Triton Minerals accelerates development of mining project in Mozambique

2 March 2016

Australia’s Triton Minerals, which owns mining concessions in Mozambique, will accelerate the development of the Ancuabe project at the expense of Balama, the company said in a statement issued in Perth.

The announcement is based on the fact that the Ancuabe concession is located less than 50 kilometres from the deep water port of the city of Pemba, which has a container terminal in operation, good infrastructure and reduced costs for a mining operation.

The decision follows on from an evaluation that the company has been conducting on graphite and vanadium exploration projects as well as on the new focus decided by the new chief executive and managing director, Garth HIggo, to focus on the Ancuabe project.

The company also said that the good results of the assessment to date from just 10 percent of existing deposits in Ancuabe as well as metallurgical analysis mean that a work schedule will be drawn up before carrying out a definitive feasibility study. (macauhub/MZ)