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ANGLESEY MINING PLC - Half-year Report 30 September 2019

Anglesey Mining plc

Half yearly report for the six months to30 September 2019

Chairman’s Statement and Management Report

In late 2018 Anglesey signed a and Cooperation Agreement with QME Mining Technical Services, a division of an Irish mining contractor, to carry out an agreed programme of design, engineering and optimisation studies relating to the future development of the zinc, copper lead project, located on the island of Anglesey in and significant progress continues to be made with very encouraging results.Project DevelopmentQME LtdParys MountainWales

As reported in our 2018 Annual Report, published in , QME first completed detailed reviews of mine development capital and mine operating costs of the basic mine plan, using their extensive experience in mine development in and throughout , and identified the potential for improvements in the development plans contained in the Scoping Study completed by and in 2017.July 2019IrelandEuropeMicon International LimitedFairport Engineering Limited

The QME studies indicated that the project can be improved if the potential mineable tonnage can be increased by using a lower cut-off grade and generating a revised mine development plan. More recent studies by QME have suggested that there is significant potential for the inclusion of inferred resources from other zones into an updated Scoping Study or Feasibility StudyParys Mountain

Higher tonnage available for mining

The QME work suggests that at a production cut-off of per tonne, approximately 5.25 million tonnes in situ within the designed stoping blocks would be available within the and Engine Zones for consideration in a detailed life-of-mine schedule. This 5.25 million tonnes is substantially higher than the mineable tonnage of 2.1 million tonnes used in the 2017 Scoping Study. It is important to note that QME made no changes to the underlying resource estimates which were calculated by Micon in 2012. However, it does have to be noted that by reducing the cut-off, the grade of material that would be delivered to the mill would be lower overall than that used in the 2017 scoping study.$48White Rock

Potential inclusion of inferred resources in other zones

The revised production plan generated by QME was initially limited to just the and Upper Engine Zones, on the same basis as used by Micon in the 2017 Scoping Study. As an extension of this initial process, QME have now reviewed all of the inferred resources originally reported by Micon in deposits other than and Upper Engine zones. These other areas are the Lower Engine, and Northern Copper zones. These zones are located within an area of approximately 1.3 km east-west and 370 metres north-south and lie immediately to the northeast of the and Engine zones, at depths from 180 metres to 620 metres below surface which is roughly consistent with though a little deeper than the indicated resources in the .White RockWhite RockWhite RockEngine ZoneGarth Daniel

QME reported that a first-pass estimation has identified 5.5 million tonnes of currently modelled inferred resources that could be considered for inclusion in a second-pass of detailed design. This 5.5 million tonnes is defined as the sum of the mining-scale units associated with the ‘Lower Engine Zone’, the ‘Garth Daniel Zone’ and the ‘Northern Copper Zone’, above a cut-off of /t (Base-Case Prices), with no mining factors applied, and represents 35% of the global inferred resource, which at 0% cut-off had been previously estimated by Micon as 15.6 million tonnes.$48

It should be noted that the cut-off used of /t has been derived from the break-even point estimated for the and Engine zones and therefore is an iterative guide only at this stage and may not be totally applicable to these other zones.$48White Rock

The second pass of design work by QME is ongoing with completion scheduled for the end of 2019. However, the same two-pass design system was used on the and Engine Zones and resulted in conversion rate of 83.5% between the first and second passes. Should the same conversion rate be found then it is possible to envisage a total of approximately 4.6 million tonnes of inferred resources, undiluted, in the ‘Lower Engine Zone’, the ‘Garth Daniel Zone’ and the ‘Northern Copper Zone’, being considered for inclusion in a life-of-mine schedule. The potential 4.6 million tonnes of inferred resources in these additional zones would be in addition to the 5.25 million tonnes previously estimated for the and Engine Zones. That is to say a total of potentially mineable resources in excess of 10 million tonnes, in all categories, across five zones at .White-RockWhite RockParys Mountain

Longer potential mine life or higher production rate

We have long believed that the potential for the site was far greater than that developed from the code-consistent indicated resources. It is Anglesey’s opinion that the potentially mineable mineralisation that has been identified by QME’ s work is an indication of the overall prospectivity of the project and of the potential for demonstrating five deposits or zones with combined resources in the range of 10 million tonnes.Parys MountainParys Mountain

Whilst the inclusion of inferred material does not meet the strict criteria for inclusion into reserve definitions under the applicable codes and as generally accepted for feasibility studies by banks for loan evaluation purposes, it is believed that for the purposes of the current QME exercise such a process will give good guidance for future development planning purposes. The inferred resources are targets for future exploration drilling and it is uncertain if future drilling will result in the deposits being delineated as mineable resources.

