REG-Anglesey Mining Plc: Operational Update

Anglesey MiningAnnouncement

26/05/2026 07:05

 

26          th           May 2026

Anglesey Mining plc

("Anglesey"                     or the                      "Company")

Operational Update

Anglesey Mining plc (AIM: AYM), the UK-based mineral exploration and
development company and the 100% owner of the Parys Mountain Cu-Zn-Pb-Ag-Au
VMS project in Anglesey, North Wales, is pleased to announce an operational
update.

Highlights:
*            Appointment of Andrew Fulton, a Chartered Mining Engineer (C.Eng,
FIMMM), as CEO          
*            Commencement of preliminary geo-spatial analysis          
*            Initial phase of the drone-operated aero-geophysics
(aero-magnetics) programme completed          
*            Pivotal six-month period: Board reorganisation, injection of
capital and significantly reduced debt
 

CEO Appointment

Following today's earlier announcement, Andrew Fulton, a Chartered Mining
Engineer (C.Eng, FIMMM) with more than 30 years of global experience in
developing and managing mineral projects, has joined the Board as CEO. He will
focus on team formation and leadership, aligning technical, operational, and
commercial capabilities with a strategic emphasis on due diligence,
turnaround, and growth.

Geo-Spatial Analysis

Anglesey is pleased to announce the engagement of Satellite Applications
Catapult of Harwell, Oxfordshire, UK ("Catapult"), to provide a preliminary
geo-spatial analysis as an exploration method with a view to delineating
Volcanogenic Massive Sulphide ("VMS") extensions in and around the Company's
Parys Mountain site. This work, which involves a non-intrusive exploration
method, utilises an orbiting satellite to relay images to Catapult, from where
sub-surface images are analysed. The method, albeit semi-qualitative and
semi-quantitative, can delineate surface targets for follow-up ground
exploration. This work is currently ongoing and is estimated to be completed
within eight weeks.

Completion of Aero-Geophysical Survey

The Company is also pleased to report that the initial phase of the Company's
drone-operated aero-geophysics (aero-magnetics) programme, undertaken by
JBUAS, has been completed. The initial results strongly suggest VMS extensions
along the flight paths; these are very encouraging. Although the results are
semi-quantitative and semi-qualitative, the detected anomalies are not
dissimilar to those associated with known polymetallic mineralisation at Parys
Mountain. Catapult will incorporate the aero-magnetic images into their work,
which is expected to produce a more comprehensive conclusion.

Both the geo-spatial programme and aero-magnetics represent cost-effective
exploratory tools that allow the Company to focus on ground-based exploration.

Key Recent Milestones

Anglesey would also like to remind shareholders of key corporate achievements
since December last year, a period which has had a profound and positive
impact on the direction of the Company:
*            On the 11           th            December 2025, Anglesey's
largest shareholder, Energold Minerals Inc. (24.4%), invested a further
£350,000 via a warrant exercised priced (post-consolidation) at 7.6 pence.   
      
*            On the 25           th            February 2026, the Company
reported that £4,000,000 of debt had been eliminated in return for the
Company's holdings in both `LIM' and Grangesberg, allowing the Board to focus
on its one remaining key asset, the 100% owned Parys Mountain project.        
 
*            On the 9           th            March 2026, the Company raised
gross funds of £680,000 at 6 pence per share with a one-for-one warrant
priced at 7 pence and valid until 2           nd            March 2027.       
  
*            On the 6           th            May 2026, the Company announced
pertinent Board changes to strategically pivot and progress the Company.
 

The Company has only c.£100,000 debt remaining, post its capital
restructuring and has a clear mandate to further explore and advance its Parys
Mountain asset.

 

Jim Williams, Executive Chairman of Anglesey, commented:

"                    We are pleased to present an operational update following
the earlier news regarding our new CEO. Parys Mountain represents a
significant copper deposit, along with other base and precious metals. With
copper demand forecast to increase, there is no better time to work in
parallel to expand the resource base and advance the development initiative to
build a mine at Parys Mountain. The upside potential to increase the resources
at Parys Mountain is self-evident, and the down-dip extension of, for example,
the Northern Copper Zone, is significant when an analysis of typical VMS
deposits is considered.

 

"We are essentially debt-free for the first time in a very long time, and
maximum emphasis will now be placed on disseminating pertinent news out
promptly to bring Anglesey to the forefront of the local and investor
community. To support, we have appointed a Financial & Media Relations agency,
well-known within the sector."

 

Qualified Person

Eur. Ing. Jim Williams, BSc, MSc, D.I.C., FIMMM, CEng., CGeol., the Executive
Chairman of Anglesey Mining,                      a "Competent Person" as
defined in the AIM guidelines of the London Stock Exchange, and a "Qualified
Person" as defined in the Canadian National Instrument 43-101 ("NI 43-101"),
has reviewed and approved the information in this release.

 

For further information, please visit the Company's website:                  
               www.angleseymining.co.uk

 

-Ends-

 

For further information, please contact:

 

Anglesey Mining plc (via Yellow Jersey PR Limited)

Jim Williams, Executive Chairman

angleseymining@yellowjerseypr.com

 

Davy

Nominated Adviser & Joint Corporate Broker

Brian Garrahy/Daragh O'Reilly

Tel: +353 1 679 6363

 

AlbR Capital Limited

Joint Corporate Broker

Lucy Williams/Duncan Vasey

Tel: +44 (0)20 7562 0930

 

Yellow Jersey PR Limited

Financial & Media Relations

Dominic Barretto/Shivantha Thambirajah

Tel: +44 (0)20 3004 9512

 

About Anglesey Mining plc:

Anglesey is advancing the UK's largest copper project at the 100% owned Parys
Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales.

 

 

 

 



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