Located near to excellent infrastructure in Mozambique, including the port of Pemba, in a proven graphite-producing region, Triton Minerals (AX:TON) exploration licenses (including its new flagship Ancuabe project) point to a potentially higher-value graphite resource due to higher purity levels being achieved across a broad range of size fractions via a simple flotation process. However, purity figures are based on limited test data, so Triton is expediting its understanding of Ancuabe material and its suitability for use in the high-growth lithium-ion batteries (LiBs) and expandable graphite end-markets. After these assessments and the release of a maiden JORC resource (due in Q117), Triton intends to fast-track a PFS.
Ancuabe now the focus: LiB production key to value
Triton holds six exploration licences and has two more in application. The licences comprise the Balama North and Ancuabe project areas, with the latter the main focus of Triton’s current investigations. Recent drill results have been announced for Ancuabe’s T16 deposit. Results indicate that this new deposit is likely to form an important element of Triton’s expandable graphite and LiB-focused strategy.
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