Sign up Australia
Proactive Investors - Run By Investors For Investors

Triton Minerals' further enhances Balama North with wide zones of graphite

Triton has further enhanced the potential of the world’s largest known combined graphite-vanadium resource at Balama North, after intersecting wide zones of large and jumbo graphite at Nicanda West.
Triton Minerals' further enhances Balama North with wide zones of graphite

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.

Register here to be notified of future TON Company articles
View full TON profile View Profile

Triton Minerals Ltd Timeline

Related Articles

picture of gold pour
June 30 2017
Ironridge thinks its portfolio, which sits on the prolific Wa-Lawra shear in the north-east of the country, has “company making potential”.
Pioneer Resources: Access latest PPT from Proactive's CEO Sessions
June 19 2017
David Crook talked cash from caesium with investors.
January 25 2017
Samples grading up to 4.46% lithium oxide were taken from drill targets.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use