Ceylon Graphite Corp

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Market Cap:
$6.73 m
0.10 CAD
52 weeks high
52 weeks low

The History of Vein Graphite

Vein graphite is known under various names including crystalline vein, Plumbago, Sri Lankan graphite, and Ceylon graphite. The name “Sri Lankan” and “Ceylon” are commonly used for vein graphite since the island nation of Sri Lanka (formally Ceylon) is the only area to produce this material in commercial quantities. Serious mining and exportation of Ceylon graphite began about 1824, however the unusual deposits of Ceylon have been known, and apparently used locally, since the middle of the1600s.

Of all the natural graphite materials vein graphite is probably the most difficult to describe geologically and various theories of its origin have been presented. As the name suggests, vein graphite is a true vein mineral as opposed to a seam mineral (amorphous graphite) or a mineral that is disseminated throughout the ore rock (as in flake graphite). Seam minerals have some unique properties including their being non-contemporaneous with the country rock, steeply inclined (vein orientation), and subjected to filling by a host of minerals, especially those of hydrothermal origin.

All currently available commercial vein graphite is mined in Sri Lanka.

K1 is Ceylon Graphite’s first exploration project and operates under the Sarcon Development legal umbrella. Majority of the exploration work has been completed and Sarcon has applied to the Geological Survey and Mines Bureau for a mining license.

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 is in process of applying for a mining license. The photographs below shows the extensive surface veins at the site.

A new site in Hakbewa on which Sarcon has commenced exploration with VLF surveys and drilling. The site is over 50 acres and has substantial surface graphite dump.

P1 is in the Pasyala district. VLF work has commenced and drilling is expected to start shortly. The photograph shows a 30 ft. surface vein.

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Our Team

Management Team

Bharat Parashar
President & CEO, Director

Former Managing Director and Co-Head of Salomon Smith Barney’s Investment Banking business in South and South East Asia. 36 years of Investment and Corporate Banking experience in Asia, including Chief Executive for American Express Bank in India and Head of Chemical Bank’s Investment Banking business in Asia (ex-Japan. Executed numerous debt and equity transactions, raising over US$8 billion for regional corporations and governments.

Kevin Aylward

Mr. Aylward has extensive public/private sector management experience in the resource and transportation sectors. Most recently Mr. Aylward has worked in the oil sands industry and with First Nations groups on business development and environmental technology issues. Previously, he served as CEO of the Goose Bay International Airport and Nunacor Development Corporation. He also served as a Provincial Cabinet Minister for nine years with the Government of Newfoundland and Labrador including the Environment, Labour and Forestry portfolios. Mr. Aylward also served as Leader of the Liberal Party of Newfoundland and Labrador during the Provincial Electionin 2011.

Abbey Abdiye

Mr. Abdiye has extensive experience in the financial sector, in both public and private companies. He is a chartered professional accountant (CPA), and current chief financial officer of reporting issuers, where he is responsible for all financial, fiscal management, regulatory compliance matters and reporting aspects of company operations. He also provides strategic guidance and direction in capital structuring, and is engaged in innovative financing programs that leverage sales and development.

Brett James

Brett James has been a partner and principal of Sussex Strategy Group since 2000. Brett provides clients with strategic counsel on major business issues, informed and intelligent guidance on their government interaction and communications advice to leverage public opinion on issues affected by government decisions. Brett has been a political and communications commentator on several major Canadian media outlets and a guest speaker at many major business, communications and advocacy conferences in Canada and the United States. He continues to be a senior advisor and fundraiser for candidates and campaigns across the country.

George Smitherman

George Smitherman has served at all three levels of Canadian government over 3 decades. During a 5 year run as Minister of Health and Long Term Care Smitherman oversaw the largest government department in Canada with a budget of more than $ 30 billion. 

In response to the 2008 Financial crisis Smitherman was transferred to the newly formed Ministry of Energy and Infrastructure and was leading Ontario’s economic renewal strategy. 

On the Infrastructure side Smitherman spearheaded negotiations with the Government of Canada over a shared multi billion dollar Infrastructure Stimulus Program that funded nearly 3000 shovel ready projects on a shared basis with Municipalities, First Nation Communities as well as Colleges and Universities.

Smitherman championed the Green Energy and Economy Act which secured billions in much needed foreign investment all the while providing opportunities for Ontario businesses. This strategy supported Ontario phase out coal fired electricity generation. Smitherman negotiated risk take back agreements with Bruce Power and curtailed Ontario’s momentum towards the completion of two new nuclear power plants.


Bharat Parashar
Director & CEO
(202) 352-6022

Mailing Address
600-535 Howe Street
Vancouver, BC, Canada

Corporate Communications
(604) 559-8051