-broker-65020.html Triton Minerals (ASX:TON) has received a buy recommendation from GMP Securities, with the broker lifting its share price target to $0.88 based on the emerging strategy of both concentrate and enhanced product production.

The target is more than three times Triton's last traded price. The following is an extract from the report.


A four pronged strategy emerges

Triton’s product is fully diversified & of strategic value

Triton has the largest graphite resource in the world at Nicanda Hill and potentially a supply of the coarsest flake (high value) graphite in the world from Ancuabe.

With both of these, Triton has the opportunity to develop a flexible, diversified and strategic supply of graphite from its Triton Mozambique Graphite (TMG) product.

Test work has shown that TMG can be used in traditional markets, as spherical graphite in the battery market, as expandable graphite and to create the new ‘wonder material’ graphene.


Vertical integration provides greater diversification and profit

TON’s strategy is to complement its flexible and diversified product range of concentrates with enhanced graphite products from factories in China and Mozambique utilizing its strategic partnership with YXGC.

This is expected to provide additional markets for TMG product and greater profit margins utilizing its low cost production and technical knowhow.


Strategic partnership for growth

We recently completed a site visit to Triton’s strategic partner Yichang Xincheng Graphite Co.Ltd (YXGC)’s factory in China.

We viewed the factory, spoke with management and came away confident in the strength of this alliance.


Anticipating growth in the expandable graphite sector

Expandable graphite products include powder, foil, roll, heat resistant insulation foam, replacements for asbestos sheet, ribbon, 3D printing and even yarn.

Uses include insulation, foundry, brake linings and lubricants.


Maintain BUY rating and lift price target to A$0.88/sh

Our SOTP valuation based price target has lifted slightly to A$0.88/sh.

We have remodelled around the emerging strategy of both concentrate and enhanced product production.

We have also taken the opportunity to be more aggressive on flake size and basket price assumptions and applied considerable conservatism.

We further discount NAV to reflect technical and funding risk.

In addition, we model a small funding event next quarter and have diluted our valuation to reflect this.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 12 Oct 2015 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157743/triton-minerals-worth-a-lot-more-broker-65020.html
<![CDATA[News - Triton Minerals nears Asian markets with graphite production milestone ]]> http://www.proactiveinvestors.com.au/companies/news/157742/triton-minerals-nears-asian-markets-with-graphite-production-milestone-64968.html Triton Minerals (ASX:TON) has achieved an important milestone in demonstrating the commercial viability of its Nicanda Hill graphite project in Mozambique with another successful commercial-scale production trial.

The company has produced high strength composite graphite materials and fire resistant polystyrene foam using the project’s Triton Mozambique Graphite (TNG) concentrate material at the Yichang Xinheng Graphite Co Ltd (YXGC) factory.

This follows on the signing earlier this year of a 20-year offtake deal with YXGC worthy US$2 billion (A$2.8 billion) and joint ventures for factories in China and Mozambique to produce enhanced graphite products.

TMG is now in a unique position to supply a broad and diverse market, having produced a full range of high grade flake graphite concentrates, graphite composite material, graphite sheets and foils, spherical graphite and graphene.

YXGC chairman Yue Bin commented:

“We are delighted with the progress to date and the strong positive results achieved at our factory with the production of the high quality TMG products.

“The long term supply of high quality TMG afforded by Triton will allow both Triton and YXGC to develop and prosper from a broad range of competitively priced enhanced graphite products destined for the diverse global markets.”


TMG attributes

TMG is unique since the graphite readily liberates to very high purities through traditional flotation methods. It is also expandable, meaning it has the ability to increase up to 1,500 times in volume after treatment with dilute acid and heating.

Currently, China produces approximately 16,000 different types of expandable graphite products. The main markets for expandable graphite include graphite foils, sheets, flame retardants, thermal conductivity additives, electrical conductivity additives, sealing materials in critical applications of high pressure environments.

Due to the thermal and fire retardant properties of graphite the Chinese Government is reportedly planning to mandate that all building insulation use expanded polystyrene in construction of new buildings that must contain 10-15% of expanded graphite.

If this occurs, then the potential market size is significant as it would likely be implemented across the entire population base of the country. Through the China JV with YXGC and using TMG, Triton is hoping to produce flame retardant expandable graphite to assist in satisfying the future demand of this type of enhanced graphite product.

Graphite concentrates  at both Nicanda Hill and Triton’s Ancuabe project (also in Mozambique) have achieved the highest levels of quality and purity without the need for chemical leaching, thus reducing the overall production costs and increasing TMG product options.

The demonstrated high quality of TMG provides the flexibility to customise and produce a broad range of graphite concentrates and enhanced products for a diverse global market. This includes a full range of high-grade flake graphite concentrates with purities of up to 99% total graphitic carbon (TGC), graphite composite material, spherical graphite and grapheme.

Triton is moving closer to its goal of vertical integration and establishing TMG as the global graphite-industry benchmark, by aiming to offer the world's lowest cost and most diversified graphite product range.


Feasibility progress

Triton has also recently enhanced the economic potential of Nicanda Hill with a recent study that indicated potential for a more rapid return on investment and increased profit margins in the near term.

This would be by a factor up to 5 to 10 times greater than export of graphite concentrate alone.

The internal assessment found that the establishment of spherical and enhanced graphite products factories at Nicanda Hill and in-country manufacturing will earn development and tax incentives from the Mozambique government.

Triton is targeting completion of the project’s definitive feasibility study by the end of 2015.


Greater portfolio scope

The positive TMG trialling followed quickly on the discovery of more than 550 metres strike length at Ancuabe where drilling and visual inspections last month found multiple mineable zones of large and jumbo flake graphite.

Continuous graphitic exposures were discovered by ground validation of a previously established electromagnetic anomaly.

Initial visual inspections indicate the mineralisation zone to be about 100 metres wide at surface and up to 50 metres in true thickness down hole.

The area comprises a number of high, medium and low-grade graphite zones and puts the company in a unique position to customise products to suit various customer demands.

The area of the discovery, known as T12, is planned to establish a resource by the end of the year.


Analysis

Successful creation of graphite products using TMG demonstrates the high quality of the material, which is critical in many niche end-use segments in the broader graphite sector.

The stronger connection to Asian partners evidenced by the successful product trials bodes well for future market penetration of Nicanda Hill material.

YXGC sells a range of graphite products aimed at the electronics, battery and automotive sectors, with more than 130 Chinese clients as well as customer in 20 different countries across the globe.

Previous studies have positioned TMG as one of the lowest cost graphite materials, with the most diversified graphite product range backed by the longevity and reliable supply source of premium quality flake graphite.

Nicanda Hill’s status as one of the largest known graphite deposits in the world (1.47 billion tonnes at 10.7% TGC) provides longevity and certainty of supply to potential customers.

The recent enhancements made on the DFS still in progress at Nicanda Hill are a positive sign regarding the company’s prospects of realising a vertically integrated graphite strategy.

Growth in the potential of Ancuabe demonstrates the natural advantages of East Africa as a graphite jurisdiction and Triton’s potential for establishing multiple production streams across its suite of properties in the region.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 07 Oct 2015 14:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/157742/triton-minerals-nears-asian-markets-with-graphite-production-milestone-64968.html
<![CDATA[News - Triton Minerals graphite discovery to support high-value products ]]> http://www.proactiveinvestors.com.au/companies/news/157741/triton-minerals-graphite-discovery-to-support-high-value-products-64630.html Triton Minerals (ASX:TON) has improved its scope for commercialisation of a wide range of graphite flake sizes by confirming continuous graphitic mineralisation over a 550 metres strike length at its highly prospective Ancuabe project in Mozambique.

Initial drilling and visual inspections of drill core of 5 diamond and 3 RC holes at the project’s T12 area found multiple mineable zones of large and jumbo flake graphite.

Assay results for the drill core are pending.

Triton is now aiming to define a resource at T12 by the end of the year.

Continuous graphitic exposures were discovered by ground validation of a previously established electromagnetic anomaly.

Initial visual inspections indicate the mineralisation zone to be about 100 metres wide at surface and up to 50 metres in true thickness down hole.

The area comprises a number of high, medium and low-grade graphite zones and puts the company in a unique position to customise products to suit various customer demands.

Triton’s managing director & CEO Brad Boyle said: “The intersection of this large graphitic mineralisation zone at Ancuabe is a very exciting development for Triton, as it creates more development opportunities.

"The identification of multiple visual zones of large and jumbo flake graphite over considerable distances is once again verifying the world class nature of the Ancuabe location and the accuracy of the VTEM data.

"Triton is now aiming to define a JORC complaint resource at T12 by the end of 2015. This most recent discovery of high quality graphitic mineralisation puts Triton in the unique position to customise TMG products to suit a very diverse market end users, by providing the best range flake graphite sizes.”

Triton’s technical director Alfred Gillman stated: “Given the great reverence with which “Ancuabe graphite” has within the global graphite industry, the T12 greenfields discovery is a truly exciting development."


