Inactive Instrument

Lanka Graphite Limited

Equities

LGR

AU000000LGR1

Lanka Graphite : completes Feasibility Study

June 21, 2016 at 12:05 am EDT

56958c26-2048-4d7f-be39-fcbd8c0e4f4a.pdf Lanka Graphite Limited Head Office: Level 18,101 Collins St, Melbourne, VIC 3000, Australia Sri Lanka Office: No.35C, Old Kottawa Road, Nugegoda, Sri Lanka

ACN 074 976 828 T +61 3 9653 6394

F +61 3 9620 0777

www.lankagraphite.com.au

7 June 2016

LANKA GRAPHITE COMPLETES FEASIBILITY STUDY ON COMMERCIALISING SRI LANKA GOVERNMENT ASSETS Highlights:

Lanka Graphite advance current MOU with Government of Sri Lanka
Key finding points to exciting commercialisation options to develop graphite and graphene industry in Sri Lanka
Board currently accessing pathways to formalise a long term strategic partnership with Sri Lankan government

Lanka Graphite Limited (ASX: LGR, Lanka or the Company) is pleased to announce the completion of a Feasibility Study on the commercial development of a number of Sri Lanka's government graphite assets. The Feasibility Study is a clear progression of the company's ongoing discussions with the Government of Sri Lanka with particular reference to the previous announced Memorandum Of Understanding (22 December 2015).

Lanka Graphite, its Board and Management are encouraged by the findings of the Feasibility Study which show that there are significant commercial opportunities available and look forward to progressing the MOU with the Government of Sri Lanka to a formal agreement in the coming months. Under the terms of the MOU, Lanka Graphite continues to work with an industry development committee for the purpose of advancing Sri Lanka toward a global leading position in the vein graphite and graphene industry.

Justyn Stedwell

Company Secretary

For further information regarding this release or other company enquiries please contact: Peter Taylor

Investor Relations

Ph: 0412 036 231

Email: peter@nwrcommunications.com.au

Lanka Graphite Ltd. published this content on 07 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 June 2016 04:05:09 UTC.

Original documenthttp://lankagraphite.com.au/wp-content/uploads/2016/06/01746948.pdf

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Company Profile

Lanka Graphite Limited is an Australia-based graphite exploration company. The Company is focused on exploring and mining vein graphite in Sri Lanka. The Company holds approximately seven exploration licenses applications in south-western and central Sri Lanka covering a total of approximately 240 square kilometers. It holds over five granted licenses and approximately three license applications. The licenses comprising EL266, EL267 and EL268 are prospective for high-grade graphite. The Company has operations in Sri Lanka where its graphite tenements are located. It operates through its subsidiary, Lanka Graphite Pte Ltd, which is engaged in exploration and feasibility studies.

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