Climate Change Data

CEYLON GRAPHITE CORP.

Climate Impact & Sustainability Data (2017-2021, 2018)

Reporting Period: 2017-2021

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Received Environmental Approval from the Central Environmental Authority (CEA) of Sri Lanka in August 2019.
  • Granted an Environmental Protection Licence (EPL) for its K1 Graphite Mining Project from the CEA in November 2019.

Social Achievements

  • Commercial production of the K1 graphite mine started on December 13th, 2019.
  • First sale of graphite to 2D Materials Pvt Ltd of Singapore (1 tonne) in June 2020.
  • Second sale of graphite to Elves Graphite Co, Ltd of Seoul, South Korea (300 kgs) in June 2020.

Governance Achievements

  • Granted an Industrial Mining Licence Category A for its K1 Project from the Geological Survey and Mines Bureau (GSMB) in August 2019.

Climate Goals & Targets

Short-term Goals:
  • Continue to develop the Karasnagala Graphite Project to full production.

Environmental Challenges

  • COVID-19 pandemic caused a shutdown of the mine from August 2021.
Mitigation Strategies
  • Mine development activities continued concurrently with resource extraction during shaft sinking activities.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2018

Environmental Metrics

Climate Goals & Targets

Medium-term Goals:
  • Drill program to test along strike and down dip extensions to a depth of 200m.
Short-term Goals:
  • Survey old workings and establish benchmarks around main mineral zones.

Environmental Challenges

  • Limited access to some areas of the property due to vegetation and lack of maintained roads.
  • Potential for deformation of graphite veins by weathering in some areas.
Mitigation Strategies
  • Discussions with landowners to obtain authorization for surface and underground work.
  • Careful consideration of weathered zones during future drilling programs.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Limited flooding during wet season

Reporting Standards

Frameworks Used: NI 43-101