The graphite mineralization was identified as a part of the initial reconnaissance exploration program, which also located the presence of vanadium hosting roscoellite.
Triton managing director Brad Boyle said: "This initial small exploration program was about a proof of concept that the Balama South project was a long strike potential from our key Balama North project."
The outcropping zone provides Triton Minerals with clear exploration target areas in the project.
Triton Minerals said: "There are a number of physical similarities between the graphitic outcropping seen at both the Balama North and Balama South projects.
"This would suggest that there is a strong possibility that the graphite mineralisation seen at the Balama South project, may have developed along the same sub-structure which extends in a north-east direction to the Company’s key Balama North graphite project some 30kms away."
Exploration activities, including additional geological transverses and mapping will be carried out to delineate and refine the potential drill target areas and confirm the graphite mineralization zones in the Balama South project.
Triton selected Geotech Airborne to complete a helicopter-borne geophysical survey of VTEM Plus and magnetic gradiometer on the Ancuabe and Balama South projects. The surveys are expected to be completed by late September 2014.
