Trading Symbol
AIM: AYM
6th April 2023
Anglesey Mining
plc
(“Anglesey” or
“the Company”)
Parys Mountain
planning application update
Anglesey Mining plc (AIM:AYM), the UK minerals development
company, is pleased to provide an update to the ongoing planning
application process for its Parys Mountain Cu-Zn-Pb-Ag-Au project
located on the Isle of Anglesey.
- The Parys Mountain project benefits from several existing
planning permissions valid until 2028. However, given changes to
the Town & Country Planning Act and to environmental
regulations since the grant of these extant permissions, the
Company has committed to updating the relevant permissions to
enable consent
- As a former operating mine, the project is classified as a
Dormant Site, which requires a Pre-Application Inquiry submission
to the North Wales Mineral Planning Authority. This Pre-Application
Inquiry was submitted in 2022
- Subsequent to the Pre-Application submission, the Company was
required to arrange a Pre-Application Inquiry meeting with the
Mineral Planning Authority and a number of statutory consultees
including Natural Resources Wales, Cadw, Anglesey County Council
Departments (including Environmental Health, Highways &
Transportation, Ecology & Environment and Heritage),
Archaeological Planning Services, local councillors and members of
both Westminster and Welsh
governments. This Pre-Application Consultation occurred on site and
in the local town of Amlwch yesterday (5
April 2023)
- The proposal presented to those attending the Pre-Application
Inquiry meeting is based on Case C from the Preliminary Economic
Assessment announced in January 2021
– mined output increasing to 1Mtpa with an initial 12-year life.
There are some differences to the original planning permissions
including increasing the overall size of the consent area, excising
all historical areas of activity categorised as important heritage
sites and converting the proposed tailings from hydraulic
valley-fill to dry stack
- The planning process allows for the statutory consultees to
respond to the proposal with any concerns or queries regarding the
project details. Subsequent to this consultation, the Company
anticipates it will be required to complete an Environmental Impact
Assessment
Jo Battershill, Chief
Executive of Anglesey Mining, commented: “Our Company takes
the regulatory, environmental and social aspects of the industry
very seriously as the combination of these elements will ultimately
provide Anglesey Mining with its licence to operate. Regular
communication with the key stakeholders of any project is critical
to successful permitting and planning consent, and for a large
number of the statutory consultees that attended the
Pre-Application Consultation on site yesterday this was their first
exposure to the project and the Company’s proposal.”
“Our internal planning has been factoring in a requirement to
complete an Environmental Impact Assessment and the programmes for
this commenced in the first half of last year. Consequently, the
baseline surveys and ecological studies are both well advanced and
understood. The work required to further advance these programmes
will continue over the course of this year.”
About Anglesey Mining plc
Anglesey Mining is traded on the AIM market of the London Stock
Exchange and currently has 295,220,548 ordinary shares on
issue.
Anglesey is developing its 100% owned Parys Mountain
Cu-Zn-Pb-Ag-Au 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 an almost 50% interest in the Grängesberg Iron
project in Sweden, together with
management rights and a right of first refusal to increase its
interest to 100%. Anglesey also holds 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
Jo Battershill, Chief Executive –
Tel: +44 (0)7540 366000
John Kearney, Chairman – Tel: +1 416
362 6686
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly –
Tel: +353 1 679 6363
WH Ireland
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0) 207 220 1666
LEI: 213800X8BO8EK2B4HQ71