Ceylon Graphite (TSX.V: CYL) (OTC: CYLYF) (FSE: CCY) today announced that its wholly owned subsidiary Sarcon Development (Pvt) Ltd has started commercial production at its K1 Graphite Mining Project at Karasnagla, Sri Lanka (the “K1 Project”). “We are finally in commercial production mode and look forward to selling our first container of Sri Lankan vein graphite- today we have brought 2 tons of raw graphite to the surface,” Ceylon Graphite Chief Executive Officer Bharat Parashar said in the news release. “These 3 years have been a learning process and whilst this is just the first step to creating a globally recognized graphite mining company, we are now much better prepared to develop our next sites and at a faster pace. I would also like to place on record our thanks to the GSMB for all its support.”
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About Ceylon Graphite Corp.
Ceylon Graphite Corp., a public company listed on the TSX Venture Exchange (CYL:TSX-V), is in the business of exploration and development of graphite mines in Sri Lanka. The Geological Survey and Mines Bureau (“GSMB”) of the Government of Sri Lanka has granted the company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. and Industrial Mining License Category A for its K1 Project at Karasnagla, Sri Lanka. An Industrial Mining License Category A is the highest category license in Sri Lanka and grants exclusive rights to mine, process and trade in graphite mined within the area specified in the license. It also allows for underground multiborehole blasting, commercial production, use of all mining machinery and equipment and export of graphite. Graphite mined in Sri Lanka is known to be some of the purest in the world, and currently accounts for less than 1% of the world graphite production. For more information, visit www.CeylonGraphite.com.
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