Ceylon Graphite Hires New Chief Mining Manager to Initiate Commercial Production
22 Mars 2023 - 12:30PM
Ceylon Graphite Corp (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF)
(FSE: CCY) is pleased to announce the hiring of Klaus Leiders as
Chief Mining Manager. Klaus is a leading mining and mineral
processing engineer and has an extensive track record of leading
narrow vein and bulk ore underground and surface operations in Sri
Lanka, Morocco, Tanzania, USA, Germany, Russia, Vietnam, Malaysia,
Kyrgyzstan, North Korea (DPRK), China, Romania, Guyana and
Dominican Republic. His experience includes graphite, gold,
lead/zinc, vanadinite, hard rock, coal, lignite, and industrial
minerals: talc, dolomite, limestone.
Ceylon Graphite CEO, Sasha Jacob stated, “Klaus’
experience is a great complement to Ceylon Graphite’s resources and
will be very valuable as commercial production commences in the
near term and the company seeks to expand production volume
rapidly. His experience in engineering and constructing a graphite
processing and upgrading plant will also be very beneficial as the
company advances its end-product options.”
Klaus has extensive experience in Sri Lankan
graphite having led the exploration, development and production of
a narrow vein graphite underground mine in Melsiripura, Sri Lanka.
Among his achievements he was able to increase production from 15
to 180 tonnes per month through process changes and without
additional capital deployment. He was also responsible for
establishing safe work conditions, built a reliable and performing
work force, optimized the graphite benefication-process,
transformed a batch plant into a continuously operating plant,
organized a functioning Quality Control Laboratory &
procedures, established export procedures and managed human
resources and work safety training.
Ceylon has previously announced agreements and
licensing renewals as well as new corporate leadership which allow
it to recommence focus on achieving production. The first
accumulation of graphite at quantity for commercial sale is
expected in Q2 of 2023.
QUALIFIED PERSON
Dr. Ranjith Premasiri, PhD, MPhil, Bsc, CGeol
(UK) FGeol (UK) CGeol (SL), an employee of Sarcon Development (Pvt)
Ltd. and not independent to Ceylon Graphite, is a “Qualified
Person” as defined by National Instrument 43-101 - Standards of
Disclosure for Mineral Projects and has reviewed and approved the
content of this news release.
About Ceylon Graphite Corp.
Ceylon Graphite is a public company listed on
the TSX Venture Exchange, that is in the business of mining for
graphite, and developing and commercializing innovative graphene
and graphite applications and products. Graphite mined in Sri Lanka
is known to be some of the highest grade in the world and has been
confirmed to be suitable to be easily upgradable for a range of
applications including the high-growth electric vehicle and battery
storage markets as well as construction, healthcare and paints and
coatings sectors. The Government of Sri Lanka has granted Ceylon
Graphite’s indirectly owned subsidiary Sarcon Development (Pvt)
Ltd. an IML Category A license for its K1 mine and exploration
rights in a land package of over 120km². These exploration grids
(each one square kilometer in area) cover areas of historic
graphite production from the early twentieth century and represent
a majority of the known graphite occurrences in Sri Lanka.
Further information regarding Ceylon Graphite is
available at www.ceylongraphite.com
Sasha Jacob, Chief Executive Officer and Rita Thiel, Chair of
the Board of Directors
info@ceylongraphite.com
Corporate Communications
+1(604) 765 8657
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking
information as such term is defined in applicable securities laws,
which relate to future events or future performance and reflect
management's current expectations and assumptions. The
forward-looking information includes statements about Ceylon
Graphite’s grids, positive contributions and expectations related
to incoming management, expected completion and timing of
commercial production of graphite, potential increased production
of graphite, timing and expected completion of the sale of
graphite, Ceylon Graphite’s mine to battery strategy, future
expectations about battery performance, future global trends in
energy, battery materials and technology use, Ceylon Graphite’s
market position in the battery industry, plans for Ceylon
Graphite’s subsidiaries and Ceylon Graphite’s mining operations.
Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information
currently available to Ceylon Graphite, including the assumption
that development, mining and sale of graphite will conform with
Ceylon Graphite’s expectations, testing related to the performance
of Ceylon Graphite’s vein graphite material are accurate, there
will be no material adverse change in graphite and metal prices or
the economy generally, there will be continued demand for graphite
powered batteries, all necessary consents, licenses, permits and
approvals will be obtained or retained, including various Local
Government Licenses and the market. Investors are cautioned that
these forward-looking statements are neither promises nor
guarantees and are subject to risks and uncertainties that may
cause future results to differ materially from those expected. Risk
factors that could cause actual results to differ materially from
the results expressed or implied by the forward-looking information
include, among other things, the reliance of Ceylon Graphite on a
few key officers, the results of Ceylon Graphite’s graphite testing
being inaccurate or incomplete, failure to obtain or maintain
patents and proprietary technology, loss or failure to acquire
available high quality graphite, any failures to obtain or delays
in obtaining required regulatory licenses, permits, approvals and
consents, an inability to access financing as needed, a general
economic downturn, a volatile stock price, labour strikes,
political unrest, changes in the mining regulatory regime governing
Ceylon Graphite, a failure to comply with environmental regulations
and a weakening of market and industry reliance on high quality
graphite. Ceylon Graphite cautions the reader that the above list
of risk factors is not exhaustive.
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