George Frangeskides, Chairman at ALBA, explains why Pilbara Lithium option 'was too good to miss'

Alba Mineral Resources (AIM:ALBA) is an exploration company primarily working to bring the historic Clogau-St David’s Gold Mine back into commercial production after a 26-year hiatus. It also holds a 37.49% majority stake in GreenRoc Mining, whose flagship graphite battery metals project is in Southern Greenland.

In this interview, George Frangeskides, Executive Chairman, discusses why ALBA purchased the option to acquire two lithium exploration licences in West Pilbara, Western Australia, an area well known for its lithium resource.   

In this interview with focusIR, investors will also learn: 

- Why lithium is a complementary fit with the existing Alba portfolio 

- Why the focus on gold in Wales will not change  

- Why the opportunistic deal was ‘too good to miss’ 

- Why the geology is favourable for pegmatites, a key lithium indicator 

- What the terms of the deal entail for shareholders 

 “There’s a lot of favourable geology across the two licences we’ve optioned, and what we want to do is get boots on the ground as quickly as possible and do some initial mapping sampling and due diligence, and then decide whether we are going to exercise the option” said George Frangeskides, Executive Chairman, Alba Mineral Resources.   

Reasons to add Alba Mineral Resources to your Watchlist:  

• Clogau-St David’s was historically the UK’s largest producer of gold  

• Significant Gold grades from Level 4 samples  

• Waste tip processing to commence from April 2024  

• Regional exploration licenses across North Wales for possible new Gold targets  

• 37.49% majority stake in AIM-listed GreenRoc Mining (AIM:GROC)

• Pilbara Lithium Project has significant near-term value appreciation potential

George Frangeskides, Executive Chairman at Alba Mineral Resources, was interviewed by Donald Leggatt, Director IR Media at focusIR.