http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Sat, 26 May 2018 16:42:00 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![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/ <![CDATA[News - Angus Energy to re-start Brockham in Surrey with two wells ]]> http://www.proactiveinvestors.co.uk/companies/news/190026/angus-energy-to-re-start-brockham-in-surrey-with-two-wells-190026.html Angus Energy PLC (LON:ANGS) has confirmed production at the Brockham field near Reigate in the Weald Basin will re-start in March from two wells rather than the one originally planned.

Production will come from BR-X2Y and BR-X4Z and target the Portland Reservoir at a depth of about 615m.

READ: You missed the point - David Lenigas gives both Twitter barrels to Angus Energy critics

BR-X2Y was producing about 30bbl/day prior to its temporary closure.

Previously Angus had said it wanted 150 barrels daily from Brockham, including a sidetrack to X4Z.

Production from both wells will be carried out through conventional production with no fracking.

WATCH: Angus Energy & UKOG give latest twists for Weald basin exploration story

Angus Energy is the 65% majority owner and operator of the Brockham licence, with listed firm Alba Mineral Resources PLC (LON:ALBA) owning a 5% stake.

George Frangeskides, Alba's Executive Chairman, said: "We are pleased to report this proposed doubling in the number of wells that Angus Energy now wish to bring into production at Brockham this quarter.”

Shares in Angus rose 10% to 11.1p and Alba 2.5% to 0.42p.

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Mon, 15 Jan 2018 11:53:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190026/angus-energy-to-re-start-brockham-in-surrey-with-two-wells-190026.html
<![CDATA[RNS press release - Brockham Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180115103001_13496304/ Mon, 15 Jan 2018 10:30:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20180115103001_13496304/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171229110519_13480626/ Fri, 29 Dec 2017 11:05:19 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171229110519_13480626/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171229110012_13480614/ Fri, 29 Dec 2017 11:00:12 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171229110012_13480614/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171229090552_13480229/ Fri, 29 Dec 2017 09:05:52 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171229090552_13480229/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171229090030_13480217/ Fri, 29 Dec 2017 09:00:30 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171229090030_13480217/ <![CDATA[News - Alba Mineral Resources reveals findings from sampling at Amitsoq project ]]> http://www.proactiveinvestors.co.uk/companies/news/189313/alba-mineral-resources-reveals-findings-from-sampling-at-amitsoq-project-189313.html Alba Mineral Resources Plc (LON:ALBA) has reported exploration findings from the Amitsoq project in Greenland.

In a stock market statement, the company highlighted results from stream and sediment sampling for gold exploration and grab samples testing for the presence of platinum group metals (PGMs) in an ultramafic dyke, as well as grab samples of graphite occurrences.

READ: Alba Mineral Resources looks forward to significant cash flow as Horse Hill advances

Thirty-three graphite samples contained an average graphitic carbon content of 20.88%, and graphitic carbon content at the new Kalaaq graphite showing averaged 25.62% carbon(with the highest seen at 29%).

Additionally, the company said trace element geochemistry of graphite samples showed that they were low in potentially deleterious elements (As, Cd, Hg).

Grab samples collected from a sulphide-rich area of the Amitsoq hornblende peridodite dyke contained 0.3 grams per tonne platinum, 0.3 g/t palladium, and 0.3 g/t gold.

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

And stream sediment and grab samples collected over the licence area indicate that only the Søndre Sermilik target contains elevated gold (up to 0.4 g/t) and copper (up to 0.77%) concentrations in previously untested structures.

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Thu, 28 Dec 2017 09:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189313/alba-mineral-resources-reveals-findings-from-sampling-at-amitsoq-project-189313.html
<![CDATA[RNS press release - Summary of Geochemical Sampling at Amitsoq ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171228070002_13478280/ Thu, 28 Dec 2017 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171228070002_13478280/ <![CDATA[News - Alba Minerals confirms appointment of SRK Consulting as principal technical adviser to the Clogau gold project ]]> http://www.proactiveinvestors.co.uk/companies/news/189289/alba-minerals-confirms-appointment-of-srk-consulting-as-principal-technical-adviser-to-the-clogau-gold-project-189289.html Alba Mineral Resources PLC (LON:ALBA) has appointed Cardiff-based SRK Consulting as the principal technical adviser to the Clogau gold project in Wales.

AIM-listed Alba holds a 49% stake in Gold Mines of Wales Limited - the owner of the project.

READ: Alba Mineral Resources looks forward to significant cash flow as Horse Hill advances

The SRK team completed a site visit just before Christmas and they will now work alongside the GMOW team to formulate a detailed plan for the exploration and development work to be carried out in 2018.

“We are very pleased indeed to have secured the support of a firm of the international renown of SRK to assist us and project operator GMOW as we take the Clogau Gold Project forward in the coming months and years,” said Alba’s executive chairman George Frangeskides.

“This is doubly the case as SRK has such a close connection with Wales. Clogau is a project with a very special place in the heritage of the United Kingdom and specifically in Wales, and as such it is important to us to have the support as many relevant stakeholders in Wales as possible we seek to take the project forward.”

READ: Alba might have next big minerals sands story says broker

Alba shares dipped 5.3% to 0.44p on Wednesday.

