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First Graphite Ltd. (ASX:FGR) announced that it’s received the industrial mining license for its Pandeniya project from the Geological Survey and Mines Bureau.
First Graphite Ltd. (ASX:FGR) announced that it’s received the industrial mining license for its Pandeniya project from the Geological Survey and Mines Bureau.
As quoted in the press release:
The Company can now get on with the business of mining, having previously been restricted to preparatory work, prior to the granting of the Licence. The Company will complete the installation of the shaft liner boxes at Pandeniya. With the liner boxes in place the Company will be able to commence underground mining operations in the month of April. The first phase of the mining operation will concentrate on the development of drives with mining and hoisting of high grade graphite.
Craig McGuckin, managing director at First Graphite, commented:
It is our understanding this will be the first new underground “A” class Industrial Mining Licence issued for 25 years and the first to include a full environmental review. To have achieved this is a credit to the quality of the work conducted by our group and the dedication of our Sri Lankan staff.
Click here to read the full First Graphite Ltd. (ASX:FGR) press release.