Anglesey Mining PLC Parys Mountain planning application update

 
TIDMAYM 
 
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 
 
 
 
END

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April 06, 2023 02:00 ET (06:00 GMT)

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