http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Wed, 15 Aug 2018 23:07:01 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Alba Mineral jumps on news Brockham Oil Project granted planning approval by Surrey County Council ]]> http://www.proactiveinvestors.co.uk/companies/news/202488/alba-mineral-jumps-on-news-brockham-oil-project-granted-planning-approval-by-surrey-county-council-202488.html Alba Mineral Resources PLC (LON:ALBA) saw its shares jump higher on Wednesday afternoon after it was announced that the Brockham Oil Project was today granted planning approval by the Surrey County Counc

In a statement, the AIM-listed firm said Angus Energy PLC (LON:ANGS), the operator of the Brockham project, was notified that approval was granted by the Surrey County Council for the retention of the BR-X4 well, the regularisation of the BR-X4Z side-track, and the appraisal of BR-X4Z at the Brockham Oil Field.

WATCH: Alba Mineral chairman looks forward to definitive Horse Hill flow test results

Alba noted that Angus has further advised that it will perform a seven-day well test on the horizontal Balcombe-2z well at Balcombe  - a project Alba does not hold an interest in - prior to commencing today’s approved work at Brockham.

The group said all operations at Brockham will be performed through conventional production and that there will be no hydraulic fracturing or "fracking".

In early afternoon trading, Alba Minerals shares were 6.6% higher at 0.56p, while Angus Energy shot up 26.8% at 11.25p.

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Wed, 08 Aug 2018 13:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/202488/alba-mineral-jumps-on-news-brockham-oil-project-granted-planning-approval-by-surrey-county-council-202488.html
<![CDATA[RNS press release - SCC Approves Planning Application for Brockham ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180808132601_13748470/ Wed, 08 Aug 2018 13:26:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180808132601_13748470/ <![CDATA[RNS press release - Horse Hill Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180803113005_13743337/ Fri, 03 Aug 2018 11:30:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180803113005_13743337/ <![CDATA[Media files - Alba Mineral chairman looks forward to definitive Horse Hill flow test results ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9887/alba-mineral-chairman-looks-forward-to-definitive-horse-hill-flow-test-results-9887.html Wed, 18 Jul 2018 15:18:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9887/alba-mineral-chairman-looks-forward-to-definitive-horse-hill-flow-test-results-9887.html <![CDATA[RNS press release - Horse Hill Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180718140003_13722812/ Wed, 18 Jul 2018 14:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180718140003_13722812/ <![CDATA[News - Alba Mineral Resources set to take a further 41% stake in Clogau gold mine ]]> http://www.proactiveinvestors.co.uk/companies/news/200827/alba-mineral-resources-set-to-take-a-further-41-stake-in-clogau-gold-mine-200827.html Alba Mineral Resources PLC (LON:ALBA) has agreed to acquire a further 41% stake in Gold Mines of Wales.

Once the deal formally goes through, AIM-listed Alba will own 90% of the Clogau gold project which is located in the Dolgellau gold belt in Wales. The remaining 10% will be free-carried to commercial production, although could end up taking that stake further down the line.

READ: Alba to get cracking in Greenland

The project comprises the Clogau gold mine as well as a “large number” of highly prospective gold targets and former gold workings, with a total option area of almost 107km2.

The wedding bands of the Queen Mother, Queen, Princess Margaret, Princess Royal and Princess Diana were made from the same nugget drawn from the Clogau mine.

Alba is paying £650,000 in shares to Victorian Gold – the ultimate parent company of GMOW – as well as a one-for-three warrant option.

As part of the deal, Victorian has agreed to effectively write off the £1mln of loans it made to GMOW.

“For the first time in many years, the Clogau Gold Project is moving to the majority ownership of one company,” said executive chairman George Frangeskides.

“This will allow us more readily to progress the plan for re-opening the Clogau Mine, as well as making a push into regional exploration of the extensive and under-explored Dolgellau Gold Belt.”

He added: “We will not be depleting the company's cash reserves with this proposed acquisition, and the shares that will be issued on completion will be subject to lock up and orderly marketing restrictions for a seven-month period.”

Shares fell 2% to 0.39p early on Monday.

