The Pathakada project is our most advanced Project. It is located within the Kalutara district and is only approximately 40kms from the Colombo Port. Exploration results suggest that this area is amenable to open cut development.
Metallurgical sampling has returned encouraging results with grades ranging from 65% - 95% Cg. Margosa believes Pathakada currently offers the company the quickest pathway to graphite production.
Margosa has drilled approximately 900m in its Phase 1 drilling program, with compelling targets on all tenements
Margosa believes Pathakada currently offers the company the quickest pathway to graphite production, although this could change once the AEM survey is finished in mid-2017.
Margosa has invested circa A$3m and drilled approximately 2000m in its Phase 1 program to date and compelling targets are prolific on all tenements. Mineralizing structures from operating mines continue into Margosa tenements, thus making it a viable investment.