Strong assay results from Parys Mountain drilling

Trading Symbol

AIM: AYM

14^thJune 2022

Anglesey Mining plc

(“Anglesey” or “the Company”)

Strong assay results from Parys Mountain drilling

Anglesey Mining plc (AIM:AYM), the UK minerals development company, continues to advance work programmes at both its Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in north-west Wales and its Grängesberg iron ore project in Sweden.

Anglesey is pleased to announce that the first round of assay results have been received from the initial four holes of the recent infill drilling programme at Parys Mountain.

Parys Mountain Cu-Zn-Pb-Ag-Au Project

• The 10-hole infill programme at Parys Mountain has provided important data validating the resource model and improving confidence in the mineral resource estimate and mineralisation boundaries.
• Significant intersections include:
  • 12.36m at 4.8% Zn, 3.3% Pb, 0.5% Cu, 20g/t Ag & 0.3g/t Au (WD-19 from 140m) including
    • 3.72m at 8.5% Zn, 6.3% Pb, 1.0% Cu, 38g/t Ag & 0.3g/t Au (from 142m)
    • 2.76m at 7.2% Zn, 4.2% Pb, 0.6% Cu, 23g/t Ag & 0.3g/t Au (from 150m)
  • 21.53m at 4.0% Zn, 2.0% Pb, 0.3% Cu, 26g/t Ag & 1.0g/t Au (WD-19 from 170.5m) including
    • 6.0m at 7.1% Zn, 3.7% Pb, 0.4% Cu, 37g/t Ag & 2.0g/t Au (from 172m)
  • 3.0m at 5.9% Zn, 2.3% Pb, 0.5% Cu, 43g/t Ag & 0.7g/t Au (AMC-26 from 60m)
  • 3.75m at 3.4% Zn, 2.0% Pb, 0.3% Cu, 13g/t Ag & 0.1g/t Au (AMC-26 from 93m)
  • 3.7m at 5.8% Zn, 4.6% Pb, 0.6% Cu, 46g/t Ag & 0.2g/t Au (AMC-26 from 149m)
• Holes WD-19 and AMC-26 both recorded multiple intercepts, with AMC-26 essentially mineralised over a total width of 163m grading over 2.0% ZnEq (0.75% CuEq) and WD-19 mineralised over a width of 72m grading over 3.9% ZnEq (1.4% CuEq). Holes WD-16 and WD-18, drilled at the perimeter of the White Rock zone, encountered only low grade to minor mineralization.
• Samples from another four holes have been dispatched for assaying with results expected in mid-July.
• The final two holes of the programme are being logged for additional data to assist with geotechnical domain modelling, which will be utilised in the underground mine design optimisation. Once logged, they will be sampled and dispatched for assaying.
• With assays received, samples will now be selected for the metallurgical testwork programme. The testwork will include both Dense Media Separation and XRT ore sorting pre-concentration studies, which will also provide critical information for the Tailings Storage Facility design work.

Jo Battershill, Chief Executive of Anglesey Mining, commented: “It is very encouraging to see the White Rock resource model confirmed with the recent infill drilling. As expected, there are numerous discrete high-grade zones, with zinc equivalent grades of over 10%, within an overall larger mineralised system. The pre-concentration studies will provide important information that will help to maximise the extraction of this deposit, while also minimising the overall volume of both mill feed and tailings.”

“On the Northern Copper Zone, the team is currently planning the next round of infill drilling, which we hope to start in the September quarter. This will be the first infill programme into this deposit for almost 20 years and will provide important data for metallurgical testwork and the optimal mine design.”

