Anglesey Mining plc
Half yearly report for the six months
to 30 September 2020
Chairman’s Statement and Management
Report
The period since our Annual Report in September has been very
encouraging for the minerals industry in general and for Anglesey
Mining in particular. We have made good advances on a number
of fronts and the prices of all the main metals in which we are
interested have advanced significantly. Two of our projects
have moved forward through the commissioning of development studies
and the results of both these should be available in the coming
weeks.
Share Issue and Financings
In August we reported on a private placing that raised
£200,000. Associated with that placing was the issue of a
matching number of warrants and I am pleased to report that these
warrants have all now been exercised raising an additional
£225,000, for a total of £425,000. The support shown by the new
incoming investors has been most welcome and the Company’s share
price has moved forward substantially from below 2p a share at the
time of the placing. We believe that this demonstrates
increasing support from the market and that investors are beginning
to recognise the value and potential of Anglesey’s assets.
Covid-19
Despite the continuing and pervasive presence of Covid-19
throughout the world, the effect is proving quite positive for
commodity prices. We believe that encouraging developments
with vaccines will lead to stability in general economic and
operating conditions and the inevitable stimulus relief and
infrastructure programmes will bolster demand for all metals.
Commodity Prices
Over the period, all the metals in which we have an interest
have continued to increase in price, some of them
substantially. This applies to both base metals and precious
metals and also to iron ore.
With the continuing pressure on current operating mines in some
countries because of Covid, a shortfall in supply is dominating the
base metal markets and this is likely to continue for some time to
come. This shortfall is accompanied by increasing demand from
major infrastructure and Covid relief programmes, particularly in
China, which are likely to
continue through 2021 and into 2022 and provide ongoing support for
base metal and iron ore prices.
Of particular importance to Parys Mountain is the price of
copper which will be the mainstay of the project in the long term.
Copper has made significant recent gains and now trades at over
$3.50 per pound, the highest level
for more than 7 years. This is significantly higher than the
price of $2.50 per pound that was
used in the 2017 Micon study. Similarly, zinc is now back up
to the $1.25 per pound price used in
the 2017 study. A mine at Parys Mountain would also
produce meaningful quantities of gold and silver, the prices of
which reached multi-year highs in 2020 before easing somewhat after
the US presidential election. The price outlook for these metals
remains very bullish in the face of expected worldwide deficit
spending by many governments.
Iron ore has been showing good strength over the last two years
but has been particularly strong in 2020 with 62% Fe iron fines,
which would be the main product from Labrador Iron Mines Houston
project, now trading at over $145 per
tonne CFR China. This is an increase of over 57% for the
current year. Of more importance to the Grangesberg project
in Sweden is that the premiums for
higher grade >65% Fe products continue to be supported and have
grown by over 20% during the last month.
We expect this support for all the commodities that are of
interest to Anglesey to continue as the lingering effects of the
Covid crisis, coupled with the continuation of the stimulus
programme in China and similar
projects being launched in other countries, all begin to take
effect.
Parys Mountain
At the beginning of October, we awarded a contract to Micon
International Limited (Micon) to prepare a Preliminary Economic
Assessment Report (PEA) on the Parys Mountain copper, zinc, lead,
gold and silver project located on the island of Anglesey in North
Wales. This PEA follows on from the optimisation studies
carried out by QME Mining Technical Services during the last two
years and will utilise the outcomes from the QME studies, including
capital and operating cost estimates as well as the up to 10
million tonnes of potentially mineable material identified by
QME. We hope that the PEA will confirm a mining and
production plan at a higher daily throughput and over a longer
total production life than demonstrated in Micon’s 2017 Scoping
Study. This should lead to improved financial forecasts for
the Parys Mountain project from those generated in 2017.
Micon has made good progress with this PEA and we expect to be
in a position to release details of Micon’s findings before or just
after the Christmas break.
Iron Ore
Grangesberg - Sweden
Anglesey continues to manage Grangesberg Iron AB (“GIAB”) which
holds the Grangesberg iron ore project in Central Sweden. We have made two further cash
investments into GIAB and Anglesey now holds 20% of the company
directly, together with a right of first refusal on a further 50%
holding.
Site activities have been kept at a low level but the growing
support for higher-grade iron ore like the premium product that
Grangesberg would produce have encouraged us to now actively seek
out alternative development and corporate strategies to move the
project and GIAB forward.
We believe that the superior geographic location of the
Grangesberg deposit and its projected premium product specification
could enable such alternative approaches to be beneficial for the
group in the coming periods.
