Alba
Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector:
Mining
21 August 2024
Alba Mineral Resources
Plc
("Alba"
or the "Company")
Clogau Operational
Update
First Blast of Llechfraith
Target Approaches
Alba Mineral Resources Plc (AIM:
ALBA) is pleased to report on the progress of ongoing preparatory
works in readiness for blasting at the Company's 100% owned
Clogau-St David's Gold Mine in north Wales ("Clogau" or the
"Mine").
Key
Points
- The remaining preparations for blasting of
the Llechfraith Target have now been completed involving the
installation of a ventilation system, compressed air and water to
service the planned operations on No. 4 and 5 Levels.
- The installation of a large tonnage winch
system to lift blasted ore to surface and electrical connection of
the newly installed compressor is due to be completed this
week.
- The first blast of the Llechfraith Target,
Alba's primary gold target at Clogau, is anticipated to take place
within the next seven days or so.
- The mucking out of residual ore and
tailings from No. 4 and 5 Levels in the Lower Llechfraith workings
has so far resulted in around 12 tonnes of material being removed
to surface. Of this, around 1.5 tonnes have so far been processed
at the Company's pilot processing plant. The concentrate produced
will be sent to a third-party refiner for the extraction of the
gold content.
George Frangeskides, Executive Chairman,
commented:
"Since our last update, work has continued round the clock to
prepare the Llechfraith Target, our primary gold target at Clogau,
for blasting. We are pleased to be entering the home straight now
in those preparations and anticipate the first blast in the coming
days."
Image Gallery - Preparations for Blasting
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Above: Inspecting quartz vein in Lower Llechfraith
workings
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Above: Sheave wheel rehabilitated and turning again after 30
years of inactivity
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Above: Ore left behind in
Lower Llechfraith workings; removed to surface for
processing
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Above: New compressor unit installed
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Above: Historic rail tracks and ore tubs rehabilitated for
transport of blasted ore
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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**
For further information, please
visit www.albamineralresources.com or
contact:
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Alba Mineral Resources
plc
George Frangeskides, Executive
Chairman
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+44 20
3950 0725
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SPARK Advisory Partners Limited
(Nomad)
Andrew Emmott
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+44 20
3368 3555
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CMC Markets plc (Broker)
Thomas Smith / Douglas
Crippen
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+44 20
3003 8632
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Alba's
Projects & Investments
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Projects Operated by Alba
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Location
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Ownership
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Clogau (gold)
|
Wales
|
100%
|
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Dolgellau Gold Exploration
(gold)
|
Wales
|
100%
|
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Gwynfynydd (gold)
|
Wales
|
100%
|
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Investments Held by Alba
|
Location
|
Ownership
|
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GreenRoc Strategic Materials Plc
(graphite - anode)
|
Greenland
|
34.72%
|
|
Horse Hill (oil)
|
England
|
11.765%
|