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Mon, 16 Jul 2018 08:08:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/200827/alba-mineral-resources-set-to-take-a-further-41-stake-in-clogau-gold-mine-200827.html
<![CDATA[RNS press release - Conditional Acquisition of Further Stake in GMOW ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180716070005_13718197/ Mon, 16 Jul 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180716070005_13718197/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180709114404_13710589/ Mon, 09 Jul 2018 11:44:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180709114404_13710589/ <![CDATA[News - Alba Mineral Resources to get cracking in Greenland ]]> http://www.proactiveinvestors.co.uk/companies/news/200170/alba-mineral-resources-to-get-cracking-in-greenland-200170.html Exploration activities at Alba Mineral Resources PLC's (LON:ALBA) Thule Black Sands and Inglefield Land projects in north-west Greenland are scheduled to commence this month.

At Thule Black Sands, around 1,000 metres of drilling and sampling is planned.

READ: Alba Minerals raises £800,000 as it homes in on exploration targets in Greenland

It is anticipated that all samples will be split on site with the samples for assay being sent to independent laboratories for determination of heavy mineral content. Coarse reject material from the sampling will be stored off-site for future test-work.

Additional potential targets within the licence have been identified through a review of satellite imagery. These include a number of deltaic deposits feeding the coastline where it seems apparent that the source water course cross cuts numerous sills and dykes that are the source for the ilmenite in the region.

Alba intends to use the specialist equipment being brought to the site by the company's environmental consultants to collect some offshore samples from the sea bed, in order to test for the presence and grade of offshore ilmenite.

Alba is intending to collect up to 20 tonnes of bulk samples from various locations across the licence and as dictated by the drilling. The bulk samples will be used for future metallurgical test work.

During the upcoming fieldwork, Alba will be joined by a team of external environmental specialists who will commence the required studies to support a future Environmental Impact Assessment. The work planned will include the extensive collection of samples of flora and fauna.

At Inglefield Land, mapping and sampling of multiple targets prospective for cobalt, gold, copper, zinc and other previously identified anomalies will kick off.

#REMINDER: We will be hosting a shareholder conference call on Thursday 05 July 2018. Investors are invited to submit questions via email to alba@yellowjerseypr.com by 17:00 tomorrow. Full announcement here: https://t.co/CcjxQBIlPh #ALBA #oilandgas #mining pic.twitter.com/QRNpKoJDxp

— Alba Mineral Resources (@AlbaMinerals) July 2, 2018

"We are excited to get back into the field shortly for our first full-field campaign at Thule Black Sands, whilst also embarking on our maiden campaign at Inglefield Land, a project which contains targets for a suite of commodities, including cobalt, gold, zinc and nickel,” said George Frangeskides, Alba's executive chairman.

“We will be able to benefit from logistical cost savings in exploring both sites in north-west Greenland at the same time and look forward to reporting material results as and when they are available," he said.

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Thu, 05 Jul 2018 07:35:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/200170/alba-mineral-resources-to-get-cracking-in-greenland-200170.html
<![CDATA[RNS press release - Notice of Shareholder Conference Call ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180705070006_13706292/ Thu, 05 Jul 2018 07:00:06 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180705070006_13706292/ <![CDATA[RNS press release - Greenland Exploration Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180705070005_13706288/ Thu, 05 Jul 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180705070005_13706288/ <![CDATA[RNS press release - Notice of Shareholder Conference Call ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180628070005_13696536/ Thu, 28 Jun 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180628070005_13696536/ <![CDATA[News - Shares in Horse Hill partners, including Alba Minerals, Solo Oil, rise as latest flow test programme kicks off ]]> http://www.proactiveinvestors.co.uk/companies/news/199643/shares-in-horse-hill-partners-including-alba-minerals-solo-oil-rise-as-latest-flow-test-programme-kicks-off-199643.html Shares in the partners involved in the much-hyped Horse Hill discovery in the southeast of England got a boost on Wednesday from news the long-awaited next phase of flow testing has begun, with all of the equipment needed to carry out the 150-day long-term campaign at the HH-1 well now on site.

