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 Lanka regulator bans Lanka Rating from issuing credit ratings
-- [8 hours ago]
Afghan Culture Minister leaves for Sri Lanka
-- [8 hours ago]
Sri Lanka Election Chief prepares districts secretaries for elections
-- [9 hours ago]
Sri Lanka's income at Kunming Fair in China surpasses $ 2 million
-- [9 hours ago]
Former parliamentarian Rukman Senanayake to contest from Kegalle under UNP
Sri Lankan nabbed for attempting to smuggle over Rs. 11 million worth foreign currency
Sri Lankan President sets first challenge for new parliament
Protests organized against former Sri Lankan President's nomination
Former Sri Lankan President announces intention to contest elections
Colombo-Dubai flight lands in Mumbai after Sri Lankan passenger fell ill

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.