Anglesey Mining PLC Canaccord Genuity appointed broker and corporate update

 
TIDMAYM 
 
27th April 2022 
 
                              Anglesey Mining plc 
 
                         ("Anglesey" or "the Company") 
 
     Appointment of Canaccord Genuity as Joint Broker and Corporate Update 
 
Anglesey Mining plc (AIM:AYM), the UK minerals development company, continues 
to advance work programmes at both its Parys Mountain Cu-Zn-Pb-Ag-Au VMS 
project on the Isle of Anglesey in north-west Wales and its Grängesberg iron 
ore project in Sweden. 
 
Anglesey is also pleased to announce that Canaccord Genuity Limited has been 
appointed as Joint Broker with immediate effect. 
 
Parys Mountain Cu-Zn-Pb-Ag-Au Project 
 
  * Infill drilling programme at Parys Mountain is expected to be completed 
    over the next week 
  * First of the ten drill holes have been logged, sampled, cut and dispatched 
    for assaying, with results expected towards the end of the June quarter 
  * Acoustic televiewing of drill holes has been completed, with data to be 
    used in defining geotechnical domain model to assist with mine optimisation 
    studies 
  * Metallurgical testwork is expected to commence once assay results have been 
    received 
  * Environmental studies that are expected to form part of the permitting 
    process have begun, with baseline surveys commencing last week 
  * Design work for the tailings storage facility is also expected to commence 
    in the coming weeks 
 
Grängesberg Iron Ore Project 
 
  * The Grängesberg Pre-Feasibility Study Update is nearing completion with our 
    consultant, Micon International, currently completing the product marketing 
    studies and financial modelling. 
 
Jo Battershill, Chief Executive of Anglesey Mining, commented: "We are very 
pleased to have Canaccord now working alongside Anglesey. Canaccord continues 
to demonstrate its strength in the global natural resources space, and we look 
forward to working with the team." 
 
"With the AIM admission process successfully completed, we now look forward to 
focusing on our key development projects. The progress at Parys Mountain since 
the drilling commenced in November has been very encouraging and we look 
forward to moving into the next stages of pre-development work. This work will 
include optimising mine designs, confirmatory metallurgical and 
pre-concentration testwork, tailings storage facility design work and 
environmental and permitting activities." 
 
"We expect to receive the Grängesberg PFS Update over the next few weeks. Once 
received, we will be well positioned to design and plan the next stages of work 
programmes for the project. The combination of elevated iron ore prices and 
supply shocks from the tragedy unfolding in Ukraine, has provided a very strong 
backdrop and strategic positioning for the Grängesberg Project." 
 
About Anglesey Mining plc 
 
Anglesey Mining is traded on the AIM market of the London Stock Exchange and 
currently has 248,070,732 ordinary shares on issue. 
 
Anglesey is developing its 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au deposit in 
North Wales, UK with a 2020 reported resource of 5.2 million tonnes at 4.3% 
combined base metals in the Indicated category and 11.7 million tonnes at 2.8% 
combined base metals in the Inferred category. 
 
 
Anglesey holds an almost 20% interest in the Grangesberg Iron project in 
Sweden, together with management rights and a right of first refusal to 
increase its interest to 70%.  Anglesey also holds 12% of Labrador Iron Mines 
Holdings Limited, which through its 52% owned subsidiaries, is engaged in the 
exploration and development of direct shipping iron ore deposits in Labrador 
and Quebec. 
 
For further information, please contact: 
 
 
Anglesey Mining plc 
 
John Kearney, Chairman - Tel: [phone] 
 
Jo Battershill, Chief Executive - Tel: [phone] 
 
Davy 
 
Nominated Adviser & Joint Company Broker 
 
John Frain - Tel: [phone] 
 
Canaccord Genuity Limited 
 
Joint Company Broker 
 
James Asensio / Harry Rees - Tel: [phone] 
 
Scout Advisory Limited 
 
Investor Relations Consultant 
 
Sean Wade - Tel: [phone] 
 
LEI: 213800X8BO8EK2B4HQ71 
 
 
 
END 
 
 

(END) Dow Jones Newswires

April 27, 2022 02:00 ET (06:00 GMT)