Alba Mineral Resources plc has released its final results for the year ended 30 November 2025, highlighting significant operational and strategic progress. Key achievements include the transition to active underground development at the Clogau-St Davids Gold Mine, with ongoing drilling, blasting, and bulk sampling. The company has also optimized its pilot processing plant and validated its premium Welsh gold strategy through successful limited-edition coin sales.
Strategically, Alba expanded into critical minerals by acquiring a 25.5% interest in the Motzfeldt Project in Greenland, a significant deposit of rare earth elements, niobium, and zirconium. Exploration results at Motzfeldt have been promising, with high-grade assays confirming its potential. Additionally, Alba continued to support its investment in GreenRoc Strategic Materials plc, which secured an exploitation license and EU Strategic Project status for its Amitsoq Graphite Project.
The company also advanced its Finnsbo project in Sweden, despite contractual challenges, and maintained its position in the Horse Hill Oil Project. Financially, Alba raised approximately £1.125 million through placings and an additional £800,000 post-year-end, demonstrating its ability to secure funding in a challenging environment.
Looking ahead, Alba aims to advance exploration at Clogau, progress technical work at Motzfeldt, and continue supporting its strategic investments. With exposure to both precious metals and critical minerals, the company is well-positioned to capitalize on market opportunities and create value for shareholders.
| Financial Metric | 2024 (£'000) | 2025 (£'000) | Change (£'000) |
|---|---|---|---|
| Total Revenue (Other Income) | 77 | 30 | -47 |
| Administrative Expenses | (792) | (664) | 128 |
| Impairment Expense | (2,347) | (150) | 2,197 |
| Operating Loss | (3,062) | (784) | 2,278 |
| Loss on Dilution of Investment in Associate | (223) | (496) | -273 |
| Share of Loss of Associate | (238) | (228) | 10 |
| Loss for the Year Before Tax | (3,523) | (1,508) | 2,015 |
| Loss for the Year | (3,523) | (1,508) | 2,015 |
| Total Comprehensive Income | (3,523) | (1,508) | 2,015 |
| Net Assets | 7,526 | 7,510 | -16 |
| Cash and Cash Equivalents | 126 | 362 | 236 |
| Total Debt (Trade and Other Payables) | (230) | (409) | -179 |