ALBA MINERAL RESOURCES PLC

Business and Financial Review • Sep 20, 2021

National Storage Mechanism | Additional information

RNS Number : 3446M

Alba Mineral Resources PLC

20 September 2021

Alba Mineral Resources plc

("Alba" or the "Company")

Horse Hill Update

Production Facilities Upgrade

Alba Mineral Resources plc (AIM: ALBA) notes the announcement today by UK Oil & Gas Plc ("UKOG"), as majority shareholder of Horse Hill Developments Limited (the Operator of the Horse Hill Oil Project in the Weald Basin in southern England), that it has completed a planned two-week production facility upgrade at the Horse Hill Oil Field.  

UKOG further reports that:

·    the works included modifications to prepare the site for automated 24-hour continuous production operations, together with the installation of the first tranche of permanent facility equipment required under the Health and Safety Executive's Control of Major Accident Hazards (COMAH) regulations; and

·    following the shutdown period necessary to undertake the works, oil production has now been re-established. 

Further material updates will be released as and when the Company is made aware of these.

For further information, please contact:

Alba Mineral Resources plc George Frangeskides, Executive Chairman	+44 20 3950 0725
Cairn Financial Advisers LLP (Nomad)      James Caithie / Liam Murray	+44 20 7213 0880
ETX Capital (Broker) Thomas Smith	+44 20 7392 1494

Alba's Project and Investment Portfolio

Project (commodity)	Location	Ownership
Mining Projects
Amitsoq (graphite)	Greenland	100%
Clogau (gold)	Wales	90%
Dolgellau Gold Exploration (gold)	Wales	90-100%
Gwynfynydd (gold)	Wales	100%
Inglefield (copper, cobalt, gold)	Greenland	100%
Limerick (zinc-lead)	Ireland	100%
Melville Bay (iron ore)	Greenland	100%
TBS (ilmenite)	Greenland	100%
Oil & Gas Investments
Horse Hill (oil)	England	11.765%

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