Triton Minerals (ASX: TON) has started the highly anticipated third phase of drilling that is focused on the southern portion of the Nicanda Hill prospect in the Balama North graphite project in Mozambique.
Initial drilling at the prospect had intersected near surface high grade material of up to 28.6% graphite, higher than the grades identified in the Cobra Plains deposit.
The graphite flake size at the Nicanda Hill prospect also appears to be generally larger in size when compared to the Cobra Plains deposit.
Reverse circulation and diamond drilling at Nicanda Hill will enable the company to better understand the location, width, depth and grade of the identified graphitic zone in the Nicanda Hill prospect.
This is expected to delineate a significant high grade resource with further exploration over the known 3.75 kilometre strike length of graphite schist at Nicanda Hill.
Balama North Graphite Project
Triton's metallurgical test work on samples from the Cobra Plains deposit at its Balama North Graphite Project in Mozambique have returned total carbon recovery of 96%.
This has produced a concentrate with weighted average total graphitic carbon of 94.5% including a high of 97.1%.
In addition, the testwork found that the graphite is readily liberated by crushing, grinding, rougher and cleaner flotation with regrind.
Cobra Plains has an Inferred Resource of 103 million tonnes at 5.52% graphitic carbon, making it the fourth largest graphite deposit by tonnage in the world.
Triton is reviewing options to see if the concentrate can be further upgraded using supplementary treatments.
Balama North is located along strike to Syrah Resources' (ASX: SYR) massive Balama East Deposit, which is acknowledged as the largest known graphite deposit in the world. Construction at Balama East is expected to start once the wet season ends about April 2014.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.