Margosa Graphite Limited (“Margosa”) was a first mover in Sri Lanka, and in 2012 was able to secure a large landholding across areas with favourable geology and extensive historical workings.

Applying modern geophysical exploration techniques recently led to the initial discovery of the high-grade Ridee Ganga Vein Graphite deposit in the Pathakada Exploration Licence and the delineation of numerous Tier 1 targets within the company’s exploration licences. An exploration plan has been developed to systematically test and quantify the Tier 1 targets.