Anglesey Mining PLC Parys Mountain Tailings Management System Work Commences

 
TIDMAYM 
 
Trading Symbol 
 
                                                                       AIM: AYM 
 
27th July 2022 
 
                              Anglesey Mining plc 
 
                         ("Anglesey" or "the Company") 
 
           Parys Mountain Tailings Management System Work Commences 
 
Anglesey Mining plc (AIM:AYM), the UK minerals development company, is pleased 
to announce the engagement of Knight Piésold to commence both the design stage 
for the Tailings Management System at Parys Mountain and the geotechnical 
assessment of the underground development. 
 
  * The initial Tailings Scoping Study will comprise a high-level assessment 
    for the Parys Mountain Tailings Management System (TMS). 
  * Extensive pre-existing site data will be assessed including existing 
    hydrogeological, geochemical, geotechnical, geological, and mining 
    information. 
  * Following the data review and recent site visit by engineers from Knight 
    Piésold, storage methods to be considered will include filtered stacking 
    (dry stack) and conventional. 
  * The subsequent stages will include an evaluation of the preferred storage 
    method followed by a detailed Feasibility Study. 
  * On the geotechnical front, Knight Piésold has also commenced the logging of 
    the recently drilled and orientated core and analysis of the data 
    (including digitally collected acoustic televiewer information) to assist 
    with rock mass characterisation and development of a basic ground-support 
    model. 
 
Jo Battershill, Chief Executive of Anglesey Mining, commented: "Knight Piésold 
are one of the World's leading geotechnical and engineering consultants for 
tailings storage solutions and we look forward to working with them closely 
through the design and implementation process at Parys Mountain." 
 
"The commencement of the tailings storage facility design stage is a very 
important aspect of the Parys Mountain work programme and a key element of the 
overall permitting process. Building on the extensive studies and site 
monitoring from previous years, the Parys Mountain mine plan is being designed 
to optimise extraction from the underground mine but at the same time minimise 
the volume of tailings and overall visual impact. When combined with the 
highest modern standards of tailings management we expect Parys Mountain to 
have negligible adverse impact on the surrounding environment. 
 
"Equally, while the geotechnical conditions experienced in the underground 
development from 1989-91 were considered excellent, modelling of geotechnical 
domains requires updating and will feed into the next round of mine 
optimisation work to assist in maximising underground spans and potential 
extraction rates." 
 
About Anglesey Mining plc 
 
Anglesey Mining is traded on the AIM market of the London Stock Exchange and 
currently has 280,175,721 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 11% 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 
 
Jo Battershill, Chief Executive - Tel: [phone] 
 
John Kearney, Chairman - Tel: [phone] 
 
Davy 
 
Nominated Adviser & Joint Company Broker 
 
Brian Garrahy / Lauren O'Sullivan - Tel: [phone] 
 
WH Ireland 
 
Joint Corporate Broker 
 
Katy Mitchell / Harry Ansell - 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

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