Alba Mineral Resources Achieves Premium Gold Coin Sales and Enhanced Processing Results

Alba Mineral Resources ( (GB:ALBA) ) has provided an announcement.

Alba Mineral Resources has announced the private sale of the second and third coins in its limited edition ‘Tyn-y-Cornel’ series, made from Welsh gold mined at the Clogau-St David’s Gold Mine, for £21,000 each. This sale price represents a significant premium over the current gold spot price, underscoring the commercial potential of the mine. Additionally, recent modifications to Alba’s gravity recovery plant have led to improved gold recovery from the Waste Tip at the Clogau site, with average head grades increasing to 9.2 g/t. These developments are expected to positively impact the economics of future processing operations at the site.

More about Alba Mineral Resources

Alba Mineral Resources Plc is a mining company focused on the exploration and development of gold and critical minerals. The company operates primarily in Wales, with projects including the Clogau Gold Project, Dolgellau Gold Exploration, and Gwynfynydd, all of which are 100% owned by Alba. Additionally, Alba holds investments in GreenRoc Strategic Materials Plc in Greenland and Horse Hill oil project in England.

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Technical Sentiment Signal: Buy

Current Market Cap: £3.3M

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