Armadale Capital Plc (ACP.L) Announced further confirmation that commercialisation plans for the Mahenge Liandu Graphite Project in Tanzania continue to advance. Notably, metallurgical test-work is progressing well with initial testwork in line with expectations. The company reported that initial metallurgical test-work results from flotation stage demonstrated solid graphite recovery up to 95.0% Total Graphitic Content (TGC), consistent with expectations. Review of legacy rainfall data indicates Project will have ample surface water to construct and then operate the mine and processing plant, materially reducing requirement for utilising costly ground water.
Armadale Capital plc, the AIM quoted investment group focused on natural resource projects in Africa, is delighted to announce further confirmation that commercialisation plans for the Mahenge Liandu Graphite Project in Tanzania continue to advance. Notably, metallurgical test-work is progressing well with initial test-work in line with expectations.
Armadale Capital plc the AIM quoted investment company focused on natural resource projects in Africa, held its annual general meeting today and all resolutions were duly passed. Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa.
Armadale Capital plc the AIM quoted investment company focused on natural resource projects in Africa, is holding its annual general meeting at 11.00 am today at Salisbury House, London Wall, London EC2M 5 QQ. “We continue to make excellent progress advancing our key, actively managed investment, the Mahenge Liandu Graphite Project in Tanzania, towards first...
Armadale Capital (ACP.L) 1.38p £4.79m Armadale Capital, the investment group focused on natural resource projects in Africa, announced exceptionally high-grade assay results from its Mahenge Liandu Graphite Project in Tanzania, which validate commercialisation plans in progression. First four of 18-hole reverse circulation (‘RC’) drill programme received Exceptionally high-grade near surface assayed intercepts recorded 7m @ 16.9% total graphite content (‘TGC’) from 31m 7m @ 16.8% TGC from surface 9m @ 14.8% TGC from surface Encouraging results are part of broader zone of high-grade mineralisation that includes 39m @ 11.2% TGC from surface, 57m @ 7.6% TGC from surface and 63m @ 8% TGC from 12m Wide zones of high-grade near surface mineralisation materially above the 12.5% used in the average life of mine scoping study completed in March 2018 Eight diamond drill-holes also drilled and are currently being assayed Results have favourable impact on the Project’s economics and forward commercialisation plans: Higher average grade from near surface mining in early years Lower extraction costs Potential enhanced EBITDA margins Results expected to have a positive outcome on the Definitive Feasibility Study (‘DFS’) on track to complete Q4 2019, aiding transition from exploration to mining phase
Armadale Capital Plc (ACP.L) Announced exceptionally high-grade assay results from its Mahenge Liandu Graphite Project in Tanzania, which validate commercialisation plans in progression. The company announced that first four of 18-hole reverse circulation (RC) drill programme has been received. Eight diamond drill-holes are also drilled and are currently being assayed. Further, the results are expected to have a positive outcome on the Definitive Feasibility Study (DFS) on track to completion in 4Q19, aiding the transition from exploration to mining phase.
Armadale Capital Plc/ Index: AIM/ Epic: ACP/ Sector: Investment Company. Exceptionally High-Grade Assay Results Verify Commercialisation Plans. Armadale Capital plc, the AIM quoted investment group focused on natural resource projects in Africa, is delighted to announce exceptionally high-grade assay results from its Mahenge Liandu Graphite Project in...
Armadale Capital plc the AIM quoted investment company focused on natural resource projects in Africa, announces that today it was notified that on 31 May 2019, Value Generation Limited, a company wholly owned by Paul Johnson, Non-Executive Director of the Company, and wife Michelle Johnson, purchased 350,000 ordinary shares in the share capital of the...
Armadale Capital Plc/ Index: AIM/ Epic: ACP/ Sector: Investment Company. Armadale Capital plc the AIM quoted investment company focused on natural resource projects in Africa, is accelerating plans to commercialise its Mahenge Liandu Graphite Project in Tanzania ahead of the anticipated completion of the Definitive Feasibility Study scheduled for Q4 2019.
Armadale Capital Plc (ACP.L) Announced, in its final results for the year ended 31 December 2018, that loss after tax narrowed to £0.6 million from £6.2 million recorded in the previous year. Additionally, the company stated that it did not earn any revenues as its business related solely to the making of investments in non-revenue producing resource projects and companies. At 31 December 2018, the Group had cash of £44,000 (2017: £65,000) and debt of £677,000 (2016: £634,000). Meanwhile, the company announced that its Annual General Meeting (‘AGM’) will be held at St Brides Partners Limited, 4th Floor, Salisbury House, London Wall, London EC2M 5QQ on 27 June at 11.00 am. A notice of AGM, together with printed copies of the Company’s full Annual Report for the year ended 31 December 2018 will be posted to shareholders today.
Armadale, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce its Final Results for the year ended 31 December 2018.. Notable progress advancing the Mahenge Liandu Graphite Project in Tanzania Completed Scoping Study highlighting a potential NPV of US $349 m and IRR of 122% On track to deliver Definitive...
