MRL Corporation (ASX:MRF) recently made the application for an additional 367, 1 square kilometre graphite licences in Sri Lanka, 18 of which have now been approved.
All applications lie in proven graphite provinces with workings dating back in excess of 70 years.
The Pujapitiya project area, where the initial claims have been secured, is south of the government owned Kahatagaha / Kolongaha Mining Operations, and hosts prolific remnant graphite at surface with numerous abandoned underground shafts.
During the preliminary site visits several thin graphite veins were visible in the roadway and hillside cuttings, with minor veining visible in the mine shaft entrance.
Geological mapping continues on selected priority grids and is expected to be completed in the coming days.
Further geophysical surveys in combination with results from underground exploration will determine priority drilling locations.
An underground mining crew has been employed to commence entering priority workings at Wallagala in late January.
If commercial thickness veins are encountered, the mine entrance will be secured with the view of potential early entry production.
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.