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Armadale Capital in advanced offtake talks as it progresses flagship graphite project

Matt Bull, technical director at Armadale Capital (LON:ACP), updates Proactive London's Andrew Scott on developments at the Mahenge Liandu graphite project in Tanzania.

Bull says they're on track to complete a definitive feasibility study (DFS) on the project by Q4 this year.

A scoping study released in 2018 revealed an NPV for the project of US$349 mln and development CAPEX of US$35 mln.

Quick facts: Armadale Capital PLC

Price: 2.25 GBX

AIM:ACP
Market: AIM
Market Cap: £9.14 m
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