Complementary to advanced product line

The T12 discovery could complement the Triton Minerals Graphite (TMG) products range and provide the company with the potential to produce large volumes of high-grade (high-value) graphite in the full range of flake sizes, thereby accommodating a wider range of end-user requirements.

TMG material was confirmed earlier this month to be capable of producing commercial grade graphene oxide using standard extraction methods.

The lab work in Singapore also successfully produced graphene powder by simply drying the TMG graphene oxide solution.

Graphene oxide solution is sold commercially in a diluted form for of up to $400 for 250ml.


Physical characteristics

Reconnaissance mapping and sampling undertaken at Ancuabe during the year identified a substantial amount of graphitic outcropping in several locations, over a distance of approximately 3.5 kilometres.

Visual inspections of the rock samples taken at the site appear to show a high proportion of large, jumbo and super jumbo graphite flake material, which is readily separated on the outer surface of the rock chip samples.

Most significantly, the dominant proportion of recovered large flakes sizes at Ancuabe, with demonstrates grades in excess of 92% at >100 mesh (150µm).

These metallurgical results were obtained through a minimal series of crushing, grinding, rougher and cleaner flotation, without the need to complete a regrind of the graphite concentrate.

Triton has confirmed that the EIA continues to progress well and is on track for completion by June 2016. DUAT applications (land use license) have commenced together with the initial feasibility study.


Analysis

The news from Ancuabe continues the forward progression of Triton's projects in Mozambique and ability to become a leading source of globally low cost and a diversified graphite product range with a reliable long mine supply life.

Confirmation of a meaningful presence of graphite at this location offers greater confidence in demonstrating that economic quantities of the prized graphite categories of large and jumbo flake material.

Multiple mineable zones of large and jumbo flake graphite were intersected.

Ancuabe graphite is believed to have the best flake size distribution in the world and the largest majority of jumbo and super jumbo graphite flakes.

Very large flake graphite sourced from Ancuabe may provide Triton the ability to produce a wide size range of high-quality graphite concentrates in order to cater for a variety of end-user requirements.

The identification of continuous graphitic mineralisation at Ancuabe is significant because it provides additional opportunities to realise the project’s demonstrated potential to become a market-leading graphite supplier.

Simpler crushing and grinding due to Ancuabe’s outstanding flake characteristics may result in reduced processing requirements during graphite flotation and a positive impact for Triton reducing the time and energy needed to complete the process.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

 

 

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Fri, 18 Sep 2015 15:35:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157741/triton-minerals-graphite-discovery-to-support-high-value-products-64630.html
<![CDATA[News - Triton Minerals study underscores vertical integration graphite upside ]]> http://www.proactiveinvestors.com.au/companies/news/157740/triton-minerals-study-underscores-vertical-integration-graphite-upside--64512.html Triton Minerals (ASX:TON) has revealed an economic study underscores the economic advantages from a strategy of vertical integration at its Nicanda Hill graphite project in Mozambique.

The study is part of modelling for the Definitive Feasibility Study and highlights that value adding in Mozambique by Triton provides for a more rapid return on investment and increased profit margins in the near term.

This would be by a factor up to 5 to 10 times greater than export of graphite concentrate alone.

With a graphite resource base among the highest in the world, Triton can lay claim to a long life and certainty of supply to support establishment of valued added spherical and enhanced graphite products factories at Nicanda Hill.

Nicanda Hill is the largest known high grade graphite deposit with an Indicated and Inferred Resource of 1,457 million tonnes at 10.7% Total Graphitic Carbon (TGC) and 0.27% Vanadium Pentoxide.

While at Ancuabe, there is an ability to access some of the world’s best quality and flake graphite distribution.

The internal economic assessment found that the establishment of spherical and enhanced graphite products factories at Nicanda Hill and in-country manufacturing will earn development and tax incentives from Mozambique Government.

High value products, such as graphite composite material, graphite sheets and foils, spherical graphite are currently in high demand in the broader and larger energy storage and electronics markets.

Graphene production from Nicanda is also a possibility over time.

Brad Boyle, managing director, commented:

“The recent confirmation that TMG can produce a wide range of high quality graphite products, including a full range of high grade flake graphite concentrates, graphite composite material, graphite sheets and foils, spherical graphite and graphene, places Triton in a unique position to supply a broad and diverse market base.

"Triton currently has the largest known graphite deposit in the world which provides longevity and certainty of supply. The high quality nature of the TMG products and the strong support of the Mozambique Government will allow Triton to rapidly advance all the projects and operations.

"Triton is focused on an in-country value-adding strategy as it is the logical step to utilise the established and future infrastructure, maximising the value of TMG products before selling and transporting them elsewhere.

"Finally, Triton’s strategy aligns with the new fiscal and mining regimes of the Mozambique government and provides the company the advantage of obtaining a number of development incentives and rebates which are associated with in-country value adding.”


Reduce CAPEX and OPEX

Key benefits of value-adding of the TMG products on site at Nicanda Hill include the use of established mine infrastructure, power and water.

This would help to reduce capital and operating costs for the joint venture project and the in-country value adding process is aligned with the current objectives of the Mozambique fiscal and mining regimes.


Additional benefits of a vertically integrated business

The study identified:

- Significant tax and import/export incentives that are not available to mining-only operations;
- Integrated DFS financial modelling will include mine-gate concentrate production costs rather than FOB costs;
- Integrated DFS financial modelling will incorporate value-added sales prices which can be greater than US$2,500/tonne for expanded graphite, US$6,000/tonne for composite graphite material and up to US$50,000/tonne for graphite foils;
- Longevity and certainty of supply from Triton's long life, high grade graphite deposit of 20 years (2 million tonnes) binding off take with Yichang Xincheng Graphite Co., Ltd (YXGC) of graphite concentrate, for both expanded and composite graphite products;
- Binding joint venture agreements with YXGC to produce composite graphite products generates an internal supply demand for the TMG which is both independent and not reliant on the broader global graphite market;
- Ability to produce a high quality, competitively-priced, full range of flake graphite concentrate grades and sizes that can be customised for end user requirements;
- Ability to produce high quality enhanced graphite products that can be customised for end user requirements;
- Ability to produce competitively-priced spherical graphite on site at production levels that can customised to suit market requirements and demand;
- By producing spherical graphite on-site, there is less wastage as only the high-value product will be transported to clients. Costs of transporting concentrate destined for off-shore spherical graphite production, of which up to half will be discarded as waste can be avoided.
The current Nicanda Hill DUAT application will incorporate the spherical and enhanced graphite products factory facilities, such that a separate DUAT application will not be required;
- The current Environment Impact Assessment (EIA) application will incorporate the factory facilities at Nicanda Hill; and
- The factories and concentrator will share the same energy and water sources, thus avoiding duplication of capital and operating costs.

Trion also has the newly discovered P66 zone at the Balama North project.


High recovery and purity

Bulk sample test work undertaken by SGS Lakefield, Perth on standard Nicanda Hill graphite material (100) has achieved high recovery and purity results.

Latest test results have confirmed the Nicanda Hill graphite concentrate can be readily upgraded to 99% purity through simple flotation.

Importantly, this would mean that there is no need for chemical leaching, reducing the overall production costs and increasing TMG product options at Nicanda Hill and Ancuabe based on this work.


Possible expansion of DFS

As a result of the encouraging recent results with TMG products, Triton is reviewing options to expand the scope of the current DFS to include the P66 zone as well as the vertical integrated facilities at Nicanda Hill.

This could also include the Ancuabe project, subject to further exploration success.


Analysis

All told, these developments are extremely positive for Triton's DFS and vertically integrated graphite strategy.

It also positions TMG as one of the lowest cost and with the most diversified graphite product range backed by the longevity and reliable supply source of premium quality flake graphite.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 14 Sep 2015 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157740/triton-minerals-study-underscores-vertical-integration-graphite-upside--64512.html
<![CDATA[News - Triton Minerals produces graphene from Mozambique graphite ]]> http://www.proactiveinvestors.com.au/companies/news/157739/triton-minerals-produces-graphene-from-mozambique-graphite-64486.html Triton Minerals (ASX:TON) has successfully produced commercial grade graphene oxide from various graphite concentrate grades sourced from its projects in Mozambique.

Standard extraction methods readily allowed production of 250ml of high concentration graphene oxide solution from just 1.5 grams of Triton Mozambique Graphite (TMG).
   
Graphene oxide solution is sold commercially in a diluted form (concentration at 4mg/ml) and can sell for of up to $400 for 250ml.

The Government-sponsored laboratory in Singapore also successful produced graphene powder by simply reducing (drying) the TMG graphene oxide solution.

These developments further expand the TMG product range.

In August, the company produced spherical graphite suitable for lithium ion batteries and energy storage applications as well as starting trial production of enhanced graphite products at partner Yichang Xincheng Graphite Co., Ltd’s Dongyang factory in China.

