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Ceylon Graphite readying for first production in early 2020

Proactive Research analyst Christopher Ecclestone updates on the development of Ceylon Graphite Corp's (CVE:CYL) mines in Sri Lanka.

Ecclestone says they've received environmental approvals for its K1 mine and has recently gained an industrial mining licence with first production likely in early 2020.

He adds that the awarding of the mining licence is a particular milestone as it's only the fourth one issued since the country's independence in the 1960s.

Quick facts: Ceylon Graphite Corp

Price: 0.095 CAD

TSX-V:CYL
Market: TSX-V
Market Cap: $6.15 m
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Mining Strategist Christopher Ecclestone on Ceylon Graphite

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on 26/2/19

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