Brief: Armadale Capital - DFS Update Increases Mahenge NPV To $430 Mln

Armadale Capital

05/06/2020 11:49

June 5 (Reuters) - Armadale Capital PLC  ACPA.L :
    * ARMADALE CAPITAL PLC - DFS UPDATE INCREASES MAHENGE NPV TO
$430
MILLION
    * ARMADALE CAPITAL PLC - UPDATED MINE SCHEDULE REAFFIRMS
MAHENGE
AS A LONG-LIFE LOW-COST GRAPHITE PROJECT
    * ARMADALE CAPITAL - 30% INCREASE IN AVERAGE ANNUAL
PRODUCTION OF
LARGE FLAKE HIGH-PURITY GRAPHITE TO 109KTPA FOR MAHENGE
    * ARMADALE CAPITAL - PROJECTED TIMELINE TO FIRST PRODUCTION
IS
EXPECTED TO BE ABOUT 10-12 MONTHS FROM START OF CONSTRUCTION FOR
MAHENGE

Source text for Eikon:  ID:nBw2BK6v0a 
Further company coverage:  ACPA.L 

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