Brad Boyle, managing director, commented:

“The successful production of the Graphene Oxide and Graphene through standard industrial techniques, once again demonstrates the high quality and versatility of the TMG products.

“The remarkable properties of Graphene are well known and now that TMG has shown to be ideally suited to create the wonder material, this now creates further possibilities for Triton to expand their market presence and to explore an even broader client base and revenue streams.”


Graphene Oxide Uses

Graphene oxide (GO) is a unique material that can be viewed as a single monomolecular layer of graphite with various oxygen containing functionalities.

Nanocomposites of reduced GO have been used for high capacity energy storage in lithium ion
Batteries

Graphene based micro-supercapacitors will likely be developed for use in low energy applications such as smart phones and portable computing devices.

Graphene-enhanced lithium ion batteries could be used in much higher energy usage applications such as electrically powered vehicles, or they can be used as lithium ion batteries are now, in smartphones, laptops and tablet PCs but at significantly lower levels of size and weight.

It can also be used as an alternative to silicon in the manufacture of photovoltaic cells, which has the potential to lower costs and increase efficiency.

GO could also be soon used in commercial quantities for touchscreens, liquid crystal displays and organic light emitting diodes.

Other potential uses include replacing steel in the structure of aircraft, improving fuel efficiency, range and reducing weight; as a component in drug delivery systems; water filtration; and biosensors.

Work is progressing for a cheaper, simpler, more efficient and better yielding method of producing graphene that can be scaled up massively compared to current methods.

Once this is achieved, graphene is expected to become more widely used in commercial and industrial applications.


Analysis

The successful production of graphene oxide and graphene further expands the product range for Triton Mineral’s graphite projects in Mozambique.

It also represents an opportunity for the company to carve a slice of a sector that is very much in its infancy.

With the recent discovery of a new zone with visible jumbo flake graphite, the company is well placed to expand its market presence and to explore a broader customer and application base and revenue stream.

Triton had $8.6 million in cash as at 30th June 2015.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 11 Sep 2015 12:42:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157739/triton-minerals-produces-graphene-from-mozambique-graphite-64486.html
<![CDATA[News - Triton Minerals discovers visible jumbo flake graphite zone at Nicanda Hill ]]> http://www.proactiveinvestors.com.au/companies/news/157738/triton-minerals-discovers-visible-jumbo-flake-graphite-zone-at-nicanda-hill-64244.html Triton Minerals (ASX:TON) has discovered a new visible jumbo flake graphite zone at its Nicanda Hill Project in Mozambique.

This is in addition to the initial JORC 2012 compliant graphite resource and provides the company with more opportunities to expand the Triton Mozambique Graphite (TMG) product range.

Nicanda Hill currently has an Indicated and Inferred Resource of 1,457 million tonnes at 10.7% Total Graphitic Carbon (TGC) and 0.27% Vanadium Pentoxide.

Drilling to test a number of VTEM targets at the Ancuabe Project is also advancing well with access to main target areas now complete and more graphitic outcropping with jumbo flake graphite identified.

Earlier this month, initial laboratory tests using graphite concentrate sourced from its Nicanda Hill Project in Mozambique produced spherical graphite suitable for use with lithium-ion batteries.

This followed the start of trial production of enhanced graphite products at partner Yichang Xincheng Graphite Co., Ltd’s Dongyang factory in China.

Brad Boyle, managing director, commented:

“The discovery of jumbo flake graphite at Nicanda Hill is an exceptional outcome for Triton and further demonstrates the world class nature of the Nicanda Hill deposit and the likelihood that it will become the premier graphite deposit in Mozambique.

“Triton is now targeting to become the only graphite company in Mozambique, and possibly the world, with two market leading graphite projects, that together can provide high volume and quality graphite concentrates and products, which includes greater than 600 micron jumbo flake graphite, to our existing off take partners and additionally to a global range of end users.

“The P66 graphite zone potentially provides Triton further opportunities to expand the TMG product range, supply to a greater number of clients and obtain higher sale prices for the Nicanda Hill graphite.”


Visible Jumbo Flake Graphite

The discovery of the new P66 jumbo flake graphite zone to the northwest and outside of previously defined graphitic mineralisation was made as a result of the current Definitive Feasibility Study drilling program.

Diamond drill hole GBND0055 intersected strong graphitic mineralisation with extensive jumbo flake graphite present in the drill core.

Subsequent drilling to the north and south confirmed the continuity of jumbo flake graphite mineralisation over a considerable distance.

The zone has been confirmed in drill hole GBND0056, which is located 100 metres to the north of drill hole GBND0055. Notably, it ended at 152 metres in good visual graphite mineralisation, providing scope to extend the zone at depth if required.

Visual inspections of the drill core from the P66 zone shows a high volume of large, jumbo and superjumbo flake graphite with sizes well in excess of 2000µ.

These appear to readily separate on the outer surface of the drill core samples.

Based on the previous strong correlation demonstrated between the VTEM anomalies and the associated graphite drill intersections at Nicanda Hill, Triton is confident that the correlation will continue at the P66 zone, which could amount a substantial mineral resource of jumbo flake graphite.

The geometry of the new graphitic zone is yet to be fully defined and additional exploration work and drilling will be completed by Triton in order to obtain a better understanding of the true dimensions of the P66 graphite zone and to define a mineral resource.


Nicanda Hill Drilling

Apart from the discovery of the P66 graphite zone, the DFS drilling at the Nicanda Hill deposit remains on schedule and within budget with a targeted completion by the end of 2015.

Results from the resource infill drilling program will be used to confirm the current resource interpretation and to establish the optimum grade control pattern within the limits of the Years 1 to 10 design pit.

It will also permit an upgrade of part of the Resource to the Measured classification, which will form the basis of developing a substantial quantity of proven graphite reserves to both underpin the project economics and reduce the risk profile.

Assay results from the DFS drilling program are being received from the laboratory, where they will be reviewed and validated by the company.

Initial results appear to fully validate and reinforce the original Nicanda Hill resource model.


Ancuabe Exploration Program

The company has completed a number of access tracks into the main drill target areas at the Ancuabe Project with work continuing to provide access to the remainder of the target areas.

A new all-weather general site access road is also being constructed to gain direct access to the bitumen highway to Pemba, which will significantly decrease transport distances.

In addition, further reconnaissance mapping and site preparation has identified additional graphitic outcropping which clearly contains a considerable quantity of jumbo flake graphite.

The initial drilling program to test a number of VTEM targets is now underway.


Analysis

The discovery of the new P66 zone with visible jumbo flake graphite is an exciting development that provides Triton Minerals with further opportunities and greater flexibility to increase the TMG product range.

It will also help the company meet current off-take demands and to potentially supply to a larger range of graphite end users across the globe.

There is also potential to increase resources given that P66 is located outside the existing graphite resource at Nicanda Hill.
   
With jumbo flake graphite attracting a premium price of more than US$2,000 per tonne, this new zone could have a positive impact on the overall economics of mining operations.

Triton had $8.6 million in cash as at 30th June 2015.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 28 Aug 2015 09:14:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157738/triton-minerals-discovers-visible-jumbo-flake-graphite-zone-at-nicanda-hill-64244.html
<![CDATA[News - Triton Minerals appoints Paula Ferreira as director ]]> http://www.proactiveinvestors.com.au/companies/news/157737/triton-minerals-appoints-paula-ferreira-as-director-64139.html Triton Minerals (ASX:TON) has appointed Paula Ferreira as a non-executive director of the company.

Ferreira has over 44 years of experience and is one of the founders of major Mozambique construction company CETA, having a strategic role in the merger of the 6 companies that formed it.

She spent the next 27 years devoted to financial audit, consulting and advisory roles.

This included being the managing director and partner of Deloitte & Touche in Mozambique from 2000 to 2013.

Ferreira also has a strong knowledge of the business environment in Mozambique while managing her own audit firm Sisteconta from 1987 to 1992.

Christopher Catlow, chairman, commented:

“I am pleased to welcome Ms. Paula Ferreira as an independent non-executive Board member. Paula’s integrity, stature and professional experience within Mozambique will augment the existing skills of the Triton Board.”

Earlier this month, initial laboratory tests using graphite concentrate sourced from its Nicanda Hill Project in Mozambique produced spherical graphite suitable for use with lithium-ion batteries.

This followed the start of trial production of enhanced graphite products at partner Yichang Xincheng Graphite Co., Ltd’s Dongyang factory in China.

Triton had $8.6 million in cash as at 30th June 2015.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 24 Aug 2015 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157737/triton-minerals-appoints-paula-ferreira-as-director-64139.html
<![CDATA[News - Triton Minerals produces battery grade spherical graphite ]]> http://www.proactiveinvestors.com.au/companies/news/157736/triton-minerals-produces-battery-grade-spherical-graphite-64103.html Triton Minerals (ASX:TON) has locked in on growing battery sector with initial laboratory tests producing spherical graphite from graphite concentrate sourced from its Nicanda Hill Project in Mozambique.

