Alba Mineral Resources (ALBA)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.045p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.10p
  • 52 Week Low: 0.035p
  • Currency: UK Pounds
  • Shares Issued: 9,726m
  • Volume: 5,591,684
  • Market Cap: £4.38m
  • RiskGrade: 447

Alba looks to 'refine' exploration targets in Greenland and Wales

By Iain Gilbert

Date: Wednesday 02 May 2018

LONDON (ShareCast) - (Sharecast News) - AIM-quoted firm Alba Mineral Resources provided investors with an update on its mining projects on Wednesday, unveiling results from both its Greenland and Wales-centred programmes.
At the Inglefield Land project in Greenland, Alba has identified four initial high priority targets within the licence that showed anomalous grades of gold, copper, zinc and cobalt, and ongoing testwork at its Thule Black Sands asset revealed ilmenite quality in a TiO2 content range of 45.6% to 47.4% with an average of 46.4% and low contaminants.

Alba is the 100% owner and operator of Inglefield and Thule.

At Amitsoq, in which the firm holds a 90% interest, conceptual gelogical models of two graphite targets within the Greenland licence had also been created.

Over at the Clogau gold project in Wales, where Alba maintained a 49% stake, inital regional targets had been identified after the completion of a geological model to be used for regional exploration.

Alba's executive chairman, George Frangeskides, 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. We will keep shareholders updated of further material developments," he added.

As of 0820 BST, Alba shares had lost 2.60%

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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 0.045p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.10p
52 Week Low 0.035p
Volume 5,591,684
Shares Issued 9,726m
Market Cap £4.38m
RiskGrade 447

ALBA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average38.83% above the market average
20.63% above the sector average20.63% above the sector average20.63% above the sector average20.63% above the sector average20.63% above the sector average
Price Trend
82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average82.62% below the market average
66.42% below the sector average66.42% below the sector average66.42% below the sector average66.42% below the sector average66.42% below the sector average
Income Not Available
Growth Not Available

ALBA Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:26 984,251 @ 0.043p
15:59 422,066 @ 0.045p
15:21 5,032 @ 0.046p
14:51 1,404,242 @ 0.045p
12:00 10,000 @ 0.042p

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