Among them, Alba Mineral Resources PLC (LON:ALBA), which owns an 11.8% interest, saw its shares add nearly 4% at 0.26p, while Solo Oil PLC (LON:SOLO), owner of a 9.8% stake, rose 2.3% at 2.25p, and UK Oil & Gas Investments PLC (LON:UKOG), which has a 32.4% stake in the project, gained 8% at 1.35p.

WATCH: All eyes on Kimmeridge flow rates as Horse Hill testing gets underway

The latest programme at Horse Hill is a follow up to the 2016 testing, which saw aggregate oil flows at a rate of 1,688 barrels of oil per day (bopd) over short periods (three 30-90 hour tests).

The plan is to first re-establish flows from the Portland sandstone oil pool, with testing of the Kimmeridge Limestone 4 (KL4) and Kimmeridge Limestone 3 (KL3) oil pools to follow shortly after.

The purpose of the programme is to demonstrate the commercial viability from one, possibly two, wells.

In the best-case scenario, investors will want to see wells drilled and testing, yielding oil flows somewhere between 1,000 and 2,000 bopd.

READ: Horse Hill gets green light for production testing

If it is successful and assuming Horse Hill Developments (HHDL) – comprising a handful of small-cap companies – can secure the necessary funding, the plan is to move HH-1 into long-term commercial production in 2019.

More immediately, the intention is to follow up the longer term well test programme with new drilling – with the proposed Horse Hill 2 (HH-2) well designed as both an appraisal and future production well.

Similarly, if the upcoming tests prove successful, it is also anticipated that the existing Horse Hill well could be extended via a sidetrack.

What the bosses are saying?

George Frangeskides, Alba Minerals' executive chairman, commented: "We are very pleased that, following receipt of all regulatory approvals, HHDL has now confirmed that it has mobilised equipment to site and intends to commence the extended well test programme shortly.

"This test programme is designed to provide the necessary data to assess the commerciality of the Portland and the Kimmeridge zones at Horse Hill and, as such, clearly represents a key phase in the Project."

Solo chief executive Neil Ritson added: “We are extremely pleased to see that, following receipt of all regulatory approvals, HHDL has moved quickly to mobilise the necessary equipment and is now due to start the extended well tests in the immediate future.

“These tests, aimed at establishing commerciality, are a critical part of the pre-development phase and we remain enthusiastic about the potential outcome for our investors.”

And UKOG executive chairman Stephen Sanderson said: “UKOG remains confident that the comprehensive long-term production testing campaign will provide the necessary data to fully assess Horse Hill's Portland and Kimmeridge commerciality and help move the project towards timely production and positive cash flow.”

 -- Updates with share prices --

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Wed, 27 Jun 2018 07:41:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/199643/shares-in-horse-hill-partners-including-alba-minerals-solo-oil-rise-as-latest-flow-test-programme-kicks-off-199643.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180627070005_13694859/ Wed, 27 Jun 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180627070005_13694859/ <![CDATA[RNS press release - Horse Hill Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180627070003_13694812/ Wed, 27 Jun 2018 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180627070003_13694812/ <![CDATA[RNS press release - Appointment of Technical Director ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180620160004_13687561/ Wed, 20 Jun 2018 16:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180620160004_13687561/ <![CDATA[RNS press release - Horse Hill Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180614123001_13680047/ Thu, 14 Jun 2018 12:30:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180614123001_13680047/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180529141651_13658438/ Tue, 29 May 2018 14:16:51 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180529141651_13658438/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180525105049_13655872/ Fri, 25 May 2018 10:50:49 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180525105049_13655872/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180524154509_13654642/ Thu, 24 May 2018 15:45:09 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180524154509_13654642/ <![CDATA[News - Alba Mineral Resources wants to extend licence for Limerick metals project ]]> http://www.proactiveinvestors.co.uk/companies/news/197569/alba-mineral-resources-wants-to-extend-licence-for-limerick-metals-project-197569.html Alba Mineral Resources Plc (LON:ALBA) told investors that it wants to extend its licence for the Limerick base metal project in the Republic of Ireland.

