Environmental Studies Underway at Nicanda Hill
Perth, Nov 26, 2014 AEST (ABN Newswire) - Triton Minerals Ltd (
ASX:TON) (Triton, Company) is pleased to provide an update on the rapid advancement of the Nicanda Hill resource, located at its Balama North project in Mozambique.
With the receipt of the positive results from the independent Scoping Study for the Nicanda Hill resource, as released in an ASX announcement on 26 November 2014, the Company can now advise that it has formally engaged Coastal and Environmental Services (Pty) Ltd (CES), to provide Triton with assistance in the completion of the fundamental Environmental Management and Impact Assessment and to assist with the Mining License application for the Nicanda Hill resource, at the Balama North project.
Triton Minerals Managing Director Brad Boyle said "Triton is pleased to engage CES who are a professional team with direct experience with the Balama region and will provide fundamental assistance with environmental and social advisory services. The Company believes that with the help of CES, Triton will be able to develop the Nicanda Hill resource into a world class graphite mine, in an environmentally sustainable and socially responsible manner, which will be of great benefit to Mozambique and its people."
CES is a South African based company with operations based in South Africa and Mozambique. CES was established in 1990, to service a then fledgling market in the field of Environmental Management and Impact Assessment.
CES has grown steadily with the increased market demand for environmental and social advisory services, both in South Africa as well as in many African countries. CES is particularly active in the extractive industry, and in Mozambique, and specialises in the preparation of Environmental Social & Health Impacts Assessments (ESHIA) to Equator Principle standards.
The engagement of CES for environmental and social impact studies is just the first phase of the feasibility work to be undertaken by Triton at the Nicanda Hill resource.
In addition to the engagement of CES, the Company can confirm that it is in the final stages of the tendering process to engage parties to complete the process engineering and design and mine and transport infrastructure design work that will form the basis of a definitive feasibility study, which is estimated to be completed by the end of 2015.
About Triton Minerals Ltd
Triton Minerals Limited (ASX:TON) is an ASX listed, responsible mineral explorer and resource management company headquartered in Perth, Australia.
Led by a highly experienced management team, Triton Minerals' vision is to grow shareholder's value through discovery or development of base metal, gold and other precious metal deposits.
Triton has made excellent progress with its three Graphite projects located in the Cabo Delgado Province in Mozambique, with the program successfully identifying a number of graphitic exposures.
It is the Company's belief that the Mozambique, Balama North Project could host multiple and very substantial world class graphite deposits.
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