MRL Corporation (ASX:MRF) has been granted an ASX trading halt...

MRL Corporation (ASX:MRF) has been granted an ASX trading halt in relation to an update on drilling results that is being finalised.

The halt will last until the earlier of the drilling announcement being made or the commencement of trade on Wednesday, 25 June 2014.

MRL had earlier this month started drilling at its Pandeniya graphite project in Sri Lanka, which is renowned the world over for being the only producer of crystalline vein or lump graphite - the highest quality of naturally occurring material.

It holds 6,300 hectares of Exploration Licenses that could potentially produce 5,000tpa of vein graphite and has applied for further exploration areas surrounding its granted licenses.

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