Triton is an emerging graphite producer with three world class assets in Mozambique, including the flagship, premium large flake , high purity Ancuabe project located just 45km from the port of Pemba in the only proven graphite region in East Africa and the world’s largest Graphite/Vanadium resource Nicanda Hill located adjacent to the Syrah operating graphite facility.
The Company has commenced development works at Ancuabe, which is located in a proven graphite region and is closest of all East African graphite companies to port and infrastructure, and is forecast to come into production in the first half of 2020. The Company completed a DFS in December 2017 for a 60ktpa high purity, large flake product from Ancuabe which demonstrated an unleveraged pre-tax NPV of US$298m based on pre-production CAPEX of US99.3m. for supply into the high value graphite markets of expandable graphite and refractories. MCC International has been appointed EPC contractors and have provided a LOI for EPC financing of at concessional rates. Binding Offtake agreements have been signed for in excess of 50% of the production of Ancuabe.

The Nicanda Hill project contains the largest graphite and vanadium resource globally with 1.4Bt at 11.1% Total Graphitic Carbon (TGC) and 0.29% V2O5. And is looking to enter into a joint venture for the development of this asset.

Triton is ideally positioned for the forecast growth in the expandable graphite (for flame retardant building materials as highlighted by the Grenfell fire in 2017) and the battery markets which are expected to have some of the highest growth rates in demand over the coming decade.