Anglesey Mining Share Discussion Threads

[kooba] 15/9/2022 16:50

Very interesting and just the narrative to keep strong local support.

[benjamin15] 15/9/2022 16:43

Calmtrader
That reads extremely positive

[calmtrader] 14/9/2022 23:50

Fantastic Write up from QMEhttps://www.linkedin.com/posts/peter-mcparland-9309674a_miningindustry-metals-people-activity-6975928397512249344-VaXY?utm_source=share&utm_medium=member_ios

[spacedust] 13/9/2022 09:52

I need more dreamers to buy in this shttt. If 10p they'll make 300% plus whilst many us will be happy break even. Come on dreamers

[spacedust] 12/9/2022 18:26

Hopefully this bag of shttt can get to 10p for absolutely no reason

[trader465] 12/9/2022 14:49

I’d say the money from the RMM selling is starting to flow in to AYM

[wisteria2] 12/9/2022 14:06

Thanks Ged, Walked over the site ( pary's ) a few times over the years.
The update is very positive, and it would generate some long term employment opportunities that we need to be more self-sufficient as a nation.

[kooba] 12/9/2022 12:49

Many thanks Ged5 some really interesting bits on the nuts and bolts of operating at Parys. The cost and timescale on Grangesberg are big but so is the value and strategic position. Permitting makes everything more valuable..no point in an asset you are not allowed to get out of the ground! The confidence level seems very good of getting there but then again the timescales are not nailed...i realise some of this is out of their hands but since we have planning in place i rather thought the permitting was updating information alongside that. I would rather hope if there is a will locally that although not box ticking things progress at decent pace. The operational clarity means impact seems very low to the dwindling population.So fingers crossed on a few more core sample results, some progress on Parys permitting and consolidation of the interests in Grangesberg. There does appear to be comments around the right of first refusal as being more of an option..i might have it wrong bur either way some confirmation that the company can get ownership control as well as management control would be good.

[j5thumbs] 12/9/2022 12:49

Thanks Ged5 - it's great to hear this report. What a nice day today - the sky is blue, and so is the leaderboard. :o)

[ged5] 12/9/2022 11:15

This is the last one he's posted so far:-

No.6

Environment. The great pits which were opened up a century or two ago barely scratched the surface. AYM's operations will be carried out mostly underground - not just the tunnels and stopes but even the crushing and concentration will be in sheds which are (or will be) buried. Local residents will hear nothing. The great "Jumbos" which will whizz around underground may never see the light of day.

Water runoff at the historic workings is extremely acidic (pH 2) and the flora and fauna are adapted to these harsh conditions - indeed it's an "SSSI". As part of the "environmental baseline" studies required for environmental permitting samples are taken which stretch even to DNA sampling of "ephemeral" pools which fill with rainwater and then drain away. There are caves inhabited by the splendid red-billed birds called "choughs". They will not be affected.

There was some discussion of sending AYM's concentrate to market by rail rather than by trucks. This concentrate will be shipped to smelters somewhere in Europe via Holyhead port. If I understood correctly, local MP Virginia Crosby is keen to see the existing railway used for tourism but Jo has informed her that its economics can be boosted by 60,000 Tonnes of mineral freight.

Traditionally "tailings management" (waste product in a water slurry) has been a matter of pumping it into evaporation pans where the solids settle to the bottom. Nowadays there is a hydraulic squeezing process whose output is dry-ish bricks or slabs which can be stacked. (I didn't quite grasp what happens next - cover up the stacks or sell them for building materials.)

On the subject of by-product, the Swedish subsidiary Grangesburg has, in addition to its iron ore, a by-product called Apatite. This is a precious source of Phosphorus for fertiliser. The European market is at present supplied from Morocco, from Belarus and from Ukraine. For Grangesburg to fly, c$400m is needed and it may take 4 or 5 years. Obviously to make that scale of investment. partners would be needed.

[ged5] 12/9/2022 11:14

No 4

One of the visitors at yesterday's Site Visit was a local man and clearly keen to see Amlwch's declining fortunes reversed. He said, "We had 11,000 inhabitants - now down to 3000. Our school had 1100 pupils - now down to 400. If and when the mine reopens, will this be work for a bunch of fly-in, fly-out incomers or will there be work for the locals?" Answer: "We expect to employ 120 people directly and there's usually a 3-to1 ratio with subcontractors and caterers and all that, so maybe 360 indirects, making around 500 people. Some of the skills we need will of course be so specialised that we'll have to recruit from outside. But experience says that farming and fishing communities are ideal for what we need." Jo didn't quite say that if you can drive a tractor you can drive an underground Jumbo. (Didn't quite say it? No, I just put words in his mouth, naughty me!)

Jo drew a distinction between "residential" mines and "camp" mines. The latter, with a bunch of footloose males, can disrupt a community and even strain their own (distant) relationships with the spouse far away and so be less reliable employees. The former is to be preferred by far. And if the anticipated 12-year mine life increases (very strong grounds for believing this), Anglesey Mining will become much more than a transient visitor to this part of the beautiful island; will become a long-term feature of the local economy.

(Still to come: Takeaways on environment, on rare earths, on the electric car revolution, on the allegations of nuclear waste, on underground exploratory drilling (as distinct from surface-down), on the contrast between the helipad (wow!) and the toilet facilities (eek!).

No 5

Drilling and analysis: Our young geologist, Jake, was in attendance. Where visitors expressed an interest he was happy to take them into the Core Shed where samples were neatly laid out in trays. Some of them, that is... in recent months many hundreds of metres of these smooth heavy grey cylinders have been extracted by the drilling rigs and indeed there was a heap of discarded ones outside. I pocketed one which now sits on the mantlepiece. I was rather expecting Jake to be a main speaker ("Now, listen up everybody.... I'm going to tell you about the marvels of kryptonite pyritees...") but it didn't happen.

