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Https://www.proactiveinvestors.co.uk/LON:ALBA/Alba-Mineral-Resources-PLC/rns/1440892
RNS
https://www.proactiveinvestors.co.uk/LON:ALBA/Alba-Mineral-Resources-PLC/rns/1440892
Absolutely thrilling news! The incredible grades obtained from shallow chip sampling on the historically mined No.4 Level not only showcase the immense potential but also pave the way for even more extensive sampling, catapulting us towards an even brighter future. With No.4 Level readily accessible, there’s no time to waste - let’s embark on this sampling journey without delay! Additionally, the forthcoming bulk sampling in the Llechfraith Payshoot extension promises to unearth “bonanza” grades akin to those in Clogau’s illustrious past. Should these remarkable grades persist, they will undoubtedly fortify the economic viability, propelling us closer to the triumphant reopening of the mine for commercial production.
Here is the red dot
Alba Mineral Resources Plc (AIM: ALBA) is delighted to report on exceptionally high-grade sampling results returned from No.4 Level at the Lower Llechfraith workings (the "Llechfraith Target"), Alba's principal gold target at the Company's 100% owned Clogau-St David's Gold Mine in north Wales ("Clogau" or the "Mine").
Key Points
· Alba has taken more than 40 samples from No.4 Level at the Llechfraith Target, and all have been put through the Company's Gravity Processing Plant to produce heavy mineral concentrates. Composites of the concentrates were then sent to a third-party refining facility.
· These composites have now returned exceptional gold grades:
DG Innovate PLC, headquartered in Caerphilly, Wales, is thrilled to announce a groundbreaking acquisition of cutting-edge equipment poised to revolutionise our operations. With the addition of a jet mill, furnace, motor pilot production line, and 3D manufacturing simulation software, we are poised to enhance the development of energy storage products and move closer to achieving at-scale manufacturing of our Pareta electric drive system. This strategic move will catapult our current production capabilities from just a handful of devices per year to around 1,000, marking a significant milestone in our journey towards efficient mass production.
Our CEO, Peter Bardenfleth-Hansen, underscores the transformative impact of this acquisition, emphasising how it empowers us to bring complex processes in-house, leading to the development of higher performance motors and more sustainable batteries. The integration of this state-of-the-art equipment will not only decrease turnaround time across R&D and manufacturing but will also accelerate our path to delivering market-leading products. This milestone underscores the growing momentum behind DG Innovate’s technology and our unwavering commitment to commercialise it at scale, reaffirming our position as pioneers in the electric mobility and energy storage industry.