Alba Mineral Resources PLC Brockham Update (9131U)

TIDMALBA

RNS Number : 9131U

Alba Mineral Resources PLC

03 April 2019

Alba Mineral Resources plc

("Alba" or "the Company")

Brockham Update

Alba Mineral Resources plc (AIM: Alba), the diversified mineral exploration and development company, announces that Angus Energy Plc, the operator of the Brockham Oil Field under Production Licence ("PL") 235 ("Angus" or the "Operator"), has informed the Company that Angus has published an indicative timetable for operations at Brockham beginning on or around 12 April 2019, all regulatory approvals permitting, as follows:

   Rig Acceptance and Mobilisation                                3 Days 
   Isolation of water, reperforation and recompletion      19 Days 
   Rig Demobilisation                                                   6 Days 
   Lead Time for Arrival of Well Test Kit                         14 Days 
   Installation, Testing & Commission of Equipment        10 Days 
   Flow Test & Production Results                                  11-16 Days

Angus has also published a presentation on the proposed operations at Brockham which is available at www.angusenergy.co.uk.

Alba owns a direct 5 per cent interest in PL 235.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Alba Mineral Resources plc

   George Frangeskides, Executive Chairman                        +44 20 7264 4366

Cairn Financial Advisers LLP (Nomad)

   James Caithie / Liam Murray                                            +44 20 7213 0880

First Equity Limited (Broker)

   Jason Robertson                                                             +44 20 7374 2212

Yellow Jersey PR (Financial PR/ IR)

   Tim Thompson / Harriet Jackson / Henry Wilkinson            +44 77 1071 8649

alba@yellowjerseypr.com

Alba's Project & Investment Portfolio

Mining

Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest in the Amitsoq Graphite Project in Southern Greenland and has an option over the remaining 10 per cent.

Clogau (Gold, Wales): Alba owns a 90 per cent interest in Gold Mines of Wales Limited ("GMOW"), the ultimate owner of the Clogau Gold project situated in the Dolgellau Gold Belt in Wales.

Inglefield Land (Copper, Cobalt, Gold): Alba owns 100 per cent of mineral exploration licence ("MEL") 2017/40 and 2018/25 in north-west Greenland.

Limerick (Base Metals, Ireland): Alba owns 100 per cent of the Limerick base metal project in the Republic of Ireland.

Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per cent interest in MEL 2017/41 in Melville Bay, north-west Greenland. The licence area benefits from an existing inferred JORC resource of 67 Mt @ 31.4% Fe.

Thule Black Sands (Ilmenite, Greenland): Alba owns 100 per cent of MEL 2017/29 in the Thule region, north-west Greenland.

Oil & Gas

Brockham (Oil & Gas, UK): Alba has a direct 5 per cent interest in Production Licence 235, which comprises the previously producing onshore Brockham Oil Field.

Horse Hill (Oil & Gas, UK): Alba holds an 11.765 per cent effective interest in the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246 covering a total area of 142.9 km(2)) in the UK Weald Basin.

Web: www.albamineralresources.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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