LONDON (Alliance News) – Armadale Capital PLC on Friday said test results have confirmed the Mahenge Liandu project in Tanzania has commercially viable graphite mineralisation, which it said can be expanded to widen the range of applications, including the growing battery market.
The project has an inferred mineral resource of 40.9 million tonnes of ore graded at 9.41% total graphitic content, with at least 32.0 million tonnes of that ore holding a grade of 10.47%.
Armadale said testwork conducted in Germany resulted in the expansion “up to 480 cubic centimetre per gramme”.
“The results underpin the project’s ability to produce high quality, commercial graphite concentrates which should be suitable for a number of applications,” the company said.
Ongoing testwork to find the purity of the graphite is underway and a 2,500 metre drill programme is “well advanced” and should start in May, with the hope of expanding the resource.
Armadale shares were up 5.5% on Friday at 1.63 pence.
By Joshua Warner; firstname.lastname@example.org; @JoshAlliance
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