Matt Bull, technical director at Armadale Capital (LON:ACP) Interview

 

Matt Bull, technical director at Armadale Capital (LON:ACP), updates Proactive London’s Andrew Scott on developments at the Mahenge Liandu graphite project in Tanzania.

Proactive Investors Stocktube Published on Apr 24, 2019

Bull says they’re on track to complete a definitive feasibility study (DFS) on the project by Q4 this year.

A scoping study released in 2018 revealed an NPV for the project of US$349 mln and development CAPEX of US$35 mln.

 

 

Mahenge Liandu Graphite Project DFS Update

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.

The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The Project is located in a highly prospective region with a high-grade JORC compliant Indicated and inferred mineral resource estimate of 51.1Mt @ 9.3% TGC, making it one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu’s potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.

Other assets Armadale has an interest in, include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.

More information can be found on the website www.armadalecapitalplc.com.

 


 

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