Labrador - Canada
The group continues to hold a 12% interest in Labrador Iron
Mines Holdings Limited (LIM) which owns extensive iron ore
resources in the Schefferville
area of Labrador and Quebec in Canada.
LIM holds direct shipping mineral resources of approximately 55
million tonnes at an average grade of 56.8% in the Houston project. In addition LIM holds the
Elizabeth Taconite Project which has a current inferred mineral
resource estimated at 620 million tonnes at an average grade of
31.8% Fe.
LIM has recently appointed RPA of Toronto to carry out a PEA on the Houston direct shipping iron ore
project. Houston, which lies
approximately 30 kilometres south of LIM’s previous James Mine
operation, will be very similar in design and operational
characteristics to James and is therefore well understood. It
is expected that the PEA will look at an operation producing
approximately 2 million tonnes per year. The PEA is due for
completion early in 2021 and could provide the impetus to move
Houston forward to financing and
production.
LIM’s former James Mine and the Silver Yards processing facility
have been in a progressive reclamation since the termination of
mining at the James Mine in 2014. This work is now virtually
complete and has resulted in the release of several reclamation
bonds previously provided to regulatory authorities.
LIM’s Elizabeth Project represents an opportunity to develop a
major new taconite operation in the Schefferville region of the Labrador Trough
which would produce a high-grade saleable iron ore product. This
would attract premium prices in the current iron ore market.
Operations
As always, we have kept our corporate and operating costs at the
lowest level consistent with maintaining our assets in good order.
We will continue this policy going forward but we expect there will
be some increase in costs as project development activities
continue. The recent private placing and warrant exercise
financings have put Anglesey in a position to support its base
operations for the immediate future.
Financial results
The group had no revenue for the period. The loss for the six
months to 30 September 2020 was
£152,882 (2019 £156,600) and the expenditures on the mineral
property in the period were £27,827 compared to £26,527 in the
comparative period. Net current assets at 30
September 2020 were £94,895 compared to £13,572 at
31 March 2020. Since the period end a
further £225,000 gross has been raised from the exercise of
warrants.
Outlook
We have been much encouraged by the positive commodity price
outlook and increased investor interest over the last few months as
we have been moving all our projects forward. We are
confident that this recent progress will continue. We believe
that the fundamentals that have driven commodity prices upwards
will continue for the foreseeable future and will provide solid
support for our projects. We look forward to
completion by Micon of the PEA on Parys Mountain, which should see
that project move to the next development stage during 2021.
We are also confident that both LIM’s Houston and GIAB’s Grangesberg iron ore
projects will be advanced in the coming year.
We are also actively reviewing two other base metal projects in
established geographical locations and we hope that we should be
able to come to suitable working arrangements with one of these in
the coming months.
All in all, we are confident of the way forward and positive on
the outlook for Anglesey Mining for 2021.
I would like to thank shareholders for their continued and
renewed support.
John F Kearney
Chairman
10th December 2020
Unaudited condensed consolidated
income statement
|
|
Notes |
Unaudited six months ended 30 September 2020 |
Unaudited six months ended 30 September 2019 |
|
All
operations are continuing |
|
£ |
£ |
|
|
Revenue |
|
- |
- |
|
|
Expenses |
|
(68,439) |
(71,493) |
|
|
Equity-settled
employee benefits |
|
- |
- |
|
|
Investment
income |
|
50 |
60 |
|
|
Finance
costs |
|
(84,460) |
(85,190) |
|
|
Foreign exchange
movement |
|
(33) |
23 |
|
|
|
|
|
|
|
Loss before tax |
|
(152,882) |
(156,600) |
|
|
|
|
|
|
|
|
Taxation |
8 |
- |
- |
|
|
|
|
|
|
|
Loss for the period |
