Parys Mountain Property

On 10 April 2008, the company announced that terms had been agreed for the sale of the Parys Mountain Project to ASX-listed Western Metals Limited. See press release.

• On the island of Anglesey in north Wales - worked for copper since prehistoric times
• New plan for phased development of 1.18 million tonnes in White Rock outlined in Micon study - PDF presentation on White Rock
• Zinc likely to contribute 55% and lead 25% to White Rock revenue stream. Copper more important in later years - Sept 2007 prices
• Two years to production from completion of financing
• Successful drill programmes in 2005-07 in two areas - Garth Daniel in the east and near-surface White Rock in the west.
• Excellent exploration potential over an area of several kilometres
• Work in 1991 resulted in a positive independent feasibility study with planning permission for a 1,000 tonne per day mine and strong local community and government support

Summary of Parys Project from 2007 annual report (pdf).

Parys Technical

• Brief history & outline of Parys Mountain mine
• Summary of Parys mineral resources
• Some geological notes on Parys Mountain from Dr Tim Barrett
• Geological notes on Parys deposits
• Abstract of geological paper on Parys Mountain 2001 by Barrett, MacLean and Tennant
and conclusions of their 1999 geological report.