Drill hole details

Hole ID	Co-ordinates         (E)                    (N)		Elevation (m)	Azimuth (°)	Dip (°)	End of Hole (m)
AMC-26	43289	90287	115	248	-63	303
WD-16	43154	90228	98	126	-65	179.6
WD-17	43170	90198	103	126	-65	124
WD-18	43154	90304	96	126	-65	218
WD-19	43154	90304	96	123	-50	201
WD-20	43167	90334	96	116	-52	206.5
WD-21	43167	90334	96	126	-65	224.5
WD-22	43209	90385	94	115	-55	191
WD-23	43209	90383	94	140	-73	243
WD-24	43172	90194	102	90	-88	331.5

Reported Assays

Hole Number	From	To	Sample Length	Assays
	(m)	(m)	(m)	Cu (%)	Zn  (%)	Pb (%)	Ag (g/t)	Au (g/t)	ZnEq (%)*
AMC-26	14.3	16.3	2.00	0.21	0.34	0.03	21.8	0.22	1.19%
AMC-26	16.3	18.3	2.00	0.26	0.21	0.04	29.8	0.18	1.28%
AMC-26	18.3	20.3	2.00	0.31	0.25	0.02	18	0.11	1.07%
AMC-26	20.3	22.3	2.00	0.28	0.20	0.02	10	0.13	0.87%
AMC-26	22.3	24.3	2.00	0.47	0.73	0.08	20.1	0.20	1.85%
AMC-26	24.3	26.3	2.00	0.26	0.70	0.13	10.8	0.17	1.37%
AMC-26	26.3	26.6	0.30	0.12	0.14	0.02	8	0.11	0.55%
AMC-26	27	28.6	1.60	0.26	0.43	0.09	15.6	0.14	1.20%
AMC-26	28.6	30.6	2.00	0.48	0.74	0.10	15.2	0.15	1.75%
AMC-26	30.6	32.6	2.00	0.46	0.81	0.26	11.3	0.14	1.78%
AMC-26	32.6	33.9	1.30	0.14	0.47	0.17	8.7	0.13	0.96%
AMC-26	33.9	34.9	1.00	0.17	0.28	0.11	19.2	0.42	1.32%
AMC-26	34.9	35.6	0.70	0.36	0.38	0.19	51.8	0.68	2.56%
AMC-26	35.9	36.6	0.70	0.26	1.91	0.65	23.2	0.57	3.33%
AMC-26	36.6	37.6	1.00	0.23	0.99	0.41	26.6	0.68	2.54%
AMC-26	37.6	38.6	1.00	0.26	0.38	0.09	12	0.46	1.42%
AMC-26	38.6	39.6	1.00	0.30	0.40	0.16	19.6	0.84	2.06%
AMC-26	39.6	40.6	1.00	0.24	1.12	0.45	19.9	0.67	2.58%
AMC-26	40.6	41.6	1.00	0.22	1.06	0.43	17.6	0.56	2.32%
AMC-26	41.6	42.6	1.00	0.54	0.73	0.17	28.4	3.39	5.41%
AMC-26	42.6	43.6	1.00	0.34	1.14	0.51	32.6	1.12	3.44%
AMC-26	43.6	44.6	1.00	0.15	0.41	0.20	10.4	0.35	1.21%
AMC-26	44.6	45.6	1.00	0.09	0.45	0.14	5.5	0.16	0.85%
AMC-26	45.6	46.6	1.00	0.15	0.48	0.20	12	0.26	1.21%
AMC-26	46.6	47.6	1.00	0.19	1.10	0.46	16.9	0.45	2.21%
AMC-26	47.6	48.6	1.00	0.14	0.56	0.23	12	0.39	1.41%
AMC-26	48.6	49.6	1.00	0.20	1.58	0.68	24.8	0.68	3.13%
AMC-26	49.6	50.6	1.00	0.19	1.43	0.62	17.3	0.41	2.55%
AMC-26	50.6	51.6	1.00	0.13	1.73	0.78	18.6	0.41	2.83%
AMC-26	51.6	52.6	1.00	0.13	1.83	0.87	19.2	0.37	2.95%
