Business
Final Results and Notice of AGM
Final Results and Notice of AGM.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n\n \nAlba Mineral Resources plc\n(\"Alba\" or the \"Company\")\nFinal Results and Notice of AGM\n \nAlba Mineral Resources plc (AIM: ALBA) is pleased to announce its Final Results for the year ended 30 November 2024 and to give details of its forthcoming Annual General Meeting (\"AGM\").\n \nOVERVIEW\nSuccessful sales of first gold production from Clogau-St David's Mine (\"Clogau\" or the \"Mine\") in three decades\n- Three limited edition 1oz, 24-carat \"Tyn-y-Cornel\" Welsh gold coins produced from gold from the Mine and historic Waste Tip, with each coin being sold for ~ 8.5x the gold spot price (total revenues £62k).\n- Premium price achieved validates unique commercial potential of the Mine.\nExtensive underground and processing plant works at Clogau\n- Successful dewatering of Level 5 followed by extensive clearance, safety and access works.\n- Extensive in-mine infrastructure completed (cabling, winches, shaft doors, rails, ventilation).\n- First phase of blasting successfully completed.\n- Modifications to onsite pilot processing plant to improve throughput and recoveries.\nWaste tip trenching results\n- Trenching, processing and refining of Waste Tip material in July 2024 returned average head grades for trenches 1 and 3 of 3.19 g/t.\n- A similar exercise undertaken in April 2025 in respect of trenches 2 and 4, post modification of the pilot processing plant, returned an average head grade of 9.2 g/t, considered to be very positive for the economics of future Waste Tip processing.\nGreenRoc investment\n- At year end, Alba had a stake of 34.34% in GreenRoc Strategic Materials Plc (\"GreenRoc\") (now 28.01% due to the effect of recent GreenRoc's share placings).\n \n- Alba has participated in share placings by GreenRoc during the year and post year end, and continues to provide key strategic and technical support to GreenRoc\n \n- Letter of Interest (\"LOI\") signed with US EXIM Bank and, most recently, with Export and Investment Fund of Denmark (\"EIFO\") for the provisi...