Limerick Licence Update

RNS Number : 1082J

Alba Mineral Resources PLC

09 June 2014

 



9 June 2014

Alba Mineral Resources plc

("Alba" or "the Company")

Limerick Licence Update

Alba Mineral Resources plc (AIM: ALBA), the UK based exploration company, announces that Teck Ireland Ltd has given notice of withdrawal from the joint venture agreement ("JV") on the Company's Limerick licence.

The JV was announced on 7 December 2011 and the results of the work carried out under the JV were reported in the 2012 financial statements released on 26 April 2013.

Renewal of Limerick Licence

The Company believes there is merit in retaining the licence even though the JV has been dissolved, and an application is being made to the relevant Irish authorities to renew the licence for a further two year period.

Total Voting Rights

The total number of ordinary shares in issue is 331,624,352. The Company does not hold any ordinary shares in treasury.  Therefore, the total number of ordinary shares with voting rights is 331,624,352.  This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Alba Mineral Resources Plc	020 7907 9328
Michael Nott, CEO	07720715519
Northland Capital Partners Limited (Nominated Adviser and Broker)	020 7382 1100
Matthew Johnson / Gavin Burnell

Notes to Editors:

Alba holds interests in Mauritania (uranium: joint venture with FOSSE Investments Limited) and Ireland (base metals).  The projects are at different stages of development.  The Mauritania uranium project comprises early phase exploration targets, whereas drilling has been undertaken on the Irish base metals project.  Alba continues actively to review and discuss other project opportunities, which have value enhancing potential for the Company whether by acquisition, farm in or joint venture in a range of jurisdictions around the world.

 

END

 

 

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