Alba Mineral Resources plc said that its portfolio company GreenRoc Mining plc had identified significant graphite extensions at the Kalaaq deposit in Greenland. BUSINESS STRUCTURE The project lies south of Alba’s 100% owned Amitsoq graphite project and is run by GreenRoc in which Alba holds a 54% interest. FIELD PROGRAMME GreenRoc plc said that a […]
Tag: Alba Mineral Resources plc
Alba Mineral refused water discharge permit for Clogau-St David’s gold mine
Alba Mineral Resources plc said its application had been refused for an environmental permit to discharge water at Clogau-St David’s gold mine in North Wales. LLECHFRAITH SHAFT Alba had planned to allow treated mine water from the Llechfraith shaft to discharge to the Afon Cwm-llechen (River Cwm-Llechen). The company today reported that Natural Resources Wales (NRW) […]
Alba defines near-term development targets at Clogau
Alba Mineral Resources plc said it had identified two clear opportunities for near-term development at the Clogau-St David’s gold mine in North Wales. TARGETS Following 12 months’ drilling, the targets have been defined both along strike and down dip of areas of known historic gold production. The first is the Llechfraith payshoot (LLP), below the […]
Alba completes 100% acquisition of Greenland projects
Alba Mineral Resources plc has acquired outstanding minority interests to complete its 100% ownership of the Amitsoq graphite and Melville Bay iron ore projects in Greenland. The acquisitions are a precursor to the spin-out of Alba’s Greenland projects into a new AIM-quoted company Listco. The transaction requires 100% ownership of all the Greenland projects to be delivered to Listco. […]
Alba completes sale of Brockham oil interest
Alba Mineral Resources plc has completed the sale of its 5% interest in Brockham onshore oil field in Surrey to operator Angus Energy plc. The metals and minerals explorer said that the move was part of its drive to rationalise its non-core assets. In settlement of certain back costs and a contribution towards eventual abandonment […]
Alba to cut oil interests as losses rise
Alba Mineral Resources plc sid it planned to cut its onshore oil interests to focus on Clogau-St David’s gold mine in North Wales. HORSE HILL Results for year ended 30 November 2020 showed losses of £2,079,537 (2019: £1,312,40) while cash and equivalents increased to £1,512,031 (£211,333). Alba plans to reduce its investment in Horse Hill […]