Triton Minerals Ltd.: Provisional Environmental Licence Granted for Ancuabe Graphite Project
(firmenpresse) - PROVISIONAL ENVIRONMENTAL LICENCE GRANTED FOR ANCUABE GRAPHITE PROJECT
- Ancuabe development accelerates with receipt of Provisional Environmental Licence
- Receipt of Provisional Environmental Licence within six months of application highlights Tritons permitting expertise, positive engagement with stakeholders, and supportive government in Mozambique
- Application process for construction permit is well advanced and environmental licensing is a critical step for approval to commence construction
- Construction expected to commence in the second half of 2018, with first graphite production targeted for the second half of 2019
12 June 2018, Triton Minerals Limited (ASX: TON, Triton or the Company) is pleased to announce that its Mozambique subsidiary Grafex Limitada has received its Provisional Environmental Licence (Licença Ambiental Provisória) from the Ministry of Lands, Environment and Rural Development (MITADER) for the Ancuabe (Upulo) Graphite Project.
Receipt of the Provisional Environmental Licence is a significant and positive step in the development of the Ancuabe Graphite Project:
- The grant of the Provisional Environmental Licence is the precursor for the receipt of the final environmental licence that completes the environmental approvals process.
- As the review period for the Environmental, Social and Health Impact Assessment(ESHIA) application has passed without any objections, there are no anticipated impediments to receiving final environmental licence.
- Triton can now apply for the construction permit, required for the mine, plant and infrastructure.
- Once the construction permit and final environmental licence are granted, Triton will have in place all the critical permits required to complete full construction of Ancuabe.
- A mining concession for Ancuabe is expected to be issued in the near term. However, it is not required to be granted until mining operations commence (anticipated in the second half of 2019).
Triton Managing Director Peter Canterbury said:
This is a major milestone in the development of the Ancuabe Graphite Project, which paves the way for final construction approvals.
The grant of the Provisional Environmental Licence comes at a timely stage as we progress early works and move toward construction of the raw water dam.
Receiving the Provisional Environmental Licence within six months of submission is testament to the success of our project team and Mozambique management and their tireless commitment to Ancuabe. Through the ESHIA process, Triton has developed strong relationships with local communities, and we will continue to work closely with local stakeholders as Ancuabe progress through to production.
The efficiency of the environmental application process also demonstrates the commitment of the Government of Mozambique to support the development of its natural resources to promote local employment in a sustainable manner.
This is an exciting time for Triton with multiple development activities underway, including early works, finalisation of EPC tenders, and development financing.
I look forward to updating the market in the near term as further development milestones are achieved.
Enquiries-
Peter Canterbury
Managing Director
info(at)tritonminerals.com
+61 8 6489 2555-
David Edwards
CFO/Company Secretary
dedwards(at)tritonminerals.com
+61 8 6489 2555
Contact Details (Australian Office)-
10 Outram Street
West Perth 6005-
Forward-Looking Statements
This release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Triton Minerals Limiteds current expectations, estimates and assumptions about the industry in which Triton Minerals Limited operates, and beliefs and assumptions regarding Triton Minerals Limiteds future performance. Words such as anticipates, expects, intends, plans, believes, seeks, estimates, potential and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only predictions and not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Triton Minerals Limited. Actual values, results or events may be materially different to those expressed or implied in this release. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this release speak only at the date of issue of this release. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Triton Minerals Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this release or any changes in events, conditions or circumstances on which any such forward looking statement is based.
Actual values, results, interpretations or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements in the announcement as they speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, Triton Minerals Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward-looking statements is based.
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