The Parys Mountain polymetallic project will undergo a proof-of-concept study on the use of muon tomography to identify new resource and delineate existing zones of mineralisation. MUON TOMOGRAPHY Mine owner Anglesey Mining plc, currently preparing for a drill programme, has engaged ground engineering technical services company Central Alliance to use the exploratory tool. The technology […]
Tag: Anglesey Mining plc
Anglesey Mining raises £500,000 via placing
Anglesey Mining plc has raised £500,000 via a placing of 33,333,329 new ordinary shares with certain institutional and other investors at a price of 1.5 pence per share. JUNO LIMITED Majority shareholder Juno Ltd converted debt for equity by subscribing for up to 6,950,000 new ordinary shares, capped at pro-rata ownership level. Following the placing, […]
Anglesey nears first Northern Copper zone infill drill
Anglesey Mining plc has started preparations for the first infill drilling in nearly 50 years into the Northern copper zone (NCZ) at Parys Mountain on the Isle of Anglesey. EXTENSIONS The company has begun the design, planning and logistics to drill six holes for 3,700m to infill portions of the current resource and verify historical […]
Anglesey meets £1m target via placing-subscription
Anglesey Mining plc has met its target fundraise of £1 million by placing 64,999,993 ordinary shares and a subscription of 1,666,666 ordinary shares at a price of 1.5 pence per share. DIRECTORS Chairman John Kearney subscribed for circa 1.7m shares for £25,000 taking his total holding to c.3m shares; chief executive Jonathan Battershill, 1.3m shares […]
Anglesey targets £1m for Parys-Grängesberg fundraise
Anglesey Mining plc aims to raise approximately £1 million via a proposed placing of new ordinary shares of £0.01 each in the company to certain institutional and other investors. TERMS The placing shares are at a 28.57% discount of 1.5p pence per share to the closing price of 2.10 pence per ordinary share on 15 […]
Anglesey Mining prepares EIA for Parys
Anglesey Mining plc expects to submit an environmental impact assessment (EIA) and revise existing permissions for its Parys Mountain copper-zinc-lead-gold-silver project. LEGISLATION Changes in the Town & Country Planning Act and environmental legislation have been made since the company received approval for several existing planning permissions, valid until 2028. To gain consents for the former […]