• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    graphite investing

    Armadale Signs Offtake MOU for Mahenge Liandu Graphite

    Priscila Barrera
    Feb. 20, 2019 04:45PM PST
    Battery Metals
    ASX:BKT

    The proposed deal, signed with Chinese company Matrass, is for 30,000 tonnes per year of graphite concentrate for an initial five-year term.

    London-listed Armadale Capital (LSE:ACP) has signed an offtake memorandum of understanding (MOU) for its Mahenge Liandu graphite project in Tanzania.

    The proposed deal, signed with Chinese graphite mining and processing company Matrass Group, is for 30,000 tonnes per year of graphite concentrate for an initial five-term. This represents over 60 percent of the company’s target annual production.

    The price will be agreed based on the Chinese benchmark for the quality of the graphite produced.

    According to the company, demand for high-quality graphite products has been highlighted through other offtake agreements, including Black Rock Mining’s (ASX:BKT) binding offtake for 205,000 tonnes per year from its project, which is proximal to Mahenge Liandu.

    “This speaks volumes for the growing market demand for graphite from the region, which boasts some of the highest purity graphite concentrates globally and reinforces our confidence that binding offtake agreements will be secured for our entire 49,000 tonnes per year forecast production,” Nick Johansen, director of Armadale said.

    In fact, the company said discussions for the remaining 19,000 tonnes per year of production are ongoing with a number of potential customers.

    “As recent activities have focused on securing offtake agreements and mine permitting, both of which are making positive progress, we look forward to recommencing activities for the feasibility study and we look forward to updating the market further in this regard,” Johansen added.

    To progress the MOU to a binding agreement, the company is looking to start a test-work program before the end of Q1 2019.

    Additionally, Armadale has already completed the environmental and social impact study for the project.

    Mahenge Liandu has a high-grade JORC-compliant inferred mineral resource estimate of 51.1 million tonnes at 9.3 percent total graphite content, including 38.8 million tonnes which is classified as indicated.

    After the news, the company’s share price went up over 15 percent, but on Wednesday (February 20), shares of Armadale were trading down 4.13 percent at GBX 1.10. Year-to-date, shares of the company are up 27.78 percent.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

    lse:acparmadale capitalblack rock mininggraphite investingasx:bkt
    The Conversation (0)

    Go Deeper

    AI Powered
    International Graphite

    International Graphite

    International Graphite
    Glowing graphite molecules.

    ASX Graphite Stocks: 5 Biggest Companies in 2025

    Latest News

    Vertex Minerals Limited Capital Raising Update

    Maiden Mt Boppy Open Pit Ore Reserve

    Galan Lithium Limited: Incentive Regime for HMW Project in Argentina

    Executive Presentation - July 2025

    Reinstatement to Quotation

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    NextSource Materials

     
    NEXT:CA
    NextSource Materials

    Altech Batteries

     
    ATC:AU
    Altech Batteries

    E-Power Resources

     
    EPR:CC
    E-Power Resources

    International Graphite

     
    IG6:AU
    International Graphite
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×