Triton Minerals Appoints Mozambican Firm to Assist Path to Graphite Production
Partnering to Accelerate Graphite Production
ASX-listed mineral exploration company, Triton Minerals, has signed a project management contract with Mozambique-based engineering firm, Soluções De Desenvolvimento Sustentável (SDS). With this strategic alliance, Triton aims to expedite the progression of its Ancuabe and Cobra Plains graphite projects in Mozambique.
The agreement, worth $1 million (A$1.56 million), is expected to be instrumental in the development of these projects. SDS, having collaborated with Triton since July, will continue to provide stakeholder engagement, strategic advice, management insight, and compliance assistance. SDS, which also specializes in water sanitation, will review legal documents to ensure compliance with Mozambican law.
Graphite Projects Poised for Progression
The Cobra Plains project, boasting an inferred resource of 5.7 million tonnes of graphitic carbon, was granted a multi-decade mining right by the Mozambican Minister of Energy and Resources in August. Meanwhile, the Ancuabe project, with an ore resource of 46 million tonnes at 6.6% total graphitic carbon, has been backed by a definitive feasibility study.
Triton plans to produce graphite concentrates from Ancuabe for sale in global markets. The Ancuabe project has shown robust financials, with an NPV of $298 million and an IRR of 37%. It is expected to produce a diverse range of graphite concentrates suited for expanding, battery, and refractory graphite markets.
A Strategic Alliance for Growth
Andrew Frazer, Executive Director of Triton Minerals, expressed his excitement about the partnership with SDS, praising the firm’s experience and strong networks within Mozambique. He believes SDS’s involvement in various resource and infrastructure projects will greatly benefit Triton as they continue to develop their graphite projects.
Management anticipates that the next 18 months will be crucial for Triton as they strive to become a graphite producer. Triton aims to be the next East African graphite producer, with Ancuabe’s large flake and high purity graphite well-positioned to be a market leader in the expandable graphite market.
Enhancing Design and Efficiencies with Yantai OrientalMetallurgical Engineering
In addition to its partnership with SDS, Triton Minerals has also appointed Yantai Oriental Metallurgical Engineering (YOME) to conduct front-end engineering design (FEED) work at the Ancuabe Graphite Project. Yantai will undertake the FEED work with the aim of enhancing and improving the design and efficiencies in the processing plant, thereby reducing risk and targeting an improved EPC tender price for the construction of the processing plant and non-process infrastructure. This appointment represents a key step in the Ancuabe project’s development and construction pathway.
A Bright Future for Triton Minerals
With strategic partnerships, extensive resources, and a robust development plan in place, Triton Minerals is well-positioned to make significant strides in the graphite production market. The company’s commitment to effective stakeholder engagement, strategic advice, and compliance activities, coupled with its focus on enhancing design and efficiencies, highlights its strategy for success.
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