Alba Mineral Resrcs. - Clogau Update
Released
Released
Announcement PDF
RNS Number : 5345O
Alba Mineral Resources PLC
26 June 2025
Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining
26 June 2025
Alba Mineral Resources Plc
("Alba" or the "Company")
Clogau Update
Alba Mineral Resources Plc (AIM: ALBA) is pleased to provide this operational update in respect of the Company's 100%
owned Clogau-St David's Gold Mine in north Wales ("Clogau" or the "Mine").
Due to the availability of the Company's principal blasting contractor, the next phase of underground blasting at the main
gold target at the Mine, the Llechfraith Target, is now anticipated to commence in late July 2025.
The Company continues to make the detailed preparations for the blasting programme in preparation for the scheduled start
date, including implementing modifications in order to achieve greater penetration and faster progression through the
blasting sequences.
Processing of the remaining ore stockpile continues at the Mine, with around 4 kg of concentrate currently at, or in transit to,
the Company's refiner for refining.
Finally, the Company will be producing a limited series of 18 carat pendants from gold extracted by Alba from the Mine. In
connection with this, the Company has registered "GMW" as a maker's mark at the London Assay Office. The Company
intends to offer these pendants for sale at a set price rather than at auction and to offer verified Alba shareholders an initial
priority period for the purchase of the pendants before they go on wider sale. Precise details have yet to be finalised but will
be confirmed in due course.
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated
results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general
economic, market, financial and business conditions, competition for and availability of qualified staff and contractors,
regulatory processes and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes
in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of
exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and
granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third
party's ability to finance, execute and implement future plans and programmes, and the occurrence of unexpected events.
Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks
and uncertainties and other factors.
**ENDS**
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Alba Mineral Resources plc
George Frangeskides, Executive Chairman
+44 20 3950 0725
SPARK Advisory Partners Limited (Nomad)
+44 20 3368 3555
Andrew Emmott
CMC Markets plc (Broker)
+44 20 3003 8632
Thomas Smith / Douglas Crippen
Alba's Projects & Investments
Projects Operated by Alba
Location
Ownership
Clogau (gold)
Wales
100%
Dolgellau Gold Exploration (gold)
Wales
100%
Gwynfynydd (gold)
Wales
100%
Investments Held by Alba
Location
Ownership
Greenland
26.15%
Horse Hill (oil)
England
11.765%
Earn-in Projects
Location
Earn-in Rights
Finnsbo (rare earths, copper, gold)
Sweden
Up to 100%
Optioned Projects
Location
Further details
Norrby (gold, other metals)
Sweden
RNS 6/11/24
Glava (copper, gold)
Sweden
RNS 6/11/24
GreenRoc Strategic MaterialsPlc (graphite anode)
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