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AIM dog Armadale Capital (ACP) says it will spend 2015 upgrading and preparing its low-grade Mpokoto gold project in the Democratic Republic of Congo (DRC) to start production next year. The company, which has transformed itself from a South African coal briquetting and acid mine drainage specialist called Watermark Global into a would-be gold mine developer and lost 99% of its original stockmarket value along the way, indicates it has finalised a drilling programme for Mpokoto, in Congo’s mineral-rich province of Katanga, with a view to upgrading its present formal resource estimate of 678,00oz. with 1.45 grammes of gold per tonne of ore.
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