One guest asked, "Aside from the familiar copper and silver etc, what rare earths might we have beneath our feet? Many of these come from Russia and are more scarce since the outbreak of war." Answer: "The assaying laboratories only test for what we ask them. Each sample costs us 52 Euros," (I was thinking, huh, that ain't much) ".... and we have sent thousands and thousands in for analysis in recent months" (cripes, that IS much!) ".... and if we order them to test for Cerium, Indium, Gallium or Yttrium they will do so at extra cost."

One visitor asked, "Compared to other base metal deposits in the world how good is our deposit here?" Answer, "The worldwide average was 1.1% until recently and this has now fallen to 0.5%. What we have here is a splendid 2%. As a shorthand we include the zinc and lead in this figure, using the expression 'copper equivalent'. "

Earlier Jo had beamed and said, "The drilling results show some STELLAR concentrations - some very high grade areas - narrowish - and some very big layers at a decent grade." And then, to me, the quote of the day: "There's some really really juicy stuff!"

[ged5] 12/9/2022 11:09

No problem!

Here's 2&3 of the 6 he's posted so far.

No.2
One of the visitors yesterday asked, "Jo, on a scale of zero to 100, where would you place the probability of this becoming a working mine again?" Answer: "When I joined a year ago I had in mind 95%. Today, with what has been achieved and learned I'd put that at 99%. The missing one percent is related to permitting. This can take anything between six months and six years, and there have been instances in Australia and elsewhere where the seemingly straightforward process drags on and on."

Jo made the point that local support is strong. Present at the Site Visit were people from the local council. And Jo will be speaking at schools about the employment prospects; the careers to be built; the 'portable' skills (e.g., electricians, fabricators) to be acquired at a resurgent mine. Peter McPartland, from the mine-design consultancy QME, spoke of successes in Ireland where the local community's legitimate concerns over noise and pollution and extra traffic can be addressed in "town hall meetings", one of which was held in a pub and lasted four (hic!) days. The glint of Irish humour lightened Peter's otherwise sincere and earnest explanation that partnership and consent are vital; that great mutual benefit is to be had for the local populace and for Anglesey Mining.

No3

AYM has three strings to its bow - Parys Mountain, a 12% stake in Labrador Iron Mines (Canada) and control of Grangesburg Iron in Sweden. The latter, a major iron resource is beautifully placed.

Unlike LIM which has to operate out in the frozen north and then ship its product at enormous expense through the Panama canal to China, Grangesburg has many advantages such as (i) grid electricity (ii) a nearby rail head (iii) customers (steel works) dotted around northern Europe and hungry for product (iv) the unfortunate knock-on effect of the Russian invasion of Ukraine, with Russia's 40MT per annum of ore sanctioned (v) in a stable democracy (vi) Swedish mining minister very keen on inward investment and growth of his industry (vii) PEA (preliminary economic assessment) done and dusted on Jo Battershill's watch.

It is to the great credit of Bill Hooley (Jo's predecessor) that he snapped up Grangesburg back in 2014 and, having acquired 20% plus AYM control of Grangesburg's BOD, obtained an exclusive contractual right to acquire an additional 50%. Note the word 'exclusive'.

For more detail on this subject, and others, visit (thank you Vib6er for the hyperlink). The slides which can be viewed online are the ones which were projected to yesterday's gathering.

[trader465] 12/9/2022 11:03

Nice buy volume today

[kooba] 12/9/2022 10:35

Many thanks I'm not on there..so if possible would appreciate any decent reports. Interesting on the clusters but since we have Northern Zone already in the Parys mountain brownfield site would hope we focus on finding out what we have there before looking around further! But interesting geographical background..for an area mined somewhat intensively for thousands of years it's highly likely nearby anomalies would have gained attention at some point. Not sure if there is any benefit in seismic study taking a blanket look at surrounding area. Maybe Anglesey could again be the biggest copper producer in the world !!!

[kooba] 12/9/2022 10:18

Someone paid 3.1p for a little bit of size.No feedback after a private investor shindig surprising..of course the company shouldn't be disclosing anything potentially price sensitive to small groups of share holders so there should not be any need for secrecy.

[mininglamp] 11/9/2022 22:19

AYM listed here, good news.

[kooba] 11/9/2022 19:25

I did question QME size and ability to deliver on the agreement previously ( Not to mention some conflicts with joint directorships with Anglesey directors) , but am more convinced that they have the wherewithal and it seems are still highly engaged on the project.The agreement could provide a huge return on capital investment for them over the life of the mine ( on the known life but highly likely far longer) they probably know the full potential better than anyone so encouraging they were there yesterday.

[calmtrader] 11/9/2022 17:52

Yep and believe me QME are the dogs bollo_cks

[kooba] 11/9/2022 17:41

QME kicking around is interesting likely shows they still have intent in fulfilling the development arrangement which would go quite some way in the required development capital. I think they have an option at the moment but if they were committed the whole project funding starts to look a whole lot easier even if we suffer some dilution on the whole project. Maybe ducks are lining up?

[calmtrader] 11/9/2022 16:08

I hear Jo,John Kearney,Danesh and Peter Parland (QME) were all there

[kooba] 11/9/2022 12:45

Any feedback from the mountain??

[benjamin15] 11/9/2022 12:37

Think I'm going to have a top up next week 😉

[kooba] 11/9/2022 12:18

For those interested https://www.spiked-online.com/2022/09/11/this-is-swedens-populist-moment/