The company currently holds 49% stake in the joint venture project with Grafex. Triton Gold has plans to visit the site in February 2013 to review access, local infrastructure and facilities and to liaise with the local mining service providers to begin the first phase of the exploration program on the project.
Triton also stated that the funding arrangements for the project are well advanced and would be finalised soon.
Triton managing director Brad Boyle said granting of the licenses will allow Triton to advance the commencement of the first phase of the planned exploration program.
"The Company is also excited about the opportunity to acquire further land over the large amonalous zones, previously identified by Triton during the review period," Boyle added.
"The current Joint Venture Exploration Licenses cover approximately 920 square kilometres, some nine (9) times the size of the land held by Syrah Resources Ltd (ASX: SYR) in the Cabo Delgado Province and any additional land acquired by Triton, will give the Company further access to more prospective land and thus increasing the possibility of locating good graphite mineralisation in the region," he added.
