Armadale Capital - Full assay results confirm exceptional high-grade graphite deposit
ACP
Wed, 23 Nov 2016, 08:40am GMT
Armadale Capital is currently assessing a number of projects operating in the natural resources and related sectors in Africa. The Company will consider investing in projects which the Board believes could generate near term cash flow and value for Armadale and its shareholders.
The Board believes that this is an opportune time to be seeking new investment opportunities and will utilise its proven experience in identifying and developing resource projects in Africa to enhance the growth prospects of the Company.
Industry: Utilities
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The full assay results mark the completion of an important milestone at Mahenge Liandu. With an exceptional average grade of 9.3% TGC and intervals up to 63m from or near the surface, the Board expects resource modelling to confirm the presence of a substantial JORC compliant graphite resource, which hope to be in a position to publish later this year.
