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What a spread
Yep
Im buying again
#ian good idea
Great RNS … why is the SP not moving up? … Why is the only large trade today a 5 mil Sell at 0.22p?
As I said yesterday let the next RNS be IPO launch or dewatering permit … but ofcourse the later isn’t happening anytime soon now. So hopefully, no more news until IPO Launch.
I think we should all pile down there with our buckets. Get it cleared in no time its only the size of a small swimming pool.
Great RNS. Thank you Alba.
Would be quicker to tanker the water away than worry about contamination of the water source, decontaminate it of site, maybe more expensive but dame quicker and less red tape to troll through. Gla.
Why is everyone getting hung up about the dewatering? It’s just a relief that Alba have plenty of options and some biggies days away
Difficult to believe that this much water can cause this delay. 8 days to complete dewatering???
Extract from RNS.
(1) The flooded lower workings are estimated to hold 800m³ of water, or about 1/3 of the volume of an Olympic-size
swimming pool. With the water to be pumped at a flow rate of up to 4.2m³/hr (100m³/day), it is estimated that the
lower workings would be dewatered within just eight days.
Would have been easier just to boil the water off … can’t believe it’s taken this long … should have asked rishi to apply for planning … he’s very efficient…
Anyway some good info they haven’t been sat on their hands new birding lodes explained why the lengthy wait … very annoyed at the time taken but it’s getting there be patient guys … just more time to load up I don’t have any surplus funds unfortunately ..
GLA ATB
Been waiting since January to get water out
https://publicregister.naturalresources.wales/Search/Results?SearchTerm=Clogau+Mine&sortBy=Relevance&filters%5BLocation%5D=&filters%5BLocalAuthority%5D=&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date
Good old efficient welsh Government helping the local economy taking 9 months to look at taking out natural water
pdf version:
https://www.rns-pdf.londonstockexchange.com/rns/5272M_1-2021-9-21.pdf
It has therefore been determined that a new branch of the vein system exists between the
Jack Williams and 7-10 Lodes and forms a key part of the Main Lode System Extension
(see the red plane in Figure 2). This new branch has been called the New Branch Lode.
This is an exciting development as it adds further new development potential to the zones
already identified in the Company’s drilling campaigns.
Get the god damn water out
“In respect of the Company's dewatering application for the Llechfraith Shaft, Natural Resources Wales ("NRW") are in the process of undertaking a Habitat Regulations Assessment ("HRA"). The completion of an HRA will facilitate Alba's mine development plans going forward.“
Alba's Executive Chairman, George Frangeskides, commented:
"We wanted to provide a fuller update than usual in this release, as we know that shareholders are keen to learn in detail of the progress of works at Clogau. As Mark has highlighted above, we believe we are now in a strong position to move this project into the development phase, with no less than three significant new target zones identified within the existing envelope of the mine and, no less importantly, being target zones which should be accessible by putting in a relatively modest amount of new development.
It is because of the success of the unprecedented drilling campaigns we have designed and executed at Clogau over the past two years, which have unearthed several genuine development targets within the mine, together with the dedication and skill of our technical team in making sense of what is a highly complex structural setting, that we can now seriously begin to plan the work which is needed to access these new target development zones.
At the same time, none of us should shy away from the fact that there will always be challenges along the way as one seeks to build the technical and economic case for reopening a historic mine. It will not always be plain sailing! It is true, for instance, that the processing of our application for the permits to dewater the Llechfraith Shaft, one of the three development zones highlighted in this release, has taken considerably longer than we ever envisaged. It is understandable that the regulator should exercise all due care and caution when considering any application for the discharge of water into the watercourse.
However, in respect of the specifics of our dewatering proposal, as shareholders can read for themselves in this release, the thoroughness of the technical work completed by our highly experienced consultants, the robustness of the dewatering scheme they have devised and the extensive supporting data we have compiled over the past 18 months give us a great deal of confidence in the merits of our application. We therefore look forward to it proceeding to a determination soon."
Alba's COO and Senior Geologist, Mark Austin, commented:
"We are pushing forward with our development plans at Clogau. An up-to-date mine plan is coming together, pulling together the key development zones we have identified in our drilling and other work activities. For instance, the Phase 2 surface drilling completed in July has enabled us to determine that a new branch of the quartz vein system exists between the Jack Williams and 7-10 Lodes, forming a key part of the Main Lode System Extension.
The fact that this New Branch Lode structure is only 22 m horizontally to the north from the 7-10 Lode on the Llechfraith level, with the Jack Williams Lode only a further 23 m away, means that with less than 50 m of development - which is tiny when compared to the already several kilometres of existing underground development - we will be able to access never previously mined zones with these two Lode structures, which have contributed a significant amount of the past gold production at Clogau.
One of the keys for old mines like Clogau is to establish efficient ways to access the new development zones we discover through our drilling and other exploratory work. The New Branch Lode gives us exactly that opportunity, not least as it has also helped to open up a further new development zone on the Cornel-2 level. Subject to completing some relatively straightforward safety works, our team will be able to access the Cornel-2 level and gain in situ exposure to the New Branch Lode (involving about 35 m of workings) and the Jack Williams Lode. It also means we can access the 7-10 Lode high within the critical Clogau Shales package."