Slide 1: Thule Black Sands, North-West Greenland
THULE BLACK SANDS NORTH-WEST GREENLAND November 2017 1
Slide 2: Disclaimer
Disclaimer This presentation is being made on behalf of Alba Mineral Resources Plc (the “Company”). This presentation has not been approved for issue as a financial promotion for the purposes of section 21 of the Financial Services and Markets Act (2000) (“FSMA”). This presentation, and the informat
Slide 3: Alba Minerals Overview
Alba Minerals Overview Exchange: AIM (LSE) Symbol: ALBA Date of Listing: 4 April 2005 Current Price (mid-point): 0.44p (20/11/2017) Market Capitalisation: GBP9.4m (20/11/2017) Management: George Frangeskides (Executive Chairman) Michael Nott (Non-Executive Director) Manuel Lamboley (Non-Executive Di
Slide 4: Highlights
Location Highlights • Thule Project located in north-west Greenland. • Licence granted in August 2017. Bulk Sample #2 • Extensive auger sampling and aerial photography completed in September 2017. • Ilmenite-rich active beaches and raised beaches identified over 22 km of coastline and sampled over 8
Slide 5: Licence / Local Geology
Licence / Local Geology • xx Exploration Licence 2017/29 (384 km²) and 2017/39 (158 km²) Sills and Dykes within the Dundas formation act as the ilmenite source rocks 5
Slide 6: Location / Infrastructure
Location / Infrastructure Alba’s north-west Greenland project Qaanaaq – Population >600 portfolio - well connected by local infrastructure Alba licence location map Qaanaaq Airport Thule Airbase 6
Slide 7: Introduction to Thule
Introduction to Thule • Exploration Licence 2017/29 (384 km²) and 2017/39 (158 km²) • 100% ownership • Extensive active and raised beach terraces mapped historically by GEUS • Focus historically on hard rock ilmenite potential (estimate of 10 billion tonnes by GEUS) • Adjacent to Bluejay Mining Plc,
Slide 8: Ilmenite Fact Sheet
Ilmenite Fact Sheet • Ilmenite (FeTiO3) is an iron titanium dioxide • Specific Gravity of 4.7 to 4.79 • Weakly magnetic • Titanium dioxide (TiO2) is the principal feedstock for pigment production used for the manufacture of paints, coatings and plastics, as well as in a range of other applications i
Slide 9: Field Programme – September 2017
Field Programme – September 2017 Location 22 km of active / raised beach coastline 9
Slide 10: Field Programme – September 2017
Field Programme – September 2017 Location Helicopter Assisted Auger Sampling Programme Undertaken • xx Raised Beach Extensive Raised Beaches Active / Raised Beaches Raised Beach Active Beach 10
Slide 11: Field Programme – September 2017
Field Programme – September 2017 Location Prominent Helicopter Assisted raisedProgramme Auger Sampling beachesUndertaken • xx 8.5km Sample Locations 11
Slide 12: Heavy Liquid Separation
Location Heavy Liquid Separation Raw Sample Floats / Lights Heavies > 2.9g/cm3 Sample #25 69.8% THM 12
Slide 13: SGS Assay Results
Location SGS Assay Results Product Weighted Average % +2mm 20.4 -2mm Sink 46.7 -2 mm Float 30.7 -53 microns 2.2 %THM 46.7 Composite THM Ilmenite In-situ ID % % of THM Ilmenite % 1 34.2 16.6 5.7 2 54.0 24.3 13.1 3 43.7 20.2 8.8 4 42.8 18.7 8.0 5 48.7 15.7 7.6 6 51.3 29.0 14.9 7 48.9 19.5 9.5 Weighted
Slide 14: North-West Target
Location North-West Target Composite 2 THM = 54% average In situ Ilmenite = 13.1% average 9km Active and raised beaches showing approximate sample locations 14
Slide 15: North-West Target
Location North-West Target Aerial flyover shows extensive active deposition and raised beaches 15
Slide 16: North-West Target
Location North-West Target Extensive active and raised beaches 16
Slide 17: Multiple Calm Sheltered Bays
Multiple Calm Sheltered Bays Location Sheltered bays identified that could provide suitable infrastructure locations 17
Slide 18: Continuing Work Programme - 2017
Continuing Work Programme - 2017 • Ilmenite Quality testwork in progress. • Aerial photography being compiled by GEUS to generate digital terrain model and georeferenced orthophoto. • Bulk sample testwork being planned – two bulk samples collected during the field campaign. • Mineral Resource Estima
Slide 19: Summary
Summary Thule Black Sands • Mineral Sands province identified • Ilmenite bearing sands identified over a 22km stretch of coastline • Mineralisation at surface (unknown depth) making exploration easy • Very high grade THM (46.7%) and in situ ilmenite content (10%) • Consistent mineralogy across Steen
Slide 20: Alba Portfolio
Alba Portfolio Oil & Gas • Horse Hill (Oil & Gas, UK): 15 per cent interest in Horse Hill Developments Limited, the company which has a 65 per cent participating interest and operatorship of the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246) in the UK Weald Basin. • Brockham (Oil &
Slide 21: Contact Us
Contact Us George Frangeskides, Executive Chairman Howard Baker, Technical Director Alba Mineral Resources plc 6th Floor, 60 Gracechurch St, London EC3V 0HR, UK Tel: +44 (0)207 264 4366 Email: info@albamineralresources.com Twitter: @AlbaMinerals Vox Markets: https://www.voxmarkets.co.uk/company/ALBA