Armadale submits mining licence application for Mahenge
Aim-listed Armadale Capital has submitted its mining licence application to the Tanzanian Department of Energy on Minerals for its wholly-owned Mahenge Liandu graphite project.
This marks another significant step in the development of the project, says chairperson Nick Johansen.
He adds that receipt of a mining licence for the project will be one of the final and most important de-risking milestones for the company.
Meanwhile, the company is progressing discussions with a number of parties to secure a development partner for the construction phase of the project.
Additionally, separate work streams are ongoing related to offtake agreements, debt package finance for construction and project level development funding.
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