Triton Minerals’ subsidiary Grafex Limitada has submitted a mining concession application (MCA) to the Instituto Nacional de Minas (INAMI) for its large flake, high-purity Ancuabe graphite project.
The application encompasses all aspects of the project including geology, mining, metallurgy, process design, infrastructure, environmental, social and community, marketing, implementation schedule and financial evaluation.
Once granted, the MCA will allow the extraction and processing of mineral resources for the first 25 years of the project.
So far INAMI has issued a certificate that the application conforms to Mozambique mining law requirements.
“This demonstrates Triton’s commitment to rapidly advancing the project and delivering value for our shareholders, local partners and communities in Mozambique,” said Peter Canterbury, Triton Managing Director.
Canterbury said expects to deliver a number of significant project milestones in coming months including the definitive feasibility study in December.
“This will continue to enhance the value of the Ancuabe project,” said Canterbury.