ACPA – Armadale Capital PLC

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Armadale Capital Plc is a United Kingdom-based investment company. The Company is focused on investing in natural resource projects in Africa. The Company’s primary focus is on the Mahenge Graphite Project, located in a coarse flake graphite region in Tanzania. It has 100% interest in the Mahenge Graphite Project, which is located in a highly prospective region in south-east Tanzania and has a high-grade Joint Ore Reserves Committee (JORC) compliant indicated and inferred mineral resource estimate of 20.4 metric tons (Mt) @ 9.8% total graphitic content (TGC). The project owns mining licenses, ML/007744/2020, which cover an area of approximately 8.54 square kilometers (km2).

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