Alba holds interests in the UK onshore oil & gas exploration sector, plus exploration assets in Greenland (graphite, ilmenite, base metals, gold and cobalt), Mauritania (uranium) and Ireland (base metals). We intend to deliver shareholder value by developing these assets and also look to invest in other natural resource opportunities we identify as being able to deliver positive returns and value to shareholders.
The Group's natural resources portfolio consists of graphite, hydrocarbon, base metal, ilmenite and uranium exploration projects, which range from conceptual or regional exploration targets through to more advanced, drill ready projects.
Greenland has a long history of graphite mining. The Amitsoq graphite mine was an open-cut operation with an on-site primary processing plant, operating between 1914 and 1924, and produced ca. 5,500 tonnes at an average grade of 20 per cent graphite.
Thule Black Sands
Black heavy mineral sands have been recorded in the Thule region for many decades. Enriched with ilmenite, elevated concentrations are recorded on both active and raised beaches along the coastline.
Oil & Gas Portfolio
A 9.75% economic interest in the Horse Hill-1 project and earning a 5% economic interest in the producing Brockham Oil Field provide Alba shareholders with investment exposure to the exciting onshore UK Weald Basin oil and gas sector
Despite its high prospectivity, the Dolgellau gold belt in Wales is considered under-explored and Alba believes there is potential to find unworked veins.