Sign up Australia
Proactive Investors - Run By Investors For Investors

Bora Bora Resources gets busy at Sri Lanka graphite licences

Bora Bora Resources gets busy at Sri Lanka graphite licences

Bora Bora Resources (ASX: BBR) has received all approvals to proceed with its planned airborne electromagnetic surveys across the Matale Graphite Project and North and South Paragoda Projects in Sri Lanka.

Sri Lanka hosts some of the world’s highest grade graphite – averaging 90% total graphitic carbon (TGC). The global average grade is 15% TGC.

These projects are located 25 kilometres south of the Kahatagaha-Kolongaha Graphite Mine in Sri Lanka, which has been in production since 1872 and produced more than 300,000 tonnes of graphite at grades of 90% or more.

Bora Bora has commissioned Geotech Airborne Limited to fly a minimum of 220 square kilometres of Versatile Time Domain Electromagnetic (VTEM) surveys across the Projects.

The survey is expected to begin in two weeks.

Sri Lanka historically has never been explored using modern exploration techniques, giving the company first mover advantage in a geological setting with the highest known grades of graphite in the world.

The company holds close to 200 square kilometres of exploration licences in Sri Lanka.


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.

Register here to be notified of future BBR Company articles
View full BBR profile View Profile

Bora Bora Resources Timeline

December 21 2016

Related Articles

Pioneer Resources: Access latest PPT from Proactive's CEO Sessions
David Crook talked cash from caesium with investors.
picture of Finland
January 17 2017
Rompas-Rajapalot is a relatively new discovery, but the potential is there for it to become a major gold ‘address’
March 23 2017
Having both lithium and graphite resources places Noram at a considerable advantage in the lithium-ion battery sector.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use