7 |
(152,882) |
(156,600) |
|
|
|
|
|
|
|
|
Loss per
share |
|
|
|
|
|
Basic - pence
per share |
|
(0.1)p |
(0.1)p |
|
|
Diluted - pence
per share |
|
(0.1)p |
(0.1)p |
|
|
|
|
|
|
|
Unaudited condensed consolidated
statement of comprehensive income
Loss for the period |
|
(152,882) |
(156,600) |
|
|
|
|
Other comprehensive
income |
|
|
|
|
|
|
|
Items
that may subsequently be reclassified to profit or loss: |
|
|
|
|
|
Exchange
difference on
translation of foreign holding |
|
8,747 |
(22,397) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive loss for the period |
|
(144,135) |
(178,997) |
|
|
|
|
|
|
|
|
|
|
|
All attributable to equity holders of the company
Unaudited condensed consolidated
statement of financial position
|
|
Notes |
30
September 2020 |
31
March 2020 |
|
|
|
£ |
£ |
Assets |
|
|
|
|
Non-current
assets |
|
|
|
|
Mineral property
exploration and evaluation |
9 |
15,243,550 |
15,215,723 |
|
Property, plant
and equipment |
|
204,687 |
204,687 |
|
Investments |
10 |
105,527 |
100,099 |
|
Deposit |
|
123,798 |
123,748 |
|
|
|
|
|
|
|
|
15,677,562 |
15,644,257 |
|
|
|
|
|
|
Current
assets |
|
|
|
|
Other
receivables |
|
21,957 |
16,505 |
|
Cash and cash
equivalents |
|
206,309 |
95,311 |
|
|
|
|
|
|
|
|
228,266 |
111,816 |
|
|
|
|
|
|
|
|
|
|
Total assets |
|
15,905,828 |
15,756,073 |
|
|
|
|
|
Liabilities |
|
|
|
|
Current
liabilities |
|
|
|
|
Trade and other
payables |
|
(133,371) |
(98,244) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(133,371) |
(98,244) |
|
|
|
|
|
|
Net current
assets |
|
94,895 |
13,572 |
|
|
|
|
|
|
Non-current
liabilities |
|
|
|
|
Loans |
|
(4,056,656) |
(3,981,893) |
|
Long term
provision |
|
(50,000) |
(50,000) |
|
|
|
|
|
|
|
|
(4,106,656) |
(4,031,893) |
|
|
|
|
|
Total liabilities |
|
(4,240,027) |
(4,130,137) |
|
|
|
|
|
|
|
|
|
|
Net assets |
|
11,665,801 |
11,625,936 |
|
|
|
|
|
Equity |
|
|
|
|
Share
capital |
11 |
7,505,591 |
7,380,591 |
|
Share
premium |
|
10,317,309 |
10,258,309 |
|
Currency
translation reserve |
|
(71,719) |
(80,466) |
|
Retained
losses |
|
(6,085,380) |
(5,932,498) |
|
|
|
|
|
|
|
|
|
|
Total
shareholders' funds |
|
11,665,801 |
11,625,936 |
|
|
|
|
|
All attributable to equity holders of the company
Unaudited condensed consolidated
statement of cash flows
|
|
Notes |
Unaudited six months ended 30 September 2020 |
Unaudited six months ended 30 September 2019 |
|
|
|
|
£ |
£ |
|
Operating activities |
|
|
|
|
|
Loss for the
period |
|
(152,882) |
(156,600) |
|
|
Adjustments
for: |
|
|
|
|
|
Investment
income |
|
(50) |
(60) |
|
|
Finance
costs |
|
84,460 |
85,190 |
|
|
Foreign exchange
movement |
|
33 |
(23) |
|
|
|
|
|
|
|
|
|
|
(68,439) |
(71,493) |
|
|
Movements in
working capital |
|
|
|
|
|
(Increase) in
receivables |
|
(5,153) |
(4,733) |
|
|
Increase/(decrease) in payables |
|
27,862 |
(7,751) |
|
|
|
|
|
|
|
Net
cash used in operating activities |
|
(45,730) |
(83,977) |
|
|
|
|
|
|
|
Investing activities |
|
|
|
|
|
Mineral property
exploration and evaluation |
|
(21,811) |
(30,487) |
|
|
Investment |
|
(5,428) |
- |
|
|
|
|
|
|
|
Net
cash used in investing activities |
(27,239) |
(30,487) |
|
|
|
|
|
|
|
Financing activities |
|
|
|
|
|
Issue of share
capital |
|
184,000 |
170,000 |
|
|
Loan
received |
|
- |
100,000 |
|
|
|
|
|
|
|
Net
cash generated from financing activities |
|
184,000 |
100,000 |
|
|
|
|
|
|
|
Net
increase in cash and cash equivalents |
111,031 |
155,560 |
|
Cash
and cash equivalents at start of period |
|
95,311 |
6,012 |
|
Foreign exchange movement |
|
(33) |
23 |
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
|
206,309 |
161,595 |
|
|
|
|
|
|
|
All attributable to equity holders of the company
Unaudited condensed consolidated
statement of changes in group equity
|
Share
capital
£ |
Share
premium
£ |
Currency translation reserve
£ |
Retained losses
£ |
Total
£ |
Equity at 1 April 2020
- audited |
7,380,591 |
10,258,309 |
(80,466) |
(5,932,498) |
11,625,936 |
Total
comprehensive
income for the period: |
|
|
|
|
|
Exchange difference
on
translation of foreign holding |
- |
- |
8,747 |
-
|
8,747 |
Loss for the
period |
- |
- |
- |
(152,882) |
(152,882) |
Total
comprehensive
