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Triton Minerals Transitioning From Graphite Explorer To Developer

Triton Minerals' (ASX:TON) chairman Alan Jenks has reflected over the past year's progress at a meeting of shareholders in Perth.

Jenks said that Triton is now transitioning from an exploration company to a development company and beyond.

"This places Triton in a unique position amongst graphite companies, whereby it has the potential to become a vertically integrated enterprise from mining, to processing, to value-added material production."

A little over 18 months ago, Triton was embarking on a maiden exploration drilling program at Cobra Plains.

Triton can lay cliam to posessing the world's first and fourth largest graphite resources at Nicanda Hill and Cobra Plains respectively, with flake distribution at Ancuabe.

In addition, it has a 20 year, 200,000 tonne per annum offtake agreement for TMG and the potential to become a vertically integrated graphite enterprise through implementation of the YXGC - Triton joint ventures in China and Mozambique.

The Nicanda Hill DFS work is progressing well and Triton is hopeful of releasing the results of the DFS before the end of 2015.

Further resource classification drilling is ongoing at Nicanda Hill, drilling at Ancuabe - with the aim of defining a maiden resource, metallurgical work in relation to TMG and vanadium, conducting pilot plant operations for TMG, test work in relation to spherical graphite and other enhanced graphite products and undertaking discussions with other potential end users.

Recent strategic alignments with AMG Mining (NYSE:AMG) and YXGC are value drivers for the company.

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