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Triton undeterred by insurgency

4 July 2022
ASX: TON
Jack Baker

Triton Minerals remain committed to short and long-term plans following an insurgent disturbance at its rapidly developing Ancuabe graphite project in Southern Africa.

Force majeure following the disruption had temporarily delayed the development until development could safely move forward. However, the company is confident of a return to ongoing stability.

Expedited operations targeting up to eight thousand tonnes of high-value graphite concentrate a year remain in place — as are longer-term ambitions to scale up to as much as 60 tonnes a year.

“The management and employees of Triton are devastated by the loss of our colleagues, and our focus is on supporting our workforce in the region and their families,” executive director Andrew Frazer said.

“Security, health and safety of employees and contractors is critical to Triton.”

Triton will further establish funding, contracts, approvals and offtake agreements for the project.

TON’s Australian Stock Exchange-listed share price was trading at 1.8c today (10.56 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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