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- Triton Minerals (TON) appoints a front-end engineering design (FEED) contractor for the Ancuabe graphite project in Mozambique
- The company selected Yantai Oriental Metallurgical Engineering (YOME), an associate of Yantai Jinpeng Mining Machinery, for the process plant and associated non-process infrastructure contract for its project
- YOME will focus on the project’s FEED work this quarter, with the aim of enhancing and improving the design and efficiencies in the processing plant
- This is hoped to reduce risk and target an improved tender price for the construction of the processing plant
- Triton Minerals shares are up 3.33 per cent to 3.1 cents at 1:49 pm AEDT
Triton Minerals (TON) has appointed a front-end engineering design (FEED) contractor for the Ancuabe graphite project in Mozambique.
The company selected Yantai Oriental Metallurgical Engineering (YOME), an associate of Yantai Jinpeng Mining Machinery, for the contract for both the process plant and associated non-process infrastructure for its project.
The news follows Triton’s recent re-commitment to the large-scale development of the Ancuabe project, as outlined in its 2017 definitive feasibility study.
Triton said it based its decision to move straight to the large-scale development on “strong and increasing demand” for graphite from both battery and industrial applications, as well as the support of its proposed cornerstone shareholder, Shandong Yulong.
YOME will focus on the project’s FEED work this quarter, with the aim of enhancing and improving the design and efficiencies in the processing plant. This is hoped to reduce risk and target an improved tender price for the construction of the processing plant.
Triton Executive Director Andrew Frazer said the company was “very happy” to have YOME and Jinpeng join the development of Ancuabe.
“We know Jinpeng to be a highly capable engineering and manufacturing company which has direct experience in building projects in various jurisdictions throughout the world, but importantly in the graphite sector and specifically in Mozambique,” Mr Frazer said.
“We are confident that the outcomes from the FEED works will provide benefits to the project by improving the deliverables and potentially reducing upfront CapEx and minimising the execution risk.
“This is a critical step as we work towards the funding package and the award of an EPC contract to build the Ancuabe graphite project.”
Triton Minerals shares were up 3.33 per cent to 3.1 cents at 1:49 pm AEDT.
