The Additional 156km2 of licenses are granted at the Baduraliya, Neluwa and Paragoda North & South projects in the country.
With the addition of these new exploration licenses, the company has secured a significant ground position over and around several known historical producing, high grade graphite regions including the areas directly to the south of the Kahatagaha-Kolongaha Graphite Mine (KKGM).
KKGM has been in operation since 1872, and produced over 300,000t of graphite at 90% or greater total graphitic carbon.
With the grant of the additional licenses, Bora Bora Resources now holds 197km² of exploration licenses in central and southern Sri Lanka. These new licences facilitate commissioning of airborne electromagnetic surveys to determine the graphite potential of the company’s central project areas.
