Triton Minerals Limited Forms Strategic Alliance With AMG Mining
31.03.2015 | ABN Newswire
Perth, Australia (ABN Newswire) - Triton Minerals Ltd. (ASX:TON) (Triton or Company) is pleased to advise that Triton has signed a binding agreement to form a strategic alliance with AMG Mining AG (AMG) through the AMG subsidiary of GK Ancuabe Graphite Mine, SA (GK).Triton Minerals' Managing Director & CEO Brad Boyle said: "This is a significant partnership for Triton as we move ahead towards graphite production in Mozambique. AMG is highly regarded as one of the world's leading graphite companies and brings to the partnership a wealth of knowledge, experience and expertise in the graphite sector. AMG has recently taken the strategic decision to restart mining activities in the Ancuabe district of Mozambique.
We look forward to working closely with AMG and aim to jointly increase the known resource base in the Ancuabe district in the very near future."
The strategic alliance between AMG and Triton is for an initial exclusive period of two years during which the Parties will collaborate on the exploration, identification and development of graphite occurrences in the Ancuabe district, within the Province of Cabo Delgado in Mozambique.
The combined project area is located approximately 45km directly west from the Regional Capital and Port of Pemba with sealed road access to the town of Ancuabe (Figure 1 in link below)
GK's Mozambique assets include permitted mining concession 4C that encompasses a functional graphite producing plant (on care and maintenance) and associated mining and production infrastructure. Triton's exploration tenure completely surrounds this mining concession (Figure 2 in link below).
ABOUT AMG
AMG is a diversified "critical materials" company driven by global CO2 reduction trends. AMG produces highly engineered specialty metals and minerals products and provides related vacuum furnace systems and services to the aerospace, infrastructure, energy, and specialty metals & chemicals end markets.
The specialty metals and minerals products produced by AMG include aluminium master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal.
With over 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil, Turkey and Sri Lanka, and has sales and customer service offices in Russia and Japan (www.amg-nv.com).
CONCLUSIONS
Forming the strategic alliance with AMG provides Triton access to knowledge and expertise with respect to graphite production in Mozambique and potentially processing infrastructure and market access.
Triton is working towards establishing TMG as a new global graphite-industry benchmark, by aiming to offer the world's lowest cost and most diversified graphite product range together with the surety of a long-term and reliable supply of high quality flake graphite.
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-714580.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