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Triton spearhead graphite plant to production

10 March 2022
ASX: TON
Jack Baker

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).

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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