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Triton Minerals Ltd. (ASX:TON) announced the results of an independent scoping study on the Nicanda Hill prospect, located at its Mozambique-based Balama North project.
Triton Minerals Ltd. (ASX:TON) announced the results of an independent scoping study on the Nicanda Hill prospect, located at its Mozambique-based Balama North project. The study is positive and as a result the company will start a prefeasibility study.
Highlights of the scoping study include:
- Independent Scoping Study indicates Triton’s Nicanda Hill resource, is a low technical risk, economically robust and commercially viable graphite project.
- NPV10% of US$1,230 million (pre-tax).
- IRR of 137% (pre-tax).
- Scoping Study based 100% on Indicated Resource Classification utilizing a base-case mining inventory of 51Mt grading 12.4%TGC for a contained 6.3Mt graphite.
- 1.8Mtpa throughput plant resulting in average annual production of 210,000t graphite concentrate.
- Production of premium quality flake graphite concentrates planned to commence in 2017 with an initial life of mine of 30 years, including 1 year construction period.
- Free on Board cost Port of Pemba estimated at an average of US$315 per tonne.
- Vanadium credits currently not included in Scoping Study.
- Estimated capital cost of US$110 million including US$10 million of contingency.
- Payback period within less than 12 months of commission.
Click here to read the full Triton Minerals Ltd. (ASX:TON) press release.