To bring some if not all off this additional material to a compliant level will require significant additional exploration, to be followed by analysis and calculations by a certified Competent Person. Some of that work can be carried out by surface diamond drilling but much would be more efficiently explored by drilling from underground locations sited closer to the target blocks.

Using the updated QME 2019 block model, there is an opportunity to develop a new mineable block model for the and Engine zones by re-defining the mining shapes and the stoping plan, followed by a new development plan and schedule.White Rock

If a mining plan was developed using this lower cut-off grade, then at a constant 1,000 tonnes per day mill throughput rate as used in the 2017 Scoping Study, the project life for the and Engine zones would be significantly extended from the initial eight years indicated in the Scoping Study to a mine life of approximately 18 years.White Rock

In addition, should we be able to positively report a total compliant figure somewhere around this 10 million tonnes, and from the QME work to date we are of the opinion that such a target is well founded on the current drill intercepts, then the mine plan including annual production rates and life of mine would be significantly enhanced.

The economic trade-off between a longer mine life and reduced head-grade will need to be further studied to determine what, if any, would be the net financial benefit. It will then likely require further studies to determine if there is an ‘optimum’ cut-off grade that maximises the financial returns.

Iron Ore

The iron ore market in the first half of 2019 was characterized by significant supply disruptions, particularly in and , which caused a rapid rise in the iron ore price. After beginning 2019 at per tonne (62% Fe CFR China basis), the price rose to a 5 year high of /tonne in early July. The price has subsequently come back to around /tonne range, where it is expected to remain for the balance of 2019.BrazilAustraliaUS$70US$126US$90

The weaker price in the second half of 2019 is thought to be due to a declining outlook for global steel demand resulting from expectations of a slowing world economy due to the impact of protectionist-oriented global trade tensions. As iron ore is the main steelmaking ingredient, any decline in anticipated steel production has a direct impact on iron ore demand.

The premium for higher grade material at 65% Fe and particularly for 68% Fe continues to increase, which could ultimately be very beneficial for the Grangesberg project and for Labrador’s Elizabeth project.

Grangesberg -Sweden

Anglesey continues to manage the Grangesberg iron ore project in . Site activities have been kept at a low level but the continuing support of premium iron prices for the premium product that Grangesberg would produce have encouraged us to seek out alternative development strategies to move the project forward.Central Sweden

We believe that the superior geographic location of the Grangesberg deposit and its projected premium product specification could enable such alternative approaches to be beneficial for the group in the coming periods.

Labrador -Canada

The group continues to hold a 12% interest in Labrador Iron Mines Holdings Limited (LIM) which owns extensive iron ore resources and facilities in the area of Labrador and in .ScheffervilleQuebecCanada

LIM holds measured and indicated direct shipping mineral resources of approximately 55 million tonnes at an average grade of 56.8%. In addition, LIM holds the , which has current inferred mineral resource estimated of 620 million tonnes at an average grade of 31.8% Fe. Elizabeth represents an opportunity to develop a major new taconite operation in the region of the Labrador Trough which would produce a high-grade saleable iron ore product, which would attract premium prices in the current iron ore market. These resources are kept on a stand-by care and maintenance basis and subject to financing are positioned to resume operations as soon as economic conditions warrant.Elizabeth Taconite ProjectSchefferville

LIM’s former and the Silver Yards processing facility have been in a progressive reclamation since the termination of mining at the in 2014. LIM has now substantially completed its environmental regulatory requirements, which principally relate to rehabilitation of the former , the Silver Yards processing site and related infrastructure. In the summer of 2019, LIM conducted a field exploration program on 13 of its mineral licences located in Labrador. This was the first exploration program undertaken in a number of years.James MineJames MineJames Mine


As always, we have kept our corporate and operating costs at the lowest level consistent with maintaining our assets in good order. We will continue this policy going forward but there will inevitably be some increase in costs as project development activities increase. In the short term this will likely need to be funded by additional but relatively small equity issues.

