RCS - Alba Mineral Resrcs. - First Blast of Llechfraith Target Approaches

Alba Mineral ResourcesAnnouncement

21/08/2024 07:00

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RNS Number : 1709B  Alba Mineral Resources PLC  21 August 2024

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

 Above: Inspecting quartz vein in Lower Llechfraith workings  Above: Sheave wheel rehabilitated and turning again after 30 years of
                                                              inactivity

 Above: Ore left behind in Lower Llechfraith workings; removed to surface for
 processing

 Above: New compressor unit installed                         Above: Historic rail tracks and ore tubs rehabilitated for transport of
                                                              blasted ore

 

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
(http://www.albamineralresources.com/)  or contact:

 Alba Mineral Resources plc                 +44 20 3950 0725

 George Frangeskides, Executive Chairman
 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
 GreenRoc Strategic Materials Plc (graphite - anode)  Greenland  34.72%
 Horse Hill (oil)                                     England    11.765%

 

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