Trading Symbol
AIM: AYM
27th July 2022
Anglesey Mining
plc
(“Anglesey” or
“the Company”)
Parys Mountain
Tailings Management System Work Commences
Anglesey Mining plc (AIM:AYM), the UK minerals development
company, is pleased to announce the engagement of Knight Piésold to
commence both the design stage for the Tailings Management System
at Parys Mountain and the geotechnical assessment of the
underground development.
- The initial Tailings Scoping Study will comprise a high-level
assessment for the Parys Mountain Tailings Management System
(TMS).
- Extensive pre-existing site data will be assessed including
existing hydrogeological, geochemical, geotechnical, geological,
and mining information.
- Following the data review and recent site visit by engineers
from Knight Piésold, storage methods to be considered will include
filtered stacking (dry stack) and conventional.
- The subsequent stages will include an evaluation of the
preferred storage method followed by a detailed Feasibility
Study.
- On the geotechnical front, Knight Piésold has also commenced
the logging of the recently drilled and orientated core and
analysis of the data (including digitally collected acoustic
televiewer information) to assist with rock mass characterisation
and development of a basic ground-support model.
Jo Battershill, Chief
Executive of Anglesey Mining, commented: “Knight Piésold are
one of the World’s leading geotechnical and engineering consultants
for tailings storage solutions and we look forward to working with
them closely through the design and implementation process at Parys
Mountain.”
“The commencement of the tailings
storage facility design stage is a very important aspect of the
Parys Mountain work programme and a key element of the overall
permitting process. Building on the extensive studies and site
monitoring from previous years, the Parys Mountain mine plan is
being designed to optimise extraction from the underground mine but
at the same time minimise the volume of tailings and overall visual
impact. When combined with the highest modern standards of tailings
management we expect Parys Mountain to have negligible adverse
impact on the surrounding environment.
“Equally, while the geotechnical
conditions experienced in the underground development from 1989-91
were considered excellent, modelling of geotechnical domains
requires updating and will feed into the next round of mine
optimisation work to assist in maximising underground spans and
potential extraction rates.”
About Anglesey Mining plc
Anglesey Mining is traded on the AIM market of the London Stock
Exchange and currently has 280,175,721 ordinary shares on
issue.
Anglesey is developing its 100% owned Parys Mountain
Cu-Zn-Pb-Ag-Au deposit in North
Wales, UK with a 2020 reported resource of 5.2 million
tonnes at 4.3% combined base metals in the Indicated category and
11.7 million tonnes at 2.8% combined base metals in the Inferred
category.
Anglesey holds an almost 20% interest in the Grangesberg Iron
project in Sweden, together with
management rights and a right of first refusal to increase its
interest to 70%. Anglesey also 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.
For further information, please
contact:
Anglesey Mining plc
Jo Battershill, Chief Executive –
Tel: +44 (0)7540 366000
John Kearney, Chairman – Tel: +1
647 728 4106
Davy
Nominated Adviser & Joint Company
Broker
Brian Garrahy / Lauren O’Sullivan
– Tel: +353 1 679 6363
WH Ireland
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0) 207 220 1666
Canaccord Genuity Limited
Joint Company Broker
James Asensio / Harry Rees – Tel: +44 (0) 20 7523 8000
Scout Advisory Limited
Investor Relations Consultant
Sean Wade – Tel: +44 (0) 7464
609025
LEI: 213800X8BO8EK2B4HQ71