Alba Mineral Resources PLC
27 March 2007
Alba Mineral Resources Plc ('Alba' or the 'Company')
Directorate Change
Dr C. Jay Hodgson (aged 71), non-executive Director of Alba Mineral Resources
plc has resigned from the Board on 23 March 2007 to concentrate on other
business interests. Dr. Hodgson will, however, retain a role with the Company
as a consultant on regional exploration strategy and other technical matters.
Managing Director's Statement
Michael Nott, Managing Director and Chairman, Alba Mineral Resources commented,
'It is unfortunate that Jay has had to withdraw as non-executive director of the
Company, but we are of course delighted that he is able to remain involved as a
technical adviser. The Board wish to thank him for his contributions to the
Company and look forward to continuing to work with him in his advisory role.'
ENDS
Enquiries
Michael Nott, Managing Director
Alba Mineral Resources plc
Tel: +44 (0) 20 7495 5326
Liam Murray, Nominated Adviser
City Financial Associates Limited
Tel: +44 (0) 20 7090 7800
Notes to Editors
Alba Mineral Resources plc is a committed, technically driven explorer with a
commodity focus on uranium, nickel and gold. Alba currently has interests in a
number of well researched properties owned in its own right or in conjunction
with other parties, primarily in Scotland, Mauritania and Sweden. The Company
also has gold and base metal interests in Scotland and Ireland.
The Company's overall corporate and exploration strategy will continue to be one
of developing a portfolio of well-researched, promising and prospective
exploration properties that will be pursued further, either in the Company's own
right or in conjunction with other parties.
To create value, projects will be either sold outright (in whole or part), spun
off into a separate company, joint ventured to include a cash consideration and/
or a 'Net Smelter Return' or developed into operating mines. The Company will
have a principal focus on the Arthrath nickel-copper-platinum group metals
project in Scotland, uranium and copper-gold in Mauritania, and nickel and
copper-gold in Sweden.
Alba will actively assess, as a priority, the uranium potential of the three
uranium permits awarded in Mauritania, and are committed to continuing nickel
exploration in Sweden as part of a collaborative exploration effort part funded
by the Altius Minerals Corporation of Canada.
Precious- and base- metal properties in Ireland and Scotland will continue to
form part of the company portfolio and will be carried forward on a timely
basis, with a view to seeking joint ventures on each where warranted.
Policies on Environment, Community and Social Responsibility and Safety
It is the objective of Alba Mineral Resources not only to increase value for our
shareholders, but to do so in a socially and environmentally responsible manner.
We expect employees and contractors alike, to respect the cultures and
traditions of the communities we work with, and in.
Alba is a member of Environmental Excellence in Exploration (E3) a project
coordinated by the Prospectors and Developers Association of Canada (PDAC). As a
minimum standard we will abide by the applicable environmental laws within the
administrative areas that we work and ensure that all our employees have the
right to a safe and healthy working environment.
This information is provided by RNS
The company news service from the London Stock Exchange FVAVLIRFID
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