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Triton Minerals Ltd.
Summary
| Project: | Ancuabe | |
|---|---|---|
| Deposit: | T16, T12 | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 4/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-4-2017: Triton Minerals Ltd. announces a Resource Estimation report for its T16, T12 deposit at the Ancuabe project. Updated mineral resource for T12 and Initial resource estimate for T16. Triton Minerals (ASX: TON) (‘Triton’ or the ‘Company’) is pleas | |
| 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 (ASX: TON) (‘Triton’ or the ‘Company’) is pleased to announce a maiden Indicated + Inferred Mineral Resource for the T16 deposit of 8.4Mt at an average grade of 7.8% TGC. The T16 deposit is located just 3km from the flagship T12 deposit at Ancuabe and will form a key part of any future mine plan. Triton has also significantly advanced confidence in the T12 deposit, increasing the total Mineral Resource to 19.5Mt at 5.2% TGC and moving 8.1Mt into Indicated status. The total Mineral Resource estimate for the Ancuabe Project now comprises 27.9 million tonnes (Mt) grading 6.0% Total Graphitic Carbon (TGC), for 1.68 million tonnes of contained graphite. Managing Director Peter Canterbury said, “This major resource upgrade is extremely pleasing in that it reaffirms our belief that the larger Ancuabe deposit is a potential long term supplier of large flake, high grade graphite concentrate. It is particularly pleasing to achieve an Indicated resource at T16 within 6 months from first resource definition drilling and at an average grade greater than the T12 deposit. We continue to be encouraged by the ongoing metallurgical testwork which has shown an average of ~59% large or jumbo flake size (~32% Jumbo) and average concentrate purity of >97% TGC for metallurgical samples tested to date. These results are the foundation of the scoping study which is due for release next week and supports the feasibility studies which have commenced at Ancuabe. Our strategy remains focused on fast tracking the Ancuabe project to enable an early investment decision.” | |
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