This follows the start of trial production of enhanced graphite products earlier this month at partner Yichang Xincheng Graphite Co., Ltd’s Dongyang factory in China.

Spherical graphite is ideally suited for lithium ion batteries and energy storage applications within the multi-billion dollar battery sector.

This has the potential to increase the range of Triton Mozambique Graphite (TMG) products and increase revenues.

Triton will now review the additional options available and consider the benefits of incorporating a scaled production process of spherical graphite into future product streams.

Further testing will also continue to optimise performance and recoveries rates.
   
Brad Boyle, managing director, commented:

“These tests confirm that Nicanda Hill graphite is ideally suited for the creation of the high value spherical graphite which is the foundation for the energy storage and electric vehicles markets.

“The battery market is an exciting, high growth sector. Triton will investigate incorporating spherical graphite production into future processing operations.”


Laboratory Testing

Nicanda Hill flake graphite concentrate was utilised due to the presence of naturally occurring high purity finer flake material, which reduces time and costs required to grind the particles to the required size.

Initial tests produced a wide range of spherical graphite particles ranging from 5 to 40 microns.

These are suitable for both course sizing li-ion batteries with particle sizes ranging from
25 microns to 48 microns and the fine sizing batteries that require spherical graphite with particle sizes ranging from 3 microns to 25 microns.


Lithium-Ion Batteries

The battery market is a rapidly growing sector with demand forecast to grow at approximately 9% per annum based on the growth forecasts in the li-ion battery demand.

This is driven mainly by the growth in hybrid and electric cars such as the Toyota Prius, BYD and Tesla.

The value of li-ion batteries in light duty consumer vehicles is expected to grow to $24.1 billion in 2023 from $3.2 billion in 2013.
   
About 90% of spherical graphite produced around the world is used in batteries.

It is estimated that 60,000 tonnes per year of graphite is consumed in the manufacture of anodes for lithium ion batteries (35,000 tonnes natural graphite and 25,000 tonnes synthetic graphite).

An average electric vehicle will require between 100 and 250 kilograms of graphite each depending on the size and power requirements.

Should the EV market grows as expected, the demand for graphite and in particular spherical graphite will grow accordingly and the total amount of graphite required to sustain this growth is projected to be almost 1.6 million tonnes per year by 2020.

Triton expects to be able to produce natural spherical graphite at a fraction of the cost to produce artificial graphite, which is made from a by-product of refining oil using an energy intensive and expensive process.


Analysis

Triton Minerals is increasingly well positioned to supply the growing battery sector with laboratory testing producing spherical graphite suitable for li-ion batteries.

This combined with one of the largest high grade flake graphite deposit is encouraging given the value of li-ion batteries in light duty electric consumer vehicle is expected to grow to $24.1 billion in 2023.

Looking ahead, the Nicanda Hill Definitive Feasibility Study and Environmental and Social Impact Assessment remain on track for completion by the end of 2015.

Other share price catalysts include results from Nicanda Hill drilling; upgrade of resource classification at Nicanda Hill; and results from metallurgical testing.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 20 Aug 2015 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157736/triton-minerals-produces-battery-grade-spherical-graphite-64103.html
<![CDATA[News - Triton Minerals starts trial production of enhanced graphite products ]]> http://www.proactiveinvestors.com.au/companies/news/157734/triton-minerals-starts-trial-production-of-enhanced-graphite-products--64000.html Triton Minerals (ASX:TON) has commenced trial production of enhanced graphite products at partner Yichang Xincheng Graphite Co., Ltd’s (YXGC) Dongyang factory in China.

This includes creation of polystyrene sheets with embedded expanded graphite and high strength composite graphite sheets from graphite concentrate sourced from Triton’s Mozambique projects (TMG).

It could also have early income in 2016 with initial production of enhanced graphite products from its joint venture plant in Xingshan with China’s Yichang Xincheng Graphite Co., Ltd (YXGC), which will source flake graphite locally for the first few years.

The Nicanda Hill Definitive Feasibility Study also remains on track for completion, along with the Environmental and Social Impact Assessment by the end of 2015.

Assay results from the resource infill drilling program are now starting to be received, which could lead to an upgrade in resource classification.

Metallurgical testing is reviewing flotation options to ensure the most cost effective and efficient graphite recovery process will be implemented.

Brad Boyle, managing director, commented:

“The strong support of both the Mozambique and Chinese governments has enabled Triton to rapidly advance all the projects and operations.   

“YXGC has now identified further uses for TMG products and the commencement of the trial graphite production at the Dongyang factory is a very exciting time for the company.

“Finally, drilling is now underway at Ancuabe and initial indications of the graphitic mineralisation are encouraging.”

TMG Products

Trial production of enhanced graphite products from graphite concentrate sourced from Triton’s Mozambique projects (TMG) at YXGC’s existing Dongyang factory has started.

This includes creation of polystyrene sheets with embedded expanded graphite that act as a flame retardant and high strength composite graphite sheets.

High strength composite graphite sheets are used for of automotive body parts and engine components, sealing products and many high-pressure industrial applications.


China Joint Venture

Additional tests by YXGC on graphite sourced from Triton’s Mozambique projects (TMG) have confirmed they are suited for use in all of the YXGC’s enhanced graphite products range as well as a new high-value composite graphite product currently being developed.
   
Further tests will be carried out to assess the suitability of TMG in a more diverse range of enhanced high-value graphite products.

At the proposed joint venture site, early works are continuing with the construction of access roads, clearing and ground preparation split into three levels totalling approximately 16 acres.

The Xingshan plant site is located next to a hydro power substation, river loading facilities and a major highway.

Environmental permits have been received for construction of the plant.

The Xingshan Regional Government is working closely with Triton and YXGC to develop the graphite production plant as soon as possible and is in position to provide financial concessions in order to facilitate development.
   
Triton has also formally registered the Hubei Xingshan Triton Technologies Pty Ltd (HXTT) with the Xingshan government.


Nicanda Hill Definitive Feasibility Study

The DFS is progressing well and is currently on track for completion by the end of 2015 and within budget.
 
Drilling is almost complete with a limited number of hydrology, sterilisation and water supply drill holes to be finished over the next few weeks.

The company has also started to receive assays from the resource infill drilling program from the Genalysis laboratories.

Results will be used to confirm the current resource interpretation and to establish the optimum grade control pattern within the limits of the Years 1 to 10 design pit.

This will also provide sufficient information to underpin an upgrade in resource classification of material significance and form the basis of developing a substantial quantity of proven graphite reserves to both underpin the project economics and reduce the risk profile.

In addition, design for the ROM pad, graphite processing plant, flow sheet and site layout are almost complete for the final phase of the DFS assessment.


Metallurgy

Metallurgical test work program is well advanced with a bulk sample being processed, assessed and refined at the SGS laboratories in Perth.

This is designed to refine and enhance the flow sheet design to optimise the established high recovery rates and high graphite concentrate grades of the flotation process and they are to be adopted at the Nicanda Hill processing plant.

Alternative flotation methods such as stand-alone column flotation chambers are being assessed that could keep down capital expenditure in the processing plant.

Structural steel requirement for a setup using column cells is significantly less than that for a conventional float chambers.

The company expects to receive in the coming weeks laboratory results that will determine whether Nicanda Hill graphite is suitable for the creation of spherical graphite, graphene oxide and ultimately graphene products.

Positive outcomes will provide Triton with additional market avenues, creating an opportunity to become a leading supplier of high quality graphite products that are used in the growing energy storage and electric vehicle markets.

   
Enhanced Graphite Products in Mozambique

Triton is currently reviewing in conjunction with YXGC a number of options and site locations including the potential construction of the enhanced graphite products factory next to the Nicanda Hill deposit.

This has the benefits of the use of established mine infrastructure, power and water.

Further benefits include an available local workforce, land access as the DUAT and environmental approval would already be approved under the mining license and reduced transportation costs.

These could help to reduce capital and operating costs for the joint venture project while the in-country value adding is aligned with the current objectives of Mozambique’s fiscal and mining regimes.


Ancuabe Exploration Program

Triton has started a limited initial drilling program to test 10 VTEM-based targets at the Anucabe Project.
 
Earthworks, carried out in clearing and preparation of some drill pads, has already exposed limited graphitic mineralisation at surface, which includes very high grade and jumbo flake graphitic material.

These near-surface finds confirm the previous identification of graphitic outcropping.

However, the company added that delineation of a potential economic resource will require a more extensive drilling program over the next 6-12 months.

Based on the historic mining in the region, the outcropping and surface mapping to date, Triton believes the resource style of graphite mineralisation at Ancuabe is likely to be very high-grade, relatively low-tonnage with flat-dipping graphite zones.

This contrasts with the Nicanda Hill style of graphitic mineralisation, which is high grade, very large tonnage and steep dipping.


Analysis

Triton Minerals is well funded with $8.6 million in cash and is also well on the path towards becoming a vertically integrated graphite producer.

This will add value to the company with the production of enhanced graphite products including polystyrene sheets and composite graphite sheets.