income for the period |
- |
- |
8,747 |
(152,882) |
(144,135) |
|
|
|
|
|
|
Shares issued |
125,000 |
75,000 |
- |
- |
200,000 |
Share issue
expenses |
- |
(16,000) |
- |
- |
(16,000) |
|
|
|
|
|
|
Equity at
30 September 2020 - unaudited |
7,505,591 |
10,317,309 |
(71,719) |
(6,085,380) |
11,665,801 |
|
|
|
|
|
|
Comparative
period |
|
|
|
|
|
Equity at 1 April 2019
- audited |
7,286,914 |
10,171,986 |
(57,116) |
(5,627,988) |
11,773,796 |
|
|
|
|
|
|
Total
comprehensive
income for the period: |
|
|
|
|
|
Exchange difference
on
translation of foreign holding |
- |
- |
(22,397) |
- |
(22,397) |
Loss for the
period |
- |
- |
- |
(156,600) |
(156,600) |
Total
comprehensive
income for the period |
- |
- |
(22,397) |
(156,600) |
(178,997) |
|
|
|
|
|
|
Shares issued |
93,677 |
106,323 |
- |
- |
200,000 |
Share issue
expenses |
- |
(30,000) |
- |
- |
(30,000) |
|
|
|
|
|
|
Equity at
30 September 2019 - unaudited |
7,380,591 |
10,248,309 |
(79,513) |
(5,784,588) |
11,764,799 |
All attributable to equity holders of the company
Notes to the accounts
1. Basis of preparation
This half-yearly financial report comprises the unaudited
condensed consolidated financial statements of the group for the
six months ended 30 September 2020.
It has been prepared in accordance with the Disclosure and
Transparency Rules of the Financial Conduct Authority, the
requirements of IAS 34 - Interim financial reporting (as adopted by
the European Union) and using the going concern basis. The
directors are not aware of any events or circumstances which would
make this inappropriate. It was approved by the board of directors
on 10 December 2020. It does not
constitute financial statements within the meaning of section 434
of the Companies Act 2006 and does not include all of the
information and disclosures required for annual financial
statements. It should be read in conjunction with the annual report
and financial statements for the year ended 31 March 2020 which is available on request from
the company or may be viewed at www.angleseymining.co.uk.
The financial information contained in this report in respect of
the year ended 31 March 2020 has been
extracted from the report and financial statements for that year
which have been filed with the Registrar of Companies. The report
of the auditors on those accounts did not contain a statement under
section 498(2) or (3) of the Companies Act 2006 and was not
qualified. The half-yearly results for the current and comparative
periods have not been audited or reviewed.
2. Significant accounting policies
The accounting policies applied in these unaudited condensed
consolidated financial statements are consistent with those set out
in the annual report and financial statements for the year ended
31 March 2020.
New accounting standards
Standards, amendments and
interpretations adopted in the current financial period:
The adoption of the following standards, amendments and
interpretations in the current financial period has not had a
material impact on the financial statements of the group or the
company.
IFRS 9 Financial Instruments (Amendment)
IFRS 16 Leases
IFRIC 23 Uncertainty over Income Tax Treatments
IAS 19 Employee Benefits (Amendment) Plan Amendment
IAS 28 Investments in Associates and Joint Ventures
(Amendment)
Standards, amendments and
interpretations in issue but not yet effective:
|
Effective date |
Amendments to IAS 1 and IAS 8:
Definition of Material |
1 January 2020 |
Amendment to IFRS 3 Business
Combinations: Definition of a Business |
1 January 2020 |
Conceptual Framework (Revised) and
amendments to related references in IFRS Standards |
1 January 2020 |
IFRS 17 Insurance Contracts |
Expected date not available |
The adoption of the above standards and interpretations is not
expected to lead to any changes to the group’s accounting policies
or have any other material impact on the financial position or
performance of the group.
There have been no other new or revised International Financial
Reporting Standards, International Accounting Standards or
Interpretations that are in effect since that last annual report
that have a material impact on the financial statements.
