Alba Mineral Resources Plc · LSE:ALBA
Alba Mineral Resources — Investor Presentation (February 2021)
28 slides from Alba Mineral Resources's investor presentation, February 2021
Slide 1: UK & Ireland Mining Portfolio
UK & IRELAND MINING PORTFOLIO February 2021 l
Slide 2: Disclaimer
DISCLAIMER This presentation is made on behalf of Alba Mineral Resources PLC (“the Company”). It does not constitute an admission document relating to the Company nor does it constitute an offer or invitation to purchase or subscribe for any securities in the Company. No reliance may be placed whats
Slide 3: Alba's Board and Management
ALBA’S BOARD AND MANAGEMENT George Frangeskides Executive Chairman More than 25 years’ experience in natural resources, corporate advisory & legal sectors in the UK, Europe, Africa and Australia Michael Nott Non-Executive Director Geologist and mining engineer with over 40 years’ experience Elizabet
Slide 4: Alba Snapshot
ALBA SNAPSHOT Diversity ▪ Mining Assets and Oil & Gas Investments ▪ Operating only in Low-Risk, Resources-Friendly Stability Jurisdictions ▪ Clogau-St David’s: High-Grade Gold Production Potential ▪ Thule Black Sands: High-Grade Ilmenite ▪ Amitsoq: High-Grade Graphite Market AIM Share 0.35p* ▪ Ingle
Slide 5: Alba's Operations
ALBA’S OPERATIONS Channel sample, Amitsoq,Greenland Thule Black Sands,Greenland Argillaceous bioclastic limestone, Limerick, Ireland 4 4
Slide 6: UK Gold Assets: Projects in Dolgellau Gold Field
UK GOLD ASSETS: 3 PROJECTS IN DOLGELLAU GOLD FIELD Dolgellau Gold Clogau – St. David’s Gold Exploration Project Gwynfynydd Gold Mine Mine (DGEP) UK’s largest historic producer UK’s second largest historic 10 new gold targets identified of gold producer of gold over a 9km stretch of the Alba now has
Slide 7: Location of Alba's UK Gold Assets
LOCATION OF ALBA’S UK GOLD ASSETS Clogau-St David’s and Holyhead Port Gwynfynydd 1.5 hrs (with 3 situated in hr crossing to Dolgellau Gold Dublin) Belt in North Wales Close to major roads and 0.5 hrs to cities: Barmouth and Birmingham (2 Cardigan Bay hrs), Manchester (2.5 hrs), Cardiff (3 hrs), Lond
Slide 8: Geology of the Dolgellau Gold Field
GEOLOGY OF THE DOLGELLAU GOLD FIELD Geological setting for gold at Clogau-St David’s is a complex interplay between the carbonaceous Clogau Shales, shear zones and intrusive greenstones to form auriferous quartz veins Historically, gold found in exceptionally high- grade pockets within quartz veins
Slide 9: Gold Price: At an All-Time High
GOLD PRICE: AT AN ALL-TIME HIGH Aug 2020: Gold price hits record price of $2,000/oz Feb 2021: Gold price around $1,800/oz Dec 2017 (Gold price $1,279/oz): Alba acquires 49% of Clogau Aug 2018 (Gold price $1,190/oz): Alba moves to 90% control of Clogau Gold price when Clogau Mine shut in 1998: $300/o
Slide 10: Clogau: Snapshot
CLOGAU: SNAPSHOT Overview Under Alba’s ownership… ▪ UK’s largest historic gold producer (80,000 oz) ▪ Extensive Mine rehabilitation completed ▪ U/G drilling & bulk sampling completed ▪ Exclusive mineral exploration licence over ▪ Projected 550 m Main Lode extension 107 km² area covering most of DGF
Slide 11: Clogau: Extensive Underground Development
CLOGAU: EXTENSIVE UNDERGROUND DEVELOPMENT Underground workings (below) would cost millions to replicate today Existing workings provide ready access to all target zones Clogau-St David’s main reef vertical longitudinal projection from No. 1 shaft to No. 2/No. 5 shaft, across the Bryntirion fault and
Slide 12: Clogau: U/G Workings and Geological Model
CLOGAU: U/G WORKINGS AND GEOLOGICAL MODEL ▪ Clogau Mine has exploited an E-W trending and steeply dipping shear zone containing abundant visible gold ▪ Primary mineralisation found at contact with base of Clogau Shales ▪ The Bryntirion Fault bisects and offsets the Clogau and St David’s Mine areas ▪
Slide 13: Clogau: Extensive Mine Rehabilitation
CLOGAU: EXTENSIVE MINE REHABILITATION ▪ Extensive rehabilitation works completed in the Mine, including: ▪ New roof section (Lower Adit) ▪ 60 metre ladderway installed (Service Raise) ▪ 280 metre air pipeline rehabilitated 12 12
Slide 14: Clogau: Phase 1 Underground Drilling Programme
CLOGAU: PHASE 1 UNDERGROUND DRILLING PROGRAMME ▪ Phase 1 completed October 2020 ▪ 7 drillholes completed for 559.5m ▪ All drillholes intersected quartz veins, validating Alba’s geological model ▪ Drill core from L002 returned gold assays of 1.16 metres at 0.653 g/t, including 0.25 metres at 1.79 g/t
Slide 15: Clogau: Phase 1 Surface Drilling
