RCS - Alba Mineral Resrcs. - Commencement of Second Gold Coin Auction

Alba Mineral ResourcesAnnouncement

14/04/2025 10:15

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RNS Number : 8948E  Alba Mineral Resources PLC  14 April 2025

Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining

14 April 2025

Alba Mineral Resources Plc

("Alba" or the "Company") 

Clogau Update

Commencement of Second Gold Coin Auction

Alba Mineral Resources Plc (AIM: ALBA) is pleased to confirm that, following
the successful sale of the first of its limited edition 1oz Welsh gold coins,
the second coin auction has now commenced.

Alba has minted just three exclusive 24-carat, 1-ounce "Tyn-y-Cornel" gold
coins, each of which has been made entirely from gold extracted by the Company
from the Clogau-St David's Gold Mine in Wales ("Clogau" or the "Mine"). The
auction for the first of these coins closed on 3 April 2025 with the hammer
price reaching £20,000, a premium of almost 8.5 times the then spot (or
market) price of gold.

 

The auction will close this Wednesday, 16 April, at 5pm BST, unless the
"buy-it now" price is met before that time. Collectors and investors are
invited to register for the auction at https://alba.irostrum.auction/
(https://alba.irostrum.auction/) .

 

Figure 1: The front of the coin features a striking Welsh dragon atop Cadair
Idris, one of Snowdonia's (Eryri's) most famous mountains. Background:
specimen of quartz containing visible gold from Clogau-St David's (not
included in the auction lot).

Figure 2: The reverse of the coin pays homage to the Mine's golden era with an
image inspired by historic photographs of miners outside the Tyn-y-Cornel
adit.  Background: specimen of quartz containing visible gold from Clogau-St
David's (not included in the auction lot).

 

The coin will be presented in a presentation case and accompanied by a
numbered certificate of authenticity.

George Frangeskides, Executive Chairman, commented:

"We are delighted to announce the commencement of the second public auction of
our beautifully designed and crafted limited edition 1-ounce pure Welsh gold
coins. This is the first gold production to come out of the historic Clogau-St
David's Gold Mine in more than 25 years. The first coin fetched an impressive
price at auction, testament to the enduring and exceptional appeal of gold
derived from the Clogau Gold Mine. We look forward to following the progress
of bidding until the hammer falls this Wednesday evening."

 

**ENDS**

Engage with Alba by asking questions, watching video summaries and reading
what other shareholders have to say. Navigate to our interactive Investor Hub
here:

https://albamineralresources.com/link/oPBWly
(https://albamineralresources.com/link/oPBWly)

 

For further information, please visit the Alba Mineral Resources plc investor
website (www.albamineralresources.com (http://www.albamineralresources.com) )
and sign up to receive news and engage with the Alba management team.
Subscribe to our news alert service
(https://alba-l.investorhub.com/auth/signup
(https://alba-l.investorhub.com/auth/signup) ) and visit @AlbaMinerals on X
(formerly Twitter).

 

 Contact Details
 Alba Mineral Resources plc, George Frangeskides, Executive Chairman  Tel: +44 20 3950 0725

                                                                      Gaby@gingerbreadagency.com (mailto:Gaby@gingerbreadagency.com)  / Tel: +44

                                                                    7808 472 139
 The GingerBread Agency, press enquiries

                                                                      Madelaine@gingerbreadagency.com (mailto:Madelaine@gingerbreadagency.com)

 

 

 Alba's Projects & Investments

 Projects Operated by Alba                            Location   Ownership
 Clogau (gold)                                        Wales      100%
 Dolgellau Gold Exploration (gold)                    Wales      100%
 Gwynfynydd (gold)                                    Wales      100%
 Investments Held by Alba                             Location   Ownership
 GreenRoc Strategic Materials Plc (graphite - anode)  Greenland  28.14%
 Horse Hill (oil)                                     England    11.765%
 Earn-in Projects                                     Location   Earn-in Rights
   Finnsbo (rare earths, copper, gold)                Sweden     Up to 100%
 Optioned Projects                                    Location   Further details
   Norrby (gold, other metals)                        Sweden     RNS 6/11/24
   Glava (copper, gold)                               Sweden     RNS 6/11/24

 

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