The company, which holds 100% of the project via Aurum Mineral Resources, said that a review of the exploration results has identified up to five drill targets for a future work programme planned for the summer.

A licence renewal would give the company another two years, until May 2020, and it would require at least one or more of the target to be drilled - with at least €50,000 due to be spent on the project.

READ: Alba Minerals raises £800,000 

Before drilling can take place the company will need to complete an environmental screening report fir the Exploration and Mining Division of Ireland.

“Given the strategic location of the ground and the fact that we are able to test some of these targets relatively inexpensively, we have decided to seek a renewal of our licence,” said George Frangeskides, Alba executive chairman.

"The Irish mining sector has witnessed something of a resurgence in recent months, with increased activity within the established Irish Zinc District, in which Alba's Limerick Project is located.

He added: “The Irish Ore Field has been a major source of zinc production since the 1960s and is currently home to some of Europe's largest zinc projects including the Navan (Tara) zinc-lead mine (Boliden), the Pallas Green deposit (Glencore) and the past producing Lisheen mine (Vedanta) and Galmoy mine (Lundin Mining).”

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Wed, 23 May 2018 15:07:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/197569/alba-mineral-resources-wants-to-extend-licence-for-limerick-metals-project-197569.html
<![CDATA[RNS press release - Offer to Renew Prospecting Licence ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180523143010_13652629/ Wed, 23 May 2018 14:30:10 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180523143010_13652629/ <![CDATA[RNS press release - Grant of Options and Warrants ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180502160916_13627822/ Wed, 02 May 2018 16:09:16 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180502160916_13627822/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180502110150_13627321/ Wed, 02 May 2018 11:01:50 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180502110150_13627321/ <![CDATA[News - Alba Minerals raises £800,000 as it homes in on exploration targets in Greenland ]]> http://www.proactiveinvestors.co.uk/companies/news/196233/alba-minerals-raises-800000-as-it-homes-in-on-exploration-targets-in-greenland-196233.html Alba Minerals Resources PLC (LON:ALBA) has identified four targets so far at its Inglefield Land licence in Greenland.

A review of historical sampling data highlighted anomalous grades of gold, copper, zinc and cobalt in the four areas.

WATCH: Alba Minerals' boss delighted Horse Hill pre-conditions have been met

Additional targets have also been identified and Alba will do more desktop-based geological and geophysics studies ahead of the start of fieldwork.

At Thule, Alba’s shoreline minerals sands licence in Greenland, near surface sample testwork showed ilmenite quality in a titanium dioxide content range of 45.6% to 47.4% with an average of 46.4% and low contaminants. This was Ilmenite quality and not final product grade, Alba added.

Ilmenite is the primary source of titanium dioxide, TiO2, used as a whitening pigment in paints, plastics and paper. Other uses include the manufacture of titanium metal. 

Alba will soon commence testwork on the two mini-bulk samples collected from the maiden sampling campaign.

Elsewhere in Greenland, conceptual geological models have been created for both Amitsoq and Kalaaq graphite targets

In Wales, a conceptual model has been completed for the Clogau Gold Project (49% owned) and initial regional exploration targets identified.

George Frangeskides, executive chairman, said: "A lot of work is being undertaken behind the scenes by our technical team as we refine our exploration targets in Greenland and Wales. 

“The ongoing testwork and data evaluation across our suite of projects has so far produced promising results.”  

Separately, Alba has raised £800,000 at 0.3p per share, money which has been earmarked for onshore UK oil and gas sector (Horse Hill and Brockham) and the mining portfolio in Greenland and Wales.

- updates for placing--

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Wed, 02 May 2018 09:16:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/196233/alba-minerals-raises-800000-as-it-homes-in-on-exploration-targets-in-greenland-196233.html
<![CDATA[RNS press release - Mining Projects Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180502070014_13626603/ Wed, 02 May 2018 07:00:14 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180502070014_13626603/ <![CDATA[RNS press release - Notice of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180501181051_13626480/ Tue, 01 May 2018 18:10:51 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180501181051_13626480/ <![CDATA[News - Alba Mineral reports on “exceedingly busy year” ]]> http://www.proactiveinvestors.co.uk/companies/news/195888/alba-mineral-reports-on-exceedingly-busy-year-195888.html Alba Mineral Resources Plc (LON:ALBA) told investors it has had “an exceedingly busy year” as it advanced key assets.

