Thule Presentation

RNS Number : 1635X

Alba Mineral Resources PLC

22 November 2017

 

Alba Mineral Resources plc

("Alba" or the "Company")

Update Presentation - Thule Black Sands

Alba Mineral Resources plc (AIM: ALBA) announces that it has today released a presentation on its 100% owned Thule Black Sands project in north-west Greenland.

A copy of the presentation can be downloaded from the Company's website at www.albamineralresources.com, or by using the following link http://www.rns-pdf.londonstockexchange.com/rns/1635X_1-2017-11-21.pdf.

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

 

END

 

 

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