Armadale Capital increases resource estimate at Tanzania prospect
Source - SMW
Armadale Capital said the resource estimate had been upgraded at the Mahenge Liandu graphite project in Tanzania.
The resource had been upgraded to 51.1Mt at 9.3% total graphitic carbon, up 25% from the previous estimate, the company said.
The new resource estimate would feed into an on-going scoping study, targeted for completion by the end of the first quarter, director Nick Johansen said.
At 1:34pm: (LON:ACP) Armadale Capital PLC share price was +0.2p at 2.13p