TIDMALBA
RNS Number : 3937U
Alba Mineral Resources PLC
24 October 2017
Alba Mineral Resources plc
("Alba" or the "Company")
Alba Appoints Technical Director
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce
the appointment of Howard Baker as the Company's Technical Director
with immediate effect. Although not a Board appointment, Mr Baker
will have technical oversight of the exploration and development of
all of Alba's projects, reporting directly to the Board.
Howard Baker is a resource geologist with over 20 years'
experience covering multiple commodities from early stage
exploration through to definitive feasibility studies. Mr Baker is
the Managing Director of Baker Geological Services Ltd, which
provides technical expertise to the exploration and mining
industry.
Mr Baker previously worked for the international mining
consultancy, SRK Consulting (UK) Ltd ("SRK"), where he was employed
for eight years as a Principal Consultant and Practice Leader. In
his time at SRK, he played a key role in advising on drill
programmes and in the development of numerous large scale projects.
Prior to his time at SRK, Mr Baker worked for Rio Tinto, BHP
Billiton, Iluka Resources, Western Mining Corporation and Anaconda
Nickel. He is a Chartered professional fellow of the Australasian
Institute of Mining and Metallurgy.
Mr Baker has significant mineral sands experience having
previously worked for Iluka Resources, the largest producer of
zircon and titanium dioxide-derived rutile and synthetic rutile
globally. In addition, while Principal Consultant at SRK, he was
the Competent Person responsible for the Mineral Resource Estimate
at the Melville Bay Iron Ore Project, which is now part of Alba's
portfolio of mining projects.
George Frangeskides, Execution Chairman, commented: "I have
known Howard for many years and am delighted that he has joined our
team at Alba. Howard led the recent maiden field programme at our
new Thule Black Sands Project in Greenland. His background and
experience, not least in mineral sands with the premier producer
Iluka Resources, is extremely relevant to Alba. When at SRK, he
also signed off on the JORC resource at our recently acquired
Melville Bay Iron Ore Project."
"Howard comes from a blue chip professional background and I am
delighted that he sees the potential within Alba's projects and has
agreed to join us as we look to build serious value in those
projects."
Howard Baker commented: "I am delighted to be joining the Alba
team and I am particularly excited about helping to advance the
Thule Black Sands and Amitsoq Graphite projects in Greenland. Since
my time working for the Iluka Resources and SRK Consulting, I have
been looking for the right opportunity to utilise my position as a
recognised Competent Person in the mineral sands industry. The
field programme I recently led at Alba's Thule Black Sands project
confirmed the existence of a significant mineral sands province
where ilmenite accumulations are now being explored by Alba, as
well as by Bluejay Mining plc in a neighbouring licence. Samples
collected during that field campaign are currently being tested and
we look forward to updating shareholders in due course and planning
the next field season where our objective will be to make rapid
progress in developing the Project."
"The Amitsoq Graphite Project in southern Greenland has also
progressed significantly as a result of this summer's field
programme and it now appears evident that the potential is far
greater than originally envisioned. Both Thule and Amitsoq pave the
way for an exciting 2018 and beyond and I am looking forward to
working with the Chairman and the rest of the Alba team to advance
these projects for the benefit of Alba's shareholders."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Alba Mineral Resources plc
George Frangeskides (Executive Chairman) Tel: +44 20 7264 4366
Cairn Financial Advisers LLP (Nomad)
James Caithie/Liam Murray Tel: +44 20 7213 0880
Dowgate Capital Stockbrokers Ltd (Broker)
Neil Badger Tel: +44 1293 517744
Alba's Project Portfolio
Oil & Gas
Horse Hill (Oil & Gas, UK): Alba holds a 15 per cent
interest, and has conditionally agreed to acquire a further 3.1 per
cent interest, in Horse Hill Developments Limited, the company
which has a 65 per cent participating interest and operatorship of
the Horse Hill oil and gas project (licences PEDL 137 and PEDL 246)
in the UK Weald Basin.
Brockham (Oil & Gas, UK): Alba has a direct 5% interest in
Production Licence 235, which comprises the previously producing
onshore Brockham Oil Field.
Mining
Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest
in the Amitsoq Graphite Project in Southern Greenland and has an
option over the remaining 10 per cent.
Black Sands (Ilmenite, Greenland): Alba owns 100 per cent of
mineral exploration licences 2017/29 and 2017/39 in the Thule
region, north-west Greenland.
Melville Bay (Iron Ore, Greenland): Alba is entitled to a 51 per
cent interest in mineral exploration licence 2017/41 in Melville
Bay, north-west Greenland. The licence area benefits from an
existing inferred JORC resource of 67 Mt @ 31.4% Fe.
Inglefield Land (Copper, Cobalt, Gold): Alba owns 100 per cent
of mineral exploration licence 2017/40 in north-west Greenland.
Limerick (Base Metals, Ireland): Alba has 100 per cent of the
Limerick base metal project in the Republic of Ireland.
El Mreiti (Uranium, Mauritania): Alba has applied for the
reissue of a uranium permit in northern Mauritania, centred on
known uranium-bearing showings.
Alba continues actively to review numerous other project
opportunities which have value-enhancing potential for the Company
whether by bolt-on or stand-alone acquisition, farm in or joint
venture.
Web: www.albamineralresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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