Armadale Capital has released results for the year ending December 2018. The main activity during the year was the continuing evaluation of the Mahenge graphite project in southern Tanzania. A Scoping Study was completed during the year, based on a 400,000 tonnes per year open pit mining operation, producing 49,000 tonnes per year of high quality graphite. The study delivered a robust economic return including an unrisked post-tax IRR of 89% and an unrisked post-tax NPV of US$239m. This is an
28 May 2019
Armadale Capital - 2018 Annual Results
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Armadale Capital - 2018 Annual Results
Armadale Capital Plc (ACP:LON) | 0.8 0 (-3.2%) | Mkt Cap: 4.41m
- Published:
28 May 2019 -
Author:
Cavendish Research -
Pages:
3
Armadale Capital has released results for the year ending December 2018. The main activity during the year was the continuing evaluation of the Mahenge graphite project in southern Tanzania. A Scoping Study was completed during the year, based on a 400,000 tonnes per year open pit mining operation, producing 49,000 tonnes per year of high quality graphite. The study delivered a robust economic return including an unrisked post-tax IRR of 89% and an unrisked post-tax NPV of US$239m. This is an