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.

View full BBR profile View Profile

Bora Bora Resources Timeline

Newswire
December 21 2016

Related Articles

Managing director Alex Molyneux
September 21 2018
The base metals-focused company was joined by new managing director Alex Molyneux on September 1.
1520397699_Capture.JPG---rvr.JPG
March 07 2018
Production at Thalanga is forecast to grow more than 50% between 2018 and 2019.
1513112117_pershing-jpeg.jpg
December 13 2017
The Toronto-listed firm's main asset is the Relief Canyon Mine in Pershing County, Nevada..

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

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