Great news once again and today’s announcement is mainly about jumbo flake. I’ve just marked some points in "bold and underlined" below which struck me.
P66 could be a potential game changer just like Ancuabe.
“As a result of the current Definitive Feasibility Study (DFS) drilling program, the Company has identified a substantial jumbo flake graphite zone at Nicanda Hill - known as “P66”.
This new graphitic zone is in addition to the initial JORC 2012 compliant graphite resource as declared in 2014.
Triton has now completed a number of additional drill holes both north and south of the original P66 intersection, which have confirmed the continuity of jumbo flake graphite mineralisation over a considerable distance.
Based on the previous strong correlation demonstrated between the VTEM anomalies and the associated graphite drill intersections at Nicanda Hill, Triton is confident that the correlation will continue at the P66 zone, which could amount a substantial mineral resource of jumbo flake graphite.
The geometry of the new graphitic zone is yet to be fully defined and additional exploration work and drilling will be completed by Triton in order to obtain a better understanding of the true dimensions of the P66 graphite zone and to define a mineral resource"
So, we await in the time to come to see how substantial the P66 resource would be, and there would likely be more good news to come in future. Huge news for us and as the announcement says, we now have even more opportunities to expand the TMG product range.
DFS is also progressing with targeted completion by end of 2015 still on.
@Rat1973 has raised some great points as always
Rat1973 on Possible hint that TON could be 1st to produce in some capacity
http://hotcopper.com.au/threads/ann...nicanda-hill.2582825/page-12?post_id=15891252
Rat1973 on Debt funding
http://hotcopper.com.au/threads/ann...nicanda-hill.2582825/page-24?post_id=15891498
http://hotcopper.com.au/threads/ann...nicanda-hill.2582825/page-32?post_id=15891639
We’ve discussed before that TON could have various potential sources of funding.
http://hotcopper.com.au/threads/potential-funding-sources.2574148/?post_id=15822388
TON management are not stupid to go in for massive equity dilution at these ridiculous prices. These were similar concerns (expressed by "concerned" non holders ) when TON was around 15c in March and just see where we reached in just a few weeks then.
TON is one of the most de-risked companies as explained in detail here, last week
http://hotcopper.com.au/threads/ton-overview-aug-21.2577980/?post_id=15853778
Our story keeps getting better and better by the day, and glad to see that management are focused as ever.
We’ve been saying since long that there is a lot of news in the pipeline and we can see how bit by bit, a lot of good news is coming up (battery grade spherical graphite, possibility of initial income stream and funding through China JV, high profile ex Big 4 accounting firm head joining us and now the latest jumbo flake announcement).
Rome was not built in a day. Our time will come.
@Names little – I’ve always wanted to ask you whether the deck that you and your dog sit on, was made of TMG graphite? If so, then can we now say that we have jumbo deck?
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