https://www.miningweekly.com

Triton completes Mozambique graphite project's scoping study

26th November 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – A scoping study into ASX-listed Triton Minerals’ Nicada Hill graphite project, in Mozambique, has estimated that the project could support a production of 210 000 t/y of graphite concentrate.

The scoping study was based on a 51-million-tonne indicated resource, grading 12.4% graphitic carbon, for 6.3-million tonnes, and incorporated a 1.8-million-tonne-a-year throughput plant.

It was estimated that the project would require a capital investment of about $110-million, while the free-on-board cash costs were estimated at $315/t.

Production would likely start in 2017, and the project was estimated to have an initial mine life of 30 years.

“The release of the Nicada Hill independent scoping study is a significant milestone for our company, given that exploration drilling only started in April this year,” said Triton MD and CEO Brad Boyle.

“It confirms the quality of the Nicada Hill resource and demonstrates the potential for Triton to become a leading global producer of high purity flake graphite.”

Boyle said that ongoing feasibility work was expected to improve the project economics as the higher grades identified by drilling to date would be defined with greater confidence and expanded.

He also pointed out that the scoping study was based on a relatively small percentage of the existing global resource at Nicada Hill, in order to test the commercial viability of a conservative base-case production scenario.

“More comprehensive metallurgical studies, which will form part of the future feasibility programme, combined with additional resource drilling may identify an alternate and improved development route,” Boyle said.

The positive scoping study had prompted Triton to start work on feasibility studies.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.061 0.098s - 88pq - 2rq
Subscribe Now