The Australian company Triton Minerals has identified new graphite outcrops in the Balama Norte area of a bloc in northern Mozambique’s Cabo Delgado province, the company indicated in a Thursday market report.
The director of Triton Minerals, Brad Boyle, said the graphite prospecting bloc was close to the graphite exploitation project of the likewise Australian company Syrah Resources, adding that he was happy to report positive news about the project to the market.
Exploratory drilling will begin next week, Boyle said. The company has meanwhile obtained from Mozambique’s Mineral Resources Ministry two new licences for mine exploitation in the Ancuabe region.
The drilling will help Triton Minerals better identify the location, depth, breadth and direction of the graphite deposits found. (macauhub)