Alba Mineral Resources PLC - northern Europe-focused mineral explorer - Natural Resources Wales grants permission for formal variations to existing discharge and abstraction permits. This will enable Alba to de-water the Lower Llechfraith workings, the principal gold target at its Clogau-St David's gold mine in north Wales "at significantly higher rates" of up to 250 cubic metres per day.
Alba now expects to successfully complete the de-watering exercise at the Lower Llechfraith workings in the first two weeks of January. Surveys of the Hafod Owen, Gwynfynydd and Castle Carndochan target areas will hopefully be conducted in January, having been deferred due to weather conditions.
Executive Chair George Frangeskides says: "We look forward to completing the dewatering as soon as possible in January and then finally setting foot on Level 4, the first time this key gold target will have been accessible to anyone for decades."
Current stock price: 0.10 pence, up 1.5%
12-month change: up 4.0%
By Emma Curzon, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Alba Mineral Resources (ALBA)