Alba Mineral Resources plc has raised £750,000 before expenses via a placing of 600 million new ordinary shares at a price of 0.125 pence per ordinary share. Existing shareholders and other investors who did not have the opportunity to participate in the placing, have a broker option allowing subscriptions up to £100,000 in total on the same terms. On admission, the […]
Tag: Alba Mineral Resources plc
Alba cleared to dewater lower Llechfraith
Alba Mineral Resources plc has after received permission to dewater and explore its primary target of the lower Llechfraith workings in the Clogau-St David’s gold mine, north Wales. PREPARATIONS The company previously had to resubmit its applications and provide additional information to Natural Resources Wales (NRW) including a “lengthy” habitat regulations assessment (HRA). “Detailed planning […]
Alba ‘very bullish’ as losses rise with operations on hold
Alba Mineral Resources plc reported an increase in losses but remained “very bullish” while it continues to await permits for the Clogau-St David’s gold mine in Wales. FINANCES Final results for the year ended 30 November 2022 showed operating losses of £1,623,000 before impairments (2021: £1,067,000). The figure reflected a full year of administrative expenses […]
Alba must supply more data for permits
Alba Mineral Resources plc needs to give further information to the regulatory authority on its applications to continue work at Clogau-St David’s gold mine and for Dolgellau gold exploration in north Wales. LLECHFRAITH In November 2021, Natural Resources Wales (NRW) refused permission for water transfer and discharge permits and a European Protected Species (EPS) licence for […]
Alba surrenders non-core Limerick licence
Alba Mineral Resources plc has surrendered its Limerick zinc-lead prospecting licence in the absence of the third-party consents for drilling and viable drill targets. PRINCIPAL ASSETS The licence contained prospective targets but had not been a key focus and its surrender would have no material impact, said the company. “In fact, the surrender frees up […]
GreenRoc spheronised graphite tests 99.97% purity
GreenRoc Mining plc reported purity of 99.97%, exceeding electric vehicle industry requirements, from tests on spheronised graphite produced from its Amitsoq project in Greenland. ALKALINE TESTS Technical consultants ProGraphite GmbH conducted alkaline purification using sodium hydroxide to test a sample from the lower graphite layer (LGL), successfully spheronised last autumn. The purity requirement is 99.95% […]