Ancuabe Scoping Study Results Highlight Premium Product with Robust Economics

Triton Minerals (‘Triton’ or the ‘Company’) is pleased to announce the results of a Scoping Study (Study) for a proposed open pit mine and graphite process plant at the Ancuabe Graphite Project in north eastern Mozambique. BatteryLimits, CSA Global and Knight Piebald, all internationally recognized  consultants with experience in both graphite and East African mining projects, contributed to the Scoping Study. The project economics demonstrate a robust project with upside potential through optimized mine planning, coarser grind size and process optimization.

Scoping Study Parameters – Cautionary Statements

The Scoping Study referred to in this announcement has been undertaken to determine the potential viability of an open pit mine and graphite processing plant, constructed adjacent to the Ancuabe T12 and T16 deposits. Internationally recognized technical consultants have conducted the Scoping Study, which is based on low-level technical and economic assessments that are not sufficient to support the estimation of ore reserves. Further evaluation work and appropriate studies are required before Triton will be able to estimate any ore reserves or to provide any assurance of an economic development case.

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