MRL Corporation Limited (ASX: MRF) – $0.046 (+15%)
08 Apr 2015
MRL Corporation Limited (ASX: MRF) has entered into a contract with Adelaide Research and Innovation Pty Ltd, the commercial development company of the University of Adelaide to test its Sri Lankan graphite for scalable graphene production.
The graphene tests will involve a range a different processes to determine the potential production and quality of graphene from the company’s graphite ore. Recent tests have already established that the company’s graphite is suitable for use in high technology batteries. Should the impending tests demonstrate graphene properties, the company will be in a position to supply products to various markets ranging from traditional graphite customers to high end technology users.
Graphene is currently produced from composited and lower grade graphite and sells for a substantial premium to conventional graphite.
The company is focussed on developing an underground mining operation to extract high grade crystalline vein graphite, which is unique to Sri Lanka. The company holds exclusive rights to exploration licenses covering approximately 6,300 hectares in area with historical workings located within most license grids (Figure 1).
Figure 1. Location of the company’s exploration licenses
For further information, visit www.mrltd.com.au
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