LONDON--(BUSINESS WIRE)--
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
30 June 2020
Armadale Capital Plc
(‘Armadale’ or ‘the Company’)
AGM Statement
Armadale Capital plc (LON: ACP) the AIM quoted investment company focused on natural resource projects in Africa, held its annual general meeting (‘AGM’) today and all resolutions were duly passed.
**ENDS**
Enquiries: |
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Armadale Capital Plc Nick Johansen, Non-Executive Director Tim Jones, Company Secretary |
+44 (0) 20 7236 1177 |
Nomad and broker: finnCap Ltd Christopher Raggett / Teddy Whiley |
+44 (0) 20 7220 0500 |
Joint Broker: SI Capital Ltd Nick Emerson |
+44 (0) 1483 413500 |
Press Relations: St Brides Partners Ltd Charlotte Page / Beth Melluish |
+44 (0) 20 7236 1177
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Notes
Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.
The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The Project is located in a highly prospective region with a high-grade JORC compliant Indicated and inferred mineral resource estimate of 59.48Mt @ 9.8% TGC, making it one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu’s potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.
Other assets Armadale has an interest in, include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.
More information can be found on the website www.armadalecapitalplc.com.