AYM Anglesey Mining Plc

 
TIDMAYM 
 
Anglesey Mining plc                  LSE:AYM 
 
Results of Annual General Meeting and update on progress 
 
At the Annual General Meeting of Anglesey Mining plc held in London today, all 
of the resolutions put before the meeting were passed. David Lean, Howard Miller 
and Danesh Varma were re-elected as directors. Details of voting are on the 
company's website at www.angleseymining.co.uk 
 
John Kearney the chairman addressed the meeting and reported the satisfactory 
progress being made by Labrador Iron Mines Holdings (TSX:LIM), the company's 50% 
owned associate, which was progressing the development of its iron ore deposits 
in eastern Canada. 
 
He expressed his confidence that the revised Environmental Impact Statement 
filed with the Government of Newfoundland and Labrador on 21 August 2009 would 
result in regulatory approval for the proposed operations which remained on 
track to commence commercial production in the middle of 2010. 
 
A presentation on developments in Labrador was given. The key points of this 
presentation were: 
 
  ·    A further 1,000 metres of drilling has been completed since the statement 
       made on 22 September 2009 and exploration for the year is expected to be 
       completed by mid-October 
 
  ·    Metallurgical testwork has indicated that a high grade product with low 
       levels of deleterious elements can be produced 
 
  ·    Subject to timely project release from the Government of Newfound and 
       Labrador the project is on track for first commercial production during 
       the summer of next year. 
 
The chairman further noted that following the fall in iron ore prices after the 
downturn of 2008, prices had recovered (driven by strong demand from China) and 
that the outlook for iron ore demand remains positive. He also commented on 
recent broker reports in respect of LIM. Copies of all relevant research of 
which the company is aware and permitted to publish can be found on the 
website. 
 
In respect to the group's Parys Mountain copper, lead and zinc property in North 
Wales, John Kearney stated that he had been encouraged by recent recoveries in 
base metal prices which, if consolidated and improved, would result in further 
efforts being made by the group to unlock the value of the Parys Mountain 
project. The group would also use this opportunity to source additional projects 
within its commodity and regional experience. 
 
 
About Anglesey Mining 
 
Anglesey Mining plc is a UK based company listed on the London Stock Exchange 
with a 50% interest in a 90 million ton iron ore project in Labrador, Canada, 
which is under active development towards mining production in 2010. The company 
also holds the Parys Mountain base metals project with a historical resource of 
7.7 million tonnes at 9.3% combined copper, lead and zinc in Anglesey, UK. 
 
For further information: 
Bill Hooley, Chief Executive          +(44) 1492 541981 
Ian Cuthbertson, Finance Director     +(44) 1248 361333 
 

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