Triton Minerals Limited - Mozambique Projects Update

Perth, Australia (ABN Newswire) - Triton Minerals Ltd. (ASX:TON) (Triton, Company) is pleased to confirm the engagement of a number of key consultants to assist Triton with the completion of the Definitive Feasibility Study (DFS) at Nicanda Hill.

Triton Minerals' Managing Director & CEO Brad Boyle said: "Triton is proud to announce that it has now engaged and secured a comprehensive, world renowned, experienced and professional team of consultants to work with, advise and assist the Company with the rapid development of Nicanda Hill, towards graphite production.


MOZAMBIQUE PROJECTS UPDATE

NICANDA HILL

- Key consultants engaged by Triton to complete a Definitive Feasibility Study at Nicanda Hill including:
- DRA Global
- ORElogy
- Golder Associates
- Jem-Met
- Legacy Project Solutions
- Independent Metallurgical Operations engaged to complete a detailed study on the physical properties and specifications of Triton's graphite
- World Industrial Minerals (Denver) and Oriental Link Holdings engaged to assist with market development and creation of strategic partnerships in America and Asia
- Talks continue with potential strategic partners
- Resource Update ongoing


ANCUABE

- Preliminary mineralogical results confirm visual observations of jumbo flake graphite
- Flake graphite in excess of 3mm liberated in primary crusher discharge
- 85% of graphite flakes exceed 212µm
- Graphite head grades of up to 23%TGC
- Further metallurgical (flotation) work underway on 100kg sample

Further, Triton is extremely pleased to announce that initial exploration sampling from Ancuabe has produced encouraging results and confirms the substantial percentage of large and jumbo flake graphite material. The concurrent advancement of the Ancuabe Project is expected to provide Triton with the ability to provide greater flexibility in the range of graphite products, that can be supplied from its consolidated Mozambique projects for a wide range of clients, this would place Triton in an extremely unique and advantageous position in comparison to its peers."


NICANDA HILL

ENGAGEMENT OF KEY CONSULTANTS

In addition to the recent engagement of Coastal and Environmental Services (Pty) Ltd (CES), to complete the Environmental Management and Impact Assessment at Nicanda Hill resource, Triton is very pleased to announce that it has now engaged a complete team of technical experts, who possess a high degree of experience in graphite, to assist Triton with the completion of the DFS at Nicanda Hill. Bringing together such an experienced and capable team of experts, gives the Company confidence that it can build on its past successes and continue with the rapid development of the Nicanda Hill resource, towards graphite production. DRA Global: Lead Manager of Definitive Feasibility Study DRA Global (DRA) has been engaged by Triton as lead study manager of the Nicanda Hill Graphite Project and will commence with a number of options studies. The Company will then endeavour to seamlessly transition from the Pre-feasibility Study (PFS) to Definitive Feasibility Study (DFS) level at the completion of the pilot plant phase.

The options studies and PFS will form the basis for the direction of the comprehensive DFS. These options include the potential incorporation of vanadium and other bi-products and material from the Ancuabe Project. Triton is targeting completion of the DFS by the end of 2015. DRA's study team will be based at its Perth office, complemented by services from its Johannesburg office, and will be responsible for the completion and sign-off of the DFS report to bankable standard. The DFS comprises a number of components including engineering and mineral process plant design, transportation and logistics, resource modelling, reserve classifications, pit design, tailings storage facility design, environmental and social impact, marketing and product distribution and financial modelling. DRA is an international, multi-disciplinary organisation specialising in the project management of mining, infrastructure and mineral process plant design and construction. As one of the largest project management enterprises in Africa, DRA has established a long and successful history of project development in Africa's mining industry.

DRA has a large complement of professional engineers of all disciplines who manage, design and construct projects for clients in mining areas around the world. DRA offers engineering expertise in process, electrical and instrumentation, mechanical, civil and structural, infrastructure, materials handling, winder, mining, process plant operations and maintenance management. DRA also offer procurement of equipment and supplies, fabrication and erection, commissioning and training. ORElogy: Reserve Classification and Open Pit Mine Planning

As DRA Global's strategic partner, ORElogy has also been engaged by the Company via DRA to complete the Reserve Classifications at Nicanda Hill. Further, ORElogy will complete the design for the proposed open pit, the Life of Mine schedule and all associated mine planning for the project.

ORElogy is a mine planning consultancy firm based in West Perth, Western Australia, whose focus is providing innovative and practical mine planning solutions. The ORElogy approach to mine planning is to always look to add value and they have developed a range of unique tools to allow them to do this. ORElogy have considerable experience in African projects and therefore a partnering arrangement with DRA is an ideal fit and talks to the key strengths of both groups.