AMC-26	52.6	53.6	1.00	0.12	0.85	0.35	14.4	0.30	1.65%
AMC-26	53.6	54.6	1.00	0.08	0.54	0.30	8.1	0.19	1.07%
AMC-26	54.6	55.6	1.00	0.26	2.25	1.00	20.6	0.48	3.68%
AMC-26	55.6	56.6	1.00	0.77	3.25	1.30	43.4	0.72	6.04%
AMC-26	56.6	57.6	1.00	0.22	2.02	0.89	22.3	0.48	3.41%
AMC-26	57.6	58.6	1.00	0.33	3.49	2.67	26.5	0.41	5.88%
AMC-26	58.6	59.1	0.50	0.19	0.91	0.63	18.8	0.35	2.10%
AMC-26	59.1	60.1	1.00	0.10	0.40	0.24	13.1	0.30	1.16%
AMC-26	60.1	61.1	1.00	0.71	9.44	3.72	64.8	1.07	13.30%
AMC-26	61.1	62.1	1.00	0.61	5.31	1.96	44.9	0.79	8.02%
AMC-26	62.1	63.1	1.00	0.21	2.96	1.24	20.3	0.35	4.21%
AMC-26	63.1	63.45	0.35	0.09	1.62	0.62	12.6	0.33	2.39%
AMC-26	63.45	65.45	2.00	0.06	0.10	0.03	4	0.14	0.39%
AMC-26	65.45	67.45	2.00	0.09	0.53	0.26	6.2	0.10	0.94%
AMC-26	67.45	69.45	2.00	0.10	0.10	0.04	6.7	0.13	0.49%
AMC-26	69.45	71.5	2.05	0.03	0.15	0.12	4.3	0.12	0.44%
AMC-26	71.5	73.2	1.70	0.20	0.78	0.49	13	0.21	1.66%
AMC-26	73.5	75.5	2.00	0.05	1.30	0.91	5	0.10	1.90%
AMC-26	75.5	77.5	2.00	0.04	0.22	0.26	3.5	0.09	0.56%
AMC-26	77.5	79.5	2.00	0.07	0.26	0.20	5.8	0.18	0.71%
AMC-26	79.5	81.5	2.00	0.06	0.39	0.28	7.9	0.15	0.88%
AMC-26	81.5	83.5	2.00	0.06	0.35	0.32	6.2	0.13	0.81%
AMC-26	83.5	85.5	2.00	0.04	0.79	0.28	5.2	0.11	1.09%
AMC-26	85.5	87.5	2.00	0.03	0.27	0.17	3.6	0.11	0.54%
AMC-26	87.5	89.5	2.00	0.03	0.22	0.05	4.4	0.14	0.47%
AMC-26	89.5	90.15	0.65	0.02	0.32	0.14	4.9	0.14	0.61%
AMC-26	90.15	91.15	1.00	0.24	1.76	1.20	20.8	0.21	3.11%
AMC-26	91.15	92.15	1.00	0.24	0.71	0.55	10.6	0.19	1.63%
AMC-26	92.15	93.15	1.00	0.19	1.25	1.37	12.2	0.13	2.49%
AMC-26	93.15	94.15	1.00	0.16	3.88	1.86	9.9	0.07	4.81%
AMC-26	94.15	95.15	1.00	0.76	4.20	2.88	18.2	0.18	6.78%
AMC-26	95.15	96.15	1.00	0.18	1.48	0.68	7.7	0.08	2.11%
AMC-26	96.15	96.9	0.75	0.24	4.27	2.69	17	0.20	6.01%
AMC-26	96.9	98.9	2.00	0.12	0.49	0.21	7.4	0.12	0.95%
AMC-26	98.9	100.9	2.00	0.08	0.97	0.61	6.9	0.08	1.49%
AMC-26	100.9	102.9	2.00	0.07	0.12	0.07	4.6	0.06	0.38%
AMC-26	102.9	104.9	2.00	0.07	0.11	0.06	4.2	0.14	0.44%
AMC-26	104.9	106.9	2.00	0.27	1.70	0.84	14.6	0.16	2.71%
AMC-26	106.9	108.9	2.00	0.18	0.79	0.66	12.3	0.19	1.72%
AMC-26	108.9	110.9	2.00	0.29	3.24	1.93	22.1	0.17	4.83%
AMC-26	110.9	112.9	2.00	0.07	0.75	0.51	10.4	0.16	1.38%
