Proactive Investors - Run By Investors For Investors

Lanka Graphite Ltd looks to take leading role in graphite industry in Sri Lanka

Lanka Graphite Ltd looks to take leading role in graphite industry in Sri Lanka

Lanka Graphite Ltd (ASX:LGR) has completed a feasibility study on development options for the vein graphite and graphene industry in Sri Lanka.

This could involve graphite assets owned by the government.

The feasibility study is a progression from the memorandum of understanding signed with the Sri Lankan government in December, 2015.

Next step would be a formal agreement with the Sri Lankan government.

Alongside the MOU, Lanka is progressing separate graphite projects to a drill-ready stage and is completing graphene research through a collaboration agreement with a university in Taiwan.

Recent geological mapping has identified economic vein graphite over three tenements in south-western Sri Lanka.

Detailed geophysical surveying is now planned to enable drilling plans.

Lanka Graphite was formerly MRL Corporation Ltd.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

View full LGR profile View Profile

Lanka Graphite Ltd Timeline

Related Articles

October 15 2018
KSZ holds potential for world class base and precious metals deposits
Gold ingots
February 09 2019
The Brett gold property, which the company bought for $1.6 million in 2013, is a potential multi-million ounce system with multiple high grade targets.
project area
October 10 2018
The company has identified extensive copper-nickel-cobalt mineralisation at the Mt Venn Project, outlined over several kilometres.

© Proactive Investors 2019

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