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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.

 

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