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* Australian mining company acquires stake in Sri Lanka graphite mine
Tue, Jun 24, 2014, 11:47 am SL Time, ColomboPage News Desk, Sri Lanka.

June 24, Colombo: Bora Bora Resources Limited, an Australian graphite exploration company, has entered into a binding Heads of Agreement that places the company on the fast track to potential commercial graphite and graphene oxide production in Sri Lanka.

The company in a stock market disclosure said it will acquire a 50% interest in RS Mines (RSM), which owns the producing Queens Graphite Mine and associated graphene oxide production facilities.

The mine is located just 2 kilometers from the Kahatagaha Graphite Mine in central Sri Lanka that is surrounded by its Matale Graphite Project.

Full report of the Bora Bora acquisition

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