REG-Anglesey Mining PLC: Appointment of two new Non-Executive directors

Anglesey MiningAnnouncement

20/12/2021 11:45

Trading Symbol

LSE: AYM

20th December 2021

Anglesey Mining plc

(“Anglesey” or “the Company”)

Appointment of two new Non-Executive directors

Anglesey Mining plc (LSE:AYM), the UK minerals development company, is
extremely pleased to announce that Namrata Verma and Andrew King have been
appointed as independent, Non-Executive Directors with immediate effect.

After an extensive search, Anglesey Mining has appointed two experienced
minerals industry executives to the Board as independent directors to guide
the management team in the development of the Parys Mountain and Grangesberg
Iron projects.  Their combined experience in the financing sector of the
minerals industry worldwide will be invaluable in the successful future
funding of both projects.
* Namrata Verma is an experienced corporate finance executive with strong
credentials in advising metals and mining companies with assets at the
pre-feasibility and feasibility stages on project bankability, growth
strategies, funding options, and financing execution.

 She is the founder of Terrafranca Advisory, which was set up in 2015 to
provide independent debt financing advice to early-stage and small and mid-cap
mining companies and investors. She has advised on bankability considerations,
debt structuring, and arranging on numerous mining projects in Europe and
Africa.

 Namrata previously had more than a decade of experience at Standard Chartered
Bank, in Asia and the UK, where she was a director in the mining finance team
focused on advising and arranging project and structured debt financing,
acquisition financing and working capital funding for mining and metals
clients. Namrata holds a Bachelor of Engineering from Nanyang Technological
University, Singapore and an MBA from London Business School, UK.
  
* Andrew King is a proven business leader with more than 25 years’
experience in the mining and metals sector where his management experience has
encompassed strategic, financial and operational oversight. He is currently
Managing Director of Scanmetals A/S, a specialist metal recycling business
based in both the UK and Denmark, and prior thereto he was Group
Director-Business Development at Amalgamated Metal Corporation Plc.

 For fifteen years Andrew held various roles with Standard Bank plc, including
Head of Resource Banking, Global Co-Head Investment Banking, and Chief
Executive Standard Bank Asia. Earlier in his career he worked with BMO Nesbitt
Burns and Warrior International. Other directorships have included Avnel Gold
Mining Limited and Rame Energy plc. Andrew obtained a BSc in Metallurgical
Engineering from the University of the Witwatersrand, South Africa and an MBA
from London Business School, UK.
John Kearney, Chairman of Anglesey Mining, commented:

“We are particularly pleased that Namrata and Andrew have agreed to join our
Board. They will strengthen and enhance the Board and will bring very
extensive and relevant experience and the highest of reputations in their own
particular sectors. It is a testament to the opportunity in Anglesey’s
assets that after significant due diligence on each of their parts they both
have agreed to join Anglesey to be part of our ongoing journey.”

“We look forward to Namrata and Andrew working with us and with our new
Chief Executive Jo Battershill, to provide major input and guidance into our
project development and funding activities in the near future.”

About Anglesey Mining plc

Anglesey Mining is listed on the London Stock Exchange and currently has
248,070,732 ordinary shares on issue.

Anglesey is developing its 100% owned Parys Mountain copper-zinc-lead 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, and management rights to the
Grangesberg Iron project in Sweden, together with a right of first refusal to
increase its interest by a further 50.1%.  Anglesey also holds 12% of
Labrador Iron Mines Holdings Limited which holds direct shipping iron ore
deposits in Labrador and Quebec.

 

For further information, please contact:

John Kearney, Chairman + 1 416 362 6686

Jo Battershill, Chief Executive +44 (0)7540 366000

LEI: 213800X8BO8EK2B4HQ71



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