Alba Min Res PLC (LON:ALBA) Appoints Graphite Experts for Battery Testwork

Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, i s pleased to report the appointment of leading graphite experts, ProGraphite GmbH (“ProGraphite”) for the next phase of testwork at our high-grade Amitsoq graphite project, in southern Greenland.

Whereas the last phase of the Company’s testwork successfully focused on maximising the yield of higher-value large flakes, the focus of the new testwork will be on assessing the most efficient and optimised method for the production of material for lithium-ion battery (“LIB”) anode testwork. The flake size of the graphite used to produce LIB anode material is less relevant, as the graphite is micronized to less than 30 micron prior to shaping and purification. Consequently, the recovery of larger flake graphite is not an objective for this testwork.

Highlights

· The next phase of testwork at the high-grade Amitsoq Graphite Project will focus on the production of material for LIB anode testwork.

· Alba has secured the appointment of leading German graphite experts, ProGraphite, to conduct this phase of testwork.

· This testwork is distinct from the last phase of work, which confirmed the ability of Amitsoq graphite to produce a concentrate containing a significant proportion (36%) of flakes in the higher-value large, jumbo and super jumbo flake sizes.

George Frangeskides, Executive Chairman, commented:

“I am delighted that we have been able to secure the expertise of Dr Christoph Frey and his team at ProGraphite in Germany to oversee the next phase of testwork at our high-grade Amitsoq graphite project.”

“Given the premium prices attached to the spherical graphite that is used in battery applications (upwards of $3000 per tonne), it is certainly well worth assessing whether Amitsoq graphite is amenable to the production of a high purity product which can be used in lithium-ion batteries, as this will add another, increasingly important market for our product.”

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