MRF (ASX) Mining Licence at Pandeniya

MRL strikes key agreement for sales of its premium Sri Lankan graphite

MRL Corporation (ASX: MRF) is pleased to advise it has moved to facilitate sales contracts by appointing an Australian graphite and graphene specialist to act as an agent for its high–grade products.

Imagine Intelligent Materials will characterise and certify MRL’s graphite and graphene products with the objective of selling them into the optimum graphene applications, and will negotiate sales of the MRL graphene with Imagine’s customers and licensees on behalf of MRL.

MRL will pay Imagine a commission on sales of MRL’s Certified Graphene and other graphite products which carry Imagine’s Certification Mark.

The certification and licence agreement with Imagine comes as MRL prepares for first production from its high-grade graphite projects in Sri Lanka.

At Aluketiya final engineering studies are underway for construction of the head-frames which will be used to recover the graphite from shallow, low-cost shafts.

MRL also expects to secure the Industrial Mining Licence for its second Sri Lankan project, Pandeniya, shortly.

Completion of the Sri Lankan licensing process will put MRL on track to have Two high-grade graphite projects in production.

MRL’s projects contain extremely high-grade graphite which preliminary scientific testing has found is ideal for the efficient production of premium-priced graphene.

MRL will begin a further round of metallurgical test work shortly to establish the optimal conditions for producing graphene from its graphite.

SOURCE: http://www.readcorporate.com.au/files/September 2015/MRL_010915.pdf

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Hi Biggles;

It says only a month ago Shortly so the requirements cannot be that much more involved or this would be imprecise.

"MRL also expects to secure the Industrial Mining Licence for its second Sri Lankan project, Pandeniya, shortly."

Kind Regards