Triton claims world’s largest graphite-vanadium deposit

THE DRILL SERGEANT: Triton Minerals (ASX: TON) has released the maiden JORC 2012-compliant Mineral Resource estimate for the Nicanda Hill graphite deposit at the company’s Balama North project in Mozambique.

The Nicanda Hill maiden Mineral Resource has come in at 1.457 billion tonnes at 10.7 per cent total grapitic carbon (TGC) and 0.27 per cent vanadium.

The Resource contains 155.9 million tonnes of graphite and 3.93 million tonnes vanadium.

Broken down the Nicanda Hill deposit comprises Indicated Mineral Resources of 328 million tonnes at 11 per cent TGC and 0.26 vanadium and Inferred Mineral Resources of 1,129 million tonnes at 10.6 per cent TGC and 0.27 per cent vanadium.

“This is a tremendous result for the company, as Triton has successfully defined the largest graphite and vanadium deposit in the world – only six months from the commencement of drilling at Nicanda Hill,” Triton Minerals managing director and CEO Brad Boyle said in the company’s announcement to the Australian Securities Exchange.

 

Overview aerial image of the Nicanda Hill deposit showing the boundaries
of the mineralised footprint, indicated and inferred resources and the
Mutola high-grade graphite zone. Source: Company announcement

 

“It was evident from the drilling data received to date, that it confirmed the geological continuity at Nicanda Hill and together with the consistency of the graphite grades provided Triton the opportunity to undertake and complete an initial mineral resource estimate well ahead of schedule, with the remaining data to be used to upgrade the classification of the initial mineral resource estimate.

“This impressive result has confirmed the true world class potential of the Balama North project.

“Triton is now one step closer to becoming a market-leading low-cost graphite and potential vanadium producer.”

Website: www.tritonmineralsltd.com.au