Result of AGM
Updated : 12:15
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
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**
For further information, please visit the Company’s website www.armadalecapitalplc.com, follow Armadale on Twitter @ArmadaleCapital or contact:
| Enquiries: | |
| Armadale Capital Plc Paul Johnson, Non-Executive Director (UK) Tim Jones, Company Secretary | +44 (0) 20 7236 1177 |
| Nomad and broker: finnCap Ltd Christopher Raggett / Max Bullen-Smith | +44 (0) 20 7220 0500 |
| Joint Broker: SI Capital Nick Emmerson | ++44 (0) 1483 413500 |
| Press Relations: St Brides Partners Ltd Isabel de Salis / Juliet Earl | +44 (0) 20 7236 1177 |
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 51.1Mt @ 9.3% 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.
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