Anglesey Mining Share Discussion Threads

[21trader] 29/9/2014 10:39

Do not think I have ever seen a stock rise so quick in 20 years 2.5p offer to 10p bid in 20 minutes.

[21trader] 29/9/2014 10:36

I'd rather short it now than go long but chasers are abundant in this market

[bodgit] 29/9/2014 10:34

Wow, good news and the share price looking good though likely some element of P&D going on here. I'll keep these in the bottom drawer a little longer methinks. Good luck all.

[topinfo] 29/9/2014 10:12

The company said that diamond drill holes confirm the mineralization continues to at least 1,100 meters to 1,200 meters below surface.





The NI 43-101 technical report concludes 115.2 million tons of indicated resource with 40.2% iron and 33.1 million inferred resource at 45.2% iron.

[topinfo] 29/9/2014 10:08

AYM the next KLG ??? Thats a huge resource.

Anglesey Mining PLC Grangesberg NI 43-101 Resource Estimate
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TIDMAYM

Anglesey Mining plc

29 September 2014 LSE:AYM

Grangesberg NI 43-101 Resource Estimate

Anglesey Mining plc ("Anglesey") is pleased to report that Grangesberg Iron AB
("GIAB") has received an NI 43-101 Technical Report from Roscoe Postle
Associates Inc ("RPA") showing a compliant resource estimate for the
Grangesberg Mine.

In May 2014 Anglesey announced that it had entered into agreements giving it
the right to acquire a controlling interest in the Grangesberg Iron project in
central Sweden including a direct 6% interest in GIAB and an option exercisable
until 30th June 2015 to acquire an additional 51% in GIAB. Anglesey also
entered into shareholder and cooperation agreements such that during the term
of the option Anglesey holds management control and operatorship of GIAB and
has appointed three out of five directors to the board of GIAB including the
Chairman.

The Technical Report which was prepared by RPA and was dated 26th September
contains the following summary table:


Mineral Resource Estimate Summary - August 22, 2014

Grängesberg Iron AB - Grängesberg Iron Mine

Category Tonnes %Fe %P Contained Fe
(tonnes)

Indicated 115,200,000 40.2 0.78 46,300,000

Inferred 33,100,000 45.2 0.91 15,000,000

Notes:

CIM definitions were followed for Mineral Resources.

The values for tonnages, grades and contained iron have been rounded.

Mineral Resources are estimated at a cut-off grade of approximately 20% Fe.

A minimum mining width of approximately 10 m was used.


RPA concluded that the Grängesberg iron ore deposit hosts a significant iron
resource that has excellent potential for expansion at depth. Geophysical
interpretations from the 1960s suggest that the ore body continues to at least
1,700 m below surface. Diamond drill holes confirm the mineralization continues
to at least 1,100 m to 1,200 m below surface. In RPA's opinion, more
geotechnical, metallurgical, and other engineering studies are warranted to
advance this Project.

"We are very pleased with the compliant resource estimate contained within the
RPA report", said Bill Hooley, Chief Executive of Anglesey, "This confirms our
belief in the inherent fundamentals of Grangesberg and we look forward to
moving the project through the next development stages with a target of
restarting production around 2018 when we believe that the global iron ore
supply-demand will be in a more balanced position than currently. We remain
encouraged by the support being shown for the project at all levels in Sweden."

A programme is currently being developed to look closely at geo-mechanical and
hydro-geological aspects of the site which will be critical components of the
permitting regime required for the dewatering and reopening of the mine. The
principal consultant who will oversee this work has commenced activities;
drilling quotations have been obtained; and permit applications for the
necessary work have been submitted to the relevant authorities. These
activities will include drilling boreholes into the general mine area and the
capture and interpretation of key data on the physical aspects of the ground
and hydrological conditions. It is expected that all the drilling and analysis
will be completed during the autumn and will allow the first stage of permit
applications for mine development to be prepared and submitted.

The full RPA report can be found at and will also be published shortly on the Anglesey website at www.angleseymining.co.uk

The Annual General Meeting of Anglesey will be held at 11am on Tuesday 30th
September at the offices of DLA Piper, 1 London Wall EC2Y 5EA, London.
Shareholders are invited to attend.


About Anglesey Mining plc

Anglesey is also carrying out exploration and development work at its 100%
owned Parys Mountain zinc-copper-lead deposit in North Wales, UK where a JORC
Code-compliant resource of 2.1mt at 6.9% combined base metals in the indicated
category and 4.1mt at 5.0% combined in the inferred category was published in
November 2012. The Company has received a detailed review of the resource base
for the entire site which has recently been completed by Micon International
and is evaluating these results. The company continues to review the future
demand predictions for base metal concentrates particularly zinc ahead of any
decision to move to development and production.

In May 2014 Anglesey acquired the rights to earn a 57% interest in the
Grangesberg iron ore mine. The Grangesberg iron ore mine is situated in the
mineral-rich Bergslagen district of central Sweden about 200 kilometres
north-west of Stockholm. Until its closure in 1989 due to prevailing market
conditions, the Grangesberg mine was the third largest iron ore mine in Sweden,
with in excess of 150 million tonnes of iron ore having been mined down to
around 500 metres deep.

