PERTH (miningweekly.com) – ASX-listed Triton Minerals has been granted a 25-year mining concession for its Cobra Plains graphite project, in Mozambique.
Triton previously held an exploration licence over the Cobra Plains project and has sought an extension or modification to this licence. The company said on Wednesday that the consultation process had resulted in a far more advanced and valuable mining concession.
Cobra Plains has an existing Joint Ore Reserves Committee-compliant resource of 103-million tonnes, grading 5.2% total graphitic carbon, containing 5.7-million tonnes of graphitic carbon.
The project area is located 10 km from ASX-listed Syrah Resources’ Balama graphite project.
“The grant of the Cobra Plains mining concession, with its large-scale 5.7-million-tonne contained graphite resource, means that Triton now owns two globally significant graphite resources with a diversified mix of flake sizes which can be applied towards a range of applications from batteries to expandable graphite for building materials,” said Triton executive director Andrew Frazer.
“The granting of the mining concession is a testament to the ongoing hard work of our team and our development activities in Mozambique. The granting of the mining concession adds further scale to our portfolio of graphite projects in Mozambique and to the value proposition as we continue with our ongoing funding discussions for the Ancuabe graphite project.”
Meanwhile, Triton on Wednesday said that discussions were still ongoing regarding the Nicanda Hill licence, which the government was now reserving for public tender, despite the company’s efforts to have the licence renewed.
Triton has appealed to the Mozambique government and is making "every effort" to obtain a renewal of the licence, the company said.