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Triton Minerals Ltd.
Summary
| Project: | Ancuabe | |
|---|---|---|
| Deposit: | Ancuabe | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 12/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 15-12-2017: Triton Minerals Ltd. announces a Feasibility Study report for its Ancuabe deposit at the Ancuabe project. DFS results incl. pre-tax NPV of US$298M, IRR of 36.8%. Triton Minerals Limited (ASX: TON) (Triton or the Company) is pleased to announce | |
| Resources: | (Reserve, Prob.): 24.9Mt @ 6.2% TGC | |
| CP/QP: | [Resources]: Andrew Scogings (CSA Global Pty Ltd.) | |
| ABSTRACT: | Triton Minerals Limited (ASX: TON) (Triton or the Company) is pleased to announce its maiden Ore Reserve and the results of Definitive Feasibility Study (DFS) forthe Ancuabe Graphite Project (Ancuabe or the Project) located in the Cabo Delgado province, Mozambique. The DFS confirms that Ancuabe is a high quality, long life, high margin graphite project. The results of the DFS for a 60,000 tpa graphite concentrate processing facility places Triton in a very strong position moving forward. The Company is aiming to commence early works project construction in the first half of 2018, subject to Mozambique Government approvals, and delivering high-grade graphite concentrate mid2019 to the growing lithium-ion battery and expandable graphite markets. The Ancuabe Graphite Project DFS displays robust economics highlighted by average annual revenue of US$82.6 million and EBITDA margins averaging 53% over the 27 year evaluation period4 , based on annual production of approximately 60,000 tpa of graphite concentrate. The DFS was undertaken by independent experts with substantial experience in the graphite sector and resources projects in East Africa. The DFS was led by supervising engineer Lycopodium Minerals Pty Limited (Lycopodium), with the resources and mining studies undertaken by CSA Global Pty Limited (CSA), metallurgy by Independent Metallurgical Operations Pty Ltd (IMO), and water and tailings studies by Knight Piésold Pty Limited (Knight Piésold). | |
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