Armadale says reverse circulation drilling has started over a 2km strike length at its high-grade Mahenge Liandu graphite project in Tanzania.
Chairman William Frewen said: "The commencement of RC drilling at the Mahenge Liandu graphite project in Tanzania is an important milestone to cross having acquired the Project just two months ago.
"Having identified high grade target areas through initial explorative work, our focus is now on defining a JORC compliant resource, with this drill campaign central to this. Timing wise, it could not be better for a nascent natural graphite explorer.
"Surging global demand for electric vehicles and power storage utilities are directly driving lithium-ion battery manufacturers to increase output at an accelerating rate. In turn, this dynamic creates excellent future opportunities for Armadale Capital and added incentives to expedite progress of the Mahenge Liandu graphite project."
At 9:39am: (LON:ACP) Armadale Capital PLC share price was 0p at 2p