Nice ReadFor those who cant find it easilyTriton Minerals’ plan...

Nice Read

For those who cant find it easily

Triton Minerals’ plan to become the next Less than 10% of global graphite supply is suitable for the expandable ASX graphite producer from its flagship Ancuabe market compared with more than 50% of Ancuabe production.project in northeast Mozambique is fasttaking shape. China has mandated the use of flame retardant building materials Bulk earthworks are expected to start shortly, including a push to Most graphite projects held by ASX-listed companies have fallen by of Chinese financial and engineering backing, has Ancuabe heading Triton is targeting annual production of 60,000 tonnes of high Its concentrate will command premium prices to battery material (5% graphite, and currently the third biggest use of graphite) in complete the project’s raw water dam before the start of the wet Frazer said that importantly, Ancuabe graphite was already being season in December 2020. produced across a permit boundary by Germany’s AMG Graphit the wayside during the softening in graphite prices. “The project has been in operation for several years. They are actually But Triton’s focus on producing a premium product, and its securing to be OK,’’ Frazer said. towards first production. He said Chinese involvement has also been important to purity, large flake graphite concentrate which has the fastLate last year a $19.5 million investment by state-owned Jinan Hi growing expandable/fire retardant and refractory sectors as its Tech was secured to provide support for early construction activities target markets. under a deal in which it became Triton’s major shareholder with a new buildings. Kropfmuhl. mining the same orebody which tells me that the metallurgy has got Ancuabe’s advancement. 34% interest. grade graphite where a surge of supply has hit prices. China’s MCC international has been awarded the engineering, procurement and construction Andrew Frazer at Lazurus Corporate said Ancuabe’s focus on the contract for the mineral processing premium priced expandable graphite market (thermal foils and fire facility and supporting infrastructure at retardant in building cladding) put it in a good space. Ancuabe. More than 50% of excepted production has been covered in binding offtake agreements with Tianshengda “It is a good differentiation as there are lots Graphite and Chenyang Graphite. of companies which will be producing loads Apart from Ancuabe, Triton also holds of low-grade graphite for batteries. All the (building) legislation around fire retardant licences over the Balama North and Balama South projects in northern Mozambique . cladding and the growing demand for ecofriendly solutions we are seeing puts the project in a good space,’’ Frazer said. Andrew Frazer, Managing Director and founder of Lazarus Corporate Finance. THE-PICK.COM.AU