The graphite market is poised for substantial growth. Chinese producers, who have typically produced 70% of global flake production, are experiencing supply pressure with diminishing reserves, lower grades, poor flake size and most significantly mounting environmental and legislative pressure from the Government. Technology and environmental concerns are key drivers of global market growth for the expandable graphite used in flame retardant building materials and the lithium ion battery market. Triton’s product quality is ideally suited to both these markets.
Triton’s primary strategic focus is production from its Ancuabe Graphite Project. Independent test work has demonstrated that Ancuabe’s large flake and high concentrate graphite is a key differentiator and is well positioned to be a market leader in the expandable market. The Company anticipates first production of graphite from Ancuabe in 2021.
Triton is also targeting commercialisation of its Nicanda Hill Project, the world’s largest combined graphite and vanadium deposit, located adjacent to Syrah Resources’ Balama project and ideally suited to the battery market, through a farm out or joint venture agreement.