Triton Minerals (ASX: TON) (Triton or the Company) is pleased to announce its maiden Ore Reserve and the results of Definitive Feasibility Study (DFS) forthe Ancuabe Graphite Project (Ancuabe or the Project) located in the Cabo Delgado province, Mozambique.
The DFS confirms that Ancuabe is a high quality, long life, high margin graphite project. The results of the DFS for a 60,000 tpa graphite concentrate processing facility places Triton in a very strong position moving forward. The Company is aiming to commence early works project construction in the first half of 2018, subject to Mozambique Government approvals, and delivering high-grade graphite concentrate mid- 2019 to the growing lithium-ion battery and expandable graphite markets.
Commenting on the DFS, Triton’s Managing Director, Peter Canterbury said:

“It is a tremendous outcome to deliver these results just 12 months after launching Triton’s revised corporate strategy. The DFS supports our belief that Ancuabe is a high-quality asset capable of producing a high margin product into the premium end of the graphite market.
Ancuabe has market leading large/jumbo flake size distribution combined with high purity levels across all flake sizes making it suitable for both the lithium ion battery market and expandable graphite, where demand is being driven by flame retardant building materials.”

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