Triton Minerals (ASX: TON) is ideally positioned to capture a significant share of the rapidly growing Electric Vehicle (EV) and energy storage (lithium-ion) battery and environmentally-friendly flame-retardant building materials markets.
Our high prospective graphite projects are located in Mozambique’s Cabo Delgado region, home to the world’s largest graphite resources. Mozambique is a stable mining jurisdiction with port, power and road infrastructure in close proximity to our projects and a supportive government.
Our project portfolio includes one of the world’s largest flake graphite/vanadium deposits and industry leading flake size, purity, distribution and significant potential exploration upside.
Since acquiring our Mozambique projects in 2014 we have significantly extended the mine life and grown our resources base. We are currently focused bringing our flagship Upulo (Ancuabe) (graphite project to development.
Offtake agreements are in place with major Chinese graphite producers (Haida Graphite and Qingdao Tianshengda Graphite) for over 50 percent of Ancuabe graphite production for a minimum of five years.
The completion of the Definitive Feasibility Study (DFS) in December 2017, confirmed robust economics and a high quality, high margin graphite project with a long mine life.
We are on schedule to make a final investment decision in Q2 2018, with first production scheduled for the second half of 2019.
Our Nicanda Hill project provides an ideal opportunity for a joint venture with a major battery manufacturer to supply into the transformational EV and battery storage market, and we are exploring those opportunities.
Our Cabo Delgado projects are 100% owned through subsidiary Grafex Limitada (Grafex).
Deposits are not geologically constrained and multiple targets have been identified in project areas.