AMC-26	112.9	114.9	2.00	0.03	0.46	0.20	7.7	0.14	0.83%
AMC-26	114.9	116.9	2.00	0.08	1.85	0.92	15.8	0.18	2.68%
AMC-26	116.9	117.1	0.20	0.05	0.91	0.73	10.6	0.12	1.59%
AMC-26	117.1	119.1	2.00	0.12	1.26	0.71	12.8	0.13	1.99%
AMC-26	119.1	121.13	2.03	0.06	0.65	0.41	11.6	0.15	1.24%
AMC-26	121.13	121.43	0.30	0.22	0.84	0.83	12.4	0.13	1.86%
AMC-26	121.43	121.9	0.47	0.07	0.66	0.36	5.5	0.13	1.09%
AMC-26	121.9	123.9	2.00	0.13	0.39	0.22	8.7	0.20	1.00%
AMC-26	123.9	125.9	2.00	0.25	0.55	0.64	20.4	0.20	1.76%
AMC-26	125.9	127.9	2.00	0.17	0.55	0.30	7.4	0.19	1.19%
AMC-26	127.9	128.6	0.70	0.26	2.66	1.24	12.4	0.25	3.78%
AMC-26	128.6	129.05	0.45	0.87	6.30	3.93	61.9	0.33	10.27%
AMC-26	128.05	129.9	1.85	0.05	0.08	0.06	3.7	0.14	0.38%
AMC-26	129.9	131.6	1.70	0.12	0.44	0.32	14.9	0.27	1.27%
AMC-26	131.6	132.8	1.20	0.27	0.26	0.26	15.4	0.39	1.42%
AMC-26	132.8	134.8	2.00	0.28	0.29	0.21	10.8	0.32	1.27%
AMC-26	134.8	136.8	2.00	0.15	0.43	0.29	7.9	0.26	1.15%
AMC-26	136.8	138.05	1.25	0.13	1.11	0.50	8.5	0.26	1.82%
AMC-26	147.85	148.8	0.95	0.27	1.54	1.11	11.3	0.10	2.63%
AMC-26	148.8	149.52	0.72	0.61	2.89	1.92	16.6	0.18	4.87%
AMC-26	149.52	150.5	0.98	0.83	9.89	6.62	42.7	0.34	14.49%
AMC-26	150.5	151.5	1.00	0.85	7.80	7.50	110	0.33	14.58%
AMC-26	151.5	152.5	1.00	0.18	2.01	1.57	7.7	0.07	3.08%
AMC-26	152.5	153.5	1.00	0.06	0.93	1.14	2.8	0.05	1.66%
AMC-26	153.5	154.5	1.00	0.28	1.99	2.35	6.8	0.12	3.72%
AMC-26	154.5	155.5	1.00	0.25	1.59	1.38	8.5	0.09	2.74%
AMC-26	155.5	156.3	0.80	0.05	0.19	0.16	1.6	0.07	0.42%
AMC-26	156.3	158.3	2.00	0.01	0.15	0.14	0	0.03	0.25%
AMC-26	158.3	160.3	2.00	0.01	0.13	0.09	1.4	0.09	0.30%
AMC-26	160.3	162.3	2.00	0.04	0.46	0.23	1.9	0.10	0.70%
AMC-26	162.3	163.55	1.25	1.08	3.83	3.53	44	0.23	7.84%
AMC-26	163.55	164.3	0.75	0.01	0.02	0.03	1.5	0.11	0.18%
AMC-26	164.3	166.3	2.00	0.02	0.10	0.06	2.2	0.10	0.29%
AMC-26	166.3	168.3	2.00	0.03	0.46	0.20	3.6	0.12	0.73%
AMC-26	168.3	169.46	1.16	0.02	0.21	0.10	1.9	0.05	0.34%
AMC-26	169.46	170.46	1.00	0.08	0.96	0.61	6.7	0.06	1.47%
AMC-26	170.46	171.41	0.95	0.05	0.60	0.40	5.5	0.04	0.96%
AMC-26	171.41	171.81	0.40	1.60	10.90	7.50	84.2	0.40	17.72%
AMC-26	171.81	172.81	1.00	0.11	0.92	1.53	18.6	0.11	2.30%
