Company Overview and News
Peel Mining has announced completion of a $6 million share placement to fund work on its zine-lead project while Triton Minerals has launched an entitlement offer for the same amount.
Triton Minerals Ltd (ASX:TON) is targeting 2019 for first production from its advanced projects in Mozambique’s graphite region.
Triton Minerals (ASX:TON) has revealed further significant drilling results as part of the feasibility study for its flagship Ancuabe graphite project in Mozambique.
LONDON, UK / ACCESSWIRE / July 19, 2017 / Triton Minerals plans to develop its Ancuabe graphite project in Mozambique to feed the established and high-growth expandable graphite market. In our view, this is a prudent way forward in a sector dominated by graphite companies tussling with the vagaries of battery-ready graphite production and an end-market yet to mature. With East African graphite deposits already advancing in many cases (AMG's Ancuabe mine is now commissioned, Syrah's Balama is under construction, Volt Resources is securing off-takes), it is clear the region's graphite is suitable for industrial uses.
Triton Minerals Ltd (ASX:TON) has secured a strategic investment of $1.23 million via the placement of shares to its largest shareholder, Shandong Tianye Mining Co, at $0.048 per share.
Triton Minerals (ASX:TON) has received test work results confirming the high-value potential of graphite from its Ancuabe Project in Mozambique.
Triton Minerals (ASX:TON) has been granted a trading halt by the ASX, pending details of a Scoping Study.
Triton Minerals (ASX:TON) has confirmed premium grades of graphite from testing metallurgical samples taken from its Ancuabe Project in Mozambique.
Investors have reacted positively to this news, with Triton’s shares last trading 11% higher intra-day, at $0.07.
Syrah's (ASX - SYR) mine will more than double global graphite supply. Despite this NPV price assumptions exceed current spot prices.
The latest drilling indicates the T16 deposit as a potential satellite deposit to the T12 deposit. Triton’s T12 deposit comprises a JORC 2012 resource of 14.9 million tonnes grading 5.4% total graphitic carbon, for 798,000 tonnes of contained graphite. The company has been undertaking a comprehensive drilling program aimed at further testing of the T12 deposit and also evaluating several surrounding prospective areas.
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Recently revived Triton Minerals has made stellar gains on its return to the ASX today, after raising $14.1 million and exiting voluntary administration with a new board and management team.
Triton now has $8 million in cash, has secured a cornerstone shareholder, and has a new strategy for growth at Ancuabe, which is located in Mozambique.
LONDON, Dec. 1, 2016 /PRNewswire/ -- The report analyzes and forecasts the laser material market on the global and regional level. The study provides historical data of 2014 along with forecast from 2015 to 2023 based on volume (Kilo Tons) and revenue (US$ Mn). The study includes drivers and restraints for the laser material market along with their impact on demand during the forecast period. The report also analyzes opportunities in the laser material market on the global and regional level.
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