Triton Minerals: Re-commits to developing Ancuabe project in December quarter

Triton Minerals Re-commits to developing Ancuabe project in December quarter

• Triton Minerals (TON) over the December quarter recommitted to developing its Ancuabe graphite project in Mozambique
• The company plans to update a 2017 definitive feasibility study (DFS) while also gaining other approvals for the project
• The 2017 study recognised the project as a “globally significant” graphite development project, with returns of US$298 million (A$423 million), over a 27-year life and a payback period of 3.7 years
• During the quarter, Triton received further granted approvals for a cornerstone investment of $5 million from Shanghai-listed Shandong Yulong
• Shares in Triton were last trading at 3.7 cents at 3:13 pm AEDT