ASX ANNOUNCEMENT 31 MARCH 2015
Triton Minerals Ltd
ASX: TON
ABN: 99 126 042 215
Street address:
278 Barker Road
Subiaco
Western Australia 6008
Postal address:
PO Box 1518
West Perth
Western Australia 6872
Tel: +61 8 6489 2555
Fax: +61 8 9388 1252
Email: [email protected] Web:
www.tritonmineralsltd.com.au
Projects: Mozambique Balama North Graphite-Vanadium Ancuabe Graphite
Balama South Graphite
Holder of the world's largest known
combined graphite-vanadium resource.
TRITON FORMS STRATEGIC ALLIANCE
WITH AMG MINING AG
TMG
Triton Minerals Ltd (ASX: TON, Triton or Company) is pleased to advise that Triton has signed a binding agreement to form a strategic alliance with AMG Mining AG (AMG) through the AMG subsidiary of GK Ancuabe Graphite Mine, SA (GK).
Triton Minerals' Managing Director & CEO Brad Boyle said: "This is a significant partnership for Triton as we move ahead towards graphite production in Mozambique. AMG is highly regarded as one of the world's leading graphite companies and brings to the partnership a wealth of knowledge, experience and expertise in the graphite sector. AMG has recently taken the strategic decision to restart mining activities in the Ancuabe district of Mozambique.
We look forward to working closely with AMG and aim to jointly increase the known resource base in the Ancuabe district in the very near future."
The strategic alliance between AMG and Triton is for an initial exclusive period of two years during which the Parties will collaborate on the exploration, identification and development of graphite occurrences in the Ancuabe district, within the Province of Cabo Delgado in Mozambique.
The combined project area is located approximately 45km directly west from the Regional Capital and Port of Pemba with sealed road access to the town of Ancuabe (Figure 1)
GK's Mozambique assets include permitted mining concession 4C that encompasses a functional graphite producing plant (on care and maintenance) and associated mining and production infrastructure. Triton's exploration tenure completely surrounds this mining concession (Figure 2).
Figure 1. Overview of the Ancuabe project location map (outline blue box shows Figure 2 area)
Figure 2: Project location map of GK Ancuabe Mine and Triton's areas of interest
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Figure 3: TMG Conceptual Integrated Development Business Model
ABOUT AMG
AMG is a diversified "critical materials" company driven by global CO2 reduction trends. AMG produces highly engineered specialty metals and minerals products and provides related vacuum furnace systems and services to the aerospace, infrastructure, energy, and specialty metals & chemicals end markets.
The specialty metals and minerals products produced by AMG include aluminium master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal.
With over 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil, Turkey and Sri Lanka, and has sales and customer service offices in Russia and Japan (www.amg-nv.com).
CONCLUSIONS
Forming the strategic alliance with AMG provides Triton access to knowledge and expertise with respect to graphite production in Mozambique and potentially processing infrastructure and market access.
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Triton is working towards establishing TMG as a new global graphite-industry benchmark, by aiming to offer the world's lowest cost and most diversified graphite product range together with the surety of a long-term and reliable supply of high quality flake graphite.
PLEASE NOTE THIS ANNOUNCEMENT DOES NOT SERVE TO LIFT THE TRADING HALT IN THE COMPANY'S SECURITIES REQUESTED ON 30 MARCH 2015, WHICH WILL REMAIN IN PLACE PENDING A FURTHER ANNOUNCEMENT REGARDING STRATEGIC RELATIONSHIPS.
Regards
Brad Boyle
CEO & Managing Director
Triton Minerals Ltd
For further information, please contact:
Brad Boyle Michael Brady
CEO & Managing Director General Counsel & Company Secretary
Tel: + 61 8 6489 2555 Tel: + 61 8 6489 2555
Email: [email protected] Email: [email protected]
Competent Person's Statement
The information in this announcement that relates to Exploration Results on the Ancuabe project is extracted from the reports entitled ASX Release "Mozambique Projects Update" created 4 February 2015 and is available to view on www.tritonmineralsltd.com.au The reports were issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Forward-Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not necessarily limited
to, statements concerning Triton Minerals Limited's planned exploration program and other statements that are not historic facts. When used in this document, the words such as "could", "plan", "estimate" "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Triton Minerals Limited believes that its expectations reflected in these are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.
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