Blast From The Past.... Both BBR and MRF are sitting on a great...

Blast From The Past....

Both BBR and MRF are sitting on a great deal of value. The reason is the significance of Vein Graphite, its cheap cost and its special properties. Making it one of the top 3 strategic materials in the world.

Veiners are not known about but will be only going to become bigger and bigger as the world turns their eyes to Sri Lanka.

Technology, Graphene and Vein Graphite are all pulling at demand for Vein and stories like this are only going to become more prevalent.

A prediction for $1.40 to $3 is more then reasonable for BBR with MRF very close with a Management Range of $1.20 to $2.80.

Many expect with the new exploration technology that the great find of this century is still to be found and with China leading the world in Graphene R&D ever driving greater efforts and investment; Vein is going to have no shortage of end-users.

Vein is not going to be hidden for long.


Ten Bagger, Friday 18 July 2014

http://resourcesrisingstars.com.au/infopage/4998

New kid on the graphite block as MRL surges on spicy Sri Lankan assays

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As the junior resource sector this week continued its Lazarus-like awakening from a multi-year slumber, graphite and nickel stocks remain two of the hottest tickets in town.

The market’s love affair with graphite is underpinned by surging consumer demand for electronics (mobile phones and tablets have around ten times more graphite than lithium, for instance), as well as green energy, medical, mining and high-tech applications such as graphene.

And if state-of-the-art new flexible TV screens made of graphene don’t float your boat, it’s very hard to argue with the share market performance of market darlings such as Syrah Resources (ASX: SYR), whose market cap at a current share price of $5.56 is around $900 million.

Which is why the hunt is on for emerging graphite stories that could provide ground-floor entry points to the sector.

Ten Bagger was fortunate enough to come across one this week – a relatively unknown Perth junior called MRL Corporation (ASX: MRF).

MRL has been quietly beavering away in Sri Lanka, assembling an impressive portfolio of projects covering 6,300 hectares prospective for high-grade, crystalline vein graphite, which is unique to the country.

For those new to the sector, natural graphite occurs in three forms: amorphous graphite, flake graphite and crystalline vein graphite. Sri Lanka is famed for being the only commercial producer of the third category, which is the most valuable and highest quality, typically occurring in veins with a purity of 95-99% carbon.
It reportedly sells for up to US$2,000 a tonne.

By way of comparison, amorphous graphite is the most abundant but occurs at the lowest grades. Syrah’s world-class deposit in Mozambique comprises amorphous graphite.

As the name suggests, high-grade vein graphite deposits return narrow but very high grade intersections. They can be selectively mined by underground methods. And they can be developed at much lower capital and operating costs than bigger amorphous or flake graphite deposits.

MRL’s game plan is to drill out a series of these sorts of super-high grade deposits on its leases in Sri Lanka and ultimately process them through a relatively simple, centrally located production facility.
If the plan comes together, it could be in production relatively quickly and cheaply, delivering exceptional quality material into a hungry and growing market.

MRL commenced drilling in June, and this week announced final assays from its maiden drill hole. The intersections were exactly as predicted – outstanding narrow high-grade hits of around 1m grading up to 97% Total Graphitic Carbon (TGC).

Managing Director Craig McGuckin said the results “confirm the presence of extremely high-grade vein graphite within the Bopitya/Pandeniya Priority 1 license…These results will assist in the planning towards conversion of this license into an industrial Mining License following further drilling.”

A second diamond drill hole is currently underway and results will be reported as they come to hand. MRL also said it has agreed to extend its drilling contract by a further 600m to a total of approximately 1,300m.

All of which sounds like plenty of upcoming news flow.

The share market is beginning to take more notice of MRL. The stock has edged up from around 4-5c back in April to 10-12c, closing yesterday at 10.5c. That gives it a relatively modest market capitalisation of around $14 million.

Given that grade is always king in mining (graphite included), the company’s plans to develop a high-grade, low CAPEX operation in a relatively friendly jurisdiction should see it pop up on plenty more investor radars in the coming weeks.


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Bora Bora Resources signs drill contract for Kingfisher graphite prospect

http://www.*.com.au/companies/news/...t-for-kingfisher-graphite-prospect-58267.html

Friday, October 17, 2014 by Proactive Investors

http://www.*.com.au/genera//img/companies/news/bora_bora_resources_matale_358.jpg

Bora Bora Resources signs drill contract for Kingfisher graphite prospect in Sri Lanka

Bora Bora Resources (ASX:BBR) has signed a drill contract with the Geological Survey and Mines Bureau (GSMB) for a maiden drilling program at the Kingfisher prospect of its Matale/Kurunegala Graphite Project in Sri Lanka.

Kingfisher is a VTEM anomaly that could host graphite vein swarm mineralisation similar to that found 13 kilometres to the south at the Kahatagaha Graphite Mine.

The company has recently completed the second tranche of its $3.5 million placement, ensuring it is funded for exploration in Sri Lanka.

GSMB has ordered a new drill rig to undertake the program, which will have a minimum of 10 holes of between 200 metres and 400 metres depth.

“We are excited to now lock in a drill rig to undertake the drilling program at our Kingfisher Prospect,” executive director Chris Cowan said.

“It is pleasing to be able to secure a new drill rig for the program and the commitment from the GSMB to start drilling as soon as practically possible.”

Bora Bora plans to use supervisory experts with experience in vein style mineralisation once the rig is mobilised to the Kingfisher site during the December quarter to provide assistance, training and oversight for the drilling program.

This follows the successful renewal of two key exploration licences at the Matale/Kurunegala Graphite Project for an additional two years.

Sri Lanka is the only commercial source of carbon natural crystalline vein graphite. It is host to high grade projects with mineralisation grading 90% to 99% total graphitic carbon.

Kingfisher Prospect

The Kingfisher Prospect was identified from the recently flown airborne Versatile Time-Domain Electromagnetic (VTEM) survey at the Matale/Kurunegala project.

This has a similar intensity and appearance to the anomalies associated with the Kahatagaha and Queens graphite mines that are located to the south.

Mapping has located a number of historical pits coincident with the anomaly.

Bora Bora has also secured land access over Kingfisher allowing it to commence ground exploration work including geophysics, geochemical sampling and drilling immediately.

The prospect area is lightly covered by plantation agriculture, close to infrastructure, highly accessible and will not require any non-standard preparatory work by Bora Bora Resources to directly proceed with the planned ground geophysics, geochemistry and drilling program.

The VTEM results released to date represent approximately 15% of the VTEM area flown at this project and demonstrate a series of strong visual anomalies over the Kingfisher Prospect, Queens Graphite Mine and Kahatagaha Graphite Mine.

Bora Bora continues to work on land access arrangements at other areas of the Matale/Kurunegala Graphite Project that were covered by the recent airborne VTEM survey, as well as further processing VTEM data over other significant areas.

Matale/Kurunegala graphite project

Matale is situated on 145 square kilometres of tenements and applications surrounding the historic Kahatagaha Graphite Mine (KGM), which has operated since 1872 and produced more than 300,000 tonnes of high-grade graphite.

Notably, three out of four of Sri Lanka’s producing mines in Matale/Kurunegala area.


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Vein Graphite is only at the beginning and Australia is a key partner in this.



Kind Regards