Anglesey Mining plc
100% of Parys Mountain in Wales
6% interest in Grangesberg Iron in Sweden
15.3% of Labrador Iron Mines in Canada
Anglesey is carrying out exploration and development work at its 100% owned Parys Mountain zinc-copper-lead deposit in North Wales, UK where a JORC Code-compliant resource of 2.1mt at 6.9% combined base metals in the indicated category and 4.1mt at 5.0% combined in the inferred category was published in November 2012.
In May 2014 Anglesey acquired a 6% interest in the Grangesberg Iron mine, formerly the third largest in Sweden, where there are prior indications of at least 115 million tonnes of iron ore containing around 40% iron remaining underground. There is excellent infrastructure and a production rate of 2.0 to 2.5 million tonnes per year of saleable iron ore concentrate is envisaged. Anglesey has operational management and a right of first refusal to acquire 51% of the project.
Anglesey holds 15.3% of Labrador Iron Mines Holdings Limited which has twenty direct shipping iron ore deposits in western Labrador and north-eastern Quebec. LIM is currently undergoing a financial restructuring.
Annual financial report 2015
Fri, 31 Jul 2015 14:45:25
Chairman’s statement from the Strategic Report The expected resurgence in the resources sector that we discussed this time last year has generally not yet materialised and indeed there have been some areas in which confidence has been badly eroded. These … Read More
Half yearly report for the six months to 30 September 2014
Wed, 26 Nov 2014 08:52:32
Chairman’s Statement and Management Report The half year to end of September 2014 has been a difficult period for the resource industry and for the company. Labrador Iron Mines (“LIM”) did not mine any ore in the half year and … Read More