3. Risks and uncertainties
The principal risks and uncertainties set out in the group's
annual report and financial statements for the year ended
31 March 2020 remain the same for
this half-yearly financial report and can be summarised as:
development risks in respect of mineral properties, especially in
respect of permitting and metal prices; liquidity risks during
development; and foreign exchange risks. More information is to be
found in the 2020 annual report – see note 1 above.
4. Statement of directors' responsibilities
The directors confirm to the best of their knowledge that:
(a) the unaudited condensed consolidated financial statements
have been prepared in accordance with the requirements of IAS 34
Interim financial reporting (as adopted by the European Union);
and
(b) the interim management report includes a fair review of the
information required by the FCA's Disclosure and Transparency Rules
(4.2.7 R and 4.2.8 R).
This report and financial statements were approved by the board
on 10 December 2020 and authorised
for issue on behalf of the board by Bill
Hooley, chief executive officer and Danesh Varma, finance director.
5. Activities
The group is engaged in mineral property development and
currently has no turnover. There are no minority interests or
exceptional items.
6. Earnings per share
The loss per share is computed by dividing the loss attributable
to ordinary shareholders of £0.153 million (loss to 30 September 2019 £0.157m), by 189,571,360 (2019
– 184,569,825) - the weighted average number of ordinary shares in
issue during the period. Where there are losses the effect of
outstanding share options is not dilutive.
7. Business and geographical segments
There are no revenues. The cost of all activities charged in the
income statement relates to exploration and development of mining
properties. The group's income statement and assets and liabilities
are analysed as follows by geographical segments, which is the
basis on which information is reported to the board.
Income statement analysis
|
|
|
|
|
|
|
Unaudited six months ended 30 September 2020 |
|
|
UK |
Sweden
- investment |
Canada
- investment |
Total |
|
|
£ |
£ |
£ |
£ |
|
Expenses |
(68,439) |
- |
- |
(68,439) |
|
Investment income |
50 |
- |
- |
50 |
|
Finance costs |
(77,117) |
(7,343) |
- |
(84,460) |
|
Exchange rate
movements |
- |
(33) |
- |
(33) |
|
|
|
|
|
|
|
Loss for the
period |
(145,506) |
(7,376) |
- |
(152,882) |
|
|
|
|
|
|
|
Unaudited six months ended 30 September 2019 |
|
UK |
Sweden
- investment |
Canada
- investment |
Total |
|
£ |
£ |
£ |
£ |
Expenses |
(71,493) |
- |
- |
(71,493) |
Investment income |
60 |
- |
- |
60 |
Finance costs |
(77,048) |
(8,142) |
- |
(85,190) |
Exchange rate
movements |
- |
23 |
- |
23 |
|
|
|
|
|
Loss for the
period |
(148,481) |
(8,119) |
- |
(156,600) |
Assets and liabilities
` |
30 September 2020 |
|
UK |
Sweden
investment |
Canada
investment |
Total |
|
£ |
£ |
£ |
£ |
Non current
assets |
15,572,035 |
105,526 |
1 |
15,677,562 |
Current assets |
227,117 |
1,149 |
- |
228,266 |
Liabilities |
(3,921,276) |
(318,751) |
- |
(4,240,027) |
|
|
|
|
|
Net
assets/(liabilities) |
11,877,876 |
(212,076) |
1 |
11,665,801 |
|
|
|
|
|
|
Audited 31 March 2020 |
|
UK |
Sweden
investment |
Canada
investment |
Total |
|
£ |
£ |
£ |
£ |
Non current
assets |
15,544,158 |
100,098 |
1 |
15,644,257 |
Current assets |
110,716 |
1,100 |
- |
111,816 |
Liabilities |
(3,809,032) |
(321,105) |
- |
(4,130,137) |
|
|
|
|
|
Net
assets/(liabilities) |
11,845,842 |
(219,907) |
1 |
11,625,936 |
8. Deferred tax
There is an unrecognised deferred tax asset of £1.3 million
(31 March 2020 - £1.3m) which, in
view of the group's results, is not considered to be recoverable in
the short term. There are also capital allowances, including
mineral extraction allowances, exceeding £12.8 million (unchanged
from 31 March 2020) unclaimed and
available. No deferred tax asset is recognised in the condensed
financial statements.
