Armadale Capital Plc updates about Mahenge Liandu graphite project

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Armadale Capital Plc updates about Mahenge Liandu graphite project

Armadale Capital Plc (LON: ACP) has announced an update on the graphite project of Mahenge Liandu.

  • As per the group’s plan of transformation from explorer to emerging producer, the said project situated in south-east Tanzania is progressing towards commercialisation.
  • The company has informed that a DFS (Definitive Feasibility Study) is progressing and will be completed in the Q12020.
  • The DFS will include a thorough mine plan that will focus on high-grade, near-surface graphite mineralisation for the first 3-5 years of production.
  • On 21st February 2020, at the time of writing, GMT 08:10 AM, ACP shares were trading at GBX 3.00, down by 0.05 points or 1.64% against the previous day closing price.

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