Alba Mineral Resources plc plans to create a spin-out focused on its mineral assets in Greenland. RATIONALE The company’s portfolio includes Amitsoq graphite, Thule Black Sands ilmenite, and Melville Bay iron ore. Alba is finishing preparations for 2021 summer drill programmes as it awaits lifting of travel restrictions due to Covid-19. The company ruled out […]
Tag: Alba Mineral Resources plc
Alba checks waste rock dump for early gold revenue at Clogau
Alba Mineral Resources plc said it would soon start the evaluation pitting of the historic waste rock dump at the Clogau-St David’s gold mine in North Wales. PROGRAMME The dump, containing material derived from the internal development of the mine during past periods of production, is estimated to cover some 30,000 km2 (7/10th of an […]
Alba to restart exploration at lead-zinc project in Limerick
Alba Mineral Resources plc said it would restart exploration including drilling after it had identified three main target zones at its Limerick base metals project in Ireland. TARGETS A structural review showed three exploration target areas lie within PL3824, each with a number of structural and geological features found in zinc-lead deposits in the Irish […]
Alba renews Limerick zinc-lead licence until 2022
Alba Mineral Resources plc has renewed its exploration licence PL3824 for base metals in Limerick, western Ireland. TERMS The company now has until 26 May 2022 to determine the next phase of exploration which might include drilling key zinc targets. Alba must spend €15,732 by 26 May 2021 and a further €50,000 by 26 May […]
Alba Mineral raises £1.2m through shares placing
Alba Mineral Resources plc has raised £1.2 million before expenses through the issue of 320,000,000 new ordinary shares at a price of 0.375 pence per ordinary share. Share warrants will also be issued to each subscriber in the placing, with one warrant for every two shares subscribed for, for a total of 160,000,000 warrants.
Alba secures Dolgellau gold belt exploration rights
Alba Mineral Resources plc announced it has been awarded a six-year exploration licence, renewable by up to four years, to the Gwynfynydd gold mine in Gwynedd, North Wales. The mine is the second largest producer of gold, after Clogau-St David’s gold mine, in the UK’s history. The award means that Alba has now secured the […]