On 15 December 2020, Margosa was awarded the Advanced Exploration and Restoration Plan (AERP) approval from the Geological Survey and Mining Bureau, Government of Sri Lanka, for the refurbishment and development of a shaft at the Ridee Ganga Vein Graphite Project, Pathakada.

The approval will allow the commencement of dewatering and shaft development at the site, allowing lithostructural information, vein geometry and mine planning to be confirmed. Bulk samples of graphite ore will be collected for finalisation of metallurgy, advance marketing and off-take negotiations. The shaft will also provide ventilation, services and emergency egress for future mine development.

Perth-based, Wilshaw Engineering have completed the design and engineering of the shaft equipment and fit out, including a 12m headframe, ancillary mining equipment, electric hydraulic hoist and man-riding attachments. The equipment is refurbished and is awaiting shipment to the site for construction to commence in 2021. The shaft program is planned to run for 6 months.

The AERP Announcement, can be read by clicking on the below button.