Ceylon Graphite (CYL.V), which has taken the unusual (in mining circles) decision to just freaking start digging, rather than go through eight years of behind-protection, triangulation, and capital raising first, is up 20% today as the first containers fill with graphite and execs chase down end user agreements.
“We are finally in commercial production mode and look forward to selling our first container of Sri Lankan vein graphite — today we have brought two tons of raw graphite to the surface,” said Bharat Parashar, chief executive officer. “These three years have been a learning process and, whilst this is just the first step to creating a globally recognized graphite mining company, we are now much better prepared to develop our next sites and at a faster pace.”
Ceylon Graphite Corp.’s (CYL.V) wholly owned subsidiary, Sarcon Development (Pvt.) Ltd., has started commercial production at its K1 graphite mining project at Karasnagla, Sri Lanka.
Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced that its wholly owned subsidiary Sarcon Development (Pvt) Ltd (“Sarcon”) has started commercial production at its K1 Graphite Mining Project at Karasnagla, Sri Lanka (the “K1 Project”).
Ceylon Graphite Corp today announced that its wholly owned subsidiary Sarcon Development (Pvt) Ltd has been granted an Industrial Mining License Category A for its K1 Graphite Mining Project at Karasnagla, Sri Lanka.
Ceylon Graphite Corp. is pleased to announce that it has received assay results of laboratory testing of graphite samples taken downhole in the shaft at its M1 site in the Malsiripura area in Sri Lanka.
Ceylon Graphite Corp. announced that its wholly owned subsidiary Sarcon Development (Pvt) Ltd has received Environmental Approval for its K1 Graphite Mining Project at Karasnagla, Sri Lanka from the Central Environmental Authority(“CEA”) of the Government of Sri Lanka.
Ceylon Graphite Corp. announced that it’s subsidiary JADs Enterprises (PVT) Ltd has been awarded an IMLB license by the Geological Survey and Mines Bureau (“GSMB”) of the Government of Sri Lanka for its M1 site in Malsiripura, Sri Lanka.
June 3rd , 2019, Vancouver – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) today announced that further to its report on the 14th of May 2019, the needle type crystalline graphite vein it discovered 10 feet downhole at its M1 site in the Malsiripura area in Sri Lanka has increased 2x in size with depth.
The discovery of the widest graphite vein found to date was made in the course of driving a new ventilation shaft at the M1 site and has continued to grow in width as the digging progresses deeper into the rock.
Ceylon Graphite (CYL.V) is an aggressive, extremely well-managed ExpolorerCo. The object of Ceylon’s focus: Sri Lankan vein graphite – the purest of its kind anywhere in the world.
