Lanka Graphite holds seven granted licences and licence applications in south-western and central Sri Lanka covering a total of more than 240sq km.

The licences, comprising EL266, EL267, EL268 are prospective for exceptionally high-grade graphite. Lanka Graphite has reported assays from vein graphite rock and powder samples taken from EL266, 267 and 268 which returned exceptionally high grades of more than 99 per cent total carbon (TC), indicating that the product is suitable as premium battery-grade graphite.

Geological mapping undertaken by LGR has identified more than 50 existing pits, shafts and adits, and highlighted structural and lithological trends that may be related to vein graphite mineralisation. Very low frequency (VLF) electromagnetic surveys have also suggested the presence of untested graphite mineralisation, and these results, together with mapping, will help LGR prioritise areas for follow-up testing.

Geological model

Sri Lankan graphite generally occurs as high-purity veins (>95%), ranging in thickness from veinlets less than 1mm thick to massive veins more than 1m thick. The veins are usually located in the hinge zones of antiforms within highly metamorphosed, granulite facies, rocks of the Precambrian Basement terrain that underlies much of Sri Lanka.

Given that Sri Lanka was previously a major world supplier of high-quality vein graphite, extensive mining and prospecting for graphite occurred in the country over the past two centuries. Existing shafts, adits and prospecting pits are therefore a common starting point for present day exploration.

Location

The project tenements (both granted and pending applications) are spread over a large part of south western and central Sri Lanka. Currently the Company holds 5 granted licenses and 3 license applications. Details of each of these Exploration Licenses and Applications are illustrated below.

Access & Infrastructure

The project tenements are strategically located with direct access to infrastructure. All Exploration Licences are accessed by a combination of primary, secondary and tertiary roads and tracks. Power lines and water is found nearby the tenements making it accessible for mine ore processing. The tenements are within close proximity around 120 km from ports enabling easy access for exporting. The port of Colombo is the only port in the South Asia region with a deep water terminal. On the south west coast there are ports of Hanbantota and Galle.

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EL 236

Site visit to Exploration Licence EL236 area shows a number of flooded vertical shafts and samples of flake graphite were observed close to the shafts.

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EL 237

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EL 236

Site visit to Exploration Licence EL236 area shows a number of flooded vertical shafts and samples of flake graphite were observed close to the shafts.