The company confirmed additional assay results for RC drill holes GBNC0004 to GBNC0009.

Triton Minerals managing director Brad Boyle said: "The identification of even more high grade zones to the west of the orginal HG1 zone, whilst maintaining an overall average of 11% graphite carbon, is a very encouraging result for the company."

"Further, the drilling has also expanded the horizontal width of the graphite mineralization zone to an exceptional 1,000m," Boyle said.

Significant intersections include 34m at 9.5% graphite carbon (GrC) in GBNC0005, 80m at 10.3% GrC in GBNC0006, 24m at 12.2 GrC in GBNC0006, 30m at 11.6% GrC in GBNC0006, 24m at 9.1% GrC in GBNC0007, and 16m at 10.3% GrC in GBNC0009.

The company said that the second diamond drill rig has arrived, and it will provide additional support in the current drilling program at Nicanda Hill.

Drilling underway at Nicanda Hill will focus on testing the continuity of the multitude of interpreted high grade zones, the company said.

Additional holes are being planned to the northwest of GBNC0016, to close-off the graphite mineralization zone on N2 drill line.