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