Mahenge Liandu Graphite Project

Armadale owns a 100% interest in the Mahenge Liandu Graphite Project in south-east Tanzania

Resource Map estimate- updated 04.01.17

Armadale acquired a 100% interest Mahenge Liandu in July 2016.

The Project is located in a highly prospective region in south-east Tanzania, with a high-grade JORC compliant inferred mineral resource estimate of 40.9Mt @ 9.41% TGC. At least 32Mt of this resource has an average grade of 10.47% TGC, one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu’s potential as a commercially viable deposit.

Indeed, a 1,400m reverse circulation drilling programme undertaken in September 2016, covering a 2km strike length, achieved an 85% strike rate of high grade coarse flake mineralisation, which was intersected near to surface thereby implying a low strip ratio. Furthermore, metallurgical test work shows that purity of up to 99.99% graphitic carbon can be achieved from graphite concentrates produced whilst 61% of flake size has measured in the Super Jumbo, Jumbo and Large flake categories.

These results underpin the Project’s ability to produce high quality, commercial graphite concentrates which should be suitable for a number of applications.p>

Further metallurgical test-work is underway to define the quality of the product and an additional 2,500m drill programme is being undertaken to test extensions to the current resource and to upgrade the resource classification.