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Triton boosts Ancuabe graphite resource by 87%

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Triton boosts Ancuabe graphite resource by 87%

Triton Minerals Ltd. has defined a maiden resource for the T16 deposit and upgraded the resource for the T12 deposit, increasing the total resource for the larger Ancuabe graphite project in Mozambique by 87%.

The T16 deposit hosts an initial indicated and inferred resource of 8.4 million tonnes at an average grade of 7.8% total graphitic carbon, according to an April 10 news release.

The resource within the T12 deposit has increased in tonnage and confidence and now stands at 19.5 million tonnes at 5.2% total graphitic carbon, with 8.1 million tonnes moved into the indicated category.

The total indicated and inferred resource for the Ancuabe project now comprises 27.9 million tonnes at 6% total graphitic carbon for about 1.7 million tonnes of contained graphite.

Managing Director Peter Canterbury said the results are the foundation of a scoping study, which is due for release next week and supports the feasibility studies that have begun at Ancuabe.

Triton is focusing on fast-tracking the Ancuabe project to an early investment decision.