Name of the Project
Ancuabe graphite project.

Location
Cabo Delgado province, Mozambique.

Project Owner/s
Triton Minerals.

Project Description
Ancuabe is considered as one of the biggest and highest-quality, undeveloped graphite deposits in the world.

A strategic review and desktop study has suggested a two-stage development strategy for the project.

Stage 1 proposes the development and construction of a commercial pilot plant (CCP) for a small-scale processing plant capable of producing flake graphite concentrate on a commercial basis. Triton is investigating a processing plant that will target the processing of 100 000 t/y to 125 000 t/y of ore and produce 5 000 t/y to 8 000 t/y of graphite concentrate.

Stage 1 will be completed using a stage gate approach, with the decision to progress to the next phase being based upon the results of the previous stage.

Stage 2 envisages the project’s expanding into a large-scale operation as planned in the 2017 definitive feasibility study, incorporating value-add enhancements identified in Stage 1.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Triton is aiming to bring the CCP into production within 18 months or in September 2023.

Latest Developments
Triton Minerals has reported that recent work conducted by the Mozambique government and its regional and international partners has resulted in an improvement in the security status and stability of the Cabo Delgado province.

The company’s directors and management recently met with government officials following the June attack at its Ancuabe graphite project, which resulted in two staff fatalities .

Triton has reiterated its commitment to the development of the Ancuabe project, saying that its meetings with government also included the potential reinstatement of Nicada Hill. These discussions are ongoing.

Triton has also met with several other government departments and agencies, including railway and port operators, the Mozambique Environmental Ministry and State-owned energy company EDM to provide progress on a range of matters pertaining to the development of Ancuabe.

Additionally, the company has also met with regional funders, contractors and potential offtake partners with regard to establishing alternative funding mechanisms for the development of the project.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Triton Minerals, tel +61 8 6381 9050 or email info@tritonminerals.com.