Triton Minerals’ Ancuabe Graphite Project resource has increased by 59% to 44-million tonnes, at an average grade of 6.6% total graphitic content (TGC).
According to the company, the development follows a ‘highly successful’ exploration and resource definition drilling campaign undertaken this year.
“This major resource upgrade continues to demonstrate that Ancuabe is an outstanding deposit with world-class flake size and end product grade, supported by a significant level of independent metallurgical testwork, to underpin development of a long-life, large flake graphite project,” said Peter Canterbury, Triton Managing Director.
Ancuabe’s T12 and T16 deposits are now estimated to contain 2.9-million tonnes of graphite.
Triton further says the deposits are located just 3 km from each other and remain unconstrained by existing drilling.
“The resource upgrade at the T16 deposit, to 20-million tonnes at 8% TGC, is an exciting achievement for Triton and underlines the prospectivity and quality of the Ancuabe project.”
Triton has also significantly advanced confidence in the T12 and T16 deposits, increasing the total indicated mineral resource by nearly 300% to 27.2-million tonnes at 6.9% TGC which alone was sufficient to support targeted graphite concentrate production of up to 60 000 t/y over a 30-year mine life.
Ancuabe project is located in a world-class graphite province, only 90 km from port, and with access to existing road, rail and port infrastructure.
“The logistical advantages of the Ancuabe project and support from the government of Mozambique further distinguish Ancuabe from other graphite projects in Africa.
These results will be incorporated in the Ancuabe definitive feasibility study, which is scheduled to be completed in December,”