AMC-26	172.81	173.3	0.49	0.09	0.59	0.35	5.9	0.09	1.02%
AMC-26	173.3	173.8	0.50	0.63	2.61	2.09	33.3	0.16	5.07%
AMC-26	173.8	174.4	0.60	0.18	0.90	0.67	4.5	0.11	1.59%
AMC-26	174.4	175.4	1.00	0.02	0.56	0.28	6	0.05	0.81%
AMC-26	175.4	176.4	1.00	0.01	0.18	0.10	3.6	0.05	0.35%
AMC-26	176.4	177.4	1.00	0.01	0.15	0.16	1.6	0.04	0.30%
AMC-26	177.4	178.4	1.00	0.10	0.12	0.16	1.4	0.02	0.39%
AMC-26	178.4	179.4	1.00	0.16	0.74	0.46	3	0.04	1.21%
AMC-26	179.4	180.4	1.00	0.11	0.81	1.49	5.3	0.06	1.90%
AMC-26	180.4	181.4	1.00	0.14	2.48	2.69	4.8	0.09	4.09%
AMC-26	181.4	182.4	1.00	0.00	0.03	0.04	0.8	0.02	0.09%
AMC-26	182.4	183.4	1.00	0.01	0.04	0.09	0.8	0.03	0.15%
AMC-26	183.4	184.5	1.10	0.12	0.52	0.42	7.5	0.05	1.04%
AMC-26	184.5	185	0.50	1.24	7.21	5.46	77	0.11	12.51%
AMC-26	185	186	1.00	0.01	0.22	0.17	3.9	0.04	0.42%
AMC-26	186	187	1.00	0.28	3.06	1.45	39.5	0.07	4.59%
AMC-26	187	188	1.00	0.20	0.68	0.62	22.4	0.05	1.68%
AMC-26	188	189	1.00	0.01	0.09	0.16	6.2	0.02	0.33%
AMC-26	189	190	1.00	0.04	0.52	0.29	6.4	0.04	0.81%
AMC-26	190	191	1.00	0.01	0.27	0.21	3.4	0.01	0.43%
AMC-26	191	192	1.00	0.05	0.48	0.20	3.3	0.01	0.65%
AMC-26	192	193	1.00	0.01	0.35	0.04	0.6	0.01	0.34%
AMC-26	193	194	1.00	0.01	0.08	0.11	0.5	0.01	0.17%
AMC-26	194	195	1.00	0.02	0.12	0.03	0	0.00	0.14%
AMC-26	195	196	1.00	0.04	0.17	0.02	0	0.00	0.21%
AMC-26	196	197	1.00	0.04	0.16	0.08	3.4	0.01	0.31%
AMC-26	197	198	1.00	0.04	0.17	0.05	2.1	0.02	0.28%
AMC-26	198	199	1.00	0.02	0.44	0.06	1.3	0.02	0.47%
AMC-26	199	200	1.00	0.15	2.03	0.27	8.9	0.02	2.23%
AMC-26	200	201	1.00	0.02	0.50	0.12	1.8	0.03	0.57%
AMC-26	201	202	1.00	0.04	0.56	0.27	3.8	0.03	0.79%
AMC-26	202	203	1.00	0.04	1.06	0.27	3.5	0.03	1.18%
AMC-26	203	203.93	0.93	0.00	0.05	0.01	0	0.01	0.06%
AMC-26	203.93	205.93	2.00	0.05	0.46	0.24	3.2	0.04	0.69%
AMC-26	205.93	208.7	2.77	0.00	0.07	0.01	1	0.03	0.12%
Total			184.60
WD-16	138.9	140.9	2.00	0.00	0.03	0.01	<0.5	<0.005	0.03%
WD-16	140.9	142.9	2.00	0.00	0.13	0.04	0.8	<0.005	0.14%
WD-16	142.9	144.9	2.00	0.00	0.03	0.00	<0.5	<0.005	0.03%
WD-16	144.9	146.9	2.00	0.00	0.02	0.00	<0.5	<0.005	0.02%
WD-16	146.9	148.9	2.00	0.00	0.01	0.00	<0.5	<0.005	0.01%
WD-16	148.9	150.9	2.00	0.00	0.00	0.00	<0.5	<0.005	0.01%
