- Ceylon Graphite (CYL) announces a new graphite vein discovery and provides an operational update
- The company discovered the veins while drilling at its H1 site and samples have been sent for testing
- The company will be presenting at the Mines and Money Online Global Conference from March 23-25, 2021
- Ceylon Graphite is in the business of mining for graphite and developing and commercializing graphene and graphite applications and products
- Ceylon Graphite (CYL) is up 3.85 per cent and is currently trading at C$0.27 per share
Ceylon Graphite (CYL) announces a new graphite vein discovery and provides an operational update.
The company discovered the veins while drilling at its H1 site and samples have been sent to the Geological Society and Mines Bureau of the Government of Sri Lanka for testing.
The primary mine shaft at Ceylon’s K1 site has also been extended by 60 feet to the level of the main veins to enable easier graphite excavation and expedite ramp-up of production.
Bharat Parashar, Ceylon’s Chairman and CEO, commented,
“We are very excited with this new graphite vein discovery at our H1 site on our first holes, which continues to demonstrate the abundance of vein graphite on our properties and the effectiveness of our exploration methodologies.”
Ceylon Graphite will be presenting at the Mines and Money Online Global Conference from March 23-25, 2021 and welcomes anyone interested to reach out for meeting requests and/or presentation details.
Ceylon Graphite is in the business of mining for graphite and developing and commercializing graphene and graphite applications and products. Graphite mined in Sri Lanka is known to be some of the purest in the world and has been confirmed to be suitable for a range of applications in the high-growth electric vehicle and battery storage markets.
Ceylon Graphite (CYL) is up 3.85 per cent and is currently trading at C$0.27 per share as of 9:52 am EST.