Sign up Australia
Proactive Investors - Run By Investors For Investors

Triton Minerals has agreements for 50% of graphite production from Ancuabe

The company has signed a second term sheet with a Chinese producer.
Signing a deal
A deal will result in the supply of 16,000 tonnes of graphite concentrate each year

Triton Minerals Ltd (ASX:TON) has executed offtake term sheets for more than 50% of anticipated annual graphite production from the Ancuabe project in Mozambique.

This follows the signing of a new term sheet with a Chinese graphite producer, the second within a week.

Second agreement within a week

The term sheet with Shandong Province-based Haida Graphite is for up to 16,000 tonnes of graphite concentrate annually for an initial period of five years.

Haida is a major Chinese graphite company with extensive mining, processing and sales experience.

It produces a range of graphite products, including graphite sheets, spherical graphite, high purity and expandable graphite for customers in China and international markets.

READ: Triton Minerals set for graphite offtake deal with Chinese producer

The agreement is on substantially the same terms as last week’s term sheet with Tianshengda Graphite.

It means that Triton has executed term sheets for up to 32,000 tonnes of graphite concentrate annually from Ancuabe.

The latest term sheet sets the framework for a binding offtake agreement that is anticipated to be signed by 15 March 2018.

View full TON profile View Profile

Triton Minerals Ltd Timeline

Related Articles

1534132715_757z468_1531811377_Gold-in-hand.jpg
Mon
The company is excited by the potential of its Albury Heath project in the Meekatharra area of Western Australia’s Mid West-Murchison region.
Picture of area surrounding Paradox Lithium Project
May 07 2018
Cloud, Cane and LC South will be part of Anson's Paradox project with the claims being close to oil wells with historically recorded lithium values.
Mark Wilson and Mark Creasy with core sample from Nova-Bollinger
April 16 2018
Mark Creasy, who was behind Sirius Resources when it struck the jackpot at Nova-Bollinger has a 30% stake in the Rockford project and a 28% stake in Legend.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© 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