Triton Minerals is eyeing the timely development of its Ancuabe Graphite project’s commercial pilot plant following an extensive review of its Mozambique holdings.
The project has drawn significant attention amidst the European graphite shortage, with end-users looking to east Africa for a diversified graphite supply with a booming market driven by increasing industrial applications use.
The company is upbeat on the project’s low capital expenditure using a modular plant is a time-tested methodology and considerably de-risks the project.
It said the move would not stand in the way of more extended ambitions with the flexibility to scale up to an envisioned 60,000 tonnes of high-quality graphite concentrate a year.
“The uplift in value for graphite from down streaming processing and marketing is estimated to be in the order of five to 20 times, we are looking forward to continuing on our path to becoming the next significant graphite producer globally,” executive director Andrew Frazer said.
Triton will progress designs while targeting sales within 18months.
TON’s Australian Stock Exchange-listed price has risen 7.1 per cent today, selling at 3c (10:11 am UTC+ 8 hours).
