Margosa has 14 exploration licences covering 229 square kilometres with a further 24 square kilometres under application. All licences are 100% owned by Margosa Graphite Limited.
Sri Lanka is the only country on Earth where high purity (+95%) graphite is commercially mined
Sri Lanka has been producing high grade graphite for almost 200 years, with output peaking in the early 20th Century when more than 33,000 long tons per year were mined. Most mines closed at the end of WWII when prices collapsed, and many old workings were not mined out.
Margosa Graphite has been in Sri Lanka for six years, enjoying genuine first-mover status to compile what we believe to be the most prospective graphite tenements in the country. The Company has 10 projects with 15 licences (one pending application). These projects are:
• Pathakada EL/219;
• Aluketiya EL/218;
• Dumbara EL/264, EL/311, EL312, EL/313 and Application EL 2013/029;
• Waharaka EL/294*;
• Kithulgala EL/270;
• Bopitiya EL/255;
• Dehiowita EL/319;
• Yattawatura EL/271;
• Rakwana EL/253 and EL/254; and,
• Karametiya EL/256.
Margosa pioneered the use of modern electromagnetic (EM) surveying in Sri Lanka to locate buried graphite bodies. EM is uniquely successful in graphite exploration due to the mineral’s extremely high electrical conductivity. The three Fixed Loop (FLEM) surveys completed by Margosa to date have identified five graphite bodies (four of which have been diamond drilled) and the company has a 100% strike rate using the technique.
Margosa will be flying a helicopter airborne EM (AEM) survey over five of our tier 1 projects in mid-2017.
Margosa has been in Sri Lanka
since 2012 cherry picking the best
exploration sites where we believe
there could be an abundance
of graphite deposits.
We have ten project areas
located within the districts of Kalutara,
Ratnapura, Kegalle and Matara