REG - Alba Mineral Resrcs. - Corporate Update, Board & Personnel Changes

Alba Mineral ResourcesAnnouncement

26/08/2025 12:00

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RNS Number : 7067W  Alba Mineral Resources PLC  26 August 2025

26 August 2025

Alba Mineral Resources Plc

("Alba" or the "Company") 

 

Corporate Update

Board and Personnel Changes

 

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce the appointment
of the following Board and personnel changes.

 

Mark Austin

Mark Austin, the Company's Chief Operating Officer and Senior Geologist since
October 2020, has stepped down from that position. To ensure that the Company
will continue to benefit from his extensive experience during the transitional
period, Mr Austin will join the Alba Board as a Non-Executive Director with
effect from 1 September 2025 on an initial fixed term of six months, renewable
by mutual consent.

 

Appointment of Principal Geologist

Dr Curtis Rooks will join the Company as Principal Geologist with effect from
1 October 2025. Dr Rooks obtained his PhD, which was funded by Elemental Rare
Metals Ltd (the licence holder of the Motzfeldt Project), from the University
of St Andrews, Scotland.  The subject of his doctoral thesis was  "Controls
on Rare Earth Mineralisation in Magmatic Roof-Zones, Motzfeldt, Southern
Greenland". Dr Rooks worked closely with Elemental in the period 2021-25 and
led the field programme which was successfully undertaken at Motzfeldt this
summer.

Dr Rooks' work at Motzfeldt has focused on the economic and petrological
importance of late-stage hydrothermal processes when forming REE deposits in
alkaline silicate systems. It is his work that has established the Merino
Prospect at Motzfeldt as a potential second large-scale multi-element target
alongside the Aries deposit. He is an experienced field geologist, familiar
with working in Arctic and sub-Arctic locations, with several field seasons
completed across Arctic Norway and Greenland.

 

George Frangeskides, Executive Chairman, commented:

"Mark has been instrumental in the stewardship of Alba's projects during the
past five years, most notably at the Clogau Gold Mine.  During that time, he
has managed the main underground and surface drilling programmes, the Habitat
Regulations Assessment of the Mine and various other in-mine and regional
exploration programmes, as well as the most extensive rehabilitation and
safety programme seen at Clogau in many decades. We are delighted that he will
remain closely connected with Alba and Clogau as a Non-Executive Director,
ensuring both a smooth transition for the technical team and that we will
continue to benefit from his deep knowledge of the mine and operational
matters.

"Curtis is a highly regarded geologist and a leading authority on the geology
and mineralisation at Motzfeldt, having spent much of the past four years
working on the project. We are delighted he has agreed to join the Alba team.
The focus of Curtis's attention will initially be on our critical metals
projects, Motzfeldt and Finnsbo, while Clogau, which is in more of an
operational phase, will continue to be managed by Dr Peter Bolt, the Chief
Mining Engineer for the Mine.  Peter has been playing an increasingly more
significant role at the Mine in readiness for the formal handover of
responsibilities from Mark.

"With these changes, we continue to ensure that Alba will have access to the
mix of skills and experience needed to drive our project portfolio forward."

 

Additional Disclosures

The following information regarding the appointment of Mark Austin, aged 67,
is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 Current directorships and/or partnerships:  Former directorships and/or partnerships (within the last five years):

 GreenRoc Strategic Materials Plc            N/A
 GreenRoc Graphite Limited
 White Eagle Resources Limited
 White Fox Resources Limited

 

Mr Austin has a beneficial interest in 7,857,143 ordinary shares of the
Company.  Mr Austin has previously been granted 60m EMI share options over
the Company's ordinary shares, with an exercise price of 0.16 pence per share
and an expiration date of 28 August 2030.

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

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

 

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

 

 

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