Change of Adviser

RNS Number : 2597V

Alba Mineral Resources PLC

01 November 2017

 

Alba Mineral Resources plc

("Alba" or the "Company")

Appointment of Broker

Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has appointed First Equity Limited ("First Equity") as broker to the Company, effective 1 November 2017.  Alba's existing broking arrangement with Dowgate Capital will terminate as from the same date. 

First Equity Limited ("First Equity") is an independent broker founded over 30 years ago and based in the City of London that offers services to institutional and private clients, along with corporate broking, corporate finance and advisory services to companies in the natural resources and technology sectors and other high growth companies. First Equity is authorised & regulated by the FCA and a member of the London Stock Exchange.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Alba Mineral Resources plc

George Frangeskides (Executive Chairman)       Tel: [phone]

Cairn Financial Advisers LLP (Nomad)

James Caithie/Liam Murray                              Tel: [phone]

First Equity Limited (Broker)

Jason Robertson                                            Tel: [phone]

Alba's Project Portfolio

Oil & Gas

Horse Hill (Oil & Gas, UK): Alba holds a 15 per cent interest, and has conditionally agreed to acquire a further 3.1 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% 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.

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, Greenland): 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.

Alba continues actively to review numerous other project opportunities which have value-enhancing potential for the Company whether by bolt-on or stand-alone acquisition, farm in or joint venture.

Web: www.albamineralresources.com

 

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