Mise à jour opérationnelle et corporative
Alba Mineral Resources Plc / EPIC : ALBA / Marché : AIM / Secteur : Mines
6 Décembre 2023
Ressources minérales d'Alba Plc
(« Alba » ou la « Société ») ?
Mise à jour opérationnelle et corporative
Alba Mineral Resources Plc (AIM: ALBA) provides the following operational and corporate update.
Operational Update: Highlights
- Decisions on dewatering permits for the Lower Llechfraith workings hoped for before the end of the year.
- Lower Llechfraith safety and access works to be further progressed next week, in readiness for the completion of dewatering and start of exploration on Level 4.
- Airborne geophysical survey over key regional gold targets underway, and survey over the Clogau target area has been completed.
Operational Update: Details
Clogau-St David's Gold Mine
The Company's applications for formal variations to its existing discharge and abstraction permits, to enable the dewatering of the Lower Llechfraith workings to proceed at higher pumping rates, remain in process with the environmental regulator, Natural Resources Wales ("NRW").
Regarding the abstraction permit application, it was previously the Company's understanding that this had entered the statutory 28-day public consultation on 8 November 2023, which would have meant the public consultation ending on or around 6 December 2023. However, the Company has been advised by NRW that, although the application was advertised by NRW in the 8 November 2023 edition of a local newspaper, it was not uploaded to NRW's website at the same time, this being done subsequently. Accordingly, NRW has advised the Company that, both of the foregoing elements being statutory requirements, it has had to extend the end date of its public consultation to 20 December 2023, but that it hopes to be able to make a decision on both the abstraction and discharge permit applications shortly thereafter. The Company will provide a further update as and when it is notified of a formal decision.
The Company having recently received an extension to its European Protected Species Licence, once it is also in receipt of positive decisions on these two remaining applications, it will proceed as soon as practicable to completion of the dewatering of the Lower Llechfraith workings down to and including Level 4. However, given the delay in the public consultation process, this is not now expected to be until January 2024, at the earliest.
Accordingly, the Company has decided to prepare the groundwork so far as is possible so that no further time is lost in the new year. Facilitated by the ongoing emergency pumping of the flooded Lower Llechfraith workings which has kept the water level below Level 3, Alba's underground works contractors will be returning to site next week to complete further safety and access works on and below Level 3. This should mean that, once the dewatering is completed, only a few more days of access works will be required before Alba's technical team can physically access Level 4.
Projet d'exploration aurifère de Dolgellau
In respect of the geophysical survey by unmanned aerial vehicle (or "UAV") over some of the Company's key regional gold targets, the survey of the Clogau area has now been completed. Alba's contractors have advised that the next available window for surveying the other regional targets, Hafod Owen, Gwynfynydd and Castle Carndochan, will be in the week commencing 18 December 2023, weather permitting.
Figure 1: (left) UAV taking off to conduct survey of Clogau target area; (right) Clogau and the three other target areas comprised in the survey (coloured polygons).
Alba Chairman, George Frangeskides, commented:
"We are hopeful that we are now entering the final straight of the dewatering permit process. The further access and safety works we will be doing shortly are intended to enable us to hit the ground running as soon as we have a positive outcome on those permits.
"We are pleased also that the airborne geophysical survey is now finally up and running and indeed that the key survey over Clogau itself has now been completed.
"The permitting delays we have encountered this year have undoubtedly been a source of great frustration for all of us, both Alba management and shareholders. However, I'm very pleased to see the positive movement on both the in-mine dewatering and the regional survey projects in recent days, which fills us with a renewed vigour and determination to put these issues behind us in the new year and finally unlock some serious value from our Welsh gold projects".
Mise à jour de l'entreprise
Horse Hill Developments Limited, the operator of the Horse Hill Oil Project in southern England in which Alba has an effective 11.765% interest, has informed the Company that it will be making a partial repayment of shareholder loans to its existing shareholders, with Alba's expected repayment being around £100,000.
Cette annonce contient des informations privilégiées aux fins de la réglementation britannique sur les abus de marché et les administrateurs de la société sont responsables de la publication de cette annonce.
Énoncés prospectifs
Cette annonce contient des déclarations prospectives relatives à des événements futurs attendus ou anticipés et à des résultats anticipés qui sont de nature prospective et, par conséquent, sont soumis à certains risques et incertitudes, tels que les conditions générales de l'économie, du marché et des affaires, la concurrence pour personnel qualifié, processus et actions réglementaires, problèmes techniques, nouvelle législation, incertitudes résultant de retards potentiels ou de modifications des plans, incertitudes résultant du travail dans une nouvelle juridiction politique, incertitudes concernant les résultats de l'exploration, incertitudes concernant le calendrier et l'octroi de la prospection les droits, les incertitudes concernant le calendrier et l'octroi des consentements et approbations réglementaires et autres tiers, les incertitudes concernant la capacité de la Société ou de tout tiers à exécuter et mettre en œuvre des plans futurs, et la survenance d'événements imprévus.
Les résultats réels obtenus peuvent différer des informations fournies dans ce document en raison de nombreux risques et incertitudes connus et inconnus et d'autres facteurs.
**PREND FIN**
Pour plus d'informations, s'il vous plaît visitez www.albamineralresources.com ou communiquez avec:
Ressources minérales d'Alba plc George Frangeskides, président exécutif | + 44 (0) 20 3950 0725
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SPARK Advisory Partners Limited (Nomade) Andrew Emmott | + 44 (0) 20 3368 3555
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CMC Markets plc (Broker) Thomas Smith / Douglas Crippen | + 44 (0) 20 3003 8632
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Projets et investissements d'Alba | ||
Projets exploités par Alba | Localisation | La propriété |
Clogau (or) | Pays de Galles | 100% |
Exploration d'or de Dolgellau (or) | Pays de Galles | 100% |
Gwynfynydd (or) | Pays de Galles | 100% |
Investissements détenus par Alba | Localisation | La propriété |
GreenRoc Mining Plc (exploitation minière) | Groenland | 37.49% |
Horse Hill (huile) | de l'Angleterre | 11.765% |
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