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Ceylon Graphite readying for first production in early 2020

Proactive Research analyst Christopher Ecclestone updates on the development of Ceylon Graphite Corp's (CVE:CYL) mines in Sri Lanka.

Ecclestone says they've received environmental approvals for its K1 mine and has recently gained an industrial mining licence with first production likely in early 2020.

He adds that the awarding of the mining licence is a particular milestone as it's only the fourth one issued since the country's independence in the 1960s.

Quick facts: Ceylon Graphite Corp

Price: 0.065 CAD

TSX-V:CYL
Market: TSX-V
Market Cap: $4.21 m
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Full interview: Ceylon Graphite granted Industrial Mining License for Sri...

Ceylon Graphite (CVE: CYL) CEO Bharat Parasher joined Steve Darling from Proactive Vancouver on Skype to talk about the company receiving their Industrial Mining License. Parashar talks about what that allows the company to do and what the next steps will be. Parasher also discussed the...

on 27/8/19

2 min read