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EPIC: ALBA
Market: AIM
52-week High/Low: 0.78p / 0.21p
Sector: Mining
Market Cap: 8.02M
Alba Mineral Resources

Alba Mineral Resources

Alba owns and operates mining projects in Greenland (graphite, ilmenite, base metals, gold and cobalt), Mauritania (uranium) and Ireland (base metals), as well as having investments in the onshore UK oil & gas sector.

Alba Mineral Resources is traded in the ISDX Exchange HERE

Alba Mineral Resources

www.albamineralresources.com

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Alba Mineral Resources Snapshot

Alba's diversified asset and investment portfolio provides Alba with access to a range of assets with the potential to add significant value for the Company's shareholders:

Mining

Amitsoq graphite (Alba 90%): high-grade graphite comprising a former mine with drill-ready targets;
Thule Black Sands (Alba 100%): ilmenite confirmed over 4sqkm of Alba's licence area;
Melville Bay iron ore (Alba 51%): previously drilled project with a JORC resources of 67MT @ 31.4% Fe;
Inglefield Land multi-commodity project (Alba 100%): potential for copper, cobalt, gold and nickel, adjacent to Nuna Minerals highly prospective Ingelfield Land licences.

Oil & Gas

Horse Hill oil & gas (Alba 9.75%): flow from exploration well of over 1600 bopd. Long-term flow tests designed to confirm commerciality awaited Q4 2017;
Brockham oil & gas (Alba 5%): previously producing oil field, re-commencement of production expected Q4 2017.

 

 

Assets Overview

Alba's mineral exploration portfolio is comprised of graphite, ilmenite, base metal (Pb-Zn-Ag) & uranium projects which range from early stage through to more advanced, previously drilled or mined projects.

In addition, Alba has onshore oil & gas investments in the highly prospective Weald Basin in the United Kingdom.

 

Mining Projects 

Amitsoq Graphite, Greenland


On 27 February 2017 Alba announced that it has now completed the acquisition of a further 41 per cent interest in the Amitsoq graphite project in Southern Greenland (the “Project”), increasing its ownership of the project to 90 per cent. This follows the extensive exploration programme undertaken in 2016 encompassing a bulk sampling programme and airborne electromagnetic survey (details below).

The licence area comprises the historic Amitsoq graphite mine and is prospective not only for graphite but also for copper, gold, nickel and platinum group elements.

For further information please click here

Thule Black Sands, Greenland

Alba has been granted two exclusive mineral exploration licences covering 290 km² of prospective coastline in the Thule province of north-west Greenland.

Black heavy mineral sands have been recorded in the region for many decades. The sands are enriched with ilmenite and/or magnetite.

For further information please click here 

Melville Bay Iron Ore, Greenland

Alba has been granted an exclusive exploration licence in the Thule region that consists of two sub-areas both prospective for iron ore.

The licence areas MEL 2017/41 covers 354 km² and contains an existing inferred JORC resource of 67 [email protected] 31.4% Fe.

For ruther infromation please click here 

Inglefield Land, Greenland

Alba has been granted a licence in the Inglefield Land area of north-west Greenland, prospective for mineralisation including copper, gold, cobalt and nickel.

An 82 km² licence area, the Ingelfield Project (MEL 2017/40) comprises three sub-areas which are located 95 km north to 200 km north-east of Qaanaaq.

Geological mapping and airborne geophysical surveys by The Geological Survey of Denmark and Greenland ("GEUS"), and fieldwork by mineral exploration companies have identified a number of mineral showings in the Inglefield Mobile Belt. Commodities identified during these studies include gold, copper, molybdenum, nickel, zinc and cobalt.

For further information on this licence, please refer to the RNS dated 4 September 2017.

Mreiti Uranium, Mauritania

Since 2006 Alba has had a strategic investment in uranium exploration in West Africa by the way of a 50% interest in a private mineral exploration company, Mauritania Ventures Limited. The aim of this company has been to investigate the uranium potential of Mauritania, north-west Africa.

Alba is in the process of submitting a new application to the Mauritanian Authorities to take out a new permit over a reduced area within the original permit area, which includes the centre of the previously discovered and announced high-tenor uranium anomalies. Alba and its joint venture partner will consider their options with regards to funding the next stage of exploration.

Limerick Base Metals, Ireland

Alba owns one exploration licence (PL3824; 17.11 km²) within the highly prospective Limerick Basin (also known as the Pallas Syncline).  The licence is 100% owned by Alba, was recently renewed to 26 May 2018 and covers Base Metals, Barytes, Gold and Silver.

For further information please click here 

Oil and Gas 

Horse Hill

The Horse Hill-1 well was spudded on 3rd September 2014 to test several conventional stacked oil and gas targets in the proven productive Portland Sandstone, Corallian Sandstone and Great Oolite Limestone levels in the well-defined Horse Hill prospect in the Weald Basin situated in Surrey, England.

The well was completed on 5 November 2014, reaching a total depth of 8,770 ft (2,673 metres), and encountering several hydrocarbon-bearing horizons. Having initially acquired a 5 per cent interest in the Project, following subsequent acquisitions Alba now has a 15% shareholding in Horse Hill Developments Limited ("HHDL").

HHDL is a special purpose company that owns a 65% participating interest and is the operator of the licence area, comprising Production and Exploration Development Licences (PEDL) 137 and 246 ("Horse Hill or the "Licence Area"). The remaining 35% participating interest in the Licence Area is held by Magellan Petroleum Corporation (NASDAQ: MPET). As such, Alba owns an effective economic interest of 9.75% in the Horse Hill Project.