WD-16	150.9	152.9	2.00	0.00	0.01	0.00	<0.5	<0.005	0.01%
WD-16	152.9	154.9	2.00	0.00	0.05	0.02	2.1	0.09	0.19%
Total			16.00
WD-18	129.17	131.17	2.00	0.50	1.84	0.60	39.6	0.01	3.30%
WD-18	131.17	133.17	2.00	0.01	0.11	0.05	0.6	0.01	0.15%
WD-18	133.17	135.17	2.00	0.05	0.13	0.06	3.2	0.01	0.28%
WD-18	135.17	137.17	2.00	0.02	0.12	0.05	1.5	0.02	0.20%
WD-18	137.17	139.17	2.00	0.05	0.22	0.08	2	0.03	0.37%
WD-18	139.17	141.06	1.89	0.13	0.28	0.11	4.7	0.02	0.58%
WD-18	161	163	2.00	0.10	0.75	0.31	4.4	0.04	1.06%
WD-18	163	165	2.00	0.01	0.20	0.09	1.1	0.02	0.28%
WD-18	165	167	2.00	0.11	0.77	0.43	7.7	0.03	1.22%
WD-18	167	169	2.00	0.03	0.30	0.13	4.2	0.03	0.48%
WD-18	169	171	2.00	0.03	0.18	0.10	2.4	0.02	0.32%
WD-18	171	173	2.00	0.06	0.66	0.28	6.6	0.02	0.93%
WD-18	173	175	2.00	0.21	1.53	0.98	22.3	0.03	2.59%
WD-18	175	176.61	1.61	0.16	1.69	0.80	16.7	0.03	2.44%
WD-18	206.23	208.23	2.00	0.00	0.01	0.00	<0.5	<0.005	0.01%
WD-18	208.23	210.03	1.80	0.00	0.00	0.00	<0.5	<0.005	0.00%
Total			31.30
WD-19	100.87	102.87	2.00	0.01	0.15	0.08	11.3	1.64	2.07%
WD-19	102.87	103.28	0.41	0.01	0.12	0.06	5.8	0.80	1.06%
WD-19	116.86	117.86	1.00	0.04	0.11	0.03	2.7	0.13	0.34%
WD-19	117.86	118.86	1.00	0.03	0.04	0.01	1.7	0.08	0.19%
WD-19	118.86	119.86	1.00	0.09	0.04	0.02	1.9	0.06	0.26%
WD-19	119.86	120.86	1.00	0.42	0.20	0.71	19.6	0.24	1.78%
WD-19	120.86	121.86	1.00	0.12	0.69	0.29	15.6	0.17	1.38%
WD-19	121.86	122.86	1.00	0.20	2.22	0.81	16.8	0.19	3.10%
WD-19	122.86	123.17	0.31	0.26	2.27	1.09	15	0.23	3.40%
WD-19	123.17	125.17	2.00	0.08	0.18	0.10	5.7	0.15	0.58%
WD-19	125.17	127.17	2.00	0.10	0.25	0.14	8.2	0.20	0.78%
WD-19	127.17	129.17	2.00	0.04	0.42	0.20	6.4	0.20	0.85%
WD-19	129.17	130.74	1.57	0.06	1.00	0.56	7.8	0.21	1.61%
WD-19	130.74	132.74	2.00	0.02	1.00	0.09	7.5	0.25	1.29%
WD-19	132.74	134.74	2.00	0.12	1.56	0.73	17.7	0.27	2.50%
WD-19	134.74	136.74	2.00	0.06	1.16	0.75	6.3	0.17	1.78%
WD-19	136.74	138.18	1.44	0.02	0.53	0.26	4.8	0.14	0.85%
WD-19	138.18	140.18	2.00	0.07	0.55	0.37	4.7	0.17	1.03%
WD-19	140.18	142.06	1.88	0.07	1.13	0.68	5.1	0.23	1.77%
WD-19	142.06	143.06	1.00	1.26	9.04	8.69	46.9	0.39	15.79%
WD-19	143.06	144.06	1.00	0.94	8.28	5.40	34.9	0.30	12.37%
