MRL Corporation (ASX: MRF) has started field exploration on initial targets at Wallagala in Its Warakapola graphite project, Sri Lanka, after executing land access agreements.
It has also started a preliminary environmental impact statement on the initial exploration target areas, which cover about 42 hectares.
The company is undertaking a Very Low Frequency Electromagnetics survey at 25 metre centres along transverse lines over the initial area of interest.
Once this surface exploration is completed, MRL will move to explore the existing underground workings in January 2014 following completion of safety assessments and the training of experienced underground crews.
Warakapola has extensive historical shaft and adit workings.
The company had previously said that it would seek to convert the licences at the Wallagala and Pandeniya locations from exploration to mining.
Sri Lanka hosts some of the world’s highest grade graphite – with the Kahatagaha-Kolongaha Graphite Mine in Sri Lanka producing more than 300,000 tonnes of graphite at grades of 90% or more since 1872.
This compares with the global average grade of 15% TGC.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.