M1 is an active exploration site in Malsiripura (near Kurunegella) and is operated under Ceylon Graphite’s subsidiary JADS Enterprises. Based on drilling /survey data and visible surface veins, this site promises to be very successful. A NI 43-101 has been completed and posted on SEDAR. JADS has been awarded an Industrial Mining License Category B and is in process of applying for an Industrial Mining License Category A. An Industrial Mining License is issued by the GSMB under the Mines and Minerals Act no 33 of 1992. Under category B, typically some single borehole blasting is permitted plus the use of certain machinery and equipment is permitted in the mining process. The site in question may also excavate/produce a small amount of graphite per month.