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#AYM Anglesey Mining PLC – UK 2024 Criticality Assessment
Following a study by the UK Critical Minerals Intelligence Centre (CMIC), commissioned by the Department for Business and Trade (DBT) and hosted at the British Geological Survey (BGS), Anglesey Mining plc (AIM:AYM), is pleased to announce that Zinc (Zn) has now been added to the UK Critical Minerals List. The report can be accessed via the following link:
https://www.ukcmic.org/downloads/reports/ukcmic-2024-criticality-assessment.pdf
Anglesey considers the classification of zinc as a critical mineral to be a significant positive step for the importance of its Parys Mountain resource in Anglesey, North Wales. The current declared resources at Parys Mountain include over 200,000 tonnes of contained zinc along with other minerals including copper, silver, gold and lead, as can be seen in the following table:
| Parys Mountain Resources, Combined March 2023 and January 2021 | |||||||||||
|
Classification |
Tonnes (Mt) |
Grades | Contained Metal | ||||||||
| Cu | Zn | Pb | Ag | Au | Cu | Zn | Pb | Ag | Au | ||
| (%) | (%) | (%) | (g/t) | (g/t) | (kt) | (kt) | (kt) | (Moz) | (koz) | ||
| Measured | 1.30 | 0.33 | 2.32 | 1.28 | 33 | 0.43 | 4.3 | 30.1 | 16.6 | 1.36 | 18.0 |
| Indicated | 3.98 | 0.37 | 2.39 | 1.29 | 27 | 0.23 | 14.7 | 95.3 | 51.5 | 3.47 | 29.7 |
| Inferred | 10.79 | 1.29 | 0.81 | 0.43 | 9 | 0.11 | 139.4 | 87.7 | 46.6 | 3.05 | 38.9 |
| Total | 16.06 | 0.98 | 1.33 | 0.71 | 15 | 0.17 | 158 | 213 | 115 | 7.9 | 86 |
Source: Parys Mountain Resource Update notification released by Anglesey on 3 April 2023 (link)
Copper (Cu) is currently on the critical minerals lists in China, USA, Canada, India, Japan and South Korea. Although not meeting their normal thresholds, it has been added this year to the Australian Critical Minerals list and has been listed on the EU critical minerals list as a “strategic mineral.” Copper is not at present on the UK Critical Minerals List; however, the report recognises (Section 4.2) that the latest Criticality Assessment represents the current picture of demand and supply risk based on data for 2018 to 2022. The report also suggests that new technologies are emerging which will lead to increasing demand for numerous materials which are already listed as critical, but also many that are not, such as Cu, Ag, Cr, Mo etc.
Section 4.3.1 involves a detailed analysis of the increasing demand for copper linked to emerging technologies and carbon net zero targets versus the possible supply chain risks in being able to increase mining output to meet the higher demand. Section 4.3.1 ends with the comment “It is simply reasonable to acknowledge that, although Cu remains below the criticality threshold at present, this may change in the near future.”
Rob Marsden, CEO of Anglesey Mining, commented: “Whilst our recent focus at Parys Mountain has been to push forward with the planning and permitting for the new mining project, it is very encouraging to note that at the same time a number of the minerals making up our resource are becoming more widely recognised as being of major importance to emerging technologies and the drive for net carbon zero. We are hopeful that an increase in demand for those minerals will make the project more attractive to investors and will also provide stable commodity prices to support our business plan. The 4th annual Critical Minerals Conference, which took place on the 2nd of December in London, was very well attended and afforded me the opportunity to discuss with the MPs present the importance of the Parys Mountain deposit”
About Anglesey Mining plc:
Anglesey Mining is traded on the AIM market of the London Stock Exchange and currently has 461,593,017 ordinary shares in issue.
Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.
Anglesey also holds a 49.75% interest in the Grängesberg iron ore project in Sweden and 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
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Interim-Chairman – Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
Zeus Capital Limited
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0)161 831 1512
LEI: 213800X8BO8EK2B4HQ71
Grand Vision Media Holdings #GVMH Announces the Appointment of a Strategic Partner in Korea
Grand Vision Media Holdings Plc today announces the appointment of a strategic partner in Korea. GVMH has signed a strategic alliance agreement with CY Group in Korea. CY Group is a privately held conglomerate with business interests in retail, cosmetics and marketing.