WD-19	144.06	145.06	1.00	1.19	7.80	6.68	45.5	0.28	13.28%
WD-19	145.06	145.78	0.72	0.35	8.94	3.45	18.8	0.22	10.52%
WD-19	145.78	146.78	1.00	0.08	1.18	0.83	9.9	0.19	1.97%
WD-19	146.78	147.78	1.00	0.30	3.83	2.51	17.8	0.26	5.69%
WD-19	147.78	148.78	1.00	0.03	0.70	0.40	5.6	0.19	1.16%
WD-19	148.78	149.78	1.00	0.03	0.60	0.32	4.4	0.16	0.97%
WD-19	149.78	150.78	1.00	0.20	3.00	1.70	9.7	0.28	4.25%
WD-19	150.78	151.78	1.00	1.00	9.31	5.88	33.3	0.41	13.67%
WD-19	151.78	152.54	0.76	0.69	10.00	5.34	26.3	0.31	13.26%
WD-19	152.54	154.54	2.00	0.03	0.52	0.29	5.2	0.21	0.96%
WD-19	154.54	156.54	2.00	0.07	0.83	0.45	8.6	0.31	1.53%
WD-19	156.54	158.54	2.00	0.01	0.47	0.28	5.9	0.21	0.90%
WD-19	158.54	160.54	2.00	0.02	0.72	0.37	5.6	0.25	1.20%
WD-19	160.54	162.54	2.00	0.05	2.42	1.00	6.1	0.18	2.97%
WD-19	162.54	164.54	2.00	0.12	2.43	0.90	9.3	0.36	3.24%
WD-19	164.54	166.54	2.00	0.02	0.23	0.10	8	0.19	0.63%
WD-19	166.54	168.54	2.00	0.01	0.50	0.19	4.4	0.10	0.73%
WD-19	168.54	170.54	2.00	0.02	0.60	0.32	4.9	0.13	0.95%
WD-19	170.54	172.14	1.60	0.11	3.11	1.29	9.5	0.24	3.92%
WD-19	172.14	173.14	1.00	0.46	6.89	3.21	23.2	1.18	9.90%
WD-19	173.14	174.14	1.00	0.52	6.04	3.10	26.8	1.14	9.23%
WD-19	174.14	175.14	1.00	0.44	6.50	3.33	33.6	1.27	9.91%
WD-19	175.14	176.14	1.00	0.48	10.65	5.90	48.6	6.09	20.18%
WD-19	176.14	177.14	1.00	0.38	7.33	3.57	25.5	0.66	9.89%
WD-19	177.14	178.14	1.00	0.30	4.96	2.91	61.2	1.52	8.95%
WD-19	178.14	179.14	1.00	0.17	2.08	0.94	16.9	0.75	3.60%
WD-19	179.14	180.14	1.00	0.08	2.52	1.58	18.1	0.81	4.32%
WD-19	180.14	181.14	1.00	0.08	1.86	0.88	14.8	0.59	3.05%
WD-19	181.14	182.14	1.00	0.17	3.36	2.82	28.8	0.64	5.93%
WD-19	182.14	183.14	1.00	0.17	2.76	1.32	23	0.72	4.47%
WD-19	183.14	184.14	1.00	0.14	3.33	1.23	18.6	0.73	4.78%
WD-19	184.14	185.14	1.00	0.55	4.82	2.75	56.7	0.69	8.16%
WD-19	185.14	186.14	1.00	0.13	3.21	1.57	19.4	0.65	4.81%
WD-19	186.14	187.14	1.00	0.22	2.05	1.05	18	0.58	3.56%
WD-19	187.14	188.14	1.00	0.54	1.85	1.10	20.6	0.35	3.66%
WD-19	188.14	189.14	1.00	0.21	2.57	1.02	14.8	0.57	3.88%
WD-19	189.14	190.14	1.00	0.26	3.13	1.35	23.9	0.47	4.68%
WD-19	190.14	191.14	1.00	0.16	1.38	0.61	25.5	0.52	2.71%
WD-19	191.14	192.07	0.93	0.20	2.97	1.37	29.6	0.70	4.81%
Total			77.62

