Clogau Update.


    26 June 2025 23:01:52
  • Source: Sharecast
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

 

For further information, please visit the Alba Mineral Resources plc investor website (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) and visit @AlbaMinerals on X (formerly Twitter).

 

Alba Mineral Resources plc

George Frangeskides, Executive Chairman

+44 20 3950 0725 

 

SPARK Advisory Partners Limited (Nomad) 

Andrew Emmott 

+44 20 3368 3555 

 

CMC Markets plc (Broker)

Thomas Smith / Douglas Crippen

+44 20 3003 8632

 

 

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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