Member Info for jsd71

Commencement of Feasibility Study The feasibility study will be based on a throughput of 400,000tpa over a 32 year mine life. The feasibility study will involve a range of activities; A diamond drilling programme to obtain samples for metallurgical test work and marketing A geotechnical drilling programme to define the final pit wall design Product marketing towards the goal of achieving binding offtake agreements The construction of water production bores to determine the flow rates and ground water conditions in the Project area Environmental and social studies covering the Project area and completion of a Relocation Action plan (RAP) for the people who may be impacted through the development of the Project Progressing towards application of mining permits Calculation of Proved and Probable Reserves Finalisation of production flowsheets and final plant design parameters.

Continued.. The Mahenge Liandu deposit has been shown to contain excellent flake size distribution and exceptional graphite purity. The Feasibility Study will focus on defining graphite product quality with a wide diameter diamond core drilling programme aimed at generating samples for marketing. A range of potential markets will be examined with potential customers in the lithium ion battery, expandable graphite and traditional graphite markets. The high purity of the graphite concentrates is expected to improve the marketability especially in the battery market segment. Table 2 Flake Size Distribution and Purity Flake Size Microns 4088-09 Mass (%) TGC Grade (%) Super Jumbo > 500 3.67 97.9 Jumbo 300 – 500 20.8 97.9 Large 180 – 300 23.6 97.9 Medium 150 – 180 18.4 98.1 Small -150+75 21.8 98.3 Fine < 75 11.8 97.1 Environmental Studies and Permitting Environmental and social baseline studies have now commenced with the project registered with National Environmental Management Council, NEMC. The study is being undertaken by experienced Tanzanian consultancy Enviromine. The Project is expected to have a small area of impact and is located in an area with a low population density. Development Drilling Programme Discussions with a drilling company to conduct the metallurgical, geotechnical and water bores are nearing completion with commencement of the met drilling and Geotech drilling expected to occur this quarter. Flowsheet Design and Capital Cost Estimate Final flowsheet and plant design will be managed by BatteryLimits. The flow sheet will utilise the results of a flotation test work. Results to date have indicated the deposit is highly amenable to upgrade to exceptionally high purity using a conventional flotation process. The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. **ENDS**

Commencement of Feasibility Study at Mahenge Liandu Thu, 3rd May 2018 07:00 Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company 3 May 2018 Armadale Capital Plc (‘Armadale’ or ‘the Company’) Commencement of Feasibility Study at Mahenge Liandu Armadale, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce the commencement of a feasibility study (the ‘Feasibility Study’) on the Mahenge Liandu Graphite Project in Tanzania (‘Mahenge Liandu’ or the ‘Project’) ahead of an anticipated decision to mine in early 2019. The Feasibility Study will be undertaken by BatteryLimits, which recently completed the Scoping Study at Mahenge Liandu. Overview Feasibility Study commenced following successful completion of Scoping Study in March 2018 which delivered a pre-tax IRR of 122%, NPV of US$349m with a low development capex of US$35m and low operating costs of US$408/t. The Feasibility Study is designed to confirm the commercial viability of the deposit, which is one of the highest grade large flake projects in the world with a JORC Resource of 51.1Mt at 9.3% TGC. Feasibility Study parameters will be centred on a 400,000tpa over a 32 year mine life. Product quality test work and marketing of the high purity high quality graphite concentrates be a focus of the Feasibility Study. A diamond drilling programme will commence as soon as weather conditions permit which will be used for more detailed metallurgical work programme and for geotechnical sampling. Permitting activities are continuing with the recently announced formation of a Tanzanian Mining commission expected to improve the permitting process. Fully funded to completion of the Feasibility Study after the recently completed £963,500 capital raising. Expected completion of Feasibility Study in Q4 2018 allowing a decision to mine early in 2019. Nick Johansen, Director of Armadale said: “We are moving up through the gears of development at Mahenge Liandu, accelerated by the highly positive Scoping Study results delivered in March 2018 which highlighted the Project’s significant potential value, most notably through the delivery of an NPV of US$US349m and IRR of 122%. The commencement of a Feasibility Study, launched in conjunction with the relevant permitting activities, ensures that the Armadale team should be in a position to make a decision to mine in early 2019, looking to translate this significant potential value into real returns for shareholders. “We look forward to updating investors on the development of the Feasibility Study, together with our additional operational and marketing activities over the coming months.” Commencement of Feasibility Study The feasibility study will be based on a throughput of 400,000tpa over a 32 year mine life. The feasibility study will in

Acp's largest shareholder is also chairman of Volt Resources, an Australian Graphite company in Tanzania. https://thewest.com.au/business/public-companies/volt-moves-to-lock-in-chinese-graphite-off-take-ng-b88817589z

475,000 buy, good start again. Is the tide finally turning here?

Strong start again.

