TIDMACP

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

30 June 2020

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**

 
Enquiries: 
Armadale Capital Plc 
 Nick Johansen, Non-Executive Director 
 Tim Jones, Company Secretary             +44 (0) 20 7236 1177 
Nomad and broker: finnCap Ltd 
 Christopher Raggett / Teddy Whiley       +44 (0) 20 7220 0500 
Joint Broker: SI Capital Ltd 
 Nick Emerson                             +44 (0) 1483 413500 
Press Relations: St Brides Partners Ltd 
 Charlotte Page / Beth Melluish           +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 59.48Mt @ 9.8% 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.

Other assets Armadale has an interest in, include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.

More information can be found on the website www.armadalecapitalplc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200630005420/en/

 
    CONTACT:

Armadale Capital Plc

 
    SOURCE: Armadale Capital Plc 
Copyright Business Wire 2020

(END) Dow Jones Newswires

June 30, 2020 05:30 ET (09:30 GMT)

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