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Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - On Friday posts assay results from Parys Mountain on the isle of Anglesey, Wales. Finds up to 95 grammes of silver per tonne and up to 0.8 grammes of gold per tonne. ‘Given the results, we are very confident that a significant portion of the currently inferred material will be upgraded to indicated. The importance of this should not be discounted given inferred resources are not permitted to be included in reserve estimates,’ says Chief Executive Jo Battershill.
‘In other areas, we continue to progress the ecological surveys required for the environmental baseline work and we will soon commence the initial tailings management and design studies. Both of these aspects are critical to progressing Parys Mountain through the permitting phase.’
Current stock price: 3.07 pence
12-month change: up from 0.031p
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