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Armadale Capital PLC

Armadale says focus is on Tanzania after Mpokoto Gold Project

William Frewen, chairman at natural resource investment company Armadale Capital PLC (LON:ACP) discusses the options for Mpokoto after the joint venture agreement with Kisenge Mining to develop and operate the gold project, located in the Katanga Province of the Democratic Republic of Congo.

"We now have unlimited upside" and various options to benefit from the development of the asset, he points out.

"Tanzania is where we are concentrating" Frewen added. "It is a much easier place to do business and where the company  hopes to develop a low-cost graphite mining project.''

Quick facts: Armadale Capital PLC

Price: £0.02

Market: AIM
Market Cap: £8.26 m
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