Financial results

The group had no revenue for the period. The loss for the six months to was £156,600 (2018 £137,117) and the expenditures on the mineral property in the period were £26,527 compared to £25,755 in the comparative period. Net current assets at were £110,724 compared to liabilities of £61,312 at . Further funding will be required for continuing expenses as well as the maintenance and development of the group’s mineral properties. Completion of the QME Study will continue to be carried out at no cost to Anglesey.30 September 201930 September 201931 March 2019


Whilst there has been some short-term instability in commodity prices during the second half of 2019, we still believe that ultimately the fundaments of supply and demand will override the near-term problems created by the China-US trade wars, and we also remain encouraged by the ongoing support for iron ore prices.

The Agreement with QME has seen the development of a substantial amount of work on mine planning and project optimisation on the project at no cost to Anglesey and at no dilution to Anglesey’s current shareholders. The QME studies have indicated that the project can be greatly enhanced if the potential mineable tonnage can be increased by using a lower cut-off grade, by the upgrade and inclusion of inferred resources and by generating a revised mine development plan.Parys MountainParys Mountain

We remain very positive about the prospects for the company as a result of the latest QME studies. It should be emphasised that this optimisation work will have to be supported by an updated scoping study or pre-feasibility study. If eventually supported, then the size and life of the mine would be company changing. We do recognise that much remains to be done and that additional funds, and possibly industry partners, will be required to enable the project to reach its true potential, but the possibilities are there.Parys Mountain

We continue to review the development opportunities for our iron ore projects, albeit with inherent complexities resulting from the fluctuating commodity price. We are also actively reviewing some other opportunities for Anglesey in base metal projects in favourable geopolitical environments and will advance these where possible.

We would like to thank shareholders for their continued interest in the company.

John F Kearney


12th December 2019

Unaudited condensed consolidated income statement

Unaudited condensed consolidated statement of comprehensive income

All attributable to equity holders of the company

Unaudited condensed consolidated statement of financial position

All attributable to equity holders of the company

Unaudited condensed consolidated statement of cash flows

All attributable to equity holders of the company

Unaudited condensed consolidated statement of changes in group equity

All attributable to equity holders of the company

Notes to the accounts

1.  Basis of preparation

This half-yearly financial report comprises the unaudited condensed consolidated financial statements of the group for the six months ended . It has been prepared in accordance with the Disclosure and Transparency Rules of the , the requirements of IAS 34 - Interim financial reporting (as adopted by the ) and using the going concern basis. The directors are not aware of any events or circumstances which would make this inappropriate. It was approved by the board of directors on . It does not constitute financial statements within the meaning of section 434 of the Companies Act 2006 and does not include all of the information and disclosures required for annual financial statements. It should be read in conjunction with the annual report and financial statements for the year ended which is available on request from the company or may be viewed at .30 September 201912 December 201931 March 2019Financial Conduct AuthorityEuropean Unionwww.angleseymining.co.uk

The financial information contained in this report in respect of the year ended has been extracted from the report and financial statements for that year which have been filed with the Registrar of Companies. The report of the auditors on those accounts did not contain a statement under section 498(2) or (3) of the Companies Act 2006 and was not qualified. The half-yearly results for the current and comparative periods have not been audited or reviewed.31 March 2019

2.  Significant accounting policies 

The accounting policies applied in these unaudited condensed consolidated financial statements are consistent with those set out in the annual report and financial statements for the year ended .31 March 2019

New accounting standards

Standards, amendments and interpretations adopted in the current financial year:

The adoption of the following standards, amendments and interpretations in the current financial year has not had a material impact on the financial statements of the group or the company. All financial assets which were classified as loans and receivables and under IAS 39 are now classified as financial assets at amortised cost under IFRS 9 with no changes in the measurement of those financial assets. Financial assets which were classified as available for sale under IAS 39 are now classified as financial assets at FVOCI under IFRS9 and measured at fair value. The directors’ assessment of fair value of these financial assets has been disclosed in note 14. No separate transitional note is presented because there are no adjustments as a result of the transition to IFRS9.

IFRS 2 Share-based Payment: Amendment in relation to classification and measurement of share-based payment transactions

IFRS 9 Financial Instruments

IFRS 15 Revenue from Contracts with Customers, including the subsequent clarifications

Annual Improvements to IFRSs (2014 - 2016)        

IFRIC 22 Foreign Currency Transactions and Advance Consideration  

Standards, amendments and interpretations in issue but not yet effective:

The directors’ impact assessment indicates that the adoption of the above pronouncements will have no material impact on the financial statements in the period of initial application other than disclosure. The directors have not yet fully assessed the impact IFRS16 on these financial statements but believe that since the group is a lessee in respect of mineral leases only, the standard will not be applicable to the group’s financial statements.