For further information please click here 

 

Brockham

Alba is earning a 5% interest in Production Licence 235 (“PL 235”), which comprises the producing onshore Brockham Oil Field, which is located just to the north-west of the Horse Hill licences.

The Brockham Oil Field is located on licence PL235 in the Weald Basin in Surrey, southern England. The field was discovered by BP in 1987 with the drilling of the Brockham-X1 well. The field was in production until early 2016, and had average daily production of approximately 35 bopd from the Brockham-X2Y production well.

In March 2017 Alba was advised by the Operator, Angus Energy plc (“Angus” or the “Operator”), that, following extensive analysis of the BR-X4Z sidetrack well, the Operator’s intention is to bring the Kimmeridge into production at the existing Brockham production facility as soon as the necessary OGA approval is in place.

For further infromation please click here 

George Frangeskides (age 46), Executive Chairman Mr Frangeskides has a broad range of experience gained from over 20 years in the legal and corporate advisory sectors in Australia and the United Kingdom. He is Executive Director at Berwick Capital, a corporate advisory firm which specialises in natural resources and which advises ASX and AIM-listed companies on projects and transactions in the mining and oil and gas sectors. Prior to establishing Berwick Capital, Mr Frangeskides practised as a lawyer focusing on corporate finance, commercial and capital market transactions.

 

 

 

 

Michael Nott (age 68), Non-Executive Director Mr Nott is a geologist and mining engineer by profession and has 40 years’ experience in the oil & gas, mining, minerals and quarrying industries. His early career was based in Zambia including nine years with Roan Consolidated Mines Limited. He was a regional manager for Pioneer Aggregates (UK) Limited, then an Australian company, and later a director of Jay Minerals Services Limited and Hills Aggregates Limited, becoming trading director of ARC (Southern) Limited and production director of C. White Limited. He is currently a non-executive director of Red Rock Resources plc (LON:RRR) and a director and CEO of Magyar Mining Limited.

 

 

 

 

Manuel Lamboley (age 51) Non-Executive Director Mr Lamboley is a financier with over 30 years' experience in international broking and investment banking. Mr Lamboley previously served as Head of the Geneva office of Williams de Bröe, as well as holding senior positions at Bank Julius Bär, Kidder Peabody, Paine Webber International and Prudential-Bache Securities. Mr Lamboley has extensive knowledge of the investment banking industry and long-standing relationships with major investors and financial advisers worldwide. He has previously been non-executive director of several listed companies in the mining and energy sectors, including International Mining & Infrastructure Corporation Plc, and was also previously an independent director of UK-based African Aura Resources Limited. Mr Lamboley holds Swiss citizenship.

 

 

 

Consultants and Advisers

Howard Baker, Technical Director

Howard Baker is a resource geologist with over 20 years' experience covering multiple commodities from early stage exploration through to definitive feasibility studies. He is the Managing Director of Baker Geological Services Ltd.

Mr Baker previously worked for international mining consultancy SRK Consulting (UK) Ltd ("SRK") where he spent eight years as a Principal Consultant and Practice Leader. In his time at SRK, he concentrated on the management of mineral resource estimates with a strong focus on technical quality management and compliance with international reporting codes. In addition, he played a key role in advising on suitable exploration protocols and drill programmes and assisted clients in the development of numerous large scale projects in Africa.  Prior to his time at SRK, Mr Baker lived and worked in Australia, working for Rio Tinto, BHP Billiton, Iluka Resources, Western Mining Corporation and Anaconda Nickel. He is a chartered professional fellow of the Australasian Institute of Mining and Metallurgy.

EurGeol Dr. Sandy Archibald, PGeo (Aurum Exploration Services Ltd)

Dr Archibald obtained a first-class honours geology degree from University of Glasgow in 1992, before undertaking an M.Sc. at Memorial University of Newfoundland. He completed a Ph.D. in economic geology at McGill University in 2002, where his research focused on gold-silver mineralisation associated with active geothermal systems. In 2002, he co-founded Aurum Exploration Services Ltd, an Irish mineral exploration service provider. Sandy is a Past President of the Irish Association for Economic Geology, is a Professional Geologist (P.Geo) with the Irish Geological Institute, and is a qualified EurGeol through the European Federation of Geologists.  He currently serves as a Director of the Prospectors and Developers Association of Canada, and a Council Member (Canada and SE Asia) for the Society for Geology Applied to Mineral Deposits (SGA).

Alba has engaged the services of Aurum Exploration Services Ltd as contract exploration services provider on projects undertaken by the Company. Aurum specialises in the provision of geological and data solutions to the mineral exploration industry.

Please click here for further information click here

Registered Office

6th Floor
60 Gracechurch Street
London EC3V OHR
United Kingdom

T: +44 (0) 207 264 4366
E: [email protected]

Nominated Adviser
Cairn Financial Advisers LLP
62-63 Cheapside
London EC2V 6AX
United Kingdom

Broker
Dowgate Capital Stockbrokers Limited
Talisman House, Jubilee Walk
Three Bridges
Crawley
West Sussex RH10 1LQ
United Kingdom

Tax Adviser
Smith & Williamson LLP
No1 Bishop Wharf,
Walnut Tree Close,
Guildford,
Surrey, GU1 4RA
United Kingdom

Auditors and Reporting Accountants
Nexia Smith & Williamson
25 Moorgate
London EC2R 6AY
United Kingdom

Solicitors to the Company
Memery Crystal
44 Southampton Buildings
London WC2A 1AP
United Kingdom
            
Registrars
Share Registrars Limited
Craven House
West Street
Farnham
Surrey GU9 7EN
United Kingdom

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