Quarterly Activities Report
Perth, April 30, 2015 AEST (ABN Newswire) - Triton Minerals Limited (
ASX:TON) announce the Quarterly Activities Report to March 2015 with significant highlights.
PROJECTS OVERVIEW
Graphite Projects - Mozambique
Balama North project
- Key consultants engaged to complete Definitive Feasibility Study at Nicanda Hill, including: DRA Global; ORElogy; Golder Associates; Jem- Met and Legacy Project Solutions
- World Industrial Minerals (Denver) and Oriental Link Holdings engaged to assist with market development and creation of strategic partnerships in America and Asia
- Independent graphite market research confirmed Triton Mozambique Graphite (TMG) is suitable for a diverse range of graphite products
- Initial testing conducted at an independent facility confirmed TMG can be expanded up to 1,000 times
- 12 tonne bulk sample collected for pilot plant level studies - 20 year, 100,000tpa, binding off-take agreement signed with Yichang Xincheng Graphite Co., Ltd.
- LOI executed with Shenzhen Qianhai Zhongjin Group Co., Ltd to potentially provide US$200,000,000 in a combination of debt & equity to fund development of Nicanda Hill, together with off-take agreement with an initial term of ten years at 200,000tpa for TMG from Nicanda Hill
- Triton rapidly advancing Nicanda Hill towards production
- Triton seeking to become a market leader in low-cost-production, high grade graphite
Ancuabe project
- Three new prospect areas defined by VTEM survey
- Initial mineralogical results confirm Jumbo Graphite Flakes
- Initial flake distribution results show:
- 85% of graphite flake larger than 212µm; and
- ~60% of flakes recovered from the crusher discharge range between 600µm and 3300µm
- Coastal and Environmental Services engaged to produce an Environmental Impact Study at Ancuabe project
- Potential synergies with Nicanda Hill Project being explored via integrated development concept
- Mapping and sampling program underway and preparations commenced for initial drill program
- 2 year exclusive strategic alliance entered into with AMG Mining AG
- Extraordinary metallurgical results received.
CORPORATE OVERVIEW
- Successful A$1 million capital raising
- Attendance at conferences in South Africa, Canada & Japan
To view the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-717627.pdf
About Triton Minerals Ltd
Triton Minerals Limited (ASX:TON) is an ASX listed, responsible mineral explorer and resource management company headquartered in Perth, Australia.
Led by a highly experienced management team, Triton Minerals' vision is to grow shareholder's value through discovery or development of base metal, gold and other precious metal deposits.
Triton has made excellent progress with its three Graphite projects located in the Cabo Delgado Province in Mozambique, with the program successfully identifying a number of graphitic exposures.
It is the Company's belief that the Mozambique, Balama North Project could host multiple and very substantial world class graphite deposits.
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