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 resources of 51.1-million tonnes, at 9.3% total graphitic carbon. Of the current resource, 38.7-million tonnes is classified as indicated, comprising more than 75% of the resource, and 12.4-million tonnes is inferred.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
Mine planning has started. The results of this, together with the expanded and upgraded resource, will feed into the ongoing scoping study, which is targeted for completion by the end of the first quarter of 2018 and will provide further clarity on the commercial potential of the project.

Armadale Capital CEO Nick Johansen has noted that the project has proven to be one of the highest-grade graphite deposits in Tanzania. Significant amounts of this mineralisation located near surface will enable the company to start mining using staged development, which will assist in fast-tracking the project to production while lowering the capital development and operating costs early in the mine life. 

Armadale is planning to start a diamond drilling programme after the wet season in April to provide samples for more extensive metallurgical testwork.

The deposit remains open to the north, south and down dip, meaning there is significant potential to increase the resource further, with further drilling planned for later this year.
 
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.