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AGM Statement

30 Jun 2020 10:30

 

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

30 June 2020

Armadale Capital Plc(‘Armadale’ or ‘the Company’)

AGM Statement

Armadale Capital plc (LON: ACP) the AIM quoted investment company focused on natural resource projects in Africa, held its annual general meeting (‘AGM’) today and all resolutions were duly passed.

**ENDS**

Enquiries:

 

Armadale Capital Plc

Nick Johansen, Non-Executive Director

Tim Jones, Company Secretary

+44 (0) 20 7236 1177

Nomad and broker: finnCap Ltd

Christopher Raggett / Teddy Whiley

+44 (0) 20 7220 0500

Joint Broker: SI Capital Ltd

Nick Emerson

+44 (0) 1483 413500

Press Relations: St Brides Partners Ltd

Charlotte Page / Beth Melluish

+44 (0) 20 7236 1177

 

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.

The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The Project is located in a highly prospective region with a high-grade JORC compliant Indicated and inferred mineral resource estimate of 59.48Mt @ 9.8% TGC, making it one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu’s potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.

Other assets Armadale has an interest in, include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.

More information can be found on the website www.armadalecapitalplc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200630005420/en/

Copyright Business Wire 2020

Date   Source Headline
27th Mar 20188:15 amBUSMahenge Liandu Scoping Study Delivers NPV of US$349m with 122% IRR
19th Mar 20187:00 amBUS31 Year Mine Plan Completed for Mahenge Liandu Graphite Project
2nd Mar 20181:16 pmBUSStatement re Broker
7th Feb 201810:00 amBUSMahenge Liandu Resource Upgrade to 51.1Mt at 9.3% TGC with 75% now in the Indicated Category
29th Jan 20187:00 amBUSExploration Update and Licencing Applications Commence at Mahenge Liandu
12th Jan 20187:00 amBUSArmadale agrees to sell non-core Mpokoto Project
2nd Jan 20187:00 amBUS98.2% Purity Achieved from Bulk Test Work at Mahenge Liandu
19th Dec 20179:00 amBUSIssue of Equity
27th Nov 20177:00 amBUSIssue of Equity
23rd Nov 201710:30 amBUSAppointment of Study Manager and Development Update
7th Nov 20178:31 amBUSExcellent Drilling Results Continue at Mahenge Liandu
20th Oct 20178:30 amBUSFunding Secured to Advance Development of Mahenge Liandu Graphite Project
29th Sep 20177:00 amBUSHigh Value Graphite Concentrate with +48% in Super Jumbo, Jumbo and Large Flake Size Produced
26th Sep 20177:00 amBUSInterim Results
7th Sep 20177:00 amBUSExceptional Graphite Concentrate of up to 99.1% Graphitic Carbon Produced from Mahenge Liandu
17th Aug 20177:00 amBUS1.2km Mineralised Strike Identified at Mahenge Liandu Graphite Project
1st Aug 20177:00 amBUSExcellent Drilling Results Continue at Mahenge Liandu Graphite Project
19th Jul 20177:00 amBUSExploration Update at Mahenge Liandu Graphite Project, Tanzania
13th Jul 201712:01 pmBUSConvertible Note Update
4th Jul 20172:31 pmBUSTanzanian Legislation
26th Jun 20174:35 pmBUSResult of AGM
26th Jun 20177:00 amBUSAGM Statement
21st Jun 20177:00 amBUSExploration Update: Trenching Intercepts Wide Zones of High Grade Graphite
5th Jun 20177:00 amBUSUpdate on 2017 Exploration Programme at Mahenge Liandu Graphite Project
2nd Jun 20177:00 amBUSFinal Results
3rd May 20177:00 amBUSGraphite Concentrate Upgraded to Purity of up to 99.99% Graphitic Carbon
21st Apr 20179:31 amBUSExcellent Test Results for Mahenge Liandu Graphite Concentrate
29th Mar 20177:00 amBUS2017 Mahenge Liandu Exploration Programme Commenced: Targeting Resource Increase and Upgrade
28th Feb 201712:47 pmBUSDirectorate change
2nd Feb 201711:45 amBUSInitial Metallurgical Test-work Results
23rd Jan 20172:16 pmBUSDirector/PDMR Dealing
20th Jan 20174:12 pmBUSNew Corporate Website - Replacement
20th Jan 20173:40 pmBUSNew Corporate Website
18th Jan 20177:00 amBUSPlacing to Raise £650,000
5th Jan 20177:00 amBUSNumber of Shares in Issue
8th Dec 20167:00 amBUSMaiden JORC Compliant Mineral Resource Estimate of 40.9Mt @ 9.41% Total Graphitic Content
5th Dec 20167:00 amBUSJoint Venture Agreement Proceeding on Mpokoto Gold Project
11th Nov 201610:00 amBUSHolding(s) in Company
8th Nov 20167:00 amBUSInitial Assay Results Confirm High-Grade Graphite Mineralisation up to 26% TGC
2nd Nov 20169:45 amBUSHolding(s) in Company
26th Oct 20167:00 amBUS85% Strike Rate of High Grade Graphite Mineralisation from Drilling at Mahenge Liandu, Tanzania
18th Oct 20167:00 amBUSPositive Drill Results from Mahenge Liandu Graphite Project
18th Oct 20167:00 amBUSDirectorate change
11th Oct 20167:00 amBUSIssue of Equity
7th Oct 20167:00 amBUSDiscovery of High-Grade Coarse Flake Graphite Mineralisation Mahenge Liandu Project
28th Sep 20167:39 amBUSBinding HOA to Form Joint Venture to Develop Mpokoto and Directorate Change
23rd Sep 20167:00 amBUSDrilling Commences at the Mahenge Liandu Graphite Project, Tanzania
22nd Sep 20167:00 amBUSInterim Results
16th Aug 20167:00 amBUSGeological Mapping Identifies Extensive Outcropping Mineralisation at Mahenge Liandu Graphite Project, Tanzania
10th Aug 20167:00 amBUSDirectorate Change

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