CY Group will introduce Korean advertisers to GVMH’s marketing services including GVMH’s cinema OOH network and its digital marketing solutions. These services will be of particular interest to Korea’s tourism and retail sectors, which are keen to capture a bigger portion of tourist spending. Korea has always been among the top travel destinations for Chinese tourists. In 2018, number of visits by Chinese tourists increased by 15% to 4.8 million, representing 31.2% of total foreign tourist visits to the country1.
In addition, through the introduction by CY Group, GVMH is working with CJ CGV Cinemas to do a pilot project implementing GVMH’s cinema-centric marketing model in Korea. GVMH will be installing glasses-free 3D advertising panels in several selected cinemas in Seoul to attract local advertisers. CJ CGV is the largest multiplex cinema chain in Korea. It currently operates at 463 locations internationally, including 151 locations in Korea2.
Jonathan Lo, CEO, said “GVMH continues its overseas expansion to capture a bigger share of Chinese outbound tourism marketing. With this new alliance, we are well placed to benefit by increasing our presence in Korea, one of the main tourist destinations for the Chinese. We are continuing to develop our business in line with our strategy of working with local partners to reach new advertisers. The pilot project with CJ CGV cinemas is also a significant milestone. It means our business model of cinema-centric marketing and use of innovative visual technologies has universal appeal.”
1. The Korea Bizwire, January 23 2019 (http://koreabizwire.com/number-of-foreign-tourists-to-s-korea-up-15-pct-in-2018/131016)
2. Variety, 10 July 2018 (https://variety.com/2018/film/asia/korea-cj-cgv-seeks-10000-screens-worldwide-by-2020-1202870154/)
**ENDS**
For further information, photos and enquiries please contact:
| Grand Vision Media Holdings plc | Jonathan Lo / Ajay Rajpal info@gvmh.co.uk |
Tel: +44 (0) 20 7866 2145 |
| Alfred Henry Corporate Finance Ltd, Corporate Advisor | Nick Michaels / Jon Isaacs enquiries@alfredhenry.com |
Tel: +44 (0) 20 3772 0021 |
| Alexander David Securities Ltd, Broker | David Scott david.scott@ad-securities.comJames Dewhurst james.dewhurst@ad-securities.com |
Tel: +44 (0) 20 7448 9820 |
| Keene Communications, Public Relations | Alex Glover alex@keenecomms.com |
Tel: +44 (0) 7887 610335 |
Company web site: www.gvmh.co.uk
About GVMH
Grand Vision Media Holdings Plc is an integrated out-door digital media company deploying innovative display and marketing technologies at strategic, high-traffic locations. Its glasses-free 3D technology in digital out-of-home (OOH) media is enabling advertisers to engage with affluent consumers in important and growing markets such as China and elsewhere around the world.
The company deploys glasses-free 3D technology in cinemas to take advantage of the growth in audiences in China in terms of box office, number of cinemas and number of viewers. In addition to traditional advertising revenue, we set out to monetise the benefits generated by user interaction with 3D panels by targeted social media advertising and, also by profit sharing from transactions.
In June 2018 the Company listed on The London Stock Exchange helping it to attract further investment to build out our business within China itself; the company’s current footprint in China represents less than 5% of the market there.
The digital signage market globally is expected to reach almost $30bn by 2024, compared to approximately $15bn in 2015. We believe that this growth will be driven not only by new, higher resolution displays and new types of technology, but also by integrating digital displays with customers’ smart phones.
Company web site: www.gvmh.co.uk
CY Group is a South Korean conglomerate holding company headquartered in Seoul. It comprises numerous businesses in various industries of food and food service, pharmaceutics and biotechnology, entertainment and media, home shopping and logistics.
CJ CGV is the largest multiplex cinema chain in South Korea with branches in China, Indonesia, Myanmar, Turkey, Vietnam and the US. It operates 3,412 screens at 455 locations in seven countries including 1,111 screens at 149 locations in South Korea. CJ CGV introduced the first multiplex theatres in South Korea, and the company has been developing what it calls “cultureplex”, a space where eateries, performance halls, shops and multiplex theatres come together to provide a richer cultural experience to consumers, CGV Cheongdam Cine City, which opened in 2011 being an example. CJ CGV listed on the Korean Stock Exchange in December 2004. It is the first listed theatre chain in Korea.