The Balama North Project is the world’s largest known combined graphite-vanadium resource. It is in northern Mozambique, some 240kms from Pemba Port.
The resource consists of two significant areas of interests that are currently being evaluated, including:
World’s Largest Graphite-Vanadium Deposit
The Nicanda Hill Resource of 1.4Bt at 11.1% TGC is the world’s largest graphite-vanadium deposit and also boasts a globally significant Vanadium resource of 4.2Mt contained V2O5, complementing the graphite and providing significant value upside potential.
Nicanda Hill graphite is ideally suited to the Electric Vehicle and Battery Storage Markets given graphite is a non-substitutable component for the anode, with more graphite than lithium contained in an Li-Ion battery.
The existing Resource at Nicanda Hill has been defined within a 6.2km long mineralised footprint and aqdditional exploration prospects to the West, East and South yet to be assessed.
Triton is actively seeking a JV Partner and Finance to complete Feasibility Studies and advance development
Nicanda West is located approximately 230km west of the port of Pemba and is located within tenement 5966 about 1.4km north west of the Company’s Nicanda Hill Mineral Resource.
Triton announced a Mineral Resource estimate for Nicanda West on 17 May 2016, comprising 30Mt grading 6.6% TGC for 1.97Mt of contained graphite.
Flotation testwork on two composites from drill holes, based on a standard graphite process flowsheet developed by IMO’s Perth Laboratory, showed that approximately 70% of the liberated flakes were larger than 150 µm and that more than 30% of the liberated flakes were Jumbo or larger (> 300µm). These results indicate that Nicanda West graphite concentrate may be ideally suited to the expandable graphite market.
Cobra Plains is a globally significant graphite resource. The project comprises a JORC Compliant maiden-inferred Mineral Resource estimate (ASX 26 February 2014) of 103 Million Tonnes (Mt) at an average grade of 5.2%TGC, containing 5.7Mt of graphitic carbon.