i should correct, the worlds largest vanadium/ graphite deposit.
some more links
https://www.asx.com.au/asxpdf/20141128/pdf/42v301vbl5byft.pdf
http://www.tritonminerals.com/triton-projects/balama-north/nicanda-hill/
interesting that there are some very high grades, tailings floatation concentrates up to 0.74% V2o5, and 7% zinc
the company web site notes on Nicanda Hill
"MINERAL RESOURCE
The Company’s most significant achievement to date is the announcement in October 2014 of the maiden Mineral Resource at Nicanda Hill. Triton achieved this milestone in only six months from the commencement of drilling at Nicanda Hill.
The maiden Mineral Resource estimate ranks Triton’s Nicanda Hill deposit as the largest combined graphite and vanadium deposit in the world.
The total Mineral Resource estimate as at 31 December 2014 comprises 1,457 Million Tonnes (Mt) at an average grade of 10.7%TGC and 3.93 Mt at an average grade of 0.27% of Vanadium Pentoxide (V
2O
5) classified as either Inferred Mineral Resources or Indicated Mineral Resources in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition) as reflected in Table 1 below. This Mineral Resource has been reported inside geological wireframes (defined on the basis of mineralised graphite intercepts) and equates to a nominal 8% TGC cut-off grade.
Triton notes that this Mineral Resource estimate far exceeds the Company’s original expectations. Nicanda Hill has rapidly progressed from concept stage to classified Mineral Resource. The Nicanda Hill drilling program, which commenced in April 2014, was originally designed as exploration but due to the strong and consistent drilling results, rapidly developed into a resource definition drilling program.
The Company found that the drilling data confirmed both the geological continuity and consistency of graphite grades across the mineralised footprint at the Nicanda Hill deposit. These strong results provided Triton with the opportunity to undertake and complete an initial Mineral Resource estimate for Nicanda Hill approximately six months early.
These results demonstrate the high quality of the Nicanda Hill deposit. With the successful definition of the Mineral Resource estimate and the identification of multiple high grade mineralised zones which outcrop at surface, Triton is in a strong position to rapidly advance the Nicanda Hill deposit towards production. The Company will now look in the near future to become a market leader and one of the lowest cost graphite and vanadium producers in the world.
The Mineral Resource estimate has been defined within the original 6.2km long mineralised footprint at Nicanda Hill. Additional exploration prospects to the west, east and south have yet to be assessed.
The Company will seek to undertake pilot plant production testing on large bulk samples. The use of a pilot plant would assist Triton to complete the definitive feasibility study and advance the project towards production"
