REG-Anglesey Mining PLC: Parys Mountain planning application update

Anglesey MiningAnnouncement

06/04/2023 07:15

Trading Symbol

AIM: AYM

6(th) 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



Copyright (c) 2023 PR Newswire Association,LLC. All Rights Reserved