Golder Associates: Tailings Storage Facility Design

Triton has engaged the Golder Associates (Golder) to complete the Tailings Storage Facility (TSF) design for the DFS at Nicanda Hill.

Globally, Golder have designed and built TSF's for a wide variety of commodities including graphite, gold, uranium, base metals, coal, oil sands, oil shales, red mud, fly ash and clays. Golder have designed facilities to cater for tailings outputs ranging from 250 to 350 000 tons per day that satisfy short-term operational and long-term closure and environmental criteria.

Golder is a global organisation employing more than 8,000 people who operate from more than 180 offices throughout Africa, Asia, Australasia, Europe, North America and South America. Many of their Australian based mining clients who are pursuing exciting mining opportunities in Africa benefit from Golder's African presence, local knowledge, and global expertise.

With Maputo and Tete offices in Mozambique and throughout South Africa, Golder are perfectly situated to service Triton's requirements.

Damien Kenworthy, Client Development Manager for Golder Associates states "We are looking forward to working with Triton minerals on this exciting project. Our Perth office will lead the TSF design for this project with support from our African offices in Maputo and Johannesburg.

We understand that Nicanda Hill is a world class graphite deposit, with funding progressing in its exploration activities and studies. To support the completion of the Nicanda Hill graphite project in Mozambique, Golder can deliver engineering and implementation of virtually all types of tailings storage solutions including dewatering inside the plant; pump and pipeline transportation system, tailings storage and water return systems."


JEM-MET: Owner's Team DFS Supervision

Jem-Met has been engaged by the Company to assist with the overall supervision of the DFS process on behalf of Triton, to ensure the study is completed on time and on budget.

Jem-Met is an Australian based, client focused, mining project management consultancy, that specialises in representing the client during the feasibility stages and managing interaction between appointed specialists to guarantee shareholder capital is utilised correctly.


Legacy Project Solutions: Owner's Team DFS additional support

Triton has engaged Legacy Project Solutions as additional support to the owner's team during the DFS and will oversee the various consultants in South Africa and Mozambique during the study period.

Legacy Project Solutions are a South African based project management services provider, with a team of cross-disciplinary specialist consultants to assist during pre-feasibility and feasibility studies.


Independent Metallurgical Operations: Graphite Specifications

Independent Metallurgical Operations Pty Ltd (IMO) has been retained by the Company to undertake a detailed analysis and review of the physical characteristics and industry specifications applicable to Nicanda Hill graphite concentrate. This work will enable Triton to better understand the range of applications for Nicanda Hill graphite, enabling Triton to refine and better cater for potential client's needs.

IMO, based in Perth, Western Australia, has been providing metallurgical operations and metallurgy consulting services to the Australian and global mining industry since 1998. IMO Consulting specialises in extractive metallurgy and process flow sheet development, IMO Operations provides metallurgical specialists to operating sites and IMO's laboratory, Metallurgy Pty Ltd offers clients an exclusive benefit in the scoping and management of test work programs, supported by experienced Consulting and Operations groups.


World Industrial Minerals: North American Graphite Market

World Industrial Minerals (Denver) (WIM) has been engaged to assist Triton with market penetration and strategic partnership development in the North American region.

WIM is an international consulting firm that specialises in the evaluation of Industrial, Precious, Base, and Strategic Mineral projects throughout the world. Utilising a network of domestic and international associates, WIM is capable of completing all evaluation tasks from initial grassroots geological exploration through advanced feasibility studies including marketing and transportation.


Oriental Link Holdings: Asian Graphite Market

Triton has also retained Oriental Link Holdings Pty Ltd (OLH) to assist the Company with market penetration and strategic partnership development in the Asian region.

OLH is based in Perth, Western Australia and has offices in Singapore, Hong Kong and China. Their professional team of experts are actively engaged in and are reviewing the resource market for changes and deliver customised consultancy towards the needs of their customers. OLH have considerable experience with graphite and graphite companies in the Australasia region.

OLH provide clients with industry research and latest insights so as to help them make informed business decisions. OLH consultancy services help drive results by strategising and implementing innovative strategies, improving operations and reducing risks for their clients, by providing support and strategies to meet client's requirements.


POTENTIAL STRATEGIC PARTNERS

Triton, together with the assistance of WIM and OLH, are actively advancing discussions with current and new potential strategic partners from Europe, Japan, China and North America.


NICANDA HILL RESOURCE UPDATE

The Company confirms that it has now received all of the drill core assay results from Nicanda Hill and is in the process of conducting a revision of resource model using Optiro as an independent consultant. The resource update is intended to provide a more accurate basis for the DFS. Triton is aiming to complete this resource update shortly.


