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Triton Minerals Ltd.
Summary
| Project: | Ancuabe | |
|---|---|---|
| Deposit: | T16 | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 9/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-9-2017: Triton Minerals Ltd. announces an Exploration/Drilling Update report for its T16 deposit at the Ancuabe project. Drilling results incl. 26.8m @ 8.9% TGC from 23.3m. Triton Minerals Limited (Triton or the Company) is pleased to advise that the a | |
| Resources: | (Resource, I+I): 8.4Mt @ 7.8% TGC for 659,000t graphite contained at T16 | |
| CP/QP: | [Overall Report]: Andrew Scogings (CSA Global Pty Ltd.) | |
| ABSTRACT: | Triton Minerals Limited (Triton or the Company) is pleased to advise that the achievement of several recent key milestones has placed the Ancuabe Graphite Project Definitive Feasibility Study (DFS) firmly on track for completion in December 2017. The rapid and positive progress on the flagship Ancuabe Graphite Project should allow Triton to commit to a development decision in early 2018. In addition, the 2017 DFS drilling program at T16, consisting of 60 holes for 5,148 m including 36 DD holes for 2,831 m and 24 reverse circulation (RC) holes for 2,317 m. Four geotechnical DD holes totalling 693.2 m were also drilled at and intersected graphite mineralisation which will be used to inform the Mineral Resource model. All samples from the DFS drilling have now been shipped to the laboratories for analysis with more than 60% of the assays already received. The results to date confirm the continuity of the T16 deposit with a potential for an increase in grades within the existing resource and extension beyond the current resource envelope. “It is extremely pleasing that our expedited DFS approach is on track for a December 2017 completion against a backdrop of strengthening forecast demand for graphite and reports of prices increasing by 30%. The price increase has been driven by various challenges to the traditional sources of supply in China and the rapidly increasing demand outlook”. | |
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