Mozambique: 'Tremendous Progress' Claimed in Graphite Project

Maputo — The Australian company Triton Minerals, which is exploring for graphite in the northern Mozambican province of Cabo Delgado, declared on Friday that it is "extremely pleased and encouraged by the tremendous progress that has been achieved in the development in 2013 of the Balama north project".

"The outstanding exploration and drill results at both the Nicanda Hill and Cobra Plains prospects continue to support Triton's interpretation and belief that the Balama North project has the potential to host multiple world class high grade large flake graphite deposits".

In an Australian stock exchange announcement, Triton said it expects "to complete a resource definition and refined scoping study for the Cobra Plains prospect by no later than mid-2014".

The initial reconnaissance mapping programme at Balama North began in March this year, and extensive graphite outcropping was identified over 3.75 kilometres in the license area known as the Nicanda Hill prospect.

Substantial graphite mineralization was identified at the adjacent Cobra Plains prospect as from July. Significant amounts of vanadium were also identified in this area.

In November "large flake high grade graphite was identified in surface rock chip samples taken from the Nicanda Hill prospect", and "graphite mineralization was demonstrated over a zone that extends more than 10 kilometres on the Nicanda Hill and Cobra Plains prospects".

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