INTEGRATED DEVELOPMENT CONCEPT PLAN

As previously announced by Triton on 4 February 2015, the Company is reviewing a number of development options in which the Ancuabe Project may be incorporated into the Nicanda Hill operations, in order to provide a greater commercial flexibility by providing a varied range of high-purity graphite flake sizes for end users.

Triton is investigating whether the Ancuabe Project could be developed as either a stand-alone operation in close proximity to Pemba port facilities or by transporting the graphitic material for treatment to the proposed Nicanda Hill operation.

An option being reviewed by Triton is the creation of a Central Processing Plant (CPP) facility at Nicanda Hill. Under this proposal, Triton could supplement the Nicanda Hill material with graphite ore from both Ancuabe and, in the longer term, Balama South.

Although, Ancuabe is located approximately 150kms East of Nicanda Hill and normally transporting ore over this distance to the processing plant would limit the potential economics of a project, Triton considers that the use of back-loading on return from the Port of Pemba to Nicanda Hill, may be a commercially attractive option.

The potential of the Ancuabe super jumbo flake operation is considered by Triton to be complimentary to the Nicanda Hill operation. An integrated Nicanda Hill-Ancuabe development plan offers Triton the option to provide a supplemental range of graphite flake sizes.

more detailed study and analysis about the viability of the CPP will be completed by Triton and will be considered during the Nicanda Hill DFS.

Should Triton be able to integrate the Ancuabe and Nicanda Hill Projects, this would place the Company in a unique position with respect to the size of its resources (hence life of mine), low production cost, and the ability to provide the full range of graphite flake sizes.


ANCUABE

Initial Mineralogical Results Confirm Jumbo Graphite Flakes

Preliminary mineralogical test work on the Ancuabe sample by Mintek (Johannesburg) confirms the strong presence of jumbo flake graphite in excess of 3mm being identified in the crusher discharge (refer to Table1).

Triton is pleased by the encouraging flake distributions results that show:

- 85% of the graphite flakes are greater than 212µm in size, thus are very large graphite flakes.

- ~60% of the graphite flakes recovered from the crusher discharge ranges between 600µm and 3300µm, (i.e. jumbo graphite flakes).

The identification of the jumbo graphite flake is considered an extremely positive result for Triton, with potentially sound economic implications.

These results have been obtained from the first crush, a more complete flotation testing program is being undertaken at the Mintek Laboratories on the 100kg sample, to refine the optimisation process for the graphite flake recovery and to determine the final graphite purity.

Triton considers these measurements to be quite impressive outcomes, given that these results were only obtained from a first crush and yet it appears the majority of the graphite flakes liberate cleanly from the surrounding gangue material without the need for additional processing (Refer to Figure 3.)

If Triton is able to liberate a large portion of the graphite flakes by crushing, then this would significantly reduce the time and cost of extraction whilst managing to preserve the large flake sizes. The Company is optimistic of further encouraging results with the completion of the additional metallurgical test work program.

The preliminary assay results on the sample has found a head grade of up to 22.8% Total Graphitic Carbon (TGC) in the flake size range between 600µm and 800µm, whilst the overall graphite grades across the full range of graphite flake sizes still averaged 16.2% TGC, which are strong indicators of the high quality nature of the Ancuabe Project.


CONCLUSIONS

Triton is delighted to be able to assemble such a comprehensive, knowledgeable and professional team of consultants to assist with the completion of the DFS at Nicanda Hill and to have the additional support from groups assisting Triton with the marketing of the potential graphite concentrates.

The continued rapid development of Nicanda Hill towards production remains Triton's foremost priority. However, the latest exploration results from Ancuabe also confirms the high quality nature of the Ancuabe Graphite Project.

Should Triton demonstrate economic volumes of large and jumbo flake graphite at Ancuabe, it could complement the Company's targeted high-volume low-cost production from Nicanda Hill and provide the Company with the potential to produce the large volumes of high grade graphite in the full range of flake sizes and thereby accommodating for a wider range of end-user requirements.

To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/79422-ASX-TON-711020.pdf


About Triton Minerals Limited:

Triton Minerals Ltd. (ASX:TON) is an ASX listed, responsible mineral explorer and resource management company headquartered in Perth, Australia.

Led by a highly experienced management team, Triton Minerals' vision is to grow shareholder's value through discovery or development of base metal, gold and other precious metal deposits.

Triton has made excellent progress with its three Graphite projects located in the Cabo Delgado Province in Mozambique, with the program successfully identifying a number of graphitic exposures.

It is the Company's belief that the Mozambique, Balama North Project could host multiple and very substantial world class graphite deposits.



Contact:

Triton Minerals Ltd.
Brad Boyle
T: +61-8-6489-2555
F: +61-8-9388-1252
www.tritonmineralsltd.com.au