REG - Alba Mineral Resrcs. - Maiden Drilling Programme Commences at Finnsbo

Alba Mineral ResourcesAnnouncement

Wed 07:00

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RNS Number : 2000G  Alba Mineral Resources PLC  05 November 2025

Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining

5 November 2025

Alba Mineral Resources Plc

("Alba" or the "Company") 

 

Maiden Drilling Programme Commences at Finnsbo

Alba Mineral Resources plc (AIM: ALBA), the gold and critical raw materials
focused exploration and development company, is pleased to announce that
drilling has commenced at Finnsbo, the high-grade gold and rare earths
prospect which Alba is earning into in southern Sweden ("Finnsbo" or the
"Project").

Highlights

·      Drilling has commenced at Finnsbo, seeking continuity of
high-grade gold, copper and rare earth mineralisation.

 

·      Previous geochemical sampling at Finnsbo returned assay results
of:

 

o  up to 3.5% Total Rare Earth Oxides (TREO) (with overall grades ranging
from 0.5% to 3.5% TREO), with 37-38% of the TREO comprising high-value NdPrDy
(neodymium-praseodymium-dysprosium) oxides; and

 

o  up to 27g/t gold (with overall grades ranging from 7 to 27g/t) and 2.9%
copper (with overall grades ranging from 0.9% to 2.9%).

Details

Alba has commenced drilling at the Finnsbo Project in southern Sweden (Figures
1 and 2). This maiden drilling campaign is expected to comprise three drill
holes for around 300 metres in total (Figure 3). The programme is expected to
last about two weeks.

Previous geochemical sampling at Finnsbo returned assay results at the "POP 2"
location of up to 3.5% Total Rare Earth Oxides (TREO) (with overall grades
ranging from 0.5% to 3.5% TREO), with 37-38% of the TREO in each case being
made up of high-value NdPrDy (neodymium-praseodymium-dysprosium) oxides, as
well as gold and copper grades of up to 27g/t (with overall grades ranging
from 7 to 27g/t) and 2.9% (with overall grades ranging from 0.9% to 2.9%)
respectively.

Samples taken by Alba from the same location were found to contain visible
gold and returned assay results including grades of 9.72 grams per tonne (g/t)
gold and 2.36% TREO.

Subsequent to this sampling, Alba commissioned a specialist geophysics
contractor to carry out a ground-based geophysical survey at Finnsbo. The
results of the survey strengthened the indications that the more unique "POP
2" style of high-grade gold, copper and rare earth element ("REE")
mineralisation is of magmatic origin and related to the intrusive tonalite.
This confirmed the Company's thinking that the next stage of field work should
focus on core drilling the contact zone starting at the POP 2 location and
stepping out towards the southeast, seeking continuity of high-grade gold,
copper and rare earth mineralisation. This is the objective of the present
drilling campaign.

Figures 1 and 2: Drill rig in background; geologists examining the drill core.

 

Figure 3: Shows indicative position of three short drill holes (red lines) for
80-100m each, intended to locate high-grade mineralisation at shallow depth
and check vertical continuity. Inset map shows location of Finnsbo in southern
Sweden.

Alba has the right to earn into the Finnsbo Project in stages, as per the
Company's announcement of 6 November 2024, with the first stage comprising the
right to spend £100k on qualifying expenditure over an initial 12-month
period in order to earn a 25% interest in the Project, with the further right
thereafter to earn or acquire in further stages up to a 100% interest in the
Project.

 

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/P4xZlP
(https://albamineralresources.com/link/P4xZlP)

 

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  25.78%
 Elemental Rare Metals Limited (Motzfeldt Critical Metals Project)  Greenland  25.5%
 Horse Hill (oil)                                                   England    11.765%
 Earn-in Projects                                                   Location   Earn-in Rights
   Finnsbo (rare earths, copper, gold)                              Sweden     Up to 100%

 

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