In the onshore UK oil portfolio, the company invested in the Horse Hill and Brockham projects. The company said it has experienced “significant strides forward” for both projects.

Meanwhile, the mining side of the business remains a key focus for the company.

READ: Alba Minerals' boss delighted Horse Hill pre-conditions have been met

In the year, the company completed a two-phase exploration programme at the high-grade Amitsoq graphite project in southern Greenland and was subsequently able to report a significant new discovery.

The company also added interests in the Clogau gold project with an acquisition in the new year.

“Now we are working to bring some of our other key assets through the exploration and development phase and into the mining and production phases in the years ahead,” the company said.

“This is what we were formed to do as a company, and it remains a key objective for Alba as we seek to create real value for our shareholders.”

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Thu, 26 Apr 2018 15:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/195888/alba-mineral-reports-on-exceedingly-busy-year-195888.html
<![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180426143004_13620398/ Thu, 26 Apr 2018 14:30:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180426143004_13620398/ <![CDATA[News - Alba Mineral Resources raises £750,000 to advance natural resources portfolio ]]> http://www.proactiveinvestors.co.uk/companies/news/194016/alba-mineral-resources-raises-750000-to-advance-natural-resources-portfolio-194016.html Alba Mineral Resources Plc (LON:ALBA) has raised £750,000 of new capital, with the issue of 250mln new shares priced at 0.3p each.

The investor in natural resource assets said the injection of cash would be principally used to advance its portfolio of assets including the Horse Hill and Brockham oil projects onshore UK as well as its mining assets in Greenland and Wales.

READ: UK Oil & Gas, Alba Mineral Resources advance in early deals after Horse Hill update

It added that the new shares will be admitted to trading on London’s AIM market around April 13.

In recent weeks, Alba has strengthened its oil and gas team with new appointments that have brought in valuable sector expertise. At Horse Hill, the oil field partners recently had confirmation that a planned work programme had met the conditions for local government clearance.

Alba has a 5% stake in the Brockham project, where the operator Angus Energy today provided an update - the field has resumed production at 21 barrels of oil per day, and is expected to rise up to 35 bopd.

The Brockham partners are waiting on bureaucracy, with processes underway at Surrey County Council regarding permissions for surface activities for the BR-X4 well.

It has also highlighted “really good” progress with the Clogau gold project, in Wales, and gained important insights at the Thule black sands project in north west Greenland.

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Thu, 29 Mar 2018 08:36:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/194016/alba-mineral-resources-raises-750000-to-advance-natural-resources-portfolio-194016.html
<![CDATA[RNS press release - Brockham Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180329080002_13586370/ Thu, 29 Mar 2018 08:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180329080002_13586370/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180329070004_13585910/ Thu, 29 Mar 2018 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180329070004_13585910/ <![CDATA[Media files - Alba Minerals' boss delighted Horse Hill pre-conditions have been met ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8938/alba-minerals-boss-delighted-horse-hill-pre-conditions-have-been-met-8938.html Fri, 23 Mar 2018 13:04:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8938/alba-minerals-boss-delighted-horse-hill-pre-conditions-have-been-met-8938.html <![CDATA[News - UK Oil & Gas, Alba Mineral Resources advance in early deals after Horse Hill update ]]> http://www.proactiveinvestors.co.uk/companies/news/193680/uk-oil-gas-alba-mineral-resources-advance-in-early-deals-after-horse-hill-update-193680.html UK Oil & Gas (LON:UKOG) shares advanced over 6% in early deals as it updated on the planning progress at the closely followed Horse Hill oil project in southern UK.

Alba Mineral Resources PLC (LON:ALBA) was up 1.37%, also after the update.

Both are members of the consortium behind Horse Hill Developments Ltd (HHDL), which has a 65% participating interest in the project.

WATCH: Alba Minerals' boss delighted Horse Hill pre-conditions have been met

Alba owns 18.1% interest in Horse Hill Developments Ltd, while UKOG has a 48% stake.

