Armadale Capital - Maiden JORC compliant mineral resource estimate
ACP
Thu, 08 Dec 2016, 10:25am 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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Armadale, the AIM quoted investment company focused on natural resource projects, announce a maiden JORC compliant inferred mineral resource estimate of 40.9Mt @ 9.41% Total Graphitic Content for its 100% owned Mahenge Liandu graphite project in Tanzania.
