Alba Mineral Resources plc reported “discrete grains of gold” and a “significant” proportion of sulphides at level 4 of lower Llechfraith in Clogau-St David’s gold mine, North Wales. BULK SAMPLING Of 40 samples collected, the company fed 25 into its processing plant to produce so far heavy mineral concentrates. A majority of the concentrates, containing the […]
Tag: Alba Mineral Resources plc
Alba completes dewatering lower Llechfraith level 4
Alba Mineral Resources plc has become the first company in decades to walk on level 4 of the lower Llechfraith workings following completion of dewatering in Clogau-St David’s gold mine. EXPLORATION Along with using pump rates of up to 250 cubic metres per day, specialist geotechnical contractors also installed new platforms and ladderways to allow […]
Alba to increase dewatering rates at Clogau
Alba Mineral Resources plc has received permission to increase the dewatering rate in the lower Llechfraith workings of its Clogau-St David’s gold mine, north Wales. EXPLORATION Industry regulator Natural Resources Wales approved the company’s application for variations to its existing discharge and abstraction permits. The rates will increase in early January from 100 to 250 […]
Alba notes Horse Hill term sheet extension needs shareholders’ support
UK Oil & Gas plc (UKOG) and its potential farm-in partner have agreed to extend the conditional binding Horse Hill term sheet allegedly without all shareholders’ approval. CONSENTS UKOG and Pennpetro Energy plc extended the deal, signed originally in March, to 30 June 2024. Pennpetro will farm-in to the Horse Hill Oil Field on an […]
Alba cancels 313m and reissues 360m share options
Alba Mineral Resources plc has cancelled and reissued of certain enterprise management incentive (EMI) share options to management and granted certain new share options. A total 313 million share options to management have been cancelled and replaced with 360m new share options. The figure represents approximately 5.17% of the company’s current undiluted issued share capital, […]
Alba completes Clogau airborne survey
Alba Mineral Resources plc continues to progress work while awaiting permission to abstract water at a higher pump rate from the Clogau-St David’s gold mine. DELAY The airborne geophysical survey over the Clogau target area is complete and further surveys will continue over key regional gold targets. Expected from 18 December, the next will be […]