Anglesey holds 15.3% of the shares of Labrador Iron Mines Holdings Limited
which over the three years 2011 to 2013 produced about 3.5 million tonnes of
iron ore from its operations in Canada, all of which was sold in the China spot
market.


For further information, please contact:

Bill Hooley, Chief Executive [phone];

Danesh Varma, Finance Director [phone];

Samantha Harrison: RFC Ambrian [phone];

[nash81] 23/9/2014 01:26

my shares in AYM is worthless now. with goldman predicting iron ore to be even lower, it will be even longer before share price can recover:

hxxp://www.macrobusiness.com.au/2014/09/goldman-cuts-iron-ore-forecast-into-the-70s/?utm_source=dlvr.it&utm_medium=twitterSo

i am now focussing on ROSE as two wells spudding in as early as Oct 2014 (see RNA) and its in USA with broker target 108p on discovery.

gla

[abergele] 22/9/2014 20:09

These levels were last seen pre 2008,it's becoming a nightmare when a few thousand pounds worth of shares sold over time can find no buyer and cripple the share price completely,there's no confidence now because of the squandering of cash at LIM............

[rajaster] 22/9/2014 15:50

This is now properly fu.. 2p and still not a bottom here. Not much that can be added beyond what has been said already.

[bodgit] 19/9/2014 02:23

Labrador Iron Mines Annual Meeting of Shareholders Provides Corporate Update

[bodgit] 18/9/2014 17:55

LIM reports positive results from Howse JV drilling

[noccer] 15/9/2014 11:38

Some pundits say zinc is in deficit now, but most agree that it will be in deficit through 2015 with MMG's Century mine closing and Dugald River delayed. The uncertainty is what is going on in China, both as regards its internal supply and warehouse stocks.

[laserdisc] 15/9/2014 10:30

Hi noccer trouble is investors want an appreciation of
their investment in a short time.
I hope they can get some finance or debt equity perhaps just to mine some surface areas of Parys perhaps where they can quickly extract some high content ore.
I think they are looking to mine areas where a quick return would be possible.

Us longterm investors here will need more patience here.
The outlook for zinc is strong & a probable deficit occurring in 18mths
The timing might be good now but the spread in share price is wide hence once in your locked in

[noccer] 15/9/2014 10:12

Thats 'Wolf Minerals', and I wish them well. They have offtake agreements in place with two companies which must help the finance, but its taking a fair while to get going.

[tradermel] 15/9/2014 07:41

laserdisc 11 Sep'14 - 20:41 - 2986 of 2990 0 0

I would think that they first need to find an investor who is prepared to finance Pary's


.................

Not necessarily, Wolfe have done it via debt and equity this year and are constructing their mine down in Devon. All management have to do is get on with something other than the nothing they currently do!

[bazza16] 14/9/2014 13:57

I do hope Parys Mountain is full of Zinc :



Baz

[abergele] 12/9/2014 22:00

Bodgit,
it'll be a waiting game ,but circles do go around

[bodgit] 12/9/2014 07:40

I'm still here too, nursing a >75% reduction in the share price since I went back in a smaller way into these. I also invested some of my previous AYM profits into Minco and now about 60% underwater on those too. Hmmmmm. Good luck all.

[abergele] 11/9/2014 23:33

I'm still here Laser,
it hurts as well.bahhh

[laserdisc] 11/9/2014 20:41

unbelievable yes.
i suppose they now need to prove they can operate a viable mine in Sweden at say $30 tonne .

lim assets probably worthless. may find more out at a special lim meeting mid sept

Parys may offer some value next year , its will be highly enlightning what spin they have to say at the Minesite conference on 7th October.


Perhaps the Welsh assembly are going to offer some grant to start up Parys.

I would think that they first need to find an investor who is prepared to finance Pary's

The only other thing i can think of perhaps Minco or an associate will buy this out for a couple of million. Juno still hold a large % of shares

I am not buying even at the present price on offer at 2.8p plenty of stock available i would of thought if they have a good plan it will take a lot of marketing so plenty of time to buy shares here

[ashbox] 11/9/2014 20:38

Can't really see how this can survive for much longer without a massively dilutive placing but is anyone confident to invest based on the track record?

[peterj7] 11/9/2014 20:08

Iron ore today at a 5yr low of $82.20 /ton :



And what are our BOD doing? Thinking of buying into another clapped out iron mine in Sweden! You couldn't make it up.

[noccer] 04/9/2014 20:29

Certainly looking like metals may start edging up, with zinc being the star, the non-ferrous metals have been drifting for a month or so.

[laserdisc] 04/9/2014 08:28

we have improving economic conditions in the US and China, the biggest metals
consumers, this supports the upside in zinc prices.
Zinc has probably one of the biggest exposures to residential construction activity of any of the metals
Is parys to be mined in 2015? they will need investment... my understanding a roadshow may be on the cards later this year
as directors did say
A continuation of this improvement in zinc will allow us to take a far more positive view on the development of Parys Mountain than we have been able to do for some years