Mozambique has granted Triton Minerals, an ASX-listed company, a 25-year mining licence for its Cobra Plains graphite project.
The company previously possessed an exploration licence for the Cobra Plains project and had submitted a request to extend or alter the license.
It said the consultation process had yielded a far more advanced and profitable mining concession.
“The grant of the Cobra Plains mining concession, with its large-scale 5.7-million-tonne contained graphite resource, means that Triton now owns two globally significant graphite resources with a diversified mix of flake sizes that can be applied towards a range of applications from batteries to expandable graphite for building materials,” said Triton executive director Andrew Frazer.
He said the granting of the mining concession expands the company's portfolio of graphite properties in Mozambique and enhances the project's value proposition as they continue funding conversations for the Ancuabe graphite project.
Cobra Plains contains an existing resource of 103 million tonnes including 5.7 million tonnes of graphitic carbon.
The project site is 10 kilometres from Syrah Resources' Balama graphite project.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
