Alba Mineral Resources plc has raised £300,000 in a placing and subscription of 857,142,857 new ordinary shares at 0.035 pence per ordinary share. USES Chairman George Frangeskides subscribed for 48,571,428 shares for £17,000 and non-executive director Michael Nott subscribed for 8,571,428 (£3,000). Following admission, the total number of ordinary shares in issue will be 9,175,447,238, with voting rights. The […]
Tag: Alba Mineral Resources plc
Alba reports ‘highly creditable’ fines gold
Alba Mineral Resources plc said it had a “highly creditable” result from processing fines from the surface waste tip at its Clogau-St David’s gold mine in north Wales. HISTORICAL Trench one revealed 16.4 grams equating to back-calculated head grade for the -20mm fines material of 3.83 g/t from trench one. Trench three resulted in 14.2 grams, […]
Alba enters pre-blasting phase at Clogau
Alba Mineral Resources plc this week entered the pre-blasting phase in the Lower Llechfraith workings at Clogau-St David’s gold mine, north Wales. MINING A total 100m of cabling is being installed and a new pump lowered to No.4 level to complete dewatering of No.5 level. “The new pump is a sludge pump with a high head […]
GreenRoc raises £110,000 via subscription
GreenRoc Mining plc has this week raised a further £110,000 via a subscription of a total 6,111,108 new ordinary shares of 0.1 pence each at a price of 1.8 pence per share. DIRECTORS/PDMRs The company’s directors, persons discharging managerial responsibilities, its largest shareholder Alba Mineral Resources plc and a number of Alba concert parties took […]
Alba extends lithium option and progresses Clogau
Alba Mineral Resources plc has extended the due diligence period for the Andover West lithium project in Western Australia while progressing operations at its Clogau-St David’s gold mine. DEWATERING The company now has until 18 June 2024 to decide whether it wishes to acquire an initial 50% interest in the lithium rights over the West […]
Alba appoints Kobus Byleveldt as mine manager
Alba Mineral Resources plc has appointed Kobus Byleveldt as mine and operations manager at Clogau-St David’s gold mine. Mr Byleveldt has more than 26 years’ mining and management experience within the gold mining sector in South Africa and Scotland, including in mine planning, construction and development. He was most recently mine manager, for approximately 2.5 years, at the […]