HHDL has now received final decision notices from Surrey County Council, saying all pre-commencement planning conditions had been met.

In November last year, HHDL was  given the green light to carry out extended flow tests at HH-1, as well as to drill and test both a sidetrack from the existing HH-1 well and the new well Horse Hill-2.

HHDL has already received the go-ahead from the Environment Agency and is now awaiting approval from the Oil and Gas Authority.

Alba is also the operator of the Horse Hill oil and gas project, which consists of licences PEDL 137 and PEDL 246.

HHDL is a consortium of eight resource companies of which the largest shareholder is UK Oil & Gas Investments PLC (LON: UKOG).

Earlier this year, Solo Oil (LON:SOLO) lifted its stake in HHDL to 15%, giving the company an effective 9.75% interest in the underlying oil project.

UKOG shares added 6.25% to 1.275p.  Alba Minerals added 1.37% to 0.37p.

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Fri, 23 Mar 2018 07:39:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193680/uk-oil-gas-alba-mineral-resources-advance-in-early-deals-after-horse-hill-update-193680.html
<![CDATA[RNS press release - Horse Hill Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180323070005_13578425/ Fri, 23 Mar 2018 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180323070005_13578425/ <![CDATA[News - Alba Mineral Resources secures 5-year extension for Greenland graphite project ]]> http://www.proactiveinvestors.co.uk/companies/news/193622/alba-mineral-resources-secures-5-year-extension-for-greenland-graphite-project-193622.html Alba Mineral Resources Plc (LON:ALBA) has confirmed that its licence for the Amitsoq project in Greenland has been extended for 5 years.

The explorer’s current tenure at Amitsoq now spans from 2018 to 2022.

It also noted that the authorities have confirmed that the spending obligations attached to 2018 have now been reduced to zero.

READ: Alba Mineral Resources further strengthens oil and gas expertise

"We are grateful to the Government of Greenland for the continuing strong support they give to those of us operating in the mining sector in Greenland,” said George Frangeskides, Alba’s executive chairman.

“The latest demonstration of that support, in recognition of a view that global conditions for mining exploration remain sub-optimal, is the Government's decision to apply a moratorium on exploration expenditure commitments for the duration of calendar year 2018 for all licences entering into year six or more of their term, which includes our Amitsoq licence."

Alba highlighted that additional metallurgical test work has confirmed that graphite material from Amitsoq can be used to produce a marketable grade concentrate.

Frangeskides added: “We have continued to push forward our work at Amitsoq, as shown by the completion of these latest positive testwork results. 

“The grant of a further five year licence term is a major development and reward for the significant work we have put into the Project over the past few years.  Aside from Amitsoq, we now have a strong portfolio of exploration assets in Greenland and we look forward to announcing our plans for this coming field season soon."

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Thu, 22 Mar 2018 09:26:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193622/alba-mineral-resources-secures-5-year-extension-for-greenland-graphite-project-193622.html
<![CDATA[RNS press release - Amitsoq Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180322070007_13576577/ Thu, 22 Mar 2018 07:00:07 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180322070007_13576577/ <![CDATA[News - Alba Mineral Resources further strengthens oil and gas expertise ]]> http://www.proactiveinvestors.co.uk/companies/news/193542/alba-mineral-resources-further-strengthens-oil-and-gas-expertise-193542.html Alba Mineral Resources Plc (LON:ALBA), an investor in the Horse Hill project, has further strengthened its oil and gas team with the appointment of Feroz Sultan as a special adviser.

Sultan joins Sue Corrigan who has hired earlier this month as technical consultant.

READ: Alba Mineral Resources appoints industry heavy hitter as oil consultant

He has, since 2013, been a director of a private company which is an equity partner in assets in Yorkshire and is also pursuing opportunities in Europe and Mozambique.

“Feroz has a wealth of experience and has run significant oil and gas projects and companies in his time," said George Frangeskides, Alba executive chairman.

"Feroz's combination of technical and corporate skills in the sector will be invaluable as we enter the key testing and production phases at Horse Hill and Brockham respectively. 

