All is on track for initial production from the Pandeniya mine as soon as the expected final tick is given in August (no issues raised, and no objections to the plan).
All exploration licences are renewed for another two years.
Impressed by the decision by MRL Corp to purchase and import to SL the latest diamond drilling technology (not previously available in SL), so they are in total control of drilling their key targets. (Up to 400m depth).
Also impressed with the development of strong collaboration with the local (Univ of Pandeniya) university on both the exploration and mining, as well as graphene technology.
Ongoing research on graphene with U of Adelaide and development of pilot plant after tests show scalable production of low cost, high quality graphene in one step process.
Appointment of Far East Capital (Warwick Grigor) as corporate advisor - very smart move.
An excellent three months work by the small but focussed team at MRL Corp. - thanks.
MRF Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
