Anglesey Mining plc

Anglesey Mining plc and RheEnergise Partner to Explore Underground Energy Storage at Parys Mountain Mine, through the Rehabilitation of the Existing 300m Deep Morris Shaft Anglesey Mining and RheEnergise are pleased to announce the signing of a memorandum of understanding (MOU) to explore the potential deployment of RheEnergise’s innovative High-Density Hydro® (HD Hydro) energy storage technology at the Parys Mountain mine site. The collaboration aims to provide an energy storage solution to support existing and planned renewable energy projects on the Isle of Anglesey and also a reliable source of clean energy for future mining and mineral processing operations. High-Density Hydro® (HD Hydro) energy storage is based on traditional pumped energy storage technology but rather than using water, a high-density fluid which is 2.5 x more dense than water is used in a closed loop. This technology requires 2.5 x less elevation than water-based systems for a given output and installations would also be correspondingly smaller and cheaper. The MOU outlines the two companies’ intention to jointly investigate the feasibility of utilising the modern 300-meter-deep Parys Mountain Morris Shaft to host a hydro-energy storage project. This initiative would not only demonstrate the capabilities of RheEnergise’s HD Hydro technology in an operational environment but also facilitate the redevelopment of the underground mine at Parys Mountain. The initial focus of the collaboration will be on conducting a comprehensive scoping study to assess the technical and economic viability of the proposed project. This will involve evaluating the potential environmental impacts and identifying any necessary permits or regulatory approvals. The parties have agreed to work together to secure non-dilutive funding to support the project through the various stages of development, from feasibility study to construction and commissioning, including de-watering of the Morris shaft.  

#AYM Anglesey Mining plc - Annual Report 2024 -100% ownership of the Parys Mountain underground copper-zinc-lead-silver-gold deposit in North Wales -49.75% interest in the Grängesberg iron ore project in Sweden where Anglesey has management rights. https://lnkd.in/eri3D2fM

Fundraise to raise £220,000   Anglesey Mining plc (AIM:AYM), the UK minerals development company, is pleased to announce that as follow up to the placing and subscription announced on 28 June 2024, the Company has raised £220,000 (before expenses) by way of a direct subscription of 22,000,000 ordinary shares at a price of 1pence per share (the “Subscription Shares”). Read full announcement here: https://bit.ly/4elNyof   Fundraising Highlights   • Subscription to raise approximately £220,000 (before expenses). • Issue Price of 1 pence per share   Reasons for the Fundraising In line with the objectives outlined in the fundraising announced in June 2024, the Company has undertaken this Fundraise and its previous fundraise to progress its corporate and operational strategy and the net proceeds will therefore be applied towards:   • Developmental work at Parys Mountain • Advancing development options at Grängesberg Iron Ore Mine • Debt repayment; and • General working capital purposes   The Company is advancing a number of initiatives with a view to supporting its cash position, however if these are not successful the Company will need to raise further funds towards the end of the calendar year to continue to progress its activities.   The Subscription is conditional only on Admission. #copper #gold #AYM $AYM

This week's StockBox Media #ResearchTalks sees Alan Green Brand Communications discuss: ✅ Anglesey Mining plc #AYM ✅ Kavango Resources PLC LSE:KAV #KAV ✅ Voyager CBD M3 Helium #VOY with Mark Fairbairn #copper #gold #silver #zinc #anglesey #parysmountain #Botswana #Zimbabwe #helium #Kansas Eric Boyle Rob Marsden Ben Turney Nick Tulloch Listen: https://lnkd.in/ergXn8HK

It was a pleasure to talk to GarethWyn Williams and the BBC Wales News team about all the exciting progress we are making in Parys Mountain. Watch the interview below 👇 We are excited at the prospect of bringing production of #copper, #gold and other minerals and precious metals back to the region, as well as creating jobs for the local community. #AYM $AYM

Fantastic to see the BBC News publish an article on Anglesey Mining plc and all the progress we are making towards developing Parys Mountain: ♦️ Unlocking the value stored here through our domestic 🇬🇧 #copper and #gold deposits, ♦️ Creating local jobs, and ♦️ Adhering enthusiastically to all the environmental requirements to protect our landscape. Read the full article below 👇 #AYM $AYM

We were delighted to show rob shelley and the ITV News team around our Parys Mountain site and talk them through its wonderful mining history and exciting mining future as we work towards resuming production. Watch the news clip here 👇 #copper #gold #AYM $AYM

⚡ Northern Copper Zone and Garth Daniel Zone, update At Anglesey Mining plc's Parys Mountain property, mineralization within the Northern Copper Zone (NCZ) has been traced by historical mining and diamond drilling over a strike length of 1.2 kilometres. The declared inferred resource for the NCZ is 9.38Mt containing 1.27%Cu, 0.38% Zn, 0.24%Pb, 5g/y Ag and 0.1g/t Au. The declared inferred resource of the Garth Daniel Zone (GDZ) is 0.34Mt containing 1.89%Cu, 5.78%Zn, 2.76%Pb, 66g/t Ag and 0.1g/t Au. Read the full announcement here: https://bit.ly/3XhDTca 💡Highlights: ♦️ All three holes in the 2023-2024 drilling program (NCZ001, NCZ002 and NCZ003) intersected both broad zones of mineralisation and multiple higher-grade zones. The sections below show that the drilling demonstrated good continuity and further supports the integrity of the geological model and drill targeting, with indications of greater mineralised volumes overall. ♦️ Anglesey Mining has recently received litho-geochemical results for each of the three holes, from Activation Laboratories in Canada. Interpretation of the results has allowed the stratigraphic positions of the main ore horizons to be further defined, improving the geological unit correlations across the property. Work is on-going; however it is already apparent that the latest holes intersected the same package of rocks and styles of alteration and mineralization as interpreted from previous drilling campaigns, which were subject to the same litho-geochemical analysis. ♦️ Detailed understanding of the lithology in each of the recently completed holes will mean a new structural geological model can be constructed and data supporting the model will additionally leverage off all the previously completed exploration drilling that has taken place into both the NCZ and the GDZ. Such a model would be more detailed than the one that presently exists and could provide valuable insights into the controls and distribution of the various mineralized zones. It is expected that, once completed, the model will be able to be extrapolated on a wider scale and used in subsequent mine planning. 📢 Rob Marsden , CEO of Anglesey Mining, commented: “Extracting all of the data possible from the 2023-2024 drilling campaign and interpreting it in context is a key part of the work being undertaken at Parys Mountain and it is great to see this latest dataset supporting and enhancing previous geological interpretation of the deposit.” #copper #AYM $AYM #drilling

Delighted to see the key milestone of our Environmental Impact Assessment Report submission featured in The Times today 👇 Read the article here ⬇️ https://lnkd.in/em4_uVmS Under the leadership of our CEO Rob Marsden we have made real and exciting progress at Parys Mountain this year with the successful drilling campaigns, and most recently the submission of an Environmental Impact Assessment Scoping report last Friday. Anglesey Mining plc #AYM offers demonstrably the largest and most advanced #copper project in the UK at Parys Mountain. #AYM #mining #development

Great to see us mentioned in the The Daily Telegraph on Friday. Article link ➡️ https://lnkd.in/et-wT4_g Under the leadership of our CEO Rob Marsden we have made real and exciting progress at Parys Mountain in this year with the successful drilling campaigns, and most recently the submission of an Environmental Impact Assessment Scoping report last Friday. Anglesey Mining plc $AYM offers demonstrably the largest and most advanced #copper project in the UK at Parys Mountain. #AYM #mining #development