Already, trial production is already underway to prove the ability to produce these products from TMG.

Metallurgy is also assessing the potential for its graphite concentrate to produce spherical graphite, graphene oxide and ultimately graphene products that used in the energy storage and electric vehicle markets.

This includes creation of polystyrene sheets with embedded expanded graphite and high strength composite graphite sheets from graphite concentrate sourced from Triton’s Mozambique projects (TMG).

Production from the joint venture plant in Xingshan could begin in mid-2016, providing the company with a source of income.

Share Price Catalysts

- Breaking ground for the joint venture enhanced product site;
- Assay results from Nicanda Hill drilling;
- Upgrade of resource classification at Nicanda Hill; and
- Nicanda Hill metallurgical test results.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 14 Aug 2015 09:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157734/triton-minerals-starts-trial-production-of-enhanced-graphite-products--64000.html
<![CDATA[News - Triton Minerals moves into high gear at Mozambique graphite projects ]]> http://www.proactiveinvestors.com.au/companies/news/157733/triton-minerals-moves-into-high-gear-at-mozambique-graphite-projects-63414.html Triton Minerals (ASX:TON) is progressing development of its Mozambique graphite projects with the Nicanda Hill Definitive Feasibility Study on track for completion by the end of 2015.

The DFS drilling program is well underway with the use of diamond and RC drilling rigs while key environmental studies are on schedule.

At Ancuabe, the company is poised to start an initial drill program to test 10 VTEM-based targets, confirming that graphite, and no other conductive material, is responsible for generating the larger VTEM responses.

Triton has also completed a small reconnaissance geological mapping and sampling program while a metallurgical and mineralogical test work program is underway.

Brad Boyle, managing director, commented:

“It has been an extremely busy period for Triton, with solid progress with the Nicanda Hill DFS which is on track for completion, together with the ESIA, by the end of the 2015.

“Meanwhile, the company has also initiated the preliminary exploration program and full ESIA at the Ancuabe graphite project together with an initial reconnaissance mapping and sampling program at the Balama South graphite project.

“Triton is pleased with concurrent advancement of all the projects and we look forward to updating the market as the results from the various programs become available in the coming weeks and months ahead.”


Nicanda Hill

The environmental, social impact assessment is on schedule with Coastal and Environmental Services (CES) completing both the wet season and dry season baseline studies which are key components of the process.

The Ministry of Coordination of Environmental Affairs (MICOA) has completed their site visit at the Balama North project and the Environmental Pre-viability Report and Scope Definition (EPDA) and terms of reference disclosure documents will shortly be submitted to the Mozambique government.

Public consultations have been completed in the five surrounding villages with representatives from Triton, CES and the Government present.

CES are targeting to complete and submit their final ESIA report to the Mozambique Government by early December 2015.

Once submitted, the report will be reviewed accordingly and is expected to be finalised and approved by early 2016.

DUAT applications for the right to use and exploit land are progressing well, as the public consultations with the surrounding villages around the Nicanda Hill graphite project have now been completed.

Triton is expecting that the DUAT will be approved by the end of 2015.

The DFS program is currently is on time and within budget with Triton targeting completion by the end of 2015.

DFS drilling is well underway with the use of diamond and reverse circulation drilling rigs. This includes resource infill program within limits of the Year 10 pit perimeter, drilling of Piezometers, test pitting, pit geotechnical, pit hydrology, sterilisation and water supply.

Results will be used to confirm the current resource interpretation and to establish the optimum grade control pattern within the limits of the Years 1 to 10 design pit.

Drilling will also provide sufficient information to underpin an upgrade in resource classification of material significance and thus form the basis of developing a substantial quantity of proven graphite reserves to both underpin the project economics and reduce the risk profile.

A number of other assessments have been completed at site including packer testing, pump testing, magnetometer testing, down-hole orientation and geophysics which are essential in the development of the resource, pit design and tailings storage facility design.

Work is also well underway with the design for the graphite processing plant and site layout.


Metallurgy

Metallurgical test work is well advanced with a bulk sample being processed, assessed and refined at the SGS laboratories in Perth.

The program is designed to refine and enhance the flow sheet design to optimise the established high recovery rates and high graphite concentrate grades of the flotation process and they are to be adopted at the Nicanda Hill processing plant.

This will ensure the most cost effective and efficient graphite recovery process is used during the large scale commercial production of the high quality graphite concentrate.

Triton continues to look to expand the TMG product range and as such work is now being undertaken by Independent Metallurgical Operations (IMO) to understand a full range of the graphite concentrate physical characterisation properties, including electrical, thermal, density and laser sizing.

Further, the company is reviewing options to determine whether the Nicanda Hill graphite is suitable for the creation of spherical graphite.

Should these advanced tests produce positive outcomes, this will provide Triton with additional market avenues and creating an opportunity to become a leading supplier of high quality graphite products, to be used in the ever growing energy storage and electric vehicle markets.

Triton is also reviewing other metallurgical tests including whether TMG products will be suitable for creation of low cost graphene oxide and ultimately graphene products, which would create additional applications and diversification of the TMG concentrate, helping to expand Triton’s market presence as a vertically integrated graphite company.


Ancuabe

At the Ancuabe project, CES has completed the dry season review which is the first key component of the study at the Ancuabe project.

CES specialists are now completing further assessments of flora, fauna, natural resources and agriculture, water quality, fish, geohydrology, noise assessment, traffic and air quality.

Triton is now preparing to test 10 VTEM-based targets in the first pass “proof of concept” drilling program.

The key objective of the program is to confirm that graphite, and no other conductive material, is responsible for generating the larger VTEM responses.

A diamond rig has been mobilised to site for the initial drill program. Subject to results, a second diamond and reverse circulation drill rig will also be mobilised to Ancuabe.


Balama South

Triton has completed a small reconnaissance geological mapping and sampling program on the Balama South project.

The program was designed to confirm the presence of graphitic mineralisation as identified by the VTEM survey completed last year. A number of rock chip samples were obtained from graphitic outcrops and have been sent to the Mintek laboratories in South Africa for analysis.

Metallurgical and mineralogical test work is being conducted by Mintek laboratories in South Africa to define the flow sheet for the graphite flotation and recovery process.

The tests are focused on the effect of milling times in the circuits and the graphite flake preservation in the early stages of the flotation process.

Triton expects to receive preliminary assay results and the subsequent flotation results from Mintek in the coming weeks.


Mining Law and Fiscal Regime

Over the past few months Triton has monitored the flow-on effects from recent changes in the Mozambique mining legislation and the associated fiscal regime, and ultimately the potential implications for mining companies operating in Mozambique.

It is of the view that recent changes to the legislation will in fact provide the company with a greater degree of certainty moving forward.

There are a number of sections within the new legislation that will need some additional clarity about how to apply some of the new provisions, which is quite normal when implementing these types of changes.

In addition, the company confirmed that the new fiscal regime introduced under the new Mining Tax Law provides for mining companies to benefit from a number of tax incentives to encourage companies to develop industry in-country rather than sending the raw minerals and products overseas for further processing.
Mozambique has confirmed that these development incentives include substantial discounts on import and export taxes including exemptions from custom duties for a period of five years, particularly in relation to the importation of capital and goods.

Furthermore the regime allows for a 50% reduction of the Mining Production Tax and provides tax stability for a period of up to 10 years of operation.

Triton believes that the changes in the fiscal regime are particularly relevant and places the company in a unique position to take advantage of these and other incentives, which will help Triton with the rapid development of mining operations of the world largest graphite deposit at Nicanda Hill and the creation of a whole new industry with the graphite enhanced products.

According to the new Mining Law, companies should give preference to goods and services either purchased or obtained from Mozambican individuals or entities.

It also provides that mining companies must be listed on the Mozambican Stock Exchange within 5 years of commencing production.

An additional benefit not previously available to companies is the protection of property rights and activities granted under any mining permits for mining companies from undue and unfair expropriation without fair compensation and the protection of the transfer of funds outside of Mozambique.

In summary the benefits for Triton with the new mining and fiscal regimes include:
- Fiscal regime to apply to all mining companies in Mozambique;
- Tax incentives to encourage companies to develop industry in-country;
- Mozambique engagement and support;
- Access to additional local funding;
- Property rights protection; and
- Development incentives for value add to minerals


Analysis

Triton is stepping on the accelerator in Mozambique with the company well positioned to continue with the rapid development of the Nicanda Hill graphite deposit.

Already the ESIA and DFS are on scheduled to be completed by the end of 2015.

Should the company further demonstrate economic quantities of large and jumbo flake graphite at both the Ancuabe and Balama South graphite project, it could complement the Triton Minerals Graphite product range.

This will provide the company with the potential to produce large volumes of high grade graphite in the full range of flake sizes, thereby accommodating a wider range of end-user requirements.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 13 Jul 2015 12:36:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157733/triton-minerals-moves-into-high-gear-at-mozambique-graphite-projects-63414.html
<![CDATA[News - Triton Minerals gains competitive edge for Mozambique graphite ]]> http://www.proactiveinvestors.com.au/companies/news/157732/triton-minerals-gains-competitive-edge-for-mozambique-graphite-63220.html Triton Minerals (ASX:TON) expects its strategic partnership with Rubicon Resources (ASX:RBR) to accelerate development of its three Mozambique graphite projects.

