Shares in Armadale Capital (LSE:ACP) sat at 1.1p on Tuesday morning after the graphite-focused firm revealed several areas of substantial progress at its flagship Mahenge Liandu project in Tanzania.
Armadale said initial metallurgical test-work results for the project, which it is currently advancing towards commercialisation, demonstrated graphite recovery of up to 95pc total graphite content (TGC). Although this is consistent with expectations, the organisation is now completing incremental test-work to enhance the quality of its final graphite concentrate product.
It added that this new stage of metallurgical work is ‘progressing well’, with targeted premium purity levels currently sitting in the 95-97pc range. Such an enhancement would place Mahenge Liandu towards the high-end of graphite project globally, potentially facilitating premium pricing being factored into future offtake agreements…
This article was originally published on our sister site MiningMaven.com, to read it in full please click here…