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Triton Minerals Discovers Extensive Graphite Outcropping In Mozambique

Triton Minerals (ASX: TON) has discovered extensive graphite outcropping from a current exploration program at the Balama North Project in Mozambique.

Extensive graphitic outcropping was found over a strike length of 3,750 metres (3.75km) located within the company's Target 1 area.

This suggests that the graphite mineralisation has developed along the same sub-structure which extends in a north-east direction from the Balama East graphite deposit held by Syrah Resources.

Triton managing director Brad Boyle said "We are excited with the discovery of the substantial graphite outcropping. This initial small exploration program was about a proof of concept and the outcropping has confirmed our original analysis that the graphite mineralisation extended, under cover, north east from the Syrah Resources deposits.

"The outcropping zone now provides the Company very clear and large drilling targets. Triton has scheduled to commence the drilling stage of the exploration program as soon as possible.

"It is an exciting time ahead for Triton, as work has also now commenced on the Ancuabe prospects."

He said the results are from a relatively small area of the total license areas held by Triton and the company is greatly encouraged by the results so far and we are hopeful of further positive results in the near future."

The work completed to date indicates that much of the graphite mineralisation in the AOI is under cover of alluvial soils.

Further work will be required to test the depth of the cover and the Company aims to undertake this work in the next exploration program.

To establish the extent of this mineralisation zone in the AOI, additional geological transverses completed across the AOI in a north easterly direction, along this corridor, have located extensive graphite outcropping inside the boundary of license application 5966.

The initial visual review of the outcrops shows potential medium and large flake graphite mineralisation.

Preliminary visual comparisons suggest that the graphite mineralisation located on License 5966, show a number of similar characteristics to those found at the Syrah Resources Ltd's Balama graphite deposits, which are located to the South West of this outcropping zone.

License applications

Triton also confirms receipt of the Official Provincial approval from the Pemba district office for license application numbers 5966 and 5934.

The company is actively liaising with representatives of the Mozambique Mines Department to ensure that these Licenses are dealt with in a timely fashion.

The work program has now progressed to the next stage with a focus on the Ancuabe prospect.

Next steps

Upon the granting of the Balama North License Triton will be able to obtain relevant samples from the outcropping for testing, in order to establish the quality and grade of the graphite.

Analysis

While early days Triton is off to a fast start with the discovery and that the graphite mineralisation has developed along the same sub-structure which extends in a north-east direction from the Balama East graphite deposit held by Syrah.

The potential is there with the outcropping found over a strike length of 3,750 metres. Even this is a relatively small area of the total license areas held by Triton.