9. Mineral property exploration and evaluation costs
Mineral property exploration and evaluation costs incurred by
the group are carried in the unaudited condensed consolidated
financial statements at cost, less an impairment provision if
appropriate. The recovery of these costs is dependent upon the
successful development and operation of the Parys Mountain project
which is itself conditional on finance being available to fund such
development. During the period expenditure of £27,827 was incurred
(six months to 30 September 2019 -
£26,527). There have been no indicators of impairment during the
period.
10. Investments
|
Labrador |
Grangesberg |
Total |
|
£ |
£ |
£ |
At 1 April
2019 |
1 |
97,794 |
97,795 |
Change during the
period |
- |
2,304 |
2,304 |
At 31 March
2020 |
1 |
100,098 |
100,099 |
Change during the
period |
- |
5,428 |
5,428 |
|
|
|
|
At 30 September
2020 |
1 |
105,526 |
105,527 |
|
|
|
|
Labrador: The
group’s investment is classified as ‘unquoted’ and is held at a
nominal value of £1.
Grangesberg: At the date of these statements the
group has a 20.0% (10% at 31 March
2020) holding in Grangesberg Iron AB (an unquoted Swedish
company) and a right of first refusal over shares amounting to a
further 51% of that company. This investment has been initially
recognised and subsequently measured at cost, on the basis that the
shares are not quoted and a reliable fair value is not able to be
estimated. During the period the group subscribed for new shares in
GIAB and obtained further shares in exchange for services provided
by it to Grangesberg.
11. Share capital
|
Ordinary shares of
1p |
Deferred shares of
4p |
Total |
|
Issued and
fully paid |
Nominal
value £ |
Number |
Nominal
value £ |
Number |
Nominal
value £ |
|
|
|
|
|
|
|
|
At 1 April 2020 |
1,869,758 |
186,975,732 |
5,510,833 |
137,770,835 |
7,380,591 |
|
Issued in the
period |
125,000 |
12,500,000 |
|
|
125,000 |
|
|
|
|
|
|
|
|
At 30 September
2020 |
1,994,758 |
199,475,732 |
5,510,833 |
137,770,835 |
7,505,591 |
|
|
|
|
|
|
|
|
The deferred shares are non-voting, have no entitlement to
dividends and have negligible rights to return of capital on a
winding up.
On 24 August 2020 a placing of
12.500,000 new ordinary shares was made to an institution,
representing approximately 6.3% of the company’s then current
issued share capital, at 1.6 pence
per share to raise a total of £200,000 gross and £184,000 net.
Together with that placing warrants that could raise an additional
£225,000 gross during the following 12 months were granted to the
same institution. All of these warrants had been exercised by the
date of these statements.
12. Financial instruments
Group |
Financial assets classified at fair value through
other comprehensive income |
Financial assets measured at amortised
cost |
|
30 September 2020 |
31 March 2020 |
30 September 2020 |
31 March 2020 |
|
£ |
£ |
£ |
£ |
Investments |
105,527 |
102,403 |
- |
- |
Deposit |
- |
- |
123,798 |
123,748 |
Other
receivables |
- |
- |
21,957 |
16,505 |
Cash and cash
equivalents |
- |
- |
206,309 |
95,311 |
|
- |
- |
|
|
|
105,527 |
102,403 |
352,064 |
235,564 |
|
|
|
|
|
|
Financial liabilities measured at amortised
cost |
|
|
|
30 September 2020 |
31 March 2020 |
|
|
|
£ |
£ |
|
|
Trade
payables |
(12,299) |
(13,537) |
|
|
Other
payables |
(121,072) |
(84,707) |
|
|
Loans |
(4,056,656) |
(3,981,893) |
|
|
|
|
|
|
|
|
(4,190,027) |
(4,080,137) |
|
|
|
|
|
|
|
13. Events after the reporting period
None.
14. Related party transactions
None.
Anglesey Mining plc
Directors:
John
Kearney
Chairman
Bill
Hooley
Chief executive
Danesh Varma
Finance director
Howard Miller
Non executive
Parys Mountain site: Parys Mountain, Amlwch, Anglesey, LL68
9RE Phone 01407 831275
London office: Painter's Hall
Chambers, 8 Little Trinity Lane, London, EC4V 2AN Phone 020 7062
3782
Registered office: Tower Bridge House, St. Katharine's Way,
London, E1W 1DD
Web site:
www.angleseymining.co.uk
E-mail: mail@angleseymining.co.uk
Shares listed on the London Stock Exchange -
LSE:AYM
Company registration number 1849957
Share registrars: Link Asset Services
www.linkassetservices.com