Alba Mineral Resources (ALBA)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.018p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.049
  • 52 Week Low: 0.011
  • Currency: UK Pounds
  • Shares Issued: 14,777m
  • Volume: 166,861,256
  • Market Cap: £2.59m
  • RiskGrade: 447
  • Beta: 0.03

Alba gets extension to exploration licence at Clogau-St David's

By Josh White

Date: Thursday 11 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Alba Mineral Resources said on Thursday that the Crown Estate has agreed to extend the duration of its exclusive exploration licence over the Clogau-St David's Gold Mine in north Wales.
The AIM-traded firm said its subsidiary GMOW was originally awarded a six-year exclusive exploration licence, termed an 'option agreement', from 10 February 2015 over a 107 square kilometre area encompassing the Clogau-St David's mine and the majority of the Dolgellau gold belt.

It said the exploration licence had now been extended for a further four years, being the maximum extension possible under the terms of the original licence.

As such, the licence would now remain in full force and effect until 9 February 2025.

In keeping with the original terms, GMOW would be required to submit formal progress reports every two years.

As and when GMOW was ready to proceed to commercial production, Alba said it would apply to convert the exploration licence into a formal, long-term lease.

"We are delighted to have secured the maximum possible extension to our exclusive exploration licence over the Clogau-St David's Gold Mine," said executive chairman George Frangeskides.

"We can now continue our progress towards reopening the mine, secure in the knowledge that our rights are protected into the future."

At 1208 GMT, shares in Alba Mineral Resources were down 3.92% at 0.36p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ALBA Market Data

Currency UK Pounds
Share Price 0.018p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.049
52 Week Low 0.011
Volume 166,861,256
Shares Issued 14,777m
Market Cap £2.59m
Beta 0.03
RiskGrade 447

ALBA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.39% above the market average51.39% above the market average51.39% above the market average51.39% above the market average51.39% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Price Trend
88.15% below the market average88.15% below the market average88.15% below the market average88.15% below the market average88.15% below the market average
73.13% below the sector average73.13% below the sector average73.13% below the sector average73.13% below the sector average73.13% below the sector average
Income Not Available
Growth Not Available

ALBA Dividends

No dividends found

Trades for 22-Jul-2025

Time Volume / Share Price
13:15 591,133 @ 0.018p
11:33 6,366,722 @ 0.018p
11:30 19,422,277 @ 0.018p
11:28 9,754,245 @ 0.018p
10:25 55,865,921 @ 0.018p

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