The option is with Mozambique company Mineral Stream Limitada, which is the holder of eight graphite prospecting licenses, three of which are granted.
These graphite licenses are located next door to Triton's existing Balama and Ancuabe projects, and therefore have the potential to increase the possibility of locating good graphite mineralisation in the region.
Brad Boyle, managing director, commented: "We feel it is a great opportunity for the company to review, consider and potentially acquire more land in the highly prospective region for flake graphite in both the Balama and Ancuabe areas in the Cabo Delgado Province.
"The location of further graphitic exposures on License 5577, continues to support the company's original interpretation of the Balama area and we feel increases the potential of good graphitic mineralization on the Balama South project."
More graphitic exposures found
Triton said that the initial review of the Mineral Stream licences has identified granted License 5577 as a highly prospective for graphite mineralisation, given it is located just north of the company's Balama South prospect and situated south west of Syrah Resources (ASX: SYR) Balama graphite deposit of 1.15 billion tonnes.
The company confirms initial inspections of graphitic exposure locations, which were originally identified by Mineral Stream, as MS001 and MS002 have now been completed.
A brief site visit has idenitifed multiple graphitic exposures, including outcropping which has a strike length of around 100 metres along a creek and being located just off the main road.
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.