Armadale Capital: Progress Update on Mahenge Liandu Feasibility Study

Armadale, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce significant progress on the 2018 field work programme underway at its Mahenge Liandu graphite project in Tanzania ahead of an anticipated decision to mine in early 2019.

As quoted in the press release:

Nick Johansen, Director of Armadale said, “I am pleased to report that all aspects of our development work at Mahenge Liandu are progressing encouragingly and we continue to look forward to making a decision to mine early on in the new year.

“These latest diamond drill results, which highlighted high grade mineralisation in every hole, over wide intervals from surface with up to 67m thickness, are particularly pleasing and further reinforce our understanding of the geology of the Mahenge Liandu Project. The area drilled covers our proposed initial mining area and the results of the drilling will be incorporated into our mine planning over the coming months.

“Drilling continues on site, however the bulk of our activities are now focussed on the completion of the EIA, relocation plan and valuation survey – all critical components of our development plan as we target first production within 12-18 months.

“I look forward to reporting the completion of our RC programme and delivery of our relocation plan and ancillary surveys in the coming weeks.”

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