There have been no other new or revised International Financial Reporting Standards, International Accounting Standards or Interpretations that are in effect since that last annual report that have a material impact on the financial statements.

3.  Risks and uncertainties

The principal risks and uncertainties set out in the group's annual report and financial statements for the year ended remain the same for this half-yearly financial report and can be summarised as: development risks in respect of mineral properties, especially in respect of permitting and metal prices; liquidity risks during development; and foreign exchange risks. More information is to be found in the 2019 annual report – see note 1 above.31 March 2019

4.  Statement of directors' responsibilities

The directors confirm to the best of their knowledge that: (a) the unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of IAS 34 Interim financial reporting (as adopted by the ); and (b) the interim management report includes a fair review of the information required by the Disclosure and Transparency Rules (4.2.7 R and 4.2.8 R). This report and financial statements were approved by the board on and authorised for issue on behalf of the board by , chief executive officer and , finance director.European UnionFCA's12 December 2019Bill HooleyDanesh Varma

5.  Activities 

The group is engaged in mineral property development and currently has no turnover. There are no minority interests or exceptional items.

6.  Earnings per share

The loss per share is computed by dividing the loss attributable to ordinary shareholders of £0.157 million (loss to £0.137m), by 184,569,825 (2018 – 177,608,051) - the weighted average number of ordinary shares in issue during the period. Where there are losses the effect of outstanding share options is not dilutive.30 September 2018

7.  Business and geographical segments

There are no revenues. The cost of all activities charged in the income statement relates to exploration and development of mining properties. The group's income statement and assets and liabilities are analysed as follows by geographical segments, which is the basis on which information is reported to the board.

Income statement analysis


Assets and liabilities

8.  Deferred tax

There is an unrecognised deferred tax asset of £1.3 million ( - £1.3m) which, in view of the group's results, is not considered to be recoverable in the short term. There are also capital allowances, including mineral extraction allowances, exceeding £12.5 million (unchanged from ) unclaimed and available. No deferred tax asset is recognised in the condensed financial statements.31 March 201931 March 2019

9.  Mineral property exploration and evaluation costs

Mineral property exploration and evaluation costs incurred by the group are carried in the unaudited condensed consolidated financial statements at cost, less an impairment provision if appropriate. The recovery of these costs is dependent upon the successful development and operation of the project which is itself conditional on finance being available to fund such development. During the period expenditure of £26,527 was incurred (six months to - £25,755). There have been no indicators of impairment during the period.Parys Mountain30 September 2018

10.  Investments

The group’s investment is classified as ‘unquoted’ and is held at a nominal value of £1.Labrador:  

The group has an 8.7% (unchanged from ) holding in (an unquoted Swedish company) and a right of first refusal over shares amounting to a further 51% of that company. This investment has been initially recognised and subsequently measured at cost, on the basis that the shares are not quoted and a reliable fair value is not able to be estimated.Grangesberg:  31 March 2019Grangesberg Iron AB

11.  Share capital

12.  Financial instruments

13.  Events after the reporting period 


14.  Related party transactions 


Anglesey Mining plc


                                        John Kearney                                Chairman

                                                        Bill Hooley                                      Chief executive

                                                                                      Finance directorDanesh Varma

                                                        David Lean                                     Non executive (retired )5 September 2019

                                                                                       Non executiveHoward Miller

site: , Amlwch, Anglesey, LL68 9RE   Phone 01407 831275Parys MountainParys Mountain

office: Painter's , , , EC4V 2AN   Phone 020 7062 3782London8 Little Trinity LaneLondonHall Chambers

Registered office: Tower , St. Katharine's Way, , E1W 1DDBridge HouseLondon

Web site:                                          E-mail:www.angleseymining.co.uk[email protected]

Shares listed on the - LSE:AYM               Company registration number 1849957London Stock Exchange

Share registrars: Link Asset Services www.linkassetservices.com

Share dealing phone 0871 664 0445    Helpline phone 0871 664 0300

Calls cost 12p per minute plus your phone company’s access charge. If you are outside the , please call +44 371 664 0300. Calls outside the will be charged at the applicable international rate. Lines are open , Monday to Friday excluding public holidays in and .United KingdomUnited KingdomEnglandWalesbetween 9.00am and 5.30pm