Back over 2p now. The placing is done, we have a million in the bank, Directors have bought. Hopefully all positive news to come. We also have gold deal revenue to come.

https://www.miningreview.com/armadale-optimisation-study-reveals-31-year-mine-life-for-tanzanian-graphite-project/

 in the interim Company will commence negotiations with identified strategic funders and offtake partners. Nick Johansen, Director of Armadale said: “We have long held confidence in the commercial potential and economic value of Mahenge and the results of this Scoping Study greatly reinforces this view. The Project’s NPV of US$US349m is significant, especially when compared to our current market cap of ~£5m.

Could Acp be looking at a JV with one of our close neighbours in Tanzania such as Kibaran or BlackRock? There's also Volt Resources who's chairman is our largest shareholder.

We need a new chairman update now to get the word out about this tiny company..worth potentially £100s of millions.

We, still have $500,000 coming to the company from the Mpokoto Gold deal, due an update Q1 so any time now. agree best RNS the company has put out. Incredible value at this price point.

Mahenge Liandu Scoping Study Delivers NPV of US$349m with 122% IRR Tue, 27th Mar 2018 08:15 Armadale, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce the results of the Scoping Study completed by BatteryLimits on the Mahenge Liandu Graphite Project in Tanzania (‘Mahenge’ or the ‘Project’), which demonstrates highly robust and compelling economics. Overview Scoping study completed at Mahenge on a 400,000 tpa throughput, producing an average of 49,000tpa of high quality graphite products during a 32 year life of mine The Project has a low operating cost of US$408/t and is based on an average life of mine grade of 12.5% Total Graphitic Carbon (‘TGC’) Results deliver a pre-tax IRR of 122% and NPV of US$349m with a low development capex of US$35m The maximum drawdown during the construction of the Project is US$34.9m and the after-tax payback period is 1.2 years Average basket price used in the Scoping Study (US$1,271 / t) considered very conservative and allows for significant upward improvements as potential off take agreements negotiated The deposit is one of the highest grade large flake deposits globally after the recent upgrade to 51.1Mt at 9.3% TGC, including 38.7Mt Indicted at 9.3% and 12.4Mt Inferred at 9.1% TGC – represents a 25% increase from the previous 40.9Mt inferred resource at 9.41% TGC There remains significant scope to further improve returns, with staged expansions as the current mine plan is based on approximately 25% of the total resource Results to feed into a feasibility study to progress the Project to a decision to mine early in 2019 – in the interim Company will commence negotiations with identified strategic funders and offtake partners. Nick Johansen, Director of Armadale said: “We have long held confidence in the commercial potential and economic value of Mahenge and the results of this Scoping Study greatly reinforces this view. The Project’s NPV of US$US349m is significant, especially when compared to our current market cap of ~£5m. With an IRR of 122%, 1.2 year payback and low development costs, we firmly believe that Mahenge is an attractive asset for development. Crucially, the Scoping Study was limited to just 25% of the Project’s current resource, which forms Stage 1 of a planned staged development programme. Accordingly, with an upgrade in throughput there is significant potential to improve the Project economics even further. Our next steps will now be to commence a definitive feasibility study so that we can advance Mahenge to a decision to mine early in 2019.” Dave Pass, Scoping Study Manager said: “The results of the Scoping Study confirm the combination of high graphite feed grade and coarse flake high purity graphite product, delivering robust project economics and warranting progress to the next phase of feasibility

Ends next week. Scoping study & gold agreement updates to come.

Some big buys showing. 2 x 450,000

Vox Markets - Taking all this into account, at a market capitalisation of £5.2m Armadale Capital seem to present decent upside especially when you compare them to a peers in Tanazania. For example Kibaran Resources are valued at A$36.63m (£20.2m) when Armadale Capital’s Indicated Resources are 3 times the size and yet their current market capitalisation is quarter of theirs.

https://smallcaps.com.au/graphite-stocks-asx-ultimate-guide/ Our neighbours in Tanzania are mentioned in the article

Gold agreement is due this quarter..this we eventually bring a steady royalty income in, as well at nearly $500,000 dollars due to Acp upon completion. I really cannot believe how undervalued this company is, it has got to be the most undervalued share on AIM. We have a major Graphite project of ev battery grade Graphite potentially $5 billion worth of it in our resource. Then on top a steady income from the gold mine royalty. The current share price is bargain basement imo.

Nick Johansen, Director of Armadale said: “To have defined a 31 year mine plan that can produce 400,000tpa of graphite at a grade of 12.5% is very exciting. Crucially the mine plan is based on near surface material with a very low strip ratio, which has positive cost impacts as the deposit will be relatively simple to mine and metallurgical test work to date has shown that minimal processing is required to produce a high grade, quality graphite concentrate. The results of this mine plan and optimisation work will feed into the Scoping Study, which is now nearing completion.

Using the 15.5% tgc would give a yearly revenue of $73,300,000. This isn't even taking into account the XL flake size ($1,750 pt) of which we have a decent amount. Does anyone know what the extraction cost is especially the near surface stuff.