Founded in 2005, Armadale Capital Plc is a UK-based diversified investment company that is focused on resources projects in Africa with principal interest in the high grade Mahenge Graphite Project in Tanzania. The company aims to offer investors with exposure to high quality resource projects in Africa. The company’s shares are listed on the Alternative investment Market (AIM) segment of the London Stock Exchange as LON: ACP.
The company holds 100% interest in the Mahenga Graphite Project in South-East Tanzania, which is a high grade coarse flake graphite project and has potential to become a strategically valuable mining asset. It is a high-grade JORC compliant indicated and inferred mineral resources estimate of 59.5 Mt that is 9.8 % TGC. The demand for spherical graphite is increasing in recent year as it has applications across Lithium-ion batteries, Graphite foil, Graphite paper sheer, Expandable graphite and Graphene. So the company is aiming to become a supplier of spherical graphite to the Lithium-ion battery sector and other.
The company has exposure to gold through 1.5% royalty sale of its secondary interest, the Mpokoto Gold Project in the Democratic Republic of Congo by entering into sale agreement with African Royalty Company Pty Limited in January 2019. Currently, the company holds 75% of the Mpokoto Gold project with partnership with Kisenge Mining. It also has option to increase its holding to 85% of the project committing financing and operational responsibility to advance the project. The company believes there are opportunities for capital grain if it maintains a small portfolio of quoted investments, mainly in gold production companies.
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