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Anglesey Mining (AYM)

Anglesey is engaged in exploring and developing its Parys Mountain property which hosts a significant polymetallic zinc, copper, lead, silver and gold deposit where there is a head frame, a 300m deep production shaft, planning permission for operations and freehold ownership of the minerals and land. Infrastructure is good, political risk is low and the project enjoys the support of local people and government.

Parys Mountain has been confirmed as a site of prehistoric mining, has some indications of Roman activity and became probably the world’s largest copper mine in the 1780s. Until 1800 most mining was by open cast but from 1810 Cornishmen opened up significant underground workings. By 1910 all significant mining activity had ceased.

Modern exploration began in the 1960s – Canadian Industrial Oil and Gas drilled extensively in the 1970s and Cominco found the polymetallic zones in the early 1980s. Anglesey Mining was formed in 1984 and floated on the Stock Exchange in 1988. Extensive work was done on site between 1988 and 1990. The site was placed onto care and maintenance in late 1991 due to adverse economic conditions. Further surface drilling and major geological mining and metallurgical studies have taken place since 1997 resulting in the significant resource base and subsequent Preliminary Economic Assessment currently in place. In late 2021, additional work programmes including infill drilling and environmental studies commenced.

The mine’s lunar landscape has been used in a number of films, including Mortal Kombat II. Allegedly it was the world’s largest copper mine and the person most responsible for its development, an Anglesey lawyer named Thomas Williams, was one of the first industrialists and a contemporary of James Watt. He was also one of the first to create a vertically integrated operation in which he controlled mining, smelting, distribution, warehousing and some fabrication work. It is a much studied piece of ground, providing a rich source of unusual features for geologists, biologists, environmentalists, archaeologists, industrial historians and many more specialist disciplines.

The company’s intention is to develop, build and operate a producing mine at Parys Mountain to create value for shareholders in an environmentally, socially, and ethically responsible manner for the benefit of all stakeholders.

Anglesey also holds 49.75% of Grängesberg Iron AB, which owns the Grängesberg Iron Ore Project in Sweden, a project which has the potential to be restarted as one of Europe’s largest individual producers of iron ore concentrates.

In addition, Anglesey 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.

Anglesey is also actively reviewing other compatible base metal projects suitable for incorporation into the Anglesey Group.

Director Jo Battershill discusses the development of the Parys Mountain project in 2024

An introduction from new Anglesey Mining #AYM CEO Rob Marsden from Parys Mountain

Alan Green talks to new Anglesey Mining #AYM CEO Rob Marsden at Parys Mountain

Anglesey Mining Plc website here: https://www.angleseymining.co.uk/

Follow Anglesey Mining on Twitter here: @AngleseyMining

View the latest Company Presentation here: AYM_Dec_23_presentation

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Anglesey Mining (AYM)

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