RE: Acp gold breaks $2000oz5 Aug 2020 08:59
From Acp website -
Additional Interests
In addition to its graphite interests, Armadale Capital has a 1.5% royalty on gold sales achieved from the Mpokoto Gold Project in the Democratic Republic of the Congo which is being developed by Arrow Mining Pty Ltd. The Company also has a small portfolio of quoted investments, principally in gold production companies, where the directors believe there are opportunities for capital gain.
The project has a current total mineral resource of 678,000oz gold (‘Au’) from 14.58m tonnes @ 1.45g/t Au at a cut-off grade of 0.5g/t to produce approximately 25,000oz per annum over a nine-year mine life.