11th Feb 2021 13:36
Alba Mineral Resources PLC - mineral exploration and development company with assets in Greenland and the UK - Secures extension of licence for Clogau-St David Gold Mine in North Wales for a further four years until February 9, 2025. The licence covering the 107 kilometre square area was first awarded in February 2015. Alba notes when subsidiary GMOW (Operations) Ltd is ready to proceed to commercial production, it will apply to convert the exploration licence into a formal, long-term lease.
"We are delighted to have secured the maximum possible extension to our exclusive exploration licence over the Clogau-St David's gold mine. We can now continue our progress towards reopening the mine, secure in the knowledge that our rights are protected into the future," says Alba Mineral Chair George Frangeskides.
Current stock price: 0.36 pence
Year-to-date change: down 35%
By Ife Taiwo; [email protected]
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