CLOGAU: PHASE 1 SURFACE DRILLING ▪ Six drillholes completed so far for 724 m ▪ Significant quartz veins found in 4 out of 5 holes ▪ LL001 intersected 6.48 m of quartz veins, LL002 3.65 m and LL003 5.7 m ▪ Existing vein system now projected as extending 66 m below deepest previously worked zone 14
Slide 16: Clogau: Phase 1 Surface Drilling
CLOGAU: PHASE 1 SURFACE DRILLING ▪ Identification of 66 m wide projected lode structure below No 4 Level provides significant zone for follow- up exploration drilling & bulk sampling ▪ Objective will be to access zone from Llechfraith shaft, once dewatered ▪ Targeted exploration planned first by cha
Slide 17: Clogau 2021 Plans: Phase 2 Surface Drilling
CLOGAU 2021 PLANS: PHASE 2 SURFACE DRILLING ▪ 10-hole programme planned for ~2,000 m ▪ Objectives: ➢ Prove up 550m Main Lode extension indicated by Phase 1 underground drilling ➢ Intersect projected depth extensions of historically worked lodes, Grandfathers and 7-10 Lode 16
Slide 18: Clogau 2021 Plans: Phase 2 Bulk Sampling
CLOGAU 2021 PLANS: PHASE 2 BULK SAMPLING ▪ Clogau gold is irregularly disseminated, exploration therefore combines drilling and bulk sampling for representative grades ▪ Phase 1 underground bulk sampling programme completed Oct 2020 ▪ 36 tonnes of material collected from several target zones ▪ Proce
Slide 19: Clogau: Simple Processing
CLOGAU: SIMPLE PROCESSING ▪ 1.5 ton/hr pilot gold processing plant acquired and assembled on site ▪ Clogau gold highly amenable to gravity concentration ▪ Simple processing: crush then pass through gravity concentrator and shaking table ▪ Small sample put through 3rd party processing plant using sam
Slide 20: Clogau: Route to Commercialisation
CLOGAU: ROUTE TO COMMERCIALISATION Price Premium ▪ Clogau gold fetches significant premium over normal gold spot price Cachet ▪ Wedding rings for Royal Family traditionally made from Clogau gold Scarcity ▪ No current sources of production Markets ▪ Alba to be sole producer of Welsh gold and control
Slide 21: Clogau: Route to Production
CLOGAU: ROUTE TO PRODUCTION 0-12 Month Plan ▪ Phase 2 underground and surface drilling, targeting identified extensions to mine workings ▪ Phase 2 channel and bulk sampling ▪ Processing of bulk samples ▪ Dewatering and rehabilitation of Llechfraith Main Shaft for channel and bulk sampling ▪ Pitting
Slide 22: Dolgellau Gold Exploration Project (DGEP)
DOLGELLAU GOLD EXPLORATION PROJECT (DGEP) ▪ 12-month regional geochemical program ▪ Gold mineralisation found across ~9 km ▪ 10 new gold targets identified away from mine workings ▪ Strike length of largest new anomaly is 2km (4 times larger than Clogau) ▪ Surface trenching to be employed over new g
Slide 23: DGEP: Surface Trenching
DGEP: SURFACE TRENCHING ▪ Trenching involves removing soil cover to expose bedrock for sampling ▪ 1st trenching campaign of 8 trenches for ~600 m completed over single regional gold target ▪ Trenching validated Alba’s regional geological model, by uncovering several quartz veins ▪ Includes 2.1m wide
Slide 24: Gwynfynydd Gold Mine
GWYNFYNYDD GOLD MINE ▪ Exclusive six-year exploration licence over 20 km² area ▪ Commercial development started in 1887 ▪ Total production: 45,000 ounces (~1.3 tonnes) ▪ Historical mining grade: 15 grams per tonne ▪ Last production 1991-99: 10,000 tonnes of ore extracted annually from total resource
Slide 25: Gwynfynydd: Geology and Work Programme
GWYNFYNYDD: GEOLOGY AND WORK PROGRAMME ▪ Historical data capture: mine plans, underground sampling, BGS soil and stream sediment sampling ▪ Reinterpret BGS aeromag data and add to 3D geological model & generate gold targets ▪ Undertake focused stream sediment sampling & soil geochemistry programmes
Slide 26: Limerick Base Metals
LIMERICK BASE METALS 100% owned and located within major zinc-lead district ▪ Irish Ore Field: home to some of Europe’s largest zinc projects ▪ Tara (Boliden) ▪ Pallas Green (Glencore) ▪ Lisheen (Vedanta) ▪ Galmoy (Lundin) ▪ Alba’s Limerick Project is surrounded by active exploration companies Alba’
Slide 27: Limerick Drill Targets
LIMERICK DRILL TARGETS ▪ Coonagh Castle Fault one of main faults transecting Limerick Basin ▪ Determining trace of Coonagh- Castle fault to within tens of metres on surface crucial to success of future drilling ▪ Interpretation of Tellus and satellite (Sentinel) imagery for PL3824 will provide a str
Slide 28: Contact Details
CONTACT DETAILS Alba Mineral Resources plc Tel: +44 (0) 20 3950 0725 Email: info@albamineralresources.com Web: www.albamineralresources.com : @AlbaMinerals 27
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