Current Status: Project Sri Pada
Video from Phase 2 Drilling
Core Samples from Phase 2 Drilling
Bank feasibility & piloting complete on graphite
Off-take agreement in place valued at $200 million for material distribution
Off-take offers on the table via the Indian Market
Process flow-design complete
Construction Infrastructure phase has become
Solar Power Plant contract signed with Miitelstand global
construction teams mobilized
Infrastructure support application submitted to government
Asian development bank application started
This is a district scale opportunity
Phase 2 drilling and construction of infrastructure has begun.
GSMB Discovery In Serwuila
Gold deposits found in Seruwawila
18 Oct 2019
By Thilakarathna Dissanayaka
Geological surveys conducted recently have revealed a gold deposit of 100 sq.kilometers buried in an area centering Seruwawila, Geological survey and Mine Bureau Chairman Asela Iddawela said.
The Chairman said he hoped to seek foreign investors willing to work in accordance with the policies and procedures adopted by the bureau to join with the GSMB to carry out further surveys based on the data and geological elements available.
GSMB director General Dr.C.H.E.R. Siriwardena also affirmed the presence of gold ore within the Seruwawila copper and iron deposit in an area of about 100 km in Arippu and Kollakulam.
He also said further surveys are needed to ascertain the economical viability of the expected gold deposit and samples have to be analyzed to see the possibility of finding Palladium, Platinum elements.If the survey reveals positive results foreign investors can be attracted to develop the ore.