Triton Minerals Limited - 2014 Annual Report to Shareholders
31.03.2015 | ABN Newswire
Perth, Australia (ABN Newswire) - The 2014 financial year and the subsequent months have proven to be the most significant in Triton Minerals Ltd.'s (ASX:TON) history, with significant milestones being achieved across its project portfolio, including:- acquiring an 80% interest in Grafex Limitada (Grafex) together with the tenements it holds, as well as negotiating an option to acquire the remaining 20% interest;
- defining a maiden Inferred Mineral Resource at Cobra Plains, which in tonnage terms, is the world's fourth largest graphite resource;
- defining a maiden Indicated and Inferred Mineral Resource at Nicanda Hill, which in tonnage terms, is the world's largest graphite and vanadium resource;
- independent Scoping Study completed which indicates Triton's Nicanda Hill resource is a low technical risk, economically robust and commercially viable graphite project;
- commencement of feasibility work for Triton's Mozambique graphite project including engagement of numerous technical consultants to assist with completion of feasibility work;
- ongoing positive metallurgical results confirmed that the Nicanda Hill graphite ore, through standard flotation methods, is readily able to produce graphite concentrates which assay from 95.8% Total Graphitic Carbon (TGC) to 97.3%TGC and by using a simple chemical wash, the graphite concentrate can be upgraded to 99.9%TGC;
- mineralogical test work at Ancuabe confirmed the presence of jumbo flake graphite in excess of 3mm being identified in the crusher discharge, with results also showing 85% of the flake distribution being greater than 212µm in size;
- conceptually, the combined Ancuabe and Nicanda Hill operations may enable the Company to produce large volumes of high grade graphite with a wide range of flake sizes and thereby accommodating broader end-user requirements;
- graphite market research completed by Independent Metallurgical Operations (IMO) has confirmed that Triton's Mozambique graphite (TMG) concentrate is suitable for use in a diverse range of graphite products;
- securing a $20 million equity placement facility with Long State Investments (LSI) as a safe guard to ensure the Company can continue to develop the Mozambique graphite project; and
- management appointments to strengthen the technical expertise and experience of the Company to continue the development of the Mozambique graphite project.
To view the annual report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-714546.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