Anglesey Mining PLC Parys Mountain planning application update
06 April 2023 - 4:00PM
UK Regulatory
TIDMAYM
Trading Symbol
AIM: AYM
6th 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
END
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