Business
Half-year Report
Half-year Report.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n\nAlba Mineral Resources plc\n(\"Alba\" or the \"Company\")\n \nHALF-YEARLY REPORT\nThe Board of Directors of Alba Mineral Resources plc (the \"Company\" or \"Alba\") is pleased to report the Company's interim results for the six months ended 31 May 2023. They incorporate the results of its subsidiary companies Aurum Mineral Resources Limited (\"AMR\"), Mauritania Ventures Limited (\"MVL\"), Dragonfire Mining Limited (\"DML\"), the Gold Mines of Wales group of companies (\"GMOW\") and GMOW (Gwynfynydd) Limited (together, the \"Subsidiary Companies\", collectively with Alba, the \"Group\").\nFor the period to 9 March 2023 the interim results also consolidate the GreenRoc Mining Plc group of companies (\"GreenRoc\") comprising Greenroc Mining Plc, Obsidian Mining Limited (\"OML\"), White Eagle Resources Limited (\"WERL\") and White Fox Resources Limited (\"WFRL\") (together, \"GreenRoc\"). After this date the investment is treated as an associate.\nCHAIRMAN'S STATEMENT\nI am pleased to present shareholders with a review of our activities in the six months to 31 May 2023. \n1. REVIEW OF ACTIVITIES\n1.1 WELSH GOLD PROJECTS\n(Clogau-St David's, Gwynfynydd and Dolgellau Gold Exploration Project) (100%)\nDuring the reporting period, a lot of our work was focused on securing the ecological permits required for us to be able to dewater and then explore the Lower Llechfraith Workings at the Clogau-St David's Gold Mine in north Wales (\"Clogau\" or the \"Mine\"), this being our highest priority gold target within the Mine system. \nThe Lower Llechfraith workings have all the key geological characteristics for the occurrence of high-grade gold mineralisation, including greenstone sills, Clogau Shales and structural complexity in the lode itself. This area was a key focus for the last large-scale development efforts at Clogau, prior to Alba's time. Historical plans from that period record sightings of visible gold within these lower workings. Alba's 2020-21 surface drilling programme proved the downward continuation of the Llechfraith lode structure up to around 122 metres below where it was last explored on Level 4. As such, the target structure below this level has been untouched by historical exploration and development.\nAccess to the Lower Llechfraith workings has not been poss...