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Triton Minerals Ltd.
Summary
| Project: | Balama North | |
|---|---|---|
| Deposit: | Nicanda Hill | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 9/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-9-2016: Triton Minerals Ltd. announces a Resource Estimation report for its Nicanda Hill deposit at the Balama North project. Restated mineral resource estimate for Nicanda Hill prospect. Triton Minerals Ltd (Subject to Deed of Company Arrangement) (AS | |
| Resources: | (Resource, I+I): 1430Mt @ 11.1% TGC for 158.9Mt contained Graphite | |
| CP/QP: | [Resources]: Dr Andrew Scogings (CSA Global Pty Ltd.) | |
| ABSTRACT: | Triton Minerals Ltd (Subject to Deed of Company Arrangement) (ASX:TON) (‘Triton’ or the ‘Company’) announces a restatement the Nicanda Hill Mineral Resource estimate (‘MRE’) reported in accordance with the JORC1 Code 2012. This action by the Company follows on the findings and recommendations of the Independent Technical Report (‘ITR’) of the Nicanda Hill MRE, completed in March 2016. Triton commisioned the ITR to evaluate the quality of the data, the domain interpretations, and the technical details of the grade estimate, which underpinned the October 2015 MRE. The ITR found no material issues with the data base, assay data and the estimation methodology. Triton has acted to resolve the issues highlighted in the ITR, by commissioning CSA Global Pty Ltd (CSA Global) to restate the MRE. The work completed included review of metallurgical test results, modification of the interpreted weathering domain boundaries and reassessment of the density values, which has resulted in a minor reduction of estimated tonnage. Since the grade estimate was not separated by weathering state, these modifications had no impact on the individual block grades in the model, and the estimated block grade values were not revised. The deposit should be capable of producing small and fine graphite flakes up to 0.15 mm in size, ranging up to about 97% TGC. The restated Mineral Resource has been classified taking into account the level of geological understanding of the deposit, quality of samples, petrographic and metallurgical results, density data and drill hole spacing. The Mineral Resource is classified as Indicated and Inferred, with roughly 55% of the Mineral Resource considered to be extrapolated. | |
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