*Zinc Equivalent (ZnEq %) = Zn grade % * Zn Recovery + (Cu grade % * Cu Recovery * (Cu price $/t / Zn price $/t)) + (Pb grade % * Pb Recovery * (Pb price $/t / Zn price $/t)) + (Ag grade g/t / 31.103 * Ag recovery * (Ag price $/oz / Zn price $/t)) + (Au grade g/t / 31.103 * Au recovery * (Au price $/oz / Zn price $/t))

Zn equivalent calculated using following commodity prices: Zn – US$1.25/lb, Cu – US$3.50/lb, Pb – US$1.00/lb, Ag – US$22.50/oz & Au – US$1750/oz

Zn Equivalent calculated using following recovery assumptions for White Rock deposit: Zn – 82%, Cu – 48%, Pb – 78%, Ag – 70% & Au -50%

Sample analysis and QA/QC

All samples generated from the drilling were dispatched to ALS Loughrea.

Samples were analysed for multi-element data analysis using their ME-ICP61 package, which includes Ag, Cu, Pb and Zn. The samples were also assayed for gold using their Au-AA23 analysis package. Overlimit assays were then analysed using their Ag-OG62, Cu-OG62, Pb-OG62, Zn-OG62 and ME-OG62 analysis packages.

For QA/QC purposes, Anglesey Mining used the industry standard of inserting 5% Certified Reference Material (CRM) samples, 2.5% Certified Blank Samples (Blanks) and 5% duplicate samples at source. The CRMs were sourced from Geostats Pty Ltd, Ore Research & Exploration Pty Ltd, OREAS and Natural Resources Canada.

Competent Person

The information in this announcement which relates to Drilling Results has been approved by Mrs. Liz de Klerk, M.Sc., Pr.Sci.Nat., MIMMM who is a professional registered with the South African Council for Natural Scientific Professionals (SACNASP: 400090/08) and independent consultant to the Company. Mrs. de Klerk is the Senior Geologist & Managing Director of Micon International Co Limited and has over 20 continuous years of exploration and mining experience in a variety of mineral deposit styles. Mrs. de Klerk has sufficient experience which is relevant to the style of exploration, mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves" (JORC Code). Mrs. de Klerk consents to inclusion in the announcement of the matters based on this information in the form and context in which it appears.

About Anglesey Mining plc

Anglesey Mining is traded on the AIM market of the London Stock Exchange and currently has 280,175,721 ordinary shares on issue.

Anglesey is developing its 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au deposit in North Wales, UK with a 2020 reported resource of 5.2 million tonnes at 4.3% combined base metals in the Indicated category and 11.7 million tonnes at 2.8% combined base metals in the Inferred category. 

Anglesey holds an almost 20% interest in the Grangesberg Iron project in Sweden, together with management rights and a right of first refusal to increase its interest to 70%.  Anglesey also holds 12% of Labrador Iron Mines Holdings Limited, which through its 52% owned subsidiaries, is engaged in the exploration and development of direct shipping iron ore deposits in Labrador and Quebec.

 

For further information, please contact:

Anglesey Mining plc

Jo Battershill, Chief Executive – Tel: +44 (0)7540 366000

John Kearney, Chairman – Tel: +1 647 728 4106

Davy

Nominated Adviser & Joint Company Broker

Brian Garrahy / Lauren O’Sullivan – Tel: +353 1 679 6363

WH Ireland

Joint Corporate Broker

Katy Mitchell / Harry Ansell – Tel: +44 (0) 207 220 1666

Canaccord Genuity Limited

Joint Corporate Broker

James Asensio / Harry Rees – Tel: +44 (0) 20 7523 8000

Scout Advisory Limited

Investor Relations Consultant

Sean Wade – Tel: +44 (0) 7464 609025

LEI: 213800X8BO8EK2B4HQ71