An AML grants the licensee the exclusive right to mine, process and trade in all minerals specified in the license within an area not exceeding 10 hectares and to a depth not exceeding 25 meters.
Lanka is focused on the exploration of a number of historic and new mining tenements in central and south-western Sri Lanka.
Interestingly, historic mining at a number of these granted tenements produced very high grade ‘lump’ or vein style graphite returning grades of more than 95% carbon.
The company is engaging local miners to start clearance and preparation of the site.
The full story is available below.
Source: proactiveinvestors Australia