Alba Mineral Resources plc has begun emergency dewatering after the regulator refused to allow an increase in the abstraction rate within Clogau-St David’s gold mine, north Wales. EXPLORATION The company had applied for a temporary variation to restart pumping at the higher 100m3/day rate after heavy rain during July and August reflooded the lower Llechfraith shaft […]
Tag: Alba Mineral Resources plc
Heavy rainfall hampers dewatering of lower Llechfraith workings at Clogau
Alba Mineral Resources plc hopes to extend its dewatering permit after “unseasonal and exceptional” heavy rainfall reflooded the lower Llechfraith workings in Clogau-St David’s gold mine. PERMIT VARIATIONS Initial permission was to abstract 100m3 per day for 16 consecutive days, followed by 30m3 per day until 2030 to keep the workings dewatered. The dewatering exercise […]
GreenRoc Mining raises £470,000 via placing
GreenRoc Mining plc raised £470,000 gross via a placing of 12,368,422 new ordinary shares each of 0.1 pence at 3.8 pence per placing share. Majority shareholder Alba Mineral Resources subscribed for 3,026,316 placing shares and now holds 63,026,317 shares, equivalent to 42.97% of GreenRoc’s issued capital. Following admission, GreenRoc’s total issued share capital will comprise […]
Alba starts dewatering lower Llechfraith
Alba Mineral Resources plc has begun dewatering the Lower Llechfraith workings containing the primary gold target within the Clogau-St David’s mine system in North Wales. GEOPHYSICAL SURVEYS The company added it expected to start safety works this week. However, unmanned aerial vehicle (UAV) geophysical survey flights planned over the wider Dolgellau gold exploration project are […]
Alba Mineral raises £750,000 via placing
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 […]
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 […]