Triton advances vanadium play at Nicanda Hill

23rd May 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia


Font size: - +

PERTH ( – ASX-listed Triton Minerals will fast-track studies on the vanadium mineralisation at the Nicanda Hill project, in Mozambique.

Triton told shareholders on Wednesday that the company was investigating the opportunity to produce a vanadium concentrate or product from Nicanda Hill, given the appreciation in the vanadium pentoxide price and the strong pricing outlook.

The decision to fast-track vanadium studies comes after a CSA Global study confirmed the potential of the vanadium deposit and potential processing options.

The project is currently estimated to host a Joint Ore Reserves Committee-compliant resource of 1.44-billion tonnes of vanadium, at grades of 0.29% vanadium oxide. The resource was considered one of the world’s largest defined resources of vanadium, and provided Triton an opportunity to capitalise on the forecast shortage of vanadium in the coming years, the company said.

“While we are aware of the size of the vanadium deposit, these studies have highlighted significant zones of vanadium within the Nicanda Hill orebody and demonstrate that valuable synergies may be achieved by producing both graphite and vanadium,” said Triton MD Peter Canterbury.

“These recent developments will assist the commercialisation discussions under way on Nicanda Hill and the company’s efforts to introduce a joint venture partner into what is a world-scale vanadium and graphite deposit.”

Triton was currently progressing a mineralogical study into the vanadium mineralisation, which will feed into a planned metallurgical testwork programme using samples from diamond core holes already drilled, and being held in storage.

Further investigation was also planned to confirm the proportions of the vanadium minerals in the areas with greatest vanadium content within the Nicanda Hill deposit. This resource will be used to further develop the vanadium recovery process to a concentrate from the Nicanda Hill resource.

“I look forward to updating shareholders in the near term on both the metallurgical testwork but also on farm-in discussions on Nicanda Hill. We believe this will be complementary to our development of the Ancuabe graphite project, in Mozambique, and will provide significant regional synergies for the company,” Canterbury said.

Edited by Creamer Media Reporter



SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...


Latest Multimedia

sponsored by

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 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
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?







sq:0.227 0.261s - 107pq - 2rq
1: United States
Subscribe Now
2: United States