EDITOR: | April 3rd, 2014 | 4 Comments

Triton’s Balama North graphite project potential is positioned to be leader

| April 03, 2014 | 4 Comments

Triton-Brad BoyleApril 3, 2014 — Brad Boyle, Managing Director for Triton Minerals Limited (‘Triton’, ASX: TON), speaks to Tracy Weslosky, Editor-in-Chief and Publisher of InvestorIntel, about the Balama North graphite project in Mozambique. Brad starts by noting that since the beginning of 2014, Triton has achieved an “inferred resource on the Cobra Plains prospect and turn that into 103 million tons deposit with an average grade of 5.5%, which is pretty exciting for us because that wasn’t our primary target; that was just the tail end of where we were primarily looking, while we’re waiting for Nicanda Hill to come online.”

Triton’s project, Balama North, as Tracy observes, presents significant ‘closeology’ advantages; this means it benefits from its proximity – 3.5 km northeast –  to well-known world-class properties such as Syrah Resources, which has a potential of 1.1 billion tons. Not surprisingly, Triton has found significant mineralization over a 10km long stretch featuring high grade flake graphite: “one of the main reasons why we picked this project was because of how close it was to that.” Brad adds: “luckily enough it seems that we may have found a very similar style.”

On the financial and management front, Triton made a private placement earlier this year for over four million dollars. Tracy notes that, usually, private placements tend to bring share prices down whereas in the case of Triton, the share price went up. Brad explains this favorable, if unusual, market response, attributing the result to investors who approached Triton and who were keen to see drilling get underway as soon as possible; therefore, they came up with the necessary funds. Triton called a trading halt, which only seemed to spark more interest: “we were oversubscribed by nearly twice what we asked for”. The fact that the share price has not dropped to the pre-placement values suggests investors are very confident about Triton and its ability to deliver. The proximity to Syrah’s deposit has, clearly, already started to produce benefits and help Triton fast track into production.

The benefits of Triton’s closeology also extend to infrastructure. In fact, Triton’s property enjoys direct access to the main highway. This is actually better than Syrah Resources, where access involves having to deal with two rivers. Triton has unimpeded access in and out of the project, which means it can save a lot of money by not having to build any additional infrastructure. The road is there and “it is a straight drive to the port of Pemba”.

As Brad presents the main goals for 2014, having delineated the inferred resource in 2013, the next stage will be to perform the metallurgical test work, which will occur in the next few weeks, giving an indication of what the recoverable grades will be. A scoping study will follow and it should be completed by the middle of the year. Triton believes it has gathered sufficient data to predict that its resource may be significantly greater than current estimates. The presence of an anomalous graphitic zone extending west and north from its Nicanda Hill prospect, indicating that the “numbers could be very substantial indeed”.

Disclaimer: Triton Minerals is an advertorial member of InvestorIntel


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  • Tracy Weslosky

    I would like to place a recommendation to watch this interview because Triton is going to literally hit the investment audience like a TON of graphite…love this line: “Triton believes it has gathered sufficient data to predict that its resource may be significantly greater than current estimates.”

    April 3, 2014 - 1:49 PM

  • Dr. Copper

    Tracy – would you happen to know why not all shares from the capital raising has
    been issued ? and please if you can, explain Mr. Boyle claim Triton was approached
    but he ‘asked’ for the funds ? Its was clear Triton was running dry of cash for the
    impending drill program. Of interests was the new EM readings he allured to, fingers
    crossed it produce more than 5 pct TGC and can be separated from the ore mix.

    Its a great interview with Mr. Boyle correcting you when you claim there is
    infrastructure at Syrah Balama project. There is no infrastructure there as
    Mr. Boyle says.

    Its not the size of the elephant which matter its who holds the pick
    and how much dust you wipe off its ears.

    This is a great trading stock make no doubt about it, but produce graphite
    in Mozambique you really need to follow what AMG encountered and decided
    to pull out.

    Lets try keep it real.

    April 4, 2014 - 3:21 AM

    • Islay

      We must give due credit to Dr Copper, for his consistency in taking great care to never read announcements, and therefore never gaining facts which could disturb his pre-conceived ideas.

      His claim that there is no infrastructure at Balama is simply bizarre.

      They have low-cost power from the Mozambique national grid, to the mine. Mozambique has large hydro-electric resources.
      The road to the port of Pemba is now sealed, and the drive takes about three hours.
      The mine site is 14 km from a major dam, and Syrah have an agreement in place for the supply of ample water for plant operation. (One million cubic metres per year)
      The port of Pemba is a deep-water, container port, and berth/loading facilities are available for Syrah.

      All this has been detailed in formal announcements to the Australian Stock Exchange, and is readily available on the net, for anybody to confirm.

      True, there is, as yet, no corner drugstore, or espresso bar. Maybe that’s what Dr Copper has in mind.

      April 4, 2014 - 8:19 AM

  • Dr. Copper

    I was simply referring to the published video in this article which everyone
    can read and listen to. It speaks for itself.

    Ofcourse if Islay choose to refer to other information then I can quite empathetically
    follow why Islay has a strong discontent for the true situation.

    Bytheway (and which way actually) is the mine you refer to ?

    April 4, 2014 - 8:50 AM

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