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Armadale Capital Plc
Summary
| Project: | Mahenge Liandu | |
|---|---|---|
| Deposit: | Mahenge Liandu | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 12/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-12-2016: Armadale Capital Plc announces a Resource Estimation report for its Mahenge Liandu deposit at the Mahenge Liandu project. Initial mineral resource declared for project. Armadale, the AIM quoted investment company focused on natural resource pro | |
| Resources: | (Resource, Inf.): 40.9Mt @ 9.41% TGC | |
| CP/QP: | [Overall Report]: Matt Bull (Not stated) | |
| ABSTRACT: | Armadale, the AIM quoted investment company focused on natural resource projects, is pleased to announce a maiden JORC compliant inferred mineral resource estimate of 40.9Mt @ 9.41% Total Graphitic Content (‘TGC’) for its 100% owned Mahenge Liandu graphite project in Tanzania (‘Mahenge Liandu’ or the ‘Project’). William Frewen, Chairman of Armadale said, “Declaring a maiden JORC resource estimate of this quantum and grade is a significant achievement, which underpins the potential commercial and strategic value of this emerging project. When factoring in a low strip ratio and high-grade coarse flakes, we are optimistic that significant shareholder value can be created via expediting development to tap into burgeoning demand for natural graphite, fuelled by lithium-ion battery producers and other markets. “The Mahenge Liandu project is located in one of the world’s most prolific high grade coarse flake graphite regions, surrounded by advanced projects such as Blackrock Mining's Mahenge Project and Kibaran Resources’ Epanko Project. It should come as no surprise that our expectations remain high for future exploration and development activities at Mahenge Liandu as we remain focused on maintaining our ambitious development schedule and progressing towards production as soon as practicable." | |
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