The agreement for Rubicon to provide key support services is expected to provide an advantage in the country’s graphite supply and manufacturing industry.

Rubicon, through their Mozambique subsidiary PacMoz Lda (PacMoz), has been engaged to provide Triton with a broad range of in-country support services including; permitting, licencing, business administration, human resources and legal support.   

Rubicon intends developing a medical services business in Pemba, which will be able to provide further support to Triton with the provision of pre-employment medicals and periodic medical support. It is also assisting with logistical services.

Brad Boyle, Triton managing director, commented:

“Triton is developing the world's largest flake graphite deposit, in Cabo Delgado province of Northern Mozambique at Nicanda Hill. Triton is transitioning from an explorer, to developer and, ultimately, a manufacturer of high quality and high value graphite products.

“The formation of this strategic partnership with Rubicon provides Triton with strong support in the form of an established, professional and accredited Mozambique team.

“PacMoz is widely acknowledged for their in-country Mozambique expertise, established affiliations and infrastructure experience thus providing Triton a greater level of security and support, whilst helping to minimise the normal challenges faced by companies during the foreign mine development phase.

“Triton’s strategic plans integrate seamlessly with Rubicon’s services strategy in Mozambique. The services agreement concluded above is but the first of several mutually beneficial business arrangements being considered by both companies to ensure that each party can concentrate on its core capabilities and thus maximising efficiencies and shareholder value.

“Given Rubicon’s (and PacMoz’s) Mozambique base and established in-country operating experience and network, we believe that the alliance will not only facilitate the rapid development the projects, but afford to Triton a competitive advantage in the Mozambique graphite supply and manufacturing industry.”   


Mozambique Project Manager

Triton has appointed Gidião Mbanze as its Mozambique Project Manager.

He has over 9 years of experience in Project Management Systems and Reliability engineering in some of the world’s largest mining companies including BHP Billiton (ASX:BHP) and Vale (NYSE:VALE).

Mbanze’s local knowledge and experience has provided Triton a tremendous level of support, with the local community and government engagement and he has helped the company to establish and further strengthen existing relationships with all levels of government.

His appointment is the first of many key appointments, as Triton establishes itself in Mozambique to become a major mine developer and graphite product manufacturer.

In June, the company appointed former chief financial officer of Fortescue Metals (ASX:FMG) Christopher Catlow as its chairman.


Analysis

The strategic partnership with Rubicon Resources is expected to support rapid development of Triton Minerals’ Nicanda Hill, Ancuabe and Pemba Graphite Factory projects in Mozambique.

Rubicon’s provision of key services including permitting, licencing and legal support will provide the company with a competitive advantage.

That both companies are considering further business arrangements with each other highlights the depth of their relationship.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 01 Jul 2015 07:28:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157732/triton-minerals-gains-competitive-edge-for-mozambique-graphite-63220.html
<![CDATA[News - Triton Minerals appoints ex-Fortescue Metals CFO as chairman ]]> http://www.proactiveinvestors.com.au/companies/news/157731/triton-minerals-appoints-ex-fortescue-metals-cfo-as-chairman-62800.html Triton Minerals (ASX:TON) has appointed former chief financial officer of Fortescue Metals (ASX:FMG) Christopher Catlow as chairman of the graphite development company.

Alan Jenks will step down as chairman today, remaining on the board of Triton as a non-executive director.

Catlow played a central role in the formation of Iluka Resources (ASX:ILU) and was appointed a senior executive of Fortescue Metals Group shortly after its formation in 2003.

He was its investment and business development director, having financed and brought into production Fortescue's major iron ore mining, processing and port facility in Western Australia's Pilbara region.

He has over 25 years of international resources industry experience, having worked on the development and operations of oil and gas, hard rock and sand mining projects.

The development established FMG as Australia's third largest iron ore producer behind Rio Tinto (ASS:RIO) and BHP Billiton (ASX:BHP).

He is currently chairman of Admedus (ASX:AHZ), and deputy chairman of Sirius Minerals PLC, listed on the London Stock Exchange’s AIM market.

Triton’s managing director and CEO said:

“The company is pleased to appoint Mr Chris Catlow as its new independent non-executive chairman. Chris’s experience significantly strengthens the Triton Board.

"Triton would specifically like to thank Alan Jenks for his contribution to the Company as Chairman. The milestones achieved under Alan’s guidance cannot be underestimated and have placed the Company in a very strong position to transition from explorer to producer.

"The Company will continue to benefit from Alan’s knowledge and leadership through his new role as a non-executive director. Both Alan and the board believe it is the correct time in the company’s development to appoint an independent chairman who can help guide the Company through its exciting transition.

These changes to the board will assist the Company in successfully navigating towards its goals of achieving commercial production at its Mozambique Graphite Projects and establishing TMG as the global graphite industry benchmark by aiming to offer the world's lowest cost and most diversified graphite product range.”

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 09 Jun 2015 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157731/triton-minerals-appoints-ex-fortescue-metals-cfo-as-chairman-62800.html
<![CDATA[News - Triton Minerals appoints Christopher Catlow as non-executive chairman ]]> http://www.proactiveinvestors.com.au/companies/news/157730/triton-minerals-appoints-christopher-catlow-as-non-executive-chairman-62774.html Triton Minerals (ASX:TON) has appointed former Fortescue Metals Group (ASX:FMG) senior executive Christopher Catlow as its new independent non-executive chairman.

He replaces Alan Jenks who will step down as chairman and continue as a non-executive director of the company.

Catlow has 25 years of international resources industry experience, having worked on the development and operations of oil and gas, hard rock and sand mining projects.

He played a central role in the formation of Iluka Resources (ASX:ILU) and was a senior executive and inaugural chief financial officer of FMG, having joined shortly after its formation in 2003.    

During his seven years at FMG, initially as its CFO and then as its investment and business development director, the company financed and brought into production its major iron ore mining, processing and port facility in Western Australia's Pilbara region.

“Chris’s experience significantly strengthens the Triton Board,” managing director Brad Boyle said.

He also thanked Jenks for his contribution to the company as its chairman.

“The milestones achieved under Alan’s guidance cannot be underestimated and have placed the company in a very strong position to transition from explorer to producer,” Boyle added.

“These changes to the board will assist the company in successfully navigating towards its goals of achieving commercial production at its Mozambique Graphite Projects and establishing TMG as the global graphite industry benchmark by aiming to offer the world's lowest cost and most diversified graphite product range.”

Triton is transitioning from an exploration company to a development company.

Earlier this month, it added its Ancuabe project to the due diligence for funding agreement from Chinese equity firm and resources trading company Shenzhen Qianhai Zhongjin Group Co., Ltd, due to queries from the Ministry of Commerce & Ministry of Land and Resources.

A positive outcome from this expanded due diligence process may allow Triton to access additional capital from SQZG to develop the project in Mozambique.

In April, SQZG agreed to provide funding of up to US$200 million (A$255 million) under the letter of intent to build and develop a graphite concentrate operation with initial capacity to produce up to 200,000 tonnes of graphite concentrate per year from Nicanda Hill.

This included an off-take agreement with an initial term of 10 years at 200,000 tonnes of graphite concentrate per year.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 05 Jun 2015 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157730/triton-minerals-appoints-christopher-catlow-as-non-executive-chairman-62774.html
<![CDATA[News - Triton Minerals: Shenzhen diligence to include Ancuabe graphite project ]]> http://www.proactiveinvestors.com.au/companies/news/157729/triton-minerals-shenzhen-diligence-to-include-ancuabe-graphite-project-62693.html Triton Minerals (ASX:TON) has added its Ancuabe project to the due diligence for funding agreement from Chinese equity firm and resources trading company Shenzhen Qianhai Zhongjin Group Co., Ltd, due to queries from the Ministry of Commerce & Ministry of Land and Resources.
       
A positive outcome from this expanded due diligence process may allow Triton to access additional capital from SQZG to develop the project in Mozambique.

In April, SQZG agreed to provide funding of up to US$200 million (A$255 million) under the letter of intent to build and develop a graphite concentrate operation with initial capacity to produce up to 200,000 tonnes of graphite concentrate per year from Nicanda Hill.

This included an off-take agreement with an initial term of 10 years at 200,000 tonnes of graphite concentrate per year.

SQZG subsequently received inquiries from China’s Ministry of Commerce as well as Ministry of Land and Resources about Triton’s graphite projects.

As a result, SQZG considers Triton’s Mozambique graphite to potentially be of strategic importance for China.   

Along with the continued encouraging metallurgical results being obtained from the Ancuabe and Nicanda graphite projects, SQZG is also seeking an extension to the due diligence period for up to six months to incorporate a formal review of the Ancuabe graphite project.
   
