Directorate Change
February 20 2007 - 11:35AM
UK Regulatory
RNS Number:5783R
Alba Mineral Resources PLC
20 February 2007
Alba Mineral Resources plc
("Alba" or "the Company")
Directorate Change
Mr Lance O' Neill, Chairman of Alba Mineral Resources plc (the Company) has
resigned from the Board, with immediate effect. Mr O'Neill has other business
interests which he now wishes to concentrate and spend additional time on. He
will however remain associated with the Company in a consultancy capacity. Mr.
Michael Nott, Group Managing Director, will assume the Chairman's
responsibilities and duties.
ENDS
Enquiries
Michael Nott, Managing Director
Alba Mineral Resources plc Tel: +44 (0) 20 7495 5326
Justine Howarth/ Victoria Thomas
Parkgreen Communications Tel: +44 (0) 20 7851 7480
Liam Murray, Nominated Adviser
City Financial Associates Tel: +44 (0) 20 7090 7800
Notes to Editors
Alba Mineral Resources plc is a committed, technically driven explorer with a
commodity focus on uranium, nickel and gold. Alba currently has interests in a
number of well researched properties owned in its own right or in conjunction
with other parties, primarily in Scotland, Mauritania and Sweden. The Company
also has gold and base metal interests in Scotland and Ireland.
The Company's overall corporate and exploration strategy will continue to be one
of developing a portfolio of well-researched, promising and prospective
exploration properties that will be pursued further, either in the Company's own
right or in conjunction with other parties.
To create value, projects will be either sold outright (in whole or part), spun
off into a separate company, joint ventured to include a cash consideration and/
or maintaining a 'Net Smelter Return' or developed into operating mines. The
Company will have a principal focus on the Arthrath nickel-copper-platinum group
elements project in Scotland, uranium and copper-gold in Mauritania, and nickel
and copper-gold in Sweden.
Alba will actively assess, as a priority, the uranium potential of the three
uranium permits awarded in Mauritania, and are fully committed to continuing
nickel exploration in Sweden as part of a collaborative exploration effort part
funded by the Altius Minerals Corporation of Canada.
Precious and base metal properties in Ireland and Scotland will continue to form
part of the company portfolio and will be carried forward on a timely basis,
with a view to seeking joint ventures on each where warranted.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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