Successful Commercial Manufacture of Enhanced Graphite Products Using TMG Concentrate
Perth, Oct 7, 2015 AEST (ABN Newswire) - Triton Minerals Limited (
ASX:TON) is pleased to announce the successful trial commercial-scale production of high strength composite graphite materials and fire resistant polystyrene foam, using TMG (Triton Mozambique Graphite) concentrate from Nicanda Hill, at the Yichang Xincheng Graphite Co., Ltd (YXGC) factory during September 2015.
Highlights:
- Successful commercial production trials using Nicanda Hill concentrate (TMG100)
- High strength composite graphite sheets produced
- Fire-resistant graphitic insulating foam produced
Triton's CEO & Managing Director Brad Boyle said: "Triton is pleased to confirm the successful manufacture, of the first of a broad range of enhanced graphite products using graphite concentrate sourced exclusively from Nicanda Hill.
Earlier this year Triton executed a 20 year off-take agreement with YXGC, worth US$2 billion and joint ventures for factories in China and Mozambique to produce enhanced graphite products. These successful production trials represent another important milestone in demonstrating the commercial viability of TMG and validating Triton's vertically-integrated business model.
TMG has now produced a full range of high grade flake graphite concentrates, graphite composite material, graphite sheets and foils, spherical graphite and graphene. This places Triton in a unique position to supply a broad and diverse market.
Triton currently has the largest known graphite-vanadium deposit in the world, which provides longevity and certainty of supply. We are confident that the high quality of TMG and the support of the Mozambique Government will allow Triton to rapidly advance towards production."
Chairman of Yichang Xincheng Graphite Co. Ltd. Mr Yue Bin said:
"We are delighted with the progress to date and the strong positive results achieved at our factory with the production of the high quality TMG products. The long term supply of high quality TMG afforded by Triton will allow both Triton and YXGC to develop and prosper from a broad range of competitively priced enhanced graphite products destined for the diverse global markets."
Enhanced graphite products such as composite sheeting and expanded graphite foil attract prices of up to US$50,000/tonne with the main uses being as formed thermal insulators such as gaskets, fire door seals, electronic parts and battery heat shields.
YXGC sells a full range of expanded graphite products into an existing Chinese market with over local 130 clients and across the globe into 20 different countries to a diverse range of external clients in the electronics, battery, automotive and building sectors.
Triton aims to produce high quality graphite concentrates in a full range of flake sizes from both Nicanda Hill and Ancuabe graphite projects. Triton will continue to work with YXGC to refine the production process and explore further options to expand the uses and cultivate new products from TMG.
TMG PRODUCTS
The successful production of TMG products demonstrates the high quality of TMG. Triton continues to rapidly establish itself as a market leader with the ability to produce high quality graphite from two superior quality projects, from the world's largest known high grade graphite deposit at Nicanda Hill and from the renowned Ancuabe area which is known for the world's best quality and flake graphite distribution.
TMG is sourced from the Nicanda Hill and Ancuabe projects which are both located in northern Cabo Delgado province of Mozambique. TMG is unique, as the graphite readily liberates to very high purities through traditional flotation methods. Both Nicanda Hill and Ancuabe graphite concentrates have achieved the highest levels of quality and purity without the need for chemical leaching, thus reducing the overall production costs and increasing TMG product options.
The demonstrated high quality of TMG provides the flexibility to customise and produce a broad range of graphite concentrates and enhanced products for a diverse global market, as shown in Figure 3 (in link below).
SUMMARY
The commercial scale production of the TMG products demonstrates the unique quality of TMG and provides Triton with the ability to produce a wide range of high quality graphite products, including a full range of high grade flake graphite concentrates with purities of up to 99% TGC, graphite composite material, graphite sheets and foils, spherical graphite and graphene, to cater for a globally diverse range of end users.
Triton is moving closer to its goal of vertical integration and establishing TMG as the global graphite-industry benchmark, by aiming to offer the world's lowest cost and most diversified graphite product range together with the longevity of a reliable supply of premium quality flake graphite.
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-736468.pdf
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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