Triton Minerals (TON) has appointed a Mozambique-based engineering company to help develop two flake graphite projects in the Ancuabe region.
It is SDS, Soluções de Desenvolvimento Sustentável and the agreement aims to accelerate the progress of its Ancuabe and Cobra Plains projects in Mozambique.
According to the Herald Sun website, SDS will help Triton with stakeholder engagement, strategic advice, management advice, assistance with compliance activities and general project development.
According to the source, the company offers diversified engineering and construction solutions and also specializes in water sanitation. SDS will specifically analyze the legal documents to ensure that they are in harmony with Mozambican law.
Although the agreement was signed at the end of September, SDS has been assisting Triton since July, the company announced today.
Overall, the contract is worth 1 million dollars.
Cobra Plains was granted a multi-decade mining right by the country's Minister of Energy and Resources in August. Plains has an inferred resource of 5.7 million tons of graphitic carbon.
It should be noted that the Ancuabe project has a mineral resource of 46 million tons with 6.6% of total graphitic carbon, supported by a definitive feasibility study (DFS).
Triton intends to produce graphite concentrates from Ancuabe for sale on global markets.
"The next 18 months are expected to be crucial in Triton's journey to becoming a graphite producer and we are excited to have SDS helping us as we work tirelessly to create value for our shareholders," said TON CEO Andrew Frazer as quoted by the same website.
We were extremely impressed with SDS's experience and strong networks in Mozambique. SDS has experience with a number of resource and infrastructure projects that we believe will greatly assist Triton as we continue to progress the development of our world-class graphite projects.?