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Last 3.75 GBp
Change Today -0.25 / -6.25%
Volume 1.0M
ACP On Other Exchanges
Symbol
Exchange
London
Berlin
As of 11:30 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

armadale capital plc (ACP) Snapshot

Open
4.00 GBp
Previous Close
4.00 GBp
Day High
4.00 GBp
Day Low
3.63 GBp
52 Week High
09/4/14 - 15.00 GBp
52 Week Low
05/29/15 - 2.48 GBp
Market Cap
2.7M
Average Volume 10 Days
2.7M
EPS TTM
-0.04 GBp
Shares Outstanding
72.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ARMADALE CAPITAL PLC (ACP)

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armadale capital plc (ACP) Details

Armadale Capital Plc is focused on investing in and developing a portfolio of investments in natural resources and related sectors in Africa. The company owns the right to an 80% interest in the Mpokoto Gold Project located in the Katanga Province in the south of the Democratic Republic of the Congo. It also processing waste coal fines and briquettes; and is involved in the treatment of acid mine drainage in the Witwatersrand basins. The company was formerly known as Watermark Global Plc and changed its name to Armadale Capital Plc in July 2013. Armadale Capital Plc was incorporated in 2005 and is based in London, the United Kingdom.

6 Employees
Last Reported Date: 05/28/15
Founded in 2005

armadale capital plc (ACP) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

armadale capital plc (ACP) Key Developments

Armadale Capital Plc Develops Process Route for Gold Recovery Following Metallurgical Testwork

Armadale Capital Plc announced that a review of metallurgical testwork has supported the development of a planned process route for gold recovery at the 678,000oz Mpokoto Gold Project in the Katanga Province of the Democratic Republic of the Congo (Mpokoto or the Project). A production rate of approximately 25,000oz Au per annum over an initial nine year life of mine is targeted to commence at the Project in H1 2016, with an average projected operating cost of USD 647/oz. As part of the Definitive Feasibility Study (‘DFS’) for Mpokoto, the Company has completed a review of all previous metallurgical testwork. The evaluation encompasses all historic testwork going back to 2005, through to the most recent gravity and leaching testwork produced by Peacock and Simpson in 2015. Based on the review and recent results Armadale has selected a process route for the first phase of the Project: Phase 1, when the majority of the ore feed is weathered and deeply oxidised: the plant will consist of scrubbing, milling, a batch Knelson concentrator to recover the free gold, and flotation of the Knelson tailings. The flotation concentrate will be intensively cyanided. Phase 2, as the amount of weathered ore decreases and the proportion of transitional and fresh ore increases: a regrind ball mill will be added to grind the flotation concentrate and a Carbon-In-Leach (‘CIL’) circuit will be added to leach the flotation tailings. Recoveries of between 88% and 90% are expected on the weathered ore and 84% on the transitional and fresh ore, prior to the CIL circuit being added. During the DFS further testwork will be completed to determine the effect of adding the CIL circuit to the treatment of transitional and fresh ores.

Armadale to Commence Drilling Programme in Late July and Undertake Further Analysis of the Mpokoto Gold Project in the Katanga Province of the Democratic Republic of Congo

Armadale announced that it is to commence a 2,500 m drilling programme in late July and undertake further analysis of the geological work conducted to-date with a view to increasing the current 678,000 oz gold (‘Au’) resource and optimising the already compelling economics of the Mpokoto Gold Project (‘Mpokoto’ or the ‘Project’) in the Katanga Province of the Democratic Republic of Congo. The Project continues to be advanced towards commercial production, which is targeted to commence on first half of 2016. The proposed 2,500 m drilling programme will have several objectives including targeting primary and down dip mineralization beyond the planned present optimized pit limits. In particular, the recent work by CSA has highlighted the possibility of extensions of high grade mineralisation in sheared altered mafic rocks intersected in drill hole MPDD0064, which intercepted 27.9 metres @ 7.8 Au g/t. In addition, the geological work points toward laterally continuous zones of mineralisation. Further drilling will target near-surface "along strike mineralisation" which has the potential to substantially extend planned pits to the north-west. An Exploration Target of between 2.4 Mt to 3.0 Mt at a grade of 1.25 to 1.5 g/t Au for an additional 120,000 to 150,000 ounces of gold has been identified and the Company hopes to bring these ounces "to book" in the planned drilling programme. The programme is expected to commence during the next few weeks and is expected to take 8-12 weeks to complete, depending on conditions and number of drill rigs available. The geological review completed in 2014 revealed a strong structural control on the origin and geometry of mineralisation. The implication is that the extension of mineralisation can be extrapolated and targeted with a higher degree of confidence from known mineralised intercepts. This concept is at the base of the proposed drilling work for the expansion of the resource to the north-west. Work in this area should be implemented by way of step out drilling from the current most north-western drilling traverse on nominally 50 m spacing, so that the drilling can be adjusted in line with the intersection of mineralisation. Up to 400 m strike length of stacked mineralisation lenses can potentially be added to the resource base. Initially the near-surface mineralisation should be targeted to a depth of 75 m.

Armadale Capital Plc, Annual General Meeting, Jun 22, 2015

Armadale Capital Plc, Annual General Meeting, Jun 22, 2015., at 11:00 GMT Standard Time. Location: 55, Gower Street.

 

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