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Triton Minerals Ltd.
Summary
| Project: | Ancuabe | |
|---|---|---|
| Deposit: | Ancuabe | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 5/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-5-2017: Triton Minerals Ltd. announces a Scoping Study report for its Ancuabe deposit at the Ancuabe project. Scoping study results incl. pre-tax NPV (10%) of US$187M, 2.7-4.8 year payback period. Triton Minerals Limited (‘Triton’ or the ‘Company’) is | |
| Resources: | (Resource, I+I): 27.9Mt @ 6.0% TGC for 1.679Mt graphite contained at Ancuabe | |
| CP/QP: | [Resources]: Grant Low, Andrew Scogings (CSA Global Pty Ltd.) | |
| ABSTRACT: | Triton Minerals Limited (‘Triton’ or the ‘Company’) is pleased to announce the results of a Scoping Study (Study) for a proposed open pit mine and graphite process plant at the Ancuabe Graphite Project in north eastern Mozambique. BatteryLimits, CSA Global and Knight Piésold, all internationally recognised consultants with experience in both graphite and East African mining projects, contributed to the Scoping Study. The project economics demonstrate a robust project with upside potential through optimised mine planning, coarser grind size and process optimisation. The Scoping Study was led by supervising engineer BatteryLimits, with the resources and mining studies undertaken by CSA Global and water and tailings studies undertaken by Knight Piésold. All consulting groups have graphite and East African project experience. The Scoping Study was based on the updated Mineral Resource estimate released to the ASX on 10 April 2017. The Indicated + Inferred Mineral Resource estimate for the Ancuabe Graphite Project comprises 27.9 million tonnes (Mt) grading 6.0% Total Graphitic Carbon (TGC), for 1.68 Mt of contained graphite. The total Indicated Mineral Resource at Ancuabe stands at 9.2 Mt at 6.0% TGC for 0.55 Mt of contained graphite. The Study considered multiple mine plan options however a conservative mine plan based on processing all Indicated Mineral Resources prior to the processing of any Inferred Mineral Resources is presented in this announcement. | |
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