REG - Anglesey Mining PLC - Resignation of Chief Executive Officer

Anglesey MiningAnnouncement

05/10/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231005:nRSE7437Oa&default-theme=true

RNS Number : 7437O  Anglesey Mining PLC  05 October 2023

 

 

Trading Symbol

AIM: AYM

 

5(th) October 2023

 

This announcement contains inside information

 

Anglesey Mining plc

("Anglesey" or "the Company")

 

Resignation of Chief Executive Officer

 

Anglesey Mining plc (AIM: AYM), the UK minerals development company, announces
that Jonathan (Jo) Battershill has informed the Board of his resignation as
Chief Executive Officer of the Company in order to take up a position as
Managing Director of Silver Mines Limited, an ASX-listed, silver development
company, in Australia, in which he is currently a Non-Executive Director,
effective 1(st) January 2024.

 

A process to appoint a successor will commence immediately. Jo has agreed to
remain in his role as CEO until 31 December 2023 to manage the current work
programs and to assist with the smooth transition to a new CEO. Jo will also
continue on the Board of the Company as a Non-Executive Director thereafter.

 

Current and pending work programs in the Company include:

 

-      Northern Copper Zone infill drilling at Parys Mountain, with the
drilling rig scheduled to arrive on site the week of 16(th) October;

 

-      Metallurgical test work for the White Rock and Engine Zones, which
includes a trade-off study between the Dense Media Separation and X-Ray
Transmission preconcentration processes;

 

-      Ongoing studies for the Environmental and Social Impact Assessment
for the Parys Mountain project; and

 

-      Gap analysis for the environmental baseline studies at the
Grängesberg iron ore project in Sweden.

 

John F Kearney, Chairman of Anglesey Mining, commented: "On behalf of the
Board of Directors, I thank Jo for his efforts on Parys Mountain and
Grängesberg since joining Anglesey in 2021, which have seen both projects
advance significantly, and we wish him well in his new role with Silver Mines.
"

"We are pleased that Jo has agreed to continue as a Non-Executive Director of
Anglesey, and we look forward to his ongoing contributions to the Company in
the future."

"We expect to commence a search for a new CEO imminently and appreciate Jo's
commitment to advancing the projects while ensuring a smooth transition to a
new CEO over the coming months."

About Anglesey Mining plc

Anglesey Mining is traded on the AIM market of the London Stock Exchange and
currently has 420,093,017 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.

The person responsible for arranging for the release of this announcement on
behalf of Anglesey is John Kearney, Chairman.

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

Danesh Varma, Chief Financial Officer - Tel + 44 (0) 77409 32766

 

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGZMGGZDRGFZZ