REG - Alba Mineral Resrcs. - Successful Auction Sale of 1oz Gold Coin

Alba Mineral ResourcesAnnouncement

04/04/2025 11:00

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RNS Number : 7303D  Alba Mineral Resources PLC  04 April 2025

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

4 April 2025

Alba Mineral Resources Plc

("Alba" or the "Company") 

Clogau Update

Successful Auction Sale of 1oz Gold Coin

 

Alba Mineral Resources plc (AIM: ALBA), the gold and critical minerals
exploration and development company, is pleased to announce the successful
auction of its exclusive 1oz gold coin, which fetched an impressive £20,000
at auction yesterday.

Struck from Welsh gold mined at the Company's historic Clogau-St David's Gold
Mine in North Wales ("Clogau" or the "Mine"), the coin represents not only the
first gold sale from Alba's stewardship of the Mine but also the enduring
appeal and rarity of Welsh gold. The price fetched by the sale represents a
premium of almost 8.5 times the spot price of gold, which currently stands at
around £2,370 per ounce.

George Frangeskides, Executive Chairman of Alba, commented:

"We are absolutely delighted with the result of yesterday's auction. The
strong sale price achieved for this unique and beautifully crafted 1oz,
24-carat coin reflects the heritage and prestige of Welsh gold. It is also a
validation of our strong belief in the commercial potential of the Clogau-St
David's Gold Mine, and of gold exploration and development across the North
Wales Dolgellau Gold Belt generally.

"This successful sale marks the achievement of an exciting milestone as we
continue to advance our development work at Clogau."

Figure 1: The Company has minted three limited edition, "Tyn-y-Cornel" series,
1oz, 24-carat Welsh gold coins, made solely from gold mined from the Clogau-St
David's Gold Mine, with the first coin sold at auction yesterday for £20,000.

 

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/XyOXve

 

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                 +44 20 3950 0725

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

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

 Thomas Smith / Douglas Crippen
                                            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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