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Published on Oct 28, 2016
Charles
Zorab of Armadale Capital PLC (LON:ACP) talks to Proactive Investors
about the 2016 drilling campaign at the Mahenge Liandu graphite project
in Tanzania.
Of a total of 21 drill holes, 18 hit coarse-grained graphite mineralisation along a two kilometre strike length, and Zorab said,
“We’re very pleased with the results, and they really do indicate what our chairman has been saying, which is we believe we have a very substantial graphite resource here”.
What’s more, all the graphite intersected has been near the surface, and what this means, Zorab explained, “is that the cost of getting it out of the ground is going to be consequently less”.
The graphite is coarse grade, which Zorab said typically sells at a premium to fine grade.
Graphite is used in many applications, so demand is good, particularly from the technology industries.
“The big elephant in the room is clearly going to be – in fact, is – these lithium ion batteries, which go into electric cars, smartphones, tablets, computers etc.
“Obviously with the advent of electric vehicles, that [demand] can only increase, and some estimates say that demand will double in the next eight years for graphite,” Zorab said.
http://www.4-traders.com/ARMADALE-CAPITAL-PLC-22744031/
www.armadalecapitalplc.com/investor-relations.asp
Of a total of 21 drill holes, 18 hit coarse-grained graphite mineralisation along a two kilometre strike length, and Zorab said,
“We’re very pleased with the results, and they really do indicate what our chairman has been saying, which is we believe we have a very substantial graphite resource here”.
What’s more, all the graphite intersected has been near the surface, and what this means, Zorab explained, “is that the cost of getting it out of the ground is going to be consequently less”.
The graphite is coarse grade, which Zorab said typically sells at a premium to fine grade.
Graphite is used in many applications, so demand is good, particularly from the technology industries.
“The big elephant in the room is clearly going to be – in fact, is – these lithium ion batteries, which go into electric cars, smartphones, tablets, computers etc.
“Obviously with the advent of electric vehicles, that [demand] can only increase, and some estimates say that demand will double in the next eight years for graphite,” Zorab said.
http://www.4-traders.com/ARMADALE-CAPITAL-PLC-22744031/
www.armadalecapitalplc.com/investor-relations.asp
— Armadale Capital plc (@ArmadaleCapital) October 28, 2016
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