A reminder of Assets3 Feb 2021 08:04
There has been a lot of mis-information posted on the forums by people with ulterior motives, so I think its worth just informing the newcomers, and some old timers like myself just what we have all invested in.
At Clogau, the regional exploration resulted in the discovery of 10 new gold anomalies across the Dolgellau Gold Belt along with a new 2.1m wide vein of quartz, they also successfully drilled the Llechfraith mine area, which confirmed that the known gold-bearing geological setting at Llechfraith continues for some 66 metres below the deepest historic workings.
At Thule Black Sands, they have declared a maiden JORC Mineral Resource of 19 million tonnes at an in-situ ilmenite grade of 8.9%, translating to 1.7 million tonnes of contained ilmenite. This would be enough ore to sustain a 12-year mine life at a mining rate of 1.5 million tonnes per annum. they are preparing to drill below the permafrost to show a greater mineral content
At Amitsoq, their latest phase of metallurgical test work has confirmed that concentrate produced from Amitsoq graphite contains a significant proportion (36%) of larger-size, higher-value flake. This should assist greatly in the development of a positive economic model for the project.
At Horse Hill, a new well, HH-2z, was drilled in 2019, and we also saw continuous test production at the original HH-1 well surpass 78,000 barrels by year end. And the Horse Hill Oil Field has now entered into commercial production with regulatory consents in place for 25 years of production.
if i've missed anything (which no doubt i may have as ALBA have a lot going on then i'm sure others will add through the day
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