Triton calculates 103Mt of Cobra Plains graphite

THE DRILL SERGEANT: Triton Minerals (ASX: TON) has released the maiden Mineral Resource Estimate for the company’s Cobra Plains graphite deposit at the Balama North project in Mozambique.

The Inferred Mineral Resource Estimate comprises 103 million tonnes at an average grade of 5.52 per cent graphitic carbon, containing 5.7 million tonnes of graphitic carbon.

“This is a tremendous result for the company as Triton has managed to define in a secondary target the fourth largest graphite deposit in the world, based on resource tonnes, in just over six months from the commencement of drilling at the project,” Triton Minerals managing director Brad Boyle said in the company’s announcement to the Australian Securities Exchange.

 

Summary of publicly available resource data for graphite projects identified around the world. Source: Company announcement

 

“This result comes on the back of an initial exploration drill program at Cobra Plains that was intended as a proof of concept that graphite mineralisation continued southwest from the high-priority, high-grade target of the Nicanda Hill prospect.

“The true potential of the high-grade Nicanda Hill prospect and the rest of the Balama North project is yet to be fully tested.

“These results support the company’s belief that the Balama North project can host multiple, very substantial world class graphite deposits.”

In addition to the Inferred Mineral Resource Estimate, Triton’s consultants have also identified exploration target potential along strike and down dip at Cobra Plains as being in the range of 30Mt to 50Mt and grades of 5 per cent to 5.2 per cent graphitic carbon.

Triton said it considers further drill testing and other exploration work to be completed at the Cobra Plains deposit to have potential to be expanded to the range of 130 Mt to 150Mt.

Website: www.tritonmineralsltd.com.au