Triton to Start Prefeasibility Study at Nicanda Hill

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.