Alba Mineral Resources plc has acquired an option to earn into a portfolio of gold licences, including “near-term” production opportunities, in northern Tanzania. VALUE The move follows the company’s signing an option last week for the Finnsbo rare earth project in eastern Sweden. Alba said that the Tanzanian licences were in the same district as […]
Tag: Alba Mineral Resources plc
Alba expands into Sweden with rare earth option
Alba MIneral Resources plc has entered an option for the Finnsbo rare earth project in the historic magnetite mining district of eastern Bergslagen in Uppland, eastern Sweden. VALUE The licence lies 15km north of the 540-year-old Dannemora magnetite mine, and within the southern fringes of the “regionally extensive” high strain ductile Forsmark Deformation Zone. Current […]
Alba raises £300,000 via placing
Alba Mineral Resources plc has raised £300,000 by a placing of one billion new ordinary shares at 0.03 pence per ordinary share. USES Following admission, the company’s total ordinary shares in issue will number 10,736,939,266, with none held in treasury. Alba today also opened a separate retail offer at the same price per share to […]
Alba to process 25t of historic Clogau ore
Alba Mineral Resources plc has removed around 25 tonnes of ore from historic mining, due to be processed for gold, from the Llechfraith target at its Clogau-St David’s mine in north Wales. BLASTING The “significant” exercise cleared the in-situ ore on levels 4 and 5, which “greatly exceeded” the anticipated volume and consequently extended the […]
Alba completes first blast at Clogau
Alba Mineral Resources plc has successfully completed the first blast at its Llechfraith priority gold target at Clogau gold mine in north Wales. COMMERCIAL “We are delighted to have successfully and safely completed the first blast at our main gold target at Clogau, the Llechfraith target,” said executive chairman George Frangeskides. “To our knowledge, this is […]
Alba raises £192,522 via retail offer
Alba Mineral Resources plc has conditionally raised approximately £192,522 before expenses via a “significantly oversubscribed” retail offer, exceeding its target of £100,000. The company issued 550,063,457 new ordinary shares of 0.01 pence each in the company at 0.035 pence per share. Following admission, Alba’s total number of ordinary shares in issue will be 9,725,510,695, with voting rights. The company holds […]