The extension of the due diligence period will allow Triton sufficient time to obtain initial drilling, additional assay and metallurgical results from the Ancuabe graphite project.


Ancuabe Project

Recent flotation testing showed the majority of graphite material at the Ancuabe Project appears to be jumbo and super jumbo flake size.
 
The results indicated that 72% of graphite material is classified as jumbo flake size (>300µm) with 92.1% of the flakes being larger than 150µm.

Using a cut off of 425µm, 98.9% of the graphite flakes are >212µm.

Graphite is readily liberated by crushing, grinding, rougher and cleaner flotation, with no additional regrind required. This demonstrates excellent jumbo flake preservation using simple, low-cost processing.

Ongoing tests are being completed to optimise grade and milling circuit.

Drilling will be carried out this month that could confirm economic quantities of large and jumbo flake graphite at Ancuabe.


Analysis

SQZG’s proposal to expand the due diligence program to include the Ancuabe project and extend the period by six months confirms the continued encouraging results being generated by Triton Minerals at both Ancuabe and Nicanda while providing more time to complete a more detailed review.

It also highlights the potential strategic significance of Triton’s graphite for China and elsewhere, and further justifies the rapid development of Triton’s Mozambique graphite projects to meet the growing global demand for high quality graphite products.

Success could see the accelerated development of both projects, allowing expected large-scale commercial graphite production to be achieved earlier than originally scheduled.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 02 Jun 2015 09:18:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157729/triton-minerals-shenzhen-diligence-to-include-ancuabe-graphite-project-62693.html
<![CDATA[News - Triton Minerals transitioning from graphite explorer to developer ]]> http://www.proactiveinvestors.com.au/companies/news/157727/triton-minerals-transitioning-from-graphite-explorer-to-developer-62650.html Triton Minerals' (ASX:TON) chairman Alan Jenks has reflected over the past year's progress at a meeting of shareholders in Perth.

Jenks said that Triton is now transitioning from an exploration company to a development company and beyond.

"This places Triton in a unique position amongst graphite companies, whereby it has the potential to become a vertically integrated enterprise from mining, to processing, to value-added material production."

A little over 18 months ago, Triton was embarking on a maiden exploration drilling program at Cobra Plains.

Triton can lay cliam to posessing the world’s first and fourth largest graphite resources at Nicanda Hill and Cobra Plains respectively, with flake distribution at Ancuabe.

In addition, it has a 20 year, 200,000 tonne per annum offtake agreement for TMG and the potential to become a vertically integrated graphite enterprise through implementation of the YXGC – Triton joint ventures in China and Mozambique.

The Nicanda Hill DFS work is progressing well and Triton is hopeful of releasing the results of the DFS before the end of 2015.

Further resource classification drilling is ongoing at Nicanda Hill, drilling at Ancuabe - with the aim of defining a maiden resource, metallurgical work in relation to TMG and vanadium, conducting pilot plant operations for TMG, test work in relation to spherical graphite and other enhanced graphite products and undertaking discussions with other potential end users.

Recent strategic alignments with AMG Mining (AMG) and YXGC are value drivers for the company.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 29 May 2015 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/157727/triton-minerals-transitioning-from-graphite-explorer-to-developer-62650.html
<![CDATA[News - Triton Minerals receives Buy recommendation, A$0.87 price target ]]> http://www.proactiveinvestors.com.au/companies/news/107289/triton-minerals-receives-buy-recommendation-a087-price-target-107289.html Triton Minerals (ASX:TON) continues to be the subject of a buy recommendation with a price target of $0.87 from GMP Securities.

This is down slightly from the previous target of $0.90 on the back of dilution through the recent share issue. Shares in TON are currently trading around $0.35.

The following is an extract from the report.


Oversubscribed A$12m capital raising to fund drilling and DFS

Triton completes an oversubscribed A$12.0 million placement to a Hong Kong cornerstone investor, institutional groups and sophisticated investors.

Funding should enable Triton to rapidly progress the Definitive Feasibility Study at Nicanda Hill and commence its predevelopment early works program. Funding will also allow Triton to undertake an initial drilling at Ancuabe.


Signs JVs to develop enhanced product

Triton has signed two binding joint venture agreements with Yichang Xincheng Graphite Co., Ltd (YXGC) to develop and produce graphite enhanced products in Mozambique and China.

The two JV companies, will source Triton Mozambique Graphite (TMG) graphite concentrate exclusively, to develop a wide range of high-value graphite enhanced products.

The plant in Mozambique will produce 10ktpa of enhanced product. The plant in China will produce 100ktpa of enhanced product.


Market leading flotation results from Ancuabe

Flotation test results show that Ancuabe is capable of producing very, very coarse flake material that will easily meet the specs of the 100kt binding offtake. 72% of the graphite material is classified as jumbo flake size, >300µm (+50 mesh).

Flotation results show 92.1% of the graphite flakes in the samples were larger than 150 µm (+100 mesh). Graphite is readily liberated through simple off the shelf technology and likely low cost.

TON are drilling Ancuabe this quarter and this is when we will get a feel for just how much of this high quality material is available.


Maintain BUY with price target of A$0.87/sh

We have updated our SOTP valuation on Triton. Our target price has fallen back slightly on the back of dilution through the recent share issue.

The vertical integration option to produce enhanced graphite product can be viewed as upside on our valuation.

The encouraging flake size results from Ancuabe will be modelled when drilling has confirmed the quantity of coarse and jumbo flake material available.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 21 May 2015 07:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/107289/triton-minerals-receives-buy-recommendation-a087-price-target-107289.html
<![CDATA[News - Triton Minerals has world class graphite flakes at Ancuabe ]]> http://www.proactiveinvestors.com.au/companies/news/106905/triton-minerals-has-world-class-graphite-flakes-at-ancuabe-106905.html Triton Minerals’ (ASX:TON) flotation testing has confirmed that graphite flake distribution at its Ancuabe Project in Mozambique is among the best in the world.

The results indicated that 72% of graphite material is classified as jumbo flake size (>300µm) with 92.1% of the flakes being larger than 150µm.

Using a cut off of 425µm, 98.9% of the graphite flakes are >212µm.

Graphite is readily liberated by crushing, grinding, rougher and cleaner flotation, with no additional regrind required. This demonstrates excellent jumbo flake preservation using simple, low-cost processing.

Ongoing tests are being completed to optimise grade and milling circuit.

“These latest outcomes reaffirm the previous results that the Ancuabe project contains world-leading graphite grades and flake distributions,” managing director Brad Boyle said.

“Triton is extremely encouraged by these outstanding metallurgical and flotation results as it appears the flake distribution are up there with the best, if not the best in the world, based of published results.

“As previously stated these results support the concurrent advancement of the Ancuabe project and we are looking forward to undertaking the upcoming drilling program at Ancuabe.

“These quite extraordinary results bode well for Triton establishing a new global benchmark through TMG for the highest quality graphite products.

“Further, Ancuabe may allow Triton the ability to provide greater flexibility in the range of TMG products, for a wide range of clients, this would place Triton in a unique and superior position in comparison to its peers.”

Triton has been rapidly building up the foundation for developing its Nicanda Hill and Ancuabe projects, securing offtake agreements with China’s Yichang Xincheng Graphite and Shenzhen Qianhai Zhongjin Group.

It has also formed joint ventures with the YXGC that ensures it is involved in all aspects of the graphite value chain.


Flotation Results

The flotation results using material derived from a representative 100kg composited reconnaissance sample of outcropping graphite mineralisation averaging 14%TGC has confirmed the high value potential of the Ancuabe project.

It has obtained high grade graphite grades of up to 24%TGC in certain coarse size fractions and the majority of the graphite flake sizes contained within the jumbo and super jumbo flake range.

Graphite concentrate produced in this flake size range can attract sales prices in excess of US$2,000 per tonne.

In April, preliminary metallurgical tests confirmed grades of up to 98.7% TGC after just 4 cleaner stages after a single bead mill regrind.

This has now being supported by flotation results that show only a small portion, less than 8%, of the sample is smaller than 150µm.

The result underscores the superior quality of the Ancuabe graphite flake distribution and could result in Triton establishing a new benchmark in graphite quality and thus obtain a premium sale price for the graphitic material.

Compared to publicly released information from peer graphite companies, Ancuabe graphite has the best flake size distribution in the world and the largest majority of jumbo and super jumbo graphite flakes, with 92.1% of the graphite flakes are than larger than 150µm (+80 mesh) and 84.4% larger than 212µm.

These results were obtained through a minimal series of crushing, grinding, rougher and cleaner flotation, without the need to complete a regrind of the graphite concentrate.

Ongoing optimisation of the metallurgical process is expected to further enhance the quality of the final product concentrate and reduce production costs.

Triton is also reviewing options to see if the graphite concentrate can be further upgraded using supplementary treatments.


Analysis

The flotation results showing the majority of graphite material is jumbo and super jumbo flake size confirmed the high quality nature of the Ancuabe Project and has positive implications for potential downstream economics.

