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.
In May 2019, the Mozambique Minister of Energy and Natural Resources, granted the mining concession for the Ancuabe Project.
Development of the Ancuabe Project is subject to funding.
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.