“Together with our recent appointment of Sue Corrigan, Alba now has a strong oil and gas team in place to guide the company through the next phase in its development."

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Wed, 21 Mar 2018 09:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193542/alba-mineral-resources-further-strengthens-oil-and-gas-expertise-193542.html
<![CDATA[RNS press release - Alba Further Strengthens Oil & Gas Team ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180321090002_13575258/ Wed, 21 Mar 2018 09:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180321090002_13575258/ <![CDATA[News - Alba Mineral Resources appoints industry heavy hitter as oil consultant ]]> http://www.proactiveinvestors.co.uk/companies/news/193136/alba-mineral-resources-appoints-industry-heavy-hitter-as-oil-consultant-193136.html Alba Mineral Resources PLC (AIM: ALBA), which has oil interests in the emerging Weald Basin in the south of England, has appointed a heavy hitting technical consultant.

She is Sue Corrigan, a geologist and geoscientist with 40 years' industry experience in both exploration and development geology.

READ: Alba Mineral Resources works aerial photography into its understanding of Thule Black Sands project

George Frangeskides, Alba’s chairman, said Corrigan brings with her a “wealth of experience”.

Having held roles at Shell and Amoco, she was until 2015 at Tullow Oil (LON:TLW), one of the UK’s most successful explorers.

Vast experience 

Her know-how of reservoir evaluation spans UK continental shelf and UK southern gas basin, Norway, Algeria, Venezuela, Uganda, Kenya, sub-Saharan Africa and offshore Ghana.

Corrigan’s appointment comes at a key juncture for Alba, which is the second-largest shareholder in Horse Hill, the oil discovery near Gatwick airport that could transform the oil development potential of the Weald.

Following some imminent upgrades to site facilities, the operator is due to start a 150-day production testing programme on the well’s Portland and Kimmeridge reservoirs.

The objective is to confirm the presence of a viable oil volumes that will allow the consortium involved in the operation to make a declaration of commerciality at Horse Hill.

 

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Wed, 14 Mar 2018 08:12:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193136/alba-mineral-resources-appoints-industry-heavy-hitter-as-oil-consultant-193136.html
<![CDATA[RNS press release - Appointment of Oil & Gas Consultant ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180314070003_13565841/ Wed, 14 Mar 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180314070003_13565841/ <![CDATA[News - Alba Mineral Resources works aerial photography into its understanding of Thule Black Sands project ]]> http://www.proactiveinvestors.co.uk/companies/news/193059/alba-mineral-resources-works-aerial-photography-into-its-understanding-of-thule-black-sands-project-193059.html Aerial photography across the Thule Black sands project in Greenland undertaken by Alba Mineral Resources PLC (LON:ALBA) has now been compiled into a georeferenced orthophoto and digital elevation model by GEUS, the Geological Survey of Denmark and Greenland.

Alba took aerial photography across the licence area as part of the field programme in the third quarter of 2017. 

READ: Alba Minerals making "really good progress" at Clogau gold project

The aerial photography highlights target mineralisation from across the entire 22km of coastline within the Project area

The work by GEUS will assist in identifying future exploration targets and will aid mapping of the sedimentary features. This will in turn assist the geological modelling for use in future resource estimates.

"We are grateful to the Geological Survey of Denmark and Greenland, GEUS, for their assistance in compiling this report,” said Alba's Executive Chairman, George Frangeskides.

“GEUS has been exploring the Thule region of north-west Greenland for many decades and has amassed a substantial geological database for the region.  This latest analysis of the extensive mineralised coastline at our Thule Black Sands Project will greatly help us in the weeks and months ahead as we prepare a significant field work programme for this coming field season."

 

 

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Tue, 13 Mar 2018 08:26:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/193059/alba-mineral-resources-works-aerial-photography-into-its-understanding-of-thule-black-sands-project-193059.html
<![CDATA[RNS press release - Thule Black Sands ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180313070004_13564132/ Tue, 13 Mar 2018 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180313070004_13564132/ <![CDATA[News - Alba Minerals making "really good progress" at Clogau gold project ]]> http://www.proactiveinvestors.co.uk/companies/news/192841/alba-minerals-making-really-good-progress-at-clogau-gold-project-192841.html The first two months of the year has seen “really good progress” at the Clogau gold project in Wales, Alba Mineral Resources PLC (LON:ALBA) said.

