The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Triton Minerals (TON) flags the upcoming release of an update to its December 2017 definitive feasibility study (DFS) for the Ancuabe graphite project in Mozambique
  • The company says it has recommitted to large-scale development due to growing demand for graphite from both battery and industrial applications
  • Project execution planning (PEP) is also underway, led by Chairman Rod Zhang and Chief Operating Officer Adrian Costello
  • TON is currently conducting a site visit to commence in-country planning and establishment works with Triton and Shandong Yulong representatives
  • The company plans to release the update to the DFS before the end of March
  • Shares in TON are up 1.47 per cent to 3.5 cents at midday AEDT

Triton Minerals (TON) has flagged the upcoming release of an update to its December 2017 definitive feasibility study (DFS) for the Ancuabe graphite project in Mozambique.

The company recently announced its plans to re-commit to the large-scale development of the Ancuabe project in a bid to cash in on the strong and increasing demand for graphite from both battery and industrial applications.

The commitment is also well supported by its proposed cornerstone shareholder, Shandong Yulong.

Triton’s DFS update focuses on refreshing inputs including graphite basket pricing, upfront capital expenditure, operating expenditure and sustaining capital expenditure.

The company has called on Perth-based engineering and procurement consultants to help with the DFS update.

Additionally, Triton has started early contractor involvement (ECI) with a major Chinese equipment supplier.

Project execution planning (PEP) is also underway, looking at ways to advance the project, on-time and on budget. It is being led by TON Chairman Rod Zhang and Chief Operating Officer Adrian Costello.

Mr Costello is also progressing discussions with mining, construction and civil contractors while in China.

The company said it expected the results from the DFS update this month, after which it will then proceed with a front-end engineering and design (FEED) process, followed by an engineering, procurement and construction (EPC) contract.

Triton aims to complete a site visit in March to commence in-country planning and establishment works with representatives from both the company and Shandong Yulong.

Shares in TON were up 1.47 per cent to 3.5 cents at midday AEDT.

ton by the numbers
More From The Market Online

KGL Resources jumps 25% on US$300M funding deal

KGL Resources has entered into a US$300 million PMPA to help fund construction and development of…
London

With osteo Phase 3 trial at 50% recruitment, Paradigm Bio inks partnership with University of London

Paradigm Biopharma (ASX:PAR) has this week hit two big items out the park: first of all, hitting 50% recruitment

Terra hits multiple intersections at Southwest SW6 prospect; assays now due in next ~12 weeks

Terra Metals has hit multiple intersections of massive sulphides in drilling at the Southwest SW6 prospect…
Easter bunny in a business suit analyzing stock charts, symbolizing market strategy

ASX closed for Easter long weekend. Enjoy your chocolates and the holiday break!

Yes, yes, I know you’re itching to do some serious Australian market trading today, but everyone — especially our much-loved HotCopper forum users