Alba Mineral Resources (ALBA)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.063p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.17p
  • 52 Week Low: 0.055p
  • Currency: UK Pounds
  • Shares Issued: 8,330m
  • Volume: 9,326,891
  • Market Cap: £5.21m
  • RiskGrade: 447

Alba Mineral Resources resumes work at Clogau, delays Amitsoq

By Josh White

Date: Wednesday 22 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Exploration and development company Alba Mineral Resources updated the market on its field activities on Wednesday, reporting that work at the Clogau Gold Project had resumed following the easing of Covid-19 lockdown restrictions, while it was delaying its drilling programme at Amitsoq.
The AIM-traded firm said the priority for Clogau for the rest of 2020 would be the execution of an underground bulk sampling programme, subject to the receipt of regulatory approvals.​

It said the first bulk sample would be processed off-site at an accredited processing facility in the UK.

After that, Alba said it would establish its own dedicated pilot processing plant, with the board also confirming that the Amitsoq drilling programme had been deferred until 2021.

"We have a team currently carrying out underground sampling and 3D scanning and refining our targets for underground bulk sampling and drilling," said executive chairman George Frangeskides.

"The bulk samples we take will initially be processed at a third-party facility offsite, but in the meantime we will look to establish our own dedicated pilot processing plant capable of processing three tonnes of material per hour or around 400 tonnes per month."

At 1600 BST, shares in Alba Mineral Resources were down 4.97% at 0.078p.

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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 0.063p
Change Today 0.000p
% Change 0.00 %
52 Week High 0.17p
52 Week Low 0.055p
Volume 9,326,891
Shares Issued 8,330m
Market Cap £5.21m
RiskGrade 447

ALBA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.43% above the market average37.43% above the market average37.43% above the market average37.43% above the market average37.43% above the market average
19.7% below the sector average19.7% below the sector average19.7% below the sector average19.7% below the sector average19.7% below the sector average
Price Trend
80.85% below the market average80.85% below the market average80.85% below the market average80.85% below the market average80.85% below the market average
49.65% below the sector average49.65% below the sector average49.65% below the sector average49.65% below the sector average49.65% below the sector average
Income Not Available
Growth Not Available

ALBA Dividends

No dividends found

Trades for 31-May-2024

Time Volume / Share Price
16:14 796,774 @ 0.062p
16:05 260,983 @ 0.056p
15:50 515,897 @ 0.062p
15:29 160,000 @ 0.063p
15:05 500,000 @ 0.062p

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