Armadale confirms exceptional high-grade graphite deposit in Tanzania

Aim-listed Armadale Capital on Tuesday said the 2016 drilling campaign at the Mahenge Liandu graphite project, in Tanzania, had demonstrated consistent, commercially viable, high-grade graphite mineralisation of up to 15.7% total graphitic carbon (TGC) commencing from or near the surface. “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 63 m from or near the surface, the board expects resource modelling to confirm the presence of a substantial Joint Ore Reserves Committee-compliant graphite resource, which we hope to be in a position to publish later this year,” said CEO William Frewen.   He added that the global move away from fossil fuels towards renewable energy was progressing faster than initially anticipated.