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.”