Should the upcoming drilling program in June demonstrate economic quantities of large and jumbo flake graphite at Ancuabe, it could complement the TMG products range and provide the company with the potential to produce large volumes of high grade graphite in the full range of flake sizes, thereby accommodating a wider range of end-user requirements.

This will be supported by the simple processing required to obtain grades of up to 98.7% TGC.

The reduced processing requirements during the graphite flotation will likely have a positive impact for Triton reducing the time and energy needed to complete the process.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 May 2015 08:35:00 +1000 http://www.proactiveinvestors.com.au/companies/news/106905/triton-minerals-has-world-class-graphite-flakes-at-ancuabe-106905.html
<![CDATA[News - Triton Minerals forms JV to produce value added graphite products ]]> http://www.proactiveinvestors.com.au/companies/news/106785/triton-minerals-forms-jv-to-produce-value-added-graphite-products-106785.html Triton Minerals (ASX:TON) is moving up the graphite value chain with its entry into two binding joint venture agreements with China’s Yichang Xincheng Graphite Co., Ltd (YXGC) to develop and produce graphite enhanced products.
 
This expands on the 20-year offtake agreement worth at least US$2 billion it reached with the graphite products specialist in April.

The two JV companies, will source Triton Mozambique Graphite (TMG) graphite concentrate exclusively, to develop a wide range of high-value graphite enhanced products.

Mozambique JV (Triton 70%) will produce high value expandable graphite, flexible graphite sheet, refined battery grade graphite and other enhanced graphite products while China JV (Triton 49%) will focus initially on producing high strength graphite composite sheets.

YXGC is a major producer of graphite products and operates some of the most advanced graphite processing equipment in the world.

“The execution of these joint venture arrangements with Yichang Xincheng Graphite Co., Ltd places Triton in a truly remarkable and unique market position,” managing director Brad Boyle said.

“Not only is Triton positioning itself to become a producer of high quality graphite concentrate, through its TMG product, it is now planning to be directly involved in the production of very high value enhanced graphite products that will supply the electronics, technology and energy storage sectors, to name but a few, for future generations.

“We are excited to be able to enter into these joint venture arrangements with YXGC and leverage off their significant experience in producing the highest quality enhanced graphite products used in components that are distributed worldwide to some of the world’s premier technology companies, such as Apple and Samsung.”

YXGC chairman Yue Bin added that the long term supply of high quality TMG afforded to the new joint venture companies will allow both Triton and YXGC to develop and prosper from competitively priced enhanced graphite products destined for the global markets.

China JV

The China JV will be sited in Xingshan Region near a hydro power substation, port loading facilities and accommodation facilities.

Triton, which will be one of the first foreign companies to invest in the region, is already working with YXGC and the Xingshan Regional Government to progress the production plant as soon as possible.

Xingshan will also provide generous financial concessions in order to facilitate development.

The plant will have space for up to 10 n graphite production lines to produce up to 100,000 tonnes per annum of high strength graphite composite sheets and other graphite products.

It could generate up to US$200 million in revenue at full production.
Both companies will deposit between US$1 million to US$2 million into a JV bank account and establish a management team.

Conditions include Triton commissioning a processing plant or plants capable of satisfying the graphite concentrate demand; receiving all relevant Mozambique and Chinese government approvals; and completion of due diligence by Triton.


Mozambique JV

The Mozambique plant will have space for two graphite production lines to produce up to 10,000 tonnes per annum of enhanced graphite products.

This can be increased if Triton elects to add a third production line to refine TMG graphite concentrate to a purity of not less than 99%.

Revenue generated is estimated at US$30 million per annum.


Integrated Business Development Plan

Triton is fast-tracking the development of its graphite mines in Mozambique with support from strategic partnerships, offtake agreements and potential funding partners.

These potential developments are now fully integrated with a value adding production supply chain that compliments the raw materials supply chain.

With the new JVs, Triton will be one of the few graphite-focused companies in the world that will be actively involved in all aspects of graphite supply chain – from exploration, mining and potentially production of graphite concentrates through to indirectly supplying major technology companies with a product range that can demand prices of up to US$500,000 per tonne.

China is the world’s largest user of flake graphite and is also the largest producer of high value graphite products.

YXGC’s increasing market share, affords Triton with the opportunity to align with one of China’s largest manufacturer of high value graphite products, in an exceptionally lucrative and unique long term high-value-add business arrangement.

The off take agreement that is currently in place with YXGC comprising 100,000t per annum is sufficient to meet their current production and sales requirements.

With the commissioning of the new China JV plant, YXGC estimates that they will require an additional 160,000t per annum to meet their projected production and sales commitments.


Graphite Enhanced Product Uses and Demand

Expandable graphite has the ability to increase hundreds of times in volume after treatment with dilute acid and heating.

After treatment, expandable graphite is pressed into sheets to form foil which is then cut into various shapes as required by the customer.

Currently, China produces approximately 16,000 different types of expandable graphite products.

The main markets for expandable graphite include graphite foils, sheets, flame retardants, thermal conductivity additives, electrical conductivity additives, sealing materials in critical applications of high pressure environments and, by far, the most significant – the fuel cell market.

Fuel cell powered vehicles are expected by some observers to literally overtake electric vehicles in popularity.
In addition, the Chinese Government is reportedly planning to mandate that all building insulation use expanded polystyrene in construction of new buildings that must contain 10-15% of expanded graphite.

If this occurs, then the potential market size is significant as it would likely be implemented across the entire population base of the country.

High strength graphite composite sheets are formed by mechanically or sticking flexible graphite sheets together with metal plate.

It has excellent compressibility and resilience, excellent sealing property for microscopic surface irregularities and a long working life. It is mainly used for making cylinder gaskets of engines and punching into all kinds of sealing also used for many high-pressure industrial applications.

Flexible graphite sheet & roll, namely expanded graphite sheet & roll, is made from flake graphite with high carbon content which is gone through chemical treatment, expanding under high temperature and then rolling.

It has the characteristics of high temperature resistance, corrosion resistance and good elasticity, and is the basic material for making all kinds of reinforced graphite sheets, graphite tapes, packing and sealing gaskets, which are used in a multitude of applications including becoming heat sinks for laptop computers and mobile phones and other electronic devices.


Offtake Agreement

The existing offtake agreement with YXGC has the following terms:

- Term: 20 years;
- Amount: 100,000 tonnes of graphite concentrate per year, annualised over term, scaling up from initial production;
- Sale Price: Graphite Market Price;
- Minimum Sale Price: US$1,000 per tonne of graphite concentrate;
- Minimum Contract Revenue: US$2,000,000,000 (2 Billion Dollars);
- Minimum Flake Size: 150μm;
- Graphite Purity: 90% Total Graphitic Carbon;
- Moisture Content: Less than 1%;
- No Restriction: Triton is not restricted in selling TMG to other parties; and
- Exclusivity of Supply: YXGC will only source graphite concentrate from Mozambique, Madagascar, Malawi and Tanzania exclusively from Triton.


Analysis

The further joint venture agreements with Yichang Xincheng Graphite for the production of very high value enhanced graphite products is clearly value accretive for Triton Minerals.

Notably, it now ensures the company is involved in all aspects of the graphite value chain rather than just supplying raw graphite concentrate to producers.

There is also potential to significantly expand the existing binding offtake agreement with YXGC in order to meet the requirements of the JVs, which will source graphite exclusively from TMG.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 14 May 2015 10:46:00 +1000 http://www.proactiveinvestors.com.au/companies/news/106785/triton-minerals-forms-jv-to-produce-value-added-graphite-products-106785.html
<![CDATA[News - Triton Minerals in halt ahead of agreements for strategic relationships ]]> http://www.proactiveinvestors.com.au/companies/news/106630/triton-minerals-in-halt-ahead-of-agreements-for-strategic-relationships-106630.html Triton Minerals (ASX:TON) is progressing its Ancuabe and Nicanda Hill graphite projects in Mozambique and has been granted an ASX trading halt regarding executing agreements to form strategic relationships.

The halt will last until the earlier of the announcement being made or the start of trade on Thursday, 14th May 2015.

It recently completed an oversubscribed $12 million placement a Hong Kong cornerstone investor, institutional groups and sophisticated investors.

Proceeds will enable Triton to rapidly progress the Definitive Feasibility Study at Nicanda Hill in Mozambique, and commence its pre-development early works program.

In April, Triton signed a key letter of intent for US$200 million in proposed funding and offtake of 200,000 tonnes of graphite concentrate per annum for the Nicanda Hill graphite project with Chinese equity firm and resources trading company, Shenzhen Qianhai Zhongjin Group Co., Ltd.

This was in addition to the binding US$2 billion offtake agreement over 20 years with China’s Yichang Xincheng Graphite Co Ltd for TMG.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 12 May 2015 08:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/106630/triton-minerals-in-halt-ahead-of-agreements-for-strategic-relationships-106630.html