Appointment of SRK Consulting

RNS Number : 2788A

Alba Mineral Resources PLC

27 December 2017

 

Alba Mineral Resources plc

("Alba" or the "Company")

Appointment of SRK Consulting as Principal Technical Adviser

to Clogau Gold Project

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that SRK Consulting (UK) Limited ("SRK") has been appointed as a Principal Technical Adviser to the Clogau Gold Project ("Project").  Alba has a 49% shareholding in Gold Mines of Wales Limited ("GMOW"), the owner of the Project.

In the past week SRK completed a site visit to the Project with Alba's management and technical team.  The GMOW/Alba and SRK teams will now work together to formulate a detailed strategy for the in-mine and near-mine exploration and development work to be executed throughout 2018.

SRK Director Mark Campodonic attended the site visit and commented:  "SRK's headquarters are located in Cardiff and many of our employees and directors, such as myself, are Welsh. As such, we are delighted to be appointed to assist GMOW and its project partner Alba Mineral Resources plc to redevelop the Clogau Gold Project."

Alba Executive Chairman George Frangeskides commented: "We are very pleased indeed to have secured the support of a firm of the international renown of SRK to assist us and Project operator GMOW as we take the Clogau Gold Project forward in the coming months and years.  This is doubly the case as SRK has such a close connection with Wales.  Clogau is a project with a very special place in the heritage of the United Kingdom and specifically in Wales, and as such it is important to us to have the support as many relevant stakeholders in Wales as possible we seek to take the Project forward."

For further information, please contact:

Alba Mineral Resources plc

George Frangeskides, Executive Chairman

[phone]

First Equity Limited (Broker)

Jason Robertson 

[phone]

Alba's Project Portfolio

Oil & Gas

Horse Hill (Oil & Gas, UK): Alba holds a 18.1 per cent interest in Horse Hill Developments Limited, the company which has a 65 per cent participating interest and operatorship of the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246) in the UK Weald Basin.

Brockham (Oil & Gas, UK): Alba has a direct 5 per cent interest in Production Licence 235, which comprises the previously producing onshore Brockham Oil Field.

Mining

Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest in the Amitsoq Graphite Project in Southern Greenland and has an option over the remaining 10 per cent.

Black Sands (Ilmenite, Greenland): Alba owns 100 per cent of mineral exploration licences 2017/29 and 2017/39 in the Thule region, north-west Greenland.

Clogau (Gold, Wales):  Alba owns 49 per cent of Gold Mines of Wales Limited, the owner of the Clogau Gold Project in north Wales incorporating the historic Clogau-St David's Mine.

Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per cent interest in mineral exploration licence 2017/41 in Melville Bay, north-west Greenland. The licence area benefits from an existing inferred JORC resource of 67 Mt @ 31.4% Fe.

Inglefield Land (Copper, Cobalt, Gold): Alba owns 100 per cent of mineral exploration licence 2017/40 in north-west Greenland.

Limerick (Base Metals, Ireland): Alba has 100 per cent of the Limerick base metal project in the Republic of Ireland.

El Mreiti (Uranium, Mauritania): Alba has applied for the reissue of a uranium permit in northern Mauritania, centred on known uranium-bearing showings.

Web: www.albamineralresources.com

 

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