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Triton keep pace with high-speed graphite market

26 November 2021
ASX: TON
Jack Baker

Triton Minerals’ ambitious designs for its quick-build modular plant in Mozambique’s Ancuabe desert have borne an extremely time and cost-efficient model.

Positive results have paved the way for the minerals developer to ramp up its timeline for becoming a globally significant producer amid surging interest in the mineral.  

With the project lying in the world’s preeminent graphite location, the desktop study brings the world-class commercial pilot plant visions into focus, eventually churning out up to 60,000 tonnes of high purity graphite flake to established markets worldwide.  

The company said it was delighted with its rapid progress, with the design being critical as it keeps pace with the fast-moving graphite market.  

“It will enable a shorter timeline to the first production, with the ability to scale up to the large scale 60,000tpa of concentrate production as envisaged in the definitive feasibility study,” executive director Andrew Frazer said.  

“The graphite sector is seeing a renewed interest due to its use in batteries and the flame retardant foil and flame retardant building cladding.”  

Development and construction are expected to take 18 months, with other positive benefits including validating the process for potential funding partners and generating further interest for additional offtake agreements 

TON’s Australian Stock Exchange-listed price is trading at 4c (8:25 am 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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