TIDMALBA
RNS Number : 8781Q
Alba Mineral Resources PLC
01 November 2021
Alba Mineral Resources plc
("Alba" or the "Company")
Clogau-St David's Gold Mine, North Wales
Update on Water Discharge Permit
Alba Mineral Resources plc (AIM: ALBA) provides this update on
its ongoing work activities at the Clogau-St David's Gold Mine
("Clogau" or the "Mine") in North Wales in relation to its
permitting application in relation to the proposed dewatering of
the Llechfraith Shaft.
Details
Natural Resources Wales ("NRW") has given notice of its refusal
of the Company's application requesting the grant of an
environmental permit for a water discharge activity to allow
treated mine water from the Llechfraith Shaft to discharge to the
Afon Cwm-llechen (River Cwm-Llechen).
The decision to refuse the permit application is stated to be
based on NRW's assessment of the potential environmental impact on
the European Protected Species ("EPS")/Special Area of Conservation
("SAC") features of lesser horseshoe bat and otter as, in the
opinion of NRW, it has not been demonstrated that the proposed
discharge would not have an 'Adverse Effect' on lesser horseshoe
bats and otter using the former Clogau adit/mine workings.
Importantly, the NRW's decision notice did, however, include
confirmation that the information provided by the Company was
sufficient to show that the water discharge itself would 'not have
an adverse effect' on the estuary and integrity of Pen Llyn A'r
Sarnau / Lleyn Peninsula and The Sarnau marine SAC, Cardigan Bay
and Cardigan Bay/ Bae Ceredigion SAC and West Wales Marine /
Gorllewin Cymru Forol SAC.
A related application for an EPS Licence has also been refused.
The Company has not been notified yet of the outcome of its
application for an abstraction licence in connection with the
dewatering scheme, however, given the refusal of the discharge
permit, it is expected that the abstraction licence will also not
be granted.
The Company is disappointed by this outcome and considers that
the scheme it has presented presents no adverse impact upon the
environment including protected species. The Company and its
environmental and ecological consultants will be considering the
reasons given by NRW in greater detail in the coming days and
considering the grounds to appeal the decision. Further information
will be provided as and when it becomes available.
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
ENDS
For further information, please visit
www.albamineralresources.com or contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 3950 0725
SPARK Advisory Partners Limited (Nomad)
Andrew Emmott +44 20 3368 3555
ETX Capital (Broker)
Thomas Smith +44 20 7392 1494
St Brides Partners (Financial PR)
Isabel de Salis / Catherine Leftley alba@stbridespartners.co.uk
Forward Looking Statements
This announcement contains forward-looking statements relating
to expected or anticipated future events and anticipated results
that are forward-looking in nature and, as a result, are subject to
certain risks and uncertainties, such as general economic, market
and business conditions, competition for qualified staff, the
regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political
jurisdiction, uncertainties regarding the results of exploration,
uncertainties regarding the timing and granting of prospecting
rights, uncertainties regarding the timing and granting of
regulatory and other third party consents and approvals,
uncertainties regarding the Company's or any third party's ability
to execute and implement future plans, and the occurrence of
unexpected events.
Without prejudice to the generality of the foregoing,
uncertainties also exist in connection with the ongoing Coronavirus
(COVID-19) pandemic which may result in further lockdown measures
and restrictions being imposed by Governments and other competent
regulatory bodies and agencies from time to time in response to the
pandemic, which measures and restrictions may prevent or inhibit
the Company from executing its work activities according to the
timelines set out in this announcement or indeed from executing its
work activities at all. The Coronavirus (COVID-19) pandemic may
also affect the Company's ability to execute its work activities
due to personnel and contractors testing positive for COVID-19 or
otherwise being required to self-isolate from time to time.
Actual results achieved may vary from the information provided
herein as a result of numerous known and unknown risks and
uncertainties and other factors.
All activities and timelines in this announcement are subject to
the timely receipt of regulatory and other third-party consents and
to the timely availability of contractors, plant and equipment.
Alba's Projects and Investments
Mining Projects Operated Location Ownership
by Alba
Clogau (gold) Wales 90%
----------- ----------
Dolgellau Gold Exploration
(gold) Wales 90-100%
----------- ----------
Gwynfynydd (gold) Wales 100%
----------- ----------
Limerick (zinc-lead) Ireland 100%
----------- ----------
Investments Held by Alba Location Ownership
----------- ----------
GreenRoc Mining Plc (mining) Greenland 54%
----------- ----------
Horse Hill (oil) England 11.765%
----------- ----------
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END
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November 01, 2021 04:34 ET (08:34 GMT)
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