Perth based Triton Minerals have again added to their high grade, large flake graphite armoury following on from successful metallurgical testing at the P66 zone within the Nicanda Hill prospect in
Former Fortescue Metals Group chief financial officer and director Chris Catlow has joined Subiaco-based Triton Minerals as its new chairman, with Alan Jenks stepping down from the head of the board to take on a director role today.
Shares in Subiaco-based explorer Triton Minerals skyrocketed on news it signed a $US2 billion ($A2.6 billion) offtake agreement with a Chinese company for graphite from its Mozambique project.
Shares in explorer Triton Minerals skyrocketed today on the back of a discovery its graphite resources can be converted into a wider range of more valuable products.
Subiaco-based explorer Triton Minerals has secured a funding facility of up to $20 million over two years with Lone Star Investments, to assist in the development of its Nicanda Hill graphite and vanadium deposit in Mozambique.
Owners of graphite stocks have enjoyed strong returns during the past year on the back of demand for the mineral's use in lithium ion batteries, however it is the potential to tap new markets that has some in the sector even more excited.
Michael Fotios, who made a fortune backing gold miner Northern Star Resources, is heading back to the stockmarket to tap into what he calls “a marked increase in investor interest over the last 3 months”.
Triton Minerals has appointed Anthony Baillieu as non-executive chairman, Alan Jenks as non-executive deputy chairman, and Jason Macdonald as non-executive director.