Detail akcie First Graphite online

Business Summary: First Graphene Limited, formerly First Graphite Limited, focuses on mineral exploration. Its segments include Mining and exploration activities, and Corporate services. It is engaged in the exploration and development of high-grade projects in Sri Lanka. It is a developer and producer of high technology graphene materials. Its geographical segments include Australia and Sri Lanka. It holds 13 exploration licenses over 39,500 hectares together with two granted industrial Mining licenses, one at Pandeniya and the other at Aluketiya. The exploration license areas are situated across the areas of Warakapola, Pujapitiya, Palinda Nuwara and Hikkaduwa. The Warakapola project area consists of six licenses covering 8,300 hectares of granted exploration concessions. The Aluketiya Project Area is located in Meegahatenna. The Palinda Nuwara Project Area consists of 54 square kilometers of exploration grids. The Hikkaduwa Project Area consists of 10 square kilometers of exploration grids.
Financial Summary: BRIEF: For the fiscal year ended 30 June 2019, First Graphene Ltd revenues increased 93% to A$1.8M. Net loss decreased 1% to A$7M. Revenues reflect Revenue from contracts with customers increase from A$7K to A$23K. Lower net loss reflects Development mining expenses decrease of 77% to A$305K (expense), Share based payments expense decrease of 71% to A$362K (expense), Technical research expenses decrease of 25% to A$2.5M (expense).