Triton said it would now "accelerate discussions with sponsor banks" of its EPC contractor MCC International.
The ASX-listed company also said discussions with MCC indicate that the capex estimate is anticipated to be lower than the DFS estimate.
Triton has already signed a project investment, financing and offtake MoU with Qingdao Jinhui Graphite Co and various other MoU's for offtake and graphite product marketing.
Ancuabe has been assessed as a 60,000t per annum graphite in concentrate operation, generating average free cashflow of about $28 million per annum after tax.
Triton started the current quarter with just under A$800,000 cash.
Share in Triton were up 11% to 4.9c in morning trade, capitalising the company at $45 million.
