REG - Alba Mineral Resrcs. - Clogau Operational Update

Alba Mineral ResourcesAnnouncement

12/02/2026 12:00

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RNS Number : 8094S  Alba Mineral Resources PLC  12 February 2026

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

12 February 2026

Alba Mineral Resources Plc

("Alba" or the "Company") 

 

Clogau Operational Update

Alba Mineral Resources plc (AIM: ALBA), the gold and critical raw materials
focused exploration and development company, is pleased to confirm the current
state of progress following the resumption of drilling and blasting operations
at the Llechfraith Target, Alba's priority gold target at the Clogau-St
David's Gold Mine, Wales ("Clogau" or the "Mine").

A total of six blasts have been successfully completed in the current phase of
operations, advancing a total of 8.1 metres. The total tonnage of blast
material produced for sorting and processing to date is estimated at around 90
tonnes.

Following the most recent blast, there has been a pause in operations while
roof support measures are implemented. Mucking out of the most recent blast
will resume thereafter, expected to be in the next 24-48 hours.

Processing to date has involved taking samples from each of blasts 1-5 and
processing them (a total of 5 tonnes) via crusher/impact crusher and
centrifugal concentrator, to produce 83 kg of wet concentrate. This has been
passed over the Wilfley table to yield 13 kg of wet, clean concentrate. This
has been further cleaned to remove magnetite content, yielding 4 kg of wet
final concentrate, and then dried to yield 3.360 kg of dry final concentrate.

 

 

 

 

 

 

 

 

 

 

Figure 1: Level 5 development post blast 6 and before mucking out of blast
material

Current processing work involves taking samples from the most recent blast 6
to produce a bulk concentrate, which will be further refined as above.  No
comment can be made at this time about the gold content of the concentrate
produced to date nor of the overall gold grade of the bulk sample produced to
date. This will be assessed and reported once a representative volume of the
total bulk sample has been processed and sent for assaying and/or refining.

Work continues to improve the throughput rates in the pilot processing plant,
including by augmenting the level of water supply to the plant. A further
update on expected processing timescales will be provided once these measures
have been implemented.

Company Comment

George Frangeskides, Alba's Executive Chairman, commented:

"We are very pleased with the roll-out of the drilling and blasting programme
to date. This represents the most significant development to take place at the
Clogau-St David's Gold Mine in decades. Having completed eight metres of
development, we are on track to reach our objective of completing around 20
metres of development by Easter.

"Given the limited capacity of the onsite pilot plant, which is largely
constrained by the available space at the mine site, as expected processing
rates have not been able to keep up with the significant volumes of material
being extracted from underground. However, we continue to work on solutions to
increase throughput rates at the plant."

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market, financial and business conditions, competition
for and availability of qualified staff and contractors, regulatory processes
and actions, technical issues, new legislation, uncertainties resulting from
potential delays or changes in plans, uncertainties resulting from working in
a new political jurisdiction, uncertainties regarding the results of
exploration, uncertainties regarding the timing and granting of prospecting
rights, uncertainties regarding the timing and granting of regulatory and
other third party consents and approvals, uncertainties regarding the
Company's or any third party's ability to finance, execute and implement
future plans and programmes, and the occurrence of unexpected events. Actual
results achieved may vary from the information provided herein as a result of
numerous known and unknown risks and uncertainties and other factors.

**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/r8gNLe
(https://albamineralresources.com/link/r8gNLe)

 

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).

 Alba Mineral Resources plc                 +44 20 3950 0725

 George Frangeskides, Executive Chairman
 SPARK Advisory Partners Limited (Nomad)    +44 20 3368 3555

 Andrew Emmott
 CMC Markets plc (Broker)                   +44 20 3003 8632

 Thomas Smith / Douglas Crippen

 

 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
   Motzfeldt Critical Metals Project                  Greenland  25.5%
 GreenRoc Strategic Materials Plc (graphite - anode)  Greenland  25.34%
 Horse Hill (oil)                                     England    11.765%
 Earn-in Projects                                     Location   Earn-in Rights
 Finnsbo (rare earths, copper, gold)                  Sweden     Up to 100%

 

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