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LONDON - Alba Mineral Resources Plc (AIM:ALBA) announced Thursday that the next phase of underground blasting at its Clogau-St David’s Gold Mine in north Wales is scheduled to commence in late July 2025, according to a company press release.
The delay is attributed to the availability of Alba’s principal blasting contractor. The company is currently making detailed preparations for the blasting program at the Llechfraith Target (NYSE:TGT), implementing modifications to achieve greater penetration and faster progression through the blasting sequences.
Alba continues to process the remaining ore stockpile at the mine, with approximately 4 kg of concentrate currently at or in transit to the company’s refiner.
Additionally, Alba plans to produce a limited series of 18 carat gold pendants using gold extracted from the mine. The company has registered "GMW" as a maker’s mark at the London Assay Office and intends to offer these pendants for sale at a set price, with verified Alba shareholders receiving priority access before wider release.
Alba Mineral Resources fully owns the Clogau-St David’s Gold Mine, which is part of its portfolio of mining assets that also includes other gold exploration projects in Wales and investments in graphite and oil operations.
The information is based on a press release statement issued by Alba Mineral Resources.
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