REG - Alba Mineral Resrcs. - Operational Update

Alba Mineral ResourcesAnnouncement

03/12/2025 10:15

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RNS Number : 0812K  Alba Mineral Resources PLC  03 December 2025

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

3 December 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.

Clogau Gold Mine (Wales, UK)

As previously announced, recent work at Clogau has focused on implementation
of the recommendations of HM Inspectorate of Mines following a periodic visit.

Following the completion of the latest stage of underground works, including:

-     Independent mine survey of lower levels;

-     Enclosure for Shaft 1 hoist cable and interlock system;

-     Work on Shaft 1 doors and Shaft 1 remediation;

-     Shaft skip modifications; and

-     Shaft 2 head sheave support modifications and testing,

the Company is in the process of clearing out the blast material from the
previous test blast and making other final preparations in readiness to
commence drilling and blasting in the coming days. Further updates will be
released as the programme progresses.

Motzfeldt Critical Metals (Greenland)

As previously announced, Alba has agreed to acquire a 51% interest in the
Motzfeldt Critical Metals Project in south Greenland.

Regarding the ongoing mineralogical and metallurgical test work programme on a
300kg mini-bulk sample from the Aries Deposit, a 5kg subsample has been
crushed to <1mm at a third-party facility in South Africa and is now being
submitted for:

-     screening and submission of the screened fractions for assay -
preparation of the samples for chemical analysis will be completed by
mid-December, followed by chemical analysis, with results expected in the
first half of January; and

-     mineralogical test work, with completion and reporting of results
expected in the second half of January.

Finnsbo (Sweden)

As previously announced, the Company is earning an interest in the Finnsbo
copper-gold-rare earths project in Sweden.

Alba has completed the maiden drilling programme at Finnsbo, drilling three
holes. Most of the drilled metres returned mineralised core. An assessment of
the drilling will only be possible once geochemical assays have been completed
and reported.

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/PRE73r
(https://albamineralresources.com/link/PRE73r)

 

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  25.34%
 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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