Alba Mineral Resources appoints Mark Austin as COO

Francesca Morgan
RNS Newswire
10:57, 28th October 2020

Alba Mineral Resources (AIM: ALBA FOLLOW) announced that the group’s Senior Geologist, Mark Austin, has agreed to take up a full-time position with Alba as its Chief Operating Officer.  

Mr Austin, who has significant management and operational experience with a range of commodities with a particular focus on gold, will be responsible for Alba’s day-to-day operations across all the Company's mining projects in north Wales, Greenland and Ireland.  

Prior to establishing his own mining consultancy firm, Austin was a Non-Executive Director at Johannesburg-listed mining company, Central Rand Gold, a Group Geologist for gold recovery services company, Goldplat, as well as CEO of its subsidiary Kilimapesa Gold. 

In addition, he wasVice President-Exploration for exploration group, Mano River Resources and a Senior Exploration Geologist for the gold mining company Placer Dome Exploration. 

Executive Chairman , George Frangeskides, said Mark's appointment “significantly deepens” Alba’s management team and is a demonstration of the company’s determination. 

He told investors that Mark had been “instrumental” in swift progress made at Clogau Gold Mine in Wales over the past months which where activity has recently resumed. 

He added, “He comes with a huge amount of experience working for major mining companies, including hands-on experience in managing all aspects of the development of a gold mine in Africa from exploration through to the building of a processing plant and the ultimate export and sale of gold bars."  

Shares in Alba Mineral Resources have skyrocketed over 500% in value since August 2020, to open a further 5.06% higher at 0.46p following this morning’s statement. 

ALBA price chart

3 Reasons to Follow ALBA 

Alba is a well-diversified mineral exploration and development company which owns and operates mining projects in Greenland, Wales and Ireland. 

Alba has said that its strategy is to identify and secure undervalued assets with a diversified commodity mix, often with previous production history and where there is serious potential for discovering further unexploited resources alongside the existing mine site.  

Despite losing field time to COVID-19, Alba said it is in a position to execute one of the most significant underground work programmes seen for several decades at its Clogau gold mine in Wales, just as the commodity is reaching all-time highs in value. 

More on Alba Mineral Resources. 

In recent weeks, Alba has resumed its underground exploration programme at the Clogau-St David's Gold Mine in Wales where it had already drilled four holes for a total depth of 252m. 

Last week, the company reported ‘excellent progress’ in its campaign since it recommenced activity at the site, with a 121m drill hole completed and a large bulk sample collected at the Jack Williams stope, taken from material left behind during previous periods of mining. 

The programme is scheduled to continue until the end of October, after which it will move into the formal assaying of all the drilled and sampled material, the start of its first phase of regional surface trenching programme and preparations for the surface drilling campaign. 

Alba does not expect the campaign at Clogau to be affected by Welsh Government coronavirus restrictions which were implemented from 23 October to 9 November 2020. 

Other ‘significant’ progress has also been made in recent years towards Alba’s ultimate goal of achieving commercial production at one or more of its sites, including at the Thule Black Sands in Greenland, the Amitsoq project in Greenland and the Horse Hill well in Surrey.

Alba said the mining projects remain on ‘a sound footing’, with JORC resources at both Thule Black Sands and Melville Bay, and plans to drill a maiden JORC resource at Amitsoq in 2021. 

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