ARMADALE CAPITAL PLC: Assessment of Mahenge Natural Flake Graphite for Battery Applications
August 13 2020 - 8:15AM
UK Regulatory
TIDMACP
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector:
Investment Company
13 August 2020
Armadale Capital Plc
('Armadale' or 'the Company')
Assessment of Mahenge Natural Flake Graphite for Battery
Applications
Armadale Capital plc (LON: ACP) the AIM quoted investment group
focused on natural resource projects in Africa, is pleased to
announce that it has commenced testing with Australia's
Commonwealth Scientific and Industrial Research Organisation
("CSIRO") of the Company's natural flake graphite from its
100%-owned Mahenge Graphite Project (the 'Mahenge Graphite') in
south-east Tanzania, for battery applications.
This testwork follows on from previous programmes which have
demonstrated that outstanding purity of up to of 99.99% Total
Graphitic Carbon can be achieved using conventional treatment.
Armadale is also pleased to announce that it has been successful
in its application to be the recipient of a co-funding dollar for
dollar grant from CSIRO whereby every dollar spent by Armadale in
undertaking testwork related to the testing of the Mahenge Graphite
is matched by a CSIRO grant.
Highlights
-- CSIRO will use its battery expertise and knowledge to evaluate the
Mahenge natural flake graphite for its suitability for use in the battery
graphite market
-- Graphite battery electrodes will be constructed and tested under
different loads to determine how the Mahenge Graphite compares to other
graphite concentrates
-- The test programme will run alongside and complement the previous
testwork programme which has been completed and is expected to add
significantly to the marketability of the Mahenge Graphite product
-- Previous testwork has highlighted the premium quality of the Mahenge
Graphite with the exceptionally high purity crucial for the battery
market consistently achieved from the Mahenge region
-- Armadale is also investigating the potential for downstream testwork in
graphene production for the extremely high-value graphene market from its
high quality graphite concentrate
Armadale Chairman, Nick Johansen, commented:
"We are extremely pleased to take this next step in our journey
towards becoming a significant graphite producer, there is a great
deal of value for shareholders in this next step which we are
confident will highlight the premium quality of the Mahenge
Graphite and allow us to confidently market it as a high-value
product for the rapidly expanding EV market. We hope to be able to
update the market consistently with regards to our progress with
CSIRO.
"As previously referenced, the Company has been involved in
progressive funding discussions with a range of other parties in
regard to moving forward with project development funding, these
discussions are continuing positively. The Mahenge Graphite Project
is exceptional in its outstanding economics and represents a very
attractive opportunity for financiers who wish to gain exposure at
a crucial inflection point in its development. The Company hopes to
be in a position to provide further updates on developments in the
near-term."
Graphite Testing Process
CSIRO will complete the testing in its Melbourne facility where
the graphite will be characterised with Particle Size distribution,
Scanning Electron Microscopy, BET surface area, Tap density, Ash
Content and any contaminates.
Graphite battery electrodes will be prepared to construct coin
cells in half-cell configuration. This will be similar to
commercial battery electrode manufacture.
The half cells will then be tested with different current
densities to determine the suitability of the natural flake
graphite for the battery market.
CSIRO will collate the battery testing and issue a report on the
evaluation of the Mahenge Graphite for use in battery applications
and a comparison to commercial natural flake graphite powder
currently used in battery applications.
**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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200813005438/en/
CONTACT:
Armadale Capital Plc
SOURCE: Armadale Capital Plc
Copyright Business Wire 2020
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