REG - Alba Mineral Resrcs. - Clogau Update

Alba Mineral ResourcesAnnouncement

26/06/2025 09:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250626:nRSZ5345Oa&default-theme=true

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**

Engage with Alba by asking questions, watching video summaries and reading
what other shareholders have to say. Navigate to our interactive Investor Hub
here:

https://albamineralresources.com/link/XyM0JP
(https://albamineralresources.com/link/XyM0JP)

 

For further information, please visit the Alba Mineral Resources plc investor
website (www.albamineralresources.com (http://www.albamineralresources.com) )
and sign up to receive news and engage with the Alba management team.
Subscribe to our news alert service
(https://alba-l.investorhub.com/auth/signup
(https://alba-l.investorhub.com/auth/signup) ) and visit @AlbaMinerals on X
(formerly Twitter).

 

 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  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

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDSEWSWMEISELM