Alba’s wholly-owned Thule Black Sands (TBS) Project is a heavy mineral sands project located on the Steensby Land peninsular in north-west Greenland.
The Geological Survey of Denmark and Greenland, GEUS, has estimated that 10 billion tonnes of ilmenite exist in the original rock within the entire Thule region, with a further 7 billion tonnes of ilmenite present in the form of placer ilmenite.
An extensive surface drilling campaign by Alba has led to the declaration of a maiden Mineral Resource for Thule Black Sands.
The UK’s largest historic producer of gold, part of a wider gold project covering the length and breadth of the dolgellau gold belt in Wales and comprising several newly discovered gold targets.
Alba owns a 90% interest in an exclusive exploration licence over the Dolgellau Gold Belt in north Wales, covering a total area of 107 km² and over 300 known gold occurrences. The Project includes the historic Clogau-St David’s gold mine, which produced at least 80,000 ounces of gold, making it the UK’s largest ever gold producer. The mine closed in 1998, when the gold price was only $300 per ounce, compared to its present price close to $2000 per ounce.
The Gwynfynydd Gold Mine has historically produced around 45,000 ounces of gold at a mining grade of 15 grams/tonne. Commercial operations at Gwynfynydd ceased in 1999 when the gold price was only around US$300 per ounce.
The Melville Bay Iron Project is located in north-west Greenland within 200 km of seasonally ice-free coastline some 1,500 km north of Nuuk and 130 km south of the nearest major settlement of Qaanaaq.
The Project hosts haematite and magnetite styles of mineralisation across numerous targets. The significant body of work completed to date, including extensive resource drilling and metallurgical test work, has confirmed the presence of significant iron ore deposits at Melville Bay and the ability to produce a saleable high-grade, low-impurity iron ore concentrate.
The Amitsoq Graphite Project is located in the Nanortalik region of southern Greenland, within Alba’s wholly-owned Mineral Exploration Licence (“MEL”) 2013/06. In successive field seasons at Amitsoq, Alba has confirmed the presence of two high-grade flake graphite deposits on Amitsoq Island and at the new Kalaaq mainland discovery. With average grades of 28.7 and 25.6% TGC content respectively, Amitsoq is one of the highest-graded graphite projects in the world.
Alba owns an effective interest of 11.765% in the two licences, PEDL137 and PEDL 246, which comprise the Horse Hill Oil Project, located in the Weald Basin in southern England.
The operator of the licences, Horse Hill Developments Limited (HHDL), drilled the Horse Hill-1 (HH-1) oil discovery well in 2014. The well discovered oil in the Portland Sandstone, as well as in deeper formations including the Kimmeridge Clay. The well penetrated and flow tested a significant new oil play in the Kimmeridge Limestone section. A further well, Horse Hill-2/2z (HH-2/2z) was drilled in 2019 as a horizontal well into the Kimmeridge section.