The study was conducted based on a 51-million ton indicated resource, grading 12.4% graphitic carbon for contained 6.3 million tons graphite.
The project is identified as a low technical risk, economically robust and commercially viable graphite project.
It would require a capital investment of around $110m with payback period within less than 12 months of commission.
The free-on-board cash costs are estimated at $315 per ton on an average.
Production of flake graphite concentrates is scheduled to begin in 2017 with an initial life of mine of 30 years.
Triton managing director and CEO Brad Boyle said: "On-going feasibility work is anticipated to improve the project economics as the higher grades identified by drilling to date will be defined with greater confidence and expanded.
"More comprehensive metallurgical studies, which will form part of the future feasibility program, combined with additional resource drilling may identify an alternate and improved development route."
In a separate statement, the company said it approached Coastal and Environmental Services, to assist it in completing the environmental management and impact assessment to proceed with mining license application.