The company, which has a stake in the mine through its 49% interest in the project’s owner, Gold Mines of Wales (GMOW), said detailed underground surveying by means of three-dimensional (3D) scanning of immediately accessible areas within the upper adit has been completed.

READ: Alba Mineral Resources adds to exploration acreage in Greenland

A 3D geological model is being constructed for the entire licence area and the existing mine workings.

Alba said a preliminary mine plan is being generated and the primary targets for regional gold exploration are being refined for the spring 2018 field programme.

“The underground scanning of the extensive mine workings, and the 3D geological model that we are developing, will be invaluable assets in leading us to the principal targets for unworked gold mineralisation within the mine,” said George Frangeskides, the executive chairman of Alba.

“Having identified over 300 known gold occurrences within the wider project area, we are certainly spoilt for choice," he added.

"This is a known and vastly under-explored gold belt - the great majority of it under licence to GMOW - and we are excited by the prospect of exploring the highest priority gold occurrences in the coming weeks,” Frangeskides said.

Shares in Alba were up 1.1% at 0.359p following the announcement.

 

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Thu, 08 Mar 2018 10:50:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/192841/alba-minerals-making-really-good-progress-at-clogau-gold-project-192841.html
<![CDATA[RNS press release - Clogau Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180308092832_13559641/ Thu, 08 Mar 2018 09:28:32 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180308092832_13559641/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180308070006_13559013/ Thu, 08 Mar 2018 07:00:06 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180308070006_13559013/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180302160253_13553484/ Fri, 02 Mar 2018 16:02:53 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180302160253_13553484/ <![CDATA[RNS press release - Corporate Presentation ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180227163001_13548009/ Tue, 27 Feb 2018 16:30:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180227163001_13548009/ <![CDATA[News - Alba Mineral Resources adds to exploration acreage in Greenland ]]> http://www.proactiveinvestors.co.uk/companies/news/191437/alba-mineral-resources-adds-to-exploration-acreage-in-greenland-191437.html Alba Mineral Resources plc (LON:ALBA) has snapped up a licence in north-west Greenland close to its existing Inglefield Land blocks.

The additional ground was previously under licence to NunaMinerals, which held some of the potentially most prospective areas in Greenland according to Alba.

Last year, though, Greenland made much of the former Nuna exploration ground available in a formal application process.

WATCH: Alba Mineral Resources' oil & gas play pairs well with strong mining expertise

George Frangeskides, Alba's executive chairman, said: “Once further ground became available (at Inglefield Land) late last year, we identified the major areas of interest and submitted our application."

Previous exploration has already confirmed potential for copper-zinc volcanogenic massive sulphide (VMS) deposits, while extensive surface sampling reported anomalous copper (up to 1.39%), gold (up to 1.7g/t), cobalt (up to 0.16%), vanadium and nickel. 

"One of the drivers for us to look at the potential within Inglefield Land is that we already have a strong base in north-west Greenland with our Thule Black Sands project," added Frangeskides.

"As we will be working extensively up at Thule this coming field season, we will be able to utilise the same team and logistics to undertake a first field exploration campaign at Inglefield Land, which is approximately 100km to the north of the town (and exploration base) of Qaanaaq, Thule Black Sands being approximately 80km to the south. 

READ: Angus Energy to re-start Brockham in Surrey with two wells

"In the coming months, investors can expect to see significant news flow at Alba, not only across our suite of high-quality mining assets in Greenland and the UK, but also of course in relation to our substantial interests in the Horse Hill and Brockham oil projects.” 

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Fri, 09 Feb 2018 08:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/191437/alba-mineral-resources-adds-to-exploration-acreage-in-greenland-191437.html
<![CDATA[RNS press release - Further Exploration Ground Secured at Inglefield ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180209070003_13527308/ Fri, 09 Feb 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180209070003_13527308/