Notes    Unaudited six months    Unaudited six months
                                 ended 30 September 2019 ended 30 September 2018

All operations are                          £                       £

 Revenue                                               -                       -

 Expenses                                       (71,493)                (57,477)

 Equity-settled employee                               -                       -

 Investment income                                    60                      52

 Finance costs                                  (85,190)                (79,719)

 Foreign exchange movement                            23                      27

Loss before tax                                (156,600)               (137,117)

 Taxation                    8                         -                       -

Loss for the period          7                 (156,600)               (137,117)

 Loss per share

 Basic - pence per share                          (0.1)p                  (0.1)p

 Diluted - pence per share                        (0.1)p                  (0.1)p
Loss for the period              (156,600) (137,117)

 Other comprehensive income

 Items that may subsequently be
 reclassified to profit or loss:

 Exchange difference on           (22,397)  (21,265)
 translation of foreign holding

Total comprehensive loss for     (178,997) (158,382)
the period
Notes Unaudited 30 September Audited 31 March 2019

                                            £                      £


 Non-current assets

 Mineral property             9               15,192,415            15,165,888
 exploration and evaluation

 Property, plant and                             204,687               204,687

 Investments                 10                   97,795                97,795

 Deposit                                         123,521               123,460

                                              15,618,418            15,591,830

 Current assets

 Other receivables                                24,010                19,215

 Cash and cash equivalents                       161,595                 6,012

                                                 185,605                25,227

Total assets                                  15,804,023            15,617,057


 Current liabilities

 Trade and other payables                       (74,881)              (86,539)

                                                (74,881)              (86,539)

 Net current assets/                             110,724              (61,312)

 Non-current liabilities

 Loans                                       (3,914,343)           (3,706,722)

 Long term provision                            (50,000)              (50,000)

                                             (3,964,343)           (3,756,722)

Total liabilities                            (4,039,224)           (3,843,261)

Net assets                                    11,764,799            11,773,796


 Share capital               11                7,380,591             7,286,914

 Share premium                                10,248,309            10,171,986

 Currency translation                           (79,513)              (57,116)

 Retained losses                             (5,784,588)           (5,627,988)

Total shareholders' funds                     11,764,799            11,773,796
Notes    Unaudited six months    Unaudited six months
                                 ended 30 September 2019 ended 30 September 2018

                                            £                       £

Operating activities

 Loss for the period                           (156,600)               (137,117)

 Adjustments for:

 Investment income                                  (60)                    (52)

 Finance costs                                    85,190                  79,719

 Foreign exchange movement                          (23)                    (27)

                                                (71,493)                (57,477)

 Movements in working

 (Increase)/decrease in                          (4,733)                   1,812

 (Decrease)/increase in                          (7,751)                     694

Net cash used in operating                      (83,977)                (54,971)

Investing activities

 Mineral property                               (30,487)                (24,632)
 exploration and

Net cash used in investing                      (30,487)                (24,632)

Financing activities

 Issue of share capital                          170,000                       -

 Loan received                                   100,000                       -

 Currency translation                                 24                       -

Net cash generated from                          270,024                       -
financing activities

Net increase/(decrease) in cash                  155,560                (79,603)
and cash equivalents

Cash and cash equivalents                          6,012                 137,113
at start of period

Foreign exchange movement                             23                      27

Cash and cash equivalents                        161,595                  57,537
at end of period
Share     Share     Currency   Retained losses   Total
                    capital   premium   translation        £            £
                       £         £        reserve

Equity at 1 April  7,286,914 10,171,986    (57,116)     (5,627,988) 11,773,796
2019 - audited

income for the

Exchange                   -          -    (22,397)               -   (22,397)
difference on
translation of
foreign holding

Loss for the               -          -           -       (156,600)  (156,600)

Total                      -          -    (22,397)       (156,600)  (178,997)
income for the

Shares issued         93,677    106,323           -               -    200,000

Share issue                -   (30,000)           -               -   (30,000)

Equity at          7,380,591 10,248,309    (79,513)     (5,784,588) 11,764,799
30 September 2019
- unaudited

Comparative period

Equity at 1 April  7,286,914 10,171,986    (42,021)     (5,393,367) 12,023,512
2018 - audited

income for the

Exchange                   -          -    (21,265)               -   (21,265)
difference on
translation of
foreign holding

