logo-loader
viewAnglesey Mining PLC

Anglesey Mining brings in £310,200 to advance Parys project

Anglesey is looking forward to updated the scoping study and to expedite development of Parys

Pounds-coins-notes-(Resized).jpg
Anglesey will issue 12mln new shares at 2.585 pence each to institutions

Anglesey Mining plc (LON: AYM) has raised £310,200 via a placing to advance its Parys mountain zinc-copper-lead deposit in North Wales.

It will issue 12mln new shares at 2.585 pence each to institutions. Shares closed yesterday at 3.25p each.

Chief executive Bill Hooley said: “We are very pleased to announce this financing, which represents significant support for Anglesey Mining, and we look forward to completion of the updated scoping study and to expedite development of the Parys Mountain project.”

Parys has a resource of 2.1 million tonnes at 6.9% combined base metals in the higher confidence indicated category and 4.1 million tonnes at 5% combined base metals in inferred.

 An updated scoping study is currently being prepared by Micon International Limited and Fairport Engineering Ltd, both of which are acknowledged experts and leaders in the resources sector, the group said.

Quick facts: Anglesey Mining PLC

Price: 1.55 GBX

LSE:AYM
Market: LSE
Market Cap: £2.9 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Anglesey Mining PLC named herein, including the promotion by the Company of Anglesey Mining PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Anglesey Mining's Bill Hooley pleased with progress on optimisation study

Anglesey Mining plc's (LON:AYM) chief executive Bill Hooley tells Proactive the optimisation study for the Parys Mountain copper, zinc, lead, gold and silver project is progressing well. The study is being conducted under a project development and cooperation agreement entered into with...

on 22/1/19

2 min read