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Wed, 27 Dec 2017 10:23:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189289/alba-minerals-confirms-appointment-of-srk-consulting-as-principal-technical-adviser-to-the-clogau-gold-project-189289.html
<![CDATA[RNS press release - Appointment of SRK Consulting ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171227070007_13476910/ Wed, 27 Dec 2017 07:00:07 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171227070007_13476910/ <![CDATA[News - Alba Mineral Resources looks forward to significant cash flow as Horse Hill advances ]]> http://www.proactiveinvestors.co.uk/companies/news/189013/alba-mineral-resources-looks-forward-to-significant-cash-flow-as-horse-hill-advances-189013.html Alba Mineral Resources PLC (LON:ALBA) executive chairman George Frangeskides is looking forward to “a key step” towards commercial production and significant cash flow as the Horse Hill oil project moves closer to its next phase.

A series of stock market statements, from the clutch of oil companies invested in the project, informed investors that the Horse Hill operating vehicle, HHDL, has confirmed that the programme will get underway “in late winter 2017/18”.

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

The programme, which includes a 150-day production test and new drilling, is designed to confirm the commerciality of the Portland and Kimmeridge oil discoveries. It will also set up the project for the start of long term production, targeted in early 2019.

“We are pleased that, together with our consortium partners and the operator HHDL, we have now clearly mapped the path towards commercial production at Horse Hill,” Frangeskides said in a statement.

“The execution of this programme in 2018 will be a key step towards delivering the goal of commercial production and significant cash flow at Horse Hill."

Long term production testing

First the existing well will be tested for production, starting with the Portland zone – which flowed at a rate of 323 barrels of oil per day previously - before the KL3 and KL4 Kimmeridge zones are tested.

Each zone is to flow for 30 to 40 days. It will see sequences of steady state production and shut-in periods, this will be done to help establish how much of Horse Hill’s oil-in-place is directly connected to the well.

It is also planned that a short maximum rate flow test will take place for each reservoir, and, schedule permitting, previously untested deeper Kimmeridge zones may undergo short-term tests.

New drilling

After that, it is planned that the Horse Hill 2 appraisal well will be drilled, likely by summer 2018.

The well is being planned with ‘optionality’ to deepen into the Kimmeridge and could also be deviated northwards to access the Portland in the Collendean Farm fault block (where significant oil-in-place is seen).

It is now anticipated that the new sidetrack to the first Horse Hill well will now move into the schedule for 2019, once a new Kimmeridge reservoir model has been developed using the longer term production test data, in addition to the well data from Broadford Bridge and Horse Hill 2.

A new planning application for long term oil production is due to be submitted to the authorities by late spring 2018.

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Tue, 19 Dec 2017 10:17:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189013/alba-mineral-resources-looks-forward-to-significant-cash-flow-as-horse-hill-advances-189013.html
<![CDATA[RNS press release - Horse Hill Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171219070003_13470056/ Tue, 19 Dec 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171219070003_13470056/ <![CDATA[News - Alba might have next big minerals sands story says broker ]]> http://www.proactiveinvestors.co.uk/companies/news/188819/alba-might-have-next-big-minerals-sands-story-says-broker-188819.html Alba Mineral Resources PLC's (LON:ALBA) Thule Black Sands has potential to be the next big heavy mineral sands story says First Equity.

The Aim-listed junior has made remarkable progress at the ilmenite project in Greenland, added the broker.

Alba was only awarded the licence last August but the company is now aiming to define a maiden JORC resource.

The swift progress, however, and Thule's close location to Bluejay Mining’s (Market Cap £172mln v Alba’s £8.4mln) ilmenite project at Dundas, has been completely overlooked by the market.

Two major newsflow events, the JORC resource at Thule and feasibility study at Dundas, are expected within the coming months and could soon change this perception, the broker adds

On top of this, Alba has added a new gold project in Wales at Clogau, from which premium branded gold could be produced.

The company also has a significant holding in the Horse Hill oil development near Gatwick where extended flow testing is scheduled to get underway in the near year.

Alba has a 5% stake in the Brockham field as well, where production in expected to start in the first quarter of 2018.

First Equity analyst Jason Robertson has a target price of 6p, or more than 15 times the 0.36p in the market currently, and made up of 4.1p for Horse Hill and 1.9p for Thule.

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Thu, 14 Dec 2017 14:27:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188819/alba-might-have-next-big-minerals-sands-story-says-broker-188819.html
<![CDATA[Media files - Alba Mineral Resources' oil & gas play pairs well with strong mining expertise ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8509/alba-mineral-resources-oil-gas-play-pairs-well-with-strong-mining-expertise-8509.html Fri, 08 Dec 2017 10:56:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8509/alba-mineral-resources-oil-gas-play-pairs-well-with-strong-mining-expertise-8509.html <![CDATA[RNS press release - Acquisition of Interest in Gold Mines of Wales ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171204070004_13452069/ Mon, 04 Dec 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171204070004_13452069/ <![CDATA[RNS press release - Thule Flyover Video Released ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171201140937_13451441/ Fri, 01 Dec 2017 14:09:37 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171201140937_13451441/ <![CDATA[RNS press release - Further Interest in Horse Hill ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171129163001_13448230/ Wed, 29 Nov 2017 16:30:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171129163001_13448230/ <![CDATA[RNS press release - Thule Presentation ]]> http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171122070003_13439723/ Wed, 22 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/37/LSE20171122070003_13439723/