Alba Mineral Resources PLC
27 April 2007
Alba Mineral Resources plc ('Alba' or the 'Company')
Trading update
The Company previously announced on 3 January 2007 that the exploration efforts
on its existing project portfolio would be within the constraints of the
financial resources available and that the Company would be seeking to raise
additional funds to actively pursue and explore these existing projects.
The Company wishes to announce that it is continuing to seek additional funding
to pursue these objectives and until this funding is in place the Company will,
in the short term, downgrade active fieldwork exploration on the existing
licences and permits, whilst maintaining the portfolio of assets. Alba will
continue the programme of desktop research, analysis and studies using its
existing in-house team.
A further announcement will be made in due course.
ENDS
Enquiries
Michael Nott, Managing Director
Alba Mineral Resources plc Tel: +44 (0) 20 7495 5326
Liam Murray, Nominated Adviser
City Financial Associates 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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