Armadale Capital plc the AIM quoted investment company focused on natural resource projects in Africa, is pleased to confirm the Company has prepared a new presentation which may be viewed on the Company’ s website through the following link: Armadale Capital Plc is focused on investing in and developing a portfolio of investments...
Armadale Capital Plc/ Index: AIM/ Epic: ACP/ Sector: Investment Company. Armadale Capital plc, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to provide a progress update in respect of its Mahenge Liandu Graphite Project’ s Definitive Feasibility Study. “Notably, recent graphite market developments point to...
Armadale Capital (ACP.L) 1.18p £4.41m Progress update in respect of its Tanzanian Mahenge Liandu Graphite Project Definitive Feasibility Study. Received final Environmental and Social Impact Assessment report from external consultants – favourable findings Completed decommission implementation plan considering options on how to utilise the site after mining is completed Received Relocation Action Plan (“RAP”), principally to engage with the local community On schedule to submit final ESIA Report and RAP to the National Environment Management Council of Tanzania by the end of April 2019
Armadale Capital (ACP LN) 1.2p, Mkt Cap £4.4m – Mahenge Liandu graphite project DFS update • Forming part of the Definitive Feasibility Study (announced 16 April 2019), the Mahenge Liandu graphite project has received a final ESIA Report from its external consultants, which concludes that the potential impacts associated with the proposed graphite mine and processing site are of a nature and extent that can be reduced, limited and eliminated by the application of appropriate mitigation measures. • A decommission implementation plan considered options on how to utilise the site after mining is completed and how to reduce the long-term impact of the mining operation after the mine closes. • Armadale has also received the Relocation Action Plan, covering the 9.0km² Mining Licence from its Tanzanian based consultants. The area affected by the Project has limited areas of development and a low population density and the Company anticipates a low compensation cost relative to the overall capital requirement of the Project. • The Company is also finalising its comments to the ESIA Report and RAP and expects to submit both documents to the NEMC by the end of April 2019 as expected.
Armadale Capital Plc (ACP.L) Announced, in its Mahenge Liandu Graphite Project DFS Update, that it has received final Environmental and Social Impact Assessment report ("the ESIA Report") from external consultants - favourable findings and has also received Relocation Action Plan ("RAP"), principally to engage with the local community. Further, the company has completed decommission implementation plan considering options on how to utilise the site after mining is completed.
Armadale Capital plc the AIM quoted investment company focused on natural resource projects in Africa, is pleased to provide a progress update in respect of its Tanzanian Mahenge Liandu Graphite Project Definitive Feasibility Study, further to the announcement dated 16 April 2019 which can be viewed at Received final...
Armadale Capital (ACP LN) 1.3p, Mkt Cap £5.0m – Mahenge Liandu graphite project update • Armadale Capital expect completion of the DFS in Q4 2019 following the Scoping Study that reported NPV of US$349m, development CAPEX of US$35m, pre-tax IRR of 122% for the Mahenge Liandu graphite project in Tanzania. • Based on the Scoping Study findings the Company announced the commencement of a DFS in May 2018 which is based on a throughput of 400,000tpa over a 32-year mine life. • Remaining work focuses on product marketing, developing transport and logistics pathway and the Resource update which aims to incorporate at least 10 years of planned production in the Measured category. • The Scoping Study was based on an upgraded Total Graphitic Carbon JORC compliant Resource reported Feb. 2018 with 51.1Mt @ 9.3% TGC including 38.7Mt Indicated @ 9.3% and 12.4Mt Inferred @ 9.1% TGC. • Environmental Social Impact Assessment and Relocation Action Plan reports have also been finalised and are expected to be submitted to the National Environment Management Council this month. • Focusing on product marketing, product quality wide diameter drilling has also been completed to create representative concentrates and test work thereon will provide data on graphite recovery rates, flake size distribution and final product purity. • Test work programme is ongoing to progress the MOU for offtake of 30,000tpa of graphite concentrate to a binding agreement with the Matrass Group, a China based graphite mining and processing company. • Discussions are progressing with further offtake partners for remaining 19,000tpa of graphite concentrate. • The Company sent a shipment of 1.6t diamond core for metallurgical testwork to enable completion of the final plant design. The results of metallurgical test work for product quality are expected in June 2019. Downstream test work results confirming product quality are expected in July 2019. • Reflecting the progress of work to date, the Company expects to submit its application for a mining lease in August 2019.
Armadale Capital plc the AIM quoted investment company focused on natural resource projects in Africa, is pleased to provide an update in respect of the significant progress made advancing the Mahenge Liandu Graphite Project in Tanzania towards production, including the remaining steps needed to complete the Definitive Feasibility Study.
RNS Number: 4521 T Armadale Capital PLC 20 March 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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Company Profile

Armadale Capital plc is an AIM listed investment company focussed on resource projects in Africa. Its primary interest is the high grade Mahenge Liandu Graphite Project in Tanzania.

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1 Arbrook Lane
Esher
KT10 9EG
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