REG-Anglesey Mining Plc: Parys Mountain Mine Environmental Impact Assessment (EIA) Scoping Report Approved

Anglesey MiningAnnouncement

07/01/2025 07:15

 

 

Trading Symbol

AIM: AYM

 

7 January 2025

 

Anglesey Mining plc

(“Anglesey” or “the Company”)

 

Parys Mountain Mine Environmental Impact Assessment (EIA) Scoping Report
Approved 

 

Further to the Company’s announcements on 16 August 2024 and 29 October
2024, Anglesey Mining plc (AIM:AYM), is pleased to announce that Cyngor Sir
Ynys Môn/Anglesey County Council has recently approved the Parys Mountain
Mine Environmental Impact Assessment (“EIA”) Scoping Report.

 

The North Wales Minerals and Waste Planning Service, on behalf of Cyngor Sir
Ynys Môn/Anglesey County Council (the “Planning Service”), have provided
detailed feedback and commentary on each chapter of Anglesey Mining’s
submission and Anglesey is pleased to note that the Planning Service have
stated their broad agreement with the environmental scope as presented by the
Company. There is wide acceptance of the scope of the overall methodology, how
the company has characterised potential impacts, and with the avoidance and
mitigation of potential impacts in areas such as Ecology and Biodiversity,
Visual Impact, Air Quality, Noice and Vibration, Labour and Working Conditions
and Human Health. 

 

There are three areas where there is not broad agreement and further work has
been recommended, namely: Ground and Surface Water, Cultural Heritage and
Traffic and Transportation. In each of these areas the Planning Service have
directed the company towards experts, historically completed studies and other
literature which is readily available. This additional information will be
made use of by Anglesey to enhance and further refine the scope presented.

 

With regard to the Ground and Surface Water, the Company fully intends and
expects that the re-commencement of mining and processing operations will have
a net positive impact; this view is informed by feedback previously provided
to the Company by specialist consultants on this topic. The recommendations
made will be taken on-board by the Company.

 

With regard to Cultural Heritage, it is well noted that the scheme being
proposed will not directly impact any statutorily designated sites. However,
as described in the company’s submission, the site lies almost entirely
within the Amlwch and Parys Mountain Registered Landscape of Outstanding
Historic Interest.

 

The mining and processing of metals and the logistical infrastructure to
support those activities, such that used for energy generation and the pumping
of water as well as the physical links to Amlwch Port dominate the historical
fabric of Parys Mountain. Anglesey believes that the re-commencement of such
activities will add to the long history of mining and processing at the site
and thus, as reported upon by the Planning Service, will intrinsically have a
significant impact on the historic environment.

 

In line with the feedback received from the Council, the Company will enhance
the scope of its work to ensure that it can be clearly demonstrated that the
impact will be overwhelmingly positive, that the historic character of the
landscape is sustained, and that the changes resulting from enacting the
contemplated planning application are well-informed.

 

With regard to Traffic and Transportation, the Company will make provision
within its plans to conduct a full transport assessment in line with the
recommendations made.

 

As previously noted, the Anglesey Mining team are committed to close
collaboration with stakeholders, communities, industry and supply chain,
particularly around minimising potential environmental impacts and maximising
economic development opportunities for local communities.

 

Rob Marsden, CEO of Anglesey Mining, commented: “I’m absolutely delighted
that the proposed mitigations to potential environmental impacts, put forward
by the Company, have been approved by Cyngor Sir Ynys Môn/Anglesey County
Council. I’m grateful to the North Wales Minerals and Waste Planning Service
for their diligence in forming their opinion of the scope, and for the
feedback that will make this project better for all stakeholders. There are
three areas where reasonable requests for enhancements to the scope have been
requested and Anglesey Mining is happy to comply with those requests so that a
more informed planning decision can be made.

The permitting objective of Anglesey Mining remains unchanged, that is to make
a planning application, that when enacted, will be seen to provide economic
returns to investors, job opportunities, mitigation of the impacts to the
environment and enhanced respect for, and appreciation of, the mining heritage
of Parys Mountain, thus earning us a social licence to operate.” 

 

About Anglesey Mining plc:

 

Anglesey Mining is traded on the AIM market of the London Stock Exchange and
currently has 484,822,255 ordinary shares in issue.

 

Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS
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 a 49.75% interest in the Grängesberg iron ore project in
Sweden and 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

Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111

Andrew King, Chairman – Tel: +44 (0)7825 963700

 

Davy

Nominated Adviser & Joint Corporate Broker

Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363

 

Zeus Capital Limited

Joint Corporate Broker

Katy Mitchell / Harry Ansell – Tel: +44 (0)161 831 1512

 

LEI: 213800X8BO8EK2B4HQ71

 

 

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