Perth based leading graphite hopeful Triton Minerals moved a step closer to full vertical integration and commercialization this week.
In conjunction with Chinese off take partner, Yichang Xincheng Graphite Co, Triton successfully converted raw graphite product from its Nicanda Hill project in Mozambique into finished products such as composite graphite sheets and fire proof polystyrene insulating foam.
The trial was conducted at Yichang Xinchen’s graphite factory in China in September.
Yichang Xincheng Graphite Co recently signed a 20 year off take agreement with Triton worth about $2b.
According to the company, enhanced graphite products such as composite sheeting and expanded graphite foil attracts prices of up to US$50,000/tonne with the main uses being as formed thermal insulators such as gaskets, fire door seals, electronic parts and battery heat shields.
Yichang Xincheng Graphite Co are already a leading supplier of finished graphite products with over 130 Chinese based clients currently and customers in around 20 different countries around the world. They sell electronics, battery, automotive and building related products into those markets – all of which require graphite.
Chairman of Yichang Xincheng Graphite Co. Ltd. Mr Yue Bin said:
“We are delighted with the progress to date and the strong positive results achieved at our factory with the production of the high quality TMG products.”
“ The long term supply of high quality TMG afforded by Triton will allow both Triton and YXGC to develop and prosper from a broad range of competitively priced enhanced graphite products destined for the diverse global markets.”
Graphite and graphene in particular are fast obtaining a name as a wonder product in the international market with a plethora of every day uses.
As the owner of the largest known graphite deposit in the world and with a 20 year off take agreement already in place, Triton looks set to become one of the few mining hopefuls around that are in danger of actually making some money for their shareholders sometime soon.