Loss for the               -          -           -       (137,117)  (137,117)

Total                      -          -    (21,265)       (137,117)  (158,382)
income for the

Equity at          7,286,914 10,171,986    (63,286)     (5,530,484) 11,865,130
30 September 2018
- unaudited
Effective date

Amendments to IFRS 9 Financial           
Instruments: Prepayment features with
negative compensation

IFRS 16 Leases                           

Annual Improvements to IFRSs (2015 -     

Amendment to IAS 19 Employee Benefits:   
Plan amendment, curtailment or

Amendment to IAS 28 Investments in       .
Associates and Joint Ventures: Amendment
in relation to Long-term interests in
Associates and Joint Ventures.

IFRIC 23 Uncertainty over Income Tax     .

Amendments to IAS 1 and IAS 8:           Expected endorsement date to be 1
Definition of Material                   

Amendment to IFRS 3 Business             Expected endorsement date to be 1
Combinations: Definition of a Business   

Conceptual Framework (Revised) and       Expected endorsement date to be 1
amendments to related references in IFRS 

IFRS 17 Insurance Contracts              Expected endorsement date not available1 January 20191 January 20191 January 20191 January 20191 January 20191 January 2019January 2020January 2020January 2020
Unaudited six months ended 30 September 2019

                       UK     Sweden - investment Canada - investment   Total

                        £              £                   £              £

Expenses             (71,493)                   -                   -  (71,493)

Investment income          60                   -                   -        60

Finance costs        (77,048)             (8,142)                   -  (85,190)

Exchange rate               -                  23                   -        23

Loss for the period (148,481)             (8,119)                   - (156,600)
Unaudited six months ended 30 September 2018

                       UK     Sweden - investment Canada - investment   Total

                        £              £                   £              £

Expenses             (57,477)                   -                   -  (57,477)

Investment income          52                   -                   -        52

Finance costs        (72,117)             (7,602)                   -  (79,719)

Exchange rate               -                  27                   -        27

Loss for the period (129,542)             (7,575)                   - (137,117)
`                                       30 September 2019

                       UK      Sweden investment Canada investment    Total

                        £              £                 £              £

Non current assets  15,520,623            97,794                 1  15,618,418

Current assets         184,486             1,119                 -     185,605

Liabilities        (3,708,564)         (330,660)                 - (4,039,224)

Net assets/         11,996,545         (231,747)                 1  11,764,799

                                      Audited 31 March 2019

                       UK      Sweden investment Canada investment       Total

                        £              £                 £              £

Non current assets  15,494,035            97,794                 1  15,591,830

Current assets          24,149             1,078                 -      25,227

Liabilities        (3,543,174)         (300,087)                 - (3,843,261)

Net assets/         11,975,010         (201,215)                 1  11,773,796
Labrador Grangesberg Total

                                £           £      £

At 1 April 2018                 1      86,659 86,660

Change during the period        -      11,135 11,135

At 31 March 2019                1      97,794 97,795

Change during the period        -           -      -

At 30 September 2019            1      97,794 97,795
Ordinary shares of 1p Deferred shares of 4p     Total

Issued and             Nominal      Number   Nominal      Number   Nominal
fully paid             value £               value £               value £

At 1 April 2019      1,776,081 177,608,051 5,510,833 137,770,835 7,286,914

Issued in the period    93,677   9,367,681                          93,677

At 30 September 2019 1,869,758 186,975,732 5,510,833 137,770,835 7,380,591
Group          Financial assets classified at   Financial assets measured at
                  fair value through other             amortised cost
                    comprehensive income

               30 September 2019 31 March 2019 30 September 2019 31 March 2019

                               £             £                 £             £

Investments               97,795        97,795                 -             -

Deposit                        -             -           123,521       123,460

Other                          -             -            24,010        19,215

Cash and cash                  -             -           161,595         6,012

                               -             -

                          97,795        97,795           309,126       148,687

               Financial liabilities measured
                      at amortised cost

               30 September 2019 31 March 2019

                               £             £

Trade payables          (21,202)      (30,067)

Other payables          (53,679)      (56,472)

Loans                (3,914,343)   (3,706,722)

                     (3,989,224)   (3,793,261)

Quick facts: Anglesey Mining PLC

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Market Cap: £3.65 m

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