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Armadale Capital Plc
Summary
| Project: | Mahenge Liandu | |
|---|---|---|
| Deposit: | Mahenge Liandu | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 3/31/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-3-2020: Armadale Capital Plc announces a Feasibility Study report for its Mahenge Liandu deposit at the Mahenge Liandu project. DFS results incl. post-tax NPV (10%) of US$242.3M and IRR of 67.1%. Armadale Capital plc (LON: ACP), the AIM quoted investme | |
| Resources: | (Resources, M+I): 14.3Mt @ 9.83% TGC | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Armadale Capital plc (LON: ACP), the AIM quoted investment group focused on natural resource projects in Africa, is pleased to provide the key data from its Definite Feasibility Study for its Mahenge Liandu graphite project (‘Mahenge’ or ‘the Project’) in south-east Tanzania. Nick Johansen, Armadale Chairman, commented: “As expected, the Definitive Feasibility Study for the Mahenge Graphite Project has delivered extremely compelling economics. This study represents one of the most significant de-risking milestones in the Company’s history to date and we are delighted with the outcome. Across all commodities globally there are few mining projects that can demonstrate economics such as a 91% IRR and a 1.6 year payback upon capital. The DFS shows that Armadale can be a significant low-cost supplier to the graphite industry with the potential to generate pre-tax cashflows of US$882m over an initial 17 year mine-life and scope for further improvement. Compelling economics combined with low technical risks and 100% ownership make Mahenge an incredibly attractive investment. As previously advised, agreements with a number of potential offtake partners have already been secured and with the delivery of the data from the DFS | |
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