Armadale Capital
Armadale, the AIM quoted investment company, has confirmed extensive areas of outcropping graphite mineralisation at its Mahenge Liandu graphite project.

Tanzania – This follows the completion of geological mapping at the high grade project, which Armadale recently acquired.

This is coincident with the conductive targets identified by the recent electro-magnetic (EM) survey and further highlights the prospectivity of the project.

The company has now commenced digging pits into areas of outcrop to obtain samples for initial metallurgical test work of the graphite mineralisation.  Mobilising equipment, including a bulldozer to clear drilling pads, is now underway with management expecting drilling to commence in early September 2016.

“We are pleased to confirm that mapping and pit work on site covering both the eastern and western zones has identified extensive areas of surface graphite schist outcrop.  These new areas will now be included as priority targets for our drilling programme commencing in the coming weeks,” says William Frewen, chairman of Armadale.

Rock chip sampling has highlighted high grade graphite mineralisation of up to 33.8% Total Graphite Content (TGC).  This supports recent drill results of 60 Mt at 10.7% TGC, including 24 Mt at 12.9% TGC and 5 Mt at 21.5% TGC with all results near the surface.

“The EM survey and mapping has increased our confidence in identifying a large resource.”

“The primary prospect has a strike length of 2.6 km at Mahenge Liandu, which remains open.  A further mineralised zone identified to the west of this prospect, which has a 3.7 km strike length, remains open.”

Global graphite demand

“The global demand for graphite has been rapidly increasing.  We are pleased to note the recent success of our neighbouring peer Kibaran signing key off-take agreements with Japanese trading-house Sojitz and German multi-national conglomerate ThyssenKrupp.  The signing of these contracts validates the mining potential in Tanzania and the specific graphite region that we are working in,” says Frewen.