REJUVENATING THE FORMER GRAPHITE MINE AT AMITSOQ SOUTHERN GREENLAND March 2017 Update PDAC Convention, Toronto 1
Disclaimer This presentation is being made on behalf of Alba Mineral Resources Plc (the “Company”) . This presentation has not been approved for issue as a financial promotion for the purposes of section 21 of the Financial Services and Markets Act (2000) (“FSMA”) . This presentation, and the information contained herein, is not for viewing, release, distribution or publication into or in the United States or any other jurisdiction where applicable laws prohibit its release, distribution or publication. This presentation is being issued by the Company for information purposes only. The content of this presentation has not been approved by an authorised person for the purposes of Section 21(2)(b) of the Financial Services and Markets Act 2000. Reliance on this presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. 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If you are in any doubt about the contents of this presentation, you should consult a person authorised under FSMA who specialises in advising on the acquisition of shares and other securities. Qualified Person’s Statement The information contained in this presentation has been reviewed and approved by Mike Nott , Chief Executive Officer of Alba Mineral Resources Plc. Mike Nott (BSc, MSc, DIC, FIMMM, FMES, FIQ, CEng) is a geologist and mining engineer by profession and has 40 years’ experience in the oil and gas, mining, minerals and quarrying industries. 2
Alba Minerals Overview Exchange: AIM (LSE) Symbol: ALBA Date of Listing: 4 April 2005 Current Price (mid-point): 0.3p (02/03/2017) Market Capitalisation: GBP5.7m (02/03/2017) Management: George Frangeskides (Executive Chairman) Michael Nott (CEO) Manuel Lamboley (Non-Executive Director) Sandy Archibald (Technical Adviser) Mining Projects: Amitsoq (Greenland) - Graphite, Ni-PGMs, Gold Limerick (Ireland) – Base Metals Mauritania - Uranium 3
Location Location • Amitsoq Project located in far southern Greenland, same latitude as Lerwick in Shetland Islands (northern Scotland) • Southern Greenland served by excellent modern infrastructure (harbours, heliports, airports and hydropower plants) • Southern coastline of Greenland boasts year round ice-free tidal waters • Relatively mild (sub-Arctic) climate • Average temperatures approx. 8-10 °C (summer) and approx. -6 °C (winter) • Licence 2013/06 encompasses the whole of Amitsoq island and the mainland to the east of Nanortalik • Former Amitsoq mine located 15 km north of Nanortalik town and heliport Location of Amitsoq Project, Southern 4 Greenland (Red Square)
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Introduction to Amitsoq • Exploration Licence 2013/06 covering 146 km² • Site of former Amitsoq graphite mine • Prospective for graphite, PGEs, nickel and gold • Alba – Started earning into project in October 2015 – Now owns a 90 per cent interest in licence holder, Obsidian Mining, with right to go to 100 per cent • Work undertaken to date includes – Remote sensing study – Airborne EM-Mag survey – Channel sampling – Metallurgical test work (ongoing) 6
Historic Mine • Total tonnes mined at Amitsoq reportedly between 4,785- 5,726 t at 21% (1914-1922) • Between 1918 and 1922, 571 t of concentrate shipped (Bondam, 1992) • Historic estimates of resources vary greatly • No further mining activity took place on Amitsoq after 1922 Bernard , 1915 7
Geological Overview Henriksen et al., 2009 Kolb et al., 2009 (modified after Garde, 2007) 8
Geological Overview • Exploration Licence 2013/06 • Covers 146 km² • Licence holder Obsidian Mining Limited • Alba – 90 per cent interest through shareholding in Obsidian • Licence is underlain by Paleoproterozoic metasedimentary and meta-igneous rocks of the Southern Domain (forearc sediments) • Deformed during the Ketilidian Orogeny (ca. 1.8 Ga) 9
Summary of Work Completed Highlights • Geochemistry performed by BGS on underground Amitsoq mine samples • FeO remote sensing study over entire licence • Channel sampling of surface outcrop at Amitsoq mine • Airborne magnetic and EM geophysical survey • Metallurgical study of channel sample material 10
Geochemical Study Highlights • Mineralogy: graphite, quartz, feldspar, mica, sulphides (pyrite, pyrrhotite), oxides (magnetite, hematite) • Graphitic carbon content varied from 20.5 to 35.4% , with an average of 28.7% • Preliminary geochemistry (from a limited dataset) suggests that grab and channel samples from historic workings at Amitsoq are high grade in comparison to worldwide graphite resources www.techmetalsresearch.com (2015) 11
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