focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAlba Mineral Resources Share News (ALBA)

Alba Mineral Resources: Gold Results Waste Tip

Alba Mineral Resources: Gold Results Waste Tip

Share Price Information for Alba Mineral Resources (ALBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0675
Bid: 0.065
Ask: 0.07
Change: 0.00 (0.00%)
Spread: 0.005 (7.692%)
Open: 0.07
High: 0.07
Low: 0.0675
Prev. Close: 0.0675
ALBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Alba reports progress at Clogau-St David's Gold Mine

Fri, 22nd Mar 2024 16:10

(Sharecast News) - Alba Mineral Resources updated the market on its activities at the Lower Llechfraith workings within the Clogau-St David's Gold Mine in north Wales on Friday, and advancements across the broader Dolgellau Gold Belt.

The AIM-traded firm said it had completed the necessary statutory notifications for its planned bulk sampling of the Llechfraith Target and trenching of the Clogau Waste Tip.

It said the activities were now slated to proceed according to the provided timeline.

More than 40 samples from number four Level at the Llechfraith Target had been processed at the company's processing plant in the Llechfraith Mine Yard, resulting in the production of heavy mineral concentrates.

The concentrates were currently undergoing further analysis at a third-party refining facility, with results anticipated shortly.

Alba said the processing and interpretation of an airborne geophysical survey conducted over Alba's primary regional gold targets were ongoing.

Initial results from the survey site at Clogau were expected during the week commencing 25 March.

"We are really pleased to have now passed the final regulatory step in our planned bulk sampling of our primary underground target within the Lower Llechfraith workings and also at the historic Clogau Waste Tip; as a result, those exercises can now proceed," said executive chairman George Frangeskides.

"The Waste Tip bulk sampling will proceed along a shorter timeline reflecting the much more straightforward nature of that exercise.

"The underground bulk sampling, meanwhile, as one would expect, involves greater complexity in terms of engineering, logistics and safety aspects, not to mention the blasting of a significant volume of rock and its removal to surface for sorting and processing."

Nonetheless, Frangeskides said the company expected to start both processes in April.

"This is an exciting time for all of us, Alba management, Alba shareholders and of course all of our many friends and supporters within the local communities in north Wales, especially around Bontddu and Dolgellau, as we finally move into this critical phase of work at our primary underground gold target deep within the Lower Llechfraith workings, work which will allow us for the first time to assess the overall gold grade in those never previously mined workings and in turn enable us to confirm the economic feasibility of recommencing commercial mining operations from the UK's largest gold mine."

At 1621 GMT, Alba Mineral Resources shares were down 0.9% at 0.08p.

Reporting by Josh White for Sharecast.com.

More News
24 May 2022 12:18

Alba Mineral hails high-grade gold returns at Clogau-St David's

(Alliance News) - Alba Mineral Resources PLC on Tuesday said assay results from the Clogau-St David's gold mine's waste tip in Wales showed higher gold concentrate grades compared with the average.

Read more
19 May 2022 14:28

Alba Mineral Resources expects news flow from investee companies

(Alliance News) - Alba Mineral Resources PLC said on Thursday it expects a steady stream of news flow from investee companies.

Read more
16 May 2022 18:07

IN BRIEF: UK Oil & Gas wins approval to convert HH-2z into water well

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants formal consent for the re-completion of Horse Hill-2z into a water reinjection well.

Read more
13 May 2022 13:51

IN BRIEF: UK Oil & Gas and Alba get extension for work at Horse Hill

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants one-year extension for work programme at PEDL137 licence, which contains the producing Horse Hill oil field. The extension allows UKOG to drill a second well at Horse Hill's Kimmeridge oil pool, with work scheduled to begin before September 2023. UKOG owns an 86% stake in Horse Hill, and is the operator, with a 12% stake held by Alba Mineral Resources PLC. Horse Hill is an oil project near Gatwick Airport in southern England. In May, UKOG won a full production permit for the field.

Read more
13 May 2022 07:53

LONDON MARKET PRE-OPEN: ContourGlobal ahead; Amigo scheme closer

(Alliance News) - Stocks in London were called sharply higher on Friday, helped by a positive session in Asia, as equity markets look to rebound from Thursday's bloodbath.

Read more
12 May 2022 12:34

IN BRIEF: GreenRoc shares rise with upgrade of exploration target

GreenRoc Mining PLC - miners focused mineral projects in Greenland - Upgrades exploration target for the Amitsoq Island deposit in southern Greenland, following the maiden resource estimate. Increases target to tonnage range of 5 to 15 million tonnes at a grade range of 18% to 22% graphitic carbon from a tonnage range of 1.7 to 4.5 million tonnes at a grade range of 24% to 36% graphitic carbon.

Read more
9 May 2022 11:55

GreenRoc CEO Kirk Adams leaves immediately for personal reasons

(Alliance News) - GreenRoc Mining PLC on Monday said Chief Executive Officer Kirk Adams has resigned for personal reasons.

Read more
5 May 2022 13:21

IN BRIEF: UKOG shares rocket on environment permit win for Horse Hill

UK Oil & Gas PLC - London-based oil and gas company - Wins full production permit for its Horse Hill field from the UK Environment Agency. The project is 86% owned by UKOG, with a 12% stake held by Alba Mineral Resources PLC. The permit enables production and water re-injection operations, incineration of waste gas, maintenance and workovers, and the drilling of further development wells. Horse Hill is an oil project near Gatwick Airport in southern England. UKOG can now proceed with its plants to convert HH-2z into a water injector over the year, which would eliminate the requirement to take saline formation water from remote third-party sites, reducing costs.

Read more
5 May 2022 11:22

AIM WINNERS & LOSERS: UKOG, Alba up on permit from Environment Agency

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
21 Mar 2022 12:30

Alba reports strong results from recent Clogau sampling

(Sharecast News) - Alba Mineral Resources updated the market on the Clogau-St David's Gold Mine on Monday, where assay results from a phase two sampling programme at the historic Waste Tip returned gold grades of up to 11.35 grams per tonne.

Read more
17 Mar 2022 11:55

TRADING UPDATES: Portmeirion restores dividend; Empresaria in profit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
18 Feb 2022 11:47

UK Oil & Gas lauds Horse Hill ruling that allows project continuation

(Alliance News) - UK Oil & Gas PLC on Friday announced that the appeal to overturn the legality of Horse Hill's planning consent has been refused by the Court of Appeal in the UK.

Read more
18 Feb 2022 10:45

AIM WINNERS & LOSERS: UK Oil & Gas "delighted" by appeal court ruling

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
10 Dec 2021 21:48

TRADING UPDATES: Robinson warns on sales volumes; Wandisco wins deal

TRADING UPDATES: Robinson warns on sales volumes; Wandisco wins deal

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.