K1 is Ceylon Graphite's first mining project and operates under the Sarcon Development legal umbrella. This site has received an Industrial Mining License Category A from the Geological Survey and Mines Bureau. An Industrial Mining License Category A is the highest category license in Sri Lanka. It. CYL is also unique in its vein graphite's high-grade and purity that does not require conventional primary processing (therefore, no tailings, waste rock dumps or AMD issues). Furthermore, underground mining minimises ecological impact, which is an. Material test work conducted by Ceylon early on in the development produced critical results that confirmed the path for the mine to battery.
Can Sri Lankan graphite be used for lithium battery production?
A preliminary national study carried out by the State Ministry of Skills Development, Vocational Education, Research & Innovations found that Sri Lankan graphite can be used for Lithium Battery production in Sri Lanka. It was revealed local production of Lithium Batteries with high capacity would attract markets from across the world.
Colombo (News 1st); A state-owned enterprise for Lithium Battery production using Sri Lankan minerals will be established in the country, said the Chairman of the Presidential Task Force in charge of Economic Revival and Poverty Eradication, Basil Rajapaksa.
What is an industrial mining license in Sri Lanka?
An Industrial Mining License Category A is the highest category license in Sri Lanka. It grants exclusive rights to mine, process and trade in graphite mined within the area specified in the license. It also allows for underground multi-borehole blasting, commercial production, use of all mining machinery and equipment and export of graphite.
How long does it take a battery to charge in Ceylon?
The batteries are tested at a rate of C/5, meaning five hours to charge and five hours to discharge, hence completing about two full cycles per day. The outstanding performance of Ceylon's vein graphite material against the current commercially used synthetic graphite is due to the high crystallinity of Sri Lankan vein graphite.
How will Ceylon graphite evolve into a stand-alone battery technology company?
Don Baxter, CEO at Ceylon Graphite Corp, describes how the company will evolve into a stand-alone battery technology company through its access to the highest grade battery-quality graphite mines.
CYL is in the process of negotiating an off-take agreement with an EV battery manufacturer to sell battery-quality graphite at the significantly higher sales price of $10,000 per tonne, which would require the development of a processing facility and an estimated development cost of $60m.