Trading
Symbol
AIM:
AYM
16 August 2024
Anglesey
Mining plc
(“Anglesey”
or “the Company”)
Submission
of Parys Mountain
Mine
Environmental
Impact Assessment Scoping Report
Anglesey
Mining plc (AIM:AYM), is pleased to announce that it has reached an
important project milestone with the formal submission on
31st
July 2024 of the Parys Mountain Mine Environmental Impact
Assessment (EIA) Scoping Report to the North Wales Minerals and
Waste Planning Service (the “Planning Service”) as part of a formal
EIA Scoping Opinion request. The Planning Service assesses mineral
planning applications on behalf of the Isle of Anglesey County
Council and other County Councils within the North Wales
Region.
The
Scoping Report forms part of the first stage in the EIA
process and comes
after almost two years of extensive studies and work by the
Anglesey team on site. Cumulative expenditure on the EIA process in
that timeframe is almost £300,000. The scoping report sets out the
project’s perceived impacts, specifically identifying any crucial
and significant impacts which will be assessed as part of the final
EIA report, the compilation of which will require further
environmental and ecological work. At this EIA scoping stage, the
project description remains indicative and will be refined
following ongoing mining engineering studies, economic analysis and
discussions with neighbours, the wider community and other
stakeholders. The mining at Parys will be carried out by
underground methods; there are no plans for an open pit or opencast
mine extraction works.
The
Scoping Opinion request will now be validated by the Planning
Service and when that process is completed it will be placed on the
Anglesey Council Planning Public Register.
At that
time, Anglesey Mining will publish a further RNS release providing
information on how interested parties can view and comment on the
report.
Anglesey’s
C.E.O. Rob Marsden participated in a
monitoring visit and meeting on site at Parys Mountain on
13th
August 2024 with the Senior Minerals and Waste Planning
Officer under the ‘The Town and Country Planning (Fees for
Applications and Deemed Applications) (Wales) (Amendments) Regulations 2020, which
mineral planning authorities utilise to monitor mineral sites and
their extant planning permissions. A brief overview of Anglesey’s
new proposal was also discussed at the above meeting.
The
Anglesey team are committed to close collaboration with
stakeholders, communities, industry and supply chain participants,
particularly around minimising potential environmental impacts and
maximising economic development opportunities for local
communities.
Preservation
of existing heritage areas, sites of special scientific interest
(SSSI’s) and scheduled historic monuments and buildings have been a
major factor in Anglesey determining the location of new proposed
surface infrastructure, and similarly, other environmental and
social considerations. The EIA Scoping Report considers how
measures to avoid, mitigate or compensate would be identified to
address the impacts of the project.
Copper,
zinc, silver and lead are essential metals that will be required
for, amongst other uses, the transition of the UK’s energy use and
distribution towards electricity and away from fossil fuels.
To
produce these minerals from the Parys Mountain mine, new surface
infrastructure will be required, including a tailings management
facility, a decline portal and some small ventilation shaft
collars. The proposed approximate locations of such surface
features are shown in a drawing and are described in the EIA
Scoping report.
The
details may change as the Environmental Impact Assessment process
proceeds.
Anglesey
has decided to submit a fresh planning application, rather than
alter the existing one, for several reasons that are outlined in
the EIA Scoping Report. This
is partly because additional mineral resources have been identified
recently during a campaign of exploration drilling and because
Anglesey intends to avoid any potential damage to heritage and
biodiversity assets that have been designated since the last
mineral permission.
Finally,
technological changes since the original planning permission offer
more efficient methods of mining, ore processing, pollution control
and tailings storage.
Rob Marsden, CEO of Anglesey Mining,
commented:
“The
submission of the Environmental Impact Assessment Scoping Report
for the Parys Mountain Project is a very significant milestone for
Anglesey. The assessment of the environmental and social impacts of
mining of copper, zinc, lead, silver and gold from Parys Mountain,
in addition to the economic feasibility, will play a major part in
the permitting processes required to progress the project through
investment and financing to mineral production.”
“It is
worth reminding investors that Parys Mountain is demonstrably the
largest and most advanced copper/zinc/lead/silver/gold project in
the UK with a substantial resource upside. In addition, the project
is favourably located on a previously permitted, development site
with significant existing infrastructure already in
place.“
About Anglesey Mining plc:
Anglesey
Mining is traded on the AIM market of the London Stock Exchange and
currently has 461,593,017 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, Interim-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