The Ancuabe Project is in the proven graphite region of Cabo Delgado in north eastern Mozambique. Compared to all other ASX listed graphite projects in East Africa, the Ancuabe project is located closest to existing infrastructure and an operating container port.
Ancuabe is located adjacent to the producing AMG Graphit Kropfmuhl (GK) graphite mine and nearby villages that provide a motivated local workforce. The project is only 80kms by sealed road from an operating container port in Pemba, with access to existing transport and power infrastructure and supportive local and national governments.
In December 2019 Triton announced the completion of the $19.5 million investment by Jinan Hi Tech (“JHT”) which saw Triton receive funds of $8.5 million to commence early construction activities at the Ancuabe Graphite Project. JHT now holds a 34.01% interest in Triton Minerals.
Construction at Ancuabe of a simple modular design plant is expected to commence in 2020 with first production late in 2021.