Armadale Capital: 31 Year Mine Plan Completed for Mahenge Liandu Graphite Project

Armadale (LSE:ACP) is pleased to announce that an optimisation study for the Mahenge Liandu graphite Project in Tanzania (‘Mahenge’) has now been completed by ROM Resources. The results of the optimisation study were used to generate a mining schedule focusing on high grade near surface mineralisation. The first seven years of production show exceptionally high graphite grades averaging 15.5% Total Graphitic Carbon (‘TGC’) with an average grade of 12.5% over the life of mine.

As quoted in the press release:

“To have defined a 31 year mine plan that can produce 400,000tpa of graphite at a grade of 12.5% is very exciting. Crucially the mine plan is based on near surface material with a very low strip ratio, which has positive cost impacts as the deposit will be relatively simple to mine and metallurgical test work to date has shown that minimal processing is required to produce a high grade, quality graphite concentrate. The results of this mine plan and optimisation work will feed into the Scoping Study, which is now nearing completion. The results will give a clearer indication of the project economics from which we will be able to better define our development plan. We look forward to sharing the results of this with shareholders in the coming weeks,” Nick Johansen, director of Armadale, said.

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