Graphite deposits identified

Mozambique’s mineral riches
continue to multiply, with
Australian company Triton
Minerals having announced
the discovery of “significant
concentrations” of graphite
during drilling at its Balama
North project, in the northern
Mozambican province of Cabo
Delgado.
Graphite is a key ingredient in
the manufacture of lithium ion
and other batteries used in electric
vehicles, and other applications
such as cellphones.
At present China dominates
the supply, and the discovery
of exploitable reserves in
Mozambique will reduce the
world’s dependence on the
element.
The Triton licence area is near
the high-grade graphite deposits
identified by a second Australian
company, Syrah Resources.