Alba Mineral Resources plc (AIM: ALBA) announces that it has released an updated corporate presentation.
A copy of the presentation can be downloaded from the Company’s website at www.albamineralresources.com, or by using the following link:
First Equity Limited issued a ‘Buy’ recommendation research note on AIM-listed Alba Mineral Resources Plc. We take a further look to see why First Equity has put on such a high price target.
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Market Cap: £8.4m
Price Target: 6.0p
“Alba has made significant progress over its project portfolio in the last 6 months. The most notable achievement is the advancement of its ilmenite project at Thule Black Sands (TBS) in Greenland. The licence was granted to Alba only last August and the Company is now remarkably aiming to define a maiden JORC resource in …”
- Maiden JORC ilmenite resource and exploration target at TBS being worked on in the near term.
- Feasibility Study results in Q1 2018 on Bluejay’s project should read across directly into TBS.
- Extended flow tests at Horse Hill anticipated to commence Q1/Q2 2018 to demonstrate commerciality of Kimmeridge and Portland pay-zones.
- Oil production expected to get underway at Brockham in Q1 2018.
- Exploration results from new Clogau gold project in Wales.
Click HERE to view the full research note in pdf format.
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