Name of the Project
Mahenge Liandu graphite project.

Location
Tanzania.

Client
Armadale Capital.

Project Description
Testwork results received from graphite concentrate samples at Mahenge Liandu have demonstrated the commercial viability of graphite mineralisation at the project.

The project has a high-grade Joint Ore Reserves Committee-compliant inferred mineral resource estimate of 40.9-million tonnes at 9.41% total graphitic carbon (TGC), of which at least 32-million tonnes has an average grade of 10.47% TGC.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
Armadale has announced positive results from testwork completed on a bulk sample from the Mahenge Liandu project.

The results have confirmed that high-quality graphite concentrates can be produced using a conventional flotation circuit. Previous testwork has confirmed that the concentrates from the project are readily upgraded to suit the rapidly expanding lithium-ion and expandable graphite markets. Now that larger quantities of concentrates are available, Armadale will progress further downstream testwork and provide samples for potential offtake partners.

A reverse circulation drilling programme aimed at significantly increasing the size of the deposit is planned for the second quarter of 2018.

Following the completion of a scoping study in early 2018, a feasibility study will be undertake with the objective of reaching a decision to mine in the near term.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Armadale Capital, tel +44 20 7236 1177 or email info@armadalecapitalplc.com.