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.
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