Armadale announced that it has made further progress developing the mining lease at the Mahenge Liandu Project in Tanzania, as part of ongoing plans to hasten the road to commissioning commercial operations. Furthermore, the Board has applied for three incremental exploration licences which are prospective for graphite mineralisation and materially enhance the Mahenge Liandu Project's exploration potential. The Board has advanced the development of the mining lease at the Mahenge Liandu Project on several fronts, which collectively aid progressing the path towards commercial operations.

This includes the following areas: Environmental compliance: To ensure compliance with environmental criteria, the team in Tanzania have installed several instruments for monitoring weather conditions and surface water events. The resultant data will be used in various environmental monitoring studies. Geotechnical studies: These are now underway, as the team has identified the location of several geotechnical holes.

Currently, a bulldozer is being mobilized to site to commence clearing the pads. Ground water monitoring: This dovetails in with the completion of the geotechnical pads, as boreholes for ground water monitoring have already been identified. The next phase is to complete clearing the drill-pads so that once the environmental studies are completed, the ground water monitoring boreholes can be drilled.

Early Works Development Program: The ongoing work program is focused on planning the early works construction phase of the project development, to allow for a faster development time as funding is secured. Project economics and free carry interest: A local private consultancy, Above Ground Advisory, has been engaged to initiate talks with the Tanzanian government to progress the economics and free carried interest of the Mahenge Liandu Project.