Sign up Australia
Proactive Investors - Run By Investors For Investors

Triton Minerals reveals highest ever graphite grades at Ancuabe

Triton Minerals (ASX:TON) has intersected the highest ever graphite grades from recent drilling at the newly discovered T16 deposit in Triton’s Ancuabe Project in Mozambique.
Triton Minerals reveals highest ever graphite grades at Ancuabe
Triton Minerals reveals highest ever graphite grades at Ancuabe

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.

View full TON profile View Profile

Triton Minerals Ltd Timeline

Related Articles

shutterstock_545176450-(1).jpg
June 24 2017
There is of course a big buzz around lithium these days...
Picture of gold bar
March 21 2018
Dandoko is in the Kenieba inlier where more than 50-million ounces of gold have been discovered.
Picture of uranium in drums
Tue
Daily uranium production rates increased from 427 pounds to 485 pounds during the March quarter.

© Proactive Investors 2018

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