Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Australia's MRL Corporation finds high TGC graphite from Sri Lanka mines
Thu, Jul 17, 2014, 01:09 pm SL Time, ColomboPage News Desk, Sri Lanka.

July 17, Colombo: Shares of MRL Corporation, an Australian mining company exploring graphite in Sri Lanka, are expected to go up after the company revealed that the graphite found in its mines in Sri Lanka are of high-grade with up to 97.8% TGC (Total Graphitic Carbon).

MRL Corporation started coring activities at the first drill hole of its Pandeniya graphite project last month.

The graphite vein intersected last month in just the first diamond hole at interval 97.0m to 97.9m averaged 97% TGC with results TGC as high as 97.8% , the company said in a release.

Assays are from the Pandeniya - Priority 1 Area within the Warakopola Project Area in central Sri Lanka.

The significance of the results is that they confirm the presence of high-grade vein graphite within the first license to be systematically drill tested.

"The results confirm the presence of extremely high grade vein graphite within the Bopitiya / Pandeniya Priority 1 license,"Craig McGuckin, managing director said.

MRL Corporation signed a contract with Sri Lanka's Geological Survey and Mines Bureau (GSMB) last month for diamond drilling services at its Warakapola Pandeniya / Bopitiya graphite project.

The Australian mining company holds 6,300 hectares of Exploration Licenses that could potentially produce 5,000tpa of vein graphite and has applied for further exploration areas surrounding its granted licenses.

Sri Lanka is known as the only major producer of crystalline vein Graphite (or lump Graphite) - the highest quality of naturally occurring material in the world. The purity level of vein Graphite produced in Sri Lanka is in excess of 90% carbon and hence requiring very little upgrading and processing to produce a high quality saleable product, leading to low operating costs and high profit margins.

ColomboPage - Recent 10 Stories
Sri Lankan PM reveals how Tourist Board funds were used for polls in Uva by previous regime
-- [39 minutes ago]
Peace walk from North to the deep South in Sri Lanka to build reconciliation
-- [1 hour and 55 minutes ago]
Trade agreements needed for Sri Lanka's economic survival - official
-- [2 hours ago]
Wild elephant attack kills two including child in Sri Lanka
-- [3 hours ago]
Pakistan expresses commitment to strengthen relations with Sri Lanka
-- [3 hours ago]
Sri Lanka Navy arrests 10 local fishermen engaged in illegal fishing using banned nets
Sri Lanka national security think tank collaborates with top regional think tanks to improve regional security
Lower court terminates case against MP Hirunika Premachandra and others as charged filed in High Court
Sri Lanka's 'Battle for Solar Energy' to begin next month
Taranjit Singh Sandhu next Indian High Commissioner to Sri Lanka

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.