Triton Minerals gains support from Mozambique government

2022-09-12 12:06:47 By : Mr. David Shao

Triton Minerals has released an update on the company’s recent visit to Mozambique for a number of high-level meetings with government officials including the Director General of INAMI (National Mining Institute) with respect to the development of the Ancuabe Graphite Project.

The Company reiterated its commitment to the development of the Ancuabe Project and expressed its gratitude to the Ministry of Mineral Resources & Energy and INAMI for their support and guidance. As part of these meetings with the Government, discussions were held with respect to the potential reinstatement of Nicanda Hill. Triton reports that recent actions carried out by the government of Mozambique and its regional and international partners are already seeing an improvement in the security status and stability in the Cabo Delgado province, which is evidenced by a reduction in security incidents and also the return to operations in the district.

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Triton Minerals also met with a number of other government departments and agencies including CFM Mozambique Ports and Railways the operator of Pemba Port, Environmental Ministry, Lands & Resettlement Departments and the state owned energy company EDM, providing for progress on a range of matters related to the development of Ancuabe. In addition, the company was able to meet with a number of regional funders, contractors and potential offtake partners, from which encouraging progress was made in relation to the establishment of alternative funding mechanisms for the development of Ancuabe.

The company has also appointed Peng (Rod) Zhang as a Non-Executive Director. Zhang, who holds an MBA and is a certified economist in China, is Director and Deputy General Manager of Shanghai Stock Exchange listed Shandong Yulong Gold Co, Ltd and Chairman of Australian Gold Producer, Minjar Gold Pty Ltd. He has extensive experience in investment and funding and has been instrumental in securing funding for Minjar Gold, including for its successful acquisition of the Barto Gold Mining Project. He has previously held the positions of Director and Deputy General Manager of Jinan High-tech Development Co. Ltd. Zhang replaces Chengdong Wang.

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