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Triton Minerals Ltd.
Summary
| Project: | Balama North | |
|---|---|---|
| Deposit: | Nicanda Hill | |
| Location: | Mozambique | |
| Commodities: | Graphite-Vanadium | |
| Date: | 11/26/2014 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-11-2014: Triton Minerals Ltd. announces a Scoping Study report for its Nicanda Hill deposit at the Balama North project. Scoping study results incl. pre-tax NPV (10%) of US$1230M, IRR of 137%. Triton Minerals Ltd (ASX: TON, Triton, Company) is pleased | |
| Resources: | (Resource, I+I): 1457Mt @ 10.7% TGC, 0.27% V2O5 | |
| CP/QP: | [Resources]: Mark Drabble (Optiro Pty Ltd.) | |
| ABSTRACT: | Triton Minerals Ltd (ASX: TON, Triton, Company) is pleased to announce the results of the Independent Scoping Study for the Nicanda Hill graphite resource, located at its Balama North project in Mozambique. The receipt of positive Scoping Study results now justifies the commencement of feasibility studies that will form the basis for the rapid development of the Nicanda Hill resource and establish Triton as a low cost, high quality graphite producer. The Scoping Study was undertaken and prepared by independent geological and mining consultants Optiro Pty Ltd (Optiro) of Perth, Western Australia, who also prepared the initial Mineral Resource estimation for the Nicanda Hill deposit. Optiro were engaged to evaluate the technical and economic potential of the Nicanda Hill deposit and to provide the foundations of future development. The Scoping Study was managed and completed by Optiro who defined the economics, mining process and infrastructure for the future graphite mine at Nicanda Hill. This work was supported by specialist metallurgical work undertaken by ALS Laboratory in Adelaide, South Australia and supported by Mintek, South Africa. The Metallurgy, Process Engineering and Design was supervised by independent metallurgist consultants Battery Limits Pty Ltd. Mineralogical and drill core analysis was performed by SGS Laboratories, South Africa and Intertek/Genalysis, Perth. | |
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