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Triton Minerals offtake deal spurs development

9 November 2021
ASX: TON
Jack Baker

Triton Minerals has entered a lucrative graphite supply deal with specialist produce Yichang Xincheng Graphite Co in what it believes to be one of the largest and longest graphite supply deals currently on the market. 

Under the deal, Triton will supply graphite from its flagship Ancuabe Graphite project in Mozambique, targeting 60,000 ktpa of high purity large flake graphite concentrate over a mine life of 27 years. 

In addition, it will assist YXGC with sourcing graphite concentrate purchase opportunities. 

The game changing agreement will light a fire under development to meet supply requirements agreed to as part the offtake arrangement. 

Triton said the deal underpins the commercial viability the project which will set the benchmark for the global graphite industry offering the lowest cost, most diversified product range and a deep, reliable supply of high-quality flake graphite. 

“Yichang Xincheng Graphite Co., Ltd is globally renowned as a supplier of a diverse range of high quality; high-tech expanded graphite products,” executive director Andrew Frazer said. 

“This binding commercial agreement is with a graphite specialist organisation that has mined, manufactured and sold expanded graphite products for nearly 20 years.  

“We are both proud and fortunate to be associated with a world-recognised and large-capacity graphite company that supplies materials for some of the world’s most distinguished electronics and technology companies.”  

TON’s Australian Stock Exchange-listed share price was trading at 4.3c at market open (8:00am UTC+8 hours) 

COMPANY OVERVIEW

Triton Minerals Limited (ASX Code: TON) is an emerging ASX listed company developing world-class graphite projects in the Cabo Delgado region of Northern Mozambique, arguably one of the world’s best graphite locations, for the graphite revolution. Triton is currently developing its flagship Anucuabe Graphite Project into development. Ancuabe’s large flake and high purity graphite is a key differentiator and is well positioned to be a market leader in the expandable graphite market. Triton is ideally positioned to become a significant player in one of the fastest developing markets globally.

COMPANY INFORMATION

ASX: TON

Website

http://tritonminerals.com/
https://www2.asx.com.au/markets/company/ton

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