REG - Alba Mineral Resrcs. - Operational Update

Alba Mineral ResourcesAnnouncement

20/08/2025 11:30

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RNS Number : 0933W  Alba Mineral Resources PLC  20 August 2025

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

20 August 2025

Alba Mineral Resources Plc

("Alba" or the "Company") 

 

Operational Update

Alba Mineral Resources plc (AIM: ALBA), the gold and critical raw materials
focused exploration and development company, is pleased to provide this
operational update across its project portfolio.

Highlights

Motzfeldt Critical Metals (Greenland)

 

·      2025 field programme successfully completed, meeting all key
exploration objectives.

 

·      Engineering consultants for mineralogical & metallurgical
test work programme on Aries deposit bulk sample have been selected.

 

·      Initial discussions held with governmental agencies to explore
funding and other support for the development of Motzfeldt.

 

Clogau (Wales, UK)

 

·      Successful preparatory blast conducted in new phase of blasting
in late July.

 

·      Ongoing health, safety and compliance programme has included
completion by specialist contractors of ventilation survey and safe working
load survey.

 

·      Recent periodic visit by HM Inspectorate of Mines ("HMIM") has
identified certain remedial works which need to be completed prior to the
resumption of further blasting.

 

Corporate Presentation

·      New corporate presentation available on Company's website.

Details

Motzfeldt Critical Metals (Greenland)

As previously announced, Alba has agreed to acquire a 51% interest in the
Motzfeldt Critical Metals Project in south Greenland.  The current operator
of the Project, Elemental Rare Metals Ltd, successfully completed a field
programme last month including the following:

-    A ground radiometric survey at the top of the high-grade rare earth
prospect, Merino;

 

-    Primary analysis of Merino to test the hypothesis that Aries-type
mineralisation lies at depth;

 

-    The collection of ~100 samples from across Merino for assay,
petrography and mineralogy;

Figure 1: Sampling at Aries Deposit, Motzfeldt, July 2025

-    Analysis and sampling of the Merino "chimney" structures to test the
hypothesis that they form from escape of mineralisation;

-    A photogrammetric drone survey at both Merino and the central Aries
deposit area, which will allow for the creation of detailed 3D models and
accurate terrain maps, aiding in geological mapping and the future planning of
mining operations.

-    Analysis of the far face opposite Merino to assess it potential as a
third extension of Merino.

Further results will be announced once a selection of the Merino samples have
been assayed at an independent laboratory and the data from the radiometric
survey has been assessed and interpreted.  Being able to delineate a
mineralised zone at Merino will be significant for the overall scale of the
Motzfeldt Project, as it will expand the footprint of the project greatly,
joining Merino to Aries ~1km to the south (Figure 2).

As previously announced, in the coming months Alba also intends to carry out a
detailed mineralogical and metallurgical study of the Aries deposit, in order
to establish the optimal processing routes for Aries material. This will be
undertaken using the 2.5 tonne bulk sample which has previously been collected
from the Aries plateau by the current operator.  In this regard, the Company
has now selected its preferred contractor to supervise the study programme.
They have requested a representative 300kg sub-sample from the bulk sample.
This sub-sample will be crushed and delivered to the contractor in the coming
weeks. They will then carry out detailed mineralogical studies on the ore,
following by metallurgical test work involving magnetic separation, gravity
separation and flotation.  The full programme is expected to take some 3-4
months to complete.

The Company also intends to commence a Scoping Study or Preliminary Economic
Assessment for the Aries Deposit in due course.

Finally, Alba has held initial discussions with governmental agencies in order
to explore the routes for securing non-dilutive or low-cost funding and other
support for the development of Motzfeldt.

Figure 2: Motzfeldt licence map (purple polygons) with Aries resource area and Merino and other key prospects marked.

Clogau Gold Mine (Wales, UK)

A successful preparatory blast was conducted at the Clogau St-David's Mine
("Clogau") in late July. The purpose was to clear out a section at the
Llechfraith Target on Level 5 which had not been fully cleared out in the last
phase in order to allow the next phase of drilling and blasting to commence
from a clean face. This preparatory blast was conducted under controlled
conditions by specialist explosives contractors Orica.

The ongoing health, safety and compliance programme at Clogau has included
completion by Alba's specialist contractors of a ventilation survey and a safe
working load survey. A recent periodic visit by HMIM has recommended certain
further assessments and works be completed underground prior to the resumption
of further blasting. It is expected that these may take about one month to
carry out in total, depending on contractor availability.

The purpose of the next phase of blasting at the Llechfraith Target is to
extract several hundred tonnes of fresh ore from within the projected payshoot
(Figure 3) and to process and refine that ore for its gold content. Depending
on the results achieved, this will support the further development of the
Llechfraith Target.

 

 

 

Figure 3: Clogau workings (in white) including the upper part of the projected
Llechfraith Payshoot modelled from Alba's drilling (in red). The arrow shows
the direction of the next phase of drilling and blasting on Level 5, within
the projected payshoot.

Corporate Presentation

The Company's new corporate presentation can be viewed at:

https://albamineralresources.com/activity-updates/new-corporate-presentation
(https://albamineralresources.com/activity-updates/new-corporate-presentation)

Company Comment

George Frangeskides, Alba's Executive Chairman, commented:

"We are pleased to be able to report on the progress made this summer at the
Company's new critical metals project, Motzfeldt, in south Greenland. We have
collected new data in relation to the exciting Merino prospect which should,
in the coming weeks and months, help us to assess and develop its potential as
another key source of critical raw materials within the Motzfeldt Centre,
alongside the existing Aries Deposit which lies just 1km to the south.

"Meanwhile, we have started work to update the key parameters around the more
advanced Aries Deposit, with the selection of a main consultant to oversee a
very detailed mineralogical and metallurgical test work programme, which will
in turn feed into a new Scoping Study for Aries.

"Back in the UK, we are having to do some remedial works in the mine at Clogau
before we can continue with the next phase of drilling and blasting at our key
Llechfraith gold target. This comes with the territory of operating an
existing mine, where health & safety is paramount. Our team is working
round the clock to project manage the upcoming work as efficiently as possible
so that we can resume the blasting phase."

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.

Competent Person Declaration

The information in this release that relates to Exploration Results has been
reviewed by Mr Mark Austin. Mr Austin is a member of SACNASP (Reg. No.
400235/06), Fellow of The Geological Society and Fellow of the Geological
Society of South Africa. He has a B.Sc. Honours in Geology with 40 years'
experience.

Mark Austin has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity
being undertaken to qualify as a Competent Person as defined in the 2012
Edition of the 'Australasian Code for Reporting of Exploration targets,
Exploration Results, Mineral Resources and Ore Reserves', also known as the
JORC Code. The JORC code is a national reporting organisation that is aligned
with CRIRSCO. Mr Austin consents to the inclusion in the announcement of the
matters based on his information in the form and context in which they appear.

**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/yEMx4y
(https://albamineralresources.com/link/yEMx4y)

 

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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