"MRL Corporation Ltd (“MRL” or “the Company”) is pleased to provide an update on further analytical testing at Nagrom carried out on remnant graphite samples from its Sri Lankan graphite licence EL228.
The results achieved are very promising given this is the first round of testing and is without any process optimisation. With a single stage flotation and without any regrind a combined concentrate grade of ~95.4% Total Graphite as Carbon (TGC) and (96.2% TC) was recorded.
A Head Analysis grade of 85.6% (TGC) was achieved which is consistent with the results reported on the 26th March 2014."
I expect quite a few people will be watching the upcoming drill carefully. If we get positive results, this thing could pop. LMB and BBR all started the same way, so things looking promising.
This is not advice. Please DYOR.
MRF Price at posting:
5.4¢ Sentiment: ST Buy Disclosure: Held
