Proactive Investors - Run By Investors For Investors

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.''

Meet Location Sciences Group PLC, Itaconix Plc, Shield Therapeutics PLC and WideCells Group at our event, London , 21 March 2019. Register here »
View full ACP profile View Profile

Armadale Capital PLC Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use