Finance Metals & Minerals News

Alba raises £192,522 via retail offer

Alba Mineral Resources plc has conditionally raised approximately £192,522 before expenses via a “significantly oversubscribed” retail offer, exceeding its target of £100,000. The company issued 550,063,457 new ordinary shares of 0.01 pence each in the company at 0.035 pence per share. Following admission, Alba’s total number of ordinary shares in issue will be 9,725,510,695, with voting rights. The company holds […]

Metals & Minerals News

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 […]

Metals & Minerals News

Llechfraith samples show gold grains and sulphides

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 […]

Equipment & Logistics Metals & Minerals News

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 […]