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Triton Minerals Ltd.
Summary
| Project: | Ancuabe | |
|---|---|---|
| Deposit: | T16, T12 | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 11/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-11-2017: Triton Minerals Ltd. announces a Resource Estimation report for its T16, T12 deposit at the Ancuabe project. Mineral resource update for the t12 and 16 deposits. Triton Minerals Limited (ASX: TON) (‘Triton’ or the ‘Company’) is pleased to anno | |
| Resources: | (Resource, I+I): 44.4Mt @ 6/6%TGC for 2.93Mt graphite contained at Ancuabe | |
| CP/QP: | [Resources]: Grant Louw, Andrew Scogings (CSA Global Pty Ltd.) | |
| ABSTRACT: | Triton Minerals Limited (ASX: TON) (‘Triton’ or the ‘Company’) is pleased to announce a major Mineral Resource upgrade at the Ancuabe Graphite Project. The total Indicated and Inferred Mineral Resource at the Ancuabe T12 and T16 deposits has increased 59% to 44.4 Mt at an average grade of 6.6% TGC for 2.9 Mt of contained graphite. The T12 and T16 deposits are located just 3km from each other and remain unconstrained by existing drilling. The Mineral Resource upgrade follows a highly successful exploration and resource definition drilling campaign in 2017, highlighted by the discovery of the Ancuabe T16 deposit which has been advanced from an exploration target to Mineral Resource in less than 12 months. The resource upgrade at the T16 deposit, to 20.0 Mt at 8.0% TGC, is an exciting achievement for Triton and underlines the prospectivity and quality of the Ancuabe Project. Triton has also significantly advanced confidence in the T12 and T16 deposits, increasing the total Indicated Mineral resource by nearly 300% to 27.2 Mt at 6.9% TGC (previously 9.2Mt at 6.0% TGC) which alone is sufficient to support targeted graphite concentrate production of up to 60,000 tonnes per annum, over a 30-year mine life. Managing Director Peter Canterbury said: “This major resource upgrade continues to demonstrate that Ancuabe is an outstanding deposit with world class flake size and end product grade (supported by a significant level of independent metallurgical testwork) to underpin development of a long life, large flake graphite project. The Ancuabe Project is located in a world class graphite province, only 90 km from port, and with access to existing road, rail and port infrastructure. The logistical advantages of the Ancuabe Project and support from the government of Mozambique further distinguish Ancuabe from other graphite projects in Africa. These results will be incorporated in the Ancuabe definitive feasibility study, which is scheduled to be completed in December 2017”. | |
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