Armadale Capital Plc mine design and project engineer site visit update

Highlights

• Comprehensive site visit undertaken by the project engineer tasked with designing the graphite mine.
• Mine design to be optimised to ensure high grade areas are targeted first ensuring stronger cashflow generation in the early years.
• Project engineer has reviewed the site layout to garner a primary under-standing of the logistics, terrain and route to market.
• Meetings undertaken with mining contractors, third party suppliers and lo-gistics operators to ensure seamless route to transport graphite concentrate to port.
• Important discussions held with local communities and their leaders, who remain very positive on the project as well as viewing the facilities available to house visiting contractors.
• All assumptions for the DFS have now been stress tested and verified.

Nick Johansen Director of Armadale said: “Over the past six months, signifi-cant progress has been made defining a high-grade resource, completing MOUs and progressing the commercialisation strategy. With our funding position now secure, the Board is delighted to continue progressing Armadale’s ongoing tran-sition from explorer to emerging producer.

“The site visit by the Project engineer tasked with designing the mine is a key milestone as it signifies the concept is moving towards reality and is an im-portant step as we finalise the Project’s DFS. We are now looking beyond the completion of the DFS to focus on the commercialisation strategy in order to deliver a high-quality graphite product to our off-take partners. As part of this process, the Board has been increasingly focused on project infrastructure and ensuring all the elements necessary to commence mining operations in a timely manner are in place.

Read the article online at: https://www.globalminingreview.com/finance-business/12112019/armadale-capital-plc-mine-design-and-project-engineer-site-visit-update/