Alba Mineral Resources - Northern Europe-focused mineral explorer - Gives update on the dewatering and associated safety and access works at its primary target within the Clogau-St David’s gold mine in north Wales. Notes that its request for temporary extension to higher rate abstraction to take account of exceptionally heavy rains in July and August was refused by Natural Resources Wales, an environmental regulator. Meanwhile, Alba Mineral starts emergency abstraction to protect safety and access works that were completed on levels 2 and 3 prior to workings reflooding. Further, due to delays in approval for its drone from the civil aviation authority, pushes back the proposed airborne geophysical survey over some of its gold deposits to October.

Current stock price: 0.089 pence, closed 8.9% lower on Monday in London

12-month change: down 45%

Copyright 2023 Alliance News Ltd. All Rights Reserved.