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: Clogau-St David’s Gold Mine
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 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 […]
Alba submits new dewatering application
Alba Mineral Resources plc said it had submitted a new permit application to dewater the Llechfraith shaft and associated workings at its 100% owned Clogau-St David’s gold project in North Wales. RENEWED APPLICATIONS The company also submitted renewed applications for a water discharge permit and a European Protected Species licence for the proposed dewatering exercise […]
Alba secures full ownership of Clogau
Alba Mineral Resources plc has completed the acquisition of a further 10% in Gold Mines of Wales Ltd to hold 100% of the Clogau gold project within the Dolgellau Gold Belt in North Wales. SHARES The company will apply for the 200 million company consideration shares to be admitted to trading on AIM. Following admission, […]